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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2022
Aug. 01, 2021
Jul. 31, 2022
Aug. 01, 2021
Net Sales and Revenues        
Net sales and revenues $ 14,102 $ 11,527 $ 37,041 $ 32,697
Costs and Expenses        
Research and development expenses 481 394 1,336 1,137
Selling, administrative and general expenses 959 841 2,672 2,448
Interest expense 296 244 713 783
Other operating expenses 316 324 954 1,033
Total 11,563 9,377 30,799 26,708
Income of Consolidated Group before Income Taxes 2,539 2,150 6,242 5,989
Provision for income taxes 654 491 1,364 1,328
Income of Consolidated Group 1,885 1,659 4,878 4,661
Equity in income of unconsolidated affiliates   8 8 21
Net Income 1,885 1,667 4,886 4,682
Less: Net income attributable to noncontrolling interests 1   1 2
Net Income Attributable to Deere & Company $ 1,884 $ 1,667 $ 4,885 $ 4,680
Per Share Data        
Basic (in dollars per share) $ 6.20 $ 5.36 $ 15.97 $ 14.98
Diluted (in dollars per share) 6.16 5.32 15.88 14.86
Dividends declared (in dollars per share) 1.13 0.90 3.23 2.56
Dividends paid (in dollars per share) $ 1.05 $ 0.90 $ 3.15 $ 2.42
Average Shares Outstanding        
Basic (in shares) 304.1 311.0 305.8 312.4
Diluted (in shares) 305.7 313.4 307.7 314.9
Net Sales        
Net Sales and Revenues        
Net sales and revenues $ 13,000 $ 10,413 $ 33,565 $ 29,461
Cost of Sales        
Cost of sales 9,511 7,574 25,124 21,307
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 846 825 2,441 2,468
Other income        
Net Sales and Revenues        
Net sales and revenues $ 256 $ 289 $ 1,035 $ 768