CAPITAL STOCK

12 Months Ended

Oct. 30, 2022

CAPITAL STOCK

CAPITAL STOCK

21. CAPITAL STOCK

The $1 par value common stock of Deere & Company is listed on the New York Stock Exchange under the symbol “DE”. At October 30, 2022, there were 17,829 holders of record of the company’s common stock.

The number of common shares the company is authorized to issue is 1,200 million. The number of common shares issued at October 30, 2022, October 31, 2021, and November 1, 2020 was 536.4 million. The number of authorized preferred shares is nine million. No preferred shares have been issued.

The Board of Directors at a meeting in December 2019 authorized the repurchase of up to $8,000 million of common stock. At the end of fiscal year 2022, this repurchase program had $2,228 million (5.6 million shares based on the fiscal year end closing common stock price of $396.85 per share) remaining to be repurchased. Repurchases of the company’s common stock under this plan are made from time to time, at the company’s discretion, in the open market.

A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:

	2022		2021		2020
Net income attributable to Deere & Company	$	7,131	$	5,963	$	2,751
Average shares outstanding		304.5		311.6		313.5
Basic per share	$	23.42	$	19.14	$	8.77
Average shares outstanding		304.5		311.6		313.5
Effect of dilutive stock options		1.8		2.4		3.1
Total potential shares outstanding		306.3		314.0		316.6
Diluted per share	$	23.28	$	18.99	$	8.69

All stock options outstanding were included in the computation of diluted shares except .2 million in 2022 and .6 million in 2020 that had an antidilutive effect under the treasury stock method.