REVENUE RECOGNITION (Tables)

12 Months Ended

Oct. 30, 2022

REVENUE RECOGNITION

Schedule of Revenue Recognition

The company’s net sales and revenues by primary geographic market, major product line, and timing of revenue recognition in millions of dollars follow:

	PPA		SAT		CF		FS		Total
2022
Primary geographic markets:
United States	$	10,975	$	7,741	$	7,103	$	2,419	$	28,238
Canada		1,387		676		1,238		601		3,902
Western Europe		2,188		2,478		1,576		102		6,344
Central Europe and CIS		1,207		488		545		49		2,289
Latin America		4,991		578		1,467		303		7,339
Asia, Africa, Australia, New Zealand, and Middle East		1,570		1,608		1,136		151		4,465
Total	$	22,318	$	13,569	$	13,065	$	3,625	$	52,577
Major product lines:
Production agriculture	$	21,685							$	21,685
Small agriculture			$	10,027						10,027
Turf				3,027						3,027
Construction					$	5,864				5,864
Compact construction						1,667				1,667
Roadbuilding						3,441				3,441
Forestry						1,308				1,308
Financial products		60		52		32	$	3,625		3,769
Other		573		463		753				1,789
Total	$	22,318	$	13,569	$	13,065	$	3,625	$	52,577
Revenue recognized:
At a point in time	$	22,178	$	13,493	$	12,980	$	105	$	48,756
Over time		140		76		85		3,520		3,821
Total	$	22,318	$	13,569	$	13,065	$	3,625	$	52,577

	PPA		SAT		CF		FS		Total
2021
Primary geographic markets:
United States	$	8,223	$	6,505	$	5,697	$	2,389	$	22,814
Canada		853		498		1,047		617		3,015
Western Europe		2,086		2,433		1,807		103		6,429
Central Europe and CIS		1,322		475		828		39		2,664
Latin America		2,916		456		903		247		4,522
Asia, Africa, Australia, New Zealand, and Middle East		1,417		1,679		1,331		153		4,580
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024
Major product lines:
Production agriculture	$	16,248							$	16,248
Small agriculture			$	8,619						8,619
Turf				2,853						2,853
Construction					$	4,684				4,684
Compact construction						1,489				1,489
Roadbuilding						3,749				3,749
Forestry						1,280				1,280
Financial products		55		46		20	$	3,548		3,669
Other		514		528		391				1,433
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024
Revenue recognized:
At a point in time	$	16,659	$	11,969	$	11,522	$	105	$	40,255
Over time		158		77		91		3,443		3,769
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024

	PPA		SAT		CF		FS		Total
2020
Primary geographic markets:
United States	$	6,889	$	5,059	$	4,548	$	2,500	$	18,996
Canada		640		350		802		598		2,390
Western Europe		1,827		1,937		1,479		90		5,333
Central Europe and CIS		898		493		646		35		2,072
Latin America		1,902		334		553		234		3,023
Asia, Africa, Australia, New Zealand, and Middle East		1,119		1,322		1,153		132		3,726
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540
Major product lines:
Production agriculture	$	12,662							$	12,662
Small agriculture			$	6,827						6,827
Turf				2,390						2,390
Construction					$	3,521				3,521
Compact construction						1,269				1,269
Roadbuilding						2,924				2,924
Forestry						1,100				1,100
Financial products		69		37		25	$	3,589		3,720
Other		544		241		342				1,127
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540
Revenue recognized:
At a point in time	$	13,106	$	9,439	$	9,071	$	106	$	31,722
Over time		169		56		110		3,483		3,818
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540

Schedule of Unsatisfied Performance Obligations, Estimated Revenue to be Recognized by Fiscal Year

The total amount of unsatisfied performance obligations for contracts with an original duration greater than one year and the estimated revenue to be recognized by fiscal year at October 30, 2022 follows in millions of dollars:

Year	Net Sales and Revenues
2023	$	336
2024		319
2025		230
2026		131
2027		84
Later years		124
Total	$	1,224