XML 50 R31.htm IDEA: XBRL DOCUMENT v3.23.1
REVENUE RECOGNITION (Tables)
6 Months Ended
Apr. 30, 2023
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:

Three Months Ended April 30, 2023

    

Production & Precision Ag

    

Small Ag & Turf

    

Construction
& Forestry

    

Financial
Services

    

Total

Primary geographic markets:

             

             

United States

$

4,058

$

2,241

$

2,561

$

766

$

9,626

Canada

546

189

302

 

153

 

1,190

Western Europe

758

888

492

 

31

 

2,169

Central Europe and CIS

393

212

90

 

8

 

703

Latin America

1,543

201

388

 

106

 

2,238

Asia, Africa, Oceania, and Middle East

614

469

335

43

1,461

Total

$

7,912

$

4,200

$

4,168

$

1,107

$

17,387

Major product lines:

             

             

Production agriculture

$

7,733

$

7,733

Small agriculture

$

2,952

 

 

2,952

Turf

1,099

 

 

1,099

Construction

$

1,813

 

 

1,813

Compact construction

663

663

Roadbuilding

1,134

 

 

1,134

Forestry

429

 

 

429

Financial products

29

20

12

$

1,107

 

1,168

Other

150

129

117

 

 

396

Total

$

7,912

$

4,200

$

4,168

$

1,107

$

17,387

Revenue recognized:

             

             

At a point in time

$

7,861

$

4,171

$

4,146

$

27

$

16,205

Over time

51

29

22

1,080

1,182

Total

$

7,912

$

4,200

$

4,168

$

1,107

$

17,387

    

Six Months Ended April 30, 2023

Production & Precision Ag

    

Small Ag & Turf

    

Construction
& Forestry

    

Financial
Services

    

Total

Primary geographic markets:

United States

$

6,686

$

3,906

$

4,461

$

1,479

$

16,532

Canada

906

335

577

 

303

 

2,121

Western Europe

1,259

1,452

857

 

60

 

3,628

Central Europe and CIS

595

335

165

 

20

 

1,115

Latin America

2,780

357

727

 

201

 

4,065

Asia, Africa, Oceania, and Middle East

989

869

635

84

2,577

Total

$

13,215

$

7,254

$

7,422

$

2,147

$

30,038

Major product lines:

             

             

Production agriculture

$

12,845

$

12,845

Small agriculture

$

5,146

 

 

5,146

Turf

1,818

 

 

1,818

Construction

$

3,295

 

 

3,295

Compact construction

1,136

1,136

Roadbuilding

1,952

 

 

1,952

Forestry

785

 

785

Financial products

60

38

25

$

2,147

 

2,270

Other

310

252

229

 

 

791

Total

$

13,215

$

7,254

$

7,422

$

2,147

$

30,038

Revenue recognized:

             

             

At a point in time

$

13,109

$

7,200

$

7,375

$

50

$

27,734

Over time

106

54

47

2,097

2,304

Total

$

13,215

$

7,254

$

7,422

$

2,147

$

30,038

Three Months Ended May 1, 2022

    

Production & Precision Ag

    

Small Ag & Turf

    

Construction
& Forestry

    

Financial
Services

    

Total

Primary geographic markets:

             

             

United States

$

2,434

$

2,103

$

2,108

$

569

$

7,214

Canada

309

161

355

 

149

 

974

Western Europe

536

658

464

25

 

1,683

Central Europe and CIS

404

151

146

11

 

712

Latin America

1,126

134

333

73

 

1,666

Asia, Africa, Oceania, and Middle East

367

399

318

37

1,121

Total

$

5,176

$

3,606

$

3,724

$

864

$

13,370

Major product lines:

             

             

Production agriculture

$

5,032

$

5,032

Small agriculture

$

2,668

 

 

2,668

Turf

817

 

 

817

Construction

$

1,516

 

 

1,516

Compact construction

427

427

Roadbuilding

1,017

 

 

1,017

Forestry

325

 

 

325

Financial products

10

9

6

$

864

 

889

Other

134

112

433

 

 

679

Total

$

5,176

$

3,606

$

3,724

$

864

$

13,370

Revenue recognized:

             

             

At a point in time

$

5,144

$

3,593

$

3,707

$

26

$

12,470

Over time

32

13

17

838

900

Total

$

5,176

$

3,606

$

3,724

$

864

$

13,370

Six Months Ended May 1, 2022

    

Production & Precision Ag

    

Small Ag & Turf

    

Construction
& Forestry

    

Financial
Services

    

Total

Primary geographic markets:

United States

$

4,042

$

3,541

$

3,368

$

1,142

$

12,093

Canada

448

283

687

301

 

1,719

Western Europe

1,003

1,190

822

51

 

3,066

Central Europe and CIS

606

277

341

22

 

1,246

Latin America

1,902

238

561

141

 

2,842

Asia, Africa, Oceania, and Middle East

608

751

537

77

1,973

Total

$

8,609

$

6,280

$

6,316

$

1,734

$

22,939

Major product lines:

             

             

Production agriculture

$

8,315

$

8,315

Small agriculture

$

4,600

 

4,600

Turf

1,444

 

1,444

Construction

$

2,691

 

2,691

Compact construction

748

748

Roadbuilding

1,709

 

1,709

Forestry

630

 

630

Financial products

22

20

11

$

1,734

 

1,787

Other

272

216

527

 

1,015

Total

$

8,609

$

6,280

$

6,316

$

1,734

$

22,939

Revenue recognized:

             

             

At a point in time

$

8,540

$

6,247

$

6,277

$

50

$

21,114

Over time

69

33

39

1,684

1,825

Total

$

8,609

$

6,280

$

6,316

$

1,734

$

22,939