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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Jul. 30, 2023
Jul. 31, 2022
Net Sales and Revenues        
Net sales and revenues $ 15,801 $ 14,102 $ 45,839 $ 37,041
Costs and Expenses        
Research and development expenses 528 481 1,571 1,336
Selling, administrative and general expenses 1,110 959 3,392 2,672
Interest expense 623 296 1,671 713
Other operating expenses 310 316 971 954
Total 12,195 11,563 35,893 30,799
Income of Consolidated Group before Income Taxes 3,606 2,539 9,946 6,242
Provision for income taxes 636 654 2,164 1,364
Income of Consolidated Group 2,970 1,885 7,782 4,878
Equity in income of unconsolidated affiliates 2   5 8
Net Income 2,972 1,885 7,787 4,886
Less: Net income (loss) attributable to noncontrolling interests (6) 1 (10) 1
Net Income Attributable to Deere & Company $ 2,978 $ 1,884 $ 7,797 $ 4,885
Per Share Data        
Basic (in dollars per share) $ 10.24 $ 6.20 $ 26.48 $ 15.97
Diluted (in dollars per share) 10.20 6.16 26.35 15.88
Dividends declared (in dollars per share) 1.25 1.13 3.70 3.23
Dividends paid (in dollars per share) $ 1.25 $ 1.05 $ 3.58 $ 3.15
Average Shares Outstanding        
Basic (in shares) 290.8 304.1 294.4 305.8
Diluted (in shares) 292.1 305.7 295.9 307.7
Net Sales        
Net Sales and Revenues        
Net sales and revenues $ 14,284 $ 13,000 $ 41,765 $ 33,565
Cost of Sales        
Cost of sales 9,624 9,511 28,288 25,124
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 1,253 846 3,326 2,441
Other income        
Net Sales and Revenues        
Net sales and revenues $ 264 $ 256 $ 748 $ 1,035