XML 56 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 29, 2023
Oct. 30, 2022
ASSETS    
Cash and cash equivalents $ 7,458 $ 4,774
Marketable securities 946 734
Trade accounts and notes receivable - net 7,739 6,410
Other receivables 2,623 2,492
Equipment on operating leases - net 6,917 6,623
Inventories 8,160 8,495
Property and equipment - net 6,879 6,056
Goodwill 3,900 3,687
Other intangible assets - net 1,133 1,218
Retirement benefits 3,007 3,730
Deferred income taxes 1,814 824
Other assets 2,503 2,417
Total Assets 104,087 90,030
LIABILITIES    
Short-term borrowings 17,939 12,592
Short-term securitization borrowings 6,995 5,711
Accounts payable and accrued expenses 16,130 14,822
Deferred income taxes 520 495
Long-term borrowings 38,477 33,596
Retirement benefits and other liabilities 2,140 2,457
Total liabilities 82,201 69,673
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest (Note 3) 97 92
STOCKHOLDERS' EQUITY    
Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2023 and 2022), at paid-in amount 5,303 5,165
Common stock in treasury, 254,846,927 shares in 2023 and 237,659,289 shares in 2022, at cost (31,335) (24,094)
Retained earnings 50,931 42,247
Accumulated other comprehensive income (loss) (3,114) (3,056)
Total Deere & Company stockholders' equity 21,785 20,262
Noncontrolling interests 4 3
Total stockholders' equity 21,789 20,265
Total Liabilities and Stockholders' Equity 104,087 90,030
Unrestricted    
ASSETS    
Financing receivables - net 43,673 36,634
Securitized    
ASSETS    
Financing receivables - net $ 7,335 $ 5,936
Location of liability for pledged asset Short-term securitization borrowings Short-term securitization borrowings
Other assets $ 152 $ 155
Total Assets $ 7,487 $ 6,091