Document and Entity Information	9 Months Ended
Document and Entity Information	Jul. 28, 2024 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 28, 2024
Entity File Number	1-4121
Entity Registrant Name	DEERE & CO
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2382580
Entity Address, Address Line One	One John Deere Place
Entity Address, City or Town	Moline
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	61265
City Area Code	309
Local Phone Number	765-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	273,599,818
Current Fiscal Year End Date	--10-27
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000315189
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	DE
Security Exchange Name	NYSE
6.55% Debentures Due 2028
Document Information [Line Items]
Title of 12(b) Security	6.55% Debentures Due 2028
Trading Symbol	DE28
Security Exchange Name	NYSE

STATEMENTS OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Net Sales and Revenues
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
Costs and Expenses
Research and development expenses	567	528	1,664	1,571
Selling, administrative and general expenses	1,278	1,110	3,608	3,392
Interest expense	840	623	2,478	1,671
Other operating expenses	264	310	930	971
Total	10,797	12,195	32,885	35,893
Income of Consolidated Group before Income Taxes	2,355	3,606	7,687	9,946
Provision for income taxes	625	636	1,845	2,164
Income of Consolidated Group	1,730	2,970	5,842	7,782
Equity in income of unconsolidated affiliates	1	2	4	5
Net Income	1,731	2,972	5,846	7,787
Less: Net loss attributable to noncontrolling interests	(3)	(6)	(9)	(10)
Net Income Attributable to Deere & Company	$ 1,734	$ 2,978	$ 5,855	$ 7,797
Per Share Data
Basic (in dollars per share)	$ 6.32	$ 10.24	$ 21.13	$ 26.48
Diluted (in dollars per share)	6.29	10.20	21.04	26.35
Dividends declared (in dollars per share)	1.47	1.25	4.41	3.70
Dividends paid (in dollars per share)	$ 1.47	$ 1.25	$ 4.29	$ 3.58
Average Shares Outstanding
Basic (in shares)	274.5	290.8	277.1	294.4
Diluted (in shares)	275.6	292.1	278.2	295.9
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 11,387	$ 14,284	$ 35,484	$ 41,765
Cost of Sales
Cost of sales	7,848	9,624	24,205	28,288
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	1,461	1,253	4,207	3,326
Other income
Net Sales and Revenues
Net sales and revenues	$ 304	$ 264	$ 881	$ 748

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME
Net Income	$ 1,731	$ 2,972	$ 5,846	$ 7,787
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	(21)	(9)	(129)	(267)
Cumulative translation adjustment	(170)	144	(113)	925
Unrealized gain (loss) on derivatives	(29)	5	(36)	(26)
Unrealized gain (loss) on debt securities	23	(13)	24	13
Other Comprehensive Income (Loss), Net of Income Taxes	(197)	127	(254)	645
Comprehensive Income of Consolidated Group	1,534	3,099	5,592	8,432
Less: Comprehensive income (loss) attributable to noncontrolling interests	(3)	(5)	(8)	2
Comprehensive Income Attributable to Deere & Company	$ 1,537	$ 3,104	$ 5,600	$ 8,430

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
ASSETS
Cash and cash equivalents	$ 7,004	$ 7,458	$ 6,576
Marketable securities	1,140	946	841
Trade accounts and notes receivable - net	7,469	7,739	9,297
Other receivables	2,270	2,623	3,118
Equipment on operating leases - net	7,118	6,917	6,709
Inventories	7,696	8,160	9,350
Property and equipment - net	7,092	6,879	6,418
Goodwill	3,960	3,900	3,994
Other intangible assets - net	1,030	1,133	1,199
Retirement benefits	3,126	3,007	3,573
Deferred income taxes	1,898	1,814	1,360
Other assets	2,903	2,503	2,659
Assets held for sale	2,965
Total Assets	107,841	104,087	103,397
LIABILITIES
Short-term borrowings	15,294	17,939	17,143
Short-term securitization borrowings	7,869	6,995	6,608
Accounts payable and accrued expenses	14,397	16,130	15,340
Deferred income taxes	481	520	506
Long-term borrowings	42,692	38,477	38,112
Retirement benefits and other liabilities	2,156	2,140	2,536
Liabilities held for sale	1,803
Total liabilities	84,692	82,201	80,245
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	84	97	101
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2024 - 536,431,204)	5,441	5,303	5,272
Common stock in treasury	(34,570)	(31,335)	(28,760)
Retained earnings	55,559	50,931	48,947
Accumulated other comprehensive income (loss)	(3,368)	(3,114)	(2,411)
Total Deere & Company stockholders' equity	23,062	21,785	23,048
Noncontrolling interests	3	4	3
Total stockholders' equity	23,065	21,789	23,051
Total Liabilities and Stockholders' Equity	107,841	104,087	103,397
Unrestricted
ASSETS
Financing receivables - net	43,896	43,673	41,302
Securitized
ASSETS
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Other assets	$ 178	$ 152	$ 153
Total Assets	$ 8,452	$ 7,487	$ 7,154

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)	Jul. 28, 2024 $ / shares shares
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share) \| $ / shares	$ 1
Common stock, issued shares \| shares	536,431,204

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Cash Flows from Operating Activities
Net income	$ 5,846	$ 7,787
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	222	(64)
Provision for depreciation and amortization	1,598	1,527
Impairments and other adjustments		173
Impairments and other adjustments	53
Share-based compensation expense	159	112
Credit for deferred income taxes	(125)	(429)
Changes in assets and liabilities:
Receivables related to sales	(2,446)	(5,059)
Inventories	234	(663)
Accounts payable and accrued expenses	(1,015)	47
Accrued income taxes payable/receivable	31	(595)
Retirement benefits	(246)	(116)
Other	(172)	176
Net cash provided by operating activities	4,139	2,896
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	19,143	17,592
Proceeds from maturities and sales of marketable securities	333	127
Proceeds from sales of equipment on operating leases	1,451	1,445
Cost of receivables acquired (excluding receivables related to sales)	(21,113)	(20,714)
Purchases of marketable securities	(572)	(213)
Purchases of property and equipment	(1,043)	(887)
Cost of equipment on operating leases acquired	(2,165)	(1,968)
Collateral on derivatives - net	390	240
Other	(95)	(185)
Net cash used for investing activities	(3,671)	(4,563)
Cash Flows from Financing Activities
Net proceeds (payments) in short-term borrowings (original maturities three months or less)	(992)	5,040
Proceeds from borrowings issued (original maturities greater than three months)	15,512	9,972
Payments of borrowings (original maturities greater than three months)	(10,792)	(5,862)
Repurchases of common stock	(3,227)	(4,663)
Dividends paid	(1,202)	(1,065)
Other	(88)	(43)
Net cash provided by (used for) financing activities	(789)	3,379
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	(6)	125
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(327)	1,837
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	7,620	4,941
Cash, Cash Equivalents, and Restricted Cash at End of Period	7,293	6,778
Components of Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	7,004	6,576
Cash, cash equivalents, and restricted cash (Assets held for sale)	108
Restricted cash (Other assets)	$ 181	$ 202
Balance sheet location of restricted cash	Other assets	Other assets
Total Cash, Cash Equivalents, and Restricted Cash	$ 7,293	$ 6,778

STATEMENTS OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
Balance at Oct. 30, 2022	$ 5,165	$ (24,094)	$ 42,247	$ (3,056)	$ 3	$ 20,265
Increase (Decrease) in Stockholders' Equity
Net income			7,797		2	7,799
Other comprehensive income (loss)				645		645
Repurchases of common stock		(4,696)				(4,696)
Treasury shares reissued		30				30
Dividends declared			(1,088)		(3)	(1,091)
Share based awards and other	107		(9)		1	99
Balance at Jul. 30, 2023	5,272	(28,760)	48,947	(2,411)	3	23,051
Redeemable Noncontrolling Interest - Balance at Oct. 30, 2022						92
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(12)
Other comprehensive income						12
Other						9
Redeemable Noncontrolling Interest - Balance at Jul. 30, 2023						101
Balance at Apr. 30, 2023	5,227	(26,630)	46,336	(2,538)	4	22,399
Increase (Decrease) in Stockholders' Equity
Net income			2,978			2,978
Other comprehensive income (loss)				127		127
Repurchases of common stock		(2,139)				(2,139)
Treasury shares reissued		9				9
Dividends declared			(362)		(2)	(364)
Share based awards and other	45		(5)		1	41
Balance at Jul. 30, 2023	5,272	(28,760)	48,947	(2,411)	3	23,051
Redeemable Noncontrolling Interest - Balance at Apr. 30, 2023						102
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(6)
Other comprehensive income						1
Other						4
Redeemable Noncontrolling Interest - Balance at Jul. 30, 2023						101
Balance at Oct. 29, 2023	5,303	(31,335)	50,931	(3,114)	4	21,789
Increase (Decrease) in Stockholders' Equity
Net income			5,855		1	5,856
Other comprehensive income (loss)				(254)		(254)
Repurchases of common stock		(3,257)				(3,257)
Treasury shares reissued		22				22
Dividends declared			(1,221)		(2)	(1,223)
Share based awards and other	138		(6)			132
Balance at Jul. 28, 2024	5,441	(34,570)	55,559	(3,368)	3	23,065
Redeemable Noncontrolling Interest - Balance at Oct. 29, 2023						97
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(10)
Other comprehensive income						1
Other						6
Noncontrolling interest redemption (Note 21)						(10)
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2024						84
Balance at Apr. 28, 2024	5,391	(33,764)	54,228	(3,171)	4	22,688
Increase (Decrease) in Stockholders' Equity
Net income			1,734			1,734
Other comprehensive income (loss)				(197)		(197)
Repurchases of common stock		(812)				(812)
Treasury shares reissued		6				6
Dividends declared			(403)		(1)	(404)
Share based awards and other	50					50
Balance at Jul. 28, 2024	$ 5,441	$ (34,570)	$ 55,559	$ (3,368)	$ 3	23,065
Redeemable Noncontrolling Interest - Balance at Apr. 28, 2024						98
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(3)
Other						(1)
Noncontrolling interest redemption (Note 21)						(10)
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2024						$ 84

ORGANIZATION AND CONSOLIDATION

9 Months Ended

Jul. 28, 2024

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION

(1) Organization and Consolidation

Deere & Company has been developing innovative solutions to help its customers become more profitable for more than 185 years. References to “Deere & Company,” “John Deere,” “we,” “us,” or “our” include our consolidated subsidiaries. We manage our business through the following operating segments: production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). References to “agriculture and turf” include both PPA and SAT.

We use a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2024 and 2023 were July 28, 2024 and July 30, 2023, respectively. Both third quarters contained 13 weeks, while both year-to-date periods contained 39 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to our fiscal years generally ending in October and the associated periods in those fiscal years.

All amounts are presented in millions of dollars, unless otherwise specified.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Jul. 28, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS

(2) Summary of Significant Accounting Policies and New Accounting PROnouncements

Quarterly Financial Statements

The interim consolidated financial statements of Deere & Company have been prepared by us, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted as permitted by such rules and regulations. All normal recurring adjustments have been included. Management believes the disclosures are adequate to present fairly the financial position, results of operations, and cash flows at the dates and for the periods presented. It is suggested these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto appearing in our latest Annual Report on Form 10-K. Results for interim periods are not necessarily indicative of those to be expected for the fiscal year.

Use of Estimates in Financial Statements

Certain accounting policies require management to make estimates and assumptions in determining the amounts reflected in the financial statements and related disclosures. Actual results could differ from those estimates.

New Accounting Pronouncements

We closely monitor all Accounting Standard Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) and other authoritative guidance.

Accounting Pronouncements Adopted

We adopted the following standards in 2024, none of which had a material effect on our consolidated financial statements.


2022-04 — Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations
2022-02 — Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
2022-01 — Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method
2021-08 — Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

Accounting Pronouncements to be Adopted

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and cash income taxes paid both in the U.S. and foreign jurisdictions. The effective date of the ASU is fiscal year 2026. We are assessing the effect of this update on our related disclosures.

We will also adopt the following standards in future periods, none of which are expected to have a material effect on our consolidated financial statements.


2023-07 — Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
2023-06 — Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative
2023-05 — Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement
2022-03 — Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions

REVENUE RECOGNITION

9 Months Ended

Jul. 28, 2024

REVENUE RECOGNITION

REVENUE RECOGNITION

(3) Revenue Recognition

Our net sales and revenues by primary geographic market, major product line, and timing of revenue recognition follow:


	Three Months Ended July 28, 2024
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	2,839	$	1,824	$	1,967	$	1,076	$	7,706
Canada		489		207		183		191		1,070
Western Europe		522		542		432		64		1,560
Central Europe and CIS		201		70		106		12		389
Latin America		841		125		305		94		1,365
Asia, Africa, Oceania, and Middle East		350		360		300		52		1,062
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152

Major product lines:
Production agriculture	$	5,038							$	5,038
Small agriculture			$	2,168						2,168
Turf				825						825
Construction					$	1,308				1,308
Compact construction						643				643
Roadbuilding						961				961
Forestry						269				269
Financial products		65		33		8	$	1,489		1,595
Other		139		102		104				345
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152

Revenue recognized:
At a point in time	$	5,143	$	3,084	$	3,269	$	35	$	11,531
Over time		99		44		24		1,454		1,621
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152


	Nine Months Ended July 28, 2024
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	9,441	$	5,011	$	6,563	$	3,041	$	24,056
Canada		1,475		492		635		538		3,140
Western Europe		1,684		1,747		1,263		144		4,838
Central Europe and CIS		655		223		291		28		1,197
Latin America		2,510		326		895		346		4,077
Asia, Africa, Oceania, and Middle East		1,199		1,074		829		162		3,264
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572

Major product lines:
Production agriculture	$	16,336							$	16,336
Small agriculture			$	5,984						5,984
Turf				2,491						2,491
Construction					$	4,528				4,528
Compact construction						1,964				1,964
Roadbuilding						2,804				2,804
Forestry						832				832
Financial products		164		91		43	$	4,259		4,557
Other		464		307		305				1,076
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572

Revenue recognized:
At a point in time	$	16,707	$	8,753	$	10,395	$	97	$	35,952
Over time		257		120		81		4,162		4,620
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572


	Three Months Ended July 30, 2023
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	3,394	$	2,098	$	2,346	$	860	$	8,698
Canada		397		179		288		165		1,029
Western Europe		833		802		421		35		2,091
Central Europe and CIS		302		85		98		6		491
Latin America		1,326		220		371		117		2,034
Asia, Africa, Oceania, and Middle East		720		422		271		45		1,458
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801

Major product lines:
Production agriculture	$	6,721							$	6,721
Small agriculture			$	2,688						2,688
Turf				964						964
Construction					$	1,745				1,745
Compact construction						614				614
Roadbuilding						987				987
Forestry						334				334
Financial products		89		28		15	$	1,228		1,360
Other		162		126		100				388
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801

Revenue recognized:
At a point in time	$	6,857	$	3,769	$	3,767	$	30	$	14,423
Over time		115		37		28		1,198		1,378
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801


	Nine Months Ended July 30, 2023
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	10,079	$	6,005	$	6,807	$	2,339	$	25,230
Canada		1,303		514		865		468		3,150
Western Europe		2,092		2,254		1,278		95		5,719
Central Europe and CIS		897		420		263		26		1,606
Latin America		4,106		577		1,098		318		6,099
Asia, Africa, Oceania, and Middle East		1,709		1,291		906		129		4,035
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

Major product lines:
Production agriculture	$	19,565							$	19,565
Small agriculture			$	7,835						7,835
Turf				2,782						2,782
Construction					$	5,040				5,040
Compact construction						1,750				1,750
Roadbuilding						2,939				2,939
Forestry						1,119				1,119
Financial products		149		66		40	$	3,375		3,630
Other		472		378		329				1,179
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

Revenue recognized:
At a point in time	$	19,965	$	10,970	$	11,142	$	80	$	42,157
Over time		221		91		75		3,295		3,682
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

We invoice in advance of recognizing the sale of certain products and the revenue for certain services. These relate to extended warranty premiums, advance payments for future equipment sales, and subscription and service revenue related to precision guidance, telematic services, and other information enabled solutions. These advanced customer payments are presented as deferred revenue, a contract liability, in “Accounts payable and accrued expenses.” The deferred revenue received, but not recognized in revenue, was $1,895, $1,697, and $1,753 at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. The contract liability is reduced as the revenue is recognized. During the three months ended July 28, 2024 and July 30, 2023, $126 and $96, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of the respective fiscal year. During the nine months ended July 28, 2024 and July 30, 2023, $484 and $440, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of the respective fiscal year.

The amount of unsatisfied performance obligations for contracts with an original duration greater than one year was $1,677 at July 28, 2024. The estimated revenue to be recognized by fiscal year follows: remainder of 2024 – $188, 2025 – $456, 2026 – $384, 2027 – $254, 2028 – $157, 2029 – $128, and later years – $110. As permitted, we elected only to disclose remaining performance obligations with an original contract duration greater than one year. The contracts with an expected duration of one year or less are for sales to dealers and retail customers for equipment, service parts, repair services, and certain telematics services.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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+ Details

OTHER COMPREHENSIVE INCOME ITEMS

9 Months Ended

Jul. 28, 2024

OTHER COMPREHENSIVE INCOME ITEMS

OTHER COMPREHENSIVE INCOME ITEMS

(4) Other Comprehensive Income Items

The after-tax components of accumulated other comprehensive income (loss) follow:


	July 28		October 29		July 30
	2024		2023		2023
Retirement benefits adjustment	$	(974)	$	(845)	$	(656)
Cumulative translation adjustment		(2,264)		(2,151)		(1,669)
Unrealized gain (loss) on derivatives		(44)		(8)		(5)
Unrealized gain (loss) on debt securities		(86)		(110)		(81)
Total accumulated other comprehensive income (loss)	$	(3,368)	$	(3,114)	$	(2,411)

The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss).


	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended July 28, 2024	Amount		Credit		Amount
Cumulative translation adjustment	$	(170)			$	(170)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(15)	$	3		(12)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(22)		5		(17)
Net unrealized gain (loss) on derivatives		(37)		8		(29)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		29		(6)		23
Net unrealized gain (loss) on debt securities		29		(6)		23
Retirement benefits adjustment:
Net actuarial gain (loss)		(19)		5		(14)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(18)		4		(14)
Prior service (credit) cost		8		(1)		7
Settlements		1		(1)
Net unrealized gain (loss) on retirement benefits adjustment		(28)		7		(21)
Total other comprehensive income (loss)	$	(206)	$	9	$	(197)


	Before		Tax		After
	Tax		(Expense)		Tax
Nine Months Ended July 28, 2024	Amount		Credit		Amount
Cumulative translation adjustment	$	(114)	$	1	$	(113)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		3				3
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(49)		10		(39)
Net unrealized gain (loss) on derivatives		(46)		10		(36)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		17		1		18
Reclassification of realized (gain) loss – Other income		8		(2)		6
Net unrealized gain (loss) on debt securities		25		(1)		24
Retirement benefits adjustment:
Net actuarial gain (loss)		(145)		35		(110)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(54)		14		(40)
Prior service (credit) cost		26		(6)		20
Settlements		2		(1)		1
Net unrealized gain (loss) on retirement benefits adjustment		(171)		42		(129)
Total other comprehensive income (loss)	$	(306)	$	52	$	(254)



	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended July 30, 2023	Amount		Credit		Amount
Cumulative translation adjustment	$	143	$	1	$	144
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		24		(5)		19
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(18)		4		(14)
Net unrealized gain (loss) on derivatives		6		(1)		5
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(16)		3		(13)
Net unrealized gain (loss) on debt securities		(16)		3		(13)
Retirement benefits adjustment:
Net actuarial gain (loss)		(1)				(1)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(20)		5		(15)
Prior service (credit) cost		9		(2)		7
Net unrealized gain (loss) on retirement benefits adjustment		(12)		3		(9)
Total other comprehensive income (loss)	$	121	$	6	$	127


	Before		Tax		After
	Tax		(Expense)		Tax
Nine Months Ended July 30, 2023	Amount		Credit		Amount
Cumulative translation adjustment	$	914	$	11	$	925
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		19		(4)		15
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(52)		11		(41)
Net unrealized gain (loss) on derivatives		(33)		7		(26)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		17		(4)		13
Net unrealized gain (loss) on debt securities		17		(4)		13
Retirement benefits adjustment:
Net actuarial gain (loss)		(351)		83		(268)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(61)		15		(46)
Prior service (credit) cost		28		(7)		21
Settlements		36		(10)		26
Net unrealized gain (loss) on retirement benefits adjustment		(348)		81		(267)
Total other comprehensive income (loss)	$	550	$	95	$	645

EARNINGS PER SHARE

9 Months Ended

Jul. 28, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

(5) Earnings Per Share

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


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Net income attributable to Deere & Company	$	1,734	$	2,978	$	5,855	$	7,797
Average shares outstanding		274.5		290.8		277.1		294.4
Basic per share	$	6.32	$	10.24	$	21.13	$	26.48

Average shares outstanding		274.5		290.8		277.1		294.4
Effect of dilutive stock options and restricted stock awards		1.1		1.3		1.1		1.5
Total potential shares outstanding		275.6		292.1		278.2		295.9
Diluted per share	$	6.29	$	10.20	$	21.04	$	26.35

Shares excluded from EPS calculation, as antidilutive		.4		.2		.3		.1

PENSION AND OTHER POSTRETIREMENT BENEFITS

9 Months Ended

Jul. 28, 2024

PENSION AND OTHER POSTRETIREMENT BENEFITS

PENSION AND OTHER POSTRETIREMENT BENEFITS

(6) Pension and Other Postretirement Benefits

We have several funded and unfunded defined benefit pension plans and other postretirement benefit (OPEB) plans. These plans cover U.S. employees and certain foreign employees. The components of net periodic pension and OPEB (benefit) cost consisted of the following:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Pensions:
Service cost	$	56	$	62	$	171	$	186
Interest cost		136		133		410		400
Expected return on plan assets		(241)		(223)		(723)		(655)
Amortization of actuarial gain		(4)		(5)		(13)		(16)
Amortization of prior service cost		9		10		29		30
Settlements		1				2		36
Net benefit	$	(43)	$	(23)	$	(124)	$	(19)

OPEB:
Service cost	$	4	$	7	$	13	$	20
Interest cost		44		44		131		132
Expected return on plan assets		(27)		(29)		(81)		(87)
Amortization of actuarial gain		(14)		(15)		(41)		(45)
Amortization of prior service credit		(1)		(1)		(3)		(2)
Net cost	$	6	$	6	$	19	$	18

The components of net periodic pension and OPEB (benefit) cost excluding the service cost component are included in the line item “Other operating expenses.”

During the first nine months of 2024, we contributed and expect to contribute the following amounts to our pension and OPEB plans:


	Pensions		OPEB
Contributed	$	74	$	118
Expected contributions remainder of the year		26		22

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

SEGMENT DATA

9 Months Ended

Jul. 28, 2024

SEGMENT DATA

SEGMENT DATA

(7) Segment DATA

Information relating to operations by operating segment follows:


	Three Months Ended					Nine Months Ended
	July 28		July 30		%	July 28		July 30		%
	2024		2023		Change	2024		2023		Change
Net sales and revenues:
Production & precision ag net sales	$	5,099	$	6,806	-25	$	16,529	$	19,826	-17
Small ag & turf net sales		3,053		3,739	-18		8,663		10,886	-20
Construction & forestry net sales		3,235		3,739	-13		10,292		11,053	-7
Financial services revenues		1,489		1,228	+21		4,259		3,375	+26
Other revenues		276		289	-4		829		699	+19
Total net sales and revenues	$	13,152	$	15,801	-17	$	40,572	$	45,839	-11
Operating profit:
Production & precision ag	$	1,162	$	1,782	-35	$	3,857	$	5,160	-25
Small ag & turf		496		732	-32		1,393		2,028	-31
Construction & forestry		448		716	-37		1,682		2,179	-23
Financial services		191		286	-33		657		565	+16
Total operating profit		2,297		3,516	-35		7,589		9,932	-24
Reconciling items		62		98	-37		111		29	+283
Income taxes		(625)		(636)	-2		(1,845)		(2,164)	-15
Net income attributable to Deere & Company	$	1,734	$	2,978	-42	$	5,855	$	7,797	-25

Intersegment sales and revenues:
Production & precision ag net sales	$	4	$	9	-56	$	18	$	21	-14
Small ag & turf net sales				2	-100		2		10	-80
Construction & forestry net sales
Financial services revenues		178		217	-18		548		612	-10

Operating profit for PPA, SAT, and CF is income from continuing operations before corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, and income taxes. Operating profit of financial services includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain interest income and expenses, certain foreign exchange gains and losses, pension and OPEB benefit (cost) amounts excluding the service cost component, and net income attributable to noncontrolling interests.

Identifiable operating assets were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Production & precision ag	$	8,750	$	8,734	$	9,523
Small ag & turf		4,079		4,348		4,482
Construction & forestry		7,129		7,139		7,415
Financial services		74,981		70,732		68,850
Corporate		12,902		13,134		13,127
Total assets	$	107,841	$	104,087	$	103,397

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

FINANCING RECEIVABLES

9 Months Ended

Jul. 28, 2024

FINANCING RECEIVABLES

FINANCING RECEIVABLES

(8) Financing Receivables

We monitor the credit quality of financing receivables based on delinquency status, defined as follows:

●

Past due balances represent any payments 30 days or more past the due date.

●

Non-performing financing receivables represent receivables for which we have stopped accruing finance income. This generally occurs when receivables are 90 days delinquent.

●

Write-offs generally occur when receivables are 120 days delinquent. In these situations, the estimated uncollectible amount is written off to the allowance for credit losses. Any expected recovery is presented as non-performing.

The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows:


	July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	10,349	$	9,686	$	5,849	$	3,286	$	1,276	$	394	$	4,409	$	35,249
30-59 days past due		37		90		56		28		10		4		31		256
60-89 days past due		15		65		25		12		5		2		10		134
90+ days past due				1		1		2		5						9
Non-performing		12		101		85		59		24		17		15		313
Construction and forestry
Current		2,261		2,067		1,249		583		147		60		111		6,478
30-59 days past due		40		59		34		14		4		1		4		156
60-89 days past due		12		25		14		9		2		1		1		64
90+ days past due		1		5		2		2				1				11
Non-performing		21		94		72		38		13		6		2		246
Total retail customer receivables	$	12,748	$	12,193	$	7,387	$	4,033	$	1,486	$	486	$	4,583	$	42,916


	October 29, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	15,191	$	8,430	$	5,120	$	2,334	$	853	$	280	$	4,526	$	36,734
30-59 days past due		62		75		39		21		9		3		29		238
60-89 days past due		18		26		18		10		4		2		9		87
90+ days past due		2		1		3		3								9
Non-performing		30		78		62		33		22		22		8		255
Construction and forestry
Current		2,927		1,961		1,084		353		84		29		119		6,557
30-59 days past due		49		34		27		9		4				4		127
60-89 days past due		19		14		12		5		2				2		54
90+ days past due				6		1						1				8
Non-performing		42		80		55		23		9		4		1		214
Total retail customer receivables	$	18,340	$	10,705	$	6,421	$	2,791	$	987	$	341	$	4,698	$	44,283


	July 30, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	10,554	$	9,701	$	5,792	$	2,779	$	1,080	$	402	$	4,388	$	34,696
30-59 days past due		59		85		53		26		13		4		21		261
60-89 days past due		19		30		17		10		5		1		7		89
90+ days past due				1												1
Non-performing		19		80		71		36		24		27		8		265
Construction and forestry
Current		2,167		2,200		1,284		449		124		39		114		6,377
30-59 days past due		39		46		38		13		5		2		4		147
60-89 days past due		12		23		16		8		2		1		1		63
90+ days past due				2		1		1								4
Non-performing		20		83		61		26		11		5		1		207
Total retail customer receivables	$	12,889	$	12,251	$	7,333	$	3,348	$	1,264	$	481	$	4,544	$	42,110

The credit quality analysis of wholesale receivables by year of origination was as follows:


	July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	557	$	232	$	36	$	7	$	1	$	1	$	7,326	$	8,160
30+ days past due		1														1
Non-performing												1				1
Construction and forestry
Current		13		12		4		19						1,260		1,308
30+ days past due														3		3
Non-performing
Total wholesale receivables	$	571	$	244	$	40	$	26	$	1	$	2	$	8,589	$	9,473


	October 29, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	631	$	93	$	21	$	4	$	1	$	160	$	5,175	$	6,085
30+ days past due
Non-performing										1						1
Construction and forestry
Current		23		5		20						76		712		836
30+ days past due
Non-performing
Total wholesale receivables	$	654	$	98	$	41	$	4		2	$	236	$	5,887	$	6,922


	July 30, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	449	$	139	$	28	$	7	$	1	$	1	$	4,940	$	5,565
30+ days past due
Non-performing										1						1
Construction and forestry
Current		20		6		23		1				1		752		803
30+ days past due
Non-performing
Total wholesale receivables	$	469	$	145	$	51	$	8	$	2	$	2	$	5,692	$	6,369

An analysis of the allowance for credit losses and investment in financing receivables follows:


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended July 28, 2024
Allowance:
Beginning of period balance	$	207	$	21	$	2	$	230
Provision		84		25				109
Provision reversal for assets held for sale		(38)						(38)
Provision subtotal		46		25				71
Write-offs		(45)		(46)				(91)
Recoveries		4		8				12
Translation adjustments		(3)						(3)
End of period balance	$	209	$	8	$	2	$	219

Nine Months Ended July 28, 2024
Allowance:
Beginning of period balance	$	172	$	21	$	4	$	197
Provision		183		46				229
Provision reversal for assets held for sale		(38)						(38)
Provision subtotal		145		46				191
Write-offs		(112)		(81)				(193)
Recoveries		9		22				31
Translation adjustments		(5)				(2)		(7)
End of period balance	$	209	$	8	$	2	$	219

Financing receivables:
End of period balance	$	38,333	$	4,583	$	9,473	$	52,389


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended July 30, 2023
Allowance:
Beginning of period balance	$	157	$	19	$	4	$	180
Provision		14		11				25
Write-offs		(23)		(18)				(41)
Recoveries		5		6				11
Translation adjustments		1						1
End of period balance	$	154	$	18	$	4	$	176

Nine Months Ended July 30, 2023
Allowance:
Beginning of period balance	$	299	$	22	$	4	$	325
Provision		59		15		1		75
Provision reversal for assets held for sale		(142)						(142)
Provision (credit) subtotal		(83)		15		1		(67)
Write-offs		(60)		(36)				(96)
Recoveries		15		17				32
Translation adjustments		(17)				(1)		(18)
End of period balance	$	154	$	18	$	4	$	176

Financing receivables:
End of period balance	$	37,566	$	4,544	$	6,369	$	48,479

In the third quarter of 2024, we determined that the financial services business in Brazil met the held for sale criteria. The receivables in Brazil were reclassified to “Assets held for sale.” The associated allowance for credit losses was reversed and a valuation allowance for the assets held for sale was recorded (see Note 21). Excluding the business in Brazil, the allowance for credit losses on retail notes and financing lease receivables increased in the third quarter and first nine months of 2024,

primarily due to higher expected losses as a result of elevated delinquencies and a decline in market conditions. This increase was partially offset by a decrease in the allowance on revolving charge accounts, driven by write-offs of seasonal financing program accounts and recoveries expected on those accounts in the future.

In the first quarter of 2023, the financial services business in Russia met the held for sale criteria. The allowance for credit losses for the financing receivables in Russia was reversed and a valuation allowance for the assets held for sale was recorded. These operations were sold in the second quarter of 2023 (see Note 20).

Write-offs by year of origination were as follows:


	Nine Months Ended July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf	$	2	$	17	$	17	$	6	$	7	$	3	$	75	$	127
Construction and forestry		2		23		21		8		4		2		6		66
Total retail customer receivables	$	4	$	40	$	38	$	14	$	11	$	5	$	81	$	193

Modifications

We occasionally grant contractual modifications to customers experiencing financial difficulties. Before offering a modification, we evaluate the ability of the customer to meet the modified payment terms. Modifications offered include payment deferrals, term extensions, or a combination thereof. Finance charges continue to accrue during the deferral or extension period with the exception of modifications related to bankruptcy proceedings. Our allowance for credit losses incorporates historical loss information, including the effects of loan modifications with customers. Therefore, additional adjustments to the allowance are generally not recorded upon modification of a loan.

The ending amortized cost of modified loans with borrowers experiencing financial difficulty during the third quarter and the nine months ended July 28, 2024 were $23 and $67, respectively, of which $56 were current, $4 were 30-59 days past due, $3 were 60-89 days past due, $1 were 90 days or greater past due, and $3 were non-performing. These modifications represented 0.04 and 0.13 percent of our financing receivable portfolio for the same periods, respectively.

Defaults and subsequent write-offs of loans modified in the prior twelve months were not significant during the third quarter or the first nine months of 2024. In addition, at July 28, 2024, commitments to provide additional financing to these customers were not significant.

SECURITIZATION OF FINANCING RECEIVABLES

9 Months Ended

Jul. 28, 2024

SECURITIZATION OF FINANCING RECEIVABLES

SECURITIZATION OF FINANCING RECEIVABLES

(9) Securitization of Financing Receivables

Our funding strategy includes receivable securitizations, which allows us to receive cash for financing receivables immediately. While these securitization programs are administered in various forms, they are accomplished in the following basic steps:

1.

We transfer financing receivables into a bankruptcy-remote special purpose entity (SPE).

2.

The SPE issues debt to investors. The debt is secured by the financing receivables.

3.

Investors are paid back based on cash receipts from the financing receivables.

As part of step 1, these receivables are legally isolated from the claims of our general creditors. This ensures cash receipts from the financing receivables are accessible to pay back securitization program investors. The structure of these transactions does not meet the accounting criteria for a sale of receivables. As a result, they are accounted for as a secured borrowing. The receivables and borrowings remain on our balance sheet and are separately reported as “Financing receivables securitized – net” and “Short-term securitization borrowings,” respectively.

The components of securitization programs were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Financing receivables securitized (retail notes)	$	8,313	$	7,357	$	7,019
Allowance for credit losses		(39)		(22)		(18)
Other assets (primarily restricted cash)		178		152		153
Total restricted securitized assets	$	8,452	$	7,487	$	7,154

Short-term securitization borrowings	$	7,869	$	6,995	$	6,608
Accrued interest on borrowings		14		13		15
Total liabilities related to restricted securitized assets	$	7,883	$	7,008	$	6,623

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/860/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (cc)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(5)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-7

Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

+ Details

INVENTORIES

9 Months Ended

Jul. 28, 2024

INVENTORIES

INVENTORIES

(10) Inventories

A majority of inventories owned by us are valued at cost on the “last-in, first-out” (LIFO) basis. If all inventories had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows:


	July 28		October 29		July 30
	2024		2023		2023
Raw materials and supplies	$	3,586	$	4,080	$	4,492
Work-in-process		988		1,010		1,307
Finished goods and parts		5,689		5,435		6,164
Total FIFO value		10,263		10,525		11,963
Excess of FIFO over LIFO		2,567		2,365		2,613
Inventories	$	7,696	$	8,160	$	9,350

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

9 Months Ended

Jul. 28, 2024

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

(11) Goodwill and Other Intangible Assets – Net

The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses.


	Production &		Small Ag		Construction
	Precision Ag		& Turf		& Forestry		Total
Goodwill at October 30, 2022	$	646	$	318	$	2,723	$	3,687
Acquisitions		41		39				80
Translation adjustments		23		8		196		227
Goodwill at July 30, 2023	$	710	$	365	$	2,919	$	3,994

Goodwill at October 29, 2023	$	702	$	363	$	2,835	$	3,900
Translation adjustments		(1)		2		59		60
Goodwill at July 28, 2024	$	701	$	365	$	2,894	$	3,960

The components of other intangible assets were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Customer lists and relationships	$	507	$	501	$	524
Technology, patents, trademarks, and other		1,413		1,387		1,415
Total at cost		1,920		1,888		1,939
Less accumulated amortization:
Customer lists and relationships		222		195		201
Technology, patents, trademarks, and other		668		560		539
Total accumulated amortization		890		755		740
Other intangible assets – net	$	1,030	$	1,133	$	1,199

The amortization of other intangible assets in the third quarter and the first nine months of 2024 was $41 and $124, and for the third quarter and the first nine months of 2023 was $42 and $126, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $49, 2025 – $145, 2026 – $121, 2027 – $119, 2028 – $87, and 2029 – $74.

SHORT-TERM BORROWINGS

9 Months Ended

Jul. 28, 2024

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS

(12) Short-Term Borrowings

Short-term borrowings were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Commercial paper	$	5,572	$	9,100	$	9,003
Notes payable to banks		418		483		352
Finance lease obligations due within one year		31		25		23
Long-term borrowings due within one year		9,273		8,331		7,765
Short-term borrowings	$	15,294	$	17,939	$	17,143

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

Jul. 28, 2024

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

(13) Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:


	July 28		October 29		July 30
	2024		2023		2023
Accounts payable:
Trade payables	$	2,580	$	3,467	$	3,308
Dividends payable		407		388		365
Operating lease liabilities		258		281		308
Deposits withheld from dealers and merchants		151		163		158
Payables to unconsolidated affiliates		4		6		4
Other		173		153		173
Accrued expenses:
Employee benefits		1,802		2,152		1,808
Product warranties		1,513		1,610		1,619
Accrued taxes		1,497		1,558		1,595
Derivative liabilities		582		1,130		948
Dealer sales discounts		846		1,243		902
Extended warranty premium		1,129		1,021		999
Unearned revenue (contractual liability)		766		676		754
Unearned operating lease revenue		480		451		428
Accrued interest		478		434		402
Parts return liability		404		392		378
Other		1,327		1,005		1,191
Accounts payable and accrued expenses	$	14,397	$	16,130	$	15,340

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,535 at July 28, 2024, $2,228 at October 29, 2023, and $2,240 at July 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS

9 Months Ended

Jul. 28, 2024

LONG-TERM BORROWINGS

LONG-TERM BORROWINGS

(14) Long-Term Borrowings

Long-term borrowings consisted of:


	July 28		October 29		July 30
	2024		2023		2023
Underwritten term debt
U.S. dollar notes and debentures:
2.75% notes due 2025			$	700	$	700
6.55% debentures due 2028	$	200		200		200
5.375% notes due 2029		500		500		500
3.10% notes due 2030		700		700		700
8.10% debentures due 2030		250		250		250
7.125% notes due 2031		300		300		300
3.90% notes due 2042		1,250		1,250		1,250
2.875% notes due 2049		500		500		500
3.75% notes due 2050		850		850		850
Euro notes:
1.85% notes due 2028 (€600 principal)		651		634		659
2.20% notes due 2032 (€600 principal)		651		634		659
1.65% notes due 2039 (€650 principal)		705		687		713
Serial issuances
Medium-term notes		36,057		29,638		29,355
Other notes and finance lease obligations		232		1,769		1,605
Less debt issuance costs and debt discounts		(154)		(135)		(129)
Long-term borrowings	$	42,692	$	38,477	$	38,112

Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. The principal balances of the medium-term notes were $36,716, $30,902, and $30,348, at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

LEASES - LESSOR

9 Months Ended

Jul. 28, 2024

LEASES - LESSOR

LEASES - LESSOR

(15) Leases – Lessor

We lease equipment manufactured or sold by us through John Deere Financial. Sales-type and direct financing leases are reported in “Financing receivables – net.” Operating leases are reported in “Equipment on operating leases – net.”

Lease revenues earned by us follow:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Sales-type and direct finance lease revenues	$	50	$	41	$	141	$	120
Operating lease revenues		358		332		1,039		974
Variable lease revenues		4				13		11
Total lease revenues	$	412	$	373	$	1,193	$	1,105

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Jul. 28, 2024

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

(16) Commitments and Contingencies

A standard warranty is provided as assurance that the equipment will function as intended. The standard warranty period varies by product and region. At the time a sale is recognized, we record an estimate of future warranty costs based on historical claims rate experience and estimated population under warranty.

The reconciliation of the changes in the warranty liability follows:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Beginning of period balance	$	1,566	$	1,562	$	1,610	$	1,427
Warranty claims paid		(325)		(314)		(959)		(851)
New product warranty accruals		280		363		871		1,006
Foreign exchange		(8)		8		(9)		37
End of period balance	$	1,513	$	1,619	$	1,513	$	1,619

The costs for extended warranty programs are recognized as incurred.

In certain international markets, we provide guarantees to banks for the retail financing of John Deere equipment. At July 28, 2024, the notional value of these guarantees was $151. We may repossess the equipment collateralizing the receivables. At July 28, 2024, the accrued losses under these agreements were not material.

We also had other miscellaneous contingent liabilities and guarantees totaling approximately $130 at July 28, 2024. The accrued liability for these contingencies was $20 at July 28, 2024.

At July 28, 2024, we had commitments of approximately $585 for the construction and acquisition of property and equipment. Also, at July 28, 2024, we had restricted assets of $234, classified as “Other assets.”

We are subject to various unresolved legal actions. The accrued losses on these matters were not material at July 28, 2024. We believe the reasonably possible range of losses for these unresolved legal actions would not have a material effect on our financial statements. The most prevalent legal claims relate to product liability (including asbestos-related liability), retail credit, employment, patent, trademark, and antitrust matters.

FAIR VALUE MEASUREMENTS

9 Months Ended

Jul. 28, 2024

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

(17) FAIR VALUE MEASUREMENTS

The fair values of financial instruments that do not approximate the carrying values were as follows. Long-term borrowings exclude finance lease liabilities.


	July 28, 2024				October 29, 2023				July 30, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Financing receivables – net	$	43,896	$	43,713	$	43,673	$	42,777	$	41,302	$	40,675
Financing receivables securitized – net		8,274		8,139		7,335		7,056		7,001		6,818
Short-term securitization borrowings		7,869		7,872		6,995		6,921		6,608		6,538
Long-term borrowings due within one year		9,273		9,190		8,331		8,156		7,765		7,568
Long-term borrowings		42,617		42,076		38,428		36,873		38,064		37,121

Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings.

Fair values of the financing receivables that were issued long-term were based on the discounted values of their related cash flows at interest rates currently being offered by us for similar financing receivables. The fair values of the remaining financing receivables approximated the carrying amounts. In May 2024, we acquired a held-to-maturity marketable security that matures in less than one year. The carrying value of the held-to-maturity marketable security was $12 as of July 28, 2024, which approximated its fair value.

Fair values of long-term borrowings and short-term securitization borrowings were based on current market quotes for identical or similar borrowings and credit risk, or on the discounted values of their related cash flows at current market interest rates.

Assets and liabilities measured at fair value on a recurring basis follow, excluding our cash equivalents, which were carried at a cost that approximates fair value and consisted of money market funds and time deposits.


	July 28		October 29		July 30
	2024		2023		2023
Level 1
Marketable securities:
International equity securities			$	3	$	3
International mutual funds securities				101
U.S. equity fund				86		101
U.S. fixed income fund				32		85
U.S. government debt securities	$	413		78		63
Total Level 1 marketable securities		413		300		252

Level 2
Marketable securities:
Corporate debt securities		220		244		221
International debt securities		145		1		2
Mortgage-backed securities		154		185		163
Municipal debt securities		69		75		69
U.S. government debt securities		127		141		134
Total Level 2 marketable securities		715		646		589
Other assets – Derivatives		361		292		324
Accounts payable and accrued expenses – Derivatives		582		1,130		948

Level 3
Accounts payable and accrued expenses – Deferred consideration		153		186		202

The mortgage-backed securities are primarily issued by U.S. government-sponsored enterprises.

The contractual maturities of available-for-sale debt securities at July 28, 2024 follow:


	Amortized		Fair
	Cost		Value
Due in one year or less	$	21	$	21
Due after one through five years		299		258
Due after five through 10 years		557		540
Due after 10 years		185		155
Mortgage-backed securities		182		154
Debt securities	$	1,244	$	1,128

Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Mortgage-backed securities contain prepayment provisions and are not categorized by contractual maturity.

Fair value, nonrecurring Level 3 measurements from impairments were as follows:


	Fair Value				Losses
					Three Months Ended			Nine Months Ended
	July 28		October 29	July 30	July 28		July 30	July 28		July 30
	2024		2023	2023	2024		2023	2024		2023
Assets held for sale	$	2,965			$	53		$	53

The following is a description of the valuation methodologies we use to measure certain financial instruments on the balance sheets at fair value:

Marketable securities – The portfolio of investments is valued on a market approach (matrix pricing model) in which all significant inputs are observable or can be derived from or corroborated by observable market data such as interest rates, yield curves, volatilities, credit risk, and prepayment speeds. Funds are valued using the fund’s net asset value, based on the fair value of the underlying securities. International debt securities are valued using quoted prices for identical assets in inactive markets.

Derivatives – Our derivative financial instruments consist of interest rate contracts (swaps), foreign currency exchange contracts (futures, forwards, and swaps), and cross-currency interest rate contracts (swaps). The portfolio is valued based on an income approach (discounted cash flow) using market observable inputs, including swap curves and both forward and spot exchange rates for currencies.

Assets held for sale – The impairment was measured at the lower of the carrying amount or fair value less cost to sell. Fair value was based on the probable sale price. The inputs included estimates of the final sale price (see Note 21).

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

DERIVATIVE INSTRUMENTS

9 Months Ended

Jul. 28, 2024

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS

(18) Derivative Instruments

Fair values of our derivative instruments and the associated notional amounts were as follows. Assets are recorded in “Other assets,” while liabilities are recorded in “Accounts payable and accrued expenses.”


	July 28, 2024						October 29, 2023						July 30, 2023
			Fair Value						Fair Value						Fair Value
	Notional		Assets		Liabilities		Notional		Assets		Liabilities		Notional		Assets		Liabilities
Cash flow hedges:
Interest rate contracts	$	3,475	$	14	$	18	$	1,500	$	45			$	1,500	$	48	$	3

Fair value hedges:
Interest rate contracts		15,165		119		486		12,691			$	970		12,160		4		729
Cross-currency interest rate contracts		975		16

Not designated as hedging instruments:
Interest rate contracts		13,656		103		59		13,853		169		98		13,233		221		109
Foreign exchange contracts		7,529		99		16		8,117		75		54		8,630		51		82
Cross-currency interest rate contracts		190		10		3		176		3		8		155				25

The amounts recorded in the consolidated balance sheets related to borrowings designated in fair value hedging relationships were as follows. Fair value hedging adjustments are included in the carrying amount of the hedged item.


	Active Hedging Relationships				Discontinued Hedging Relationships
	Carrying Amount		Cumulative Fair Value		Carrying Amount of		Cumulative Fair Value
	of Hedged Item		Hedging Amount		Formerly Hedged Item		Hedging Amount
July 28, 2024
Short-term borrowings	$	286	$	(4)	$	1,458	$	9
Long-term borrowings		15,386		(394)		8,414		(264)

October 29, 2023
Short-term borrowings					$	1,814	$	15
Long-term borrowings	$	11,660	$	(976)		7,144		(288)

July 30, 2023
Short-term borrowings					$	2,324	$	25
Long-term borrowings	$	11,379	$	(728)		6,319		(265)

The classification and gains (losses), including accrued interest expense, related to derivative instruments on the statements of consolidated income consisted of the following:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Fair Value Hedges
Interest rate contracts – Interest expense*	$	373	$	(375)	$	269	$	(146)

Cash Flow Hedges
Recognized in OCI:
Interest rate contracts – OCI (pretax)	$	(15)	$	24	$	3	$	19
Reclassified from OCI:
Interest rate contracts – Interest expense		22		18		49		52

Not Designated as Hedges
Interest rate contracts – Net sales			$	6
Interest rate contracts – Interest expense*	$	4		48	$	2	$	45
Foreign exchange contracts – Net sales		(3)		3				2
Foreign exchange contracts – Cost of sales		36		(78)		15		(14)
Foreign exchange contracts – Other operating expenses*		17		(142)		(118)		(157)
Total not designated	$	54	$	(163)	$	(101)	$	(124)

* Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.

Certain of our derivative agreements contain credit support provisions that may require us to post collateral based on the size of the net liability positions and credit ratings. The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at July 28, 2024, October 29, 2023, and July 30, 2023, was $566, $1,076, and $865, respectively. In accordance with the limits established in these agreements, we posted $269, $659, and $435 of cash collateral at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. In addition, we paid $8 of collateral that was outstanding at July 28, 2024, October 29, 2023, and July 30, 2023 to participate in an international futures market to hedge currency exposure, not included in the table below.

Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities related to netting arrangements and collateral follows:


	Gross Amounts		Netting
	Recognized		Arrangements		Collateral		Net Amount
July 28, 2024
Assets	$	361	$	(154)			$	207
Liabilities		582		(154)	$	(269)		159

October 29, 2023
Assets	$	292	$	(152)			$	140
Liabilities		1,130		(152)	$	(659)		319

July 30, 2023
Assets	$	324	$	(160)	$	(28)	$	136
Liabilities		948		(160)		(435)		353

SHARE-BASED AWARDS

9 Months Ended

Jul. 28, 2024

SHARE-BASED AWARDS

SHARE-BASED AWARDS

(19) Share-Based Awards

We are authorized to grant shares for stock options and restricted stock units. The outstanding shares authorized were 14.9 million at July 28, 2024. In December 2023, we granted stock options to employees for the purchase of 216 thousand shares of common stock at an exercise price of $377.01 per share and a binomial lattice model fair value of $98.04 per share at the grant date. At July 28, 2024, options for 1.7 million shares were outstanding with a weighted-average exercise price of $228.10 per share.

During the nine months ended July 28, 2024, the restricted stock units (RSUs) granted in thousands of shares and the weighted-average grant date fair values, using the closing price of our common stock on the grant date, in dollars follow:

In December 2023, we granted market/service-based RSUs. The vesting period for the market/service-based RSUs is three years and dividend equivalents are not earned during the vesting period. The market/service-based RSUs are subject to a market related metric based on total shareholder return, compared to a benchmark group of companies, and award common stock in a range of zero to 200 percent for each unit granted based on the level of the metric achieved. The fair value of the market/service-based RSUs was determined using a Monte Carlo model.

DISPOSITION

9 Months Ended

Jul. 28, 2024

DISPOSITION

DISPOSITION

(20) Disposition

In March 2023, we sold our financial services business in Russia to Insight Investment Group. The total proceeds, net of restricted cash sold, were $36. The operations were included in the financial services operating segment through the date of sale. At the disposal date, the total assets were $31, consisting primarily of financing receivables, the total liabilities were $5, and the cumulative translation loss was $10. We did not incur additional gains or losses upon disposition.

SPECIAL ITEMS

9 Months Ended

Jul. 28, 2024

SPECIAL ITEMS

SPECIAL ITEMS

(21) Special ItemS

2024

Employee-Separation Programs

In the third quarter of 2024, we implemented employee-separation programs for our salaried workforce in several geographic areas, including the United States, Europe, Asia, and Latin America. The programs’ main purpose was to help meet our strategic priorities while reducing overlap and redundancy in roles and responsibilities. The programs were largely involuntary in nature with the expense recorded when management committed to a plan, the plan was communicated to the employees, and the employees were not required to provide service beyond the legal notification period.

The programs’ total pretax expenses are estimated to be approximately $150, with $124 recorded in the third quarter of 2024. The remaining expenses are expected to be recorded primarily in 2025. Payments made during the third quarter of 2024 with respect to these program expenses totaled $30. The expenses for the three months and nine months ended July 28, 2024 were recorded as follows:


	PPA		SAT		CF		FS		Total
Employee-Separation Programs:
Cost of sales	$	18	$	9	$	8			$	35
Research and development expenses		19		6		1				26
Selling, administrative and general expenses		25		14		11	$	9		59
Total operating profit decrease	$	62	$	29	$	20	$	9		120
Non-operating profit expenses*										4
Total									$	124

* Relates primarily to corporate expenses.

Banco John Deere S.A.

In the third quarter of 2024, our board of directors authorized the sale of 50 percent ownership in our wholly owned subsidiary, Banco John Deere S.A. (BJD). BJD, located in Brazil, is included in our financial services segment and finances retail and wholesale loans for agricultural, construction, and forestry equipment. The transaction will reduce our incremental risk as we continue to grow in the Brazilian market. As a result, we reclassified the BJD business as held for sale, including a reversal of $38 in allowance for credit losses, and the establishment of a $53 valuation allowance on the assets held for sale. The net impact of these entries was a pretax and after-tax loss of $15 recorded in “Selling, administrative and general expenses.” We do not expect a significant gain or loss upon deconsolidation of BJD in 2025.

The major classes of the total consolidated assets and liabilities of BJD that were classified as held for sale and liabilities of BJD to other intercompany parties were as follows:


	July 28
	2024
Cash and cash equivalents	$	107
Trade accounts and notes receivable – net		231
Financing receivables – net		2,624
Deferred income taxes		42
Other miscellaneous assets*		14
Valuation allowance		(53)
Total assets held for sale	$	2,965

Short-term borrowings		563
Accounts payable and accrued expenses		101
Long-term borrowings		1,137
Retirement benefits and other liabilities		2
Total liabilities held for sale	$	1,803

Total intercompany payables	$	673

* Includes $1 restricted cash balance.

In August 2024, we entered into an agreement with a Brazilian bank, Banco Bradesco S.A. (Bradesco), for Bradesco to invest and become 50 percent owner of BJD. On the transaction date, which is expected to occur in the second quarter of 2025, subject to usual and customary regulatory approval, Bradesco will contribute capital equal to our equity investment in BJD. We will retain a 50 percent equity interest in BJD and report the results of the joint venture as an equity investment in unconsolidated affiliates.

Redeemable Noncontrolling Interest

In the third quarter of 2024, we exercised our right to purchase the remaining 20 percent interest in SurePoint Ag Systems, Inc. The arrangement was accounted for as an equity transaction with no gain or loss recorded in the statements of consolidated income.

2023

Brazil Tax Ruling

In the third quarter of 2023, the Brazil Superior Court of Justice published a favorable tax ruling regarding taxability of local incentives, which allowed us to record a $243 reduction in the provision for income taxes and $47 of interest income.

Financial Services Financing Incentives Correction

In the second quarter of 2023, we corrected the accounting treatment for financing incentives offered to John Deere dealers, which impacted the timing of expense recognition and the presentation of incentive costs in the consolidated financial statements. The cumulative effect of this correction, $173 pretax ($135 after-tax), was recorded in the second quarter of 2023 in “Selling, administrative and general expenses” by financial services. Prior period results were not restated, as the adjustment was considered immaterial to our financial statements.

Summary of 2024 and 2023 Special Items

The following table summarizes the operating profit impact of the special items recorded for the three months and nine months ended July 28, 2024 and July 30, 2023.


	Three Months Ended										Nine Months Ended
	PPA		SAT		CF		FS		Total		PPA		SAT		CF		FS		Total
2024 Expense:
Employee-separation programs	$	62	$	29	$	20	$	9	$	120	$	62	$	29	$	20	$	9	$	120
BJD remeasurement								15		15								15		15
Total 2024 expense		62		29		20		24		135		62		29		20		24		135

2023 Expense:
Financing incentives correction																		173		173
Period over period change	$	62	$	29	$	20	$	24	$	135	$	62	$	29	$	20	$	(149)	$	(38)

SUBSEQUENT EVENTS

9 Months Ended

Jul. 28, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

(22) Subsequent EventS

In August 2024, we entered into an agreement with a Brazilian bank, Banco Bradesco S.A., to invest and become 50 percent owner of Banco John Deere S.A. (see Note 21).

On August 28, 2024, a quarterly dividend of $1.47 per share was declared at the Board of Directors meeting, payable on November 8, 2024, to stockholders of record on September 30, 2024.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,734	$ 2,978	$ 5,855	$ 7,797

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jul. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Policies)

9 Months Ended

Jul. 28, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS

Fiscal Period, Policy

We use a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2024 and 2023 were July 28, 2024 and July 30, 2023, respectively. Both third quarters contained 13 weeks, while both year-to-date periods contained 39 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to our fiscal years generally ending in October and the associated periods in those fiscal years.

Use of Estimates in Financial Statements, Policy

Certain accounting policies require management to make estimates and assumptions in determining the amounts reflected in the financial statements and related disclosures. Actual results could differ from those estimates.

New Accounting Pronouncements, Policy

We closely monitor all Accounting Standard Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) and other authoritative guidance.

Accounting Pronouncements Adopted

We adopted the following standards in 2024, none of which had a material effect on our consolidated financial statements.


2022-04 — Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations
2022-02 — Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
2022-01 — Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method
2021-08 — Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

Accounting Pronouncements to be Adopted

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and cash income taxes paid both in the U.S. and foreign jurisdictions. The effective date of the ASU is fiscal year 2026. We are assessing the effect of this update on our related disclosures.

We will also adopt the following standards in future periods, none of which are expected to have a material effect on our consolidated financial statements.


2023-07 — Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
2023-06 — Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative
2023-05 — Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement
2022-03 — Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions

Financing Receivables - Allowance for Credit Losses, Policy

We monitor the credit quality of financing receivables based on delinquency status, defined as follows:

●

Past due balances represent any payments 30 days or more past the due date.

●

Non-performing financing receivables represent receivables for which we have stopped accruing finance income. This generally occurs when receivables are 90 days delinquent.

●

Write-offs generally occur when receivables are 120 days delinquent. In these situations, the estimated uncollectible amount is written off to the allowance for credit losses. Any expected recovery is presented as non-performing.

Securitization of Financing Receivables, Policy

Our funding strategy includes receivable securitizations, which allows us to receive cash for financing receivables immediately. While these securitization programs are administered in various forms, they are accomplished in the following basic steps:

1.

We transfer financing receivables into a bankruptcy-remote special purpose entity (SPE).

2.

The SPE issues debt to investors. The debt is secured by the financing receivables.

3.

Investors are paid back based on cash receipts from the financing receivables.

As part of step 1, these receivables are legally isolated from the claims of our general creditors. This ensures cash receipts from the financing receivables are accessible to pay back securitization program investors. The structure of these transactions does not meet the accounting criteria for a sale of receivables. As a result, they are accounted for as a secured borrowing. The receivables and borrowings remain on our balance sheet and are separately reported as “Financing receivables securitized – net” and “Short-term securitization borrowings,” respectively.

- Definition

Disclosure of accounting policy for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security. Includes, but is not limited to, methodology used to estimate allowance for credit loss, how writeoff of uncollectible amount is recognized, and determination of past due status and nonaccrual status.

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+ Details

REVENUE RECOGNITION (Tables)

9 Months Ended

Jul. 28, 2024

REVENUE RECOGNITION

Schedule of Revenue Recognition

Our net sales and revenues by primary geographic market, major product line, and timing of revenue recognition follow:


	Three Months Ended July 28, 2024
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	2,839	$	1,824	$	1,967	$	1,076	$	7,706
Canada		489		207		183		191		1,070
Western Europe		522		542		432		64		1,560
Central Europe and CIS		201		70		106		12		389
Latin America		841		125		305		94		1,365
Asia, Africa, Oceania, and Middle East		350		360		300		52		1,062
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152

Major product lines:
Production agriculture	$	5,038							$	5,038
Small agriculture			$	2,168						2,168
Turf				825						825
Construction					$	1,308				1,308
Compact construction						643				643
Roadbuilding						961				961
Forestry						269				269
Financial products		65		33		8	$	1,489		1,595
Other		139		102		104				345
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152

Revenue recognized:
At a point in time	$	5,143	$	3,084	$	3,269	$	35	$	11,531
Over time		99		44		24		1,454		1,621
Total	$	5,242	$	3,128	$	3,293	$	1,489	$	13,152


	Nine Months Ended July 28, 2024
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	9,441	$	5,011	$	6,563	$	3,041	$	24,056
Canada		1,475		492		635		538		3,140
Western Europe		1,684		1,747		1,263		144		4,838
Central Europe and CIS		655		223		291		28		1,197
Latin America		2,510		326		895		346		4,077
Asia, Africa, Oceania, and Middle East		1,199		1,074		829		162		3,264
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572

Major product lines:
Production agriculture	$	16,336							$	16,336
Small agriculture			$	5,984						5,984
Turf				2,491						2,491
Construction					$	4,528				4,528
Compact construction						1,964				1,964
Roadbuilding						2,804				2,804
Forestry						832				832
Financial products		164		91		43	$	4,259		4,557
Other		464		307		305				1,076
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572

Revenue recognized:
At a point in time	$	16,707	$	8,753	$	10,395	$	97	$	35,952
Over time		257		120		81		4,162		4,620
Total	$	16,964	$	8,873	$	10,476	$	4,259	$	40,572


	Three Months Ended July 30, 2023
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	3,394	$	2,098	$	2,346	$	860	$	8,698
Canada		397		179		288		165		1,029
Western Europe		833		802		421		35		2,091
Central Europe and CIS		302		85		98		6		491
Latin America		1,326		220		371		117		2,034
Asia, Africa, Oceania, and Middle East		720		422		271		45		1,458
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801

Major product lines:
Production agriculture	$	6,721							$	6,721
Small agriculture			$	2,688						2,688
Turf				964						964
Construction					$	1,745				1,745
Compact construction						614				614
Roadbuilding						987				987
Forestry						334				334
Financial products		89		28		15	$	1,228		1,360
Other		162		126		100				388
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801

Revenue recognized:
At a point in time	$	6,857	$	3,769	$	3,767	$	30	$	14,423
Over time		115		37		28		1,198		1,378
Total	$	6,972	$	3,806	$	3,795	$	1,228	$	15,801


	Nine Months Ended July 30, 2023
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographic markets:
United States	$	10,079	$	6,005	$	6,807	$	2,339	$	25,230
Canada		1,303		514		865		468		3,150
Western Europe		2,092		2,254		1,278		95		5,719
Central Europe and CIS		897		420		263		26		1,606
Latin America		4,106		577		1,098		318		6,099
Asia, Africa, Oceania, and Middle East		1,709		1,291		906		129		4,035
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

Major product lines:
Production agriculture	$	19,565							$	19,565
Small agriculture			$	7,835						7,835
Turf				2,782						2,782
Construction					$	5,040				5,040
Compact construction						1,750				1,750
Roadbuilding						2,939				2,939
Forestry						1,119				1,119
Financial products		149		66		40	$	3,375		3,630
Other		472		378		329				1,179
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

Revenue recognized:
At a point in time	$	19,965	$	10,970	$	11,142	$	80	$	42,157
Over time		221		91		75		3,295		3,682
Total	$	20,186	$	11,061	$	11,217	$	3,375	$	45,839

OTHER COMPREHENSIVE INCOME ITEMS (Tables)

9 Months Ended

Jul. 28, 2024

OTHER COMPREHENSIVE INCOME ITEMS

Schedule of After-Tax Components of Accumulated Other Comprehensive Income (Loss)

The after-tax components of accumulated other comprehensive income (loss) follow:


	July 28		October 29		July 30
	2024		2023		2023
Retirement benefits adjustment	$	(974)	$	(845)	$	(656)
Cumulative translation adjustment		(2,264)		(2,151)		(1,669)
Unrealized gain (loss) on derivatives		(44)		(8)		(5)
Unrealized gain (loss) on debt securities		(86)		(110)		(81)
Total accumulated other comprehensive income (loss)	$	(3,368)	$	(3,114)	$	(2,411)

Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects

The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss).


	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended July 28, 2024	Amount		Credit		Amount
Cumulative translation adjustment	$	(170)			$	(170)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		(15)	$	3		(12)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(22)		5		(17)
Net unrealized gain (loss) on derivatives		(37)		8		(29)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		29		(6)		23
Net unrealized gain (loss) on debt securities		29		(6)		23
Retirement benefits adjustment:
Net actuarial gain (loss)		(19)		5		(14)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(18)		4		(14)
Prior service (credit) cost		8		(1)		7
Settlements		1		(1)
Net unrealized gain (loss) on retirement benefits adjustment		(28)		7		(21)
Total other comprehensive income (loss)	$	(206)	$	9	$	(197)


	Before		Tax		After
	Tax		(Expense)		Tax
Nine Months Ended July 28, 2024	Amount		Credit		Amount
Cumulative translation adjustment	$	(114)	$	1	$	(113)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		3				3
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(49)		10		(39)
Net unrealized gain (loss) on derivatives		(46)		10		(36)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		17		1		18
Reclassification of realized (gain) loss – Other income		8		(2)		6
Net unrealized gain (loss) on debt securities		25		(1)		24
Retirement benefits adjustment:
Net actuarial gain (loss)		(145)		35		(110)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(54)		14		(40)
Prior service (credit) cost		26		(6)		20
Settlements		2		(1)		1
Net unrealized gain (loss) on retirement benefits adjustment		(171)		42		(129)
Total other comprehensive income (loss)	$	(306)	$	52	$	(254)



	Before		Tax		After
	Tax		(Expense)		Tax
Three Months Ended July 30, 2023	Amount		Credit		Amount
Cumulative translation adjustment	$	143	$	1	$	144
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		24		(5)		19
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(18)		4		(14)
Net unrealized gain (loss) on derivatives		6		(1)		5
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		(16)		3		(13)
Net unrealized gain (loss) on debt securities		(16)		3		(13)
Retirement benefits adjustment:
Net actuarial gain (loss)		(1)				(1)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(20)		5		(15)
Prior service (credit) cost		9		(2)		7
Net unrealized gain (loss) on retirement benefits adjustment		(12)		3		(9)
Total other comprehensive income (loss)	$	121	$	6	$	127


	Before		Tax		After
	Tax		(Expense)		Tax
Nine Months Ended July 30, 2023	Amount		Credit		Amount
Cumulative translation adjustment	$	914	$	11	$	925
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)		19		(4)		15
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense		(52)		11		(41)
Net unrealized gain (loss) on derivatives		(33)		7		(26)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)		17		(4)		13
Net unrealized gain (loss) on debt securities		17		(4)		13
Retirement benefits adjustment:
Net actuarial gain (loss)		(351)		83		(268)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss		(61)		15		(46)
Prior service (credit) cost		28		(7)		21
Settlements		36		(10)		26
Net unrealized gain (loss) on retirement benefits adjustment		(348)		81		(267)
Total other comprehensive income (loss)	$	550	$	95	$	645

EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 28, 2024

EARNINGS PER SHARE

Reconciliation of Basic and Diluted Net Income Per Share

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


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Net income attributable to Deere & Company	$	1,734	$	2,978	$	5,855	$	7,797
Average shares outstanding		274.5		290.8		277.1		294.4
Basic per share	$	6.32	$	10.24	$	21.13	$	26.48

Average shares outstanding		274.5		290.8		277.1		294.4
Effect of dilutive stock options and restricted stock awards		1.1		1.3		1.1		1.5
Total potential shares outstanding		275.6		292.1		278.2		295.9
Diluted per share	$	6.29	$	10.20	$	21.04	$	26.35

Shares excluded from EPS calculation, as antidilutive		.4		.2		.3		.1

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Jul. 28, 2024

PENSION AND OTHER POSTRETIREMENT BENEFITS

Schedule of Components of Net Periodic Pension and OPEB (Benefit) Cost

The components of net periodic pension and OPEB (benefit) cost consisted of the following:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Pensions:
Service cost	$	56	$	62	$	171	$	186
Interest cost		136		133		410		400
Expected return on plan assets		(241)		(223)		(723)		(655)
Amortization of actuarial gain		(4)		(5)		(13)		(16)
Amortization of prior service cost		9		10		29		30
Settlements		1				2		36
Net benefit	$	(43)	$	(23)	$	(124)	$	(19)

OPEB:
Service cost	$	4	$	7	$	13	$	20
Interest cost		44		44		131		132
Expected return on plan assets		(27)		(29)		(81)		(87)
Amortization of actuarial gain		(14)		(15)		(41)		(45)
Amortization of prior service credit		(1)		(1)		(3)		(2)
Net cost	$	6	$	6	$	19	$	18

Schedule of Pension and OPEB Contributions and Expected Contributions

During the first nine months of 2024, we contributed and expect to contribute the following amounts to our pension and OPEB plans:


	Pensions		OPEB
Contributed	$	74	$	118
Expected contributions remainder of the year		26		22

SEGMENT DATA (Tables)

9 Months Ended

Jul. 28, 2024

SEGMENT DATA

Schedule of Segment Reporting Information

Information relating to operations by operating segment follows:


	Three Months Ended					Nine Months Ended
	July 28		July 30		%	July 28		July 30		%
	2024		2023		Change	2024		2023		Change
Net sales and revenues:
Production & precision ag net sales	$	5,099	$	6,806	-25	$	16,529	$	19,826	-17
Small ag & turf net sales		3,053		3,739	-18		8,663		10,886	-20
Construction & forestry net sales		3,235		3,739	-13		10,292		11,053	-7
Financial services revenues		1,489		1,228	+21		4,259		3,375	+26
Other revenues		276		289	-4		829		699	+19
Total net sales and revenues	$	13,152	$	15,801	-17	$	40,572	$	45,839	-11
Operating profit:
Production & precision ag	$	1,162	$	1,782	-35	$	3,857	$	5,160	-25
Small ag & turf		496		732	-32		1,393		2,028	-31
Construction & forestry		448		716	-37		1,682		2,179	-23
Financial services		191		286	-33		657		565	+16
Total operating profit		2,297		3,516	-35		7,589		9,932	-24
Reconciling items		62		98	-37		111		29	+283
Income taxes		(625)		(636)	-2		(1,845)		(2,164)	-15
Net income attributable to Deere & Company	$	1,734	$	2,978	-42	$	5,855	$	7,797	-25

Intersegment sales and revenues:
Production & precision ag net sales	$	4	$	9	-56	$	18	$	21	-14
Small ag & turf net sales				2	-100		2		10	-80
Construction & forestry net sales
Financial services revenues		178		217	-18		548		612	-10

Operating profit for PPA, SAT, and CF is income from continuing operations before corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, and income taxes. Operating profit of financial services includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain interest income and expenses, certain foreign exchange gains and losses, pension and OPEB benefit (cost) amounts excluding the service cost component, and net income attributable to noncontrolling interests.

Identifiable operating assets were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Production & precision ag	$	8,750	$	8,734	$	9,523
Small ag & turf		4,079		4,348		4,482
Construction & forestry		7,129		7,139		7,415
Financial services		74,981		70,732		68,850
Corporate		12,902		13,134		13,127
Total assets	$	107,841	$	104,087	$	103,397

FINANCING RECEIVABLES (Tables)

9 Months Ended

Jul. 28, 2024

Financing Receivables

Analysis of the Allowance for Credit Losses and Investment in Financing Receivables

An analysis of the allowance for credit losses and investment in financing receivables follows:


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended July 28, 2024
Allowance:
Beginning of period balance	$	207	$	21	$	2	$	230
Provision		84		25				109
Provision reversal for assets held for sale		(38)						(38)
Provision subtotal		46		25				71
Write-offs		(45)		(46)				(91)
Recoveries		4		8				12
Translation adjustments		(3)						(3)
End of period balance	$	209	$	8	$	2	$	219

Nine Months Ended July 28, 2024
Allowance:
Beginning of period balance	$	172	$	21	$	4	$	197
Provision		183		46				229
Provision reversal for assets held for sale		(38)						(38)
Provision subtotal		145		46				191
Write-offs		(112)		(81)				(193)
Recoveries		9		22				31
Translation adjustments		(5)				(2)		(7)
End of period balance	$	209	$	8	$	2	$	219

Financing receivables:
End of period balance	$	38,333	$	4,583	$	9,473	$	52,389


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended July 30, 2023
Allowance:
Beginning of period balance	$	157	$	19	$	4	$	180
Provision		14		11				25
Write-offs		(23)		(18)				(41)
Recoveries		5		6				11
Translation adjustments		1						1
End of period balance	$	154	$	18	$	4	$	176

Nine Months Ended July 30, 2023
Allowance:
Beginning of period balance	$	299	$	22	$	4	$	325
Provision		59		15		1		75
Provision reversal for assets held for sale		(142)						(142)
Provision (credit) subtotal		(83)		15		1		(67)
Write-offs		(60)		(36)				(96)
Recoveries		15		17				32
Translation adjustments		(17)				(1)		(18)
End of period balance	$	154	$	18	$	4	$	176

Financing receivables:
End of period balance	$	37,566	$	4,544	$	6,369	$	48,479

Write-offs by Year of Origination

Write-offs by year of origination were as follows:


	Nine Months Ended July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf	$	2	$	17	$	17	$	6	$	7	$	3	$	75	$	127
Construction and forestry		2		23		21		8		4		2		6		66
Total retail customer receivables	$	4	$	40	$	38	$	14	$	11	$	5	$	81	$	193

Retail Customer Receivables

Financing Receivables

Credit Quality Analysis

The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows:


	July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	10,349	$	9,686	$	5,849	$	3,286	$	1,276	$	394	$	4,409	$	35,249
30-59 days past due		37		90		56		28		10		4		31		256
60-89 days past due		15		65		25		12		5		2		10		134
90+ days past due				1		1		2		5						9
Non-performing		12		101		85		59		24		17		15		313
Construction and forestry
Current		2,261		2,067		1,249		583		147		60		111		6,478
30-59 days past due		40		59		34		14		4		1		4		156
60-89 days past due		12		25		14		9		2		1		1		64
90+ days past due		1		5		2		2				1				11
Non-performing		21		94		72		38		13		6		2		246
Total retail customer receivables	$	12,748	$	12,193	$	7,387	$	4,033	$	1,486	$	486	$	4,583	$	42,916


	October 29, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	15,191	$	8,430	$	5,120	$	2,334	$	853	$	280	$	4,526	$	36,734
30-59 days past due		62		75		39		21		9		3		29		238
60-89 days past due		18		26		18		10		4		2		9		87
90+ days past due		2		1		3		3								9
Non-performing		30		78		62		33		22		22		8		255
Construction and forestry
Current		2,927		1,961		1,084		353		84		29		119		6,557
30-59 days past due		49		34		27		9		4				4		127
60-89 days past due		19		14		12		5		2				2		54
90+ days past due				6		1						1				8
Non-performing		42		80		55		23		9		4		1		214
Total retail customer receivables	$	18,340	$	10,705	$	6,421	$	2,791	$	987	$	341	$	4,698	$	44,283


	July 30, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	10,554	$	9,701	$	5,792	$	2,779	$	1,080	$	402	$	4,388	$	34,696
30-59 days past due		59		85		53		26		13		4		21		261
60-89 days past due		19		30		17		10		5		1		7		89
90+ days past due				1												1
Non-performing		19		80		71		36		24		27		8		265
Construction and forestry
Current		2,167		2,200		1,284		449		124		39		114		6,377
30-59 days past due		39		46		38		13		5		2		4		147
60-89 days past due		12		23		16		8		2		1		1		63
90+ days past due				2		1		1								4
Non-performing		20		83		61		26		11		5		1		207
Total retail customer receivables	$	12,889	$	12,251	$	7,333	$	3,348	$	1,264	$	481	$	4,544	$	42,110

Wholesale Receivables

Financing Receivables

Credit Quality Analysis

The credit quality analysis of wholesale receivables by year of origination was as follows:


	July 28, 2024
	2024		2023		2022		2021		2020		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	557	$	232	$	36	$	7	$	1	$	1	$	7,326	$	8,160
30+ days past due		1														1
Non-performing												1				1
Construction and forestry
Current		13		12		4		19						1,260		1,308
30+ days past due														3		3
Non-performing
Total wholesale receivables	$	571	$	244	$	40	$	26	$	1	$	2	$	8,589	$	9,473


	October 29, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	631	$	93	$	21	$	4	$	1	$	160	$	5,175	$	6,085
30+ days past due
Non-performing										1						1
Construction and forestry
Current		23		5		20						76		712		836
30+ days past due
Non-performing
Total wholesale receivables	$	654	$	98	$	41	$	4		2	$	236	$	5,887	$	6,922


	July 30, 2023
	2023		2022		2021		2020		2019		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	449	$	139	$	28	$	7	$	1	$	1	$	4,940	$	5,565
30+ days past due
Non-performing										1						1
Construction and forestry
Current		20		6		23		1				1		752		803
30+ days past due
Non-performing
Total wholesale receivables	$	469	$	145	$	51	$	8	$	2	$	2	$	5,692	$	6,369

SECURITIZATION OF FINANCING RECEIVABLES (Tables)

9 Months Ended

Jul. 28, 2024

SECURITIZATION OF FINANCING RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of securitization programs were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Financing receivables securitized (retail notes)	$	8,313	$	7,357	$	7,019
Allowance for credit losses		(39)		(22)		(18)
Other assets (primarily restricted cash)		178		152		153
Total restricted securitized assets	$	8,452	$	7,487	$	7,154

Short-term securitization borrowings	$	7,869	$	6,995	$	6,608
Accrued interest on borrowings		14		13		15
Total liabilities related to restricted securitized assets	$	7,883	$	7,008	$	6,623

INVENTORIES (Tables)

9 Months Ended

Jul. 28, 2024

INVENTORIES

Major Classification of Inventories

If all inventories had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows:


	July 28		October 29		July 30
	2024		2023		2023
Raw materials and supplies	$	3,586	$	4,080	$	4,492
Work-in-process		988		1,010		1,307
Finished goods and parts		5,689		5,435		6,164
Total FIFO value		10,263		10,525		11,963
Excess of FIFO over LIFO		2,567		2,365		2,613
Inventories	$	7,696	$	8,160	$	9,350

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

9 Months Ended

Jul. 28, 2024

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

Changes in Goodwill by Operating Segments

The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses.


	Production &		Small Ag		Construction
	Precision Ag		& Turf		& Forestry		Total
Goodwill at October 30, 2022	$	646	$	318	$	2,723	$	3,687
Acquisitions		41		39				80
Translation adjustments		23		8		196		227
Goodwill at July 30, 2023	$	710	$	365	$	2,919	$	3,994

Goodwill at October 29, 2023	$	702	$	363	$	2,835	$	3,900
Translation adjustments		(1)		2		59		60
Goodwill at July 28, 2024	$	701	$	365	$	2,894	$	3,960

Components of Other Intangible Assets

The components of other intangible assets were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Customer lists and relationships	$	507	$	501	$	524
Technology, patents, trademarks, and other		1,413		1,387		1,415
Total at cost		1,920		1,888		1,939
Less accumulated amortization:
Customer lists and relationships		222		195		201
Technology, patents, trademarks, and other		668		560		539
Total accumulated amortization		890		755		740
Other intangible assets – net	$	1,030	$	1,133	$	1,199

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
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-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

SHORT-TERM BORROWINGS (Tables)

9 Months Ended

Jul. 28, 2024

SHORT-TERM BORROWINGS

Short-Term Borrowings

Short-term borrowings were as follows:


	July 28		October 29		July 30
	2024		2023		2023
Commercial paper	$	5,572	$	9,100	$	9,003
Notes payable to banks		418		483		352
Finance lease obligations due within one year		31		25		23
Long-term borrowings due within one year		9,273		8,331		7,765
Short-term borrowings	$	15,294	$	17,939	$	17,143

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Jul. 28, 2024

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:


	July 28		October 29		July 30
	2024		2023		2023
Accounts payable:
Trade payables	$	2,580	$	3,467	$	3,308
Dividends payable		407		388		365
Operating lease liabilities		258		281		308
Deposits withheld from dealers and merchants		151		163		158
Payables to unconsolidated affiliates		4		6		4
Other		173		153		173
Accrued expenses:
Employee benefits		1,802		2,152		1,808
Product warranties		1,513		1,610		1,619
Accrued taxes		1,497		1,558		1,595
Derivative liabilities		582		1,130		948
Dealer sales discounts		846		1,243		902
Extended warranty premium		1,129		1,021		999
Unearned revenue (contractual liability)		766		676		754
Unearned operating lease revenue		480		451		428
Accrued interest		478		434		402
Parts return liability		404		392		378
Other		1,327		1,005		1,191
Accounts payable and accrued expenses	$	14,397	$	16,130	$	15,340

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,535 at July 28, 2024, $2,228 at October 29, 2023, and $2,240 at July 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS (Tables)

9 Months Ended

Jul. 28, 2024

LONG-TERM BORROWINGS

Long-Term Borrowings

Long-term borrowings consisted of:


	July 28		October 29		July 30
	2024		2023		2023
Underwritten term debt
U.S. dollar notes and debentures:
2.75% notes due 2025			$	700	$	700
6.55% debentures due 2028	$	200		200		200
5.375% notes due 2029		500		500		500
3.10% notes due 2030		700		700		700
8.10% debentures due 2030		250		250		250
7.125% notes due 2031		300		300		300
3.90% notes due 2042		1,250		1,250		1,250
2.875% notes due 2049		500		500		500
3.75% notes due 2050		850		850		850
Euro notes:
1.85% notes due 2028 (€600 principal)		651		634		659
2.20% notes due 2032 (€600 principal)		651		634		659
1.65% notes due 2039 (€650 principal)		705		687		713
Serial issuances
Medium-term notes		36,057		29,638		29,355
Other notes and finance lease obligations		232		1,769		1,605
Less debt issuance costs and debt discounts		(154)		(135)		(129)
Long-term borrowings	$	42,692	$	38,477	$	38,112

Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. The principal balances of the medium-term notes were $36,716, $30,902, and $30,348, at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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+ Details

LEASES - LESSOR (Tables)

9 Months Ended

Jul. 28, 2024

LEASES - LESSOR

Schedule of Lease Revenues Earned

Lease revenues earned by us follow:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Sales-type and direct finance lease revenues	$	50	$	41	$	141	$	120
Operating lease revenues		358		332		1,039		974
Variable lease revenues		4				13		11
Total lease revenues	$	412	$	373	$	1,193	$	1,105

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Jul. 28, 2024

COMMITMENTS AND CONTINGENCIES

Warranty Reconciliation

The reconciliation of the changes in the warranty liability follows:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Beginning of period balance	$	1,566	$	1,562	$	1,610	$	1,427
Warranty claims paid		(325)		(314)		(959)		(851)
New product warranty accruals		280		363		871		1,006
Foreign exchange		(8)		8		(9)		37
End of period balance	$	1,513	$	1,619	$	1,513	$	1,619

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 28, 2024

FAIR VALUE MEASUREMENTS

Fair Values of Financial Instruments

The fair values of financial instruments that do not approximate the carrying values were as follows. Long-term borrowings exclude finance lease liabilities.


	July 28, 2024				October 29, 2023				July 30, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Financing receivables – net	$	43,896	$	43,713	$	43,673	$	42,777	$	41,302	$	40,675
Financing receivables securitized – net		8,274		8,139		7,335		7,056		7,001		6,818
Short-term securitization borrowings		7,869		7,872		6,995		6,921		6,608		6,538
Long-term borrowings due within one year		9,273		9,190		8,331		8,156		7,765		7,568
Long-term borrowings		42,617		42,076		38,428		36,873		38,064		37,121

Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis follow, excluding our cash equivalents, which were carried at a cost that approximates fair value and consisted of money market funds and time deposits.


	July 28		October 29		July 30
	2024		2023		2023
Level 1
Marketable securities:
International equity securities			$	3	$	3
International mutual funds securities				101
U.S. equity fund				86		101
U.S. fixed income fund				32		85
U.S. government debt securities	$	413		78		63
Total Level 1 marketable securities		413		300		252

Level 2
Marketable securities:
Corporate debt securities		220		244		221
International debt securities		145		1		2
Mortgage-backed securities		154		185		163
Municipal debt securities		69		75		69
U.S. government debt securities		127		141		134
Total Level 2 marketable securities		715		646		589
Other assets – Derivatives		361		292		324
Accounts payable and accrued expenses – Derivatives		582		1,130		948

Level 3
Accounts payable and accrued expenses – Deferred consideration		153		186		202

The mortgage-backed securities are primarily issued by U.S. government-sponsored enterprises.

Contractual Maturities of Debt Securities

The contractual maturities of available-for-sale debt securities at July 28, 2024 follow:


	Amortized		Fair
	Cost		Value
Due in one year or less	$	21	$	21
Due after one through five years		299		258
Due after five through 10 years		557		540
Due after 10 years		185		155
Mortgage-backed securities		182		154
Debt securities	$	1,244	$	1,128

Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Mortgage-backed securities contain prepayment provisions and are not categorized by contractual maturity.

Fair Value, Nonrecurring Level 3 Measurements from Impairments

Fair value, nonrecurring Level 3 measurements from impairments were as follows:


	Fair Value				Losses
					Three Months Ended			Nine Months Ended
	July 28		October 29	July 30	July 28		July 30	July 28		July 30
	2024		2023	2023	2024		2023	2024		2023
Assets held for sale	$	2,965			$	53		$	53

DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Jul. 28, 2024

DERIVATIVE INSTRUMENTS

Fair Values of Derivative Instruments in Consolidated Balance Sheets

Fair values of our derivative instruments and the associated notional amounts were as follows. Assets are recorded in “Other assets,” while liabilities are recorded in “Accounts payable and accrued expenses.”


	July 28, 2024						October 29, 2023						July 30, 2023
			Fair Value						Fair Value						Fair Value
	Notional		Assets		Liabilities		Notional		Assets		Liabilities		Notional		Assets		Liabilities
Cash flow hedges:
Interest rate contracts	$	3,475	$	14	$	18	$	1,500	$	45			$	1,500	$	48	$	3

Fair value hedges:
Interest rate contracts		15,165		119		486		12,691			$	970		12,160		4		729
Cross-currency interest rate contracts		975		16

Not designated as hedging instruments:
Interest rate contracts		13,656		103		59		13,853		169		98		13,233		221		109
Foreign exchange contracts		7,529		99		16		8,117		75		54		8,630		51		82
Cross-currency interest rate contracts		190		10		3		176		3		8		155				25

Amounts Recorded in the Consolidated Balance Sheets Related to Borrowings Designated in Fair Value Hedging Relationships

The amounts recorded in the consolidated balance sheets related to borrowings designated in fair value hedging relationships were as follows. Fair value hedging adjustments are included in the carrying amount of the hedged item.


	Active Hedging Relationships				Discontinued Hedging Relationships
	Carrying Amount		Cumulative Fair Value		Carrying Amount of		Cumulative Fair Value
	of Hedged Item		Hedging Amount		Formerly Hedged Item		Hedging Amount
July 28, 2024
Short-term borrowings	$	286	$	(4)	$	1,458	$	9
Long-term borrowings		15,386		(394)		8,414		(264)

October 29, 2023
Short-term borrowings					$	1,814	$	15
Long-term borrowings	$	11,660	$	(976)		7,144		(288)

July 30, 2023
Short-term borrowings					$	2,324	$	25
Long-term borrowings	$	11,379	$	(728)		6,319		(265)

Gains (Losses) Related to Derivative Instruments on Statements of Consolidated Income

The classification and gains (losses), including accrued interest expense, related to derivative instruments on the statements of consolidated income consisted of the following:


	Three Months Ended				Nine Months Ended
	July 28		July 30		July 28		July 30
	2024		2023		2024		2023
Fair Value Hedges
Interest rate contracts – Interest expense*	$	373	$	(375)	$	269	$	(146)

Cash Flow Hedges
Recognized in OCI:
Interest rate contracts – OCI (pretax)	$	(15)	$	24	$	3	$	19
Reclassified from OCI:
Interest rate contracts – Interest expense		22		18		49		52

Not Designated as Hedges
Interest rate contracts – Net sales			$	6
Interest rate contracts – Interest expense*	$	4		48	$	2	$	45
Foreign exchange contracts – Net sales		(3)		3				2
Foreign exchange contracts – Cost of sales		36		(78)		15		(14)
Foreign exchange contracts – Other operating expenses*		17		(142)		(118)		(157)
Total not designated	$	54	$	(163)	$	(101)	$	(124)

* Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.

Impact on Derivative Assets and Liabilities Related to Netting Arrangements and Collateral

Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities related to netting arrangements and collateral follows:


	Gross Amounts		Netting
	Recognized		Arrangements		Collateral		Net Amount
July 28, 2024
Assets	$	361	$	(154)			$	207
Liabilities		582		(154)	$	(269)		159

October 29, 2023
Assets	$	292	$	(152)			$	140
Liabilities		1,130		(152)	$	(659)		319

July 30, 2023
Assets	$	324	$	(160)	$	(28)	$	136
Liabilities		948		(160)		(435)		353

SHARE-BASED AWARDS (Tables)

9 Months Ended

Jul. 28, 2024

SHARE-BASED AWARDS

Restricted Stock Units Granted and Weighted-Average Grant Date Fair Values

During the nine months ended July 28, 2024, the restricted stock units (RSUs) granted in thousands of shares and the weighted-average grant date fair values, using the closing price of our common stock on the grant date, in dollars follow:

SPECIAL ITEMS (Tables)

9 Months Ended

Jul. 28, 2024

SPECIAL ITEMS

Schedule of Employee-Separation Programs' Pretax Expenses

The programs’ total pretax expenses are estimated to be approximately $150, with $124 recorded in the third quarter of 2024. The remaining expenses are expected to be recorded primarily in 2025. Payments made during the third quarter of 2024 with respect to these program expenses totaled $30. The expenses for the three months and nine months ended July 28, 2024 were recorded as follows:


	PPA		SAT		CF		FS		Total
Employee-Separation Programs:
Cost of sales	$	18	$	9	$	8			$	35
Research and development expenses		19		6		1				26
Selling, administrative and general expenses		25		14		11	$	9		59
Total operating profit decrease	$	62	$	29	$	20	$	9		120
Non-operating profit expenses*										4
Total									$	124

* Relates primarily to corporate expenses.

Schedule of Consolidated Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables

The major classes of the total consolidated assets and liabilities of BJD that were classified as held for sale and liabilities of BJD to other intercompany parties were as follows:


	July 28
	2024
Cash and cash equivalents	$	107
Trade accounts and notes receivable – net		231
Financing receivables – net		2,624
Deferred income taxes		42
Other miscellaneous assets*		14
Valuation allowance		(53)
Total assets held for sale	$	2,965

Short-term borrowings		563
Accounts payable and accrued expenses		101
Long-term borrowings		1,137
Retirement benefits and other liabilities		2
Total liabilities held for sale	$	1,803

Total intercompany payables	$	673

* Includes $1 restricted cash balance.

Schedule of Special Items

The following table summarizes the operating profit impact of the special items recorded for the three months and nine months ended July 28, 2024 and July 30, 2023.


	Three Months Ended										Nine Months Ended
	PPA		SAT		CF		FS		Total		PPA		SAT		CF		FS		Total
2024 Expense:
Employee-separation programs	$	62	$	29	$	20	$	9	$	120	$	62	$	29	$	20	$	9	$	120
BJD remeasurement								15		15								15		15
Total 2024 expense		62		29		20		24		135		62		29		20		24		135

2023 Expense:
Financing incentives correction																		173		173
Period over period change	$	62	$	29	$	20	$	24	$	135	$	62	$	29	$	20	$	(149)	$	(38)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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-Name Accounting Standards Codification
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
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-URI https://asc.fasb.org/1943274/2147483499/205-20-50-3

+ Details

ORGANIZATION AND CONSOLIDATION (Details)	3 Months Ended		9 Months Ended
ORGANIZATION AND CONSOLIDATION (Details)	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
ORGANIZATION AND CONSOLIDATION
Fiscal period duration	91 days	91 days	273 days	273 days

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Details)	Jul. 28, 2024
ASU 2022-04
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2022-02
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2022-01
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2021-08
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2023-09
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-07
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-06
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-05
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2022-03
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false

REVENUE RECOGNITION - Primary Geographic Market, Major Product Line, and Timing (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Revenue Recognition
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	11,531	14,423	35,952	42,157
Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	1,621	1,378	4,620	3,682
Production Agriculture
Revenue Recognition
Net sales	5,038	6,721	16,336	19,565
Small Agriculture
Revenue Recognition
Net sales	2,168	2,688	5,984	7,835
Turf
Revenue Recognition
Net sales	825	964	2,491	2,782
Construction
Revenue Recognition
Net sales	1,308	1,745	4,528	5,040
Compact Construction
Revenue Recognition
Net sales	643	614	1,964	1,750
Roadbuilding
Revenue Recognition
Net sales	961	987	2,804	2,939
Forestry
Revenue Recognition
Net sales	269	334	832	1,119
Financial Products
Revenue Recognition
Financial	1,595	1,360	4,557	3,630
Other
Revenue Recognition
Other net sales and revenues	345	388	1,076	1,179
United States
Revenue Recognition
Net sales and revenues	7,706	8,698	24,056	25,230
Canada
Revenue Recognition
Net sales and revenues	1,070	1,029	3,140	3,150
Western Europe
Revenue Recognition
Net sales and revenues	1,560	2,091	4,838	5,719
Central Europe and CIS
Revenue Recognition
Net sales and revenues	389	491	1,197	1,606
Latin America
Revenue Recognition
Net sales and revenues	1,365	2,034	4,077	6,099
Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	1,062	1,458	3,264	4,035
Production & Precision Ag (PPA)
Revenue Recognition
Net sales and revenues	5,242	6,972	16,964	20,186
Production & Precision Ag (PPA) \| Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	5,143	6,857	16,707	19,965
Production & Precision Ag (PPA) \| Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	99	115	257	221
Production & Precision Ag (PPA) \| Production Agriculture
Revenue Recognition
Net sales	5,038	6,721	16,336	19,565
Production & Precision Ag (PPA) \| Financial Products
Revenue Recognition
Financial	65	89	164	149
Production & Precision Ag (PPA) \| Other
Revenue Recognition
Other net sales and revenues	139	162	464	472
Production & Precision Ag (PPA) \| United States
Revenue Recognition
Net sales and revenues	2,839	3,394	9,441	10,079
Production & Precision Ag (PPA) \| Canada
Revenue Recognition
Net sales and revenues	489	397	1,475	1,303
Production & Precision Ag (PPA) \| Western Europe
Revenue Recognition
Net sales and revenues	522	833	1,684	2,092
Production & Precision Ag (PPA) \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	201	302	655	897
Production & Precision Ag (PPA) \| Latin America
Revenue Recognition
Net sales and revenues	841	1,326	2,510	4,106
Production & Precision Ag (PPA) \| Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	350	720	1,199	1,709
Small Ag & Turf (SAT)
Revenue Recognition
Net sales and revenues	3,128	3,806	8,873	11,061
Small Ag & Turf (SAT) \| Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	3,084	3,769	8,753	10,970
Small Ag & Turf (SAT) \| Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	44	37	120	91
Small Ag & Turf (SAT) \| Small Agriculture
Revenue Recognition
Net sales	2,168	2,688	5,984	7,835
Small Ag & Turf (SAT) \| Turf
Revenue Recognition
Net sales	825	964	2,491	2,782
Small Ag & Turf (SAT) \| Financial Products
Revenue Recognition
Financial	33	28	91	66
Small Ag & Turf (SAT) \| Other
Revenue Recognition
Other net sales and revenues	102	126	307	378
Small Ag & Turf (SAT) \| United States
Revenue Recognition
Net sales and revenues	1,824	2,098	5,011	6,005
Small Ag & Turf (SAT) \| Canada
Revenue Recognition
Net sales and revenues	207	179	492	514
Small Ag & Turf (SAT) \| Western Europe
Revenue Recognition
Net sales and revenues	542	802	1,747	2,254
Small Ag & Turf (SAT) \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	70	85	223	420
Small Ag & Turf (SAT) \| Latin America
Revenue Recognition
Net sales and revenues	125	220	326	577
Small Ag & Turf (SAT) \| Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	360	422	1,074	1,291
Construction & Forestry (CF)
Revenue Recognition
Net sales and revenues	3,293	3,795	10,476	11,217
Construction & Forestry (CF) \| Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	3,269	3,767	10,395	11,142
Construction & Forestry (CF) \| Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	24	28	81	75
Construction & Forestry (CF) \| Construction
Revenue Recognition
Net sales	1,308	1,745	4,528	5,040
Construction & Forestry (CF) \| Compact Construction
Revenue Recognition
Net sales	643	614	1,964	1,750
Construction & Forestry (CF) \| Roadbuilding
Revenue Recognition
Net sales	961	987	2,804	2,939
Construction & Forestry (CF) \| Forestry
Revenue Recognition
Net sales	269	334	832	1,119
Construction & Forestry (CF) \| Financial Products
Revenue Recognition
Financial	8	15	43	40
Construction & Forestry (CF) \| Other
Revenue Recognition
Other net sales and revenues	104	100	305	329
Construction & Forestry (CF) \| United States
Revenue Recognition
Net sales and revenues	1,967	2,346	6,563	6,807
Construction & Forestry (CF) \| Canada
Revenue Recognition
Net sales and revenues	183	288	635	865
Construction & Forestry (CF) \| Western Europe
Revenue Recognition
Net sales and revenues	432	421	1,263	1,278
Construction & Forestry (CF) \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	106	98	291	263
Construction & Forestry (CF) \| Latin America
Revenue Recognition
Net sales and revenues	305	371	895	1,098
Construction & Forestry (CF) \| Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	300	271	829	906
Financial Services (FS)
Revenue Recognition
Financial	1,489	1,228	4,259	3,375
Financial Services (FS) \| Revenue Recognized at a Point in Time
Revenue Recognition
Financial	35	30	97	80
Financial Services (FS) \| Revenue Recognized Over Time
Revenue Recognition
Financial	1,454	1,198	4,162	3,295
Financial Services (FS) \| Financial Products
Revenue Recognition
Financial	1,489	1,228	4,259	3,375
Financial Services (FS) \| United States
Revenue Recognition
Financial	1,076	860	3,041	2,339
Financial Services (FS) \| Canada
Revenue Recognition
Financial	191	165	538	468
Financial Services (FS) \| Western Europe
Revenue Recognition
Financial	64	35	144	95
Financial Services (FS) \| Central Europe and CIS
Revenue Recognition
Financial	12	6	28	26
Financial Services (FS) \| Latin America
Revenue Recognition
Financial	94	117	346	318
Financial Services (FS) \| Asia, Africa, Oceania, and Middle East
Revenue Recognition
Financial	$ 52	$ 45	$ 162	$ 129

REVENUE RECOGNITION - Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Deferred Revenue
Deferred revenue received	$ 1,895	$ 1,753	$ 1,895	$ 1,753	$ 1,697
Revenue recognized from deferred revenue	$ 126	$ 96	$ 484	$ 440

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Jul. 28, 2024 USD ($)
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 1,677
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-29
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 188
Period estimated revenue to be recognized	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 456
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-03
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 384
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-11-02
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 254
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-11-01
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 157
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-10-30
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 128
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-10-29
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 110
Period estimated revenue to be recognized	24 months

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Components (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ 23,062	$ 21,785	$ 23,048
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(3,368)	(3,114)	(2,411)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(974)	(845)	(656)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(2,264)	(2,151)	(1,669)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(44)	(8)	(5)
Unrealized Gain (Loss) on Debt Securities
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ (86)	$ (110)	$ (81)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (840)	$ (623)	$ (2,478)	$ (1,671)
Other operating expenses	(264)	(310)	(930)	(971)
Total other comprehensive income (loss), before tax	(206)	121	(306)	550
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	9	6	52	95
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	(197)	127	(254)	645
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	(170)	143	(114)	914
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit		1	1	11
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	(170)	144	(113)	925
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(15)	24	3	19
Total other comprehensive income (loss), before tax	(37)	6	(46)	(33)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	3	(5)		(4)
Total other comprehensive income (loss), tax (expense) credit	8	(1)	10	7
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(12)	19	3	15
Other comprehensive income (loss), net of income taxes	(29)	5	(36)	(26)
Unrealized Gain (Loss) on Derivatives \| Interest Rate Contracts (Swaps) \| Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Interest expense	(22)	(18)	(49)	(52)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	5	4	10	11
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(17)	(14)	(39)	(41)
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	29	(16)	17	17
Total other comprehensive income (loss), before tax	29	(16)	25	17
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(6)	3	1	(4)
Total other comprehensive income (loss), tax (expense) credit	(6)	3	(1)	(4)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	23	(13)	18	13
Other comprehensive income (loss), net of income taxes	23	(13)	24	13
Unrealized Gain (Loss) on Debt Securities \| Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other income			8
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit			(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax			6
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(19)	(1)	(145)	(351)
Total other comprehensive income (loss), before tax	(28)	(12)	(171)	(348)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	5		35	83
Total other comprehensive income (loss), tax (expense) credit	7	3	42	81
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(14)	(1)	(110)	(268)
Other comprehensive income (loss), net of income taxes	(21)	(9)	(129)	(267)
Actuarial (Gain) Loss \| Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(18)	(20)	(54)	(61)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	4	5	14	15
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(14)	(15)	(40)	(46)
Prior Service (Credit) Cost \| Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	8	9	26	28
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(2)	(6)	(7)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	7	$ 7	20	21
Settlements \| Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	1		2	36
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	$ (1)		(1)	(10)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax			$ 1	$ 26

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 1,734	$ 2,978	$ 5,855	$ 7,797
Average shares outstanding	274.5	290.8	277.1	294.4
Basic (in dollars per share)	$ 6.32	$ 10.24	$ 21.13	$ 26.48
Diluted Earnings Per Share
Average shares outstanding	274.5	290.8	277.1	294.4
Effect of dilutive stock options and restricted stock awards (in shares)	1.1	1.3	1.1	1.5
Total potential shares outstanding	275.6	292.1	278.2	295.9
Diluted (in dollars per share)	$ 6.29	$ 10.20	$ 21.04	$ 26.35
Shares excluded from EPS calculation, as antidilutive	0.4	0.2	0.3	0.1

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

PENSION AND OTHER POSTRETIREMENT BENEFITS - Components of Net Periodic (Benefit) Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Pensions
Net Periodic (Benefit) Cost
Service cost	$ 56	$ 62	$ 171	$ 186
Interest cost	$ 136	$ 133	$ 410	$ 400
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (241)	$ (223)	$ (723)	$ (655)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial gain	$ (4)	$ (5)	$ (13)	$ (16)
Location of amortization of actuarial gain	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost	$ 9	$ 10	$ 29	$ 30
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Settlements	$ 1		$ 2	$ 36
Location of settlements	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ (43)	$ (23)	$ (124)	$ (19)
OPEB
Net Periodic (Benefit) Cost
Service cost	4	7	13	20
Interest cost	$ 44	$ 44	$ 131	$ 132
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (27)	$ (29)	$ (81)	$ (87)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial gain	$ (14)	$ (15)	$ (41)	$ (45)
Location of amortization of actuarial gain	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost	$ (1)	$ (1)	$ (3)	$ (2)
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ 6	$ 6	$ 19	$ 18

PENSION AND OTHER POSTRETIREMENT BENEFITS - Employer Contributions (Details) $ in Millions	9 Months Ended
	Jul. 28, 2024 USD ($)
Pensions
Employer Contributions
Contributed	$ 74
Expected contributions remainder of the year	26
OPEB
Employer Contributions
Contributed	118
Expected contributions remainder of the year	$ 22

SEGMENT DATA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT DATA (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Net Sales and Revenues
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
% Change - Net sales and revenues	(17.00%)		(11.00%)
Operating Profit
Net income attributable to Deere & Company	$ 1,734	2,978	$ 5,855	7,797
% Change - Net income attributable to Deere & Company	(42.00%)		(25.00%)
Identifiable Assets
Total Assets	$ 107,841	103,397	$ 107,841	103,397	$ 104,087
Operating Segments (Other)
Reconciling items	$ 62	98	$ 111	29
% Change - Reconciling items	(37.00%)		283.00%
Income taxes	$ (625)	(636)	$ (1,845)	(2,164)
% Change - Income taxes	(2.00%)		(15.00%)
Operating Segment
Operating Profit
Total operating profit	$ 2,297	3,516	$ 7,589	9,932
% Change - Operating profit	(35.00%)		(24.00%)
Corporate
Identifiable Assets
Total Assets	$ 12,902	13,127	$ 12,902	13,127	13,134
Other Revenues
Net Sales and Revenues
Other revenues	$ 276	289	$ 829	699
% Change - Other revenues	(4.00%)		19.00%
Production & Precision Ag (PPA)
Net Sales and Revenues
Net sales and revenues	$ 5,242	6,972	$ 16,964	20,186
Production & Precision Ag (PPA) \| Operating Segment
Net Sales and Revenues
Intersegment sales and revenues	$ 4	9	$ 18	21
% Change - Intersegment sales and revenues	(56.00%)		(14.00%)
Operating Profit
Total operating profit	$ 1,162	1,782	$ 3,857	5,160
% Change - Operating profit	(35.00%)		(25.00%)
Identifiable Assets
Total Assets	$ 8,750	9,523	$ 8,750	9,523	8,734
Small Ag & Turf (SAT)
Net Sales and Revenues
Net sales and revenues	$ 3,128	3,806	8,873	11,061
Small Ag & Turf (SAT) \| Operating Segment
Net Sales and Revenues
Intersegment sales and revenues		2	$ 2	10
% Change - Intersegment sales and revenues	(100.00%)		(80.00%)
Operating Profit
Total operating profit	$ 496	732	$ 1,393	2,028
% Change - Operating profit	(32.00%)		(31.00%)
Identifiable Assets
Total Assets	$ 4,079	4,482	$ 4,079	4,482	4,348
Construction & Forestry (CF)
Net Sales and Revenues
Net sales and revenues	3,293	3,795	10,476	11,217
Construction & Forestry (CF) \| Operating Segment
Operating Profit
Total operating profit	$ 448	716	$ 1,682	2,179
% Change - Operating profit	(37.00%)		(23.00%)
Identifiable Assets
Total Assets	$ 7,129	7,415	$ 7,129	7,415	7,139
Financial Services (FS)
Net Sales and Revenues
Financial revenues	1,489	1,228	4,259	3,375
Financial Services (FS) \| Operating Segment
Net Sales and Revenues
Financial revenues	$ 1,489	1,228	$ 4,259	3,375
% Change - Financial revenues	21.00%		26.00%
Intersegment sales and revenues	$ 178	217	$ 548	612
% Change - Intersegment sales and revenues	(18.00%)		(10.00%)
Operating Profit
Total operating profit	$ 191	286	$ 657	565
% Change - Operating profit	(33.00%)		16.00%
Identifiable Assets
Total Assets	$ 74,981	68,850	$ 74,981	68,850	$ 70,732
Net Sales
Net Sales and Revenues
Net sales and revenues	11,387	14,284	35,484	41,765
Net Sales \| Production & Precision Ag (PPA) \| Operating Segment
Net Sales and Revenues
Net sales	$ 5,099	6,806	$ 16,529	19,826
% Change - Net sales	(25.00%)		(17.00%)
Net Sales \| Small Ag & Turf (SAT) \| Operating Segment
Net Sales and Revenues
Net sales	$ 3,053	3,739	$ 8,663	10,886
% Change - Net sales	(18.00%)		(20.00%)
Net Sales \| Construction & Forestry (CF) \| Operating Segment
Net Sales and Revenues
Net sales	$ 3,235	$ 3,739	$ 10,292	$ 11,053
% Change - Net sales	(13.00%)		(7.00%)

FINANCING RECEIVABLES - Delinquency Status (Details)	9 Months Ended
FINANCING RECEIVABLES - Delinquency Status (Details)	Jul. 28, 2024
FINANCING RECEIVABLES
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	false
Threshold for past due balances	30 days
Generally the threshold for a financing receivable to be considered non-performing	90 days
Generally the threshold when a receivable is delinquent and the estimated uncollectible amount is written off	120 days

FINANCING RECEIVABLES - Retail Notes, Financing Leases, and Revolving Charge Accounts Credit Quality Analysis (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Credit Quality Analysis
Total retail customer receivables	$ 52,389		$ 48,479
Retail Customer Receivables
Credit Quality Analysis
2024 and 2023, respectively	12,748	$ 18,340	12,889
2023 and 2022, respectively	12,193	10,705	12,251
2022 and 2021, respectively	7,387	6,421	7,333
2021 and 2020, respectively	4,033	2,791	3,348
2020 and 2019, respectively	1,486	987	1,264
Prior years	486	341	481
Revolving charge accounts	4,583	4,698	4,544
Total retail customer receivables	42,916	44,283	42,110
Retail Customer Receivables \| Agriculture and Turf \| 30-59 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	37	62	59
2023 and 2022, respectively	90	75	85
2022 and 2021, respectively	56	39	53
2021 and 2020, respectively	28	21	26
2020 and 2019, respectively	10	9	13
Prior years	4	3	4
Revolving charge accounts	31	29	21
Total retail customer receivables	256	238	261
Retail Customer Receivables \| Agriculture and Turf \| 60-89 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	15	18	19
2023 and 2022, respectively	65	26	30
2022 and 2021, respectively	25	18	17
2021 and 2020, respectively	12	10	10
2020 and 2019, respectively	5	4	5
Prior years	2	2	1
Revolving charge accounts	10	9	7
Total retail customer receivables	134	87	89
Retail Customer Receivables \| Agriculture and Turf \| 90 Days or Greater Past Due
Credit Quality Analysis
2024 and 2023, respectively		2
2023 and 2022, respectively	1	1	1
2022 and 2021, respectively	1	3
2021 and 2020, respectively	2	3
2020 and 2019, respectively	5
Total retail customer receivables	9	9	1
Retail Customer Receivables \| Agriculture and Turf \| Current
Credit Quality Analysis
2024 and 2023, respectively	10,349	15,191	10,554
2023 and 2022, respectively	9,686	8,430	9,701
2022 and 2021, respectively	5,849	5,120	5,792
2021 and 2020, respectively	3,286	2,334	2,779
2020 and 2019, respectively	1,276	853	1,080
Prior years	394	280	402
Revolving charge accounts	4,409	4,526	4,388
Total retail customer receivables	35,249	36,734	34,696
Retail Customer Receivables \| Agriculture and Turf \| Non-performing
Credit Quality Analysis
2024 and 2023, respectively	12	30	19
2023 and 2022, respectively	101	78	80
2022 and 2021, respectively	85	62	71
2021 and 2020, respectively	59	33	36
2020 and 2019, respectively	24	22	24
Prior years	17	22	27
Revolving charge accounts	15	8	8
Total retail customer receivables	313	255	265
Retail Customer Receivables \| Construction and Forestry \| 30-59 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	40	49	39
2023 and 2022, respectively	59	34	46
2022 and 2021, respectively	34	27	38
2021 and 2020, respectively	14	9	13
2020 and 2019, respectively	4	4	5
Prior years	1		2
Revolving charge accounts	4	4	4
Total retail customer receivables	156	127	147
Retail Customer Receivables \| Construction and Forestry \| 60-89 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	12	19	12
2023 and 2022, respectively	25	14	23
2022 and 2021, respectively	14	12	16
2021 and 2020, respectively	9	5	8
2020 and 2019, respectively	2	2	2
Prior years	1		1
Revolving charge accounts	1	2	1
Total retail customer receivables	64	54	63
Retail Customer Receivables \| Construction and Forestry \| 90 Days or Greater Past Due
Credit Quality Analysis
2024 and 2023, respectively	1
2023 and 2022, respectively	5	6	2
2022 and 2021, respectively	2	1	1
2021 and 2020, respectively	2		1
Prior years	1	1
Total retail customer receivables	11	8	4
Retail Customer Receivables \| Construction and Forestry \| Current
Credit Quality Analysis
2024 and 2023, respectively	2,261	2,927	2,167
2023 and 2022, respectively	2,067	1,961	2,200
2022 and 2021, respectively	1,249	1,084	1,284
2021 and 2020, respectively	583	353	449
2020 and 2019, respectively	147	84	124
Prior years	60	29	39
Revolving charge accounts	111	119	114
Total retail customer receivables	6,478	6,557	6,377
Retail Customer Receivables \| Construction and Forestry \| Non-performing
Credit Quality Analysis
2024 and 2023, respectively	21	42	20
2023 and 2022, respectively	94	80	83
2022 and 2021, respectively	72	55	61
2021 and 2020, respectively	38	23	26
2020 and 2019, respectively	13	9	11
Prior years	6	4	5
Revolving charge accounts	2	1	1
Total retail customer receivables	$ 246	$ 214	$ 207

FINANCING RECEIVABLES - Wholesale Receivables Credit Quality Analysis (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Credit Quality Analysis
Total wholesale receivables	$ 52,389		$ 48,479
Wholesale Receivables
Credit Quality Analysis
2024 and 2023, respectively	571	$ 654	469
2023 and 2022, respectively	244	98	145
2022 and 2021, respectively	40	41	51
2021 and 2020, respectively	26	4	8
2020 and 2019, respectively	1	2	2
Prior years	2	236	2
Revolving	8,589	5,887	5,692
Total wholesale receivables	9,473	6,922	6,369
Wholesale Receivables \| Agriculture and Turf \| 30+ Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	1
Total wholesale receivables	1
Wholesale Receivables \| Agriculture and Turf \| Current
Credit Quality Analysis
2024 and 2023, respectively	557	631	449
2023 and 2022, respectively	232	93	139
2022 and 2021, respectively	36	21	28
2021 and 2020, respectively	7	4	7
2020 and 2019, respectively	1	1	1
Prior years	1	160	1
Revolving	7,326	5,175	4,940
Total wholesale receivables	8,160	6,085	5,565
Wholesale Receivables \| Agriculture and Turf \| Non-performing
Credit Quality Analysis
2020 and 2019, respectively		1	1
Prior years	1
Total wholesale receivables	1	1	1
Wholesale Receivables \| Construction and Forestry \| 30+ Days Past Due
Credit Quality Analysis
Revolving	3
Total wholesale receivables	3
Wholesale Receivables \| Construction and Forestry \| Current
Credit Quality Analysis
2024 and 2023, respectively	13	23	20
2023 and 2022, respectively	12	5	6
2022 and 2021, respectively	4	20	23
2021 and 2020, respectively	19		1
Prior years		76	1
Revolving	1,260	712	752
Total wholesale receivables	$ 1,308	$ 836	$ 803

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Allowance:
Beginning of period balance	$ 230	$ 180	$ 197	$ 325
Provision	109	25	229	75
Provision (credit) subtotal	71		191	(67)
Write-offs	(91)	(41)	(193)	(96)
Recoveries	12	11	31	32
Translation adjustments	(3)	1	(7)	(18)
End of period balance	219	176	219	176
Financing receivables:
End of period balance	52,389	48,479	52,389	48,479
Brazil
Allowance:
Provision reversal for assets held for sale	(38)		(38)
Russia
Allowance:
Provision reversal for assets held for sale				(142)
Retail Customer Receivables
Allowance:
Write-offs			(193)
Financing receivables:
End of period balance	42,916	42,110	42,916	42,110	$ 44,283
Retail Notes & Financing Leases
Allowance:
Beginning of period balance	207	157	172	299
Provision	84	14	183	59
Provision (credit) subtotal	46		145	(83)
Write-offs	(45)	(23)	(112)	(60)
Recoveries	4	5	9	15
Translation adjustments	(3)	1	(5)	(17)
End of period balance	209	154	209	154
Financing receivables:
End of period balance	38,333	37,566	38,333	37,566
Retail Notes & Financing Leases \| Brazil
Allowance:
Provision reversal for assets held for sale	(38)		(38)
Retail Notes & Financing Leases \| Russia
Allowance:
Provision reversal for assets held for sale				(142)
Revolving Charge Accounts
Allowance:
Beginning of period balance	21	19	21	22
Provision	25	11	46	15
Provision (credit) subtotal	25		46	15
Write-offs	(46)	(18)	(81)	(36)
Recoveries	8	6	22	17
End of period balance	8	18	8	18
Financing receivables:
End of period balance	4,583	4,544	4,583	4,544
Wholesale Receivables
Allowance:
Beginning of period balance	2	4	4	4
Provision				1
Provision (credit) subtotal				1
Translation adjustments			(2)	(1)
End of period balance	2	4	2	4
Financing receivables:
End of period balance	$ 9,473	$ 6,369	$ 9,473	$ 6,369	$ 6,922

FINANCING RECEIVABLES - Write-offs by Year of Origination (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Write-offs by Year of Origination
Total	$ 91	$ 41	$ 193	$ 96
Retail Customer Receivables
Write-offs by Year of Origination
2024			4
2023			40
2022			38
2021			14
2020			11
Prior Years			5
Revolving Charge Accounts			81
Total			193
Retail Customer Receivables \| Agriculture and Turf
Write-offs by Year of Origination
2024			2
2023			17
2022			17
2021			6
2020			7
Prior Years			3
Revolving Charge Accounts			75
Total			127
Retail Customer Receivables \| Construction and Forestry
Write-offs by Year of Origination
2024			2
2023			23
2022			21
2021			8
2020			4
Prior Years			2
Revolving Charge Accounts			6
Total			$ 66

FINANCING RECEIVABLES - Modifications (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2024	Jul. 28, 2024
Modifications
Amortized cost of modified loans	$ 23	$ 67
Modifications (as a percent)	0.04%	0.13%
30-59 Days Past Due
Modifications
Amortized cost of modified loans		$ 4
60-89 Days Past Due
Modifications
Amortized cost of modified loans		3
90 Days or Greater Past Due
Modifications
Amortized cost of modified loans		1
Current
Modifications
Amortized cost of modified loans		56
Non-performing
Modifications
Amortized cost of modified loans		$ 3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Securitization of Financing Receivables
Other assets	$ 2,903	$ 2,503	$ 2,659
Total Assets	107,841	104,087	103,397
Short-term securitization borrowings	7,869	6,995	6,608
Accrued interest on borrowings - securitization transactions	14	13	15
Total liabilities related to restricted securitized assets	7,883	7,008	6,623
Securitized
Securitization of Financing Receivables
Financing receivables securitized (retail notes)	8,313	7,357	7,019
Allowance for credit losses	(39)	(22)	(18)
Other assets	178	152	153
Total Assets	$ 8,452	$ 7,487	$ 7,154

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
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-Paragraph 7
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (c)
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(b))
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-Topic 326
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

INVENTORIES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
INVENTORIES
Inventory cost methods	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember
Raw materials and supplies	$ 3,586	$ 4,080	$ 4,492
Work-in-process	988	1,010	1,307
Finished goods and parts	5,689	5,435	6,164
Total FIFO value	10,263	10,525	11,963
Excess of FIFO over LIFO	2,567	2,365	2,613
Inventories	$ 7,696	$ 8,160	$ 9,350

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 3,900	$ 3,687
Acquisitions		80
Translation adjustments	60	227
Goodwill - net, ending balance	3,960	3,994
Production & Precision Ag (PPA)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	702	646
Acquisitions		41
Translation adjustments	(1)	23
Goodwill - net, ending balance	701	710
Small Ag & Turf (SAT)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	363	318
Acquisitions		39
Translation adjustments	2	8
Goodwill - net, ending balance	365	365
Construction & Forestry (CF)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,835	2,723
Translation adjustments	59	196
Goodwill - net, ending balance	$ 2,894	$ 2,919

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Section 45
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-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-Paragraph 1
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Intangible Assets (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Amortized intangible assets:
Total at cost	$ 1,920	$ 1,888	$ 1,939
Total accumulated amortization	890	755	740
Other intangible assets - net	1,030	1,133	1,199
Customer Lists and Relationships
Amortized intangible assets:
Total at cost	507	501	524
Total accumulated amortization	222	195	201
Technology, Patents, Trademarks and Other
Amortized intangible assets:
Total at cost	1,413	1,387	1,415
Total accumulated amortization	$ 668	$ 560	$ 539

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 41	$ 42	$ 124	$ 126
Amortization expense of other intangible assets - remainder of 2024	49		49
Amortization expense of other intangible assets - 2025	145		145
Amortization expense of other intangible assets - 2026	121		121
Amortization expense of other intangible assets - 2027	119		119
Amortization expense of other intangible assets - 2028	87		87
Amortization expense of other intangible assets - 2029	$ 74		$ 74

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Short-term borrowings
Short-term borrowings	$ 15,294	$ 17,939	$ 17,143
Commercial Paper
Short-term borrowings
Short-term borrowings	5,572	9,100	9,003
Notes Payable to Banks
Short-term borrowings
Short-term borrowings	418	483	352
Finance Lease Obligations Due Within One Year
Short-term borrowings
Short-term borrowings	31	25	23
Long-term Borrowings Due Within One Year
Short-term borrowings
Short-term borrowings	$ 9,273	$ 8,331	$ 7,765

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Apr. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Oct. 30, 2022
Accounts payable:
Dividends payable	$ 407		$ 388	$ 365
Operating lease liabilities	$ 258		$ 281	$ 308
Location of operating lease, liability	Accounts payable and accrued expenses		Accounts payable and accrued expenses	Accounts payable and accrued expenses
Deposits withheld from dealers and merchants	$ 151		$ 163	$ 158
Other	173		153	173
Accrued expenses:
Employee benefits	1,802		2,152	1,808
Product warranties	1,513	$ 1,566	1,610	1,619	$ 1,562	$ 1,427
Accrued taxes	1,497		1,558	1,595
Derivative liabilities	582		1,130	948
Dealer sales discounts	846		1,243	902
Extended warranty premium	1,129		1,021	999
Unearned revenue (contractual liability)	766		676	754
Unearned operating lease revenue	480		451	428
Accrued interest	478		434	402
Parts return liability	404		392	378
Other	1,327		1,005	1,191
Accounts payable and accrued expenses	14,397		16,130	15,340
Eliminations \| Trade Accounts and Notes Receivable
Accrued expenses:
Dealer sales incentive accruals with a right of set-off against trade receivables	2,535		2,228	2,240
Nonrelated Party
Accounts payable:
Trade payables	2,580		3,467	3,308
Related Party
Accounts payable:
Trade payables	$ 4		$ 6	$ 4

LONG-TERM BORROWINGS (Details) € in Millions, $ in Millions	Jul. 28, 2024 USD ($)	Jul. 28, 2024 EUR (€)	Oct. 29, 2023 USD ($)	Oct. 29, 2023 EUR (€)	Jul. 30, 2023 USD ($)	Jul. 30, 2023 EUR (€)
Long-term borrowings
Less: debt issuance costs and debt discounts	$ (154)		$ (135)		$ (129)
Total long-term borrowings	42,692		38,477		38,112
2.75% Notes Due 2025
Long-term borrowings
Long-term borrowings, gross			$ 700		$ 700
Debt instrument, stated interest rate			2.75%	2.75%	2.75%	2.75%
6.55% Debentures Due 2028
Long-term borrowings
Long-term borrowings, gross	$ 200		$ 200		$ 200
Debt instrument, stated interest rate	6.55%	6.55%	6.55%	6.55%	6.55%	6.55%
5.375% Notes Due 2029
Long-term borrowings
Long-term borrowings, gross	$ 500		$ 500		$ 500
Debt instrument, stated interest rate	5.375%	5.375%	5.375%	5.375%	5.375%	5.375%
3.10% Notes Due 2030
Long-term borrowings
Long-term borrowings, gross	$ 700		$ 700		$ 700
Debt instrument, stated interest rate	3.10%	3.10%	3.10%	3.10%	3.10%	3.10%
8.10% Debentures Due 2030
Long-term borrowings
Long-term borrowings, gross	$ 250		$ 250		$ 250
Debt instrument, stated interest rate	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%
7.125% Notes Due 2031
Long-term borrowings
Long-term borrowings, gross	$ 300		$ 300		$ 300
Debt instrument, stated interest rate	7.125%	7.125%	7.125%	7.125%	7.125%	7.125%
3.90% Notes Due 2042
Long-term borrowings
Long-term borrowings, gross	$ 1,250		$ 1,250		$ 1,250
Debt instrument, stated interest rate	3.90%	3.90%	3.90%	3.90%	3.90%	3.90%
2.875% Notes Due 2049
Long-term borrowings
Long-term borrowings, gross	$ 500		$ 500		$ 500
Debt instrument, stated interest rate	2.875%	2.875%	2.875%	2.875%	2.875%	2.875%
3.75% Notes Due 2050
Long-term borrowings
Long-term borrowings, gross	$ 850		$ 850		$ 850
Debt instrument, stated interest rate	3.75%	3.75%	3.75%	3.75%	3.75%	3.75%
1.85% Notes Due 2028
Long-term borrowings
Long-term borrowings, gross	$ 651		$ 634		$ 659
Debt instrument, stated interest rate	1.85%	1.85%	1.85%	1.85%	1.85%	1.85%
Principal amount \| €		€ 600		€ 600		€ 600
2.20% Notes Due 2032
Long-term borrowings
Long-term borrowings, gross	$ 651		$ 634		$ 659
Debt instrument, stated interest rate	2.20%	2.20%	2.20%	2.20%	2.20%	2.20%
Principal amount \| €		€ 600		€ 600		€ 600
1.65% Notes Due 2039
Long-term borrowings
Long-term borrowings, gross	$ 705		$ 687		$ 713
Debt instrument, stated interest rate	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
Principal amount \| €		€ 650		€ 650		€ 650
Medium-term Notes
Long-term borrowings
Long-term borrowings, gross	$ 36,057		$ 29,638		$ 29,355
Principal amount	36,716		30,902		30,348
Other Notes and Finance Lease Obligations
Long-term borrowings
Long-term borrowings, gross	$ 232		$ 1,769		$ 1,605

LEASES - LESSOR - Lease Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
LEASES - LESSOR
Sales-type and direct finance lease revenues	$ 50	$ 41	$ 141	$ 120
Operating lease revenues	358	332	1,039	974
Variable lease revenues	4		13	11
Total lease revenues	$ 412	$ 373	$ 1,193	$ 1,105

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Warranty Liability Reconciliation
Beginning of period balance	$ 1,566	$ 1,562	$ 1,610	$ 1,427
Warranty claims paid	(325)	(314)	(959)	(851)
New product warranty accruals	280	363	871	1,006
Foreign exchange	(8)	8	(9)	37
End of period balance	$ 1,513	$ 1,619	$ 1,513	$ 1,619

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	9 Months Ended
	Jul. 28, 2024 USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 585
Restricted Assets and Other Miscellaneous Contingent Liabilities and Guarantees
Other miscellaneous contingent liabilities and guarantees	130
Accrued other miscellaneous contingent liabilities and guarantees	20
Other Assets
Restricted Assets and Other Miscellaneous Contingent Liabilities and Guarantees
Restricted assets	234
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	$ 151

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 7,869	$ 6,995	$ 6,608
Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,896	43,673	41,302
Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 7,872	$ 6,921	$ 6,538
Long-term borrowings due within one year	9,190	8,156	7,568
Long-term borrowings	42,076	36,873	37,121
Held-to-maturity marketable security	12
Level 3 \| Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,713	42,777	40,675
Level 3 \| Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,139	$ 7,056	$ 6,818
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Carrying Value
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 7,869	$ 6,995	$ 6,608
Long-term borrowings due within one year	9,273	8,331	7,765
Long-term borrowings	42,617	38,428	38,064
Held-to-maturity marketable security	12
Carrying Value \| Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,896	43,673	41,302
Carrying Value \| Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities	$ 1,140	$ 946	$ 841
Derivative assets	361	292	324
Derivative liabilities	582	1,130	948
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	413
Marketable Securities		300	252
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| International Equity Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		3	3
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| International Mutual Funds Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		101
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| U.S. Equity Funds
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		86	101
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| U.S. Fixed Income Fund
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		32	85
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	413
Marketable Securities		78	63
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	715
Marketable Securities		646	589
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	361	292	324
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	582	1,130	948
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Corporate Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	220
Marketable Securities		244	221
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| International Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	145
Marketable Securities		1	2
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Mortgage-backed Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	154
Marketable Securities		185	163
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Municipal Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	69
Marketable Securities		75	69
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	127
Marketable Securities		141	134
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 3 \| Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Deferred consideration	$ 153	$ 186	$ 202

FAIR VALUE MEASUREMENTS - Contractual Maturities of Available-for-sale Debt Securities (Details) $ in Millions	Jul. 28, 2024 USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 21
Amortized cost, due after one through five years	299
Amortized cost, due after five through 10 years	557
Amortized cost, due after 10 years	185
Amortized cost, mortgage-backed securities	182
Amortized cost, debt securities	1,244
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	21
Fair value, due after one through five years	258
Fair value, due after five through 10 years	540
Fair value, due after 10 years	155
Fair value, mortgage-backed securities	154
Fair value, debt securities	$ 1,128

FAIR VALUE MEASUREMENTS - Nonrecurring Level 3 Measurements (Details) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2024 USD ($)	Jul. 28, 2024 USD ($)
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets held for sale	$ 2,965	$ 2,965
Losses, Assets held for sale		53
Fair Value, Nonrecurring Measurements \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets held for sale	2,965	2,965
Losses, Assets held for sale	$ 53	$ 53

DERIVATIVE INSTRUMENTS - Fair Values (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Fair Values of Derivative Instruments
Derivative assets	$ 361	$ 292	$ 324
Derivative liabilities	582	1,130	948
Designated as Hedging Instruments \| Cash Flow Hedges \| Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	3,475	1,500	1,500
Designated as Hedging Instruments \| Cash Flow Hedges \| Interest Rate Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	14	45	48
Designated as Hedging Instruments \| Cash Flow Hedges \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	18		3
Designated as Hedging Instruments \| Fair Value Hedges \| Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	15,165	12,691	12,160
Designated as Hedging Instruments \| Fair Value Hedges \| Interest Rate Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	119		4
Designated as Hedging Instruments \| Fair Value Hedges \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	486	970	729
Designated as Hedging Instruments \| Fair Value Hedges \| Cross-Currency Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	975
Designated as Hedging Instruments \| Fair Value Hedges \| Cross-Currency Interest Rate Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	16
Not Designated as Hedging Instruments \| Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	13,656	13,853	13,233
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	103	169	221
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	59	98	109
Not Designated as Hedging Instruments \| Foreign Exchange Contracts
Fair Values of Derivative Instruments
Notional	7,529	8,117	8,630
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	99	75	51
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	16	54	82
Not Designated as Hedging Instruments \| Cross-Currency Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	190	176	155
Not Designated as Hedging Instruments \| Cross-Currency Interest Rate Contracts \| Other Assets
Fair Values of Derivative Instruments
Derivative assets	10	3
Not Designated as Hedging Instruments \| Cross-Currency Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	$ 3	$ 8	$ 25

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Fair Value Hedges - Interest Rate Contracts - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Active Hedging Relationships
Carrying Amount of Hedged Item		$ 11,660	$ 11,379
Location of hedged item		Long-term borrowings	Long-term borrowings
Short-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item	$ 286
Cumulative Fair Value Hedging Amount	(4)
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	1,458	$ 1,814	$ 2,324
Cumulative Fair Value Hedging Amount - Discontinued	9	15	25
Long-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item	15,386
Cumulative Fair Value Hedging Amount	(394)	(976)	(728)
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	8,414	7,144	6,319
Cumulative Fair Value Hedging Amount - Discontinued	$ (264)	$ (288)	$ (265)

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statements of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 54	$ (163)	$ (101)	$ (124)
Interest Rate Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(15)	24	3	19
Interest Rate Contracts \| Net Sales Related to Derivative Instruments
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)		6
Interest Rate Contracts \| Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	373	(375)	269	(146)
Cash flow hedges, reclassified from OCI	22	18	49	52
Not designated as hedges, gains (losses)	4	48	2	45
Foreign Exchange Contracts \| Net Sales Related to Derivative Instruments
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(3)	3		2
Foreign Exchange Contracts \| Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	36	(78)	15	(14)
Foreign Exchange Contracts \| Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 17	$ (142)	$ (118)	$ (157)

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Derivative instruments
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 566	$ 1,076	$ 865
Cash collateral posted	269	659	435
Derivative Assets
Gross amounts recognized	361	292	324
Netting arrangements	(154)	(152)	(160)
Collateral received			(28)
Net amount	207	140	136
Derivative Liabilities
Gross amounts recognized	582	1,130	948
Netting arrangements	(154)	(152)	(160)
Collateral paid	(269)	(659)	(435)
Net amount	159	319	353
International Futures Market
Derivative instruments
Collateral paid to participate in an international futures market	$ 8	$ 8	$ 8

SHARE-BASED AWARDS - Stock Options (Details) - $ / shares shares in Thousands	1 Months Ended
	Dec. 24, 2023	Jul. 28, 2024
Share-based Awards, Aggregate Disclosures
Number of outstanding shares authorized for grant related to stock options and restricted stock units		14,900
Stock Options
Share-based Awards, Aggregate Disclosures
Options granted (in shares)	216
Options granted, exercise price (in dollars per share)	$ 377.01
Options granted, fair value (in dollars per share)	$ 98.04
Options outstanding (in shares)		1,700
Options outstanding, weighted-average exercise price (in dollars per share)		$ 228.10
Fair value assumption method used	us-gaap:BinomialModelMember

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)(2)
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

SHARE-BASED AWARDS - Restricted Stock Units Granted and Weighted-Average Grant Date Fair Values (Details) - $ / shares shares in Thousands	1 Months Ended	9 Months Ended
	Dec. 24, 2023	Jul. 28, 2024
Restricted Stock Units Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		378
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 377.37
Restricted Stock Units Performance/Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		52
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 360.53
Restricted Stock Units Market/Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		52
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 370.87
Vesting period under share-based incentive plans	3 years
Fair value assumption method used		us-gaap:MonteCarloModelMember
Restricted Stock Units Market/Service-Based \| Minimum
Share-based Awards, Aggregate Disclosures
Percent of common stock that may be awarded based on metric	0.00%
Restricted Stock Units Market/Service-Based \| Maximum
Share-based Awards, Aggregate Disclosures
Percent of common stock that may be awarded based on metric	200.00%

DISPOSITION (Details) - USD ($) $ in Millions	Mar. 07, 2023	Jul. 28, 2024
Disposition
Total assets		$ 2,965
Total liabilities		$ 1,803
Sale of Financial Services Business in Russia \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Financial Services (FS)
Disposition
Total proceeds, net of restricted cash sold	$ 36
Total assets	31
Total liabilities	5
Cumulative translation loss	$ (10)

SPECIAL ITEMS - Employee-Separation Programs (Details) - Employee-Separation Programs - USD ($) $ in Millions	3 Months Ended	9 Months Ended	18 Months Ended
	Jul. 28, 2024	Jul. 28, 2024	Nov. 02, 2025
Special Items
Employee-separation programs' pretax expenses	$ 124	$ 124
Payments for employee-separation programs	30
Operating Segment
Special Items
Employee-separation programs' pretax expenses	120	120
Operating Segment \| Cost of Sales
Special Items
Employee-separation programs' pretax expenses	35	35
Operating Segment \| Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	26	26
Operating Segment \| Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	59	59
Operating Segment \| Production & Precision Ag (PPA)
Special Items
Employee-separation programs' pretax expenses	62	62
Operating Segment \| Production & Precision Ag (PPA) \| Cost of Sales
Special Items
Employee-separation programs' pretax expenses	18	18
Operating Segment \| Production & Precision Ag (PPA) \| Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	19	19
Operating Segment \| Production & Precision Ag (PPA) \| Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	25	25
Operating Segment \| Small Ag & Turf (SAT)
Special Items
Employee-separation programs' pretax expenses	29	29
Operating Segment \| Small Ag & Turf (SAT) \| Cost of Sales
Special Items
Employee-separation programs' pretax expenses	9	9
Operating Segment \| Small Ag & Turf (SAT) \| Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	6	6
Operating Segment \| Small Ag & Turf (SAT) \| Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	14	14
Operating Segment \| Construction & Forestry (CF)
Special Items
Employee-separation programs' pretax expenses	20	20
Operating Segment \| Construction & Forestry (CF) \| Cost of Sales
Special Items
Employee-separation programs' pretax expenses	8	8
Operating Segment \| Construction & Forestry (CF) \| Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	1	1
Operating Segment \| Construction & Forestry (CF) \| Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	11	11
Operating Segment \| Financial Services (FS)
Special Items
Employee-separation programs' pretax expenses	9	9
Operating Segment \| Financial Services (FS) \| Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	9	9
Corporate
Special Items
Employee-separation programs' pretax expenses	$ 4	$ 4
Forecasted
Special Items
Employee-separation programs' pretax expenses			$ 150

SPECIAL ITEMS - Banco John Deere S.A. (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 25, 2024	Jul. 28, 2024	Jul. 28, 2024
Special Items
Valuation allowance on assets held for sale			$ 53
Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables
Total assets held for sale		$ 2,965	2,965
Total liabilities held for sale		1,803	1,803
Financial Services (FS) \| Subsequent Events
Special Items
Percentage of ownership to be sold (as a percent)	50.00%
Percentage of ownership after the sale (as a percent)	50.00%
Sale of Banco John Deere S.A. (BJD) \| Financial Services (FS) \| Related Party
Special Items
Total intercompany payables		$ 673	673
Sale of Banco John Deere S.A. (BJD) \| Disposal Group, Held-for-Sale, Not Discontinued Operations \| Financial Services (FS)
Special Items
Percentage of ownership to be sold (as a percent)		50.00%
Reversal of allowance for credit losses		$ 38
Valuation allowance on assets held for sale		53
Net loss impact from sale		$ 15
Location of net loss impact from sale		Selling, administrative and general expenses
Net loss impact from sale, after-tax		$ 15
Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables
Cash and cash equivalents		107	107
Trade accounts and notes receivable - net		231	231
Financing receivables - net		2,624	2,624
Deferred income taxes		42	42
Other miscellaneous assets		14	14
Valuation allowance		(53)	(53)
Total assets held for sale		2,965	2,965
Short-term borrowings		563	563
Accounts payable and accrued expenses		101	101
Long-term borrowings		1,137	1,137
Retirement benefits and other liabilities		2	2
Total liabilities held for sale		1,803	1,803
Restricted cash		$ 1	$ 1

SPECIAL ITEMS - Redeemable Noncontrolling Interest (Details) - SurePoint Ag Systems, Inc. $ in Millions	3 Months Ended
	Jul. 28, 2024 USD ($)
Redeemable Noncontrolling Interest
Noncontrolling interest redemption (as a percent)	20.00%
Noncontrolling interest redemption gain or loss	$ 0

SPECIAL ITEMS - Brazil Tax Ruling (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Special Items
Provision (credit) for income taxes	$ 625	$ 636	$ 1,845	$ 2,164
Brazil \| Foreign Tax Authority
Special Items
Provision (credit) for income taxes		(243)
Interest income		$ 47

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

SPECIAL ITEMS - Financial Services Financing Incentives Correction (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jan. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Financial Services Financing Incentives
Selling, administrative and general expenses		$ 1,278	$ 1,110	$ 3,608	$ 3,392
Revision of Prior Period, Error Correction, Adjustment \| Financial Services (FS)
Financial Services Financing Incentives
Selling, administrative and general expenses	$ 173
Financing incentives correction, after-tax	$ 135
Type of error correction	de:CorrectionOfTimingAndExpenseClassificationForPortionOfFinancialServicesIncentiveProgramsMember
Error Correction, Previously Immaterial [true false]	true

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SPECIAL ITEMS - Operating Profit Impact (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Special Items
Selling, administrative and general expenses	$ 1,278	$ 1,110	$ 3,608	$ 3,392
Operating Segment
Special Items
Total 2024 expense	135		135
Period over period change	135		(38)
Operating Segment \| Production & Precision Ag (PPA)
Special Items
Total 2024 expense	62		62
Period over period change	62		62
Operating Segment \| Small Ag & Turf (SAT)
Special Items
Total 2024 expense	29		29
Period over period change	29		29
Operating Segment \| Construction & Forestry (CF)
Special Items
Total 2024 expense	20		20
Period over period change	20		20
Operating Segment \| Financial Services (FS)
Special Items
Total 2024 expense	24		24
Period over period change	24		(149)
Employee-Separation Programs
Special Items
Employee-separation programs	124		124
Employee-Separation Programs \| Operating Segment
Special Items
Employee-separation programs	120		120
Employee-Separation Programs \| Operating Segment \| Production & Precision Ag (PPA)
Special Items
Employee-separation programs	62		62
Employee-Separation Programs \| Operating Segment \| Small Ag & Turf (SAT)
Special Items
Employee-separation programs	29		29
Employee-Separation Programs \| Operating Segment \| Construction & Forestry (CF)
Special Items
Employee-separation programs	20		20
Employee-Separation Programs \| Operating Segment \| Financial Services (FS)
Special Items
Employee-separation programs	9		9
BJD remeasurement \| Operating Segment
Special Items
Net loss impact from sale	$ 15		$ 15
Location of net loss impact from sale	Selling, administrative and general expenses		Selling, administrative and general expenses
BJD remeasurement \| Operating Segment \| Financial Services (FS)
Special Items
Net loss impact from sale	$ 15		$ 15
Location of net loss impact from sale	Selling, administrative and general expenses		Selling, administrative and general expenses
Financing Incentive Correction \| Operating Segment
Special Items
Selling, administrative and general expenses				173
Financing Incentive Correction \| Operating Segment \| Financial Services (FS)
Special Items
Selling, administrative and general expenses				$ 173

SUBSEQUENT EVENTS - Banco John Deere S.A. (Details)	1 Months Ended
SUBSEQUENT EVENTS - Banco John Deere S.A. (Details)	Aug. 25, 2024
Subsequent Events \| Financial Services (FS)
Subsequent Events
Percentage of ownership to be sold (as a percent)	50.00%

SUBSEQUENT EVENTS - Quarterly Dividend (Details) - $ / shares	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 28, 2024	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Subsequent Events
Quarterly dividend declared (in dollars per share)		$ 1.47	$ 1.25	$ 4.41	$ 3.70
Subsequent Events \| Third Quarter 2024 Dividend
Subsequent Events
Dividend declared date	Aug. 28, 2024
Quarterly dividend declared (in dollars per share)	$ 1.47
Dividend payable date	Nov. 08, 2024
Stockholders of record date	Sep. 30, 2024

Grant Date

Fair Value

Service-based

Performance/service-based

Market/service-based