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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Oct. 29, 2023
Oct. 30, 2022
Oct. 31, 2021
Net Sales and Revenues      
Net sales and revenues $ 61,251 $ 52,577 $ 44,024 Close
Costs and Expenses      
Research and development expenses 2,177 1,912 1,587
Selling, administrative and general expenses 4,595 3,863 3,383
Interest expense 2,453 1,062 993
Other operating expenses 1,292 1,275 1,343
Total 48,232 43,450 36,422
Income of Consolidated Group before Income Taxes 13,019 9,127 7,602 Close
Provision for income taxes 2,871 2,007 1,658 Close
Income of Consolidated Group 10,148 7,120 5,944
Equity in income of unconsolidated affiliates 7 10 21 Close
Net Income 10,155 7,130 5,965 Close
Less: Net income (loss) attributable to noncontrolling interests (11) (1) 2
Net Income Attributable to Deere & Company $ 10,166 $ 7,131 $ 5,963
Per Share Data      
Basic (in dollars per share) $ 34.80 $ 23.42 $ 19.14
Diluted (in dollars per share) 34.63 23.28 18.99
Dividends declared (in dollars per share) 5.05 4.36 3.61
Dividends paid (in dollars per share) $ 4.83 $ 4.28 $ 3.32
Average Shares Outstanding (In millions of shares)      
Basic (in shares) 292.2 304.5 311.6
Diluted (in shares) 293.6 306.3 314.0
Net Sales      
Net Sales and Revenues      
Net sales and revenues $ 55,565 $ 47,917 $ 39,737
Cost of Sales      
Cost of sales 37,715 35,338 29,116
Finance and Interest Income      
Net Sales and Revenues      
Net sales and revenues 4,683 3,365 3,296
Other income      
Net Sales and Revenues      
Net sales and revenues $ 1,003 $ 1,295 $ 991