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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Apr. 28, 2024
Apr. 30, 2023
Net Sales and Revenues        
Net sales and revenues $ 15,235 $ 17,387 $ 27,420 $ 30,038 Close
Costs and Expenses        
Research and development expenses 565 547 1,098 1,043
Selling, administrative and general expenses 1,265 1,330 2,330 2,283
Interest expense 836 569 1,638 1,049
Other operating expenses 295 363 664 660
Total 12,118 13,539 22,087 23,698
Income of Consolidated Group before Income Taxes 3,117 3,848 5,333 6,340 Close
Provision for income taxes 751 991 1,220 1,528 Close
Income of Consolidated Group 2,366 2,857 4,113 4,812
Equity in income of unconsolidated affiliates 2 2 3 3 Close
Net Income 2,368 2,859 4,116 4,815 Close
Less: Net loss attributable to noncontrolling interests (2) (1) (5) (4)
Net Income Attributable to Deere & Company $ 2,370 $ 2,860 $ 4,121 $ 4,819
Per Share Data        
Basic (in dollars per share) $ 8.56 $ 9.69 $ 14.80 $ 16.26
Diluted (in dollars per share) 8.53 9.65 14.74 16.18
Dividends declared (in dollars per share) 1.47 1.25 2.94 2.45
Dividends paid (in dollars per share) $ 1.47 $ 1.20 $ 2.82 $ 2.33
Average Shares Outstanding        
Basic (in shares) 276.8 295.1 278.4 296.3
Diluted (in shares) 277.9 296.5 279.5 297.8
Net Sales        
Net Sales and Revenues        
Net sales and revenues $ 13,610 $ 16,079 $ 24,097 $ 27,481
Cost of Sales        
Cost of sales 9,157 10,730 16,357 18,663
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 1,387 1,079 2,746 2,073
Other income        
Net Sales and Revenues        
Net sales and revenues $ 238 $ 229 $ 577 $ 484