Deere John Capital (DE22B) 10-Q 1 Sep 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Jul. 31, 2016shares
Document and Entity Information
Entity Registrant Name	DEERE JOHN CAPITAL CORP
Entity Central Index Key	27,673
Document Type	10-Q
Document Period End Date	Jul. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	2,500
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Statement of Consolidated Incom

Statement of Consolidated Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Revenues
Finance income earned on retail notes	$ 171.8	$ 174.5	$ 521.4	$ 544.6
Revolving charge account income	73	66.2	184.7	171.6
Finance income earned on wholesale receivables	94	97.5	271.2	287
Lease revenues	189.6	149.2	544	414.3
Other income - net	10.2	6	31.4	27.7
Total revenues	538.6	493.4	1,552.7	1,445.2
Expenses
Interest expense	109.8	78.8	305	231.1
Operating expenses:
Administrative and operating expenses	102.1	84.4	347	266.4
Fees paid to John Deere	10.3	7.8	35.6	39
Provision for credit losses	29.8	17.4	57.4	29.5
Depreciation of equipment on operating leases	145.2	107.1	409.7	298.2
Total operating expenses	287.4	216.7	849.7	633.1
Total expenses	397.2	295.5	1,154.7	864.2
Income of consolidated group before income taxes	141.4	197.9	398	581
Provision for income taxes	51.2	71.1	139.4	205.5
Income of consolidated group	90.2	126.8	258.6	375.5
Equity in income of unconsolidated affiliate	0.2	0.1	1.2	0.9
Net income	90.4	126.9	259.8	376.4
Less: Net loss attributable to noncontrolling interests			(0.1)
Net income attributable to the Company	$ 90.4	$ 126.9	$ 259.9	$ 376.4

Statement of Consolidated Compr

Statement of Consolidated Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Statement of Consolidated Comprehensive Income
Net income	$ 90.4	$ 126.9	$ 259.8	$ 376.4
Other comprehensive income (loss), net of income taxes
Cumulative translation adjustment	(22.3)	(14.9)	(15.3)	(60.7)
Unrealized gain (loss) on derivatives		(0.7)	1	(0.7)
Other comprehensive income (loss), net of income taxes	(22.3)	(15.6)	(14.3)	(61.4)
Comprehensive income of consolidated group	68.1	111.3	245.5	315
Less: Comprehensive loss attributable to noncontrolling interests			(0.1)
Comprehensive income attributable to the Company	$ 68.1	$ 111.3	$ 245.6	$ 315

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Assets
Cash and cash equivalents	$ 1,083.7	$ 1,163.7	$ 1,090.3
Receivables:
Total receivables	28,873.4	29,092.4	30,372.7
Allowance for credit losses	(113.3)	(109.8)	(109.8)
Total receivables - net	28,760.1	28,982.6	30,262.9
Other receivables	65.8	49.2	51.4
Receivables from John Deere	407.3	253.1	225.1
Equipment on operating leases - net	4,167.7	3,609.8	3,136.9
Investment in unconsolidated affiliate	11.6	10.5	10.2
Deferred income taxes	25.6	25.8	21
Other assets	661.2	558.1	536.1
Total Assets	35,183	34,652.8	35,333.9
Short-term borrowings:
Commercial paper and other notes payable	798.2	2,343.6	3,587
Securitization borrowings	5,728.9	4,590	4,595.4
John Deere	1,679.1	1,123.5	1,655
Current maturities of long-term borrowings	4,765.2	4,465.4	3,730.3
Total short-term borrowings	12,971.4	12,522.5	13,567.7
Other payables to John Deere	19.3	22.5	38.4
Accounts payable and accrued expenses	707	793.6	667.8
Deposits withheld from dealers and merchants	203.9	151.9	148.7
Deferred income taxes	673.9	432	417.2
Long-term borrowings	16,947.2	16,980.5	16,659
Total liabilities	31,522.7	30,903	31,498.8
Commitments and contingencies (Note 6)
Stockholder's equity:
Common stock, without par value (issued and outstanding - 2,500 shares owned by John Deere Financial Services, Inc.)	1,482.8	1,482.8	1,482.8
Retained earnings	2,254.6	2,329.7	2,407.9
Accumulated other comprehensive income (loss)	(77.4)	(63.1)	(56)
Total Company stockholder's equity	3,660	3,749.4	3,834.7
Noncontrolling interests	0.3	0.4	0.4
Total stockholder's equity	3,660.3	3,749.8	3,835.1
Total Liabilities and Stockholder's Equity	35,183	34,652.8	35,333.9
Retail notes
Receivables:
Total receivables	17,491.6		18,554.9
Allowance for credit losses	(56.7)	(53.3)	(54.4)
Retail notes | Unrestricted
Receivables:
Total receivables	11,530.2	13,810.6	13,803.9
Retail notes | Securitized
Receivables:
Total receivables	5,961.4	4,848.4	4,751
Revolving charge accounts
Receivables:
Total receivables	2,937.3	2,680.8	2,618.4
Allowance for credit losses	(39.7)	(39.7)	(39.7)
Wholesale receivables
Receivables:
Total receivables	7,866.9	7,185.5	8,660.5
Allowance for credit losses	(8.4)	(8.1)	(7.4)
Financing leases
Receivables:
Total receivables	577.6	567.1	538.9
Allowance for credit losses	$ (8.5)	$ (8.7)	$ (8.3)

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - shares	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Consolidated Balance Sheet
Common stock, issued shares	2,500	2,500	2,500
Common stock, outstanding shares	2,500	2,500	2,500

Statement of Consolidated Cash

Statement of Consolidated Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Cash Flows from Operating Activities:
Net income	$ 259.8	$ 376.4
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	57.4	29.5
Provision for depreciation and amortization	417.9	306.5
Provision for deferred income taxes	241.5	114.5
Impairment charges	49.7
Undistributed earnings of unconsolidated affiliate	(1)	(0.8)
Change in accounts payable and accrued expenses	4.5	30.8
Change in accrued income taxes payable/receivable	(2.6)	25.7
Other	92.8	48.2
Net cash provided by operating activities	1,120	930.8
Cash Flows from Investing Activities:
Cost of receivables acquired (excluding wholesale)	(10,185.9)	(10,721.4)
Collections of receivables (excluding wholesale)	10,987	11,233
Increase in wholesale receivables - net	(695.4)	(987.9)
Cost of equipment on operating leases acquired	(1,894.5)	(1,547.6)
Proceeds from sales of equipment on operating leases	651.8	533.5
Change in restricted cash	(5.5)	16.6
Other	35.4	(32.1)
Net cash used for investing activities	(1,107.1)	(1,505.9)
Cash Flows from Financing Activities:
Increase (decrease) in commercial paper and other notes payable - net	(1,568.2)	1,615.1
Increase in securitization borrowings - net	1,138.7	36.8
Increase (decrease) in payable to John Deere - net	567.1	(325.7)
Proceeds from issuance of long-term borrowings	3,326.2	2,964.5
Payments of long-term borrowings	(3,201.2)	(3,375.7)
Dividends paid	(335)	(285)
Debt issuance costs	(23.2)	(16.7)
Net cash provided by (used for) financing activities	(95.6)	613.3
Effect of exchange rate changes on cash and cash equivalents	2.7	(7.3)
Net increase (decrease) in cash and cash equivalents	(80)	30.9
Cash and cash equivalents at the beginning of period	1,163.7	1,059.4
Cash and cash equivalents at the end of period	$ 1,083.7	$ 1,090.3

Statement of Changes in Consoli

Statement of Changes in Consolidated Stockholder's Equity - USD ($) $ in Millions	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests	Total
Balance at Oct. 31, 2014	$ 1,482.8	$ 2,316.5	$ 5.4	$ 0.4	$ 3,805.1
Increase (Decrease) in Stockholder's Equity
Net income (loss)		376.4			376.4
Other comprehensive loss			(61.4)		(61.4)
Dividends declared		(285)			(285)
Balance at Jul. 31, 2015	1,482.8	2,407.9	(56)	0.4	3,835.1
Balance at Oct. 31, 2015	1,482.8	2,329.7	(63.1)	0.4	3,749.8
Increase (Decrease) in Stockholder's Equity
Net income (loss)		259.9		(0.1)	259.8
Other comprehensive loss			(14.3)		(14.3)
Dividends declared		(335)			(335)
Balance at Jul. 31, 2016	$ 1,482.8	$ 2,254.6	$ (77.4)	$ 0.3	$ 3,660.3

Organization and Consolidation

Organization and Consolidation	9 Months Ended
	Jul. 31, 2016
Organization and Consolidation
Organization and Consolidation	(1)         The interim consolidated financial statements of John Deere Capital Corporation (Capital Corporation) and its subsidiaries (collectively called the Company) have been prepared by the Company, 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 adjustments, consisting of normal recurring adjustments, have been included. Management believes that 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 that these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto appearing in the Company’s latest annual report on Form 10 ‑K. Results for interim periods are not necessarily indicative of those to be expected for the fiscal year. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates. The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2016 and 2015 were July 31, 2016 and August 2, 2015, respectively. Both periods contained 13 weeks. For ease of presentation, the consolidated financial statements and notes continue to be dated July 31. The Company provides and administers financing for retail purchases of new equipment manufactured by Deere & Company’s agriculture and turf and construction and forestry operations and used equipment taken in trade for this equipment. The Company generally purchases retail installment sales and loan contracts (retail notes) from Deere & Company and its wholly-owned subsidiaries (collectively called John Deere). John Deere generally acquires these retail notes through John Deere retail dealers. The Company also purchases and finances a limited amount of non-Deere retail notes and continues to service a small portfolio of other retail notes. The Company also finances and services revolving charge accounts, in most cases acquired from and offered through merchants in the agriculture and turf and construction and forestry markets (revolving charge accounts). The Company also provides wholesale financing for inventories of John Deere agriculture and turf and construction and forestry equipment owned by dealers of those products (wholesale receivables). In addition, the Company leases John Deere equipment and a limited amount of non-Deere equipment to retail customers (financing and operating leases). The Company also offers credit enhanced international export financing to select customers and dealers which generally involves John Deere products. Retail notes, revolving charge accounts, wholesale receivables and financing leases are collectively called “Receivables.” Receivables and equipment on operating leases are collectively called “Receivables and Leases.”

New Accounting Standards

New Accounting Standards	9 Months Ended
	Jul. 31, 2016
New Accounting Standards
New Accounting Standards	(2)     New accounting standards to be adopted are as follows: In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification (ASC) 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU No. 2015-14, Deferral of the Effective Date, which amends ASU No. 2014-09. As a result, the effective date will be the first quarter of fiscal year 2019 with early adoption permitted in the first quarter of fiscal year 2018. In March 2016, the FASB issued ASU No. 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which amends ASU 2014-09. ASU No. 2016-08 provides additional guidance for revenue transactions that involve a third party in providing goods or services to a customer. The reporting entity must determine if the obligation to the customer is to provide the goods or services, i.e., as the principal, or to arrange for a third party to provide the goods or services, i.e., as the agent. In April 2016, the FASB issued ASU No. 2016-10, Identifying Performance Obligations and Licensing, which amends ASU 2014 ‑09. ASU No. 2016-10 clarifies that goods or services that are immaterial in the context of the contract are not required to be identified as separate performance obligations. In addition, the ASU provides an accounting policy election to treat shipping and handling activities as a fulfillment cost and not part of the revenue transaction. The ASU also provides guidance regarding licensing arrangements to determine whether the license grants the right to use functional or symbolic intellectual property. Revenue for licenses of functional intellectual property, such as software, is generally recognized at a point in time, while revenue for licenses of symbolic intellectual property, such as tradenames, is generally recognized over time. In May 2016, the FASB issued ASU No. 2016-12, Narrow-Scope Improvements and Practical Expedients, which amends ASU 2014-09. This ASU clarifies the requirement to assess collectability of contract consideration, clarifies the treatment of noncash consideration and provides a policy election to exclude from revenue amounts collected from customers for sales and similar taxes. The adoption will use one of two retrospective application methods. The Company plans to adopt the ASU effective the first quarter of fiscal year 2019 and is evaluating the potential effects on the consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which amends ASC 718, Compensation – Stock Compensation. This ASU requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Therefore, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The total compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The effective date will be the first quarter of fiscal year 2017. The adoption will not have a material effect on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which amends ASC 835-30, Interest – Imputation of Interest. This ASU requires that debt issuance costs related to borrowings be presented in the balance sheet as a direct deduction from the carrying amount of the borrowing. This treatment is consistent with debt discounts. The ASU does not affect the amount or timing of expenses for debt issuance costs. The effective date will be the first quarter of fiscal year 2017 and will be applied retrospectively. The adoption will not have a material effect on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, which amends ASC 350-40, Intangibles-Goodwill and Other-Internal-Use Software. This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license. If an arrangement includes a software license, the accounting for the license will be consistent with licenses of other intangible assets. If the arrangement does not include a license, the arrangement will be accounted for as a service contract. The effective date will be the first quarter of fiscal year 2017 and will be adopted prospectively. The adoption will not have a material effect on the Company’s consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which amends ASC 835-30, Interest – Imputation of Interest. This ASU clarifies the presentation and subsequent measurement of debt issuance costs associated with lines of credit. These costs may be presented as an asset and amortized ratably over the term of the line of credit arrangement, regardless of whether there are outstanding borrowings on the arrangement. The effective date will be the first quarter of fiscal year 2017 and will be applied retrospectively. The adoption will not have a material effect on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends ASC 825-10, Financial Instruments – Overall. This ASU changes the treatment for available for sale equity investments by recognizing unrealized fair value changes directly in net income, and no longer in other comprehensive income. In addition, the impairment assessment of equity securities without readily determinable fair values is simplified by allowing a qualitative assessment. The ASU eliminates the disclosure requirement of methods and assumptions used to estimate fair value for financial instruments measured at amortized cost on the balance sheet. Additional disclosure of financial assets and financial liabilities by measurement category and form is also required. The effective date will be the first quarter of fiscal year 2019. Early adoption of the provisions affecting the Company is not permitted. The amendment will be adopted with a cumulative-effect adjustment to the balance sheet in the year of adoption. The Company is evaluating the potential effects on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes ASC 840, Leases. The ASU does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. The ASU’s primary change is the requirement for lessee entities to recognize a lease liability for payments and a right of use asset representing the right to use the leased asset during the term on operating lease arrangements. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting under the ASU is largely unchanged from the previous accounting standard. In addition, the ASU expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach. The effective date will be the first quarter of fiscal year 2020 with early adoption permitted. The Company is evaluating the potential effects on the consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Simplifying the Transition to the Equity Method of Accounting, which amends ASC 323 Investments - Equity Method and Joint Ventures. This ASU eliminates the requirement to retroactively restate the investment, results of operations and retained earnings on a step by step basis when an investment qualifies for use of the equity method as a result of an increase in ownership or degree of influence. The ASU requires that the equity method investor add the cost of acquiring the additional ownership interest to the current basis of the entity’s previously held interest and adopt the equity method of accounting as of that date. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted, and will be adopted prospectively. The adoption will not have a material effect on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC 718, Compensation - Stock Compensation. This ASU simplifies the treatment of share based payment transactions by recognizing the impact of excess tax benefits or deficiencies related to exercised or vested awards in income tax expense in the period of exercise or vesting. The ASU also modifies the diluted earnings per share calculation using the treasury stock method by eliminating the excess tax benefits or deficiencies from the calculation. These changes will be recognized prospectively. The presentation of excess tax benefits in the statement of consolidated cash flows is also modified to be included with other income tax cash flows as an operating activity. The change can be adopted using a prospective or retrospective transition method. The ASU also provides an accounting policy election to account for award forfeitures in compensation cost when the forfeitures occur. The requirement for an award to qualify for equity classification was also modified by the ASU to permit withholding up to maximum statutory tax rates in the applicable jurisdictions. The modification regarding award forfeitures and withholding rates are adopted by a cumulative effect adjustment to equity at the beginning of the period adopted. The ASU clarifies that cash paid by an employer when directly withholding shares for tax withholding purposes should be presented as a financing activity in the statement of consolidated cash flows and should be applied retrospectively. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The Company is evaluating the potential effects on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326, Financial Instruments – Credit Losses. This ASU requires that financial assets measured at amortized cost be presented at the net amount to be collected. To determine this amount, the ASU revises the measurement of credit losses from an incurred loss methodology to an expected loss methodology that requires consideration of historical information and supportable forecasts to determine credit loss estimates. The ASU affects financing receivables, debt securities, net investment in leases and most other financial assets that represent a right to receive cash. The treatment for available for sale debt securities is also modified by presenting credit losses as an allowance rather than as a write-down. Additional disclosures about significant estimates and credit quality are also required. The effective date will be the first quarter of fiscal year 2021, with early adoption permitted beginning in fiscal year 2020. The ASU will be adopted using a modified-retrospective approach. The Company is evaluating the potential effects on the consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, which amends ASC 230, Statement of Cash Flows. This ASU provides guidance on the statement of cash flows presentation of certain transactions where diversity in practice exists. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted. The ASU should be adopted using a retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements.

Other Comprehensive Income Item

Other Comprehensive Income Items	9 Months Ended
	Jul. 31, 2016
Other Comprehensive Income Items
Other Comprehensive Income Items	(3)         The after-tax changes in accumulated other comprehensive income (loss) were as follows (in millions of dollars): Unrealized Accumulated Cumulative Gain (Loss) Other Translation on Comprehensive Adjustment Derivatives Income (Loss) Balance October 31, 2014 $ $ (.6) $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) (.7) Balance July 31, 2015 $ $ $ Balance October 31, 2015 $ $ $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) Balance July 31, 2016 $ $ $ Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, (in millions of dollars): Before Tax After Tax (Expense) Tax Three Months Ended July 31, 2016 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ .4 (.7) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (.4) .7 Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ Nine Months Ended July 31, 2016 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives (.5) Total other comprehensive income (loss) $ $ (.5) $ Three Months Ended July 31, 2015 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (.8) Net unrealized gain (loss) on derivatives .4 (.7) Total other comprehensive income (loss) $ $ .4 $ Nine Months Ended July 31, 2015 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives .4 (.7) Total other comprehensive income (loss) $ $ .4 $

Receivables

Receivables	9 Months Ended
	Jul. 31, 2016
Receivables
Receivables	(4)         Past due balances of Receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. The Company monitors the credit quality of Receivables as either performing or non-performing monthly. Non-performing Receivables represent loans for which the Company has ceased accruing finance income. Generally, when retail notes are approximately 120 days delinquent, accrual of finance income is suspended, the collateral is repossessed or the account is designated for litigation and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days. Generally, when a wholesale receivable becomes 60 days delinquent, the Company determines whether the accrual of finance income on interest-bearing wholesale receivables should be suspended, the collateral should be repossessed or the account should be designated for litigation and the estimated uncollectible amount written off to the allowance for credit losses. Generally, when a financing lease account becomes 120 days delinquent, the accrual of lease revenue is suspended, the equipment is repossessed or the account is designated for litigation, and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing Receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured. An age analysis of past due Receivables that are still accruing interest and non-performing Receivables was as follows (in millions of dollars): July 31, 2016 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .4 Wholesale receivables: Agriculture and turf .7 Construction and forestry .1 .1 Financing leases: Agriculture and turf Construction and forestry .4 .4 Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf .9 Construction and forestry Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ October 31, 2015 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf .8 Construction and forestry .8 .3 Wholesale receivables: Agriculture and turf .6 Construction and forestry .8 Financing leases: Agriculture and turf Construction and forestry .7 .4 Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .1 Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ July 31, 2015 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .8 .6 Wholesale receivables: Agriculture and turf .3 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry Wholesale receivables: Agriculture and turf .4 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ Allowances for credit losses on Receivables are maintained in amounts considered to be appropriate in relation to the Receivables outstanding based on historical loss experience by product category, portfolio duration, delinquency trends, economic conditions and credit risk quality. An analysis of the allowance for credit losses and investment in Receivables was as follows (in millions of dollars): Three Months Ended July 31, 2016 Revolving Retail Charge Wholesale Financing Total Notes Accounts Receivables Leases Receivables Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .1 .5 Write-offs (.1) (.8) Recoveries .1 .1 Other changes (primarily translation adjustments) (.2) (.1) (.1) (.4) End of period balance $ $ $ $ $ Nine Months Ended July 31, 2016 Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .2 Write-offs (.1) Recoveries .1 .3 Other changes (primarily translation adjustments) (.2) .1 (.3) (.4) End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ Receivables: End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ $ .9 $ * Remainder is collectively evaluated. Three Months Ended July 31, 2015 Revolving Retail Charge Wholesale Financing Total Notes Accounts Receivables Leases Receivables Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .3 .5 Write-offs (.1) (.6) Recoveries .1 Other changes (primarily translation adjustments) (.2) (.1) (.3) End of period balance $ $ $ $ $ Nine Months Ended July 31, 2015 Allowance: Beginning of period balance $ $ $ $ $ Provision (credit) for credit losses (.1) .9 Write-offs (.3) Recoveries .5 Other changes (primarily translation adjustments) (.8) (.3) (.3) End of period balance $ $ $ $ $ Balance individually evaluated * $ .8 $ .8 Receivables: End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ $ * Remainder is collectively evaluated. Receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing. An analysis of impaired Receivables was as follows (in millions of dollars): Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment July 31, 2016 * Receivables with specific allowance: Retail notes $ $ $ $ Wholesale receivables Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .3 .3 .5 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .4 Total $ $ $ $ October 31, 2015 * Receivables with specific allowance: Wholesale receivables $ $ $ $ Financing leases .8 .7 .2 .7 Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .6 .6 .7 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .2 Total $ $ $ $ July 31, 2015 * Receivables with specific allowance: Retail notes $ $ $ .8 $ Total with specific allowance .8 Receivables without specific allowance: Retail notes Wholesale receivables .6 .6 .6 Total without specific allowance Total $ $ $ .8 $ Agriculture and turf $ $ $ .8 $ Construction and forestry Total $ $ $ .8 $ * Finance income recognized was not material. A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first nine months of 2016, the Company identified 65 Receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $2.1 million pre-modification and $1.5 million post-modification. During the first nine months of 2015, there were 76 Receivable contracts, primarily retail notes, with aggregate balances of $2.2 million pre-modification and $1.7 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At July 31, 2016, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.

Securitization of Receivables

Securitization of Receivables	9 Months Ended
	Jul. 31, 2016
Securitization of Receivables
Securitization of Receivables	(5)     Securitization of receivables: The Company, as a part of its overall funding strategy, periodically transfers certain Receivables (retail notes) into variable interest entities (VIEs) that are special purpose entities (SPEs), or non-VIE banking operations, as part of its asset-backed securities programs (securitizations). The structure of these transactions is such that the transfer of the retail notes does not meet the criteria of sales of receivables, and is, therefore, accounted for as a secured borrowing. SPEs utilized in securitizations of retail notes differ from other entities included in the Company’s consolidated statements because the assets they hold are legally isolated. Use of the assets held by the SPEs or the non-VIEs is restricted by terms of the documents governing the securitization transactions. In securitizations of retail notes related to secured borrowings, the retail notes are transferred to certain SPEs or to non-VIE banking operations, which in turn issue debt to investors. The resulting secured borrowings are recorded as “Securitization borrowings” on the balance sheet. The securitized retail notes are recorded as “Retail notes securitized” on the balance sheet. The total restricted assets on the balance sheet related to these securitizations include the retail notes securitized less an allowance for credit losses, and other assets primarily representing restricted cash. For those securitizations in which retail notes are transferred into SPEs, the SPEs supporting the secured borrowings are consolidated unless the Company does not have both the power to direct the activities that most significantly impact the SPEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the SPEs. No additional support to these SPEs beyond what was previously contractually required has been provided during the reporting periods. In certain securitizations, the Company consolidates the SPEs since it has both the power to direct the activities that most significantly impact the SPEs’ economic performance through its role as servicer of all the Receivables held by the SPEs, and the obligation through variable interests in the SPEs to absorb losses or receive benefits that could potentially be significant to the SPEs. The restricted assets (retail notes securitized, allowance for credit losses and other assets) of the consolidated SPEs totaled $3,210.5 million, $3,005.4 million and $2,638.8 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. The liabilities (securitization borrowings and accrued interest) of these SPEs totaled $3,099.4 million, $2,743.2 million and $2,533.9 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. In the fourth quarter of 2015, as part of a receivable transfer, the Company retained $228.0 million of securitization borrowings, with no balance at July 31, 2016 and $189.3 million at October 31, 2015. This amount is not shown as a liability above as the borrowing is not outstanding to a third party. The credit holders of these SPEs do not have legal recourse to the Company’s general credit. In certain securitizations, the Company transfers retail notes to non-VIE banking operations, which are not consolidated since the Company does not have a controlling interest in the entities. The Company’s carrying values and interests related to these securitizations with the unconsolidated non-VIEs were restricted assets (retail notes securitized, allowance for credit losses and other assets) of $753.4 million, $249.2 million and $283.8 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. The liabilities (securitization borrowings and accrued interest) were $692.0 million, $237.7 million and $265.3 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. In certain securitizations, the Company transfers retail notes into bank-sponsored, multi-seller, commercial paper conduits, which are SPEs that are not consolidated. The Company does not service a significant portion of the conduits’ receivables, and, therefore, does not have the power to direct the activities that most significantly impact the conduits’ economic performance. These conduits provide a funding source to the Company (as well as other transferors into the conduit) as they fund the retail notes through the issuance of commercial paper. The Company’s carrying values and variable interests related to these conduits were restricted assets (retail notes securitized, allowance for credit losses and other assets) of $2,112.7 million, $1,689.4 million and $1,923.2 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. The liabilities (securitization borrowings and accrued interest) related to these conduits were $1,940.2 million, $1,611.2 million and $1,798.3 million at July 31, 2016, October 31, 2015 and July 31, 2015, respectively. The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets was as follows (in millions of dollars): July 31 2016 Carrying value of liabilities $ Maximum exposure to loss The total assets of unconsolidated VIEs related to securitizations were approximately $45.5 billion at July 31, 2016. The components of consolidated restricted assets related to secured borrowings in securitization transactions were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Retail notes securitized $ $ $ Allowance for credit losses Other assets Total restricted securitized assets $ $ $ The components of consolidated secured borrowings and other liabilities related to securitizations were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Securitization borrowings $ $ $ Accrued interest on borrowings Total liabilities related to restricted securitized assets $ $ $ The secured borrowings related to these restricted retail notes are obligations that are payable as the retail notes are liquidated. Repayment of the secured borrowings depends primarily on cash flows generated by the restricted assets. Due to the Company's short-term credit rating, cash collections from these restricted assets are not required to be placed into a restricted collection account until immediately prior to the time payment is required to the secured creditors. At July 31, 2016, the maximum remaining term of all restricted securitized retail notes was approximately seven years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2016
Commitments and Contingencies
Commitments and Contingencies	(6)     Commitments and contingencies: At July 31, 2016, John Deere Financial Inc., the John Deere finance subsidiary in Canada, had $211.0 million of commercial paper and a fair value liability of $15.1 million for derivatives, prior to considering applicable netting provisions, with a notional amount of $1,897.9 million that were guaranteed by Capital Corporation. The Company has a variable interest in John Deere Canada Funding Inc. (JDCFI), a wholly-owned subsidiary of John Deere Financial Inc., which was created as a VIE to issue debt in public markets to fund the operations of affiliated companies in Canada. The Company has a variable interest in JDCFI because it provides guarantees for all debt issued by JDCFI, however it does not consolidate JDCFI because it does not have the power to direct the activities that most significantly impact JDCFI’s economic performance. The Company has no carrying value of assets or liabilities related to JDCFI. Its maximum exposure to loss is the amount of the debt issued by JDCFI and guaranteed by the Company, which was $1,710.5 million at July 31, 2016. The weighted average interest rate on the debt at July 31, 2016 was 2.1 percent with a maximum remaining maturity of approximately six years. No additional support beyond what was previously contractually required has been provided to JDCFI during the reporting periods. The Company has commitments to extend credit to customers and John Deere dealers through lines of credit and other pre-approved credit arrangements. The Company applies the same credit policies and approval process for these commitments to extend credit as it does for its Receivables. Collateral is not required for these commitments, but if credit is extended, collateral may be required upon funding. The amount of unused commitments to extend credit to John Deere dealers was $8.4 billion at July 31, 2016. The amount of unused commitments to extend credit to customers was $27.8 billion at July 31, 2016. A significant portion of these commitments is not expected to be fully drawn upon; therefore, the total commitment amounts likely do not represent a future cash requirement. The Company generally has the right to unconditionally cancel, alter or amend the terms of these commitments at any time. Over 95 percent of the unused commitments to extend credit to customers relate to revolving charge accounts. At July 31, 2016, the Company had restricted other assets of approximately $21.2 million. See Note 5 for additional restricted assets associated with borrowings related to securitizations. The Company is subject to various unresolved legal actions which arise in the normal course of its business, the most prevalent of which relate to retail credit. The Company believes the reasonably possible range of losses for these unresolved legal actions in addition to amounts accrued would not have a material effect on its consolidated financial statements.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2016
Income Taxes
Income Taxes	(7)         The Company’s unrecognized tax benefits at July 31, 2016 were $34.0 million, compared to $36.0 million at October 31, 2015. The liability at July 31, 2016 consisted of approximately $17.6 million, which would affect the effective tax rate if it was recognized. The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing. The changes in the unrecognized tax benefits for the first nine months of 2016 were not significant. The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next 12 months would not be significant.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2016
Fair Value Measurements
Fair Value Measurements	(8)         To determine fair value, the Company uses various methods including market and income approaches. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied. Level 1 measurements consist of quoted prices in active markets for identical assets or liabilities. Level 2 measurements include significant other observable inputs such as quoted prices for similar assets or liabilities in active markets; identical assets or liabilities in inactive markets; observable inputs such as interest rates and yield curves; and other market-corroborated inputs. Level 3 measurements include significant unobservable inputs. The fair values of financial instruments that do not approximate the carrying values were as follows (in millions of dollars): July 31, 2016 October 31, 2015 July 31, 2015 Carrying Fair Carrying Fair Carrying Fair Value Value * Value Value * Value Value * Receivables financed – net $ $ $ $ $ $ Retail notes securitized – net Securitization borrowings Current maturities of long ‑ term borrowings Long ‑ term borrowings * Fair value measurements above were Level 3 for all Receivables and Level 2 for all borrowings. Fair values of Receivables that were issued long-term were based on the discounted values of their related cash flows at interest rates currently being offered by the Company for similar Receivables. The fair values of the remaining Receivables approximated the carrying amounts. 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. Certain long-term borrowings have been swapped to current variable interest rates. The carrying values of these long-term borrowings included adjustments related to fair value hedges. Assets and liabilities measured at fair value as Level 2 measurements on a recurring basis were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Receivables from John Deere Derivatives: Interest rate contracts $ $ $ Cross-currency interest rate contracts Other assets Derivatives: Interest rate contracts Foreign exchange contracts Total assets * $ $ $ Other payables to John Deere Derivatives: Interest rate contracts $ $ $ Cross-currency interest rate contracts .1 Accounts payable and accrued expenses Derivatives: Interest rate contracts Foreign exchange contracts Total liabilities $ $ $ * Excluded from this table are the Company’s cash equivalents, which were carried at cost that approximates fair value. The cash equivalents consist primarily of money market funds that were Level 1 measurements. Fair value, nonrecurring, Level 3 measurements from impairments were as follows (in millions of dollars): Fair Value (Gains) / Losses Three Months Ended Nine Months Ended July 31 October 31 July 31 July 31 July 31 2016 2015 2015 2016 2015 2016 2015 Receivables: Retail notes $ $ $ $ $ $ Revolving charge accounts (.2) (.2) Wholesale receivables $ .3 Financing leases .6 (.1) Equipment on operating leases – net Other assets Total $ $ $ $ $ $ $ The following is a description of the valuation methodologies the Company uses to measure certain financial instruments on the balance sheet at fair value: Derivatives – The Company’s derivative financial instruments consist of interest rate swaps and caps, foreign currency forwards and swaps and cross-currency interest rate 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. Receivables – Specific reserve impairments are based on the fair value of the collateral, which is measured using a market approach (appraisal values or realizable values). Inputs include a selection of realizable values. Equipment on operating leases - net – The impairments are based on an income approach (discounted cash flow), using the contractual payments, plus an estimate of equipment sale price at lease maturity. Inputs include realized sales values. Other assets – Impairments are based on the fair value of the inventory, which is measured using a market approach. Inputs include realized sales values.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Jul. 31, 2016
Derivative Instruments
Derivative Instruments	(9)         It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The Company manages the relationship of the types and amounts of its funding sources to its receivable and lease portfolio in an effort to diminish risk due to interest rate and foreign currency fluctuations, while responding to favorable financing opportunities. The Company also has foreign currency exposures at some of its foreign and domestic operations related to financing in currencies other than the functional currencies. All derivatives are recorded at fair value on the balance sheet. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated. All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness. If and when a derivative is determined not to be highly effective as a hedge, or the underlying hedged transaction is no longer likely to occur, or the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued. Any past or future changes in the derivative’s fair value, which will not be effective as an offset to the income effects of the item being hedged, are recognized currently in the income statement. Cash flow hedges Certain interest rate contracts (swaps) were designated as hedges of future cash flows from borrowings. The total notional amounts of the receive-variable/pay-fixed interest rate contracts at July 31, 2016, October 31, 2015 and July 31, 2015 were $1,850.0 million, $2,800.0 million and $2,800.0 million, respectively. The effective portions of the fair value gains or losses on these cash flow hedges were recorded in other comprehensive income (OCI) and subsequently reclassified into interest expense in the same periods during which the hedged transactions affected earnings. These amounts offset the effects of interest rate changes on the related borrowings. Any ineffective portions of the gains or losses on all cash flow interest rate contracts designated as hedges were recognized currently in interest expense and were not material during any periods presented. The cash flows from these contracts were recorded in operating activities in the statement of consolidated cash flows. The amount of loss recorded in OCI at July 31, 2016 that is expected to be reclassified to interest expense in the next twelve months if interest rates remain unchanged is approximately $1.4 million after-tax. These contracts mature in up to 29 months. There were no gains or losses reclassified from OCI to earnings based on the probability that the original forecasted transaction would not occur. Fair value hedges Certain interest rate contracts (swaps) were designated as fair value hedges of borrowings. The total notional amounts of these receive-fixed/pay-variable interest rate contracts at July 31, 2016, October 31, 2015 and July 31, 2015 were $8,981.3 million, $8,048.6 million and $8,203.4 million, respectively. The effective portions of the fair value gains or losses on these contracts were offset by fair value gains or losses on the hedged items (fixed-rate borrowings). Any ineffective portions of the gains or losses were recognized currently in interest expense. The ineffective portions were a gain of $2.5 million and a loss of $.3 million during the third quarter of 2016 and 2015, respectively, and gains of $1.3 million and $1.1 million during the first nine months of 2016 and 2015, respectively. The cash flows from these contracts were recorded in operating activities in the statement of consolidated cash flows. The gains (losses) on these contracts and the underlying borrowings recorded in interest expense were as follows (in millions of dollars): Three Months Ended Nine Months Ended July 31 July 31 2016 2015 2016 2015 Interest rate contracts * $ $ $ $ Borrowings ** * Includes changes in fair value of interest rate contracts excluding net accrued interest income of $35.0 million and $40.7 million during the third quarter of 2016 and 2015, respectively, and $110.8 million and $126.2 million during the first nine months of 2016 and 2015, respectively. ** Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $72.2 million and $63.2 million during the third quarter of 2016 and 2015, respectively, and $207.5 million and $193.4 million during the first nine months of 2016 and 2015, respectively. Derivatives not designated as hedging instruments The Company has certain interest rate contracts (swaps and caps), foreign exchange contracts (forwards and swaps) and cross-currency interest rate contracts (swaps), which were not formally designated as hedges. These derivatives were held as economic hedges for underlying interest rate or foreign currency exposures primarily for certain borrowings. The total notional amounts of these interest rate swaps at July 31, 2016, October 31, 2015 and July 31, 2015 were $2,448.3 million, $2,679.5 million and $2,651.3 million, the foreign exchange contracts were $1,325.7 million, $966.6 million and $853.6 million and the cross-currency interest rate contracts were $63.7 million, $75.6 million and $79.7 million, respectively. At July 31, 2016 , October 31, 2015 and July 31, 2015 there were also $2,667.1 million, $1,902.1 million and $2,086.8 million, respectively, of interest rate caps purchased and the same amounts sold at the same capped interest rate to facilitate borrowings through securitization of retail notes. The fair value gains or losses from the interest rate contracts were recognized currently in interest expense and the gains or losses from foreign exchange contracts in administrative and operating expenses, generally offsetting over time the expenses on the exposures being hedged. The cash flows from these non-designated contracts were recorded in operating activities in the statement of consolidated cash flows. Fair values of derivative instruments in the consolidated balance sheet were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Receivables from John Deere Designated as hedging instruments: Interest rate contracts $ $ $ Not designated as hedging instruments: Interest rate contracts Cross-currency interest rate contracts Total not designated Other Assets Designated as hedging instruments: Interest rate contracts Not designated as hedging instruments: Interest rate contracts .6 Foreign exchange contracts Total not designated Total derivatives $ $ $ Other Payables to John Deere Designated as hedging instruments: Interest rate contracts $ $ $ Not designated as hedging instruments: Interest rate contracts Cross-currency interest rate contracts .1 Total not designated Accounts Payable and Accrued Expenses Not designated as hedging instruments: Interest rate contracts Foreign exchange contracts Total not designated Total derivatives $ $ $ The classification and gains (losses), including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following (in millions of dollars): Three Months Ended Nine Months Ended Expense or OCI July 31 July 31 Classification 2016 2015 2016 2015 Fair Value Hedges: Interest rate contracts Interest expense $ $ $ $ Cash Flow Hedges: Recognized in OCI (Effective Portion): Interest rate contracts OCI (pretax) Reclassified from OCI (Effective Portion): Interest rate contracts Interest expense Recognized Directly in Income (Ineffective Portion) ** ** ** ** Not Designated as Hedges: Interest rate contracts Interest expense * $ $ $ $ Foreign exchange contracts Administrative and operating expenses * Total not designated $ $ $ $ * Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. ** The amount is not significant. Included in the above table are interest expense and administrative and operating expense amounts the Company incurred on derivatives transacted with John Deere. The amount the Company recognized on these affiliate party transactions for the three months ended July 31, 2016 and 2015 were gains of $115.9 million and $26.5 million, respectively. The amount the Company recognized on these affiliate party transactions for the nine months ended July 31, 2016 and 2015 were gains of $257.1 million and $165.4 million, respectively. Counterparty Risk and Collateral The Company’s outstanding derivatives have been transacted with both unrelated external counterparties and with John Deere. For derivatives transacted with John Deere, the Company utilizes a centralized hedging center structure in which John Deere enters into a derivative transaction with an unrelated external counterparty and simultaneously enters into a derivative transaction with the Company. Except for collateral provisions, the terms of the transaction between the Company and John Deere are identical to the terms of the transaction between John Deere and its unrelated external counterparty. Certain of the Company’s derivative agreements executed directly with the unrelated external counterparties contain credit support provisions that may require the Company to post collateral based on the size of the net liability positions and credit ratings. At July 31, 2016, October 31, 2015 and July 31, 2015, there were no aggregate liability positions for derivatives with credit risk related contingent features. If the credit risk related contingent features were triggered, the Company would be required to post collateral up to an amount equal to any liability position, prior to considering applicable netting provisions. Derivative instruments are subject to significant concentrations of credit risk to the banking sector. The Company manages individual unrelated external counterparty exposure by setting limits that consider the credit rating of the unrelated external counterparty, the credit default swap spread of the counterparty and other financial commitments and exposures between the Company and the unrelated external counterparty banks. All interest rate derivatives are transacted under International Swaps and Derivatives Association (ISDA) documentation. Some of these agreements executed with unrelated external counterparties include credit support provisions. Each master agreement executed with an unrelated external counterparty permits the net settlement of amounts owed in the event of default or termination. The Company also has ISDA agreements with John Deere that permit the net settlement of amounts owed between counterparties in the event of early termination. In addition, the Company has a loss sharing agreement with John Deere in which it has agreed to absorb any losses and expenses John Deere incurs if an unrelated external counterparty fails to meet its obligations on a derivative transaction that John Deere entered into to manage exposures of the Company. The loss sharing agreement increases the maximum amount of loss that the Company would incur, after considering collateral received and netting arrangements, by $.5 million, $2.2 million and $5.6 million as of July 31, 2016, October 31, 2015 and July 31, 2015, respectively. Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities for external derivatives and those with John Deere related to netting arrangements and any collateral received or paid were as follows (in millions of dollars): July 31, 2016 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere October 31, 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere July 31, 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere .8

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
	Jul. 31, 2016
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits	(10)       The Company is a participating employer in certain Deere & Company sponsored defined benefit pension plans for employees in the U.S. and certain defined benefit pension plans outside the U.S. These pension plans provide for benefits that are based primarily on years of service and employee compensation. Pension expense is actuarially determined based on the Company’s employees included in the plan. The Company’s pension expense amounted to $1.2 million for the third quarter and $4.4 million for the first nine months of 2016, compared with $2.6 million and $7.6 million for the same periods last year. The accumulated benefit obligation and plan net assets for the employees of the Company are not determined separately from Deere & Company. The Company generally provides defined benefit health care and life insurance plans for retired employees in the U.S. as a participating employer in Deere & Company’s sponsored plans. Health care and life insurance benefits expense is actuarially determined based on the Company’s employees included in the plans and amounted to $.6 million for the third quarter and $1.8 million for the first nine months of 2016, compared with $.9 million and $2.8 million for the same periods last year. Further disclosure for these plans is included in Deere & Company’s Form 10-Q for the quarter ended July 31, 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2016
Summary of Significant Accounting Policies
Use of Estimates in Financial Statements	The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates.
Fiscal Year	The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2016 and 2015 were July 31, 2016 and August 2, 2015, respectively. Both periods contained 13 weeks. For ease of presentation, the consolidated financial statements and notes continue to be dated July 31.
Receivables - Non-Performing, Policy	Past due balances of Receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. The Company monitors the credit quality of Receivables as either performing or non-performing monthly. Non-performing Receivables represent loans for which the Company has ceased accruing finance income. Generally, when retail notes are approximately 120 days delinquent, accrual of finance income is suspended, the collateral is repossessed or the account is designated for litigation and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days. Generally, when a wholesale receivable becomes 60 days delinquent, the Company determines whether the accrual of finance income on interest-bearing wholesale receivables should be suspended, the collateral should be repossessed or the account should be designated for litigation and the estimated uncollectible amount written off to the allowance for credit losses. Generally, when a financing lease account becomes 120 days delinquent, the accrual of lease revenue is suspended, the equipment is repossessed or the account is designated for litigation, and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing Receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured. Receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.
Receivables - Allowance for Credit Losses, Policy	Allowances for credit losses on Receivables are maintained in amounts considered to be appropriate in relation to the Receivables outstanding based on historical loss experience by product category, portfolio duration, delinquency trends, economic conditions and credit risk quality.
Troubled Debt Restructuring, Policy	A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest.
Fair Value of Financial Instruments, Policy	To determine fair value, the Company uses various methods including market and income approaches. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied.
Derivative Financial Instruments	It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The Company manages the relationship of the types and amounts of its funding sources to its receivable and lease portfolio in an effort to diminish risk due to interest rate and foreign currency fluctuations, while responding to favorable financing opportunities. The Company also has foreign currency exposures at some of its foreign and domestic operations related to financing in currencies other than the functional currencies. All derivatives are recorded at fair value on the balance sheet. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated. All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness. If and when a derivative is determined not to be highly effective as a hedge, or the underlying hedged transaction is no longer likely to occur, or the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued. Any past or future changes in the derivative’s fair value, which will not be effective as an offset to the income effects of the item being hedged, are recognized currently in the income statement.

Other Comprehensive Income It19

Other Comprehensive Income Items (Tables)	9 Months Ended
	Jul. 31, 2016
Other Comprehensive Income Items
Schedule of After-Tax Changes in Accumulated Other Comprehensive Income (Loss)	The after-tax changes in accumulated other comprehensive income (loss) were as follows (in millions of dollars): Unrealized Accumulated Cumulative Gain (Loss) Other Translation on Comprehensive Adjustment Derivatives Income (Loss) Balance October 31, 2014 $ $ (.6) $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) (.7) Balance July 31, 2015 $ $ $ Balance October 31, 2015 $ $ $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) Balance July 31, 2016 $ $ $
Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects	Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, (in millions of dollars): Before Tax After Tax (Expense) Tax Three Months Ended July 31, 2016 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ .4 (.7) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (.4) .7 Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ Nine Months Ended July 31, 2016 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives (.5) Total other comprehensive income (loss) $ $ (.5) $ Three Months Ended July 31, 2015 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (.8) Net unrealized gain (loss) on derivatives .4 (.7) Total other comprehensive income (loss) $ $ .4 $ Nine Months Ended July 31, 2015 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives .4 (.7) Total other comprehensive income (loss) $ $ .4 $

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Jul. 31, 2016
Receivables
Age Analysis of past due Receivables that are still accruing interest and non-performing Receivables	An age analysis of past due Receivables that are still accruing interest and non-performing Receivables was as follows (in millions of dollars): July 31, 2016 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .4 Wholesale receivables: Agriculture and turf .7 Construction and forestry .1 .1 Financing leases: Agriculture and turf Construction and forestry .4 .4 Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf .9 Construction and forestry Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ October 31, 2015 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf .8 Construction and forestry .8 .3 Wholesale receivables: Agriculture and turf .6 Construction and forestry .8 Financing leases: Agriculture and turf Construction and forestry .7 .4 Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .1 Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ July 31, 2015 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry .8 .6 Wholesale receivables: Agriculture and turf .3 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ Total Total Non- Total Past Due Performing Current Receivables Retail notes: Agriculture and turf $ $ $ $ Construction and forestry Revolving charge accounts: Agriculture and turf Construction and forestry Wholesale receivables: Agriculture and turf .4 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $
Analysis of the Allowance for Credit Losses and Investment in Receivables	An analysis of the allowance for credit losses and investment in Receivables was as follows (in millions of dollars): Three Months Ended July 31, 2016 Revolving Retail Charge Wholesale Financing Total Notes Accounts Receivables Leases Receivables Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .1 .5 Write-offs (.1) (.8) Recoveries .1 .1 Other changes (primarily translation adjustments) (.2) (.1) (.1) (.4) End of period balance $ $ $ $ $ Nine Months Ended July 31, 2016 Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .2 Write-offs (.1) Recoveries .1 .3 Other changes (primarily translation adjustments) (.2) .1 (.3) (.4) End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ Receivables: End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ $ .9 $ * Remainder is collectively evaluated. Three Months Ended July 31, 2015 Revolving Retail Charge Wholesale Financing Total Notes Accounts Receivables Leases Receivables Allowance: Beginning of period balance $ $ $ $ $ Provision for credit losses .3 .5 Write-offs (.1) (.6) Recoveries .1 Other changes (primarily translation adjustments) (.2) (.1) (.3) End of period balance $ $ $ $ $ Nine Months Ended July 31, 2015 Allowance: Beginning of period balance $ $ $ $ $ Provision (credit) for credit losses (.1) .9 Write-offs (.3) Recoveries .5 Other changes (primarily translation adjustments) (.8) (.3) (.3) End of period balance $ $ $ $ $ Balance individually evaluated * $ .8 $ .8 Receivables: End of period balance $ $ $ $ $ Balance individually evaluated * $ $ $ $ * Remainder is collectively evaluated.
Analysis of Impaired Receivables	An analysis of impaired Receivables was as follows (in millions of dollars): Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment July 31, 2016 * Receivables with specific allowance: Retail notes $ $ $ $ Wholesale receivables Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .3 .3 .5 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .4 Total $ $ $ $ October 31, 2015 * Receivables with specific allowance: Wholesale receivables $ $ $ $ Financing leases .8 .7 .2 .7 Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .6 .6 .7 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .2 Total $ $ $ $ July 31, 2015 * Receivables with specific allowance: Retail notes $ $ $ .8 $ Total with specific allowance .8 Receivables without specific allowance: Retail notes Wholesale receivables .6 .6 .6 Total without specific allowance Total $ $ $ .8 $ Agriculture and turf $ $ $ .8 $ Construction and forestry Total $ $ $ .8 $ * Finance income recognized was not material.

Securitization of Receivables (

Securitization of Receivables (Tables)	9 Months Ended
	Jul. 31, 2016
Securitization of Receivables
Unconsolidated Conduits, Carrying Amount of Liabilities Compared to Maximum Exposure to Loss	The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets was as follows (in millions of dollars): July 31 2016 Carrying value of liabilities $ Maximum exposure to loss
Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions	The components of consolidated restricted assets related to secured borrowings in securitization transactions were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Retail notes securitized $ $ $ Allowance for credit losses Other assets Total restricted securitized assets $ $ $ The components of consolidated secured borrowings and other liabilities related to securitizations were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Securitization borrowings $ $ $ Accrued interest on borrowings Total liabilities related to restricted securitized assets $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2016
Fair Value Measurements
Fair Value of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values were as follows (in millions of dollars): July 31, 2016 October 31, 2015 July 31, 2015 Carrying Fair Carrying Fair Carrying Fair Value Value * Value Value * Value Value * Receivables financed – net $ $ $ $ $ $ Retail notes securitized – net Securitization borrowings Current maturities of long ‑ term borrowings Long ‑ term borrowings * Fair value measurements above were Level 3 for all 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 as Level 2 measurements on a recurring basis were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Receivables from John Deere Derivatives: Interest rate contracts $ $ $ Cross-currency interest rate contracts Other assets Derivatives: Interest rate contracts Foreign exchange contracts Total assets * $ $ $ Other payables to John Deere Derivatives: Interest rate contracts $ $ $ Cross-currency interest rate contracts .1 Accounts payable and accrued expenses Derivatives: Interest rate contracts Foreign exchange contracts Total liabilities $ $ $ * Excluded from this table are the Company’s cash equivalents, which were carried at cost that approximates fair value. The cash equivalents consist primarily of money market funds that were Level 1 measurements.
Fair Value, Nonrecurring, Level 3 Measurements from Impairments	Fair value, nonrecurring, Level 3 measurements from impairments were as follows (in millions of dollars): Fair Value (Gains) / Losses Three Months Ended Nine Months Ended July 31 October 31 July 31 July 31 July 31 2016 2015 2015 2016 2015 2016 2015 Receivables: Retail notes $ $ $ $ $ $ Revolving charge accounts (.2) (.2) Wholesale receivables $ .3 Financing leases .6 (.1) Equipment on operating leases – net Other assets Total $ $ $ $ $ $ $

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Jul. 31, 2016
Derivative Instruments
Fair Value Hedge Interest Rate Contracts and Underlying Borrowings	The gains (losses) on these contracts and the underlying borrowings recorded in interest expense were as follows (in millions of dollars): Three Months Ended Nine Months Ended July 31 July 31 2016 2015 2016 2015 Interest rate contracts * $ $ $ $ Borrowings ** * Includes changes in fair value of interest rate contracts excluding net accrued interest income of $35.0 million and $40.7 million during the third quarter of 2016 and 2015, respectively, and $110.8 million and $126.2 million during the first nine months of 2016 and 2015, respectively. ** Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $72.2 million and $63.2 million during the third quarter of 2016 and 2015, respectively, and $207.5 million and $193.4 million during the first nine months of 2016 and 2015, respectively.
Fair Value of Derivative Instruments in Consolidated Balance Sheet	Fair values of derivative instruments in the consolidated balance sheet were as follows (in millions of dollars): July 31 October 31 July 31 2016 2015 2015 Receivables from John Deere Designated as hedging instruments: Interest rate contracts $ $ $ Not designated as hedging instruments: Interest rate contracts Cross-currency interest rate contracts Total not designated Other Assets Designated as hedging instruments: Interest rate contracts Not designated as hedging instruments: Interest rate contracts .6 Foreign exchange contracts Total not designated Total derivatives $ $ $ Other Payables to John Deere Designated as hedging instruments: Interest rate contracts $ $ $ Not designated as hedging instruments: Interest rate contracts Cross-currency interest rate contracts .1 Total not designated Accounts Payable and Accrued Expenses Not designated as hedging instruments: Interest rate contracts Foreign exchange contracts Total not designated Total derivatives $ $ $
Gains (Losses) Related to Derivative Instruments on Statement of Consolidated Income	The classification and gains (losses), including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following (in millions of dollars): Three Months Ended Nine Months Ended Expense or OCI July 31 July 31 Classification 2016 2015 2016 2015 Fair Value Hedges: Interest rate contracts Interest expense $ $ $ $ Cash Flow Hedges: Recognized in OCI (Effective Portion): Interest rate contracts OCI (pretax) Reclassified from OCI (Effective Portion): Interest rate contracts Interest expense Recognized Directly in Income (Ineffective Portion) ** ** ** ** Not Designated as Hedges: Interest rate contracts Interest expense * $ $ $ $ Foreign exchange contracts Administrative and operating expenses * Total not designated $ $ $ $ * Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. ** The amount is not significant.
Impact on Derivative Assets and Liabilities for External Derivatives and those with John Deere Related to Netting Arrangements and Collateral	Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities for external derivatives and those with John Deere related to netting arrangements and any collateral received or paid were as follows (in millions of dollars): July 31, 2016 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere October 31, 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere July 31, 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Received Net Amount Assets External $ $ $ John Deere Liabilities External John Deere .8

Other Comprehensive Income It24

Other Comprehensive Income Items - After-Tax Changes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
After-tax changes in accumulated other comprehensive income (loss)
Balance			$ 3,749.8	$ 3,805.1
Net current period other comprehensive income (loss)	$ (22.3)	$ (15.6)	(14.3)	(61.4)
Balance	3,660.3	3,835.1	3,660.3	3,835.1
Accumulated Other Comprehensive Income (Loss)
After-tax changes in accumulated other comprehensive income (loss)
Balance			(63.1)	5.4
Other comprehensive income (loss) items before reclassification			(17.1)	(65.5)
Amounts reclassified from accumulated other comprehensive income			2.8	4.1
Net current period other comprehensive income (loss)			(14.3)	(61.4)
Balance	(77.4)	(56)	(77.4)	(56)
Cumulative Translation Adjustment
After-tax changes in accumulated other comprehensive income (loss)
Balance			(60.4)	6
Other comprehensive income (loss) items before reclassification			(15.3)	(60.7)
Net current period other comprehensive income (loss)	(22.3)	(14.9)	(15.3)	(60.7)
Balance	(75.7)	(54.7)	(75.7)	(54.7)
Unrealized Gain (Loss) on Derivatives
After-tax changes in accumulated other comprehensive income (loss)
Balance			(2.7)	(0.6)
Other comprehensive income (loss) items before reclassification	(0.7)	(2.3)	(1.8)	(4.8)
Amounts reclassified from accumulated other comprehensive income			2.8	4.1
Net current period other comprehensive income (loss)		(0.7)	1	(0.7)
Balance	$ (1.7)	$ (1.3)	$ (1.7)	$ (1.3)

Other Comprehensive Income It25

Other Comprehensive Income Items - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Other comprehensive income (loss), before tax
Interest expense	$ (109.8)	$ (78.8)	$ (305)	$ (231.1)
Total other comprehensive income (loss), before tax	(22.3)	(16)	(13.8)	(61.8)
Other comprehensive income (loss), tax (expense) credit
Total other comprehensive income (loss), tax (expense) credit		0.4	(0.5)	0.4
Other comprehensive income (loss), after tax
Other comprehensive income (loss), net of income taxes	(22.3)	(15.6)	(14.3)	(61.4)
Cumulative Translation Adjustment
Other comprehensive income (loss), before tax
Total other comprehensive income (loss), before tax	(22.3)	(14.9)	(15.3)	(60.7)
Other comprehensive income (loss), after tax
Unrealized hedging gain (loss), after tax			(15.3)	(60.7)
Other comprehensive income (loss), net of income taxes	(22.3)	(14.9)	(15.3)	(60.7)
Unrealized Gain (Loss) on Derivatives
Other comprehensive income (loss), before tax
Unrealized hedging gain (loss), before tax	(1.1)	(3.5)	(2.8)	(7.4)
Total other comprehensive income (loss), before tax		(1.1)	1.5	(1.1)
Other comprehensive income (loss), tax (expense) credit
Unrealized hedging gain (loss), tax (expense) credit	0.4	1.2	1	2.6
Total other comprehensive income (loss), tax (expense) credit		0.4	(0.5)	0.4
Other comprehensive income (loss), after tax
Unrealized hedging gain (loss), after tax	(0.7)	(2.3)	(1.8)	(4.8)
Reclassification of realized (gain) loss, after tax			2.8	4.1
Other comprehensive income (loss), net of income taxes		(0.7)	1	(0.7)
Unrealized Gain (Loss) on Derivatives | Interest rate contracts | Reclassifications of realized gain (loss)
Other comprehensive income (loss), before tax
Interest expense	1.1	2.4	4.3	6.3
Other comprehensive income (loss), tax (expense) credit
Reclassification of realized (gain) loss, tax expense (credit)	(0.4)	(0.8)	(1.5)	(2.2)
Other comprehensive income (loss), after tax
Reclassification of realized (gain) loss, after tax	$ 0.7	$ 1.6	$ 2.8	$ 4.1

Receivables - Past Due Age Anal

Receivables - Past Due Age Analysis (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Receivable, Past Due
Minimum number of days for a receivable to be considered past due	30 days
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 435.6	$ 346.1	$ 311.9
Total Non-Performing	120.2	86.5	80
Current	28,317.6	28,659.8	29,980.8
Total Receivables	28,873.4	29,092.4	30,372.7
30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	223.2	193.3	169.5
60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	101	91.7	70.9
90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 111.4	61.1	71.5
Retail notes
Receivable, Past Due
Generally the approximate number of days before a receivable is considered to be non-performing, accrual of finance income is suspended and the estimated uncollectible amount is written off	120 days
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Receivables	$ 17,491.6		18,554.9
Retail notes | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	240.4	192.3	168.2
Total Non-Performing	77.6	45.8	48.8
Current	14,684	15,956.8	15,911.9
Total Receivables	15,002	16,194.9	16,128.9
Retail notes | Agriculture and turf | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	114.9	100.2	82.2
Retail notes | Agriculture and turf | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	54.1	48.8	38.3
Retail notes | Agriculture and turf | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	71.4	43.3	47.7
Retail notes | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	133.8	102.3	96.5
Total Non-Performing	21.9	17	15.9
Current	2,333.9	2,344.8	2,313.6
Total Receivables	2,489.6	2,464.1	2,426
Retail notes | Construction and forestry | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	71.8	61.7	63
Retail notes | Construction and forestry | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	36	28.5	19.9
Retail notes | Construction and forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 26	12.1	13.6
Revolving charge accounts
Receivable, Past Due
Generally the approximate number of days before a receivable is considered to be non-performing, accrual of finance income is suspended and the estimated uncollectible amount is written off	120 days
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Receivables	$ 2,937.3	2,680.8	2,618.4
Revolving charge accounts | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	24.2	17.3	15.9
Total Non-Performing	0.9	1.8	1.2
Current	2,833.6	2,579.5	2,518
Total Receivables	2,858.7	2,598.6	2,535.1
Revolving charge accounts | Agriculture and turf | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	14.5	11.4	9.7
Revolving charge accounts | Agriculture and turf | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.4	5.1	2.9
Revolving charge accounts | Agriculture and turf | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	6.3	0.8	3.3
Revolving charge accounts | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.7	3.2	3.1
Total Non-Performing		0.1
Current	74.9	78.9	80.2
Total Receivables	78.6	82.2	83.3
Revolving charge accounts | Construction and forestry | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	2.3	2.1	1.7
Revolving charge accounts | Construction and forestry | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	1	0.8	0.8
Revolving charge accounts | Construction and forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 0.4	0.3	0.6
Wholesale receivables
Receivable, Past Due
Generally the approximate number of days before a receivable is considered to be non-performing, accrual of finance income is suspended and the estimated uncollectible amount is written off	60 days
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Receivables	$ 7,866.9	7,185.5	8,660.5
Wholesale receivables | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	11.6	4.7	5.4
Total Non-Performing	10.4	10.3	0.4
Current	6,777.9	5,981.2	7,173.6
Total Receivables	6,799.9	5,996.2	7,179.4
Wholesale receivables | Agriculture and turf | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	7.9	2	3.5
Wholesale receivables | Agriculture and turf | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3	2.1	0.3
Wholesale receivables | Agriculture and turf | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	0.7	0.6	1.6
Wholesale receivables | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.3	2.2	2.7
Current	1,063.7	1,187.1	1,478.4
Total Receivables	1,067	1,189.3	1,481.1
Wholesale receivables | Construction and forestry | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	0.1	0.8	1.3
Wholesale receivables | Construction and forestry | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	0.1
Wholesale receivables | Construction and forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 3.1	1.4	1.4
Financing leases
Receivable, Past Due
Generally the approximate number of days before a receivable is considered to be non-performing, accrual of finance income is suspended and the estimated uncollectible amount is written off	120 days
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Receivables	$ 577.6	567.1	538.9
Financing leases | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	15.1	20.2	15.4
Total Non-Performing	6.8	8.2	8.2
Current	376.6	360.8	342.3
Total Receivables	398.5	389.2	365.9
Financing leases | Agriculture and turf | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	9	12.3	5.8
Financing leases | Agriculture and turf | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3	5.7	7.3
Financing leases | Agriculture and turf | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.1	2.2	2.3
Financing leases | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.5	3.9	4.7
Total Non-Performing	2.6	3.3	5.5
Current	173	170.7	162.8
Total Receivables	179.1	177.9	173
Financing leases | Construction and forestry | 30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	2.7	2.8	2.3
Financing leases | Construction and forestry | 60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	0.4	0.7	1.4
Financing leases | Construction and forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 0.4	$ 0.4	$ 1

Receivables - Allowance for Cre

Receivables - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Allowance:
Beginning of period balance	$ 112.4	$ 111.2	$ 109.8	$ 112.4
Provision (credit) for credit losses	29.8	17.4	57.4	29.5
Write-offs	(35.5)	(25.3)	(72.7)	(48.2)
Recoveries	7	6.8	19.2	17.5
Other changes (primarily translation adjustments)	(0.4)	(0.3)	(0.4)	(1.4)
End of period balance	113.3	109.8	113.3	109.8
Balance individually evaluated	4.2	0.8	4.2	0.8
Receivables:
End of period balance	28,873.4	30,372.7	28,873.4	30,372.7	$ 29,092.4
Balance individually evaluated	56.1	23.7	56.1	23.7
Retail notes
Allowance:
Beginning of period balance	55.5	55.7	53.3	56.1
Provision (credit) for credit losses	7.2	3.2	21.5	7.8
Write-offs	(7.2)	(6.4)	(22.3)	(13.8)
Recoveries	1.4	2.1	4.4	5.1
Other changes (primarily translation adjustments)	(0.2)	(0.2)	(0.2)	(0.8)
End of period balance	56.7	54.4	56.7	54.4
Balance individually evaluated	2.9	0.8	2.9	0.8
Receivables:
End of period balance	17,491.6	18,554.9	17,491.6	18,554.9
Balance individually evaluated	39.9	19.5	39.9	19.5
Revolving charge accounts
Allowance:
Beginning of period balance	39.7	39.9	39.7	39.9
Provision (credit) for credit losses	22	13.4	34	20.9
Write-offs	(27.4)	(18.2)	(48.4)	(33)
Recoveries	5.4	4.6	14.4	11.9
End of period balance	39.7	39.7	39.7	39.7
Receivables:
End of period balance	2,937.3	2,618.4	2,937.3	2,618.4	2,680.8
Balance individually evaluated	2.3	3	2.3	3
Wholesale receivables
Allowance:
Beginning of period balance	8.4	7.2	8.1	7.6
Provision (credit) for credit losses	0.1	0.3	0.2	(0.1)
Write-offs	(0.1)	(0.1)	(0.1)	(0.3)
Recoveries	0.1	0.1	0.1	0.5
Other changes (primarily translation adjustments)	(0.1)	(0.1)	0.1	(0.3)
End of period balance	8.4	7.4	8.4	7.4
Balance individually evaluated	1.3		1.3
Receivables:
End of period balance	7,866.9	8,660.5	7,866.9	8,660.5	7,185.5
Balance individually evaluated	13	1.2	13	1.2
Financing leases
Allowance:
Beginning of period balance	8.8	8.4	8.7	8.8
Provision (credit) for credit losses	0.5	0.5	1.7	0.9
Write-offs	(0.8)	(0.6)	(1.9)	(1.1)
Recoveries	0.1		0.3
Other changes (primarily translation adjustments)	(0.1)		(0.3)	(0.3)
End of period balance	8.5	8.3	8.5	8.3
Receivables:
End of period balance	577.6	$ 538.9	577.6	$ 538.9	$ 567.1
Balance individually evaluated	$ 0.9		$ 0.9

Receivables - Impaired Receivab

Receivables - Impaired Receivables (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Recorded Investment
Receivables with specific allowance	$ 23.4	$ 4.6	$ 10.5
Receivables without specific allowance	6.8	11.5	10.1
Total	30.2	16.1	20.6
Unpaid Principal Balance
Receivables with specific allowance	22.7	4.4	10.4
Receivables without specific allowance	6.7	11.3	10.1
Total	29.4	15.7	20.5
Specific Allowance	4.2	0.8	1.2
Average Recorded Investment
Receivables with specific allowance	24.2	7.8	10.4
Receivables without specific allowance	8.3	12.7	12.5
Total	32.5	20.5	22.9
Agriculture and turf
Recorded Investment
Total	24.5	11.7	16.9
Unpaid Principal Balance
Total	23.8	11.3	16.8
Specific Allowance	3.8	0.8	1
Average Recorded Investment
Total	26.4	15.9	18
Construction and forestry
Recorded Investment
Total	5.7	4.4	3.7
Unpaid Principal Balance
Total	5.6	4.4	3.7
Specific Allowance	0.4		0.2
Average Recorded Investment
Total	6.1	4.6	4.9
Retail notes
Recorded Investment
Receivables with specific allowance	13	4.6
Receivables without specific allowance	6.5	10.9	9.5
Unpaid Principal Balance
Receivables with specific allowance	12.3	4.4
Receivables without specific allowance	6.4	10.7	9.5
Specific Allowance	2.9	0.8
Average Recorded Investment
Receivables with specific allowance	13.2	7.8
Receivables without specific allowance	7.8	12.1	11.8
Wholesale receivables
Recorded Investment
Receivables with specific allowance	10.4		9.7
Receivables without specific allowance	0.3	0.6	0.6
Unpaid Principal Balance
Receivables with specific allowance	10.4		9.7
Receivables without specific allowance	0.3	0.6	0.6
Specific Allowance	1.3		1
Average Recorded Investment
Receivables with specific allowance	11		9.7
Receivables without specific allowance	$ 0.5	$ 0.6	0.7
Financing leases
Recorded Investment
Receivables with specific allowance			0.8
Unpaid Principal Balance
Receivables with specific allowance			0.7
Specific Allowance			0.2
Average Recorded Investment
Receivables with specific allowance			$ 0.7

Receivables - Troubled Debt Res

Receivables - Troubled Debt Restructurings (Details) $ in Millions	9 Months Ended
	Jul. 31, 2016USD ($)item	Jul. 31, 2015USD ($)item
Receivables Related to Troubled Debt Restructurings
Receivable contracts in troubled debt restructuring, number | item	65	76
Receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 2.1	$ 2.2
Receivables in troubled debt restructurings, aggregate balances, post-modification	$ 1.5	$ 1.7
Number of troubled debt restructurings that subsequently defaulted | item	0	0
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 0

Securitization of Receivables30

Securitization of Receivables (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2016	Oct. 31, 2015	Aug. 31, 2015	Jul. 31, 2015
Securitization of Receivables
Unconsolidated conduits, carrying value of liabilities	$ 1,940.2
Unconsolidated conduits, maximum exposure to loss	2,112.7
Retail notes securitized	5,961.4	$ 4,848.4		$ 4,751
Allowance for credit losses - securitization transactions	(14)	(13.8)		(13.2)
Other assets - securitization transactions	129.2	109.4		108
Total restricted securitized assets - securitization transactions	6,076.6	4,944		4,845.8
Securitization borrowings	5,728.9	4,590		4,595.4
Accrued interest on borrowings - securitization transactions	2.7	2.1		2.1
Total liabilities related to restricted securitized assets - securitization transactions	$ 5,731.6	4,592.1		4,597.5
Maximum remaining term of all restricted receivables	7 years
VIE-Primary Beneficiary
Securitization of Receivables
Total restricted securitized assets - securitization transactions	$ 3,210.5	3,005.4		2,638.8
Total liabilities related to restricted securitized assets - securitization transactions	3,099.4	2,743.2		2,533.9
Restricted securitized assets - securitization transaction retained	0	189.3	$ 228
Non-VIE Banking Operation
Securitization of Receivables
Total restricted securitized assets - securitization transactions	753.4	249.2		283.8
Total liabilities related to restricted securitized assets - securitization transactions	692	237.7		265.3
VIE-Not Primary Beneficiary
Securitization of Receivables
Total assets	45,500
Total restricted securitized assets - securitization transactions	2,112.7	1,689.4		1,923.2
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,940.2	$ 1,611.2		$ 1,798.3

Commitments and Contingencies -

Commitments and Contingencies - Guarantees (Details) $ in Millions	9 Months Ended
	Jul. 31, 2016USD ($)
John Deere Financial Inc. | Guarantees of debt and derivatives | Commercial paper
Guarantee Obligations
Guarantee obligations maximum exposure	$ 211
John Deere Financial Inc. | Guarantees of debt and derivatives | Derivative Instruments
Guarantee Obligations
Guarantee obligations maximum exposure	15.1
Notional amount	1,897.9
John Deere Canada Funding Inc. (JDCFI) | VIE-Not Primary Beneficiary
Guarantee Obligations
Carrying value of assets or liabilities related to JDCFI	0
John Deere Canada Funding Inc. (JDCFI) | VIE-Not Primary Beneficiary | Guarantees of debt and derivatives
Guarantee Obligations
Guarantee obligations maximum exposure	$ 1,710.5
Weighted average interest rate (as a percent)	2.10%
Maximum remaining maturity	6 years

Commitments and Contingencies32

Commitments and Contingencies - Commitments (Details) $ in Millions	Jul. 31, 2016USD ($)
Commitments
Restricted other assets	$ 21.2
John Deere dealers
Commitments
Unused commitments	8,400
Customers
Commitments
Unused commitments	$ 27,800
Minimum percentage of unused commitments to extend credit to customers that relate to revolving charge accounts	95.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015
Unrecognized Tax Benefits
Unrecognized tax benefits	$ 34	$ 36
Unrecognized tax benefits affecting effective tax rate if recognized	$ 17.6

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Fair Values of Financial Instruments
Securitization borrowings	$ 5,728.9	$ 4,590	$ 4,595.4
Current maturities of long-term borrowings	4,765.2	4,465.4	3,730.3
Long-term borrowings	16,947.2	16,980.5	16,659
Level 3
Fair Values of Financial Instruments
Receivables financed - net	22,778.8	24,126.5	25,455.9
Retail notes securitized - net	5,939.1	4,820.5	4,709.1
Level 2
Fair Values of Financial Instruments
Securitization borrowings	5,733.3	4,590.2	4,596
Current maturities of long-term borrowings	4,781.6	4,478.7	3,736.7
Long-term borrowings	17,178.6	17,007.6	16,756.8
Carrying Value
Fair Values of Financial Instruments
Receivables financed - net	22,812.7	24,148	25,525.1
Retail notes securitized - net	5,947.4	4,834.6	4,737.8
Securitization borrowings	5,728.9	4,590	4,595.4
Current maturities of long-term borrowings	4,765.2	4,465.4	3,730.3
Long-term borrowings	$ 16,947.2	$ 16,980.5	$ 16,659

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	$ 488	$ 348.1	$ 335.8
Derivative liabilities	43	47.9	64.1
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	488	348.1	335.8
Derivative liabilities	43	47.9	64.1
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Interest rate contracts | Receivables from John Deere
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	395.5	241.6	212.4
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Interest rate contracts | Other assets
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	72	83.7	102.5
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Interest rate contracts | Other payables to John Deere
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative liabilities	19.3	22.4	38.4
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Interest rate contracts | Accounts payable and accrued expenses
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative liabilities	18.4	19.8	23.1
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Foreign exchange contracts | Other assets
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	8.7	11.3	8.2
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Foreign exchange contracts | Accounts payable and accrued expenses
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative liabilities	5.3	5.6	2.6
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Cross-currency interest rate contracts | Receivables from John Deere
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	$ 11.8	11.5	$ 12.7
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Cross-currency interest rate contracts | Other payables to John Deere
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative liabilities		$ 0.1

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring, Level 3 Measurements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Assets and liabilities measured at fair value
Receivables - net	$ 28,760.1	$ 30,262.9	$ 28,760.1	$ 30,262.9	$ 28,982.6
Equipment on operating leases - net	4,167.7	3,136.9	4,167.7	3,136.9	3,609.8
Fair Value, Nonrecurring Measurements | Level 3
Assets and liabilities measured at fair value
Equipment on operating leases - net					478.7
Losses, Equipment on operating leases - net			29.6
Other assets					96.2
Losses, Other assets			20.1
Total fair value	19.2	3.8	19.2	3.8	584.2
Total (gains) losses	1.3	(1.2)	52.8	(1.2)
Fair Value, Nonrecurring Measurements | Level 3 | Retail notes
Assets and liabilities measured at fair value
Receivables - net	10.1	3.8	10.1	3.8
(Gains) losses on fair value of receivables	1.3	(1)	2.9	(1)
Fair Value, Nonrecurring Measurements | Level 3 | Revolving charge accounts
Assets and liabilities measured at fair value
(Gains) losses on fair value of receivables		$ (0.2)		$ (0.2)
Fair Value, Nonrecurring Measurements | Level 3 | Wholesale receivables
Assets and liabilities measured at fair value
Receivables - net	$ 9.1		9.1		8.7
(Gains) losses on fair value of receivables			0.3
Fair Value, Nonrecurring Measurements | Level 3 | Financing leases
Assets and liabilities measured at fair value
Receivables - net					$ 0.6
(Gains) losses on fair value of receivables			$ (0.1)

Derivative Instruments - Cash F

Derivative Instruments - Cash Flow Hedges (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Cash Flow Hedges
Cash flow hedge gain (loss) recorded in OCI to be reclassified within twelve months	$ 1.4
Maximum maturity of cash flow hedge interest rate and cross-currency interest rate contracts	29 months
Gains or losses reclassified from OCI to earnings	$ 0
Interest rate contracts | Cash flow hedges | Designated as hedges
Cash Flow Hedges
Notional amounts	$ 1,850	$ 2,800	$ 2,800

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Hedges (Details) - Interest rate contracts - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Fair Value Hedges
Gains (losses) on ineffective portion of interest rate fair value hedge derivatives	$ 2.5	$ (0.3)	$ 1.3	$ 1.1
Gain (Loss) on Fair Value Hedges
Gains (losses) on interest rate contracts	79.7	(11.7)	148	40.4
Net accrued interest income on interest rate contracts	35	40.7	110.8	126.2
Gains (losses) on borrowings	(77.2)	11.4	(146.7)	(39.3)
Accrued interest expense on borrowings	72.2	63.2	207.5	193.4
Fair Value Hedges | Designated as hedges
Fair Value Hedges
Notional amounts	$ 8,981.3	$ 8,203.4	$ 8,981.3	$ 8,203.4	$ 8,048.6

Derivative Instruments - Not De

Derivative Instruments - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Interest rate contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 2,448.3	$ 2,679.5	$ 2,651.3
Interest rate contracts | Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	2,667.1	1,902.1	2,086.8
Interest rate contracts | Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	2,667.1	1,902.1	2,086.8
Foreign exchange contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	1,325.7	966.6	853.6
Cross-currency interest rate contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 63.7	$ 75.6	$ 79.7

Derivative Instruments - Fair40

Derivative Instruments - Fair Value (Details) - USD ($) $ in Millions	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Fair Value of Derivative Instruments
Total derivative assets	$ 488	$ 348.1	$ 335.8
Total derivative liabilities	43	47.9	64.1
Designated as hedges | Interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	362.9	207.2	173.6
Designated as hedges | Interest rate contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	71.4	80.9	97.7
Designated as hedges | Interest rate contracts | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	4.3	7.1	19.4
Not Designated as Hedging Instruments | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	44.4	45.9	51.5
Not Designated as Hedging Instruments | Other assets
Fair Value of Derivative Instruments
Total derivative assets	9.3	14.1	13
Not Designated as Hedging Instruments | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	15	15.4	19
Not Designated as Hedging Instruments | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities	23.7	25.4	25.7
Not Designated as Hedging Instruments | Interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	32.6	34.4	38.8
Not Designated as Hedging Instruments | Interest rate contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	0.6	2.8	4.8
Not Designated as Hedging Instruments | Interest rate contracts | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	15	15.3	19
Not Designated as Hedging Instruments | Interest rate contracts | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities	18.4	19.8	23.1
Not Designated as Hedging Instruments | Foreign exchange contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	8.7	11.3	8.2
Not Designated as Hedging Instruments | Foreign exchange contracts | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities	5.3	5.6	2.6
Not Designated as Hedging Instruments | Cross-currency interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	$ 11.8	11.5	$ 12.7
Not Designated as Hedging Instruments | Cross-currency interest rate contracts | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities		$ 0.1

Derivative Instruments - Gains

Derivative Instruments - Gains (Losses) on Statement of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 49.6	$ 30.7	$ 31.9	$ 139.5
John Deere
Classification and gains (losses) including accrued interest expense related to derivative instruments
Gain (loss) on derivatives transactions with affiliate party	115.9	26.5	257.1	165.4
Interest rate contracts | Interest expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	114.7	29	258.8	166.6
Not designated as hedges, gains (losses)	(2.7)	(3.2)	(3.3)	(6.6)
Interest rate contracts | Interest expense | Cash flow hedges
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, reclassified from OCI, effective portion, gains (losses)	(1.1)	(2.4)	(4.3)	(6.3)
Interest rate contracts | OCI (pretax)
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI, effective portion, gains (losses)	(1.1)	(3.5)	(2.8)	(7.4)
Foreign exchange contracts | Administrative and operating expenses
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 52.3	$ 33.9	$ 35.2	$ 146.1

Derivative Instruments - Counte

Derivative Instruments - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Derivative assets
Gross Amounts Recognized	$ 488	$ 335.8	$ 348.1
Derivative liabilities
Gross Amounts Recognized	43	64.1	47.9
John Deere
Derivative assets
Gross Amounts Recognized	407.3	225.1	253.1
Netting Arrangements	(19.3)	(37.6)	(22.5)
Net Amount	388	187.5	230.6
Derivative liabilities
Gross Amounts Recognized	19.3	38.4	22.5
Netting Arrangements	(19.3)	(37.6)	(22.5)
Net Amount		0.8
External
Derivative assets
Gross Amounts Recognized	80.7	110.7	95
Netting Arrangements	(19.8)	(23.5)	(20.3)
Net Amount	60.9	87.2	74.7
Derivative liabilities
Gross Amounts Recognized	23.7	25.7	25.4
Netting Arrangements	(19.8)	(23.5)	(20.3)
Net Amount	3.9	2.2	5.1
Derivative Instruments
Counterparty Risk and Collateral
Aggregate liability positions for derivatives with credit risk related contingent features	0	0	0
Derivative Instruments | John Deere
Counterparty Risk and Collateral
Increase (decrease) in maximum loss if derivative counterparties fail to meet obligations - loss sharing agreement	$ 0.5	$ 5.6	$ 2.2

Pension and Other Postretirem43

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Pensions
Defined Benefit Plan Disclosure
Expenses related to defined benefit plans	$ 1.2	$ 2.6	$ 4.4	$ 7.6
Health Care and Life Insurance
Defined Benefit Plan Disclosure
Expenses related to defined benefit plans	$ 0.6	$ 0.9	$ 1.8	$ 2.8