Deere John Capital (DE22B) 10-K 19 Dec 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2016	Nov. 30, 2016
Document and Entity Information
Entity Registrant Name	DEERE JOHN CAPITAL CORP
Entity Central Index Key	27,673
Document Type	10-K
Document Period End Date	Oct. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float	$ 0
Entity Common Stock, Shares Outstanding		2,500
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

Statement of Consolidated Incom

Statement of Consolidated Income - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Revenues
Finance income earned on retail notes	$ 695	$ 723	$ 748.1
Revolving charge account income	260.7	241.4	245.1
Finance income earned on wholesale receivables	354.5	376.2	396.6
Lease revenues	740.2	578.7	435.1
Operating loan income			0.6
Other income - net	43.8	32.4	70.3
Total revenues	2,094.2	1,951.7	1,895.8
Expenses
Interest expense	422.1	311.9	281.1
Operating expenses:
Administrative and operating expenses	466.9	374.7	410.6
Fees paid to John Deere	51.7	50	72.7
Provision for credit losses	68.8	32.3	27.3
Depreciation of equipment on operating leases	564.5	415.9	301.2
Total operating expenses	1,151.9	872.9	811.8
Total expenses	1,574	1,184.8	1,092.9
Income of consolidated group before income taxes	520.2	766.9	802.9
Provision for income taxes	180.3	269.9	260.6
Income of consolidated group	339.9	497	542.3
Equity in income of unconsolidated affiliate	1.6	1.2	1.9
Net income	341.5	498.2	544.2
Less: Net loss attributable to noncontrolling interests	(0.1)
Net income attributable to the Company	$ 341.6	$ 498.2	$ 544.2

Statement of Consolidated Compr

Statement of Consolidated Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Statement of Consolidated Comprehensive Income
Net income	$ 341.5	$ 498.2	$ 544.2
Other comprehensive income (loss), net of income taxes
Cumulative translation adjustment	(23.7)	(66.4)	(33.5)
Unrealized gain (loss) on derivatives	3	(2.1)	3.3
Other comprehensive income (loss), net of income taxes	(20.7)	(68.5)	(30.2)
Comprehensive income of consolidated group	320.8	429.7	514
Less: Comprehensive loss attributable to noncontrolling interests	(0.1)
Comprehensive income attributable to the Company	$ 320.9	$ 429.7	$ 514

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Assets
Cash and cash equivalents	$ 1,089.6	$ 1,163.7
Receivables:
Total receivables	27,714.5	29,092.4
Allowance for credit losses	(111.7)	(109.8)
Total receivables - net	27,602.8	28,982.6
Other receivables	74.6	49.2
Receivables from John Deere	252	253.1
Equipment on operating leases - net	4,396.2	3,609.8
Investment in unconsolidated affiliate	11.9	10.5
Deferred income taxes	28.1	25.8
Other assets	612.6	558.1
Total Assets	34,067.8	34,652.8
Short-term borrowings:
Commercial paper and other notes payable	386.4	2,343.6
Securitization borrowings	5,002.5	4,590
John Deere	2,270.3	1,123.5
Current maturities of long-term borrowings	4,510.7	4,465.4
Total short-term borrowings	12,169.9	12,522.5
Other payables to John Deere	24	22.5
Accounts payable and accrued expenses	799.6	793.6
Deposits withheld from dealers and merchants	205.9	151.9
Deferred income taxes	713.8	432
Long-term borrowings	16,568.9	16,980.5
Total liabilities	30,482.1	30,903
Commitments and contingencies (Note 18)
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
Retained earnings	2,186.3	2,329.7
Accumulated other comprehensive income (loss)	(83.8)	(63.1)
Total Company stockholder's equity	3,585.3	3,749.4
Noncontrolling interests	0.4	0.4
Total stockholder's equity	3,585.7	3,749.8
Total Liabilities and Stockholder's Equity	34,067.8	34,652.8
Retail notes
Receivables:
Total receivables	17,468.2	18,659
Allowance for credit losses	(56.3)	(53.3)
Retail notes | Unrestricted
Receivables:
Total receivables	12,327	13,810.6
Retail notes | Securitized
Receivables:
Total receivables	5,141.2	4,848.4
Revolving charge accounts
Receivables:
Total receivables	3,078.5	2,680.8
Allowance for credit losses	(39.7)	(39.7)
Wholesale receivables
Receivables:
Total receivables	6,562.5	7,185.5
Allowance for credit losses	(7.2)	(8.1)
Financing leases
Receivables:
Total receivables	$ 605.3	$ 567.1

Consolidated Balance Sheet (Par

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

Statement of Consolidated Cash

Statement of Consolidated Cash Flows - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Cash Flows from Operating Activities:
Net income	$ 341.5	$ 498.2	$ 544.2
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	68.8	32.3	27.3
Provision for depreciation and amortization	577.7	427.1	312.3
Provision (credit) for deferred income taxes	277.8	125.3	(42.9)
Impairment charges	59.7	19.4
Undistributed earnings of unconsolidated affiliate	(1.5)	(1)	(1.7)
Change in accounts payable and accrued expenses	13.2	82	27.5
Change in accrued income taxes payable/receivable	(13.1)	5.9	3.1
Other	162.1	90.5	24
Net cash provided by operating activities	1,486.2	1,279.7	893.8
Cash Flows from Investing Activities:
Cost of receivables acquired (excluding wholesale)	(13,523.7)	(14,287.7)	(16,525)
Collections of receivables (excluding wholesale)	14,220.1	14,604.7	15,015.5
Decrease (increase) in wholesale receivables - net	591.2	497.3	(576.7)
Cost of equipment on operating leases acquired	(2,497.9)	(2,293.9)	(1,759.5)
Proceeds from sales of equipment on operating leases	900.7	737.1	731.6
Change in restricted cash	(10)	(7)	(27.3)
Decrease in collateral on derivatives received - net			(2.4)
Other	28.6	(36.3)	(24.3)
Net cash used for investing activities	(291)	(785.8)	(3,168.1)
Cash Flows from Financing Activities:
Increase (decrease) in commercial paper and other notes payable - net	(1,979.7)	379	(491.1)
Increase in securitization borrowings - net	412.3	31.4	449.3
Increase (decrease) in payable to John Deere - net	1,161.8	(870.7)	(139.8)
Proceeds from issuance of long-term borrowings	4,096.8	4,478.8	6,888.4
Payments of long-term borrowings	(4,451.7)	(3,889.2)	(3,577)
Dividends paid	(485)	(485)	(140)
Capital investment from John Deere	0.1
Debt issuance costs	(26)	(23.6)	(31)
Net cash provided by (used for) financing activities	(1,271.4)	(379.3)	2,958.8
Effect of exchange rate changes on cash and cash equivalents	2.1	(10.3)	(4.6)
Net increase (decrease) in cash and cash equivalents	(74.1)	104.3	679.9
Cash and cash equivalents at the beginning of year	1,163.7	1,059.4	379.5
Cash and cash equivalents at the end of year	$ 1,089.6	$ 1,163.7	$ 1,059.4

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, 2013	$ 1,482.8	$ 1,912.3	$ 35.6	$ 0.4	$ 3,431.1
Increase (Decrease) in Stockholder's Equity
Net income		544.2			544.2
Other comprehensive loss			(30.2)		(30.2)
Dividends declared		(140)			(140)
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		498.2			498.2
Other comprehensive loss			(68.5)		(68.5)
Dividends declared		(485)			(485)
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		341.6		(0.1)	341.5
Other comprehensive loss			(20.7)		(20.7)
Dividends declared		(485)			(485)
Capital investment				0.1	0.1
Balance at Oct. 31, 2016	$ 1,482.8	$ 2,186.3	$ (83.8)	$ 0.4	$ 3,585.7

Organization and Consolidation

Organization and Consolidation	12 Months Ended
	Oct. 31, 2016
Organization and Consolidation
Organization and Consolidation	John Deere Capital Corporation and Subsidiaries Note Note 1. Organization and Consolidation Corporate Organization John Deere Capital Corporation (Capital Corporation) and its subsidiaries are collectively called the Company. John Deere Financial Services, Inc. (JDFS), a wholly-owned finance holding subsidiary of Deere & Company, owns all of the outstanding common stock of Capital Corporation. The Company conducts business in Australia, New Zealand, the U.S., and in several countries in Africa, Asia, Europe and Latin America. Deere & Company and its wholly-owned subsidiaries are collectively called John Deere. 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.” The Company bears substantially all of the credit risk (net of recovery from withholdings from certain John Deere dealers and merchants) associated with its holding of Receivables and Leases. A small portion of the Receivables and Leases held (less than 5 percent) is guaranteed by certain subsidiaries of Deere & Company. The Company also performs substantially all servicing and collection functions. Servicing and collection functions for a small portion of the Receivables and Leases held (less than 5 percent) are provided by John Deere. John Deere is reimbursed for staff and other administrative services at estimated cost, and for credit lines provided to the Company based on utilization of those lines. Principles of Consolidation The consolidated financial statements include the financial statements of Capital Corporation and its subsidiaries. The consolidated financial statements represent primarily the consolidation of all companies in which Capital Corporation has a controlling interest. Certain variable interest entities (VIEs) are consolidated since the Company has both the power to direct the activities that most significantly impact the VIEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs. The Company records its investment in each unconsolidated affiliated company (generally 20 to 50 percent ownership) at its related equity in the net assets of such affiliate (see Note 23). Fiscal Year The Company uses a 52/53 week fiscal year ending on the last Sunday in the reporting period. The fiscal year ends for 2016, 2015 and 2014 were October 30, 2016, November 1, 2015 and November 2, 2014, respectively. Fiscal year 2014 contained 53 weeks. For ease of presentation, the consolidated financial statements and notes continue to be dated October 31. Variable Interest Entities The Company is the primary beneficiary of and consolidates certain VIEs that are special purpose entities (SPEs) related to the securitization of receivables. These restricted retail notes are included in the retail notes securitized shown in the table in Note 6.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies The following are significant accounting policies in addition to those included in other Notes to the Consolidated Financial Statements. 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. Revenue Recognition Financing revenue is recorded over the lives of the related receivables using the interest method. Deferred costs on the origination of receivables are recognized as a reduction in finance revenue over the expected lives of the receivables using the interest method. Income and deferred costs on the origination of operating leases are recognized on a straight-line basis over the scheduled lease terms in finance revenue. Securitization of Receivables Certain financing receivables are periodically transferred to SPEs in securitization transactions (see Note 6). These securitizations qualify as collateral for secured borrowings and no gains or losses are recognized at the time of securitization. The receivables remain on the balance sheet and are classified as “Retail notes securitized.” The Company recognizes finance income over the lives of these retail notes using the interest method. Depreciation Equipment on operating leases is depreciated over the terms of the leases using the straight-line method. Fees Paid to John Deere Fees paid to John Deere include corporate support fees and interest on intercompany borrowings from John Deere based on approximate market rates. 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 either a cash flow hedge, a fair value hedge, or remains undesignated. Changes in the fair value of derivatives that are designated and effective as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the item being hedged are recognized in the income statement. Changes in the fair value of derivatives that are designated and effective as fair value hedges are recognized currently in net income. These changes are offset in net income to the extent the hedge was effective by fair value changes related to the risk being hedged on the hedged item. Changes in the fair value of undesignated hedges are recognized currently in the income statement. All ineffective changes in derivative fair values are recognized currently in net income. 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, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, the hedge accounting discussed above is discontinued (see Note 21). Foreign Currency Translation The functional currencies for most of the Company’s foreign operations are their respective local currencies. The assets and liabilities of these operations are translated into U.S. dollars at the end of the period exchange rates. The revenues and expenses are translated at weighted-average rates for the period. The gains or losses from these translations are recorded in other comprehensive income. Gains or losses from transactions denominated in a currency other than the functional currency of the subsidiary involved and foreign exchange forward contracts are included in net income. The pretax net losses for foreign exchange in 2016, 2015 and 2014 were $13.9 million, $19.7 million and $27.4 million, respectively.

New Accounting Standards

New Accounting Standards	12 Months Ended
	Oct. 31, 2016
New Accounting Standards
New Accounting Standards	Note 3. New Accounting Standards New Accounting Standards to be Adopted 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. In August 2015, the FASB amended the effective date to be the first quarter of fiscal year 2019 with early adoption permitted in the first quarter of fiscal year 2018. The FASB issued several amendments clarifying various aspects of the ASU, including revenue transactions that involve a third party, goods or services that are immaterial in the context of the contract and licensing arrangements. 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. 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 periods the 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. 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. The effective date will be the first quarter of fiscal year 2019. Early adoption of the provisions affecting the Company is not permitted. The ASU 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’s primary change is the requirement for lessee entities to recognize a lease liability for payments and a right of use asset during the term of operating lease arrangements. The ASU does not significantly change the lessee’s recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. 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 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. This change 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 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. The ASU revises the measurement of credit losses for financial assets measured at amortized cost from an incurred loss methodology to an expected loss methodology. The ASU affects financing receivables, debt securities, net investment in leases and most other financial assets that represent a right to receive cash. 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 will be adopted using a retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, which amends ASC 740, Income Taxes. This ASU requires that the income tax consequences of an intra-entity asset transfer other than inventory are recognized at the time of the transfer. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted. The ASU will be adopted using a modified-retrospective approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash, which amends ASC 230, Statement of Cash Flows. This ASU requires that a statement of cash flows explain the change during the reporting period in the total of cash, cash equivalents, and restricted cash or restricted cash equivalents. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted, and will be adopted using a retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements.

Receivables

Receivables	12 Months Ended
	Oct. 31, 2016
Receivables
Receivables	Note 4. Receivables Retail Notes Receivable The Company provides and administers financing for retail purchases of new equipment manufactured by John Deere’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 John Deere. These retail notes are acquired by John Deere through John Deere equipment retail dealers. The Company also purchases and finances a limited amount of retail notes unrelated to John Deere. Retail notes receivable by product category at October 31 were as follows (in millions of dollars): 2016 2015 Unrestricted Securitized Unrestricted Securitized Agriculture and turf – new $ $ $ $ Agriculture and turf – used Construction and forestry – new Construction and forestry – used Total Unearned finance income Retail notes receivable $ $ $ $ Retail notes acquired by the Company during the years ended October 31, 2016, 2015 and 2014 had an average original term (based on dollar amounts) of 55 months, 55 months and 54 months, respectively. Historically, because of prepayments, the average actual life of retail notes has been considerably shorter than the average original term. The average actual life for retail notes liquidated in 2016, 2015 and 2014 was 37 months, 33 months and 30 months, respectively. Gross retail note installments at October 31 were scheduled to be received as follows (in millions of dollars): 2016 2015 Unrestricted Securitized Unrestricted Securitized Due in: 0-12 months $ $ $ $ 13-24 months 25-36 months 37-48 months 49-60 months Over 60 months Total $ $ $ $ Company guidelines relating to down payment requirements and contract terms on retail notes are generally as follows: Down Contract Payment Terms Agriculture and turf (new and used): Seasonal payments 10% - 30% 3 - 7 years Monthly payments 10% - 20% 36 - 84 months Construction and forestry: New 10% 48 - 60 months Used 15% 36 - 48 months Finance income is recognized over the lives of the retail notes using the interest method. During 2016, the average effective yield on retail notes held by the Company was approximately 3.9 percent, compared with 3.9 percent in 2015 and 4.0 percent in 2014. Finance income on variable-rate retail notes is adjusted monthly based on fluctuations in the base rate of a specified bank. Net costs incurred in the acquisition of retail notes are deferred and recognized over the expected lives of the retail notes using the interest method. A portion of the finance income earned by the Company arises from financing of retail sales of John Deere equipment on which finance charges are waived or reduced by John Deere for a period from the date of the retail sale to a specified subsequent date. The Company receives compensation from John Deere equal to competitive market interest rates for periods during which finance charges have been waived or reduced. The Company computes the compensation from John Deere for waived or reduced finance charges based on the Company’s estimated funding costs, administrative and operating expenses, credit losses, and required return on equity. The financing rate following the waiver or interest reduction period is not significantly different from the compensation rate from John Deere. The portions of the Company’s finance income earned that were received from John Deere on retail notes containing waiver of finance charges or reduced rates were 30 percent, 26 percent and 24 percent in 2016, 2015 and 2014, respectively. During 2016, 2015 and 2014, the A deposit is withheld by the Company on certain John Deere agriculture and turf equipment retail notes originating from dealers. Any subsequent retail note losses are charged against the withheld deposits. At the end of each calendar quarter, the balance of each dealer’s withholding account in excess of a specified percent (ranging from one-half to three percent based on dealer qualifications) of the total balance outstanding on retail notes originating with that dealer is remitted to the dealer. To the extent that these deposits withheld from the dealer from whom the retail note was acquired cannot absorb a loss on a retail note, it is charged against the Company’s allowance for credit losses. There is generally no withholding of dealer deposits on John Deere construction and forestry equipment retail notes. The Company generally requires that theft and physical damage insurance be carried on all goods leased or securing retail notes and wholesale receivables. The customer may, at the customer’s own expense, have the Company or the seller of the goods purchase this insurance or obtain it from other sources. Revolving Charge Accounts Receivable Revolving charge account income is generated primarily by three revolving credit products: John Deere Financial multi-use, PowerPlan â and the John Deere Financial Revolving Plan. John Deere Financial multi-use is primarily used by farmers and ranchers to finance day-to-day operating expenses, such as parts and services. Merchants, including agribusinesses and dealers, offer John Deere Financial multi-use as an alternative to carrying in-house accounts receivable, and can initially sell existing balances to the Company under a recourse arrangement. John Deere Financial multi-use income includes a discount paid by merchants for transaction processing and support and finance charges paid by customers on their outstanding account balances. PowerPlan â is primarily used by construction companies to finance day-to-day operating expenses, such as parts and services, and is otherwise similar to John Deere Financial multi-use. John Deere construction and forestry dealers offer PowerPlan â as an alternative to carrying in-house accounts receivable, and can initially sell existing balances to the Company under a recourse arrangement. PowerPlan â income includes a discount paid by dealers for transaction processing and support and finance charges paid by customers on their outstanding account balances. The John Deere Financial Revolving Plan is used primarily by retail customers of John Deere dealers to finance turf and utility equipment. Income includes a discount paid by dealers on most transactions and finance charges paid by customers on their outstanding account balances. Revolving charge account income is also generated through waiver of finance charges or reduced rates from sponsoring merchants. During 2016, 2015 and 2014, the finance income earned from John Deere on revolving charge accounts containing waiver of finance charges or reduced rates was $11.3 million, $11.4 million and $11.3 million, respectively. Revolving charge accounts receivable at October 31, 2016 and 2015 totaled $3,078.5 million and $2,680.8 million, respectively. Generally, account holders may pay the account balance in full at any time, or make payments over a number of months according to a payment schedule. Wholesale Receivables The Company also finances wholesale inventories of John Deere agriculture and turf equipment and construction and forestry equipment owned by dealers of those products in the form of wholesale receivables. Wholesale finance income related to these notes is generally recognized monthly based on the daily balance of wholesale receivables outstanding and the applicable effective interest rate. Interest rates vary with a bank base rate, the type of equipment financed and the balance outstanding. Substantially all wholesale receivables are secured by equipment financed or other financial securities. The average actual life for wholesale receivables is less than 12 months. Wholesale receivables at October 31, 2016 and 2015 totaled $6,562.5 million and $7,185.5 million, respectively. The Company purchases certain wholesale trade receivables from John Deere. These trade receivables arise from John Deere’s sales of goods to independent dealers. Under the terms of the sales to dealers, interest is primarily charged to dealers on outstanding balances, from the earlier of the date when goods are sold to retail customers by the dealer or the expiration of certain interest-free periods granted at the time of the sale to the dealer, until payment is received by the Company. Dealers cannot cancel purchases after the equipment is shipped and are responsible for payment even if the equipment is not sold to retail customers. The interest-free periods are determined based on the type of equipment sold and the time of year of the sale. These periods range from one to twelve months for most equipment. Interest-free periods may not be extended. Interest charged may not be forgiven and the past due interest rates exceed market rates. The Company receives compensation from John Deere at approximate market interest rates for these interest-free periods. The Company computes the compensation from John Deere for interest-free periods based on the Company’s estimated funding costs, administrative and operating expenses, credit losses and required return on equity. During 2016, 2015 and 2014, the compensation earned from John Deere on wholesale receivables for waiver of finance charges or reduced rates was $209.7 million, $196.9 million and $203.4 million, respectively. Financing Leases The Company leases agriculture and turf equipment and construction and forestry equipment directly to retail customers. At the time of accepting a lease that qualifies as a financing lease, the Company records the gross amount of lease payments receivable, estimated residual value of the leased equipment and unearned finance income. The unearned finance income is equal to the excess of the gross lease receivable plus the estimated residual value over the cost of the equipment. The unearned finance income is recognized as revenue over the lease term using the interest method. Net costs incurred in the acquisition of financing leases are deferred and recognized over the expected lives of the financing leases using the interest method. Financing leases receivable by product category at October 31 were as follows (in millions of dollars): 2016 2015 Agriculture and turf $ $ Construction and forestry Total Estimated residual values Unearned finance income Financing leases receivable $ $ Initial lease terms for financing leases generally range from 4 months to 60 months. Payments on financing leases receivable at October 31 were scheduled as follows (in millions of dollars): 2016 2015 Due in: 0-12 months $ $ 13-24 months 25-36 months 37-48 months Over 48 months Total $ $ Deposits withheld from John Deere dealers and related losses on financing leases are handled in a manner similar to the procedures for retail notes. As with retail notes, there are generally no deposits withheld from dealers on financing leases related to construction and forestry equipment. In addition, a lease payment discount program, allowing reduced payments over the term of the lease, is administered in a manner similar to finance waiver on retail notes. During 2016, 2015 and 2014, the finance income earned from John Deere on financing leases containing waiver of finance charges or reduced rates was $2.3 million, $2.0 million and $2.3 million, respectively. Equipment returned to the Company upon termination of leases and held for subsequent sale or lease is recorded at the lower of net book value or estimated fair value of the equipment less cost to sell and is not depreciated. Concentration of Credit Risk Receivables have significant concentrations of credit risk in the agriculture and turf and construction and forestry sectors as shown in the previous tables. On a geographic basis, there is not a disproportionate concentration of credit risk in any area. The Company generally secures its Receivables, other than certain revolving charge accounts, by retaining as collateral a security interest in the goods associated with those Receivables or with the use of other financial securities.

Allowance for Credit Losses and

Allowance for Credit Losses and Credit Quality of Receivables	12 Months Ended
	Oct. 31, 2016
Allowance for Credit Losses and Credit Quality of Receivables
Allowance for Credit Losses and Credit Quality of Receivables	Note 5. Allowance for Credit Losses and Credit Quality of Receivables Delinquencies 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 at October 31, 2016 was as follows (in millions of dollars): 90 Days or 30-59 Days 60-89 Days 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 .7 .4 Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry .2 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 .3 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ An age analysis of past due Receivables that are still accruing interest and non-performing Receivables at October 31, 2015 was as follows (in millions of dollars): 90 Days or 30-59 Days 60-89 Days 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 $ $ $ $ Allowance for Credit Losses 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): Revolving Retail Charge Wholesale Total Notes Accounts Receivables Other Receivables 2016 Allowance: Beginning of year balance $ $ $ $ $ Provision for credit losses Write-offs Recoveries .1 .5 Other changes (primarily translation adjustments) (.2) (.3) (.5) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ .1 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ $ .8 $ .6 $ * Remainder is collectively evaluated. 2015 Allowance: Beginning of year balance $ $ $ $ $ Provision for credit losses .6 Write-offs (.3) Recoveries .6 .2 Other changes (primarily translation adjustments) (.9) (.4) (.3) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ $ .8 $ * Remainder is collectively evaluated. 2014 Allowance: Beginning of year balance $ $ $ $ $ Provision (credit) for credit losses Write-offs (.7) Recoveries .1 .3 Other changes (primarily translation adjustments) (.6) (.2) (.8) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ .1 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ $ * Remainder is collectively evaluated. Investments in non-performing Receivables at October 31, 2016 and 2015 were $124.2 million and $86.5 million, respectively. These Receivables as a percentage of total Receivables outstanding were .45 percent and .30 percent at October 31, 2016 and 2015, respectively. Total Receivable amounts 30 days or more past due and still accruing finance income were $401.3 million at October 31, 2016, compared with $346.1 million at October 31, 2015. These past due amounts represented 1.45 percent and 1.19 percent of total Receivables outstanding at October 31, 2016 and 2015, respectively. The allowance for credit losses represented .40 percent and .38 percent of Receivables outstanding at October 31, 2016 and 2015, respectively. In addition, at October 31, 2016 and 2015, the Company had $138.1 million and $151.9 million, respectively, of deposits primarily withheld from John Deere dealers and merchants available for potential credit losses. Impaired Receivables 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, which are impaired, are generally classified as non-performing. An analysis of impaired Receivables at October 31, 2016 and 2015 was as follows (in millions of dollars): Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment 2016 * Receivables with specific allowance: Retail notes $ $ $ $ Wholesale receivables .3 .3 .2 Financing leases .4 .3 .1 .4 Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .2 .2 .3 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .7 Total $ $ $ $ 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 $ $ $ $ * 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 2016, 2015 and 2014, the Company identified 150, 106 and 66 Receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $5.0 million, $3.1 million and $2.6 million pre-modification and $4.0 million, $2.4 million and $2.2 million post-modification, respectively. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At October 31, 2016, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings. Write-offs Total Receivable write-offs and recoveries, by product, and as a percentage of average balances held during the year, were as follows (in millions of dollars): 2016 2015 2014 Dollars Percent Dollars Percent Dollars Percent Write-offs: Retail notes: Agriculture and turf $ (.07) % $ (.06) % $ (.04) % Construction and forestry (.79) (.35) (.33) Total retail notes (.17) (.10) (.07) Revolving charge accounts Wholesale receivables (.05) (.3) (.09) Financing leases (.54) (.29) (.5) (.09) Operating loans (.2) Total write-offs (.32) (.19) (.16) Recoveries: Retail notes: Agriculture and turf .03 .03 .02 Construction and forestry .06 .08 .11 Total retail notes .03 .03 .03 Revolving charge accounts .73 .68 .65 Wholesale receivables .1 .6 .01 .1 Financing leases .5 .09 .2 .04 .2 .04 Operating loans .1 .73 Total recoveries .09 .08 .07 Total net write-offs $ (.23) % $ (.11) % $ (.09) %

Securitization of Receivables

Securitization of Receivables	12 Months Ended
	Oct. 31, 2016
Securitization of Receivables
Securitization of Receivables	Note 6. Securitization of Receivables The Company, as a part of its overall funding strategy, periodically transfers certain receivables (retail notes) into VIEs that are 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 accounting criteria for 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 these securitizations, the retail notes are transferred to certain SPEs or to non-VIE banking operations, which in turn issue debt to investors. The debt securities issued to the third party investors result in secured borrowings, which are recorded as “Securitization borrowings” on the consolidated balance sheet. The securitized retail notes are recorded as “Retail notes securitized” on the consolidated balance sheet. The total restricted assets on the consolidated 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 $2,717.6 million and $3,005.4 million at October 31, 2016 and 2015, respectively. The liabilities (securitization borrowings and accrued interest) of these SPEs totaled $2,659.8 million and $2,743.2 million at October 31, 2016 and 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 October 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 $663.6 million and $249.2 million at October 31, 2016 and 2015, respectively. The liabilities (securitization borrowings and accrued interest) were $616.5 million and $237.7 million at October 31, 2016 and 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 conduits) 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 $1,861.0 million and $1,689.4 million at October 31, 2016 and 2015, respectively. The liabilities (securitization borrowings and accrued interest) related to these conduits were $1,728.8 million and $1,611.2 million at October 31, 2016 and 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 at October 31 was as follows (in millions of dollars): 2016 Carrying value of liabilities $ Maximum exposure to loss The total assets of unconsolidated VIEs related to securitizations were approximately $41.2 billion at October 31, 2016. The components of consolidated restricted assets related to secured borrowings in securitization transactions at October 31 were as follows (in millions of dollars): 2016 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 at October 31 were as follows (in millions of dollars): 2016 2015 Securitization borrowings $ $ Accrued interest on borrowings Total liabilities related to restricted securitized assets $ $ The secured borrowings related to these restricted securitized 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 segregated collection account until immediately prior to the time payment is required to the secured creditors. At October 31, 2016, the maximum remaining term of all restricted securitized retail notes was approximately six years.

Equipment on Operating Leases

Equipment on Operating Leases	12 Months Ended
	Oct. 31, 2016
Equipment on Operating Leases
Equipment on Operating Leases	Note 7. Equipment on Operating Leases Operating leases arise primarily from the leasing of John Deere equipment to retail customers. Rental payments applicable to equipment on operating leases are recorded as income on a straight-line method over the lease terms. Operating lease assets are recorded at cost and depreciated to their estimated residual value generally on a straight-line method over the terms of the leases. Residual values represent estimates of the value of the leased assets at the end of the contract terms. The Company evaluates the carrying value of its operating lease assets and tests for impairment when events or circumstances necessitate the evaluation. Generally, impairment is determined to exist if the undiscounted expected future cash flows from the operating leases are lower than the carrying value of the leased assets. During 2016, 2015 and 2014, the Company recorded impairment losses on operating leases of $31.1 million, $10.3 million and $3.4 million, respectively. Operating lease impairments are included in administrative and operating expenses on the statement of consolidated income. The cost of equipment on operating leases by product category at October 31 was as follows (in millions of dollars): 2016 2015 Agriculture and turf $ $ Construction and forestry Total Accumulated depreciation Equipment on operating leases – net $ $ Initial lease terms for equipment on operating leases generally range from 12 months to 60 months. Rental payments for equipment on operating leases at October 31 were scheduled as follows (in millions of dollars): 2016 2015 Due in: 0-12 months $ $ 13-24 months 25-36 months 37-48 months Over 48 months Total $ $ Deposits withheld from John Deere dealers and related losses on operating leases are handled in a manner similar to the procedures for retail notes. At October 31, 2016 and 2015, the Company had $67.8 million and $30.2 million, respectively, of deposits withheld from John Deere dealers available for potential losses on residual values. In addition, a lease payment discount program, allowing reduced payments over the term of the lease, is administered in a manner similar to finance waivers on retail notes. During 2016, 2015 and 2014, the operating lease revenue earned from John Deere was $28.7 million, $20.7 million and $12.4 million, respectively. Equipment returned to the Company upon termination of leases and held for subsequent sale or lease is recorded in other assets at the lower of net book value or estimated fair value of the equipment less cost to sell and is not depreciated. During 2016 and 2015, the Company recorded impairment losses on matured operating lease inventory of $28.6 million and $9.1 million, respectively. There were no significant impairment losses recorded during 2014. Impairment losses on matured operating lease inventory are included in administrative and operating expenses on the statement of consolidated income. Past due balances of operating leases represent the total balance held (net book value plus accrued lease payments) and still accruing finance income with any payment amounts 30 days or more past the contractual payment due date. These amounts were $97.8 million and $71.3 million at October 31, 2016 and 2015, respectively.

Short-Term Borrowings

Short-Term Borrowings	12 Months Ended
	Oct. 31, 2016
Short-Term Borrowings
Short-Term Borrowings	Note 8. Short-Term Borrowings Short-term borrowings of the Company at October 31 consisted of the following (in millions of dollars): 2016 2015 Commercial paper and other notes payable $ $ Securitization borrowings John Deere Current maturities of long-term borrowings * * Total $ $ * Securitization borrowings are secured by retail notes securitized on the balance sheet (see Note 6). Although these securitization borrowings are classified as short-term since payment is required if the retail notes are liquidated early, the payment schedule for these borrowings of $5,002.7 million at October 31, 2016 based on the expected liquidations of the retail notes in millions of dollars is as follows: 2017 - $2,726.5, 2018 - $1,474.2, 2019 - $663.1, 2020 - $111.8, 2021 - $25.1 and 2022 - $2.0. The Company’s short-term debt also includes amounts borrowed from John Deere. The Company pays interest on a monthly basis to John Deere for these borrowings based on a market rate. The weighted-average interest rate on total short-term borrowings, excluding current maturities of long-term borrowings, at October 31, 2016 and 2015, was 1.2 percent and .8 percent, respectively. Lines of credit available from U.S. and foreign banks were $7,058.5 million at October 31, 2016. Some of these credit lines are available to both the Company and Deere & Company. At October 31, 2016, $5,747.3 million of these worldwide lines of credit were unused. For the purpose of computing unused credit lines, commercial paper and short-term bank borrowings, excluding secured borrowings and the current portion of long-term borrowings, of the Company and John Deere were primarily considered to constitute utilization. Included in the above lines of credit were long-term credit facility agreements for $2,900.0 million, expiring in April 2020, and $2,900.0 million, expiring in April 2021. The agreements are mutually extendable and the annual facility fees are not significant. These credit agreements require the Company to maintain its consolidated ratio of earnings to fixed charges at not less than 1.05 to 1 for each fiscal quarter and the ratio of senior debt, excluding securitization indebtedness, to capital base (total subordinated debt and stockholder’s equity excluding accumulated other comprehensive income (loss)) at not more than 11 to 1 at the end of any fiscal quarter. “Senior debt” consists of the Company’s total interest-bearing obligations, excluding subordinated debt and certain securitization indebtedness, but including borrowings from John Deere. All of these requirements of the credit agreements have been met during the periods included in the consolidated financial statements. The facility fees on these lines of credit are divided between Deere & Company and the Company based on the proportion of their respective forecasted liquidity requirements. Deere & Company has an agreement with Capital Corporation pursuant to which it has agreed to continue to own, directly or through one or more wholly-owned subsidiaries, at least 51 percent of the voting shares of capital stock of Capital Corporation and to maintain the Company’s consolidated tangible net worth at not less than $50.0 million. This agreement also obligates Deere & Company to make payments to the Company such that its consolidated ratio of earnings to fixed charges is not less than 1.05 to 1 for each fiscal quarter. Deere & Company’s obligations to make payments to the Company under the agreement are independent of whether the Company is in default on its indebtedness, obligations or other liabilities. Further, Deere & Company’s obligations under the agreement are not measured by the amount of the Company’s indebtedness, obligations or other liabilities. Deere & Company’s obligations to make payments under this agreement are expressly stated not to be a guaranty of any specific indebtedness, obligation or liability of the Company and are enforceable only by or in the name of Capital Corporation. No payments were required under this agreement during the periods included in the consolidated financial statements.

Long-Term Borrowings

Long-Term Borrowings	12 Months Ended
	Oct. 31, 2016
Long-Term Borrowings
Long-Term Borrowings	Note 9. Long-Term Borrowings Long-term borrowings of the Company at October 31 consisted of the following (in millions of dollars): 2016 2015 Senior Debt: Medium-term notes due 2017-2026 (principal $15,821.1 - 2016, $16,243.4 - 2015): $ * $ * Average interest rate of 1.7% - 2016, 1.3% - 2015 2.75% Senior notes due 2022 ($500.0 principal): * * Swapped $500.0 to variable interest rate of 1.6% - 2016, 1.1% - 2015 Other notes Total senior debt Unamortized debt discount Total ** $ $ * Includes unamortized fair value adjustments related to interest rate swaps. ** All interest rates are as of year-end. The approximate principal amounts of long-term borrowings maturing in each of the next five years, in millions of dollars, are as follows: 2017 - $4,509.8, 2018 - $4,408.9, 2019 - $4,250.7, 2020 - $2,328.8 and 2021 - $2,000.0.

Leases

Leases	12 Months Ended
	Oct. 31, 2016
Leases
Leases	Note 10. Leases Total rental expense for operating leases was $1.9 million, $2.2 million and $2.7 million for 2016, 2015 and 2014, respectively. At October 31, 2016, future minimum lease payments under operating leases amounted to $3.2 million as follows (in millions of dollars): 2017 - $1.9, 2018 - $1.2 and 2019 - $.1.

Capital Stock

Capital Stock	12 Months Ended
	Oct. 31, 2016
Capital Stock
Capital Stock	Note 11. Capital Stock All of Capital Corporation’s common stock is owned by JDFS, a wholly-owned finance holding subsidiary of Deere & Company. No shares of common stock of Capital Corporation were reserved for officers or employees or for options, warrants, conversions or other rights at October 31, 2016 or 2015. At October 31, 2016 and 2015, Capital Corporation had authorized, but not issued, 10,000 shares of $1 par value preferred stock.

Dividends

Dividends	12 Months Ended
	Oct. 31, 2016
Dividends
Dividends	Note 12. Dividends In 2016, 2015 and 2014, Capital Corporation declared and paid cash dividends of $485.0 million, $485.0 million and $140.0 million, respectively, to JDFS. In each case, JDFS paid comparable dividends to Deere & Company.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	12 Months Ended
	Oct. 31, 2016
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits	Note 13. Pension and Other Postretirement Benefits 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 $5.7 million in 2016, $9.7 million in 2015 and $6.4 million in 2014. 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 $2.4 million in 2016, $3.7 million in 2015 and $8.4 million in 2014. Further disclosure for these plans is included in the notes to the Deere & Company 2016 Annual Report on Form 10-K. The Company is a participating employer in certain Deere & Company sponsored defined contribution plans related to employee investment and savings plans primarily in the U.S. The Company’s contributions and costs under these plans were $12.2 million in 2016, $12.4 million in 2015 and $12.5 million in 2014. The contribution rate varies primarily based on Deere & Company’s performance in the prior year and employee participation in the plans.

Stock Option Awards

Stock Option Awards	12 Months Ended
	Oct. 31, 2016
Stock Option Awards
Stock Option Awards	Note 14. Stock Option Awards Certain employees of the Company participate in Deere & Company share-based compensation plans. During 2016, 2015 and 2014, the total share-based compensation expense was $5.7 million, $5.7 million and $5.3 million, respectively, with an income tax benefit recognized in net income of $2.1 million, $2.1 million and $2.0 million, respectively. Further disclosure for these plans is included in the notes to the Deere & Company 2016 Annual Report on Form 10-K.

Income Taxes

Income Taxes	12 Months Ended
	Oct. 31, 2016
Income Taxes
Income Taxes	Note 15. Income Taxes The taxable income of the Company is included in the consolidated U.S. income tax return of Deere & Company. Provisions for income taxes are made generally as if Capital Corporation and each of its subsidiaries filed separate income tax returns. The provision for income taxes by taxing jurisdiction and by significant component consisted of the following (in millions of dollars): 2016 2015 2014 Current: U.S.: Federal $ $ $ State Foreign Total current Deferred: U.S.: Federal State (.7) .6 Foreign Total deferred Provision for income taxes $ $ $ A comparison of the statutory and effective income tax provision and reasons for related differences follows (in millions of dollars): 2016 2015 2014 U.S. federal income tax provision at a statutory rate of 35 percent $ $ $ Increase (decrease) resulting from: Municipal lease income not taxable Tax rates on foreign earnings Foreign tax benefit State and local income taxes, net of federal income tax benefit Other – net Provision for income taxes $ $ $ At October 31, 2016, accumulated earnings in certain subsidiaries outside the U.S. totaled $360.7 million for which no provision for U.S. income taxes or foreign withholding taxes has been made, because it is expected that such earnings will be reinvested outside the U.S. indefinitely. Determination of the amount of unrecognized deferred tax liability on these unremitted earnings is not practicable. At October 31, 2016, the amount of cash and cash equivalents held by these foreign subsidiaries was $85.0 million. Deferred income taxes arise because there are certain items that are treated differently for financial accounting than for income tax reporting purposes. An analysis of deferred income tax assets and liabilities at October 31 was as follows (in millions of dollars): 2016 2015 Deferred Deferred Deferred Deferred Tax Tax Tax Tax Assets Liabilities Assets Liabilities Lease transactions $ $ Tax over book depreciation Deferred retail note finance income Allowance for credit losses $ $ Accrual for retirement and other benefits Federal taxes on deferred state tax deductions Tax loss and tax credit carryforwards Miscellaneous accruals and other .2 Less valuation allowances Deferred income tax assets and liabilities $ $ $ $ At October 31, 2016, certain tax loss and tax credit carryforwards of $20.8 million were available, with $17.1 million expiring from 2017 through 2036 and $3.7 million with an indefinite carryforward period. A reconciliation of the total amounts of unrecognized tax benefits at October 31 was as follows (in millions of dollars): 2016 2015 2014 Beginning of year balance $ $ $ Increases to tax positions taken during the current year Increases to tax positions taken during prior years .7 Decreases to tax positions taken during prior years Decreases due to lapse of statute of limitations Settlements Foreign exchange (.1) End of year balance $ $ $ The amount of unrecognized tax benefits at October 31, 2016 and 2015 that would affect the effective tax rate if the tax benefits were recognized was $19.0 million and $19.2 million, respectively. The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing. The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next twelve months would not be significant. The Company files its tax returns according to the tax laws of the jurisdictions in which it operates, which includes the U.S. federal jurisdiction, and various state and foreign jurisdictions. The Company is included in the consolidated U.S. income tax return and various state returns of Deere & Company. The U.S. Internal Revenue Service has completed the examination of Deere & Company’s federal income tax returns for periods prior to 2009. The years’ 2009 through 2014 federal income tax returns are currently under examination. Various state and foreign income tax returns also remain subject to examination by taxing authorities. The Company’s policy is to recognize interest related to income taxes in interest expense and other income, and recognize penalties in administrative and operating expenses. During 2016, 2015 and 2014, the total amount of expense from interest and penalties was $1.8 million, $1.4 million and $1.7 million and the interest income was not material for any of the periods. At October 31, 2016 and 2015, the liability for accrued interest and penalties totaled $16.8 million and $15.8 million, respectively.

Other Income and Administrative

Other Income and Administrative and Operating Expenses	12 Months Ended
	Oct. 31, 2016
Other Income and Administrative and Operating Expenses
Other Income and Administrative and Operating Expenses	Note 16. Other Income and Administrative and Operating Expenses The major components of other income and administrative and operating expenses were as follows (in millions of dollars): 2016 2015 2014 Other income – net Fees from John Deere $ $ $ Fees from customers Other Total $ $ $ Administrative and operating expenses Compensation and benefits $ $ $ Other Total $ $ $

Cash Flow Information

Cash Flow Information	12 Months Ended
	Oct. 31, 2016
Cash Flow Information
Cash Flow Information	Note 17. Cash Flow Information For purposes of the statement of consolidated cash flows, the Company considers investments with purchased maturities of three months or less to be cash equivalents. Substantially all of the Company’s short-term borrowings, excluding the securitization borrowings and current maturities of long-term borrowings, mature or may require payment within three months or less. Cash payments by the Company for interest in 2016, 2015 and 2014 were $421.4 million, $308.3 million and $315.1 million, respectively. Cash payments (receipts) for income taxes during these same periods were $(80.6) million, $134.5 million and $301.0 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Oct. 31, 2016
Commitments and Contingencies
Commitments and Contingencies	Note 18. Commitments and Contingencies At October 31, 2016, John Deere Financial Inc., the John Deere finance subsidiary in Canada, had $343.0 million of commercial paper and a fair value liability of $12.3 million for derivatives, prior to considering applicable netting provisions, with a notional amount of $2,038.8 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 $1,681.0 million at October 31, 2016. The weighted average interest rate on the debt at October 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 $9.2 billion at October 31, 2016. The amount of unused commitments to extend credit to customers was $28.2 billion at October 31, 2016. A significant portion of these commitments is not expected to be fully drawn upon; therefore, the total commitment amounts 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 these unused commitments to extend credit to customers relate to revolving charge accounts. At October 31, 2016, the Company had restricted other assets of approximately $41.3 million. In addition, see Note 6 for 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 the amounts accrued would not have a material effect on its consolidated financial statements.

Other Comprehensive Income Item

Other Comprehensive Income Items	12 Months Ended
	Oct. 31, 2016
Other Comprehensive Income Items
Other Comprehensive Income Items	Note 19. Other Comprehensive Income Items The after-tax changes in accumulated other comprehensive income (loss) were as follows (in millions of dollars): 2016 2015 2014 Cumulative translation adjustment: Beginning of year balance $ $ $ Current period activity End of year balance $ $ $ Unrealized gain (loss) on derivatives: Beginning of year balance $ $ (.6) $ Current period activity End of year balance $ .3 $ $ (.6) 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 Amount Credit Amount 2016 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (.4) $ .1 (.3) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ $ 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 Total other comprehensive income (loss) $ $ $ 2014 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Foreign exchange contracts – Administrative and Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ $

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Oct. 31, 2016
Fair Value Measurements
Fair Value Measurements	Note 20. Fair Value Measurements 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. To determine fair value, the Company uses various methods including market and income approaches. 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 at October 31 were as follows (in millions of dollars): 2016 2015 Carrying Fair Carrying Fair 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 include adjustments related to fair value hedges. Assets and liabilities measured at October 31 at fair value as Level 2 measurements on a recurring basis were as follows (in millions of dollars): 2016 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 were 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 at October 31 were as follows (in millions of dollars): Fair Value * Losses * 2016 2015 2016 2015 2014 Equipment on operating leases - net $ $ $ $ Other assets Total $ $ $ $ *      See Receivables with specific allowances in Note 5 that were not significant. See Note 7 for impairments on lease residual values. 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 matured operating lease inventory, which is measured using a market approach. Inputs include realized sales values.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Oct. 31, 2016
Derivative Instruments
Derivative Instruments	Note 21. Derivative Instruments Cash Flow Hedges Certain interest rate and cross-currency 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 October 31, 2016 and 2015 were $1,600.0 million and $2,800.0 million, respectively. The total notional amount of the cross-currency interest rate contracts was none at October 31, 2016 and 2015, 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 or administrative and operating expenses (foreign exchange) in the same periods during which the hedged transactions affected earnings. These amounts offset the effects of interest rate or foreign currency exchange 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 or administrative and operating expenses (foreign exchange) and were not material during any years 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 October 31, 2016 that is expected to be reclassified to interest expense or administrative and operating expenses in the next twelve months if interest rates or exchange rates remain unchanged is approximately $.1 million after-tax. These contracts mature in up to 26 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 the receive-fixed/pay-variable interest rate contracts at October 31, 2016 and 2015 were $8,283.7 million and $8,048.6 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 loss of $1.6 million and a gain of $1.7 million during 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): 2016 2015 Interest rate contracts * $ $ Borrowings ** *        Includes changes in fair value of interest rate contracts excluding net accrued interest income of $142.1 million and $166.2 million during 2016 and 2015, respectively. **      Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $276.8 million and $257.0 million during 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 the interest rate swaps at October 31, 2016 and 2015 were $2,101.2 million and $2,679.5 million, the foreign exchange contracts were $1,263.6 million and $966.6 million, and the cross-currency interest rate contracts were $63.4 million and $75.6 million, respectively. At October 31, 2016 and 2015, there were also $2,430.3 million and $1,902.1 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 at October 31 were as follows (in millions of dollars): 2016 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 classifications 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): Expense or OCI Classification 2016 2015 2014 Fair Value Hedges Interest rate contracts Interest expense $ $ $ Cash Flow Hedges Recognized in OCI (Effective Portion): Interest rate contracts OCI -pretax * (.4) Foreign exchange contracts OCI -pretax * Reclassified from OCI (Effective Portion): Interest rate contracts Interest expense * Foreign exchange contracts Administrative and operating expenses * 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 amounts are 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 were gains of $151.9 million, $262.7 million and $145.8 million during 2016, 2015 and 2014, 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 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 October 31, 2016 and 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 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 maximum amount of loss that the Company would incur on derivatives transacted directly with unrelated external counterparties, if the counterparties to those derivative transactions fail to meet their obligations, not considering collateral received or netting arrangements, was the gross amount of the external derivatives shown in the subsequent table. None of the concentrations of risk with any individual unrelated external counterparty was considered significant at October 31, 2016 and 2015. 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 maximum amount of loss that the Company would incur on derivatives transacted with John Deere if the unrelated external counterparty would fail to meet its obligations, not considering collateral received or netting arrangements, was the gross asset amount of the John Deere derivatives shown in the subsequent table. The loss sharing agreement increases the maximum amount of loss that the Company would incur, after considering collateral received and netting arrangements, by $1.9 million and $2.2 million as of October 31, 2016 and 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): 2016 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Net Assets External $ $ $ John Deere Liabilities External John Deere 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Net Assets External $ $ $ John Deere Liabilities External John Deere

Geographic Area Information

Geographic Area Information	12 Months Ended
	Oct. 31, 2016
Geographic Area Information
Geographic Area Information	Note 22. Geographic Area Information Based on the way the operations are managed and evaluated by management and materiality considerations, the Company is viewed as one operating segment. However, geographic area information for revenues, operating profit, which is income of consolidated group before income taxes plus equity in income of unconsolidated affiliate, and Receivables attributed to the U.S. and countries outside the U.S. is disclosed below. No individual foreign country’s revenues, operating profit or Receivables were material for disclosure purposes. Geographic area information as of and for the years ended October 31, 2016, 2015 and 2014 is presented below (in millions of dollars): 2016 2015 2014 Revenues: U.S. $ $ $ Outside the U.S. Total $ $ $ Operating profit: U.S. $ $ $ Outside the U.S. Total $ $ $ Receivables: U.S. $ $ $ Outside the U.S. Total $ $ $

Unconsolidated Affiliated Compa

Unconsolidated Affiliated Company	12 Months Ended
	Oct. 31, 2016
Unconsolidated Affiliated Company
Unconsolidated Affiliated Company	Note 23. Unconsolidated Affiliated Company The Company’s investment in an unconsolidated affiliated company consists of a 50% ownership in John Deere Financial S.A.S., a joint venture in France that primarily offers lease financing to customers. The Company does not control the joint venture and accounts for its investment in the joint venture on the equity basis. The Company’s share of the income or loss of this joint venture is reported in the consolidated income statement under “Equity in income of unconsolidated affiliate.” The investment in this joint venture is reported in the consolidated balance sheet under “Investment in unconsolidated affiliate.” Summarized financial information of the unconsolidated affiliated company was as follows (in millions of dollars): Year Ended October 31 2016 2015 2014 Operations: Total revenue $ $ $ Net income The Company’s equity in net income October 31 2016 2015 Financial Position: Total assets $ $ Total external borrowings Total net assets The Company’s share of net assets

Supplemental Information (Unaud

Supplemental Information (Unaudited)	12 Months Ended
	Oct. 31, 2016
Supplemental Information (Unaudited)
Supplemental Information (Unaudited)	Note 24. Supplemental Information (Unaudited) Quarterly Information The Company’s fiscal year ends in October and its interim periods (quarters) end in January, April and July. Supplemental quarterly information for the Company follows (in millions of dollars): First Second Third Fourth Fiscal Quarter Quarter Quarter Quarter Year 2016: Revenues $ $ $ $ $ Interest expense Operating expenses Provision for income taxes Equity in income of unconsolidated affiliate .8 .2 .2 .4 Net loss attributable to noncontrolling interests (.1) (.1) Net income attributable to the Company $ $ $ $ $ 2015: Revenues $ $ $ $ $ Interest expense Operating expenses Provision for income taxes Equity in income of unconsolidated affiliate .4 .4 .1 .3 Net income attributable to the Company $ $ $ $ $

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2016
Subsequent Events
Subsequent Events	Note 25. Subsequent Events In December 2016, Capital Corporation paid a $140.0 million dividend to JDFS. JDFS in turn, paid a $140.0 million dividend to Deere & Company. During the fourth quarter of 2016, the Company announced a voluntary employee separation program as part of its effort to reduce operating costs. The program provides for cash payments based on previous years of service. The expense is recorded in the period the employees accept the separation offer. The program’s total pretax expenses are estimated to be approximately $7.6 million, of which $.2 million was recorded in the fourth quarter of 2016, and approximately $7.4 million will be recorded in the first quarter of 2017. The payment for the program will be substantially made in the first quarter of 2017. The expenses will be recorded in administrative and operating expenses.

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2016
Summary of Significant Accounting Policies
Consolidation, Policy	Principles of Consolidation The consolidated financial statements include the financial statements of Capital Corporation and its subsidiaries. The consolidated financial statements represent primarily the consolidation of all companies in which Capital Corporation has a controlling interest. Certain variable interest entities (VIEs) are consolidated since the Company has both the power to direct the activities that most significantly impact the VIEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs. The Company records its investment in each unconsolidated affiliated company (generally 20 to 50 percent ownership) at its related equity in the net assets of such affiliate (see Note 23).
Fiscal Year	Fiscal Year The Company uses a 52/53 week fiscal year ending on the last Sunday in the reporting period. The fiscal year ends for 2016, 2015 and 2014 were October 30, 2016, November 1, 2015 and November 2, 2014, respectively. Fiscal year 2014 contained 53 weeks. For ease of presentation, the consolidated financial statements and notes continue to be dated October 31.
Use of Estimates in Financial Statements	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.
Revenue Recognition	Revenue Recognition Financing revenue is recorded over the lives of the related receivables using the interest method. Deferred costs on the origination of receivables are recognized as a reduction in finance revenue over the expected lives of the receivables using the interest method. Income and deferred costs on the origination of operating leases are recognized on a straight-line basis over the scheduled lease terms in finance revenue.
Securitization of Receivables	Securitization of Receivables Certain financing receivables are periodically transferred to SPEs in securitization transactions (see Note 6). These securitizations qualify as collateral for secured borrowings and no gains or losses are recognized at the time of securitization. The receivables remain on the balance sheet and are classified as “Retail notes securitized.” The Company recognizes finance income over the lives of these retail notes using the interest method.
Depreciation	Depreciation Equipment on operating leases is depreciated over the terms of the leases using the straight-line method.
Fees Paid to John Deere	Fees Paid to John Deere Fees paid to John Deere include corporate support fees and interest on intercompany borrowings from John Deere based on approximate market rates.
Derivative Financial Instruments	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 either a cash flow hedge, a fair value hedge, or remains undesignated. Changes in the fair value of derivatives that are designated and effective as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the item being hedged are recognized in the income statement. Changes in the fair value of derivatives that are designated and effective as fair value hedges are recognized currently in net income. These changes are offset in net income to the extent the hedge was effective by fair value changes related to the risk being hedged on the hedged item. Changes in the fair value of undesignated hedges are recognized currently in the income statement. All ineffective changes in derivative fair values are recognized currently in net income. 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, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, the hedge accounting discussed above is discontinued (see Note 21).
Foreign Currency Translation	Foreign Currency Translation The functional currencies for most of the Company’s foreign operations are their respective local currencies. The assets and liabilities of these operations are translated into U.S. dollars at the end of the period exchange rates. The revenues and expenses are translated at weighted-average rates for the period. The gains or losses from these translations are recorded in other comprehensive income. Gains or losses from transactions denominated in a currency other than the functional currency of the subsidiary involved and foreign exchange forward contracts are included in net income. The pretax net losses for foreign exchange in 2016, 2015 and 2014 were $13.9 million, $19.7 million and $27.4 million, respectively.
Receivables - Non-Performing, Policy	Delinquencies 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. Impaired Receivables 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, which are impaired, are generally classified as non-performing.
Receivables - Allowance for Credit Losses, Policy	Allowance for Credit Losses 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.
Unremitted Earnings in Foreign Investment, Policy	At October 31, 2016, accumulated earnings in certain subsidiaries outside the U.S. totaled $360.7 million for which no provision for U.S. income taxes or foreign withholding taxes has been made, because it is expected that such earnings will be reinvested outside the U.S. indefinitely. Determination of the amount of unrecognized deferred tax liability on these unremitted earnings is not practicable. At October 31, 2016, the amount of cash and cash equivalents held by these foreign subsidiaries was $85.0 million.
Cash and Cash Equivalents, Policy	For purposes of the statement of consolidated cash flows, the Company considers investments with purchased maturities of three months or less to be cash equivalents. Substantially all of the Company’s short-term borrowings, excluding the securitization borrowings and current maturities of long-term borrowings, mature or may require payment within three months or less.
Fair Value of Financial Instruments, Policy	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. To determine fair value, the Company uses various methods including market and income approaches. 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.

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Oct. 31, 2016
Retail notes
Receivables
Schedule of Receivables by Product Category	Retail notes receivable by product category at October 31 were as follows (in millions of dollars): 2016 2015 Unrestricted Securitized Unrestricted Securitized Agriculture and turf – new $ $ $ $ Agriculture and turf – used Construction and forestry – new Construction and forestry – used Total Unearned finance income Retail notes receivable $ $ $ $
Schedule of Receivable Installments	Gross retail note installments at October 31 were scheduled to be received as follows (in millions of dollars): 2016 2015 Unrestricted Securitized Unrestricted Securitized Due in: 0-12 months $ $ $ $ 13-24 months 25-36 months 37-48 months 49-60 months Over 60 months Total $ $ $ $
Schedule of Guidelines Relating to Down Payment Requirements and Contract Terms	Company guidelines relating to down payment requirements and contract terms on retail notes are generally as follows: Down Contract Payment Terms Agriculture and turf (new and used): Seasonal payments 10% - 30% 3 - 7 years Monthly payments 10% - 20% 36 - 84 months Construction and forestry: New 10% 48 - 60 months Used 15% 36 - 48 months
Financing leases
Receivables
Schedule of Receivables by Product Category	Financing leases receivable by product category at October 31 were as follows (in millions of dollars): 2016 2015 Agriculture and turf $ $ Construction and forestry Total Estimated residual values Unearned finance income Financing leases receivable $ $
Schedule of Receivable Installments	Initial lease terms for financing leases generally range from 4 months to 60 months. Payments on financing leases receivable at October 31 were scheduled as follows (in millions of dollars): 2016 2015 Due in: 0-12 months $ $ 13-24 months 25-36 months 37-48 months Over 48 months Total $ $

Allowance for Credit Losses a35

Allowance for Credit Losses and Credit Quality of Receivables (Tables)	12 Months Ended
	Oct. 31, 2016
Allowance for Credit Losses and Credit Quality of 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 at October 31, 2016 was as follows (in millions of dollars): 90 Days or 30-59 Days 60-89 Days 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 .7 .4 Wholesale receivables: Agriculture and turf Construction and forestry Financing leases: Agriculture and turf Construction and forestry .2 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 .3 Construction and forestry Financing leases: Agriculture and turf Construction and forestry Total Receivables $ $ $ $ An age analysis of past due Receivables that are still accruing interest and non-performing Receivables at October 31, 2015 was as follows (in millions of dollars): 90 Days or 30-59 Days 60-89 Days 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 $ $ $ $
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): Revolving Retail Charge Wholesale Total Notes Accounts Receivables Other Receivables 2016 Allowance: Beginning of year balance $ $ $ $ $ Provision for credit losses Write-offs Recoveries .1 .5 Other changes (primarily translation adjustments) (.2) (.3) (.5) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ .1 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ $ .8 $ .6 $ * Remainder is collectively evaluated. 2015 Allowance: Beginning of year balance $ $ $ $ $ Provision for credit losses .6 Write-offs (.3) Recoveries .6 .2 Other changes (primarily translation adjustments) (.9) (.4) (.3) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ $ .8 $ * Remainder is collectively evaluated. 2014 Allowance: Beginning of year balance $ $ $ $ $ Provision (credit) for credit losses Write-offs (.7) Recoveries .1 .3 Other changes (primarily translation adjustments) (.6) (.2) (.8) End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ .1 $ Receivables: End of year balance $ $ $ $ $ Balance individually evaluated * $ $ .2 $ $ * Remainder is collectively evaluated.
Analysis of Impaired Receivables	An analysis of impaired Receivables at October 31, 2016 and 2015 was as follows (in millions of dollars): Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment 2016 * Receivables with specific allowance: Retail notes $ $ $ $ Wholesale receivables .3 .3 .2 Financing leases .4 .3 .1 .4 Total with specific allowance Receivables without specific allowance: Retail notes Wholesale receivables .2 .2 .3 Total without specific allowance Total $ $ $ $ Agriculture and turf $ $ $ $ Construction and forestry .7 Total $ $ $ $ 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 $ $ $ $ * Finance income recognized was not material.
Total Receivable Write-offs and Recoveries, by Product, and as a Percentage of Average Balances Held	Total Receivable write-offs and recoveries, by product, and as a percentage of average balances held during the year, were as follows (in millions of dollars): 2016 2015 2014 Dollars Percent Dollars Percent Dollars Percent Write-offs: Retail notes: Agriculture and turf $ (.07) % $ (.06) % $ (.04) % Construction and forestry (.79) (.35) (.33) Total retail notes (.17) (.10) (.07) Revolving charge accounts Wholesale receivables (.05) (.3) (.09) Financing leases (.54) (.29) (.5) (.09) Operating loans (.2) Total write-offs (.32) (.19) (.16) Recoveries: Retail notes: Agriculture and turf .03 .03 .02 Construction and forestry .06 .08 .11 Total retail notes .03 .03 .03 Revolving charge accounts .73 .68 .65 Wholesale receivables .1 .6 .01 .1 Financing leases .5 .09 .2 .04 .2 .04 Operating loans .1 .73 Total recoveries .09 .08 .07 Total net write-offs $ (.23) % $ (.11) % $ (.09) %

Securitization of Receivables (

Securitization of Receivables (Tables)	12 Months Ended
	Oct. 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 at October 31 was as follows (in millions of dollars): 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 at October 31 were as follows (in millions of dollars): 2016 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 at October 31 were as follows (in millions of dollars): 2016 2015 Securitization borrowings $ $ Accrued interest on borrowings Total liabilities related to restricted securitized assets $ $

Equipment on Operating Leases (

Equipment on Operating Leases (Tables)	12 Months Ended
	Oct. 31, 2016
Equipment on Operating Leases
Schedule of Cost of Equipment on Operating Leases by Product Category	The cost of equipment on operating leases by product category at October 31 was as follows (in millions of dollars): 2016 2015 Agriculture and turf $ $ Construction and forestry Total Accumulated depreciation Equipment on operating leases – net $ $
Schedule of Rental Payments for Equipment on Operating Leases	Initial lease terms for equipment on operating leases generally range from 12 months to 60 months. Rental payments for equipment on operating leases at October 31 were scheduled as follows (in millions of dollars): 2016 2015 Due in: 0-12 months $ $ 13-24 months 25-36 months 37-48 months Over 48 months Total $ $

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	12 Months Ended
	Oct. 31, 2016
Short-Term Borrowings
Short-Term Borrowings	Short-term borrowings of the Company at October 31 consisted of the following (in millions of dollars): 2016 2015 Commercial paper and other notes payable $ $ Securitization borrowings John Deere Current maturities of long-term borrowings * * Total $ $ *

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	12 Months Ended
	Oct. 31, 2016
Long-Term Borrowings
Long-Term Borrowings	Long-term borrowings of the Company at October 31 consisted of the following (in millions of dollars): 2016 2015 Senior Debt: Medium-term notes due 2017-2026 (principal $15,821.1 - 2016, $16,243.4 - 2015): $ * $ * Average interest rate of 1.7% - 2016, 1.3% - 2015 2.75% Senior notes due 2022 ($500.0 principal): * * Swapped $500.0 to variable interest rate of 1.6% - 2016, 1.1% - 2015 Other notes Total senior debt Unamortized debt discount Total ** $ $ * Includes unamortized fair value adjustments related to interest rate swaps. ** All interest rates are as of year-end.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2016
Income Taxes
Provision for Income Taxes by Taxing Jurisdiction and by Significant Component	The provision for income taxes by taxing jurisdiction and by significant component consisted of the following (in millions of dollars): 2016 2015 2014 Current: U.S.: Federal $ $ $ State Foreign Total current Deferred: U.S.: Federal State (.7) .6 Foreign Total deferred Provision for income taxes $ $ $
Comparison of Statutory and Effective Income Tax Provision	A comparison of the statutory and effective income tax provision and reasons for related differences follows (in millions of dollars): 2016 2015 2014 U.S. federal income tax provision at a statutory rate of 35 percent $ $ $ Increase (decrease) resulting from: Municipal lease income not taxable Tax rates on foreign earnings Foreign tax benefit State and local income taxes, net of federal income tax benefit Other – net Provision for income taxes $ $ $
Analysis of Deferred Income Tax Assets and Liabilities	Deferred income taxes arise because there are certain items that are treated differently for financial accounting than for income tax reporting purposes. An analysis of deferred income tax assets and liabilities at October 31 was as follows (in millions of dollars): 2016 2015 Deferred Deferred Deferred Deferred Tax Tax Tax Tax Assets Liabilities Assets Liabilities Lease transactions $ $ Tax over book depreciation Deferred retail note finance income Allowance for credit losses $ $ Accrual for retirement and other benefits Federal taxes on deferred state tax deductions Tax loss and tax credit carryforwards Miscellaneous accruals and other .2 Less valuation allowances Deferred income tax assets and liabilities $ $ $ $
Reconciliation of Total Amounts of Unrecognized Tax Benefits	A reconciliation of the total amounts of unrecognized tax benefits at October 31 was as follows (in millions of dollars): 2016 2015 2014 Beginning of year balance $ $ $ Increases to tax positions taken during the current year Increases to tax positions taken during prior years .7 Decreases to tax positions taken during prior years Decreases due to lapse of statute of limitations Settlements Foreign exchange (.1) End of year balance $ $ $

Other Income and Administrati41

Other Income and Administrative and Operating Expenses (Tables)	12 Months Ended
	Oct. 31, 2016
Other Income and Administrative and Operating Expenses
Schedule of major components of other income and administrative and operating expenses	The major components of other income and administrative and operating expenses were as follows (in millions of dollars): 2016 2015 2014 Other income – net Fees from John Deere $ $ $ Fees from customers Other Total $ $ $ Administrative and operating expenses Compensation and benefits $ $ $ Other Total $ $ $

Other Comprehensive Income It42

Other Comprehensive Income Items (Tables)	12 Months Ended
	Oct. 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): 2016 2015 2014 Cumulative translation adjustment: Beginning of year balance $ $ $ Current period activity End of year balance $ $ $ Unrealized gain (loss) on derivatives: Beginning of year balance $ $ (.6) $ Current period activity End of year balance $ .3 $ $ (.6)
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 Amount Credit Amount 2016 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (.4) $ .1 (.3) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ $ 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 Total other comprehensive income (loss) $ $ $ 2014 Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Foreign exchange contracts – Administrative and Net unrealized gain (loss) on derivatives Total other comprehensive income (loss) $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Oct. 31, 2016
Fair Value Measurements
Fair Value of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values at October 31 were as follows (in millions of dollars): 2016 2015 Carrying Fair Carrying Fair 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 October 31 at fair value as Level 2 measurements on a recurring basis were as follows (in millions of dollars): 2016 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 were 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 at October 31 were as follows (in millions of dollars): Fair Value * Losses * 2016 2015 2016 2015 2014 Equipment on operating leases - net $ $ $ $ Other assets Total $ $ $ $ *      See Receivables with specific allowances in Note 5 that were not significant. See Note 7 for impairments on lease residual values.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Oct. 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): 2016 2015 Interest rate contracts * $ $ Borrowings ** *        Includes changes in fair value of interest rate contracts excluding net accrued interest income of $142.1 million and $166.2 million during 2016 and 2015, respectively. **      Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $276.8 million and $257.0 million during 2016 and 2015, respectively.
Fair Value of Derivative Instruments in Consolidated Balance Sheet	Fair values of derivative instruments in the consolidated balance sheet at October 31 were as follows (in millions of dollars): 2016 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 classifications 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): Expense or OCI Classification 2016 2015 2014 Fair Value Hedges Interest rate contracts Interest expense $ $ $ Cash Flow Hedges Recognized in OCI (Effective Portion): Interest rate contracts OCI -pretax * (.4) Foreign exchange contracts OCI -pretax * Reclassified from OCI (Effective Portion): Interest rate contracts Interest expense * Foreign exchange contracts Administrative and operating expenses * 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 amounts are 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): 2016 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Net Assets External $ $ $ John Deere Liabilities External John Deere 2015 Derivatives: Gross Amounts Recognized Netting Arrangements Collateral Net Assets External $ $ $ John Deere Liabilities External John Deere

Geographic Area Information (Ta

Geographic Area Information (Tables)	12 Months Ended
	Oct. 31, 2016
Geographic Area Information
Schedule of Geographic Area Information	Geographic area information as of and for the years ended October 31, 2016, 2015 and 2014 is presented below (in millions of dollars): 2016 2015 2014 Revenues: U.S. $ $ $ Outside the U.S. Total $ $ $ Operating profit: U.S. $ $ $ Outside the U.S. Total $ $ $ Receivables: U.S. $ $ $ Outside the U.S. Total $ $ $

Unconsolidated Affiliated Com46

Unconsolidated Affiliated Company (Tables)	12 Months Ended
	Oct. 31, 2016
Unconsolidated Affiliated Company
Unconsolidated Affiliated Company	Summarized financial information of the unconsolidated affiliated company was as follows (in millions of dollars): Year Ended October 31 2016 2015 2014 Operations: Total revenue $ $ $ Net income The Company’s equity in net income October 31 2016 2015 Financial Position: Total assets $ $ Total external borrowings Total net assets The Company’s share of net assets

Supplemental Information (Una47

Supplemental Information (Unaudited) (Tables)	12 Months Ended
	Oct. 31, 2016
Supplemental Information (Unaudited)
Quarterly Financial Information	The Company’s fiscal year ends in October and its interim periods (quarters) end in January, April and July. Supplemental quarterly information for the Company follows (in millions of dollars): First Second Third Fourth Fiscal Quarter Quarter Quarter Quarter Year 2016: Revenues $ $ $ $ $ Interest expense Operating expenses Provision for income taxes Equity in income of unconsolidated affiliate .8 .2 .2 .4 Net loss attributable to noncontrolling interests (.1) (.1) Net income attributable to the Company $ $ $ $ $ 2015: Revenues $ $ $ $ $ Interest expense Operating expenses Provision for income taxes Equity in income of unconsolidated affiliate .4 .4 .1 .3 Net income attributable to the Company $ $ $ $ $

Organization and Consolidation

Organization and Consolidation (Details)	12 Months Ended
	Oct. 31, 2016
Maximum portion of receivables guaranteed by related parties
Maximum portion of receivables guaranteed by related parties (as a percent)	5.00%
Maximum portion of receivables serviced by related parties
Maximum portion of receivables serviced by related parties (as a percent)	5.00%

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Summary of Significant Accounting Policies
Pretax net loss for foreign exchange	$ 13.9	$ 19.7	$ 27.4

Receivables - Retail Notes (Det

Receivables - Retail Notes (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Receivables, by Product Category
Total receivables	$ 27,714.5	$ 29,092.4	$ 30,505.9
Retail notes
Receivables, by Product Category
Total receivables	$ 17,468.2	$ 18,659	$ 19,461.3
Average original term of receivables	55 months	55 months	54 months
Average actual life of receivables	37 months	33 months	30 months
Retail notes | Agriculture and turf
Receivables, by Product Category
Total receivables	$ 14,965.8	$ 16,194.9
Retail notes | Construction and forestry
Receivables, by Product Category
Total receivables	2,502.4	2,464.1
Retail notes | Unrestricted
Receivables, by Product Category
Receivables, Gross	12,727.5	14,193.7
Unearned finance income	(400.5)	(383.1)
Total receivables	12,327	13,810.6
Retail notes | Unrestricted | Agriculture and turf | New
Receivables, by Product Category
Receivables, Gross	6,683.4	7,221.9
Retail notes | Unrestricted | Agriculture and turf | Used
Receivables, by Product Category
Receivables, Gross	4,093.1	5,126.9
Retail notes | Unrestricted | Construction and forestry | New
Receivables, by Product Category
Receivables, Gross	1,669.4	1,603.1
Retail notes | Unrestricted | Construction and forestry | Used
Receivables, by Product Category
Receivables, Gross	281.6	241.8
Retail notes | Securitized
Receivables, by Product Category
Receivables, Gross	5,234.7	4,922.1
Unearned finance income	(93.5)	(73.7)
Total receivables	5,141.2	4,848.4
Retail notes | Securitized | Agriculture and turf | New
Receivables, by Product Category
Receivables, Gross	1,983.7	1,786.5
Retail notes | Securitized | Agriculture and turf | Used
Receivables, by Product Category
Receivables, Gross	2,631.1	2,449.4
Retail notes | Securitized | Construction and forestry | New
Receivables, by Product Category
Receivables, Gross	544.3	600.2
Retail notes | Securitized | Construction and forestry | Used
Receivables, by Product Category
Receivables, Gross	$ 75.6	$ 86

Receivables - Retail Note Insta

Receivables - Retail Note Installments (Details) - Retail notes - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Unrestricted
Receivable Installments, Due in Months:
Receivables, due in 0 - 12 months	$ 4,224.6	$ 4,568.6
Receivables, due in 13 - 24 months	3,258.3	3,606.8
Receivables, due in 25 - 36 months	2,503.7	2,873.6
Receivables, due in 37 - 48 months	1,665	1,944.6
Receivables, due in 49 - 60 months	869.4	1,007.8
Receivables, Over 60 months	206.5	192.3
Receivables, Gross	12,727.5	14,193.7
Securitized
Receivable Installments, Due in Months:
Receivables, due in 0 - 12 months	2,268.6	2,057.1
Receivables, due in 13 - 24 months	1,535.5	1,417.5
Receivables, due in 25 - 36 months	931.3	921.4
Receivables, due in 37 - 48 months	407.8	425.9
Receivables, due in 49 - 60 months	84.2	94.9
Receivables, Over 60 months	7.3	5.3
Receivables, Gross	$ 5,234.7	$ 4,922.1

Receivables - Down Payment and

Receivables - Down Payment and Contract Terms (Details) - Retail notes	12 Months Ended
	Oct. 31, 2016
Agriculture and turf | Minimum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Seasonal payments - Down Payment (as a percent)	10.00%
Monthly payments - Down Payment (as a percent)	10.00%
Seasonal payments - Contract Terms	3 years
Monthly payments - Contract Terms	36 months
Receivables - Other Disclosures
Percentage of balances outstanding used to determine excess withholdings to be remitted to dealers	0.50%
Agriculture and turf | Maximum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Seasonal payments - Down Payment (as a percent)	30.00%
Monthly payments - Down Payment (as a percent)	20.00%
Seasonal payments - Contract Terms	7 years
Monthly payments - Contract Terms	84 months
Receivables - Other Disclosures
Percentage of balances outstanding used to determine excess withholdings to be remitted to dealers	3.00%
Construction and forestry | New
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Down Payment (as a percent)	10.00%
Construction and forestry | New | Minimum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Contract Terms	48 months
Construction and forestry | New | Maximum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Contract Terms	60 months
Construction and forestry | Used
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Down Payment (as a percent)	15.00%
Construction and forestry | Used | Minimum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Contract Terms	36 months
Construction and forestry | Used | Maximum
Guidelines Relating to Down Payment Requirements and Contract Terms on Retail Notes
Contract Terms	48 months

Receivables - Other (Details)

Receivables - Other (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Receivables - Other Disclosures
Total receivables	$ 27,714.5	$ 29,092.4	$ 30,505.9
Retail notes
Receivables - Other Disclosures
Average effective yield on Retail Notes Receivable (as a percent)	3.90%	3.90%	4.00%
Total receivables	$ 17,468.2	$ 18,659	$ 19,461.3
Retail notes | John Deere
Receivables - Other Disclosures
Portion of finance income earned on retail notes receivable containing waiver of finance charges or reduced rates (as a percent)	30.00%	26.00%	24.00%
Finance income earned on Receivables and Leases containing waiver of finance charges or reduced rates	$ 211	$ 184.9	$ 178.2
Revolving charge accounts
Receivables - Other Disclosures
Total receivables	3,078.5	2,680.8	2,535.9
Revolving charge accounts | John Deere
Receivables - Other Disclosures
Finance income earned on Receivables and Leases containing waiver of finance charges or reduced rates	$ 11.3	11.4	11.3
Wholesale receivables
Receivables - Other Disclosures
Term that the average term for wholesale notes is less than	12 months
Total receivables	$ 6,562.5	7,185.5	7,919.1
Wholesale receivables | John Deere
Receivables - Other Disclosures
Finance income earned on Receivables and Leases containing waiver of finance charges or reduced rates	$ 209.7	$ 196.9	$ 203.4
Wholesale receivables | Minimum
Receivables - Other Disclosures
Interest-free periods granted at the time of sale to dealer	1 month
Wholesale receivables | Maximum
Receivables - Other Disclosures
Interest-free periods granted at the time of sale to dealer	12 months

Receivables - Financing Leases

Receivables - Financing Leases Receivable (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Financing Leases Receivable
Total Receivables	$ 27,714.5	$ 29,092.4	$ 30,505.9
Financing leases
Financing Leases Receivable
Receivables, Gross	524.5	523.1
Estimated residual values	136.2	95.1
Unearned finance income	(55.4)	(51.1)
Total Receivables	605.3	567.1
Financing leases | Agriculture and turf
Financing Leases Receivable
Receivables, Gross	351.2	338.9
Total Receivables	432.1	389.2
Financing leases | Construction and forestry
Financing Leases Receivable
Receivables, Gross	173.3	184.2
Total Receivables	$ 173.2	$ 177.9

Receivables - Scheduled Payment

Receivables - Scheduled Payments on Financing Leases (Details) - Financing leases - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Gross Receivable Installments
Receivables, due in 0 - 12 months	$ 208.4	$ 206.6
Receivables, due in 13 - 24 months	147.6	145
Receivables, due in 25 - 36 months	88.9	95.4
Receivables, due in 37 - 48 months	52.2	48.5
Receivables, Over 48 months	27.4	27.6
Receivables, Gross	524.5	523.1
John Deere
Receivables - Other Disclosures
Finance income earned on Receivables and Leases containing waiver of finance charges or reduced rates	$ 2.3	$ 2	$ 2.3
Minimum
Financing Leases Receivable
Initial lease terms of financing leases	4 months
Maximum
Financing Leases Receivable
Initial lease terms of financing leases	60 months

Allowance for Credit Losses a56

Allowance for Credit Losses and Credit Quality of Receivables - Past Due Age Analysis (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
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	$ 401.3	$ 346.1
Total Non-Performing	124.2	86.5
Current	27,189	28,659.8
Total Receivables	27,714.5	29,092.4	$ 30,505.9
30-59 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	212.3	193.3
60-89 Days Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	95.1	91.7
90 Days or Greater Past Due
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	$ 93.9	61.1
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	$ 17,468.2	18,659	19,461.3
Retail notes | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	216.9	192.3
Total Non-Performing	90.2	45.8
Current	14,658.7	15,956.8
Total Receivables	14,965.8	16,194.9
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	106.3	100.2
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	51	48.8
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	59.6	43.3
Retail notes | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	131.1	102.3
Total Non-Performing	23.7	17
Current	2,347.6	2,344.8
Total Receivables	2,502.4	2,464.1
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	73.6	61.7
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	32.4	28.5
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	$ 25.1	12.1
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	$ 3,078.5	2,680.8	2,535.9
Revolving charge accounts | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	18.5	17.3
Total Non-Performing	1.3	1.8
Current	2,979.2	2,579.5
Total Receivables	2,999	2,598.6
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	12.9	11.4
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	3.5	5.1
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	2.1	0.8
Revolving charge accounts | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	3.5	3.2
Total Non-Performing		0.1
Current	76	78.9
Total Receivables	79.5	82.2
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	2.4	2.1
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	0.7	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
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	$ 6,562.5	7,185.5	$ 7,919.1
Wholesale receivables | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	8.3	4.7
Total Non-Performing	0.3	10.3
Current	5,530.7	5,981.2
Total Receivables	5,539.3	5,996.2
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	5.5	2
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	1.3	2.1
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	1.5	0.6
Wholesale receivables | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	1.4	2.2
Current	1,021.8	1,187.1
Total Receivables	1,023.2	1,189.3
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		0.8
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	$ 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	$ 605.3	567.1
Financing leases | Agriculture and turf
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	17	20.2
Total Non-Performing	6.1	8.2
Current	409	360.8
Total Receivables	432.1	389.2
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	8.8	12.3
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	4.6	5.7
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	3.6	2.2
Financing leases | Construction and forestry
Age Analysis of Past Due Receivables That Are Still Accruing Interest and Non-Performing Receivables
Total Past Due	4.6	3.9
Total Non-Performing	2.6	3.3
Current	166	170.7
Total Receivables	173.2	177.9
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	2.8	2.8
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	1.6	0.7
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	$ 0.2	$ 0.4

Allowance for Credit Losses a57

Allowance for Credit Losses and Credit Quality of Receivables - Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Allowance:
Beginning of year balance	$ 109.8	$ 112.4	$ 111.4
Provision (credit) for credit losses	68.8	32.3	27.3
Write-offs	(91.3)	(55.9)	(45.7)
Recoveries	24.9	22.6	20.2
Other changes (primarily translation adjustments)	(0.5)	(1.6)	(0.8)
End of year balance	111.7	109.8	112.4
Balance individually evaluated	2.6	1.2	2
Receivables:
End of year balance	27,714.5	29,092.4	30,505.9
Balance individually evaluated	54.3	32.1	25.9
Retail notes
Allowance:
Beginning of year balance	53.3	56.1	50.7
Provision (credit) for credit losses	27.3	9.4	13.2
Write-offs	(29.9)	(17.8)	(12.7)
Recoveries	5.8	6.5	5.5
Other changes (primarily translation adjustments)	(0.2)	(0.9)	(0.6)
End of year balance	56.3	53.3	56.1
Balance individually evaluated	2.3		1.7
Receivables:
End of year balance	17,468.2	18,659	19,461.3
Balance individually evaluated	44.5	20.2	24.5
Revolving charge accounts
Allowance:
Beginning of year balance	39.7	39.9	39.7
Provision (credit) for credit losses	35.8	20.7	10.5
Write-offs	(54.3)	(36.2)	(24.6)
Recoveries	18.5	15.3	14.3
End of year balance	39.7	39.7	39.9
Balance individually evaluated			0.2
Receivables:
End of year balance	3,078.5	2,680.8	2,535.9
Balance individually evaluated	8.4	0.2	0.2
Wholesale receivables
Allowance:
Beginning of year balance	8.1	7.6	6.4
Provision (credit) for credit losses	3.1	0.6	9
Write-offs	(4.1)	(0.3)	(7.7)
Recoveries	0.1	0.6	0.1
Other changes (primarily translation adjustments)		(0.4)	(0.2)
End of year balance	7.2	8.1	7.6
Balance individually evaluated	0.2	1	0.1
Receivables:
End of year balance	6,562.5	7,185.5	7,919.1
Balance individually evaluated	0.8	10.9	1.2
Other
Allowance:
Beginning of year balance	8.7	8.8	14.6
Provision (credit) for credit losses	2.6	1.6	(5.4)
Write-offs	(3)	(1.6)	(0.7)
Recoveries	0.5	0.2	0.3
Other changes (primarily translation adjustments)	(0.3)	(0.3)
End of year balance	8.5	8.7	8.8
Balance individually evaluated	0.1	0.2
Receivables:
End of year balance	605.3	567.1	$ 589.6
Balance individually evaluated	$ 0.6	$ 0.8

Allowance for Credit Losses a58

Allowance for Credit Losses and Credit Quality of Receivables - Other (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Additional Receivable Disclosures
Investment in non-performing Receivables	$ 124.2	$ 86.5
Total non-performing Receivables as a percentage of Receivables outstanding	0.45%	0.30%
Minimum number of days for a receivable to be considered past due	30 days
Total Receivables 30 days or more past due and still accruing finance income	$ 401.3	$ 346.1
Total past due amounts as a percentage of total Receivables outstanding	1.45%	1.19%
Allowance for credit losses as a percentage of total Receivables outstanding	0.40%	0.38%
Deposits primarily withheld from John Deere dealers and merchants available for potential credit losses	$ 138.1	$ 151.9

Allowance for Credit Losses a59

Allowance for Credit Losses and Credit Quality of Receivables - Impaired Receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Recorded Investment
Receivables with specific allowance	$ 10.9	$ 10.5
Receivables without specific allowance	9.7	10.1
Total	20.6	20.6
Unpaid Principal Balance
Receivables with specific allowance	10.5	10.4
Receivables without specific allowance	9.6	10.1
Total	20.1	20.5
Specific Allowance	2.6	1.2
Average Recorded Investment
Receivables with specific allowance	12.5	10.4
Receivables without specific allowance	10.9	12.5
Total	23.4	22.9
Agriculture and turf
Recorded Investment
Total	11.9	16.9
Unpaid Principal Balance
Total	11.6	16.8
Specific Allowance	1.9	1
Average Recorded Investment
Total	10.2	18
Construction and forestry
Recorded Investment
Total	8.7	3.7
Unpaid Principal Balance
Total	8.5	3.7
Specific Allowance	0.7	0.2
Average Recorded Investment
Total	13.2	4.9
Retail notes
Recorded Investment
Receivables with specific allowance	10.2
Receivables without specific allowance	9.5	9.5
Unpaid Principal Balance
Receivables with specific allowance	9.9
Receivables without specific allowance	9.4	9.5
Specific Allowance	2.3
Average Recorded Investment
Receivables with specific allowance	10.6
Receivables without specific allowance	10.6	11.8
Wholesale receivables
Recorded Investment
Receivables with specific allowance	0.3	9.7
Receivables without specific allowance	0.2	0.6
Unpaid Principal Balance
Receivables with specific allowance	0.3	9.7
Receivables without specific allowance	0.2	0.6
Specific Allowance	0.2	1
Average Recorded Investment
Receivables with specific allowance	1.5	9.7
Receivables without specific allowance	0.3	0.7
Financing leases
Recorded Investment
Receivables with specific allowance	0.4	0.8
Unpaid Principal Balance
Receivables with specific allowance	0.3	0.7
Specific Allowance	0.1	0.2
Average Recorded Investment
Receivables with specific allowance	$ 0.4	$ 0.7

Allowance for Credit Losses a60

Allowance for Credit Losses and Credit Quality of Receivables - Troubled Debt Restructurings (Details) $ in Millions	12 Months Ended
	Oct. 31, 2016USD ($)item	Oct. 31, 2015USD ($)item	Oct. 31, 2014USD ($)item
Receivables Related to Troubled Debt Restructurings
Receivable contracts in troubled debt restructuring, number | item	150	106	66
Receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 5	$ 3.1	$ 2.6
Receivables in troubled debt restructurings, aggregate balances, post-modification	$ 4	$ 2.4	$ 2.2
Number of troubled debt restructurings that subsequently defaulted | item	0	0	0
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 0

Allowance for Credit Losses a61

Allowance for Credit Losses and Credit Quality of Receivables - Write-offs (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Dollars
Total write-offs	$ (91.3)	$ (55.9)	$ (45.7)
Total recoveries	24.9	22.6	20.2
Total net write-offs	$ (66.4)	$ (33.3)	$ (25.5)
Percent
Total write-offs (as a percent)	(0.32%)	(0.19%)	(0.16%)
Total recoveries (as a percent)	0.09%	0.08%	0.07%
Total net write-offs (as a percent)	(0.23%)	(0.11%)	(0.09%)
Retail notes
Dollars
Total write-offs	$ (29.9)	$ (17.8)	$ (12.7)
Total recoveries	$ 5.8	$ 6.5	$ 5.5
Percent
Total write-offs (as a percent)	(0.17%)	(0.10%)	(0.07%)
Total recoveries (as a percent)	0.03%	0.03%	0.03%
Retail notes | Agriculture and turf
Dollars
Total write-offs	$ (10.5)	$ (9.5)	$ (6.1)
Total recoveries	$ 4.3	$ 4.7	$ 3.3
Percent
Total write-offs (as a percent)	(0.07%)	(0.06%)	(0.04%)
Total recoveries (as a percent)	0.03%	0.03%	0.02%
Retail notes | Construction and forestry
Dollars
Total write-offs	$ (19.4)	$ (8.3)	$ (6.6)
Total recoveries	$ 1.5	$ 1.8	$ 2.2
Percent
Total write-offs (as a percent)	(0.79%)	(0.35%)	(0.33%)
Total recoveries (as a percent)	0.06%	0.08%	0.11%
Revolving charge accounts
Dollars
Total write-offs	$ (54.3)	$ (36.2)	$ (24.6)
Total recoveries	$ 18.5	$ 15.3	$ 14.3
Percent
Total write-offs (as a percent)	(2.13%)	(1.58%)	(1.11%)
Total recoveries (as a percent)	0.73%	0.68%	0.65%
Wholesale receivables
Dollars
Total write-offs	$ (4.1)	$ (0.3)	$ (7.7)
Total recoveries	$ 0.1	$ 0.6	$ 0.1
Percent
Total write-offs (as a percent)	(0.05%)		(0.09%)
Total recoveries (as a percent)		0.01%
Financing leases
Dollars
Total write-offs	$ (3)	$ (1.6)	$ (0.5)
Total recoveries	$ 0.5	$ 0.2	$ 0.2
Percent
Total write-offs (as a percent)	(0.54%)	(0.29%)	(0.09%)
Total recoveries (as a percent)	0.09%	0.04%	0.04%
Operating loans
Dollars
Total write-offs			$ (0.2)
Total recoveries			$ 0.1
Percent
Total write-offs (as a percent)			(1.45%)
Total recoveries (as a percent)			0.73%

Securitization of Receivables62

Securitization of Receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Aug. 31, 2015
Securitization of Receivables
Unconsolidated conduits, carrying value of liabilities	$ 1,728.8
Unconsolidated conduits, maximum exposure to loss	1,861
Retail notes securitized	5,141.2	$ 4,848.4
Allowance for credit losses - securitization transactions	(14.7)	(13.8)
Other assets - securitization transactions	115.7	109.4
Total restricted securitized assets - securitization transactions	5,242.2	4,944
Securitization borrowings	5,002.5	4,590
Accrued interest on borrowings - securitization transactions	2.6	2.1
Total liabilities related to restricted securitized assets - securitization transactions	$ 5,005.1	4,592.1
Maximum remaining term of all restricted receivables	6 years
VIE-Primary Beneficiary
Securitization of Receivables
Total restricted securitized assets - securitization transactions	$ 2,717.6	3,005.4
Total liabilities related to restricted securitized assets - securitization transactions	2,659.8	2,743.2
Restricted securitized assets - securitization transaction retained	0	189.3	$ 228
Non-VIE Banking Operation
Securitization of Receivables
Total restricted securitized assets - securitization transactions	663.6	249.2
Total liabilities related to restricted securitized assets - securitization transactions	616.5	237.7
VIE-Not Primary Beneficiary
Securitization of Receivables
Total assets	41,200
Total restricted securitized assets - securitization transactions	1,861	1,689.4
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,728.8	$ 1,611.2

Equipment on Operating Leases63

Equipment on Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Equipment on Operating Leases
Impairment losses on operating leases	$ 31.1	$ 10.3	$ 3.4
Total	5,261	4,239.3
Accumulated depreciation	(864.8)	(629.5)
Equipment on operating leases - net	4,396.2	3,609.8
Deposits withheld from John Deere dealers available for potential losses on residual values	67.8	30.2
Due in:
0-12 months	573	474.1
13-24 months	342.7	307.9
25-36 months	151.2	142.7
37-48 months	62.6	62.6
Over 48 months	10.1	10.9
Total	1,139.6	998.2
Impairment losses on matured operating lease inventory	$ 28.6	9.1	0
Minimum payment default period	30 days
Past due balances of operating leases	$ 97.8	71.3
John Deere | Operating Leases
Equipment on Operating Leases
Finance income earned on Receivables and Leases containing waiver of finance charges or reduced rates	$ 28.7	20.7	$ 12.4
Minimum
Equipment on Operating Leases
Initial lease terms, operating	12 months
Maximum
Equipment on Operating Leases
Initial lease terms, operating	60 months
Agriculture and turf
Equipment on Operating Leases
Total	$ 3,924.3	3,067
Construction and forestry
Equipment on Operating Leases
Total	$ 1,336.7	$ 1,172.3

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Short-Term Borrowings
Commercial paper and other notes payable	$ 386.4	$ 2,343.6
Securitization borrowings	5,002.5	4,590
John Deere	2,270.3	1,123.5
Current maturities of long-term borrowings	4,510.7	4,465.4
Total short-term borrowings	$ 12,169.9	$ 12,522.5
Payment Schedule for Securitization Borrowings Based on Expected Liquidation of Retail Notes
Weighted-average interest rate on total short-term borrowings, excluding current maturities of long-term borrowings (as a percent)	1.20%	0.80%
Securitization borrowings
Payment Schedule for Securitization Borrowings Based on Expected Liquidation of Retail Notes
Total payments for securitization borrowings	$ 5,002.7
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2017	2,726.5
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2018	1,474.2
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2019	663.1
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2020	111.8
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2021	25.1
Payment schedule for securitization borrowings based on expected liquidation of the retail notes, 2022	$ 2

Short-Term Borrowings - Other (

Short-Term Borrowings - Other (Details) $ in Millions	12 Months Ended
	Oct. 31, 2016USD ($)
Line of Credit Facility
Lines of credit available from U.S. and foreign banks	$ 7,058.5
Lines of credit unused	$ 5,747.3
Consolidated ratio of earnings to fixed charges required by the credit agreements, minimum at the end of each fiscal quarter	1.05
Ratio of senior debt, excluding securitization indebtedness, to capital base (total subordinated debt and stockholder's equity excluding accumulated other comprehensive income (loss)) required by the credit agreements, maximum at the end of any fiscal quarter	11
Deere & Company
Agreement with Deere & Company
Minimum ownership percentage by Deere & Company in Capital Corporation capital stock	51.00%
Minimum consolidated tangible net worth of Capital Corporation to be maintained by Deere & Company	$ 50
Minimum ratio of earnings to fixed charges of Capital Corporation to be maintained by Deere & Company	1.05
Line of Credit Facilities Expiring April, 2020
Line of Credit Facility
Lines of credit available from U.S. and foreign banks	$ 2,900
Line of Credit Facilities Expiring April, 2021
Line of Credit Facility
Lines of credit available from U.S. and foreign banks	$ 2,900

Long-Term Borrowings (Details)

Long-Term Borrowings (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Long-Term Borrowings
Total senior debt	$ 16,576.3	$ 16,995.2
Unamortized debt discount	(7.4)	(14.7)
Total	16,568.9	16,980.5
Principal Amounts of Long-Term Borrowings Maturing in Each of Next Five Years
2,017	4,509.8
2,018	4,408.9
2,019	4,250.7
2,020	2,328.8
2,021	2,000
Medium-term notes due 2017-2026
Long-Term Borrowings
Total senior debt	16,046	16,482.8
Principal amount	$ 15,821.1	$ 16,243.4
Average interest rates (as a percent)	1.70%	1.30%
2.75% Senior notes due 2022
Long-Term Borrowings
Total senior debt	$ 519	$ 512.4
Debt instrument, stated interest rate (as a percent)	2.75%	2.75%
Principal amount	$ 500	$ 500
Portion of debt swapped to variable interest rates, amount	$ 500	$ 500
Variable interest rates, debt swaps (as a percent)	1.60%	1.10%
Other notes
Long-Term Borrowings
Total senior debt	$ 11.3

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Leases
Total rental expense for operating leases	$ 1.9	$ 2.2	$ 2.7
Operating Leases, Future Minimum Lease Payments
Future minimum lease payments under operating leases	3.2
2,017	1.9
2,018	1.2
2,019	$ 0.1

Capital Stock (Details)

Capital Stock (Details) - $ / shares	Oct. 31, 2016	Oct. 31, 2015
Capital Stock
Number of shares of preferred stock authorized, but not issued	10,000	10,000
Par value of preferred stock (in dollars per share)	$ 1	$ 1

Dividends (Details)

Dividends (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Dividends
Cash dividends declared and paid to JDFS	$ 485	$ 485	$ 140

Pension and Other Postretirem70

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Defined contribution plans related to employee investment and savings primarily in the U.S.
Defined contribution plans employer contributions and costs (primarily in the U.S.)	$ 12.2	$ 12.4	$ 12.5
Pensions
Defined Benefit Plan Disclosure
Expenses related to defined benefit plans	5.7	9.7	6.4
Health Care and Life Insurance
Defined Benefit Plan Disclosure
Expenses related to defined benefit plans	$ 2.4	$ 3.7	$ 8.4

Stock Option Awards (Details)

Stock Option Awards (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Stock Option Awards
Total share-based compensation expense	$ 5.7	$ 5.7	$ 5.3
Income tax benefit recognized in net income	$ 2.1	$ 2.1	$ 2

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes and Statutory and Effective (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Current:
U.S. - Federal									$ (119)	$ 119.1	$ 274.4
U.S. - State									4.4	5.4	7.9
Foreign									17.1	20.1	21.2
Total current									(97.5)	144.6	303.5
Deferred:
U.S. - Federal									273.4	121.2	(33.7)
U.S. - State									(0.7)	1.7	0.6
Foreign									5.1	2.4	(9.8)
Total deferred									277.8	125.3	(42.9)
Provision for income taxes	$ 40.9	$ 51.2	$ 39.3	$ 48.9	$ 64.4	$ 71.1	$ 67.7	$ 66.7	$ 180.3	269.9	260.6
Comparison of the Statutory and Effective Income Tax Provision
U.S. federal income tax provision statutory rate (as a percent)									35.00%
U.S. federal income tax provision at a statutory rate of 35 percent									$ 182	268.4	281
Increase (Decrease) Resulting from:
Municipal lease income not taxable									(1.4)	(1.4)	(1.4)
Tax rates on foreign earnings									(5.9)	(6)	(8)
Foreign tax benefit											(23.1)
State and local income taxes, net of federal income tax benefit									2.4	4.6	5.5
Other - net									3.2	4.3	6.6
Provision for income taxes	40.9	$ 51.2	$ 39.3	$ 48.9	$ 64.4	$ 71.1	$ 67.7	$ 66.7	180.3	$ 269.9	$ 260.6
Accumulated earnings of certain subsidiaries outside the U.S. for which no provision for U.S. income or foreign withholding taxes has been made	360.7								360.7
Provision for income and withholding taxes on accumulated earnings in certain subsidiaries outside the U.S.	0								0
Cash and cash equivalents held by foreign subsidiaries	$ 85								$ 85

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Deferred Tax Assets
Allowance for credit losses	$ 53.6	$ 45.3
Accrual for retirement and other benefits	26.3	27.4
Federal taxes on deferred state tax deductions	14.6	14.1
Tax loss and tax credit carryforwards	20.8	11.8
Miscellaneous accruals and other	8.3	17.6
Less valuation allowances	(1.8)	(1.1)
Deferred income tax assets	121.8	115.1
Deferred Tax Liabilities
Lease transactions	789.9	505.4
Tax over book depreciation	12	9.7
Deferred retail note finance income	5.4	6.2
Miscellaneous accruals and other	0.2
Deferred income tax liabilities	807.5	$ 521.3
Additional Deferred income Tax Information
Tax loss and tax credit carryforwards, expiring from 2017 through 2036	17.1
Tax loss and tax credit carryforwards with an indefinite carryforward period	$ 3.7

Income Taxes - Uncertain Tax Po

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Reconciliation of the Total Amounts of Unrecognized Tax Benefits
Beginning of year balance	$ 36	$ 36.2	$ 33.6
Increases to tax positions taken during the current year	9.7	11.1	12.1
Increases to tax positions taken during prior years	1.1	1.6	0.7
Decreases to tax positions taken during prior years	(7.3)	(7.8)	(7)
Decreases due to lapse of statute of limitations	(3)	(3.9)	(3.2)
Settlements		(1.1)
Foreign exchange		(0.1)
End of year balance	36.5	36	36.2
Unrecognized tax benefits affecting effective tax rate if recognized	19	19.2
Total amount of expense from interest and penalties	1.8	1.4	$ 1.7
Accrued interest and penalties on income tax	$ 16.8	$ 15.8

Other Income and Administrati75

Other Income and Administrative and Operating Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Other income - net
Fees from John Deere	$ 6.5	$ 15.9	$ 43.2
Fees from customers	27.5	21.4	16.7
Other	9.8	(4.9)	10.4
Total	43.8	32.4	70.3
Administrative and operating expenses
Compensation and benefits	222.9	231.4	261.2
Other	244	143.3	149.4
Total	$ 466.9	$ 374.7	$ 410.6

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Cash Flow Information
Cash payments for interest	$ 421.4	$ 308.3	$ 315.1
Cash payments (receipts) for income taxes	$ (80.6)	$ 134.5	$ 301

Commitments and Contingencies -

Commitments and Contingencies - Guarantees (Details) $ in Millions	12 Months Ended
	Oct. 31, 2016USD ($)
John Deere Financial Inc. | Guarantees of debt and derivatives | Commercial paper
Guarantee Obligations
Guarantee obligations maximum exposure	$ 343
John Deere Financial Inc. | Guarantees of debt and derivatives | Derivative Instruments
Guarantee Obligations
Guarantee obligations maximum exposure	12.3
Notional amount	2,038.8
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	$ 1,681
Weighted average interest rate (as a percent)	2.10%
Maximum remaining maturity	6 years

Commitments and Contingencies78

Commitments and Contingencies - Commitments (Details) $ in Millions	Oct. 31, 2016USD ($)
Commitments
Restricted other assets	$ 41.3
John Deere dealers
Commitments
Unused commitments	9,200
Customers
Commitments
Unused commitments	$ 28,200
Minimum percentage of unused commitments to extend credit to customers that relate to revolving charge accounts	95.00%

Other Comprehensive Income It79

Other Comprehensive Income Items - After-Tax Changes (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
After-tax changes in accumulated other comprehensive income (loss)
Balance	$ 3,749.8	$ 3,805.1	$ 3,431.1
Current period activity	(20.7)	(68.5)	(30.2)
Balance	3,585.7	3,749.8	3,805.1
Cumulative Translation Adjustment
After-tax changes in accumulated other comprehensive income (loss)
Balance	(60.4)	6	39.5
Current period activity	(23.7)	(66.4)	(33.5)
Balance	(84.1)	(60.4)	6
Unrealized Gain (Loss) on Derivatives
After-tax changes in accumulated other comprehensive income (loss)
Balance	(2.7)	(0.6)	(3.9)
Current period activity	3	(2.1)	3.3
Balance	$ 0.3	$ (2.7)	$ (0.6)

Other Comprehensive Income It80

Other Comprehensive Income Items - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Other comprehensive income (loss), before tax
Interest expense	$ (117.1)	$ (109.8)	$ (105.6)	$ (89.6)	$ (80.8)	$ (78.8)	$ (77.7)	$ (74.6)	$ (422.1)	$ (311.9)	$ (281.1)
Administrative and operating expenses									(466.9)	(374.7)	(410.6)
Total other comprehensive income (loss), before tax									(19.1)	(69.7)	(28.4)
Other comprehensive income (loss), tax (expense) credit
Total other comprehensive income (loss), tax (expense) credit									(1.6)	1.2	(1.8)
Other comprehensive income (loss), after tax
Other comprehensive income (loss), net of income taxes									(20.7)	(68.5)	(30.2)
Cumulative Translation Adjustment
Other comprehensive income (loss), before tax
Total other comprehensive income (loss), before tax									(23.7)	(66.4)	(33.5)
Other comprehensive income (loss), after tax
Other comprehensive income (loss), net of income taxes									(23.7)	(66.4)	(33.5)
Unrealized Gain (Loss) on Derivatives
Other comprehensive income (loss), before tax
Unrealized hedging gain (loss), before tax									(0.4)	(11.9)	(10.2)
Total other comprehensive income (loss), before tax									4.6	(3.3)	5.1
Other comprehensive income (loss), tax (expense) credit
Unrealized hedging gain (loss), tax (expense) credit									0.1	4.2	3.6
Total other comprehensive income (loss), tax (expense) credit									(1.6)	1.2	(1.8)
Other comprehensive income (loss), after tax
Unrealized hedging gain (loss), after tax									(0.3)	(7.7)	(6.6)
Other comprehensive income (loss), net of income taxes									3	(2.1)	3.3
Unrealized Gain (Loss) on Derivatives | Interest rate contracts | Reclassifications of realized gain (loss)
Other comprehensive income (loss), before tax
Interest expense									5	8.6	9.8
Other comprehensive income (loss), tax (expense) credit
Reclassification of realized (gain) loss, tax expense (credit)									(1.7)	(3)	(3.5)
Other comprehensive income (loss), after tax
Reclassification of realized (gain) loss, after tax									$ 3.3	$ 5.6	6.3
Unrealized Gain (Loss) on Derivatives | Foreign exchange contracts | Reclassifications of realized gain (loss)
Other comprehensive income (loss), before tax
Administrative and operating expenses											5.5
Other comprehensive income (loss), tax (expense) credit
Reclassification of realized (gain) loss, tax expense (credit)											(1.9)
Other comprehensive income (loss), after tax
Reclassification of realized (gain) loss, after tax											$ 3.6

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Fair Values of Financial Instruments
Securitization borrowings	$ 5,002.5	$ 4,590
Current maturities of long-term borrowings	4,510.7	4,465.4
Long-term borrowings	16,568.9	16,980.5
Level 3
Fair Values of Financial Instruments
Receivables financed - net	22,429.5	24,126.5
Retail notes securitized - net	5,114.2	4,820.5
Level 2
Fair Values of Financial Instruments
Securitization borrowings	5,004.9	4,590.2
Current maturities of long-term borrowings	4,530	4,478.7
Long-term borrowings	16,724.5	17,007.6
Carrying Value
Fair Values of Financial Instruments
Receivables financed - net	22,476.3	24,148
Retail notes securitized - net	5,126.5	4,834.6
Securitization borrowings	5,002.5	4,590
Current maturities of long-term borrowings	4,510.7	4,465.4
Long-term borrowings	$ 16,568.9	$ 16,980.5

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	$ 301.1	$ 348.1
Derivative liabilities	28.3	47.9
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	301.1	348.1
Derivative liabilities	28.3	47.9
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	241.8	241.6
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	35.3	83.7
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	24	22.4
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		19.8
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	13.8	11.3
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	4.3	5.6
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	$ 10.2	11.5
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	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Assets and liabilities measured at fair value
Equipment on operating leases - net	$ 4,396.2	$ 3,609.8
Losses, Equipment on operating leases - net	31.1	10.3	$ 3.4
Fair Value, Nonrecurring Measurements | Level 3
Assets and liabilities measured at fair value
Equipment on operating leases - net	654.4	478.7
Losses, Equipment on operating leases - net	31.1	10.3
Other assets	184	96.2
Losses, Other assets	28.6	9.1
Total fair value	838.4	574.9
Total (gains) losses	$ 59.7	$ 19.4

Derivative Instruments - Cash F

Derivative Instruments - Cash Flow Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Cash Flow Hedges
Cash flow hedge gain (loss) recorded in OCI to be reclassified within twelve months	$ (0.1)
Maximum maturity of cash flow hedge interest rate and cross-currency interest rate contracts	26 months
Gains or losses reclassified from OCI to earnings	$ 0
Interest rate contracts | Cash flow hedges | Designated as hedges
Cash Flow Hedges
Notional amounts	1,600	$ 2,800
Cross-currency interest rate contracts | Cash flow hedges | Designated as hedges
Cash Flow Hedges
Notional amounts	$ 0	$ 0

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Hedges (Details) - Interest rate contracts - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Fair Value Hedges
Gains (losses) on ineffective portion of interest rate fair value hedge derivatives	$ (1.6)	$ 1.7
Gain (Loss) on Fair Value Hedges
Gains (losses) on interest rate contracts	9	102.5
Net accrued interest income on interest rate contracts	142.1	166.2
Gains (losses) on borrowings	(10.6)	(100.8)
Accrued interest expense on borrowings	276.8	257
Fair Value Hedges | Designated as hedges
Fair Value Hedges
Notional amounts	$ 8,283.7	$ 8,048.6

Derivative Instruments - Not De

Derivative Instruments - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Interest rate contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 2,101.2	$ 2,679.5
Interest rate contracts | Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	2,430.3	1,902.1
Interest rate contracts | Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	2,430.3	1,902.1
Foreign exchange contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	1,263.6	966.6
Cross-currency interest rate contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 63.4	$ 75.6

Derivative Instruments - Fair87

Derivative Instruments - Fair Value (Details) - USD ($) $ in Millions	Oct. 31, 2016	Oct. 31, 2015
Fair Value of Derivative Instruments
Total derivative assets	$ 301.1	$ 348.1
Total derivative liabilities	28.3	47.9
Designated as hedges | Interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	226	207.2
Designated as hedges | Interest rate contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	34.7	80.9
Designated as hedges | Interest rate contracts | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	10.2	7.1
Not Designated as Hedging Instruments | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	26	45.9
Not Designated as Hedging Instruments | Other assets
Fair Value of Derivative Instruments
Total derivative assets	14.4	14.1
Not Designated as Hedging Instruments | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	13.8	15.4
Not Designated as Hedging Instruments | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities	4.3	25.4
Not Designated as Hedging Instruments | Interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	15.8	34.4
Not Designated as Hedging Instruments | Interest rate contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	0.6	2.8
Not Designated as Hedging Instruments | Interest rate contracts | Other payables to John Deere
Fair Value of Derivative Instruments
Total derivative liabilities	13.8	15.3
Not Designated as Hedging Instruments | Interest rate contracts | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities		19.8
Not Designated as Hedging Instruments | Foreign exchange contracts | Other assets
Fair Value of Derivative Instruments
Total derivative assets	13.8	11.3
Not Designated as Hedging Instruments | Foreign exchange contracts | Accounts payable and accrued expenses
Fair Value of Derivative Instruments
Total derivative liabilities	4.3	5.6
Not Designated as Hedging Instruments | Cross-currency interest rate contracts | Receivables from John Deere
Fair Value of Derivative Instruments
Total derivative assets	$ 10.2	11.5
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	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 57.5	$ 157.4	$ 57.6
John Deere
Classification and gains (losses) including accrued interest expense related to derivative instruments
Gain (loss) on derivatives transactions with affiliate party	151.9	262.7	145.8
Interest rate contracts | Interest expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	151.1	268.7	148.2
Not designated as hedges, gains (losses)	(1.5)	(8.2)	5
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)	(5)	(8.6)	(9.8)
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)	(0.4)	(11.9)	(6.1)
Foreign exchange 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)			(4.1)
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)	$ 59	$ 165.6	52.6
Foreign exchange contracts | Administrative and operating expenses | 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)			$ (5.5)

Derivative Instruments - Counte

Derivative Instruments - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Derivative assets
Gross Amounts Recognized	$ 301.1	$ 348.1
Derivative liabilities
Gross Amounts Recognized	28.3	47.9
John Deere
Derivative assets
Gross Amounts Recognized	252	253.1
Netting Arrangements	(24)	(22.5)
Net Amount	228	230.6
Derivative liabilities
Gross Amounts Recognized	24	22.5
Netting Arrangements	(24)	(22.5)
External
Derivative assets
Gross Amounts Recognized	49.1	95
Netting Arrangements	(1.1)	(20.3)
Net Amount	48	74.7
Derivative liabilities
Gross Amounts Recognized	4.3	25.4
Netting Arrangements	(1.1)	(20.3)
Net Amount	3.2	5.1
Derivative Instruments
Counterparty Risk and Collateral
Aggregate liability positions for derivatives with credit risk related contingent features	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	$ 1.9	$ 2.2

Geographic Area Information (De

Geographic Area Information (Details) $ in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2016USD ($)	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2016USD ($)item	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Geographic Area Information
Number of operating segments | item									1
Revenues	$ 541.5	$ 538.6	$ 526.9	$ 487.2	$ 506.5	$ 493.4	$ 475	$ 476.8	$ 2,094.2	$ 1,951.7	$ 1,895.8
Operating profit (loss)									521.8	768.1	804.8
Receivables	27,714.5				29,092.4				27,714.5	29,092.4	30,505.9
U.S.
Geographic Area Information
Revenues									1,899.3	1,736.9	1,646
Operating profit (loss)									441.7	681.6	682.2
Receivables	24,287.9				25,779.4				24,287.9	25,779.4	26,570
Outside the U.S.
Geographic Area Information
Revenues									194.9	214.8	249.8
Operating profit (loss)									80.1	86.5	122.6
Receivables	$ 3,426.6				$ 3,313				$ 3,426.6	$ 3,313	$ 3,935.9

Unconsolidated Affiliated Com91

Unconsolidated Affiliated Company (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Unconsolidated Affiliated Company
Ownership percentage in equity method investee	50.00%								50.00%
Operations:
Total revenue									$ 10.7	$ 11.3	$ 13.7
Net income									3.2	2.4	3.8
The Company's equity in net income	$ 0.4	$ 0.2	$ 0.2	$ 0.8	$ 0.3	$ 0.1	$ 0.4	$ 0.4	1.6	1.2	$ 1.9
Financial Position:
Total assets	200.9				189.2				200.9	189.2
Total external borrowings	168.1				163.2				168.1	163.2
Total net assets	23.7				21				23.7	21
The Company's share of net assets	$ 11.9				$ 10.5				$ 11.9	$ 10.5

Supplemental Information (Una92

Supplemental Information (Unaudited) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Supplemental Information (Unaudited)
Revenues	$ 541.5	$ 538.6	$ 526.9	$ 487.2	$ 506.5	$ 493.4	$ 475	$ 476.8	$ 2,094.2	$ 1,951.7	$ 1,895.8
Interest expense	117.1	109.8	105.6	89.6	80.8	78.8	77.7	74.6	422.1	311.9	281.1
Operating expenses	302.2	287.4	312.6	249.7	239.8	216.7	214.1	202.3	1,151.9	872.9	811.8
Provision for income taxes	40.9	51.2	39.3	48.9	64.4	71.1	67.7	66.7	180.3	269.9	260.6
Equity in income of unconsolidated affiliate	0.4	0.2	0.2	0.8	0.3	0.1	0.4	0.4	1.6	1.2	1.9
Net loss attributable to noncontrolling interests				(0.1)					(0.1)
Net income attributable to the Company	$ 81.7	$ 90.4	$ 69.6	$ 99.9	$ 121.8	$ 126.9	$ 115.9	$ 133.6	$ 341.6	$ 498.2	$ 544.2

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Jan. 31, 2017	Oct. 31, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Subsequent Event
Cash dividends declared and paid to JDFS				$ 485	$ 485	$ 140
Voluntary Employee Separations
Voluntary Employee Separations
Total expected voluntary separation program costs, pretax			$ 7.6	$ 7.6
Incurred voluntary separate program costs, pretax			$ 0.2
Voluntary Employee Separations | Forecasted
Voluntary Employee Separations
Incurred voluntary separate program costs, pretax		$ 7.4
Subsequent Event
Subsequent Event
Dividend from JDFS paid to Deere & Co.	$ 140
Subsequent Event | John Deere Financial Services, Inc.
Subsequent Event
Cash dividends declared and paid to JDFS	$ 140