Deere & Company (DE) 10-Q 28 May 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Apr. 30, 2015
Document and Entity Information
Entity Registrant Name	DEERE & CO
Entity Central Index Key	315189
Document Type	10-Q
Document Period End Date	30-Apr-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-21
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	333,871,447
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

STATEMENT_OF_CONSOLIDATED_INCO

STATEMENT OF CONSOLIDATED INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Net Sales and Revenues
Net sales	$7,398.50	$9,246.20	$13,003.60	$16,194.80
Finance and interest income	576.3	544.1	1,169.90	1,075.60
Other income	195.9	157.6	380.3	331.6
Total	8,170.70	9,947.90	14,553.80	17,602
Costs and Expenses
Cost of sales	5,694.20	6,871.80	10,114.80	12,067.30
Research and development expenses	341.1	354.1	674.3	677.8
Selling, administrative and general expenses	740	846.5	1,398.90	1,612.50
Interest expense	165.5	165.8	345.6	337.5
Other operating expenses	212.9	245.9	435.5	478.2
Total	7,153.70	8,484.10	12,969.10	15,173.30
Income of Consolidated Group before Income Taxes	1,017	1,463.80	1,584.70	2,428.70
Provision for income taxes	324	479	494.6	759.6
Income of Consolidated Group	693	984.8	1,090.10	1,669.10
Equity in loss of unconsolidated affiliates	-2.2	-3.6	-12.4	-6.6
Net Income	690.8	981.2	1,077.70	1,662.50
Less: Net income attributable to noncontrolling interests	0.3	0.5	0.5	0.7
Net Income Attributable to Deere & Company	$690.50	$980.70	$1,077.20	$1,661.80
Per Share Data
Basic (in dollars per share)	$2.05	$2.67	$3.17	$4.50
Diluted (in dollars per share)	$2.03	$2.65	$3.14	$4.46
Average Shares Outstanding
Basic (in shares)	337.1	366.6	340.2	369.2
Diluted (in shares)	339.7	369.8	342.8	372.6

STATEMENT_OF_CONSOLIDATED_COMP

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME
Net Income	$690.80	$981.20	$1,077.70	$1,662.50
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	20.9	37.6	63.2	87.7
Cumulative translation adjustment	-66.6	106.5	-577	-61.5
Unrealized gain (loss) on derivatives	1.3	-0.6	-0.2	2.3
Unrealized gain (loss) on investments	-4.2	2.4	3.1	1.1
Other Comprehensive Income (Loss), Net of Income Taxes	-48.6	145.9	-510.9	29.6
Comprehensive Income of Consolidated Group	642.2	1,127.10	566.8	1,692.10
Less: Comprehensive income attributable to noncontrolling interests	0.3	0.5	0.2	0.7
Comprehensive Income Attributable to Deere & Company	$641.90	$1,126.60	$566.60	$1,691.40

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014	Oct. 31, 2013
In Millions, unless otherwise specified
Assets
Cash and cash equivalents	$4,355.40	$3,787	$3,078.50	$3,504
Marketable securities	392.9	1,215.10	1,571.70
Receivables from unconsolidated affiliates	46.4	30.2	38.3
Trade accounts and notes receivable - net	4,717.10	3,277.60	5,119.70
Financing receivables - net	24,745.80	27,422.20	25,496.10
Financing receivables securitized - net	4,741.10	4,602.30	4,345.40
Other receivables	873.4	1,500.30	1,194.20
Equipment on operating leases - net	4,195.20	4,015.50	3,203.80
Inventories	4,624.20	4,209.70	5,849.60
Property and equipment - net	5,245.10	5,577.80	5,373.10
Investments in unconsolidated affiliates	299.2	303.2	308.5
Goodwill	737	791.2	839.6	845
Other intangible assets - net	60.4	68.8	71.2
Retirement benefits	313.9	262	580.7
Deferred income taxes	2,659.40	2,776.60	2,458.10
Other assets	1,587.50	1,496.90	1,249.20
Assets held for sale			84.7
Total Assets	59,594	61,336.40	60,862.40
Liabilities and Stockholders' Equity
Short-term borrowings	8,989	8,019.20	8,763
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Payables to unconsolidated affiliates	130.1	101	134.5
Accounts payable and accrued expenses	7,260.20	8,554.10	8,150.30
Deferred income taxes	149.3	160.9	162
Long-term borrowings	23,622.80	24,380.70	23,166.90
Retirement benefits and other liabilities	6,563.90	6,496.50	5,438.80
Liabilities held for sale			49.8
Total liabilities	51,418	52,270.90	50,194.80
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at April 30, 2015 - 536,431,204)	3,745.20	3,675.40	3,621.60
Common stock in treasury	-13,951.20	-12,834.20	-11,224.10
Retained earnings	22,673.40	22,004.40	20,931.30
Accumulated other comprehensive income (loss)	-4,293.60	-3,783	-2,663.50	-2,693
Total Deere & Company stockholders' equity	8,173.80	9,062.60	10,665.30
Noncontrolling interests	2.2	2.9	2.3
Total stockholders' equity	8,176	9,065.50	10,667.60	10,267.70
Total Liabilities and Stockholders' Equity	$59,594	$61,336.40	$60,862.40

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)	Apr. 30, 2015
CONDENSED CONSOLIDATED BALANCE SHEET
Common stock, par value (in dollars per share)	$1
Common stock, issued shares	536,431,204

STATEMENT_OF_CONSOLIDATED_CASH

STATEMENT OF CONSOLIDATED CASH FLOWS (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Cash Flows from Operating Activities
Net income	$1,077.70	$1,662.50
Adjustments to reconcile net income to net cash used for operating activities:
Provision for credit losses	15.1	9.8
Provision for depreciation and amortization	682.9	630.3
Impairment charges		62.3
Share-based compensation expense	28.7	44.7
Undistributed earnings of unconsolidated affiliates	8.8	7.9
Provision (credit) for deferred income taxes	117.8	-138
Changes in assets and liabilities:
Trade, notes and financing receivables related to sales	-860.8	-1,692.80
Insurance receivables	333.4	175.4
Inventories	-932.9	-1,268.20
Accounts payable and accrued expenses	-698.3	-578.7
Accrued income taxes payable/receivable	-76.3	86.8
Retirement benefits	186.6	138
Other	-37.4	28.1
Net cash used for operating activities	-154.7	-831.9
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	8,332.40	8,344.70
Proceeds from maturities and sales of marketable securities	791.9	611.3
Proceeds from sales of equipment on operating leases	552.3	570.9
Proceeds from sales of businesses, net of cash sold	148.8	307.2
Cost of receivables acquired (excluding receivables related to sales)	-7,426.10	-8,409.30
Purchases of marketable securities	-33.9	-562.8
Purchases of property and equipment	-324.3	-426.2
Cost of equipment on operating leases acquired	-830.2	-618.1
Other	-58.9	-85.1
Net cash provided by (used for) investing activities	1,152	-267.4
Cash Flows from Financing Activities
Increase in total short-term borrowings	1,147	956.7
Proceeds from long-term borrowings	2,512.20	4,253.80
Payments of long-term borrowings	-2,453.30	-3,135.50
Proceeds from issuance of common stock	86.1	108.7
Repurchases of common stock	-1,173.90	-1,093.40
Dividends paid	-415.8	-382.3
Excess tax benefits from share-based compensation	11.7	24.2
Other	-39.1	-32.9
Net cash provided by (used for) financing activities	-325.1	699.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-103.8	-25.5
Net Increase (Decrease) in Cash and Cash Equivalents	568.4	-425.5
Cash and Cash Equivalents at Beginning of Period	3,787	3,504
Cash and Cash Equivalents at End of Period	$4,355.40	$3,078.50

STATEMENT_OF_CHANGES_IN_CONSOL

STATEMENT OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests
In Millions, unless otherwise specified
Balance at Oct. 31, 2013	$10,267.70	$3,524.20	($10,210.90)	$19,645.60	($2,693.10)	$1.90
Increase (Decrease) in Stockholders' Equity
Net income	1,662.50			1,661.80		0.7
Other comprehensive income (loss)	29.6				29.6
Repurchases of common stock	-1,093.40		-1,093.40
Treasury shares reissued	80.2		80.2
Dividends declared	-376.4			-376.1		-0.3
Stock options and other	97.4	97.4
Balance at Apr. 30, 2014	10,667.60	3,621.60	-11,224.10	20,931.30	-2,663.50	2.3
Balance at Oct. 31, 2014	9,065.50	3,675.40	-12,834.20	22,004.40	-3,783	2.9
Increase (Decrease) in Stockholders' Equity
Net income	1,077.70			1,077.20		0.5
Other comprehensive income (loss)	-510.9				-510.6	-0.3
Repurchases of common stock	-1,173.90		-1,173.90
Treasury shares reissued	56.9		56.9
Dividends declared	-408.9			-408		-0.9
Stock options and other	69.6	69.8		-0.2
Balance at Apr. 30, 2015	$8,176	$3,745.20	($13,951.20)	$22,673.40	($4,293.60)	$2.20

ORGANIZATION_AND_CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	6 Months Ended
	Apr. 30, 2015
ORGANIZATION AND CONSOLIDATION
ORGANIZATION AND CONSOLIDATION	(1)                  The information in the notes and related commentary are presented in a format which includes data grouped as follows:
	Equipment Operations - Includes the Company’s agriculture and turf operations and construction and forestry operations with financial services reflected on the equity basis.
	Financial Services - Includes primarily the Company’s financing operations.
	Consolidated - Represents the consolidation of the equipment operations and financial services.  References to “Deere & Company” or “the Company” refer to the entire enterprise.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION	6 Months Ended
	Apr. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2)                  The consolidated financial statements of Deere & Company and consolidated subsidiaries have been prepared by the Company, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted as permitted by such rules and regulations.  All adjustments, consisting of normal recurring adjustments, have been included.  Management believes that the disclosures are adequate to present fairly the financial position, results of operations and cash flows at the dates and for the periods presented.  It is suggested that these interim financial statements be read in conjunction with the consolidated financial statements and the notes thereto appearing in the Company’s latest annual report on Form 10-K.  Results for interim periods are not necessarily indicative of those to be expected for the fiscal year.
	The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures.  Actual results could differ from those estimates.
CASH FLOW INFORMATION	Cash Flow Information
	All cash flows from the changes in trade accounts and notes receivable are classified as operating activities in the Statement of Consolidated Cash Flows as these receivables arise from sales to the Company’s customers.  Cash flows from financing receivables that are related to sales to the Company’s customers are also included in operating activities.  The remaining financing receivables are related to the financing of equipment sold by independent dealers and are included in investing activities.
	The Company had the following non-cash operating and investing activities that were not included in the Statement of Consolidated Cash Flows.  The Company transferred inventory to equipment on operating leases of approximately $276 million and $272 million in the first six months of 2015 and 2014, respectively.  The Company also had accounts payable related to purchases of property and equipment of approximately $39 million and $44 million at April 30, 2015 and 2014, respectively.

NEW_ACCOUNTING_STANDARDS

NEW ACCOUNTING STANDARDS	6 Months Ended
	Apr. 30, 2015
NEW ACCOUNTING STANDARDS
NEW ACCOUNTING STANDARDS	(3)                  New accounting standards to be adopted are as follows:
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification (ASC) 605, Revenue Recognition.  This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract.  In April 2015, the FASB issued a proposed ASU to defer the effective date by one year.  If the proposed ASU is finalized, the effective date will be the first quarter of fiscal year 2019 with early adoption permitted in the first quarter of fiscal year 2018.  The adoption will use one of two retrospective application methods.  The Company has not determined the potential effects on the consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which amends ASC 718, Compensation - Stock Compensation.  This ASU requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  Therefore, the performance target should not be reflected in estimating the grant-date fair value of the award.  Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered.  The total compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest.  The effective date will be the first quarter of fiscal year 2017.  The adoption will not have a material effect on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which amends ASC 835-30, Interest - Imputation of Interest.  This ASU requires that debt issuance costs related to borrowings be presented in the balance sheet as a direct deduction from the carrying amount of the borrowing.  This treatment is consistent with debt discounts.  The ASU does not affect the amount or timing of expenses for debt issuance costs.  The effective date will be the first quarter of fiscal year 2017 and will be applied retrospectively.  The adoption will not have a material effect on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, which amends ASC 350-40, Intangibles-Goodwill and Other-Internal-Use Software.  This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license.  If an arrangement includes a software license, the accounting for the license will be consistent with licenses of other intangible assets.  If the arrangement does not include a license, the arrangement will be accounted for as a service contract.  The effective date will be the first quarter of fiscal year 2017 and can be adopted prospectively or retrospectively.  The Company has not determined the potential effects on the consolidated financial statements.
	In May 2015, the FASB issued ASU No. 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), which amends ASC 820, Fair Value Measurement.  This ASU removes the requirement to categorize within the fair value hierarchy investments without readily determinable fair values in entities that elect to measure fair value using net asset value per share or its equivalent.  The ASU requires that these investments continue to be shown in the investment disclosure amount to allow the disclosure to reconcile to the investment amount presented in the balance sheet.  The effective date will be the first quarter of fiscal year 2017 and will be applied retrospectively with early adoption permitted.  The Company is evaluating early adoption.  The adoption will not have a material effect on the Company’s consolidated financial statements.

OTHER_COMPREHENSIVE_INCOME_ITE

OTHER COMPREHENSIVE INCOME ITEMS	6 Months Ended
	Apr. 30, 2015
OTHER COMPREHENSIVE INCOME ITEMS
OTHER COMPREHENSIVE INCOME ITEMS	(4)                  The after-tax changes in accumulated other comprehensive income (loss) in millions of dollars follow:
		Retirement			Cumulative			Unrealized			Unrealized		Total
		Benefits			Translation			Gain (Loss)			Gain (Loss)		Accumulated
		Adjustment			Adjustment			on			on		Other
								Derivatives			Investments		Comprehensive
													Income (Loss)
	Balance October 31, 2014	$	-3,493		$	-303					$	13	$	-3,783
	Other comprehensive income (loss) items before reclassification	-20			-577			$	-2		5		-594
	Amounts reclassified from accumulated other comprehensive income	83						2			-2		83
	Net current period other comprehensive income (loss)	63			-577						3		-511
	Balance April 30, 2015	$	-3,430		$	-880					$	16	$	-4,294
	Balance October 31, 2013	$	-2,809		$	113		$	-3		$	6	$	-2,693
	Other comprehensive income (loss) items before reclassification	12			-62			-7			1		-56
	Amounts reclassified from accumulated other comprehensive income	76						9					85
	Net current period other comprehensive income (loss)	88			-62			2			1		29
	Balance April 30, 2014	$	-2,721		$	51		$	-1		$	7	$	-2,664
	Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars:
	Three Months April 30, 2015	Before				Tax				After
		Tax				(Expense)				Tax
		Amount				Credit				Amount
	Cumulative translation adjustment:	$	(67	)						$	(67	)
	Unrealized gain (loss) on derivatives:
	Reclassification of realized (gain) loss to:
	Interest rate contracts – Interest expense	3				$	(2	)		1
	Foreign exchange contracts – Other operating expense	(1		)		1
	Net unrealized gain (loss) on derivatives	2				(1		)		1
	Unrealized gain (loss) on investments:
	Unrealized holding gain (loss)	(5		)		2				(3		)
	Reclassification of realized (gain) loss – Other income	(2		)		1				(1		)
	Net unrealized gain (loss) on investments	(7		)		3				(4		)
	Retirement benefits adjustment:
	Pensions
	Net actuarial gain (loss)	(17		)		6				(11		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	55				(20		)		35
	Prior service (credit) cost	6				(3		)		3
	Health care and life insurance
	Net actuarial gain (loss)	(12		)		3				(9		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	23				(8		)		15
	Prior service (credit) cost	(19		)		7				(12		)
	Net unrealized gain (loss) on retirement benefits adjustments	36				(15		)		21
	Total other comprehensive income (loss)	$	(36	)		$	(13	)		$	(49	)
	*                          These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
	Six Months Ended April 30, 2015	Before				Tax				After
		Tax				(Expense)				Tax
		Amount				Credit				Amount
	Cumulative translation adjustment:	$	(575	)		$	(2	)		$	(577	)
	Unrealized gain (loss) on derivatives:
	Unrealized hedging gain (loss)	(4		)		2				(2		)
	Reclassification of realized (gain) loss to:
	Interest rate contracts – Interest expense	6				(2		)		4
	Foreign exchange contracts – Other operating expense	(2		)						(2		)
	Net unrealized gain (loss) on derivatives
	Unrealized gain (loss) on investments:
	Unrealized holding gain (loss)	8				(3		)		5
	Reclassification of realized (gain) loss – Other income	(4		)		2				(2		)
	Net unrealized gain (loss) on investments	4				(1		)		3
	Retirement benefits adjustment:
	Pensions
	Net actuarial gain (loss)	(17		)		6				(11		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	110				(40		)		70
	Prior service (credit) cost	12				(5		)		7
Settlements/curtailments	1								1
Health care and life insurance
Net actuarial gain (loss)	(12		)		3				(9		)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	46				(17		)		29
Prior service (credit) cost	(38		)		14				(24		)
Net unrealized gain (loss) on retirement benefits adjustments	102				(39		)		63
Total other comprehensive income (loss)	$	(469	)		$	(42	)		$	(511	)
*                          These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
Three Months April 30, 2014	Before				Tax				After
	Tax				(Expense)				Tax
	Amount				Credit				Amount
Cumulative translation adjustment:	$	107							$	107
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)	(5		)		$	1			(4		)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense	3				(1		)		2
Foreign exchange contracts – Other operating expense	1								1
Net unrealized gain (loss) on derivatives	(1		)						(1		)
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)	4				(2		)		2
Net unrealized gain (loss) on investments	4				(2		)		2
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)	(39		)		15				(24		)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	43				(16		)		27
Prior service (credit) cost	6				(3		)		3
Settlements/curtailments	4				(1		)		3
Health care and life insurance
Net actuarial gain (loss)	39				(15		)		24
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	8				(3		)		5
Prior service (credit) cost	(1		)		1
Net unrealized gain (loss) on retirement benefits adjustments	60				(22		)		38
Total other comprehensive income (loss)	$	170			$	(24	)		$	146
*                                         These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
In the second quarter of 2015 and 2014, the noncontrolling interests’ comprehensive income was $.3 million and $.5 million, respectively, which consisted of net income of $.3 million in 2015 and $.5 million in 2014.
Six Months Ended April 30, 2014	Before				Tax				After
	Tax				(Expense)				Tax
	Amount				Credit				Amount
Cumulative translation adjustment:	$	(63	)		$	1			$	(62	)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)	(10		)		3				(7		)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense	8				(3		)		5
Foreign exchange contracts – Other operating expense	6				(2		)		4
Net unrealized gain (loss) on derivatives	4				(2		)		2
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)	1								1
Net unrealized gain (loss) on investments	1								1
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)	(20		)		8				(12		)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	86				(31		)		55
Prior service (credit) cost	12				(5		)		7
Settlements/curtailments	6				(2		)		4
Health care and life insurance
Net actuarial gain (loss)	39				(15		)		24
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	17				(6		)		11
Prior service (credit) cost	(2		)		1				(1		)
Net unrealized gain (loss) on retirement benefits adjustments	138				(50		)		88
Total other comprehensive income (loss)	$	80			$	(51	)		$	29
*                                         These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
In the first six months of 2015, the noncontrolling interests’ comprehensive income was $.2 million, which consisted of net income of $.5 million and cumulative translation adjustments of $(.3) million.  In the first six months of 2014, the noncontrolling interests’ comprehensive income was $.7 million, which consisted of net income of $.7 million.

DIVIDENDS_DECLARED_AND_PAID

DIVIDENDS DECLARED AND PAID	6 Months Ended
	Apr. 30, 2015
DIVIDENDS DECLARED AND PAID
DIVIDENDS DECLARED AND PAID
	(5)         Dividends declared and paid on a per share basis were as follows:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Dividends declared	$	0.6	$	.51	$	1.2	$	1.02
	Dividends paid	$	0.6	$	.51	$	1.2	$	1.02

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
	Apr. 30, 2015
EARNINGS PER SHARE
EARNINGS PER SHARE	(6)         A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Net income attributable to Deere & Company	$	690.5	$	980.7	$	1,077.20	$	1,661.80
	Less income allocable to participating securities	0.3		0.4		0.4		0.6
	Income allocable to common stock	$	690.2	$	980.3	$	1,076.80	$	1,661.20
	Average shares outstanding	337.1		366.6		340.2		369.2
	Basic per share	$	2.05	$	2.67	$	3.17	$	4.5
	Average shares outstanding	337.1		366.6		340.2		369.2
	Effect of dilutive share-based compensation	2.6		3.2		2.6		3.4
	Total potential shares outstanding	339.7		369.8		342.8		372.6
	Diluted per share	$	2.03	$	2.65	$	3.14	$	4.46
	During the second quarter and first six months of 2015 and 2014, 3.0 million shares and 2.4 million shares, respectively, in both periods were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.

PENSION_AND_OTHER_POSTRETIREME

PENSION AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Apr. 30, 2015
PENSION AND OTHER POSTRETIREMENT BENEFITS
PENSION AND OTHER POSTRETIREMENT BENEFITS	(7)         The Company has several defined benefit pension plans and defined postretirement health care and life insurance plans covering its U.S. employees and employees in certain foreign countries.
	The worldwide components of net periodic pension cost consisted of the following in millions of dollars:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Service cost	$	69	$	62	$	142	$	123
	Interest cost	119		120		238		239
	Expected return on plan assets	-192		-193		-385		-386
	Amortization of actuarial loss	55		43		110		86
	Amortization of prior service cost	6		6		12		12
	Settlements/curtailments			4		1		6
	Net cost	$	57	$	42	$	118	$	80
	The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Service cost	$	12	$	11	$	23	$	22
	Interest cost	64		65		129		131
	Expected return on plan assets	-14		-17		-28		-35
	Amortization of actuarial loss	23		8		46		17
	Amortization of prior service credit	-19		-1		-38		-2
	Net cost	$	66	$	66	$	132	$	133
	During the first six months of 2015, the Company contributed approximately $40 million to its pension plans and $17 million to its other postretirement benefit plans.  The Company presently anticipates contributing an additional $35 million to its pension plans and $10 million to its other postretirement benefit plans during the remainder of fiscal year 2015.  These contributions include payments from Company funds to either increase plan assets or make direct payments to plan participants.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Apr. 30, 2015
INCOME TAXES
INCOME TAXES	(8)         The Company’s unrecognized tax benefits at April 30, 2015 were $228 million, compared to $213 million at October 31, 2014.  The liability at April 30, 2015 consisted of approximately $72 million, which would affect the effective tax rate if it was recognized.  The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing.  The changes in the unrecognized tax benefits for the first six months of 2015 were not significant.  The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next 12 months would not be significant.

SEGMENT_REPORTING

SEGMENT REPORTING	6 Months Ended
	Apr. 30, 2015
SEGMENT REPORTING
SEGMENT REPORTING	(9)                   Worldwide net sales and revenues, operating profit and identifiable assets by segment in millions of dollars follow:
		Three Months Ended April 30					Six Months Ended April 30
		2015		2014		%	2015		2014		%
						Change					Change
	Net sales and revenues:
	Agriculture and turf	$	5,766	$	7,646	-25	$	9,847	$	13,242	-26
	Construction and forestry	1,633		1,600		2	3,157		2,953		7
	Total net sales	7,399		9,246		-20	13,004		16,195		-20
	Financial services	653		572		14	1,301		1,159		12
	Other revenues	119		130		-8	249		248
	Total net sales and revenues	$	8,171	$	9,948	-18	$	14,554	$	17,602	-17
	Operating profit: *
	Agriculture and turf	$	639	$	1,229	-48	$	907	$	2,026	-55
	Construction and forestry	189		132		43	335		226		48
	Financial services	265		229		16	498		411		21
	Total operating profit	1,093		1,590		-31	1,740		2,663		-35
	Reconciling items **	-79		-130		-39	-168		-241		-30
	Income taxes	-324		-479		-32	-495		-760		-35
	Net income attributable to Deere & Company	$	690	$	981	-30	$	1,077	$	1,662	-35
	Intersegment sales and revenues:
	Agriculture and turf net sales	$	12	$	23	-48	$	25	$	42	-40
	Construction and forestry net sales								1
	Financial services	56		59		-5	106		105		1
	Equipment operations outside the U.S. and Canada:
	Net sales	$	2,628	$	3,672	-28	$	4,502	$	6,280	-28
	Operating profit	231		341		-32	308		552		-44
		April 30		October 31
		2015		2014
	Identifiable assets:
	Agriculture and turf	$	9,252	$	9,442	-2
	Construction and forestry	3,565		3,405		5
	Financial services	41,398		42,784		-3
	Corporate	5,379		5,705		-6
	Total assets	$	59,594	$	61,336	-3
	*                 Operating profit is income from continuing operations before corporate expenses, certain external interest expense, certain foreign exchange gains and losses and income taxes.  Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses.
	**          Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses and net income attributable to noncontrolling interests.

FINANCING_RECEIVABLES

FINANCING RECEIVABLES	6 Months Ended
	Apr. 30, 2015
FINANCING RECEIVABLES
FINANCING RECEIVABLES	(10)                Past due balances of financing 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.  Non-performing financing receivables represent loans for which the Company has ceased accruing finance income.  These receivables are generally 120 days delinquent and the estimated uncollectible amount, after charging the dealer’s withholding account, if any, has been 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 financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows:
			April 30, 2015
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	108	$	55	$	49	$	212
	Construction and forestry		57		24		12		93
	Other:
	Agriculture and turf		32		13		20		65
	Construction and forestry		14		6		2		22
	Total		$	211	$	98	$	83	$	392
			Total		Total		Current		Total
			Past Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	212	$	96	$	18,543	$	18,851
	Construction and forestry		93		18		2,511		2,622
	Other:
	Agriculture and turf		65		16		7,051		7,132
	Construction and forestry		22		7		1,016		1,045
	Total		$	392	$	137	$	29,121	29,650
	Less allowance for credit losses								163
	Total financing receivables - net								$	29,487
			October 31, 2014
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	93	$	34	$	28	$	155
	Construction and forestry		54		16		7		77
	Other:
	Agriculture and turf		23		12		2		37
	Construction and forestry		12		3		4		19
	Total		$	182	$	65	$	41	$	288
			Total Past		Total		Current		Total
			Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	155	$	107	$	19,966	$	20,228
	Construction and forestry		77		17		2,462		2,556
	Other:
	Agriculture and turf		37		15		8,208		8,260
	Construction and forestry		19		2		1,134		1,155
	Total		$	288	$	141	$	31,770	32,199
	Less allowance for credit losses								175
	Total financing receivables - net								$	32,024
			April 30, 2014
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	89	$	31	$	28	$	148
	Construction and forestry		57		19		12		88
	Other:
	Agriculture and turf		24		13		17		54
	Construction and forestry		15		5		3		23
	Total		$	185	$	68	$	60	$	313
			Total		Total		Current		Total
			Past Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	148	$	102	$	19,027	$	19,277
Construction and forestry		88		14		2,113		2,215
Other:
Agriculture and turf		54		17		7,335		7,406
Construction and forestry		23		4		1,088		1,115
Total		$	313	$	137	$	29,563	30,013
Less allowance for credit losses								171
Total financing receivables - net								$	29,842
An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows:
		Three Months Ended April 30, 2015
		Retail		Revolving		Other		Total
		Notes		Charge
				Accounts
Allowance:
Beginning of period balance		$	104	$	41	$	23	$	168
Provision		5		8		1		14
Write-offs		-6		-11		-2		-19
Recoveries		2		3		1		6
Translation adjustments		-6						-6
End of period balance *		$	99	$	41	$	23	$	163
		Six Months Ended April 30, 2015
Allowance:
Beginning of period balance		$	109	$	41	$	25	$	175
Provision		5		8		2		15
Write-offs		-9		-15		-2		-26
Recoveries		4		7				11
Translation adjustments		-10				-2		-12
End of period balance *		$	99	$	41	$	23	$	163
Financing receivables:
End of period balance		$	21,473	$	2,345	$	5,832	$	29,650
Balance individually evaluated **		$	19					$	19
		Three Months Ended April 30, 2014
		Retail		Revolving		Other		Total
		Notes		Charge
				Accounts
Allowance:
Beginning of period balance		$	97	$	40	$	30	$	167
Provision (credit)		7		2		-4		5
Write-offs		-5		-6				-11
Recoveries		2		4				6
Translation adjustments		4						4
End of period balance *		$	105	$	40	$	26	$	171
		Six Months Ended April 30, 2014
Allowance:
Beginning of period balance		$	101	$	41	$	31	$	173
Provision (credit)		8		3		-4		7
Write-offs		-8		-11				-19
Recoveries		4		7				11
Translation adjustments						-1		-1
End of period balance *		$	105	$	40	$	26	$	171
Financing receivables:
End of period balance		$	21,492	$	2,215	$	6,306	$	30,013
Balance individually evaluated **		$	21	$	3	$	11	$	35
*                      Individual allowances were not significant.
**               Remainder is collectively evaluated.
Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms.  Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts.  Receivables that are impaired are generally classified as non-performing.
An analysis of the impaired financing receivables in millions of dollars follows:
		Recorded		Unpaid		Specific		Average
		Investment		Principal		Allowance		Recorded
				Balance				Investment
April 30, 2015 *
Receivables with specific allowance **		$	3	$	3	$	2	$	6
Receivables without a specific allowance **		12		11				12
Total		$	15	$	14	$	2	$	18
Agriculture and turf		$	9	$	8	$	2	$	12
Construction and forestry		$	6	$	6			$	6
October 31, 2014 *
Receivables with specific allowance **		$	9	$	9	$	2	$	10
Receivables without a specific allowance **		6		6				7
Total		$	15	$	15	$	2	$	17
Agriculture and turf		$	12	$	12	$	2	$	13
Construction and forestry		$	3	$	3			$	4
April 30, 2014*
Receivables with specific allowance ***		$	10	$	10	$	2	$	11
Receivables without a specific allowance **		6		6				7
Total		$	16	$	16	$	2	$	18
Agriculture and turf		$	14	$	14	$	2	$	16
Construction and forestry		$	2	$	2			$	2
*	Finance income recognized was not material.
**	Primarily retail notes.
***	Primarily operating loans.
A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties.  These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest.  During the first six months of 2015, the Company identified 50 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $1.5 million pre-modification and $1.1 million post-modification.  During the first six months of 2014, there were 20 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $1.0 million pre-modification and $.8 million post-modification.  During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off.  At April 30, 2015, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.

SECURITIZATION_OF_FINANCING_RE

SECURITIZATION OF FINANCING RECEIVABLES	6 Months Ended
	Apr. 30, 2015
SECURITIZATION OF FINANCING RECEIVABLES
SECURITIZATION OF FINANCING RECEIVABLES	(11)       Securitization of financing receivables:
	The Company, as a part of its overall funding strategy, periodically transfers certain financing receivables (retail notes) into variable interest entities (VIEs) that are special purpose entities (SPEs), or a non-VIE banking operation, as part of its asset-backed securities programs (securitizations).  The structure of these transactions is such that the transfer of the retail notes does not meet the criteria of sales of receivables, and is, therefore, accounted for as a secured borrowing.  SPEs utilized in securitizations of retail notes differ from other entities included in the Company’s consolidated statements because the assets they hold are legally isolated.  Use of the assets held by the SPEs or the non-VIE is restricted by terms of the documents governing the securitization transactions.
	In securitizations of retail notes related to secured borrowings, the retail notes are transferred to certain SPEs or to a non-VIE banking operation, which in turn issue debt to investors.  The resulting secured borrowings are recorded as “Short-term securitization borrowings” on the balance sheet.  The securitized retail notes are recorded as “Financing receivables securitized – net” on the balance sheet.  The total restricted assets on the balance sheet related to these securitizations include the financing receivables securitized less an allowance for credit losses, and other assets primarily representing restricted cash.  For those securitizations in which retail notes are transferred into SPEs, the SPEs supporting the secured borrowings are consolidated unless the Company does not have both the power to direct the activities that most significantly impact the SPEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the SPEs.  No additional support to these SPEs beyond what was previously contractually required has been provided during the reporting periods.
	In certain securitizations, the Company consolidates the SPEs since it has both the power to direct the activities that most significantly impact the SPEs’ economic performance through its role as servicer of all the receivables held by the SPEs, and the obligation through variable interests in the SPEs to absorb losses or receive benefits that could potentially be significant to the SPEs.  The restricted assets (retail notes securitized, allowance for credit losses and other assets) of the consolidated SPEs totaled $3,083 million, $3,011 million and $2,843 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  The liabilities (short-term securitization borrowings and accrued interest) of these SPEs totaled $3,007 million, $2,942 million and $2,777 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  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 a non-VIE banking operation, which is not consolidated since the Company does not have a controlling interest in the entity.  The Company’s carrying values and interests related to the securitizations with the unconsolidated non-VIE were restricted assets (retail notes securitized, allowance for credit losses and other assets) of $228 million, $368 million and $350 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  The liabilities (short-term securitization borrowings and accrued interest) were $218 million, $351 million and $337 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.
	In certain securitizations, the Company transfers retail notes into bank-sponsored, multi-seller, commercial paper conduits, which are SPEs that are not consolidated.  The Company does not service a significant portion of the conduits’ receivables, and, therefore, does not have the power to direct the activities that most significantly impact the conduits’ economic performance.  These conduits provide a funding source to the Company (as well as other transferors into the conduit) as they fund the retail notes through the issuance of commercial paper.  The Company’s carrying values and variable interests related to these conduits were restricted assets (retail notes securitized, allowance for credit losses and other assets) of $1,545 million, $1,331 million and $1,267 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  The liabilities (short-term securitization borrowings and accrued interest) related to these conduits were $1,480 million, $1,267 million and $1,217 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.
	The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets, was as follows in millions of dollars:
		April 30, 2015
	Carrying value of liabilities	$	1,480
	Maximum exposure to loss		1,545
	The total assets of unconsolidated VIEs related to securitizations were approximately $47 billion at April 30, 2015.
	The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars:
		30-Apr			October 31			April 30
		2015			2014			2014
	Financing receivables securitized (retail notes)	$	4,755		$	4,616		$	4,355
	Allowance for credit losses	(14		)	(14		)	(10		)
	Other assets	115			108			115
	Total restricted securitized assets	$	4,856		$	4,710		$	4,460
	The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars:
		30-Apr			October 31			April 30
		2015			2014			2014
	Short-term securitization borrowings	$	4,703		$	4,559		$	4,330
	Accrued interest on borrowings	2			1			1
	Total liabilities related to restricted securitized assets	$	4,705		$	4,560		$	4,331
	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 restricted collection account until immediately prior to the time payment is required to the secured creditors.  At April 30, 2015, the maximum remaining term of all restricted securitized retail notes was approximately six years.

INVENTORIES

INVENTORIES	6 Months Ended
	Apr. 30, 2015
INVENTORIES
INVENTORIES	(12)       Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method.  If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows:
		April 30		October 31		April 30
		2015		2014		2014
	Raw materials and supplies	$	1,675	$	1,724	$	2,024
	Work-in-process	630		654		956
	Finished goods and parts	3,831		3,360		4,389
	Total FIFO value	6,136		5,738		7,369
	Less adjustment to LIFO value	1,512		1,528		1,519
	Inventories	$	4,624	$	4,210	$	5,850

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	6 Months Ended
	Apr. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
GOODWILL AND OTHER INTANGIBLE ASSETS-NET	(13)       The changes in amounts of goodwill by operating segments were as follows in millions of dollars:
			Agriculture and			Construction			Total
			Turf			and Forestry
	Balance October 31, 2013:
	Goodwill		$	302		$	603		$	905
	Less accumulated impairment losses		60						60
	Goodwill-net		242			603			845
	Reclassification to assets held for sale		-60						-60
	Translation adjustments		1			-6			-5
	Balance April 30, 2014:
	Goodwill		243			597			840
	Less accumulated impairment losses *
	Goodwill-net		$	243		$	597		$	840
	Balance October 31, 2014:
	Goodwill		$	235		$	556		$	791
	Less accumulated impairment losses *
	Goodwill - net		235			556			791
	Translation adjustments		-13			-41			-54
	Balance April 30, 2015:
	Goodwill-net		$	222		$	515		$	737
	*	Accumulated impairment losses were reduced by $60 million related to the divestiture of the Water operations, which occurred in May 2014 (see Note 18).
	The components of other intangible assets were as follows in millions of dollars:
			Useful Lives *		April 30			October 31			April 30
			(Years)		2015			2014			2014
	Amortized intangible assets:
	Customer lists and relationships		15		$	19		$	20		$	20
	Technology, patents, trademarks		18		90			90			87
	and other
	Total at cost				109			110			107
	Less accumulated amortization **				49			45			40
	Total				60			65			67
	Unamortized intangible assets:
	Licenses ***							4			4
	Other intangible assets-net				$	60		$	69		$	71
	*	Weighted-averages
	**	Accumulated amortization at April 30, 2015, October 31, 2014 and April 30, 2014 for customer lists and relationships totaled $10 million, $9 million and $8 million, respectively, and technology, patents, trademarks and other totaled $39 million, $36 million and $32 million, respectively.
	***	Licenses were reduced by $4 million related to the divestiture of the Crop Insurance operations, which occurred in March 2015 (see Note 19).
	The amortization of other intangible assets in the second quarter and the first six months of 2015 was $2 million and $5 million and for 2014 was $3 million and $5 million, respectively.  The estimated amortization expense for the next five years is as follows in millions of dollars:  remainder of 2015 - $8, 2016 - $10, 2017 - $9, 2018 - $5 and 2019 - $5.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	(14)       Commitments and contingencies:
	The Company generally determines its total warranty liability by applying historical claims rate experience to the estimated amount of equipment that has been sold and is still under warranty based on dealer inventories and retail sales.  The historical claims rate is primarily determined by a review of five-year claims costs and current quality developments.
	The premiums for extended warranties are primarily recognized in income in proportion to the costs expected to be incurred over the contract period.  These unamortized extended warranty premiums (deferred revenue) included in the following table totaled $428 million and $378 million at April 30, 2015 and 2014, respectively.
	A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Beginning of period balance	$	1,217	$	1,172	$	1,234	$	1,164
	Payments	-165		-177		-343		-366
	Amortization of premiums received	-41		-32		-82		-59
	Accruals for warranties	189		182		370		366
	Premiums received	47		49		92		95
	Foreign exchange	-5		2		-29		-4
	End of period balance	$	1,242	$	1,196	$	1,242	$	1,196
	At April 30, 2015, the Company had approximately $199 million of guarantees issued primarily to banks outside the U.S. and Canada related to third-party receivables for the retail financing of John Deere equipment.  The Company may recover a portion of any required payments incurred under these agreements from repossession of the equipment collateralizing the receivables.  At April 30, 2015, the Company had accrued losses of approximately $6 million under these agreements.  The maximum remaining term of the receivables guaranteed at April 30, 2015 was approximately five years.
	At April 30, 2015, the Company had commitments of approximately $209 million for the construction and acquisition of property and equipment.  Also, at April 30, 2015, the Company had restricted assets of $100 million, primarily as collateral for borrowings and restricted other assets.  See Note 11 for additional restricted assets associated with borrowings related to securitizations.
	The Company also had other miscellaneous contingent liabilities totaling approximately $43 million at April 30, 2015, for which it believes the probability for payment is substantially remote.  The accrued liability for these contingencies was not material at April 30, 2015.
	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 product liability (including asbestos related liability), retail credit, software licensing, patent, trademark and environmental matters.  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.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(15)       The fair values of financial instruments that do not approximate the carrying values in millions of dollars follow:
		April 30, 2015						October 31, 2014						April 30, 2014
		Carrying			Fair			Carrying			Fair			Carrying		Fair
		Value			Value *			Value			Value *			Value		Value *
	Financing receivables - net	$	24,746		$	24,632		$	27,422		$	27,337		$	25,496	$	25,383
	Financing receivables securitized - net	4,741			4,716			4,602			4,573			4,345		4,308
	Short-term securitization borrowings	4,703			4,707			4,559			4,562			4,330		4,333
	Long-term borrowings due within one year:
	Equipment operations	$	280		$	264		$	243		$	233		$	130	$	128
	Financial services	4,884			4,871			4,730			4,743			4,391		4,405
	Total	$	5,164		$	5,135		$	4,973		$	4,976		$	4,521	$	4,533
	Long-term borrowings:
	Equipment operations	$	4,489		$	4,994		$	4,643		$	5,095		$	4,817	$	5,181
	Financial services	19,134			19,265			19,738			19,886			18,350		18,548
	Total	$	23,623		$	24,259		$	24,381		$	24,981		$	23,167	$	23,729
	*            Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings.
	Fair values of financing receivables that were issued long-term were based on the discounted values of their related cash flows at interest rates currently being offered by the Company for similar financing receivables.  The fair values of the remaining financing receivables approximated the carrying amounts.
	Fair values of long-term borrowings and short-term securitization borrowings were based on current market quotes for identical or similar borrowings and credit risk, or on the discounted values of their related cash flows at current market interest rates.  Certain long-term borrowings have been swapped to current variable interest rates.  The carrying values of these long-term borrowings included adjustments related to fair value hedges.
	Assets and liabilities measured at fair value on a recurring basis in millions of dollars follow:
		April 30			October 31			April 30
		2015*			2014*			2014*
	Marketable securities
	Equity fund	$	47		$	45		$	30
	Fixed income fund				10			10
	U.S. government debt securities	75			808			1,213
	Municipal debt securities	28			34			35
	Corporate debt securities	128			172			155
	Mortgage-backed securities **	115			146			129
	Total marketable securities	393			1,215			1,572
	Other assets
	Derivatives:
	Interest rate contracts	340			319			296
	Foreign exchange contracts	38			18			20
	Cross-currency interest rate contracts	26			16			16
	Total assets ***	$	797		$	1,568		$	1,904
	Accounts payable and accrued expenses
	Derivatives:
	Interest rate contracts	$	72		$	81		$	136
	Foreign exchange contracts	81			29			33
	Total liabilities	$	153		$	110		$	169
	*                               All measurements above were Level 2 measurements except for Level 1 measurements of the equity fund of $47 million, $45 million and $30 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively, the fixed income fund of $10 million at October 31, 2014 and April 30, 2014 and U.S. government debt securities of $28 million, $741 million and $1,144 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  There were no transfers between Level 1 and Level 2 during the first six months of 2015 or 2014.
	**                        Primarily issued by U.S. government sponsored enterprises.
	***                 Excluded from this table are the Company’s cash equivalents, which were carried at cost that approximates fair value.  The cash equivalents consist primarily of money market funds that were Level 1 measurements.
	The contractual maturities of debt securities at April 30, 2015 in millions of dollars are shown below.  Actual maturities may differ from those scheduled as a result of prepayments by the issuers.  Because of the potential for prepayment on mortgage-backed securities, they are not categorized by contractual maturity.
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	9		$	10
	Due after one through five years	73			76
	Due after five through 10 years	101			105
	Due after 10 years	37			40
	Mortgage-backed securities	113			115
	Debt securities	$	333		$	346
	Fair value, nonrecurring, Level 3 measurements from impairments in millions of dollars follow:
		Fair Value *								Losses
										Three Months Ended					Six Months Ended
		April 30		October 31			April 30			April 30					April 30
		2015		2014			2014			2015		2014			2015	2014
	Property and equipment – net			$	53											$	26
	Assets held for sale – Water operations **						$	91				$	36			$	36
	Other assets			$	15
	*       See financing receivables with specific allowances in Note 10.  Losses were not significant.
	**     Does not include costs to sell (see Note 18).
	The fair value measurement and impairment losses shown above were the result of changes in circumstances that indicate it was probable the future cash flows would not cover the carrying amounts of certain long-lived assets.  The non-cash charge of $26 million pretax and after-tax was recognized in the first quarter of 2014 in cost of sales.  The impairment was associated with the Company’s John Deere Water operations, which were included in the agriculture and turf operating segment.  The impairment was due to a decline in forecasted financial performance and a review of strategic options for the business, which was sold in May 2014.
	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.
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.  In determining 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.
The following is a description of the valuation methodologies the Company uses to measure certain financial instruments on the balance sheet at fair value:
Marketable Securities – The portfolio of investments is primarily valued on a market approach (matrix pricing model) in which all significant inputs are observable or can be derived from or corroborated by observable market data such as interest rates, yield curves, volatilities, credit risk and prepayment speeds.  Funds are primarily valued using the fund’s net asset value, based on the fair value of the underlying securities.
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.
Financing Receivables – Specific reserve impairments are based on the fair value of collateral, which is measured using a market approach (appraisal values or realizable values).  Inputs include a selection of realizable values.
Property and Equipment – Net – The impairments were measured at the lower of the carrying amount, or fair value.  The valuations were based on an income approach using probability weighted cash flows of potential outcomes of the ongoing strategic option review.  The inputs included estimates of the cash flow related to each of the alternatives being considered and management’s estimate of the likelihood of each alternative.
Assets Held for Sale – Water Operations – The impairment of the disposal group was measured at the lower of the carrying amount, or fair value less cost to sell.  Fair value was based on the probable sale price.  The inputs included estimates of the final sale price.
Other Assets – The impairments are measured at the lower of the carrying amount, or fair value.  The valuations were based on a market approach.  The inputs include sales of comparable assets.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Apr. 30, 2015
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	(16)       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’s financial services operations manage the relationship of the types and amounts of their funding sources to their 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 buying, selling and financing in currencies other than the functional currencies.
	All derivatives are recorded at fair value on the balance sheet.  Cash collateral received or paid is not offset against the derivative fair values on the balance sheet.  Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated.  All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy.  Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness.  If and when a derivative is determined not to be highly effective as a hedge, or the underlying hedged transaction is no longer likely to occur, or the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued.  Any past or future changes in the derivative’s fair value, which will not be effective as an offset to the income effects of the item being hedged, are recognized currently in the income statement.
	Cash flow hedges
	Certain interest rate 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 April 30, 2015, October 31, 2014 and April 30, 2014 were $2,550 million, $3,050 million and $3,400 million, respectively.  The notional amounts of cross-currency interest rate contracts at April 30, 2015, October 31, 2014 and April 30, 2014 were $65 million, $70 million and $70 million, respectively.  The effective portions of the fair value gains or losses on these cash flow hedges were recorded in other comprehensive income (OCI) and subsequently reclassified into interest expense or other 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 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 other operating expenses (foreign exchange) and were not material during any periods presented.  The cash flows from these contracts were recorded in operating activities in the consolidated statement of cash flows.
	The amount of loss recorded in OCI at April 30, 2015 that is expected to be reclassified to interest expense or other operating expenses in the next twelve months if interest rates or exchange rates remain unchanged is approximately $4 million after-tax.  These contracts mature in up to 41 months.  There were no gains or losses reclassified from OCI to earnings based on the probability that the original forecasted transaction would not occur.
	Fair value hedges
	Certain interest rate contracts (swaps) were designated as fair value hedges of borrowings.  The total notional amounts of these receive-fixed/pay-variable interest rate contracts at April 30, 2015, October 31, 2014 and April 30, 2014 were $8,507 million, $8,798 million and $8,593 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 $2 million and a gain of $1 million during the second quarter of 2015 and 2014, respectively, and were a gain of $1 million and a loss of $1 million during the first six months of 2015 and 2014, 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 follow in millions of dollars:
		Three Months Ended						Six Months Ended
		April 30						April 30
		2015			2014			2015			2014
	Interest rate contracts *	$	(121)		$	(12)		$	55		$	(81)
	Borrowings **	119			13			(54)			80
	*                               Includes changes in fair values of interest rate contracts excluding net accrued interest income of $44 million and $41 million during the second quarter of 2015 and 2014, respectively, and $89 million and $77 million during the first six months of 2015 and 2014, respectively.
	**                        Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $69 million and $66 million during the second quarter of 2015 and 2014, respectively, and $139 million and $125 million during the first six months of 2015 and 2014, 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 and purchases or sales of inventory.  The total notional amounts of these interest rate swaps at April 30, 2015, October 31, 2014 and April 30, 2014 were $6,342 million, $6,317 million and $5,949 million, the foreign exchange contracts were $3,750 million, $3,524 million and $3,731 million and the cross-currency interest rate contracts were $94 million, $98 million and $88 million, respectively.  At April 30, 2015, October 31, 2014 and April 30, 2014, there were also $1,320 million, $1,703 million and $1,597 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 cost of sales or other 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 condensed consolidated balance sheet in millions of dollars follow:
	Other Assets	April 30			October 31			April 30
		2015			2014			2014
	Designated as hedging instruments:
	Interest rate contracts	$	282		$	266		$	247
	Cross-currency interest rate contracts	14			13			14
	Total designated	296			279			261
	Not designated as hedging instruments:
	Interest rate contracts	58			53			49
	Foreign exchange contracts	38			18			20
	Cross-currency interest rate contracts	12			3			2
	Total not designated	108			74			71
	Total derivatives	$	404		$	353		$	332
	Accounts Payable and Accrued Expenses
	Designated as hedging instruments:
	Interest rate contracts	$	14		$	35		$	92
	Total designated	14			35			92
	Not designated as hedging instruments:
	Interest rate contracts	58			46			44
	Foreign exchange contracts	81			29			33
	Total not designated	139			75			77
	Total derivatives	$	153		$	110		$	169
	The classification and gains (losses) including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following in millions of dollars:
		Expense or		Three Months Ended						Six Months Ended
		OCI		April 30						April 30
		Classification		2015			2014			2015			2014
	Fair Value Hedges:
	Interest rate contracts	Interest		$	-77		$	29		$	144		$	-4
	Cash Flow Hedges:
	Recognized in OCI (Effective Portion):
	Interest rate contracts	OCI (pretax) *		-1			-2			-6			-5
	Foreign exchange contracts	OCI (pretax) *		1			-3			2			-5
	Reclassified from OCI (Effective Portion):
	Interest rate contracts	Interest *		-3			-3			-6			-8
	Foreign exchange contracts	Other operating *		1			-1			2			-6
	Recognized Directly in Income (Ineffective Portion)			**			**			**			**
	Not Designated as Hedges:
	Interest rate contracts	Interest *		$	1		$	2		$	-12		$	4
	Foreign exchange contracts	Cost of sales		-19			-26			26			30
	Foreign exchange contracts	Other operating *		-34			-76			200			11
	Total not designated			$	-52		$	-100		$	214		$	45
	*                                         Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.
	**                                  The amount is not significant.
	Counterparty Risk and Collateral
	Certain of the Company’s derivative agreements contain credit support provisions that may require the Company to post collateral based on the size of the net liability positions and credit ratings.  The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at April 30, 2015, October 31, 2014 and April 30, 2014, was $51 million, $57 million and $112 million, respectively.  The Company, due to its credit rating and amounts of net liability position, has not posted any collateral.  If the credit-risk-related contingent features were triggered, the Company would be required to post collateral up to an amount equal to this 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 counterparty exposure by setting limits that consider the credit rating of the counterparty, the credit default swap spread of the counterparty and other financial commitments and exposures between the Company and the counterparty banks.  All interest rate derivatives are transacted under International Swaps and Derivatives Association (ISDA) documentation.  Some of these agreements include credit support provisions.  Each master agreement permits the net settlement of amounts owed in the event of default or termination.
	Derivatives are recorded without offsetting for netting arrangements or collateral.  The impact on the derivative assets and liabilities related to netting arrangements and any collateral received or paid follows:
April 30, 2015	Gross Amounts			Netting			Collateral			Net Amount
	Recognized			Arrangements			Received
Derivatives:
Assets	$	404		$	-76		$	-1		$	327
Liabilities	153			-76						77
October 31, 2014	Gross Amounts			Netting			Collateral			Net Amount
	Recognized			Arrangements			Received
Derivatives:
Assets	$	353		$	-76		$	-5		$	272
Liabilities	110			-76						34
April 30, 2014	Gross Amounts			Netting			Collateral			Net Amount
	Recognized			Arrangements			Received
Derivatives:
Assets	$	332		$	-95		$	-5		$	232
Liabilities	169			-95						74

STOCK_OPTION_AND_RESTRICTED_ST

STOCK OPTION AND RESTRICTED STOCK AWARDS	6 Months Ended
	Apr. 30, 2015
STOCK OPTION AND RESTRICTED STOCK AWARDS
STOCK OPTION AND RESTRICTED STOCK AWARDS	(17)       In December 2014, the Company granted stock options to employees for the purchase of 3.0 million shares of common stock at an exercise price of $88.19 per share and a binomial lattice model fair value of $19.67 per share at the grant date.  At April 30, 2015, options for 16.2 million shares were outstanding with a weighted-average exercise price of $76.23 per share.  The Company also granted 230 thousand restricted stock units to employees and non-employee directors in the first six months of 2015, of which 104 thousand are subject to service based only conditions, 63 thousand are subject to performance/service based conditions and 63 thousand are subject to market/service based conditions.  The fair value of the service based only units at the grant date was $88.42 per unit based on the market price of a share of underlying common stock.  The fair value of the performance/service based units at the grant date was $81.78 per unit based on the market price of a share of underlying common stock excluding dividends.  The fair value of the market/service based units at the grant date was $113.97 per unit based on a lattice valuation model excluding dividends.  At April 30, 2015, the Company was authorized to grant an additional 16.8 million shares related to stock option and restricted stock awards.

DISPOSITION_WATER_OPERATIONS

DISPOSITION - WATER OPERATIONS (Water Operations)	6 Months Ended
	Apr. 30, 2015
Water Operations
Dispositions
DISPOSITION	(18)       In February 2014, the Company entered into an agreement to sell the stock and certain assets of the entities that composed the Company’s Water operations to FIMI Opportunity Funds.  In the second quarter of 2014, the Company recorded a non-cash charge in other operating expenses of $36 million pretax or $4 million after-tax for an impairment to write the Water operations down to fair value less costs to sell.  The tax benefits recognized from the sale resulted primarily from a change in valuation allowances of the Water operations.  These operations were reflected as assets and liabilities held for sale in the second quarter of 2014 and were included in the Company’s agriculture and turf segment.  The sale was the result of the Company’s intention to invest its resources in growing its core businesses.
	The carrying amounts of the major classes of assets and liabilities of the Water operations that were classified as held for sale on the consolidated balance sheet in millions of dollars follow:
		April 30
		2014
	Trade accounts and notes receivable - net	$	57
	Other receivables	10
	Inventories	49
	Other assets	5
	Asset impairment	-36
	Total assets held for sale	$	85
	Accounts payable and accrued expenses	$	47
	Retirement benefits and other liabilities	3
	Total liabilities held for sale	$	50

DISPOSITION_CROP_INSURANCE_OPE

DISPOSITION - CROP INSURANCE OPERATIONS (Crop Insurance Operations)	6 Months Ended
	Apr. 30, 2015
Crop Insurance Operations
Dispositions
DISPOSITION	(19)       In March 2015, the Company closed the sale of all of the stock of its wholly-owned subsidiaries, John Deere Insurance Company and John Deere Risk Protection, Inc. (collectively the Crop Insurance operations) to Farmers Mutual Hail Insurance Company of Iowa.  These operations were included in the Company’s financial services operating segment.  At January 31, 2015, total assets of $381 million and liabilities of $267 million were classified as held for sale in the consolidated financial statements, which consisted of the following:
		January 31
		2015
	Cash and cash equivalents	$	13
	Marketable securities	79
	Other receivables	265
	Other intangible assets - net	4
	Other assets	20
	Total assets held for sale	$	381
	Account payable and accrued expenses, and	$	267
	Total liabilities held for sale
	The total amount of proceeds from the sale was approximately $154 million, including $5 million of cash and cash equivalents sold, with a gain recorded in other income of $41 million pretax and $38 million after-tax.  The tax expense was partially offset by a change in a valuation allowance on a capital loss carryforward.  The Company will provide certain business services for a fee during a transition period.

SUPPLEMENTAL_CONSOLIDATING_DAT

SUPPLEMENTAL CONSOLIDATING DATA	6 Months Ended
	Apr. 30, 2015
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA
	(20) SUPPLEMENTAL CONSOLIDATING DATA
	STATEMENT OF INCOME
	For the Three Months Ended April 30, 2015 and 2014
	(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
		2015		2014		2015		2014
	Net Sales and Revenues
	Net sales	$	7,398.50	$	9,246.20
	Finance and interest income	17.5		18.6		$	623.6	$	591.8
	Other income	150.3		149.9		85.3		38.5
	Total	7,566.30		9,414.70		708.9		630.3
	Costs and Expenses
	Cost of sales	5,694.70		6,872.00
	Research and development expenses	341.1		354.1
	Selling, administrative and general expenses	620.4		719.2		121.8		129.5
	Interest expense	67.3		80.1		109.5		97.9
	Interest compensation to Financial Services	53.4		54.8
	Other operating expenses	37.2		99.3		212.8		174.3
	Total	6,814.10		8,179.50		444.1		401.7
	Income of Consolidated Group before Income Taxes	752.2		1,235.20		264.8		228.6
	Provision for income taxes	228.6		397.6		95.4		81.4
	Income of Consolidated Group	523.6		837.6		169.4		147.2
	Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
	Financial Services	169.8		147.7		0.4		0.5
	Other	-2.6		-4.1
	Total	167.2		143.6		0.4		0.5
	Net Income	690.8		981.2		169.8		147.7
	Less:   Net income attributable to noncontrolling interests	0.3		0.5
	Net Income Attributable to Deere & Company	$	690.5	$	980.7	$	169.8	$	147.7
	*         Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
	SUPPLEMENTAL CONSOLIDATING DATA (Continued)
	STATEMENT OF INCOME
	For the Six Months Ended April 30, 2015 and 2014
	(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
		2015		2014		2015		2014
	Net Sales and Revenues
	Net sales	$	13,003.60	$	16,194.80
	Finance and interest income	38		35.8		$	1,256.60	$	1,161.00
	Other income	310.4		300.3		150.2		102.9
	Total	13,352.00		16,530.90		1,406.80		1,263.90
	Costs and Expenses
	Cost of sales	10,115.80		12,067.90
	Research and development expenses	674.3		677.8
	Selling, administrative and general expenses	1,160.60		1,362.30		243		255.4
	Interest expense	138.4		155.4		232.4		205.7
	Interest compensation to Financial Services	99.4		97.1
	Other operating expenses	76.2		151.9		434		392.6
	Total	12,264.70		14,512.40		909.4		853.7
	Income of Consolidated Group before Income Taxes	1,087.30		2,018.50		497.4		410.2
	Provision for income taxes	323		638		171.6		121.6
	Income of Consolidated Group	764.3		1,380.50		325.8		288.6
	Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
	Financial Services	326.6		289.9		0.8		1.3
	Other	-13.2		-7.9
	Total	313.4		282		0.8		1.3
	Net Income	1,077.70		1,662.50		326.6		289.9
	Less:   Net income attributable to noncontrolling interests	0.5		0.7
	Net Income Attributable to Deere & Company	$	1,077.20	$	1,661.80	$	326.6	$	289.9
	*         Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
	SUPPLEMENTAL CONSOLIDATING DATA (Continued)
	CONDENSED BALANCE SHEET	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	(In millions of dollars) Unaudited
	30-Apr		31-Oct		30-Apr		30-Apr			31-Oct		30-Apr
	2015		2014		2014		2015			2014		2014
Assets
Cash and cash equivalents	$	3,162.90	$	2,569.20	$	1,874.90	$	1,192.50		$	1,217.80	$	1,203.60
Marketable securities			700.4		1,105.60		392.9			514.7		466.1
Receivables from unconsolidated subsidiaries and affiliates	2,558.00		3,663.90		4,046.70
Trade accounts and notes receivable - net	681.3		706		969.9		5,160.80			3,554.40		5,264.60
Financing receivables - net	8.7		18.5		13.5		24,737.10			27,403.70		25,482.60
Financing receivables securitized - net							4,741.10			4,602.30		4,345.40
Other receivables	780.7		848		924.9		122.5			659		301.1
Equipment on operating leases - net							4,195.20			4,015.50		3,203.80
Inventories	4,624.20		4,209.70		5,849.60
Property and equipment - net	5,191.70		5,522.50		5,316.80		53.4			55.3		56.3
Investments in unconsolidated subsidiaries and affiliates	4,895.50		5,106.50		4,875.60		10.5			10.9		11.5
Goodwill	737		791.2		839.6
Other intangible assets - net	60.4		64.8		67.3					4		4
Retirement benefits	314.3		263.5		546.9		29			32.9		35.5
Deferred income taxes	2,991.20		2,981.90		2,683.40		62.9			64.9		68.8
Other assets	889.9		850.6		667.7		700.2			648.2		583.6
Assets held for sale					84.7
Total Assets	$	26,895.80	$	28,296.70	$	29,867.10	$	41,398.10		$	42,783.60	$	41,026.90
Liabilities and Stockholders’ Equity
Short-term borrowings	$	549.6	$	434.1	$	1,020.50	$	8,439.40		$	7,585.10	$	7,742.50
Short-term securitization borrowings							4,702.70			4,558.50		4,329.50
Payables to unconsolidated subsidiaries and affiliates	130.1		101		134.5		2,511.60			3,633.70		4,008.40
Accounts payable and accrued expenses	6,964.00		7,518.40		7,728.40		1,453.50			2,027.00		1,570.60
Deferred income taxes	79.3		87.1		88		464.8			344.1		368.1
Long-term borrowings	4,488.90		4,642.50		4,816.70		19,133.90			19,738.20		18,350.20
Retirement benefits and other liabilities	6,507.90		6,448.10		5,361.60		85.5			82.8		79
Liabilities held for sale					49.8
Total liabilities	18,719.80		19,231.20		19,199.50		36,791.40			37,969.40		36,448.30
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at April 30, 2015 – 536,431,204)	3,745.20		3,675.40		3,621.60		2,051.30			2,023.10		1,999.40
Common stock in treasury	-13,951.20		-12,834.20		-11,224.10
Retained earnings	22,673.40		22,004.40		20,931.30		2,718.80			2,811.80		2,537.20
Accumulated other comprehensive income (loss)	-4,293.60		-3,783.00		-2,663.50		-163.4			-20.7		42
Total Deere & Company stockholders’ equity	8,173.80		9,062.60		10,665.30		4,606.70			4,814.20		4,578.60
Noncontrolling interests	2.2		2.9		2.3
Total stockholders’ equity	8,176.00		9,065.50		10,667.60		4,606.70			4,814.20		4,578.60
Total Liabilities and Stockholders’ Equity	$	26,895.80	$	28,296.70	$	29,867.10	$	41,398.10		$	42,783.60	$	41,026.90
* Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
SUPPLEMENTAL CONSOLIDATING DATA (Continued)
STATEMENT OF CASH FLOWS
For the Six Months Ended April 30, 2015 and 2014
(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2015		2014		2015		2014
Cash Flows from Operating Activities
Net income	$	1,077.70	$	1,662.50	$	326.6	$	289.9
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	0.3		1.9		14.8		7.9
Provision for depreciation and amortization	409.8		397.7		328.4		271.2
Impairment charges			62.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	102.6		-190.8		-0.8		(1.3		)
Provision (credit) for deferred income taxes	-3		-117.8		120.8		(20.3		)
Changes in assets and liabilities:
Trade receivables	-33.2		-3.9
Insurance receivables					333.4		175.4
Inventories	-656.8		-995.9
Accounts payable and accrued expenses	-219.2		-123.3		-336.8		(200.0		)
Accrued income taxes payable/receivable	-82.1		77.5		5.8		9.3
Retirement benefits	179.3		130.5		7.3		7.5
Other	75.8		126.3		-42.7		3.8
Net cash provided by operating activities	851.2		1,027.00		756.8		543.4
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)					8,998.20		9,006.60
Proceeds from maturities and sales of marketable securities	700		600		91.9		11.3
Proceeds from sales of equipment on operating leases					552.3		570.9
Proceeds from sales of businesses, net of cash sold			307.2		148.8
Cost of receivables acquired (excluding trade and wholesale)					-7,977.10		(9,120.5		)
Purchases of marketable securities			-504		-33.9		(58.8		)
Purchases of property and equipment	-323.2		-425.2		-1.1		(1.0		)
Cost of equipment on operating leases acquired					-1,203.40		(986.0		)
Increase in trade and wholesale receivables					-1,084.70		(1,895.1		)
Other	-51.1		-89.2		-36		(39.1		)
Net cash provided by (used for) investing activities	325.7		-111.2		-545		(2,511.7		)
Cash Flows from Financing Activities
Increase in total short-term borrowings	84.6		641.6		1,062.40		315.1
Change in intercompany receivables/payables	960.7		-612		-960.7		612
Proceeds from long-term borrowings	7		6.6		2,505.20		4,247.20
Payments of long-term borrowings	-39.8		-737.3		-2,413.50		(2,398.1		)
Proceeds from issuance of common stock	86.1		108.7
Repurchases of common stock	-1,173.90		-1,093.40
Dividends paid	-415.8		-382.3		-419.6		(90.0		)
Excess tax benefits from share-based compensation	11.7		24.2
Other	-24.1		-11		13.2		21.1
Net cash provided by (used for) financing activities	-503.5		-2,054.90		-213		2,707.30
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-79.7		-9.3		-24.1		(16.2		)
Net Increase (Decrease) in Cash and Cash Equivalents	593.7		-1,148.40		-25.3		722.8
Cash and Cash Equivalents at Beginning of Period	2,569.20		3,023.30		1,217.80		480.8
Cash and Cash Equivalents at End of Period	$	3,162.90	$	1,874.90	$	1,192.50	$	1,203.60
* Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Policies)	6 Months Ended
	Apr. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
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.
Financing Receivables - Non-Performing, Policy	Past due balances of financing 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.  Non-performing financing receivables represent loans for which the Company has ceased accruing finance income.  These receivables are generally 120 days delinquent and the estimated uncollectible amount, after charging the dealer’s withholding account, if any, has been 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.
	Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.
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.
Inventory Valuation, Policy	Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method.
Product Warranties	The Company generally determines its total warranty liability by applying historical claims rate experience to the estimated amount of equipment that has been sold and is still under warranty based on dealer inventories and retail sales.
Extended Product Warranty, Policy	The premiums for extended warranties are primarily recognized in income in proportion to the costs expected to be incurred over the contract period.
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.  In determining 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.
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’s financial services operations manage the relationship of the types and amounts of their funding sources to their 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 buying, selling and financing in currencies other than the functional currencies.
	All derivatives are recorded at fair value on the balance sheet. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated. All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness. If and when a derivative is determined not to be highly effective as a hedge, or the underlying hedged transaction is no longer likely to occur, or the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued. Any past or future changes in the derivative’s fair value, which will not be effective as an offset to the income effects of the item being hedged, are recognized currently in the income statement.

OTHER_COMPREHENSIVE_INCOME_ITE1

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	6 Months Ended
	Apr. 30, 2015
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) in millions of dollars follow:
		Retirement			Cumulative			Unrealized			Unrealized		Total
		Benefits			Translation			Gain (Loss)			Gain (Loss)		Accumulated
		Adjustment			Adjustment			on			on		Other
								Derivatives			Investments		Comprehensive
													Income (Loss)
	Balance October 31, 2014	$	-3,493		$	-303					$	13	$	-3,783
	Other comprehensive income (loss) items before reclassification	-20			-577			$	-2		5		-594
	Amounts reclassified from accumulated other comprehensive income	83						2			-2		83
	Net current period other comprehensive income (loss)	63			-577						3		-511
	Balance April 30, 2015	$	-3,430		$	-880					$	16	$	-4,294
	Balance October 31, 2013	$	-2,809		$	113		$	-3		$	6	$	-2,693
	Other comprehensive income (loss) items before reclassification	12			-62			-7			1		-56
	Amounts reclassified from accumulated other comprehensive income	76						9					85
	Net current period other comprehensive income (loss)	88			-62			2			1		29
	Balance April 30, 2014	$	-2,721		$	51		$	-1		$	7	$	-2,664
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:
	Three Months April 30, 2015	Before				Tax				After
		Tax				(Expense)				Tax
		Amount				Credit				Amount
	Cumulative translation adjustment:	$	(67	)						$	(67	)
	Unrealized gain (loss) on derivatives:
	Reclassification of realized (gain) loss to:
	Interest rate contracts – Interest expense	3				$	(2	)		1
	Foreign exchange contracts – Other operating expense	(1		)		1
	Net unrealized gain (loss) on derivatives	2				(1		)		1
	Unrealized gain (loss) on investments:
	Unrealized holding gain (loss)	(5		)		2				(3		)
	Reclassification of realized (gain) loss – Other income	(2		)		1				(1		)
	Net unrealized gain (loss) on investments	(7		)		3				(4		)
	Retirement benefits adjustment:
	Pensions
	Net actuarial gain (loss)	(17		)		6				(11		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	55				(20		)		35
	Prior service (credit) cost	6				(3		)		3
	Health care and life insurance
	Net actuarial gain (loss)	(12		)		3				(9		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	23				(8		)		15
	Prior service (credit) cost	(19		)		7				(12		)
	Net unrealized gain (loss) on retirement benefits adjustments	36				(15		)		21
	Total other comprehensive income (loss)	$	(36	)		$	(13	)		$	(49	)
	*                          These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
	Six Months Ended April 30, 2015	Before				Tax				After
		Tax				(Expense)				Tax
		Amount				Credit				Amount
	Cumulative translation adjustment:	$	(575	)		$	(2	)		$	(577	)
	Unrealized gain (loss) on derivatives:
	Unrealized hedging gain (loss)	(4		)		2				(2		)
	Reclassification of realized (gain) loss to:
	Interest rate contracts – Interest expense	6				(2		)		4
	Foreign exchange contracts – Other operating expense	(2		)						(2		)
	Net unrealized gain (loss) on derivatives
	Unrealized gain (loss) on investments:
	Unrealized holding gain (loss)	8				(3		)		5
	Reclassification of realized (gain) loss – Other income	(4		)		2				(2		)
	Net unrealized gain (loss) on investments	4				(1		)		3
	Retirement benefits adjustment:
	Pensions
	Net actuarial gain (loss)	(17		)		6				(11		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	110				(40		)		70
	Prior service (credit) cost	12				(5		)		7
	Settlements/curtailments	1								1
	Health care and life insurance
	Net actuarial gain (loss)	(12		)		3				(9		)
	Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
	Actuarial (gain) loss	46				(17		)		29
	Prior service (credit) cost	(38		)		14				(24		)
	Net unrealized gain (loss) on retirement benefits adjustments	102				(39		)		63
	Total other comprehensive income (loss)	$	(469	)		$	(42	)		$	(511	)
	*                          These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
	Three Months April 30, 2014	Before				Tax				After
		Tax				(Expense)				Tax
		Amount				Credit				Amount
	Cumulative translation adjustment:	$	107							$	107
	Unrealized gain (loss) on derivatives:
	Unrealized hedging gain (loss)	(5		)		$	1			(4		)
	Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense	3				(1		)		2
Foreign exchange contracts – Other operating expense	1								1
Net unrealized gain (loss) on derivatives	(1		)						(1		)
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)	4				(2		)		2
Net unrealized gain (loss) on investments	4				(2		)		2
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)	(39		)		15				(24		)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	43				(16		)		27
Prior service (credit) cost	6				(3		)		3
Settlements/curtailments	4				(1		)		3
Health care and life insurance
Net actuarial gain (loss)	39				(15		)		24
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	8				(3		)		5
Prior service (credit) cost	(1		)		1
Net unrealized gain (loss) on retirement benefits adjustments	60				(22		)		38
Total other comprehensive income (loss)	$	170			$	(24	)		$	146
*                                         These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
In the second quarter of 2015 and 2014, the noncontrolling interests’ comprehensive income was $.3 million and $.5 million, respectively, which consisted of net income of $.3 million in 2015 and $.5 million in 2014.
Six Months Ended April 30, 2014	Before				Tax				After
	Tax				(Expense)				Tax
	Amount				Credit				Amount
Cumulative translation adjustment:	$	(63	)		$	1			$	(62	)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain (loss)	(10		)		3				(7		)
Reclassification of realized (gain) loss to:
Interest rate contracts – Interest expense	8				(3		)		5
Foreign exchange contracts – Other operating expense	6				(2		)		4
Net unrealized gain (loss) on derivatives	4				(2		)		2
Unrealized gain (loss) on investments:
Unrealized holding gain (loss)	1								1
Net unrealized gain (loss) on investments	1								1
Retirement benefits adjustment:
Pensions
Net actuarial gain (loss)	(20		)		8				(12		)
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	86				(31		)		55
Prior service (credit) cost	12				(5		)		7
Settlements/curtailments	6				(2		)		4
Health care and life insurance
Net actuarial gain (loss)	39				(15		)		24
Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to net income: *
Actuarial (gain) loss	17				(6		)		11
Prior service (credit) cost	(2		)		1				(1		)
Net unrealized gain (loss) on retirement benefits adjustments	138				(50		)		88
Total other comprehensive income (loss)	$	80			$	(51	)		$	29
*                                         These accumulated other comprehensive income amounts are included in net periodic postretirement costs.  See Note 7 for additional detail.
In the first six months of 2015, the noncontrolling interests’ comprehensive income was $.2 million, which consisted of net income of $.5 million and cumulative translation adjustments of $(.3) million.  In the first six months of 2014, the noncontrolling interests’ comprehensive income was $.7 million, which consisted of net income of $.7 million.

DIVIDENDS_DECLARED_AND_PAID_Ta

DIVIDENDS DECLARED AND PAID (Tables)	6 Months Ended
	Apr. 30, 2015
DIVIDENDS DECLARED AND PAID
Dividends Declared and Paid	Dividends declared and paid on a per share basis were as follows:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Dividends declared	$	0.6	$	.51	$	1.2	$	1.02
	Dividends paid	$	0.6	$	.51	$	1.2	$	1.02

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	6 Months Ended
	Apr. 30, 2015
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Net Income Per Share	A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Net income attributable to Deere & Company	$	690.5	$	980.7	$	1,077.20	$	1,661.80
	Less income allocable to participating securities	0.3		0.4		0.4		0.6
	Income allocable to common stock	$	690.2	$	980.3	$	1,076.80	$	1,661.20
	Average shares outstanding	337.1		366.6		340.2		369.2
	Basic per share	$	2.05	$	2.67	$	3.17	$	4.5
	Average shares outstanding	337.1		366.6		340.2		369.2
	Effect of dilutive share-based compensation	2.6		3.2		2.6		3.4
	Total potential shares outstanding	339.7		369.8		342.8		372.6
	Diluted per share	$	2.03	$	2.65	$	3.14	$	4.46

PENSION_AND_OTHER_POSTRETIREME1

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Apr. 30, 2015
PENSION AND OTHER POSTRETIREMENT BENEFITS
Components of Pension and Postretirement Benefit Costs	The worldwide components of net periodic pension cost consisted of the following in millions of dollars:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Service cost	$	69	$	62	$	142	$	123
	Interest cost	119		120		238		239
	Expected return on plan assets	-192		-193		-385		-386
	Amortization of actuarial loss	55		43		110		86
	Amortization of prior service cost	6		6		12		12
	Settlements/curtailments			4		1		6
	Net cost	$	57	$	42	$	118	$	80
	The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Service cost	$	12	$	11	$	23	$	22
	Interest cost	64		65		129		131
	Expected return on plan assets	-14		-17		-28		-35
	Amortization of actuarial loss	23		8		46		17
	Amortization of prior service credit	-19		-1		-38		-2
	Net cost	$	66	$	66	$	132	$	133

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	6 Months Ended
	Apr. 30, 2015
SEGMENT REPORTING
Schedule of Segment Reporting Information	Worldwide net sales and revenues, operating profit and identifiable assets by segment in millions of dollars follow:
		Three Months Ended April 30					Six Months Ended April 30
		2015		2014		%	2015		2014		%
						Change					Change
	Net sales and revenues:
	Agriculture and turf	$	5,766	$	7,646	-25	$	9,847	$	13,242	-26
	Construction and forestry	1,633		1,600		2	3,157		2,953		7
	Total net sales	7,399		9,246		-20	13,004		16,195		-20
	Financial services	653		572		14	1,301		1,159		12
	Other revenues	119		130		-8	249		248
	Total net sales and revenues	$	8,171	$	9,948	-18	$	14,554	$	17,602	-17
	Operating profit: *
	Agriculture and turf	$	639	$	1,229	-48	$	907	$	2,026	-55
	Construction and forestry	189		132		43	335		226		48
	Financial services	265		229		16	498		411		21
	Total operating profit	1,093		1,590		-31	1,740		2,663		-35
	Reconciling items **	-79		-130		-39	-168		-241		-30
	Income taxes	-324		-479		-32	-495		-760		-35
	Net income attributable to Deere & Company	$	690	$	981	-30	$	1,077	$	1,662	-35
	Intersegment sales and revenues:
	Agriculture and turf net sales	$	12	$	23	-48	$	25	$	42	-40
	Construction and forestry net sales								1
	Financial services	56		59		-5	106		105		1
	Equipment operations outside the U.S. and Canada:
	Net sales	$	2,628	$	3,672	-28	$	4,502	$	6,280	-28
	Operating profit	231		341		-32	308		552		-44
		April 30		October 31
		2015		2014
	Identifiable assets:
	Agriculture and turf	$	9,252	$	9,442	-2
	Construction and forestry	3,565		3,405		5
	Financial services	41,398		42,784		-3
	Corporate	5,379		5,705		-6
	Total assets	$	59,594	$	61,336	-3
	*                 Operating profit is income from continuing operations before corporate expenses, certain external interest expense, certain foreign exchange gains and losses and income taxes.  Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses.
	**          Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses and net income attributable to noncontrolling interests.

FINANCING_RECEIVABLES_Tables

FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 30, 2015
Financing Receivables
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables	An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows:
			April 30, 2015
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	108	$	55	$	49	$	212
	Construction and forestry		57		24		12		93
	Other:
	Agriculture and turf		32		13		20		65
	Construction and forestry		14		6		2		22
	Total		$	211	$	98	$	83	$	392
			Total		Total		Current		Total
			Past Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	212	$	96	$	18,543	$	18,851
	Construction and forestry		93		18		2,511		2,622
	Other:
	Agriculture and turf		65		16		7,051		7,132
	Construction and forestry		22		7		1,016		1,045
	Total		$	392	$	137	$	29,121	29,650
	Less allowance for credit losses								163
	Total financing receivables - net								$	29,487
			October 31, 2014
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	93	$	34	$	28	$	155
	Construction and forestry		54		16		7		77
	Other:
	Agriculture and turf		23		12		2		37
	Construction and forestry		12		3		4		19
	Total		$	182	$	65	$	41	$	288
			Total Past		Total		Current		Total
			Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	155	$	107	$	19,966	$	20,228
	Construction and forestry		77		17		2,462		2,556
	Other:
	Agriculture and turf		37		15		8,208		8,260
	Construction and forestry		19		2		1,134		1,155
	Total		$	288	$	141	$	31,770	32,199
	Less allowance for credit losses								175
	Total financing receivables - net								$	32,024
			April 30, 2014
			30-59 Days		60-89 Days		90 Days		Total
			Past Due		Past Due		or Greater		Past Due
							Past Due
	Retail Notes:
	Agriculture and turf		$	89	$	31	$	28	$	148
	Construction and forestry		57		19		12		88
	Other:
	Agriculture and turf		24		13		17		54
	Construction and forestry		15		5		3		23
	Total		$	185	$	68	$	60	$	313
			Total		Total		Current		Total
			Past Due		Non-				Financing
					Performing				Receivables
	Retail Notes:
	Agriculture and turf		$	148	$	102	$	19,027	$	19,277
	Construction and forestry		88		14		2,113		2,215
Other:
Agriculture and turf		54		17		7,335		7,406
Construction and forestry		23		4		1,088		1,115
Total		$	313	$	137	$	29,563	30,013
Less allowance for credit losses								171
Total financing receivables - net								$	29,842
Analysis of the Allowance for Credit Losses and Investment in Financing Receivables	An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows:
			Three Months Ended April 30, 2015
			Retail		Revolving		Other		Total
			Notes		Charge
					Accounts
	Allowance:
	Beginning of period balance		$	104	$	41	$	23	$	168
	Provision		5		8		1		14
	Write-offs		-6		-11		-2		-19
	Recoveries		2		3		1		6
	Translation adjustments		-6						-6
	End of period balance *		$	99	$	41	$	23	$	163
			Six Months Ended April 30, 2015
	Allowance:
	Beginning of period balance		$	109	$	41	$	25	$	175
	Provision		5		8		2		15
	Write-offs		-9		-15		-2		-26
	Recoveries		4		7				11
	Translation adjustments		-10				-2		-12
	End of period balance *		$	99	$	41	$	23	$	163
	Financing receivables:
	End of period balance		$	21,473	$	2,345	$	5,832	$	29,650
	Balance individually evaluated **		$	19					$	19
			Three Months Ended April 30, 2014
			Retail		Revolving		Other		Total
			Notes		Charge
					Accounts
	Allowance:
	Beginning of period balance		$	97	$	40	$	30	$	167
	Provision (credit)		7		2		-4		5
	Write-offs		-5		-6				-11
	Recoveries		2		4				6
	Translation adjustments		4						4
	End of period balance *		$	105	$	40	$	26	$	171
			Six Months Ended April 30, 2014
	Allowance:
	Beginning of period balance		$	101	$	41	$	31	$	173
	Provision (credit)		8		3		-4		7
	Write-offs		-8		-11				-19
	Recoveries		4		7				11
	Translation adjustments						-1		-1
	End of period balance *		$	105	$	40	$	26	$	171
	Financing receivables:
	End of period balance		$	21,492	$	2,215	$	6,306	$	30,013
	Balance individually evaluated **		$	21	$	3	$	11	$	35
	*                      Individual allowances were not significant.
	**               Remainder is collectively evaluated.
Analysis of the Impaired Financing Receivables	An analysis of the impaired financing receivables in millions of dollars follows:
			Recorded		Unpaid		Specific		Average
			Investment		Principal		Allowance		Recorded
					Balance				Investment
	April 30, 2015 *
	Receivables with specific allowance **		$	3	$	3	$	2	$	6
	Receivables without a specific allowance **		12		11				12
	Total		$	15	$	14	$	2	$	18
	Agriculture and turf		$	9	$	8	$	2	$	12
	Construction and forestry		$	6	$	6			$	6
	October 31, 2014 *
	Receivables with specific allowance **		$	9	$	9	$	2	$	10
	Receivables without a specific allowance **		6		6				7
	Total		$	15	$	15	$	2	$	17
	Agriculture and turf		$	12	$	12	$	2	$	13
	Construction and forestry		$	3	$	3			$	4
	April 30, 2014*
	Receivables with specific allowance ***		$	10	$	10	$	2	$	11
	Receivables without a specific allowance **		6		6				7
	Total		$	16	$	16	$	2	$	18
	Agriculture and turf		$	14	$	14	$	2	$	16
	Construction and forestry		$	2	$	2			$	2
	*	Finance income recognized was not material.
	**	Primarily retail notes.
	***	Primarily operating loans.

SECURITIZATION_OF_FINANCING_RE1

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 30, 2015
SECURITIZATION OF FINANCING RECEIVABLES
Unconsolidated Conduits, Carrying Amount of Liabilities Compared to Maximum Exposure to Loss	The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets, was as follows in millions of dollars:
		April 30, 2015
	Carrying value of liabilities	$	1,480
	Maximum exposure to loss		1,545
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 follow in millions of dollars:
		30-Apr			October 31			April 30
		2015			2014			2014
	Financing receivables securitized (retail notes)	$	4,755		$	4,616		$	4,355
	Allowance for credit losses	(14		)	(14		)	(10		)
	Other assets	115			108			115
	Total restricted securitized assets	$	4,856		$	4,710		$	4,460
	The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars:
		30-Apr			October 31			April 30
		2015			2014			2014
	Short-term securitization borrowings	$	4,703		$	4,559		$	4,330
	Accrued interest on borrowings	2			1			1
	Total liabilities related to restricted securitized assets	$	4,705		$	4,560		$	4,331

INVENTORIES_Tables

INVENTORIES (Tables)	6 Months Ended
	Apr. 30, 2015
INVENTORIES
Major Classification of Inventories	Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method.  If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows:
		April 30		October 31		April 30
		2015		2014		2014
	Raw materials and supplies	$	1,675	$	1,724	$	2,024
	Work-in-process	630		654		956
	Finished goods and parts	3,831		3,360		4,389
	Total FIFO value	6,136		5,738		7,369
	Less adjustment to LIFO value	1,512		1,528		1,519
	Inventories	$	4,624	$	4,210	$	5,850

GOODWILL_AND_OTHER_INTANGIBLE_1

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	6 Months Ended
	Apr. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
Changes in Goodwill by Operating Segment	The changes in amounts of goodwill by operating segments were as follows in millions of dollars:
			Agriculture and			Construction			Total
			Turf			and Forestry
	Balance October 31, 2013:
	Goodwill		$	302		$	603		$	905
	Less accumulated impairment losses		60						60
	Goodwill-net		242			603			845
	Reclassification to assets held for sale		-60						-60
	Translation adjustments		1			-6			-5
	Balance April 30, 2014:
	Goodwill		243			597			840
	Less accumulated impairment losses *
	Goodwill-net		$	243		$	597		$	840
	Balance October 31, 2014:
	Goodwill		$	235		$	556		$	791
	Less accumulated impairment losses *
	Goodwill - net		235			556			791
	Translation adjustments		-13			-41			-54
	Balance April 30, 2015:
	Goodwill-net		$	222		$	515		$	737
	*	Accumulated impairment losses were reduced by $60 million related to the divestiture of the Water operations, which occurred in May 2014 (see Note 18).
Components of Other Intangible Assets	The components of other intangible assets were as follows in millions of dollars:
			Useful Lives *		April 30			October 31			April 30
			(Years)		2015			2014			2014
	Amortized intangible assets:
	Customer lists and relationships		15		$	19		$	20		$	20
	Technology, patents, trademarks		18		90			90			87
	and other
	Total at cost				109			110			107
	Less accumulated amortization **				49			45			40
	Total				60			65			67
	Unamortized intangible assets:
	Licenses ***							4			4
	Other intangible assets-net				$	60		$	69		$	71
	*	Weighted-averages
	**	Accumulated amortization at April 30, 2015, October 31, 2014 and April 30, 2014 for customer lists and relationships totaled $10 million, $9 million and $8 million, respectively, and technology, patents, trademarks and other totaled $39 million, $36 million and $32 million, respectively.
	***	Licenses were reduced by $4 million related to the divestiture of the Crop Insurance operations, which occurred in March 2015 (see Note 19).

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES
Reconciliation of the Changes in Warranty Liability and Unearned Premiums	A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows:
		Three Months Ended				Six Months Ended
		April 30				April 30
		2015		2014		2015		2014
	Beginning of period balance	$	1,217	$	1,172	$	1,234	$	1,164
	Payments	-165		-177		-343		-366
	Amortization of premiums received	-41		-32		-82		-59
	Accruals for warranties	189		182		370		366
	Premiums received	47		49		92		95
	Foreign exchange	-5		2		-29		-4
	End of period balance	$	1,242	$	1,196	$	1,242	$	1,196

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2015
FAIR VALUE MEASUREMENTS
Fair Value of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values in millions of dollars follow:
		April 30, 2015						October 31, 2014						April 30, 2014
		Carrying			Fair			Carrying			Fair			Carrying		Fair
		Value			Value *			Value			Value *			Value		Value *
	Financing receivables - net	$	24,746		$	24,632		$	27,422		$	27,337		$	25,496	$	25,383
	Financing receivables securitized - net	4,741			4,716			4,602			4,573			4,345		4,308
	Short-term securitization borrowings	4,703			4,707			4,559			4,562			4,330		4,333
	Long-term borrowings due within one year:
	Equipment operations	$	280		$	264		$	243		$	233		$	130	$	128
	Financial services	4,884			4,871			4,730			4,743			4,391		4,405
	Total	$	5,164		$	5,135		$	4,973		$	4,976		$	4,521	$	4,533
	Long-term borrowings:
	Equipment operations	$	4,489		$	4,994		$	4,643		$	5,095		$	4,817	$	5,181
	Financial services	19,134			19,265			19,738			19,886			18,350		18,548
	Total	$	23,623		$	24,259		$	24,381		$	24,981		$	23,167	$	23,729
	*            Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings.
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis in millions of dollars follow:
		April 30			October 31			April 30
		2015*			2014*			2014*
	Marketable securities
	Equity fund	$	47		$	45		$	30
	Fixed income fund				10			10
	U.S. government debt securities	75			808			1,213
	Municipal debt securities	28			34			35
	Corporate debt securities	128			172			155
	Mortgage-backed securities **	115			146			129
	Total marketable securities	393			1,215			1,572
	Other assets
	Derivatives:
	Interest rate contracts	340			319			296
	Foreign exchange contracts	38			18			20
	Cross-currency interest rate contracts	26			16			16
	Total assets ***	$	797		$	1,568		$	1,904
	Accounts payable and accrued expenses
	Derivatives:
	Interest rate contracts	$	72		$	81		$	136
	Foreign exchange contracts	81			29			33
	Total liabilities	$	153		$	110		$	169
	*                               All measurements above were Level 2 measurements except for Level 1 measurements of the equity fund of $47 million, $45 million and $30 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively, the fixed income fund of $10 million at October 31, 2014 and April 30, 2014 and U.S. government debt securities of $28 million, $741 million and $1,144 million at April 30, 2015, October 31, 2014 and April 30, 2014, respectively.  There were no transfers between Level 1 and Level 2 during the first six months of 2015 or 2014.
	**                        Primarily issued by U.S. government sponsored enterprises.
	***                 Excluded from this table are the Company’s cash equivalents, which were carried at cost that approximates fair value.  The cash equivalents consist primarily of money market funds that were Level 1 measurements.
Contractual Maturities of Debt Securities	The contractual maturities of debt securities at April 30, 2015 in millions of dollars are shown below.  Actual maturities may differ from those scheduled as a result of prepayments by the issuers.  Because of the potential for prepayment on mortgage-backed securities, they are not categorized by contractual maturity.
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	9		$	10
	Due after one through five years	73			76
	Due after five through 10 years	101			105
	Due after 10 years	37			40
	Mortgage-backed securities	113			115
	Debt securities	$	333		$	346
Fair Value, Nonrecurring, Level 3 Measurements	Fair value, nonrecurring, Level 3 measurements from impairments in millions of dollars follow:
		Fair Value *								Losses
										Three Months Ended					Six Months Ended
		April 30		October 31			April 30			April 30					April 30
		2015		2014			2014			2015		2014			2015	2014
	Property and equipment – net			$	53											$	26
	Assets held for sale – Water operations **						$	91				$	36			$	36
	Other assets			$	15
	*       See financing receivables with specific allowances in Note 10.  Losses were not significant.
	**     Does not include costs to sell (see Note 18).

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Apr. 30, 2015
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 follow in millions of dollars:
		Three Months Ended						Six Months Ended
		April 30						April 30
		2015			2014			2015			2014
	Interest rate contracts *	$	(121)		$	(12)		$	55		$	(81)
	Borrowings **	119			13			(54)			80
	*                               Includes changes in fair values of interest rate contracts excluding net accrued interest income of $44 million and $41 million during the second quarter of 2015 and 2014, respectively, and $89 million and $77 million during the first six months of 2015 and 2014, respectively.
	**                        Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $69 million and $66 million during the second quarter of 2015 and 2014, respectively, and $139 million and $125 million during the first six months of 2015 and 2014, respectively.
Fair Value of Derivative Instruments in Consolidated Balance Sheet	Fair values of derivative instruments in the condensed consolidated balance sheet in millions of dollars follow:
	Other Assets	April 30			October 31			April 30
		2015			2014			2014
	Designated as hedging instruments:
	Interest rate contracts	$	282		$	266		$	247
	Cross-currency interest rate contracts	14			13			14
	Total designated	296			279			261
	Not designated as hedging instruments:
	Interest rate contracts	58			53			49
	Foreign exchange contracts	38			18			20
	Cross-currency interest rate contracts	12			3			2
	Total not designated	108			74			71
	Total derivatives	$	404		$	353		$	332
	Accounts Payable and Accrued Expenses
	Designated as hedging instruments:
	Interest rate contracts	$	14		$	35		$	92
	Total designated	14			35			92
	Not designated as hedging instruments:
	Interest rate contracts	58			46			44
	Foreign exchange contracts	81			29			33
	Total not designated	139			75			77
	Total derivatives	$	153		$	110		$	169
Gains (Losses) Related to Derivative Instruments on Statement of Consolidated Income	The classification and gains (losses) including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following in millions of dollars:
		Expense or		Three Months Ended						Six Months Ended
		OCI		April 30						April 30
		Classification		2015			2014			2015			2014
	Fair Value Hedges:
	Interest rate contracts	Interest		$	-77		$	29		$	144		$	-4
	Cash Flow Hedges:
	Recognized in OCI (Effective Portion):
	Interest rate contracts	OCI (pretax) *		-1			-2			-6			-5
	Foreign exchange contracts	OCI (pretax) *		1			-3			2			-5
	Reclassified from OCI (Effective Portion):
	Interest rate contracts	Interest *		-3			-3			-6			-8
	Foreign exchange contracts	Other operating *		1			-1			2			-6
	Recognized Directly in Income (Ineffective Portion)			**			**			**			**
	Not Designated as Hedges:
	Interest rate contracts	Interest *		$	1		$	2		$	-12		$	4
	Foreign exchange contracts	Cost of sales		-19			-26			26			30
	Foreign exchange contracts	Other operating *		-34			-76			200			11
	Total not designated			$	-52		$	-100		$	214		$	45
	*                                         Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.
	**                                  The amount is not significant.
Impact on Derivative Assets and Liabilities Related to Netting Arrangements and Collateral	Derivatives are recorded without offsetting for netting arrangements or collateral.  The impact on the derivative assets and liabilities related to netting arrangements and any collateral received or paid follows:
	April 30, 2015	Gross Amounts			Netting			Collateral			Net Amount
		Recognized			Arrangements			Received
	Derivatives:
	Assets	$	404		$	-76		$	-1		$	327
	Liabilities	153			-76						77
	October 31, 2014	Gross Amounts			Netting			Collateral			Net Amount
		Recognized			Arrangements			Received
	Derivatives:
	Assets	$	353		$	-76		$	-5		$	272
	Liabilities	110			-76						34
	April 30, 2014	Gross Amounts			Netting			Collateral			Net Amount
		Recognized			Arrangements			Received
	Derivatives:
	Assets	$	332		$	-95		$	-5		$	232
	Liabilities	169			-95						74

DISPOSITION_WATER_OPERATIONS_T

DISPOSITION - WATER OPERATIONS (Tables) (Water Operations)	6 Months Ended
	Apr. 30, 2015
Water Operations
Dispositions
Amounts of the Major Classes of Assets and Liabilities	The carrying amounts of the major classes of assets and liabilities of the Water operations that were classified as held for sale on the consolidated balance sheet in millions of dollars follow:
		April 30
		2014
	Trade accounts and notes receivable - net	$	57
	Other receivables	10
	Inventories	49
	Other assets	5
	Asset impairment	-36
	Total assets held for sale	$	85
	Accounts payable and accrued expenses	$	47
	Retirement benefits and other liabilities	3
	Total liabilities held for sale	$	50

DISPOSITION_CROP_INSURANCE_OPE1

DISPOSITION - CROP INSURANCE OPERATIONS (Tables) (Crop Insurance Operations)	6 Months Ended
	Apr. 30, 2015
Crop Insurance Operations
Dispositions
Amounts of the Major Classes of Assets and Liabilities	At January 31, 2015, total assets of $381 million and liabilities of $267 million were classified as held for sale in the consolidated financial statements, which consisted of the following:
		January 31
		2015
	Cash and cash equivalents	$	13
	Marketable securities	79
	Other receivables	265
	Other intangible assets - net	4
	Other assets	20
	Total assets held for sale	$	381
	Account payable and accrued expenses, and	$	267
	Total liabilities held for sale

SUPPLEMENTAL_CONSOLIDATING_DAT1

SUPPLEMENTAL CONSOLIDATING DATA (Tables)	6 Months Ended
	Apr. 30, 2015
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME	SUPPLEMENTAL CONSOLIDATING DATA
	STATEMENT OF INCOME
	For the Three Months Ended April 30, 2015 and 2014
	(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
		2015		2014		2015		2014
	Net Sales and Revenues
	Net sales	$	7,398.50	$	9,246.20
	Finance and interest income	17.5		18.6		$	623.6	$	591.8
	Other income	150.3		149.9		85.3		38.5
	Total	7,566.30		9,414.70		708.9		630.3
	Costs and Expenses
	Cost of sales	5,694.70		6,872.00
	Research and development expenses	341.1		354.1
	Selling, administrative and general expenses	620.4		719.2		121.8		129.5
	Interest expense	67.3		80.1		109.5		97.9
	Interest compensation to Financial Services	53.4		54.8
	Other operating expenses	37.2		99.3		212.8		174.3
	Total	6,814.10		8,179.50		444.1		401.7
	Income of Consolidated Group before Income Taxes	752.2		1,235.20		264.8		228.6
	Provision for income taxes	228.6		397.6		95.4		81.4
	Income of Consolidated Group	523.6		837.6		169.4		147.2
	Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
	Financial Services	169.8		147.7		0.4		0.5
	Other	-2.6		-4.1
	Total	167.2		143.6		0.4		0.5
	Net Income	690.8		981.2		169.8		147.7
	Less:   Net income attributable to noncontrolling interests	0.3		0.5
	Net Income Attributable to Deere & Company	$	690.5	$	980.7	$	169.8	$	147.7
	*         Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
	SUPPLEMENTAL CONSOLIDATING DATA (Continued)
	STATEMENT OF INCOME
	For the Six Months Ended April 30, 2015 and 2014
	(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
		2015		2014		2015		2014
	Net Sales and Revenues
	Net sales	$	13,003.60	$	16,194.80
	Finance and interest income	38		35.8		$	1,256.60	$	1,161.00
	Other income	310.4		300.3		150.2		102.9
	Total	13,352.00		16,530.90		1,406.80		1,263.90
	Costs and Expenses
	Cost of sales	10,115.80		12,067.90
	Research and development expenses	674.3		677.8
	Selling, administrative and general expenses	1,160.60		1,362.30		243		255.4
	Interest expense	138.4		155.4		232.4		205.7
	Interest compensation to Financial Services	99.4		97.1
	Other operating expenses	76.2		151.9		434		392.6
	Total	12,264.70		14,512.40		909.4		853.7
	Income of Consolidated Group before Income Taxes	1,087.30		2,018.50		497.4		410.2
	Provision for income taxes	323		638		171.6		121.6
	Income of Consolidated Group	764.3		1,380.50		325.8		288.6
	Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
	Financial Services	326.6		289.9		0.8		1.3
	Other	-13.2		-7.9
	Total	313.4		282		0.8		1.3
	Net Income	1,077.70		1,662.50		326.6		289.9
	Less:   Net income attributable to noncontrolling interests	0.5		0.7
	Net Income Attributable to Deere & Company	$	1,077.20	$	1,661.80	$	326.6	$	289.9
	*         Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
SUPPLEMENTAL CONSOLIDATING DATA CONDENSED BALANCE SHEET
	SUPPLEMENTAL CONSOLIDATING DATA
	CONDENSED BALANCE SHEET	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	(In millions of dollars) Unaudited
		30-Apr		31-Oct		30-Apr		30-Apr			31-Oct		30-Apr
		2015		2014		2014		2015			2014		2014
	Assets
	Cash and cash equivalents	$	3,162.90	$	2,569.20	$	1,874.90	$	1,192.50		$	1,217.80	$	1,203.60
	Marketable securities			700.4		1,105.60		392.9			514.7		466.1
	Receivables from unconsolidated subsidiaries and affiliates	2,558.00		3,663.90		4,046.70
	Trade accounts and notes receivable - net	681.3		706		969.9		5,160.80			3,554.40		5,264.60
	Financing receivables - net	8.7		18.5		13.5		24,737.10			27,403.70		25,482.60
	Financing receivables securitized - net							4,741.10			4,602.30		4,345.40
	Other receivables	780.7		848		924.9		122.5			659		301.1
	Equipment on operating leases - net							4,195.20			4,015.50		3,203.80
	Inventories	4,624.20		4,209.70		5,849.60
	Property and equipment - net	5,191.70		5,522.50		5,316.80		53.4			55.3		56.3
	Investments in unconsolidated subsidiaries and affiliates	4,895.50		5,106.50		4,875.60		10.5			10.9		11.5
	Goodwill	737		791.2		839.6
	Other intangible assets - net	60.4		64.8		67.3					4		4
	Retirement benefits	314.3		263.5		546.9		29			32.9		35.5
	Deferred income taxes	2,991.20		2,981.90		2,683.40		62.9			64.9		68.8
	Other assets	889.9		850.6		667.7		700.2			648.2		583.6
	Assets held for sale					84.7
	Total Assets	$	26,895.80	$	28,296.70	$	29,867.10	$	41,398.10		$	42,783.60	$	41,026.90
	Liabilities and Stockholders’ Equity
	Short-term borrowings	$	549.6	$	434.1	$	1,020.50	$	8,439.40		$	7,585.10	$	7,742.50
	Short-term securitization borrowings							4,702.70			4,558.50		4,329.50
	Payables to unconsolidated subsidiaries and affiliates	130.1		101		134.5		2,511.60			3,633.70		4,008.40
	Accounts payable and accrued expenses	6,964.00		7,518.40		7,728.40		1,453.50			2,027.00		1,570.60
	Deferred income taxes	79.3		87.1		88		464.8			344.1		368.1
	Long-term borrowings	4,488.90		4,642.50		4,816.70		19,133.90			19,738.20		18,350.20
	Retirement benefits and other liabilities	6,507.90		6,448.10		5,361.60		85.5			82.8		79
	Liabilities held for sale					49.8
	Total liabilities	18,719.80		19,231.20		19,199.50		36,791.40			37,969.40		36,448.30
	Commitments and contingencies (Note 14)
	Common stock, $1 par value (issued shares at April 30, 2015 – 536,431,204)	3,745.20		3,675.40		3,621.60		2,051.30			2,023.10		1,999.40
	Common stock in treasury	-13,951.20		-12,834.20		-11,224.10
	Retained earnings	22,673.40		22,004.40		20,931.30		2,718.80			2,811.80		2,537.20
	Accumulated other comprehensive income (loss)	-4,293.60		-3,783.00		-2,663.50		-163.4			-20.7		42
	Total Deere & Company stockholders’ equity	8,173.80		9,062.60		10,665.30		4,606.70			4,814.20		4,578.60
	Noncontrolling interests	2.2		2.9		2.3
	Total stockholders’ equity	8,176.00		9,065.50		10,667.60		4,606.70			4,814.20		4,578.60
	Total Liabilities and Stockholders’ Equity	$	26,895.80	$	28,296.70	$	29,867.10	$	41,398.10		$	42,783.60	$	41,026.90
	* Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.
SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF CASH FLOWS	SUPPLEMENTAL CONSOLIDATING DATA
	STATEMENT OF CASH FLOWS
	For the Six Months Ended April 30, 2015 and 2014
	(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
		2015		2014		2015		2014
	Cash Flows from Operating Activities
	Net income	$	1,077.70	$	1,662.50	$	326.6	$	289.9
	Adjustments to reconcile net income to net cash provided by operating activities:
	Provision for credit losses	0.3		1.9		14.8		7.9
	Provision for depreciation and amortization	409.8		397.7		328.4		271.2
	Impairment charges			62.3
	Undistributed earnings of unconsolidated subsidiaries and affiliates	102.6		-190.8		-0.8		(1.3		)
	Provision (credit) for deferred income taxes	-3		-117.8		120.8		(20.3		)
	Changes in assets and liabilities:
	Trade receivables	-33.2		-3.9
	Insurance receivables					333.4		175.4
	Inventories	-656.8		-995.9
	Accounts payable and accrued expenses	-219.2		-123.3		-336.8		(200.0		)
	Accrued income taxes payable/receivable	-82.1		77.5		5.8		9.3
	Retirement benefits	179.3		130.5		7.3		7.5
	Other	75.8		126.3		-42.7		3.8
	Net cash provided by operating activities	851.2		1,027.00		756.8		543.4
	Cash Flows from Investing Activities
	Collections of receivables (excluding trade and wholesale)					8,998.20		9,006.60
	Proceeds from maturities and sales of marketable securities	700		600		91.9		11.3
	Proceeds from sales of equipment on operating leases					552.3		570.9
	Proceeds from sales of businesses, net of cash sold			307.2		148.8
	Cost of receivables acquired (excluding trade and wholesale)					-7,977.10		(9,120.5		)
	Purchases of marketable securities			-504		-33.9		(58.8		)
	Purchases of property and equipment	-323.2		-425.2		-1.1		(1.0		)
	Cost of equipment on operating leases acquired					-1,203.40		(986.0		)
	Increase in trade and wholesale receivables					-1,084.70		(1,895.1		)
	Other	-51.1		-89.2		-36		(39.1		)
	Net cash provided by (used for) investing activities	325.7		-111.2		-545		(2,511.7		)
	Cash Flows from Financing Activities
	Increase in total short-term borrowings	84.6		641.6		1,062.40		315.1
	Change in intercompany receivables/payables	960.7		-612		-960.7		612
	Proceeds from long-term borrowings	7		6.6		2,505.20		4,247.20
	Payments of long-term borrowings	-39.8		-737.3		-2,413.50		(2,398.1		)
	Proceeds from issuance of common stock	86.1		108.7
	Repurchases of common stock	-1,173.90		-1,093.40
	Dividends paid	-415.8		-382.3		-419.6		(90.0		)
	Excess tax benefits from share-based compensation	11.7		24.2
	Other	-24.1		-11		13.2		21.1
	Net cash provided by (used for) financing activities	-503.5		-2,054.90		-213		2,707.30
	Effect of Exchange Rate Changes on Cash and Cash Equivalents	-79.7		-9.3		-24.1		(16.2		)
	Net Increase (Decrease) in Cash and Cash Equivalents	593.7		-1,148.40		-25.3		722.8
	Cash and Cash Equivalents at Beginning of Period	2,569.20		3,023.30		1,217.80		480.8
	Cash and Cash Equivalents at End of Period	$	3,162.90	$	1,874.90	$	1,192.50	$	1,203.60
	* Deere & Company with Financial Services on the equity basis.
	The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
Transfer of inventory to equipment on operating leases	$276	$272
Accounts payable related to purchases of property and equipment	$39	$44

OTHER_COMPREHENSIVE_INCOME_ITE2

OTHER COMPREHENSIVE INCOME ITEMS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Accumulated other comprehensive income (loss)
Balance at the beginning of the period			($3,783)	($2,693)
Other comprehensive income (loss) items before reclassification			-594	-56
Amounts reclassified from accumulated other comprehensive income (loss)			83	85
Net current period other comprehensive income (loss)	-48.6	145.9	-510.9	29.6
Balance at the end of the period	-4,293.60	-2,663.50	-4,293.60	-2,663.50
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Balance at the beginning of the period			-3,493	-2,809
Other comprehensive income (loss) items before reclassification			-20	12
Amounts reclassified from accumulated other comprehensive income (loss)			83	76
Net current period other comprehensive income (loss)			63	88
Balance at the end of the period	-3,430	-2,721	-3,430	-2,721
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Balance at the beginning of the period			-303	113
Other comprehensive income (loss) items before reclassification			-577	-62
Net current period other comprehensive income (loss)			-577	-62
Balance at the end of the period	-880	51	-880	51
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Balance at the beginning of the period				-3
Other comprehensive income (loss) items before reclassification			-2	-7
Amounts reclassified from accumulated other comprehensive income (loss)			2	9
Net current period other comprehensive income (loss)				2
Balance at the end of the period		-1		-1
Unrealized Gain (Loss) on Investments
Accumulated other comprehensive income (loss)
Balance at the beginning of the period			13	6
Other comprehensive income (loss) items before reclassification			5	1
Amounts reclassified from accumulated other comprehensive income (loss)			-2
Net current period other comprehensive income (loss)			3	1
Balance at the end of the period	$16	$7	$16	$7

OTHER_COMPREHENSIVE_INCOME_ITE3

OTHER COMPREHENSIVE INCOME ITEMS (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Other Comprehensive Income (Loss), Before Tax
Cumulative translation adjustment, before tax	($67)	$107	($575)	($63)
Unrealized Gain (Loss) on Derivatives, Before Tax
Unrealized hedging gain (loss), before tax		-5	-4	-10
Net unrealized gain (loss) on derivatives, before tax	2	-1		4
Unrealized Gain (Loss) on Investments, Before Tax
Unrealized holding gain (loss), before tax	-5	4	8	1
Reclassification of realized (gain) loss - Other income, before tax	-2		-4
Net unrealized gain (loss) on investments, before tax	-7	4	4	1
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Net unrealized gain (loss) on retirement benefits adjustments, before tax	36	60	102	138
Total other comprehensive income (loss), before tax	-36	170	-469	80
Other Comprehensive Income (Loss), Tax (Expense) Credit
Cumulative translation adjustment, tax (expense) credit			-2	1
Unrealized Gain (Loss) on Derivatives, Tax (Expense) Credit
Unrealized hedging gain (loss), tax (expense) credit		1	2	3
Net unrealized gain (loss) on derivatives, tax (expense) credit	-1			-2
Unrealized Gain (Loss) on Investments, Tax (Expense) Credit
Unrealized holding gain (loss), tax (expense) credit	2	-2	-3
Reclassification of realized (gain) loss - Other income, tax (expense) credit	1		2
Net unrealized gain (loss) on investments, tax (expense) credit	3	-2	-1
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Net unrealized gain (loss) on retirement benefits adjustments, tax (expense) credit	-15	-22	-39	-50
Total other comprehensive income (loss), tax (expense) credit	-13	-24	-42	-51
Other Comprehensive Income (Loss), After Tax
Cumulative translation adjustment, after tax	-66.6	106.5	-577	-61.5
Unrealized Gain (Loss) on Derivatives, After Tax
Unrealized hedging gain (loss), after tax		-4	-2	-7
Net unrealized gain (loss) on derivatives, after tax	1.3	-0.6	-0.2	2.3
Unrealized Gain (Loss) on Investments, After Tax
Unrealized holding gain (loss), after tax	-3	2	5	1
Reclassification of realized (gain) loss - Other income, after tax	-1		-2
Net unrealized gain (loss) on investments, after tax	-4.2	2.4	3.1	1.1
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Net unrealized gain (loss) on retirement benefits adjustments, after tax	20.9	37.6	63.2	87.7
Other Comprehensive Income (Loss), Net of Income Taxes	-48.6	145.9	-510.9	29.6
Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests	0.3	0.5	0.2	0.7
Net income (loss) attributable to noncontrolling interests	0.3	0.5	0.5	0.7
Cumulative translation adjustments attributable to noncontrolling interests			-0.3
Pensions
Retirement Benefits Adjustment, Before Tax
Net actuarial gain (loss), before tax	-17	-39	-17	-20
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, before tax	55	43	110	86
Prior service (credit) cost, before tax	6	6	12	12
Settlements/curtailments, before tax		4	1	6
Retirement Benefits Adjustment, Tax (Expense) Credit
Net actuarial gain (loss), tax (expense) credit	6	15	6	8
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, tax (expense) credit	-20	-16	-40	-31
Prior service (credit) cost, tax (expense) credit	-3	-3	-5	-5
Settlements/curtailments, tax (expense) credit		-1		-2
Retirement Benefits Adjustment, After Tax
Net actuarial gain (loss), after tax	-11	-24	-11	-12
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, after tax	35	27	70	55
Prior service (credit) cost, after tax	3	3	7	7
Settlements/curtailments, after tax		3	1	4
Health Care and Life Insurance
Retirement Benefits Adjustment, Before Tax
Net actuarial gain (loss), before tax	-12	39	-12	39
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, before tax	23	8	46	17
Prior service (credit) cost, before tax	-19	-1	-38	-2
Retirement Benefits Adjustment, Tax (Expense) Credit
Net actuarial gain (loss), tax (expense) credit	3	-15	3	-15
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, tax (expense) credit	-8	-3	-17	-6
Prior service (credit) cost, tax (expense) credit	7	1	14	1
Retirement Benefits Adjustment, After Tax
Net actuarial gain (loss), after tax	-9	24	-9	24
Reclassification Through Amortization of Actuarial (Gain) Loss and Prior Service (Credit) Cost to Net Income
Actuarial (gain) loss, after tax	15	5	29	11
Prior service (credit) cost, after tax	-12		-24	-1
Interest Rate Contracts | Interest Expense
Unrealized Gain (Loss) on Derivatives, Before Tax
Reclassification of realized (gain) loss, before tax	3	3	6	8
Unrealized Gain (Loss) on Derivatives, Tax (Expense) Credit
Reclassification of realized (gain) loss, tax (expense) credit	-2	-1	-2	-3
Unrealized Gain (Loss) on Derivatives, After Tax
Reclassification of realized (gain) loss, after tax	1	2	4	5
Foreign Exchange Contracts | Other Operating Expense
Unrealized Gain (Loss) on Derivatives, Before Tax
Reclassification of realized (gain) loss, before tax	-1	1	-2	6
Unrealized Gain (Loss) on Derivatives, Tax (Expense) Credit
Reclassification of realized (gain) loss, tax (expense) credit	1			-2
Unrealized Gain (Loss) on Derivatives, After Tax
Reclassification of realized (gain) loss, after tax		$1	($2)	$4

DIVIDENDS_DECLARED_AND_PAID_De

DIVIDENDS DECLARED AND PAID (Details) (USD $)	3 Months Ended		6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
DIVIDENDS DECLARED AND PAID
Dividends declared (in dollars per share)	$0.60	$0.51	$1.20	$1.02
Dividends paid (in dollars per share)	$0.60	$0.51	$1.20	$1.02

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
EARNINGS PER SHARE
Net income attributable to Deere & Company	$690.50	$980.70	$1,077.20	$1,661.80
Less income allocable to participating securities (in dollars)	0.3	0.4	0.4	0.6
Income allocable to common stock (in dollars)	$690.20	$980.30	$1,076.80	$1,661.20
Average shares outstanding	337.1	366.6	340.2	369.2
Basic (in dollars per share)	$2.05	$2.67	$3.17	$4.50
Diluted Earnings Per Share
Average shares outstanding	337.1	366.6	340.2	369.2
Effect of dilutive share-based compensation (in shares)	2.6	3.2	2.6	3.4
Total potential shares outstanding	339.7	369.8	342.8	372.6
Diluted (in dollars per share)	$2.03	$2.65	$3.14	$4.46
Antidilutive incremental shares excluded from computation of earnings per share	3	2.4	3	2.4

PENSION_AND_OTHER_POSTRETIREME2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Pensions
Defined Benefit Plan Disclosure
Service cost	$69	$62	$142	$123
Interest cost	119	120	238	239
Expected return on plan assets	-192	-193	-385	-386
Amortization of actuarial (gain) loss	55	43	110	86
Amortization of prior service (credit) cost	6	6	12	12
Settlements/curtailments		4	1	6
Net cost	57	42	118	80
Defined benefit plan employer contributions			40
Defined benefit plan employer contributions expected for the remainder of the fiscal year			35
Health Care and Life Insurance
Defined Benefit Plan Disclosure
Service cost	12	11	23	22
Interest cost	64	65	129	131
Expected return on plan assets	-14	-17	-28	-35
Amortization of actuarial (gain) loss	23	8	46	17
Amortization of prior service (credit) cost	-19	-1	-38	-2
Net cost	66	66	132	133
Defined benefit plan employer contributions			17
Defined benefit plan employer contributions expected for the remainder of the fiscal year			$10

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Apr. 30, 2015	Oct. 31, 2014
In Millions, unless otherwise specified
UNRECOGNIZED TAX BENEFITS
Unrecognized tax benefits	$228	$213
Unrecognized tax benefits affecting effective tax rate if recognized	$72

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
Net Sales and Revenues
Total net sales	$7,398.50	$9,246.20	$13,003.60	$16,194.80
% Change - Net sales	-20.00%		-20.00%
Total net sales and revenues	8,170.70	9,947.90	14,553.80	17,602
% Change - Net sales and revenues	-18.00%		-17.00%
Operating Profit (Loss)
Total operating profit (loss)	1,093	1,590	1,740	2,663
% Change - Operating profit (loss)	-31.00%		-35.00%
Net income attributable to Deere & Company	690.5	980.7	1,077.20	1,661.80
% Change - Net income (loss) attributable to Deere & Company	-30.00%		-35.00%
Identifiable Assets
Total Assets	59,594	60,862.40	59,594	60,862.40	61,336.40
% Change - Identifiable assets			-3.00%
Operating Segments (Other)
Reconciling items	-79	-130	-168	-241
% Change - Reconciling items	-39.00%		-30.00%
Income taxes	-324	-479	-494.6	-759.6
% Change - Income taxes	-32.00%		-35.00%
Equipment Operations
Net Sales and Revenues
Total net sales	7,398.50	9,246.20	13,003.60	16,194.80
Total net sales and revenues	7,566.30	9,414.70	13,352	16,530.90
Operating Profit (Loss)
Net income attributable to Deere & Company	690.5	980.7	1,077.20	1,661.80
Identifiable Assets
Total Assets	26,895.80	29,867.10	26,895.80	29,867.10	28,296.70
Operating Segments (Other)
Income taxes	-228.6	-397.6	-323	-638
Equipment Operations | Outside U.S. and Canada:
Net Sales and Revenues
Total net sales	2,628	3,672	4,502	6,280
% Change - Net sales	-28.00%		-28.00%
Operating Profit (Loss)
Total operating profit (loss)	231	341	308	552
% Change - Operating profit (loss)	-32.00%		-44.00%
Corporate
Identifiable Assets
Total Assets	5,379		5,379		5,705
% Change - Identifiable assets			-6.00%
Agriculture and Turf
Net Sales and Revenues
Total net sales	5,766	7,646	9,847	13,242
% Change - Net sales	-25.00%		-26.00%
Operating Profit (Loss)
Total operating profit (loss)	639	1,229	907	2,026
% Change - Operating profit (loss)	-48.00%		-55.00%
Identifiable Assets
Total Assets	9,252		9,252		9,442
% Change - Identifiable assets			-2.00%
Agriculture and Turf | Intersegment Sales and Revenue
Net Sales and Revenues
Total net sales and revenues	12	23	25	42
% Change - Net sales and revenues	-48.00%		-40.00%
Construction and Forestry
Net Sales and Revenues
Total net sales	1,633	1,600	3,157	2,953
% Change - Net sales	2.00%		7.00%
Operating Profit (Loss)
Total operating profit (loss)	189	132	335	226
% Change - Operating profit (loss)	43.00%		48.00%
Identifiable Assets
Total Assets	3,565		3,565		3,405
% Change - Identifiable assets			5.00%
Construction and Forestry | Intersegment Sales and Revenue
Net Sales and Revenues
Total net sales and revenues				1
Financial Services
Net Sales and Revenues
Total net sales and revenues	653	572	1,301	1,159
% Change - Net sales and revenues	14.00%		12.00%
Operating Profit (Loss)
Total operating profit (loss)	265	229	498	411
% Change - Operating profit (loss)	16.00%		21.00%
Identifiable Assets
Total Assets	41,398		41,398		42,784
% Change - Identifiable assets			-3.00%
Financial Services | Intersegment Sales and Revenue
Net Sales and Revenues
Total net sales and revenues	56	59	106	105
% Change - Net sales and revenues	-5.00%		1.00%
Other
Net Sales and Revenues
Total net sales and revenues	$119	$130	$249	$248
% Change - Net sales and revenues	-8.00%

FINANCING_RECEIVABLES_Details

FINANCING RECEIVABLES (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013
FINANCING RECEIVABLES
Minimum number of days for a financing receivable to be considered past due	30 days
Generally the 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 Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	$392		$288	$313
Total Non-Performing	137		141	137
Current	29,121		31,770	29,563
Total Financing Receivables	29,650		32,199	30,013
Less allowance for credit losses	163	168	175	171	167	173
Total financing receivables - net	29,487		32,024	29,842
30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	211		182	185
60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	98		65	68
90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	83		41	60
Retail Notes
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Financing Receivables	21,473			21,492
Less allowance for credit losses	99	104	109	105	97	101
Retail Notes | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	212		155	148
Total Non-Performing	96		107	102
Current	18,543		19,966	19,027
Total Financing Receivables	18,851		20,228	19,277
Retail Notes | Agriculture and Turf | 30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	108		93	89
Retail Notes | Agriculture and Turf | 60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	55		34	31
Retail Notes | Agriculture and Turf | 90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	49		28	28
Retail Notes | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	93		77	88
Total Non-Performing	18		17	14
Current	2,511		2,462	2,113
Total Financing Receivables	2,622		2,556	2,215
Retail Notes | Construction and Forestry | 30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	57		54	57
Retail Notes | Construction and Forestry | 60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	24		16	19
Retail Notes | Construction and Forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	12		7	12
Other Financing Receivables | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	65		37	54
Total Non-Performing	16		15	17
Current	7,051		8,208	7,335
Total Financing Receivables	7,132		8,260	7,406
Other Financing Receivables | Agriculture and Turf | 30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	32		23	24
Other Financing Receivables | Agriculture and Turf | 60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	13		12	13
Other Financing Receivables | Agriculture and Turf | 90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	20		2	17
Other Financing Receivables | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	22		19	23
Total Non-Performing	7		2	4
Current	1,016		1,134	1,088
Total Financing Receivables	1,045		1,155	1,115
Other Financing Receivables | Construction and Forestry | 30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	14		12	15
Other Financing Receivables | Construction and Forestry | 60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	6		3	5
Other Financing Receivables | Construction and Forestry | 90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	$2		$4	$3

FINANCING_RECEIVABLES_Details_

FINANCING RECEIVABLES (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
Allowance:
Beginning of period balance	$168	$167	$175	$173
Provision (credit)	14	5	15	7
Write-offs	-19	-11	-26	-19
Recoveries	6	6	11	11
Translation adjustments	-6	4	-12	-1
End of period balance	163	171	163	171
Financing receivables:
End of period balance	29,650	30,013	29,650	30,013	32,199
Balance individually evaluated	19	35	19	35
Retail Notes
Allowance:
Beginning of period balance	104	97	109	101
Provision (credit)	5	7	5	8
Write-offs	-6	-5	-9	-8
Recoveries	2	2	4	4
Translation adjustments	-6	4	-10
End of period balance	99	105	99	105
Financing receivables:
End of period balance	21,473	21,492	21,473	21,492
Balance individually evaluated	19	21	19	21
Revolving Charge Accounts
Allowance:
Beginning of period balance	41	40	41	41
Provision (credit)	8	2	8	3
Write-offs	-11	-6	-15	-11
Recoveries	3	4	7	7
End of period balance	41	40	41	40
Financing receivables:
End of period balance	2,345	2,215	2,345	2,215
Balance individually evaluated		3		3
Other Financing Receivables
Allowance:
Beginning of period balance	23	30	25	31
Provision (credit)	1	-4	2	-4
Write-offs	-2		-2
Recoveries	1
Translation adjustments			-2	-1
End of period balance	23	26	23	26
Financing receivables:
End of period balance	5,832	6,306	5,832	6,306
Balance individually evaluated		$11		$11

FINANCING_RECEIVABLES_Details_1

FINANCING RECEIVABLES (Details 3) (USD $)	6 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
	item	item
Analysis of Impaired Financing Receivables
Recorded investment, with specific allowance	$3	$10	$9
Recorded investment, without specific allowance	12	6	6
Recorded Investment	15	16	15
Unpaid principal balance, with specific allowance	3	10	9
Unpaid principal balance, without specific allowance	11	6	6
Unpaid Principal Balance	14	16	15
Specific allowance, with allowance	2	2	2
Specific Allowance	2	2	2
Average recorded investment, with specific allowance	6	11	10
Average recorded investment, without specific allowance	12	7	7
Average Recorded Investment	18	18	17
Financing Receivables Related to Troubled Debt Restructurings
Financing receivable contracts in troubled debt restructuring, number	50	20
Financing receivables in troubled debt restructurings, aggregate balances, pre-modification	1.5	1
Financing receivables in troubled debt restructurings, aggregate balances, post-modification	1.1	0.8
Number of troubled debt restructurings that subsequently defaulted	0	0
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	0
Agriculture and Turf
Analysis of Impaired Financing Receivables
Recorded Investment	9	14	12
Unpaid Principal Balance	8	14	12
Specific Allowance	2	2	2
Average Recorded Investment	12	16	13
Construction and Forestry
Analysis of Impaired Financing Receivables
Recorded Investment	6	2	3
Unpaid Principal Balance	6	2	3
Average Recorded Investment	$6	$2	$4

SECURITIZATION_OF_FINANCING_RE2

SECURITIZATION OF FINANCING RECEIVABLES (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	$1,480
Unconsolidated conduits, maximum exposure to loss	1,545
Total Assets	59,594	61,336.40	60,862.40
Financing receivables securitized (retail notes)	4,755	4,616	4,355
Allowance for credit losses - securitization transactions	-14	-14	-10
Other assets - securitization transactions	115	108	115
Total restricted securitized assets - securitization transactions	4,856	4,710	4,460
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Accrued interest on borrowings - securitization transactions	2	1	1
Total liabilities related to restricted securitized assets - securitization transactions	4,705	4,560	4,331
Maximum remaining term of all restricted securitized retail notes	6 years
VIE-Primary Beneficiary
Securitization Transactions
Total restricted securitized assets - securitization transactions	3,083	3,011	2,843
Total liabilities related to restricted securitized assets - securitization transactions	3,007	2,942	2,777
Non-VIE Banking Operation
Securitization Transactions
Total restricted securitized assets - securitization transactions	228	368	350
Total liabilities related to restricted securitized assets - securitization transactions	218	351	337
VIE-Not Primary Beneficiary
Securitization Transactions
Total Assets	47,000
Total restricted securitized assets - securitization transactions	1,545	1,331	1,267
Total liabilities related to restricted securitized assets - securitization transactions	$1,480	$1,267	$1,217

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
INVENTORIES
Raw materials and supplies	$1,675	$1,724	$2,024
Work-in-process	630	654	956
Finished goods and parts	3,831	3,360	4,389
Total FIFO value	6,136	5,738	7,369
Less adjustment to LIFO value	1,512	1,528	1,519
Inventories	$4,624.20	$4,209.70	$5,849.60

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Changes in Amounts of Goodwill
Goodwill - gross, beginning balance	$791	$905
Less accumulated impairment losses, beginning balance		60
Goodwill - net, beginning balance	791.2	845
Reclassification to assets held for sale		-60
Translation adjustments	-54	-5
Goodwill - gross, ending balance		840
Goodwill - net, ending balance	737	839.6
John Deere Water Operations | Disposal Group
Changes in Amounts of Goodwill
Decrease in accumulated impairment losses		60
Agriculture and Turf
Changes in Amounts of Goodwill
Goodwill - gross, beginning balance	235	302
Less accumulated impairment losses, beginning balance		60
Goodwill - net, beginning balance	235	242
Reclassification to assets held for sale		-60
Translation adjustments	-13	1
Goodwill - gross, ending balance		243
Goodwill - net, ending balance	222	243
Construction and Forestry
Changes in Amounts of Goodwill
Goodwill - gross, beginning balance	556	603
Goodwill - net, beginning balance	556	603
Translation adjustments	-41	-6
Goodwill - gross, ending balance		597
Goodwill - net, ending balance	$515	$597

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Details 2) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
Amortized Intangible Assets:
Total at cost	$109	$110	$107
Less accumulated amortization	49	45	40
Total amortized intangible assets - net	60	65	67
Unamortized intangible assets:
Licenses		4	4
Intangible assets - net (excluding goodwill)
Other intangible assets - net	60.4	68.8	71.2
Reduction of licenses related to divestiture	4
Customer Lists and Relationships
Amortized Intangible Assets:
Total at cost	19	20	20
Less accumulated amortization	10	9	8
Useful Lives (weighted averages)	15 years
Technology, Patents, Trademarks and Other
Amortized Intangible Assets:
Total at cost	90	90	87
Less accumulated amortization	$39	$36	$32
Useful Lives (weighted averages)	18 years

GOODWILL_AND_OTHER_INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Details 3) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Amortized Intangible Assets:
Amortization expense of other intangible assets	$2	$3	$5	$5
Amortization expense of other intangible assets - remainder of 2015	8		8
Amortization expense of other intangible assets - 2016	10		10
Amortization expense of other intangible assets - 2017	9		9
Amortization expense of other intangible assets - 2018	5		5
Amortization expense of other intangible assets - 2019	$5		$5

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period			5 years
Unamortized extended warranty premiums (deferred revenue)	$428	$378	$428	$378
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	1,217	1,172	1,234	1,164
Payments	-165	-177	-343	-366
Amortization of premiums received	-41	-32	-82	-59
Accruals for warranties	189	182	370	366
Premiums received	47	49	92	95
Foreign exchange	-5	2	-29	-4
End of period balance	$1,242	$1,196	$1,242	$1,196

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES
Commitments for the construction and acquisition of property and equipment	$209
Other restricted assets	100
Miscellaneous contingent liabilities	43
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	199
Guarantee obligations accrued losses	$6
Guarantee obligations term	P5Y

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
Fair Values of Financial Instruments
Financing receivables - net	$24,745.80	$27,422.20	$25,496.10
Financing receivables securitized - net	4,741.10	4,602.30	4,345.40
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Long-term borrowings	23,622.80	24,380.70	23,166.90
Fair Value, Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	4,707	4,562	4,333
Long-term borrowings due within one year	5,135	4,976	4,533
Long-term borrowings	24,259	24,981	23,729
Fair Value, Level 3
Fair Values of Financial Instruments
Financing receivables - net	24,632	27,337	25,383
Financing receivables securitized - net	4,716	4,573	4,308
Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	24,746	27,422	25,496
Financing receivables securitized - net	4,741	4,602	4,345
Short-term securitization borrowings	4,703	4,559	4,330
Long-term borrowings due within one year	5,164	4,973	4,521
Long-term borrowings	23,623	24,381	23,167
Equipment Operations
Fair Values of Financial Instruments
Financing receivables - net	8.7	18.5	13.5
Long-term borrowings	4,488.90	4,642.50	4,816.70
Equipment Operations | Fair Value, Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	264	233	128
Long-term borrowings	4,994	5,095	5,181
Equipment Operations | Carrying Value
Fair Values of Financial Instruments
Long-term borrowings due within one year	280	243	130
Long-term borrowings	4,489	4,643	4,817
Financial Services
Fair Values of Financial Instruments
Financing receivables - net	24,737.10	27,403.70	25,482.60
Financing receivables securitized - net	4,741.10	4,602.30	4,345.40
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Long-term borrowings	19,133.90	19,738.20	18,350.20
Financial Services | Fair Value, Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	4,871	4,743	4,405
Long-term borrowings	19,265	19,886	18,548
Financial Services | Carrying Value
Fair Values of Financial Instruments
Long-term borrowings due within one year	4,884	4,730	4,391
Long-term borrowings	$19,134	$19,738	$18,350

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	$392.90	$1,215.10	$1,571.70
Derivative assets	404	353	332
Derivative liabilities	153	110	169
Transfer from Level 1 to Level 2, assets	0		0
Transfer from Level 2 to Level 1, assets	0		0
Transfer from Level 1 to Level 2, liabilities	0		0
Transfer from Level 2 to Level 1, liabilities	0		0
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 and 2
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	393	1,215	1,572
Total assets	797	1,568	1,904
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 and 2 | U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	75	808	1,213
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | Equity Fund
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	47	45	30
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | Fixed Income Fund
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities		10	10
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	28	741	1,144
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
Total liabilities	153	110	169
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	340	319	296
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	72	81	136
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	38	18	20
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	81	29	33
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Cross-Currency Interest Rate Contracts | Other Assets
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Derivative assets	26	16	16
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Municipal Debt Securities
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	28	34	35
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Corporate Debt Securities
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	128	172	155
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Mortgage-Backed Securities
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Marketable securities	$115	$146	$129

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (USD $)	Apr. 30, 2015
In Millions, unless otherwise specified
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$9
Amortized cost, due after one through five years	73
Amortized cost, due after five through 10 years	101
Amortized cost, due after 10 years	37
Amortized cost, mortgage-backed securities	113
Amortized cost, debt securities	333
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	10
Fair value, due after one through five years	76
Fair value, due after five through 10 years	105
Fair value, due after 10 years	40
Fair value, mortgage-backed securities	115
Fair value, debt securities	$346

FAIR_VALUE_MEASUREMENTS_Detail3

FAIR VALUE MEASUREMENTS (Details 4) (USD $)	6 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2014
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Losses, Property and equipment - net	$62.30
Fair Value, Nonrecurring Measurements | Level 3
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Property and equipment - net				53
Losses, Property and equipment - net	26
Assets held for sale - Water operations	91	91
Losses, Assets held for sale - Water operations	36	36
Other assets				15
Fair Value, Nonrecurring Measurements | Level 3 | Water Operations | Cost of Sales
Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis
Non-cash charge for impairment of long-lived assets, pretax			26
Non-cash charge for impairment of long-lived assets, after-tax			$26

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
Cash Flow Hedges
Cash flow hedge loss recorded in OCI to be reclassified within twelve months	$4
Maximum maturity of cash flow hedge interest rate and cross-currency interest rate contracts	41 months
Gains or losses reclassified from OCI to earnings	0
Interest Rate Contracts | Cash Flow Hedges Member
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	2,550	3,050	3,400
Cross-Currency Interest Rate Contracts | Cash Flow Hedges Member
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	$65	$70	$70

DERIVATIVE_INSTRUMENTS_Details1

DERIVATIVE INSTRUMENTS (Details 2) (Interest Rate Contracts, USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
Fair Value Hedges
Gains (losses) on ineffective portion of interest rate fair value hedge derivatives	($2)	$1	$1	($1)
Gain (Loss) on Fair Value Hedges
Gains (losses) on interest rate contracts	-121	-12	55	-81
Net accrued interest income on interest rate contracts	44	41	89	77
Gains (losses) on borrowings	119	13	-54	80
Accrued interest expense on borrowings	69	66	139	125
Fair Value Hedges Member
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$8,507	$8,593	$8,507	$8,593	$8,798

DERIVATIVE_INSTRUMENTS_Details2

DERIVATIVE INSTRUMENTS (Details 3) (Not Designated as Hedging Instruments, USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$6,342	$6,317	$5,949
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	3,750	3,524	3,731
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	94	98	88
Interest Rate Caps Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	1,320	1,703	1,597
Interest Rate Caps Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	$1,320	$1,703	$1,597

DERIVATIVE_INSTRUMENTS_Details3

DERIVATIVE INSTRUMENTS (Details 4) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
Fair Value of Derivative Instruments
Total derivative assets	$404	$353	$332
Total derivative liabilities	153	110	169
Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	296	279	261
Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	14	35	92
Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	282	266	247
Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	14	35	92
Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	14	13	14
Not Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	108	74	71
Not Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	139	75	77
Not Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	58	53	49
Not Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	58	46	44
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	38	18	20
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	81	29	33
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	$12	$3	$2

DERIVATIVE_INSTRUMENTS_Details4

DERIVATIVE INSTRUMENTS (Details 5) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	($52)	($100)	$214	$45
Interest Rate Contracts | OCI
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI, effective portion, gains (losses)	-1	-2	-6	-5
Interest Rate Contracts | Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	-77	29	144	-4
Not designated as hedges, gains (losses)	1	2	-12	4
Interest Rate Contracts | Interest Expense | Cash Flow Hedges Member
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, reclassified from OCI, effective portion, gains (losses)	-3	-3	-6	-8
Foreign Exchange Contracts | OCI
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI, effective portion, gains (losses)	1	-3	2	-5
Foreign Exchange Contracts | Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	-19	-26	26	30
Foreign Exchange Contracts | Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	-34	-76	200	11
Foreign Exchange Contracts | Other Operating Expense | Cash Flow Hedges Member
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, reclassified from OCI, effective portion, gains (losses)	$1	($1)	$2	($6)

DERIVATIVE_INSTRUMENTS_Details5

DERIVATIVE INSTRUMENTS (Details 6) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
In Millions, unless otherwise specified
DERIVATIVE INSTRUMENTS
Fair value of derivatives with credit-risk-related contingent features in a liability position	$51	$57	$112
Derivative Assets
Gross amounts recognized	404	353	332
Netting arrangements	-76	-76	-95
Collateral received	-1	-5	-5
Net amount	327	272	232
Derivative Liabilities
Gross amounts recognized	153	110	169
Netting arrangements	-76	-76	-95
Net amount	$77	$34	$74

STOCK_OPTION_AND_RESTRICTED_ST1

STOCK OPTION AND RESTRICTED STOCK AWARDS (Details) (USD $)	6 Months Ended	1 Months Ended
	Apr. 30, 2015	Dec. 31, 2014
Share-based Compensation, Aggregate Disclosures
Number of additional shares authorized for grant related to stock option and restricted stock awards	16,800,000
Stock Options
Share-based Compensation, Aggregate Disclosures
Options granted (in shares)		3,000,000
Options granted, weighted-average exercise price (in dollars per share)		$88.19
Options granted, weighted-average fair value (in dollars per share)		$19.67
Options outstanding (in shares)	16,200,000
Options outstanding, weighted-average exercise price (in dollars per share)	76.23
Fair value assumptions method used		lattice model
Restricted Stock Units
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)	230,000
Restricted Stock Units Subject to Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)	104,000
Restricted stock units granted, fair value (in dollars per unit)	88.42
Restricted Stock Units Subject to Performance/Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)	63,000
Restricted stock units granted, fair value (in dollars per unit)	81.78
Restricted Stock Units Subject to Market/Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Fair value assumptions method used	lattice model
Restricted stock units granted (in shares)	63,000
Restricted stock units granted, fair value (in dollars per unit)	113.97

DISPOSITION_WATER_OPERATIONS_D

DISPOSITION - WATER OPERATIONS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2014
Major Classes of Assets and Liabilities
Total assets held for sale	$84.70
Total liabilities held for sale	49.8
Water Operations | Disposal Group
Dispositions
Non-cash charge in other operating expenses for an impairment to write-down assets held for sale to realizable value, pretax	36
Non-cash charge in other operating expenses for an impairment to write-down assets held for sale to realizable value, after-tax	4
Major Classes of Assets and Liabilities
Trade accounts and notes receivable - net	57
Other receivables	10
Inventories	49
Other assets	5
Asset impairment	-36
Total assets held for sale	85
Accounts payable and accrued expenses	47
Retirement benefits and other liabilities	3
Total liabilities held for sale	$50

DISPOSITION_CROP_INSURANCE_OPE2

DISPOSITION - CROP INSURANCE OPERATIONS (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Jan. 31, 2015
Major Classes of Assets and Liabilities
Other intangible assets - net	$4
Total assets held for sale		84.7
Account payable and accrued expenses, and Total Liabilities held for sale		49.8
Crop Insurance Operations | Disposal Group
Dispositions
Proceeds from sale of Crop Insurance Operations	154
Cash and cash equivalents sold	5
Gain from sale of Crop Insurance Operations, pretax, recorded in Other Income	41
Gain from sale of Crop Insurance Operations, after-tax, recorded in Other Income	38
Major Classes of Assets and Liabilities
Cash and cash equivalents			13
Marketable securities			79
Other receivables			265
Other intangible assets - net			4
Other assets			20
Total assets held for sale			381
Account payable and accrued expenses, and Total Liabilities held for sale			$267

SUPPLEMENTAL_CONSOLIDATING_DAT2

SUPPLEMENTAL CONSOLIDATING DATA (Income Statement) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Net Sales and Revenues
Net sales	$7,398.50	$9,246.20	$13,003.60	$16,194.80
Finance and interest income	576.3	544.1	1,169.90	1,075.60
Other income	195.9	157.6	380.3	331.6
Total	8,170.70	9,947.90	14,553.80	17,602
Costs and Expenses
Cost of sales	5,694.20	6,871.80	10,114.80	12,067.30
Research and development expenses	341.1	354.1	674.3	677.8
Selling, administrative and general expenses	740	846.5	1,398.90	1,612.50
Interest expense	165.5	165.8	345.6	337.5
Other operating expenses	212.9	245.9	435.5	478.2
Total	7,153.70	8,484.10	12,969.10	15,173.30
Income of Consolidated Group before Income Taxes	1,017	1,463.80	1,584.70	2,428.70
Provision for income taxes	324	479	494.6	759.6
Income of Consolidated Group	693	984.8	1,090.10	1,669.10
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Net Income	690.8	981.2	1,077.70	1,662.50
Less: Net income attributable to noncontrolling interests	0.3	0.5	0.5	0.7
Net Income Attributable to Deere & Company	690.5	980.7	1,077.20	1,661.80
Equipment Operations
Net Sales and Revenues
Net sales	7,398.50	9,246.20	13,003.60	16,194.80
Finance and interest income	17.5	18.6	38	35.8
Other income	150.3	149.9	310.4	300.3
Total	7,566.30	9,414.70	13,352	16,530.90
Costs and Expenses
Cost of sales	5,694.70	6,872	10,115.80	12,067.90
Research and development expenses	341.1	354.1	674.3	677.8
Selling, administrative and general expenses	620.4	719.2	1,160.60	1,362.30
Interest expense	67.3	80.1	138.4	155.4
Interest compensation to Financial Services	53.4	54.8	99.4	97.1
Other operating expenses	37.2	99.3	76.2	151.9
Total	6,814.10	8,179.50	12,264.70	14,512.40
Income of Consolidated Group before Income Taxes	752.2	1,235.20	1,087.30	2,018.50
Provision for income taxes	228.6	397.6	323	638
Income of Consolidated Group	523.6	837.6	764.3	1,380.50
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	167.2	143.6	313.4	282
Net Income	690.8	981.2	1,077.70	1,662.50
Less: Net income attributable to noncontrolling interests	0.3	0.5	0.5	0.7
Net Income Attributable to Deere & Company	690.5	980.7	1,077.20	1,661.80
Equipment Operations | Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	169.8	147.7	326.6	289.9
Equipment Operations | Other
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	-2.6	-4.1	-13.2	-7.9
Financial Services
Net Sales and Revenues
Finance and interest income	623.6	591.8	1,256.60	1,161
Other income	85.3	38.5	150.2	102.9
Total	708.9	630.3	1,406.80	1,263.90
Costs and Expenses
Selling, administrative and general expenses	121.8	129.5	243	255.4
Interest expense	109.5	97.9	232.4	205.7
Other operating expenses	212.8	174.3	434	392.6
Total	444.1	401.7	909.4	853.7
Income of Consolidated Group before Income Taxes	264.8	228.6	497.4	410.2
Provision for income taxes	95.4	81.4	171.6	121.6
Income of Consolidated Group	169.4	147.2	325.8	288.6
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	0.4	0.5	0.8	1.3
Net Income	169.8	147.7	326.6	289.9
Net Income Attributable to Deere & Company	169.8	147.7	326.6	289.9
Financial Services | Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	$0.40	$0.50	$0.80	$1.30

SUPPLEMENTAL_CONSOLIDATING_DAT3

SUPPLEMENTAL CONSOLIDATING DATA (Balance Sheet) (Details 2) (USD $)	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014	Oct. 31, 2013
In Millions, except Share data, unless otherwise specified
Assets
Cash and cash equivalents	$4,355.40	$3,787	$3,078.50	$3,504
Marketable securities	392.9	1,215.10	1,571.70
Receivables from unconsolidated subsidiaries and affiliates	46.4	30.2	38.3
Trade accounts and notes receivable - net	4,717.10	3,277.60	5,119.70
Financing receivables - net	24,745.80	27,422.20	25,496.10
Financing receivables securitized - net	4,741.10	4,602.30	4,345.40
Other receivables	873.4	1,500.30	1,194.20
Equipment on operating leases - net	4,195.20	4,015.50	3,203.80
Inventories	4,624.20	4,209.70	5,849.60
Property and equipment - net	5,245.10	5,577.80	5,373.10
Investments in unconsolidated subsidiaries and affiliates	299.2	303.2	308.5
Goodwill	737	791.2	839.6	845
Other intangible assets - net	60.4	68.8	71.2
Retirement benefits	313.9	262	580.7
Deferred income taxes	2,659.40	2,776.60	2,458.10
Other assets	1,587.50	1,496.90	1,249.20
Assets held for sale			84.7
Total Assets	59,594	61,336.40	60,862.40
Liabilities and Stockholders' Equity
Short-term borrowings	8,989	8,019.20	8,763
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Payables to unconsolidated subsidiaries and affiliates	130.1	101	134.5
Accounts payable and accrued expenses	7,260.20	8,554.10	8,150.30
Deferred income taxes	149.3	160.9	162
Long-term borrowings	23,622.80	24,380.70	23,166.90
Retirement benefits and other liabilities	6,563.90	6,496.50	5,438.80
Liabilities held for sale			49.8
Total liabilities	51,418	52,270.90	50,194.80
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at April 30, 2015 - 536,431,204)	3,745.20	3,675.40	3,621.60
Common stock, par value (in dollars per share)	$1
Common stock, issued shares	536,431,204
Common stock in treasury	-13,951.20	-12,834.20	-11,224.10
Retained earnings	22,673.40	22,004.40	20,931.30
Accumulated other comprehensive income (loss)	-4,293.60	-3,783	-2,663.50	-2,693
Total Deere & Company stockholders' equity	8,173.80	9,062.60	10,665.30
Noncontrolling interests	2.2	2.9	2.3
Total stockholders' equity	8,176	9,065.50	10,667.60	10,267.70
Total Liabilities and Stockholders' Equity	59,594	61,336.40	60,862.40
Equipment Operations
Assets
Cash and cash equivalents	3,162.90	2,569.20	1,874.90	3,023.30
Marketable securities		700.4	1,105.60
Receivables from unconsolidated subsidiaries and affiliates	2,558	3,663.90	4,046.70
Trade accounts and notes receivable - net	681.3	706	969.9
Financing receivables - net	8.7	18.5	13.5
Other receivables	780.7	848	924.9
Inventories	4,624.20	4,209.70	5,849.60
Property and equipment - net	5,191.70	5,522.50	5,316.80
Investments in unconsolidated subsidiaries and affiliates	4,895.50	5,106.50	4,875.60
Goodwill	737	791.2	839.6
Other intangible assets - net	60.4	64.8	67.3
Retirement benefits	314.3	263.5	546.9
Deferred income taxes	2,991.20	2,981.90	2,683.40
Other assets	889.9	850.6	667.7
Assets held for sale			84.7
Total Assets	26,895.80	28,296.70	29,867.10
Liabilities and Stockholders' Equity
Short-term borrowings	549.6	434.1	1,020.50
Payables to unconsolidated subsidiaries and affiliates	130.1	101	134.5
Accounts payable and accrued expenses	6,964	7,518.40	7,728.40
Deferred income taxes	79.3	87.1	88
Long-term borrowings	4,488.90	4,642.50	4,816.70
Retirement benefits and other liabilities	6,507.90	6,448.10	5,361.60
Liabilities held for sale			49.8
Total liabilities	18,719.80	19,231.20	19,199.50
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at April 30, 2015 - 536,431,204)	3,745.20	3,675.40	3,621.60
Common stock, par value (in dollars per share)	$1	$1	$1
Common stock, issued shares	536,431,204
Common stock in treasury	-13,951.20	-12,834.20	-11,224.10
Retained earnings	22,673.40	22,004.40	20,931.30
Accumulated other comprehensive income (loss)	-4,293.60	-3,783	-2,663.50
Total Deere & Company stockholders' equity	8,173.80	9,062.60	10,665.30
Noncontrolling interests	2.2	2.9	2.3
Total stockholders' equity	8,176	9,065.50	10,667.60
Total Liabilities and Stockholders' Equity	26,895.80	28,296.70	29,867.10
Financial Services
Assets
Cash and cash equivalents	1,192.50	1,217.80	1,203.60	480.8
Marketable securities	392.9	514.7	466.1
Trade accounts and notes receivable - net	5,160.80	3,554.40	5,264.60
Financing receivables - net	24,737.10	27,403.70	25,482.60
Financing receivables securitized - net	4,741.10	4,602.30	4,345.40
Other receivables	122.5	659	301.1
Equipment on operating leases - net	4,195.20	4,015.50	3,203.80
Property and equipment - net	53.4	55.3	56.3
Investments in unconsolidated subsidiaries and affiliates	10.5	10.9	11.5
Other intangible assets - net		4	4
Retirement benefits	29	32.9	35.5
Deferred income taxes	62.9	64.9	68.8
Other assets	700.2	648.2	583.6
Total Assets	41,398.10	42,783.60	41,026.90
Liabilities and Stockholders' Equity
Short-term borrowings	8,439.40	7,585.10	7,742.50
Short-term securitization borrowings	4,702.70	4,558.50	4,329.50
Payables to unconsolidated subsidiaries and affiliates	2,511.60	3,633.70	4,008.40
Accounts payable and accrued expenses	1,453.50	2,027	1,570.60
Deferred income taxes	464.8	344.1	368.1
Long-term borrowings	19,133.90	19,738.20	18,350.20
Retirement benefits and other liabilities	85.5	82.8	79
Total liabilities	36,791.40	37,969.40	36,448.30
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at April 30, 2015 - 536,431,204)	2,051.30	2,023.10	1,999.40
Common stock, par value (in dollars per share)	$1	$1	$1
Common stock, issued shares	536,431,204
Retained earnings	2,718.80	2,811.80	2,537.20
Accumulated other comprehensive income (loss)	-163.4	-20.7	42
Total Deere & Company stockholders' equity	4,606.70	4,814.20	4,578.60
Total stockholders' equity	4,606.70	4,814.20	4,578.60
Total Liabilities and Stockholders' Equity	$41,398.10	$42,783.60	$41,026.90

SUPPLEMENTAL_CONSOLIDATING_DAT4

SUPPLEMENTAL CONSOLIDATING DATA (Statement of Cash Flows) (Details 3) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Cash Flows from Operating Activities
Net income	$1,077.70	$1,662.50
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	15.1	9.8
Provision for depreciation and amortization	682.9	630.3
Impairment charges		62.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	8.8	7.9
Provision (credit) for deferred income taxes	117.8	-138
Changes in assets and liabilities:
Trade receivables	-860.8	-1,692.80
Insurance receivables	333.4	175.4
Inventories	-932.9	-1,268.20
Accounts payable and accrued expenses	-698.3	-578.7
Accrued income taxes payable/receivable	-76.3	86.8
Retirement benefits	186.6	138
Other	-37.4	28.1
Net cash provided by operating activities	-154.7	-831.9
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities	791.9	611.3
Proceeds from sales of equipment on operating leases	552.3	570.9
Proceeds from sales of businesses, net of cash sold	148.8	307.2
Purchases of marketable securities	-33.9	-562.8
Purchases of property and equipment	-324.3	-426.2
Cost of equipment on operating leases acquired	-830.2	-618.1
Other	-58.9	-85.1
Net cash provided by (used for) investing activities	1,152	-267.4
Cash Flows from Financing Activities
Increase in total short-term borrowings	1,147	956.7
Proceeds from long-term borrowings	2,512.20	4,253.80
Payments of long-term borrowings	-2,453.30	-3,135.50
Proceeds from issuance of common stock	86.1	108.7
Repurchases of common stock	-1,173.90	-1,093.40
Dividends paid	-415.8	-382.3
Excess tax benefits from share-based compensation	11.7	24.2
Other	-39.1	-32.9
Net cash provided by (used for) financing activities	-325.1	699.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-103.8	-25.5
Net Increase (Decrease) in Cash and Cash Equivalents	568.4	-425.5
Cash and Cash Equivalents at Beginning of Period	3,787	3,504
Cash and Cash Equivalents at End of Period	4,355.40	3,078.50
Equipment Operations
Cash Flows from Operating Activities
Net income	1,077.70	1,662.50
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	0.3	1.9
Provision for depreciation and amortization	409.8	397.7
Impairment charges		62.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	102.6	-190.8
Provision (credit) for deferred income taxes	-3	-117.8
Changes in assets and liabilities:
Trade receivables	-33.2	-3.9
Inventories	-656.8	-995.9
Accounts payable and accrued expenses	-219.2	-123.3
Accrued income taxes payable/receivable	-82.1	77.5
Retirement benefits	179.3	130.5
Other	75.8	126.3
Net cash provided by operating activities	851.2	1,027
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities	700	600
Proceeds from sales of businesses, net of cash sold		307.2
Purchases of marketable securities		-504
Purchases of property and equipment	-323.2	-425.2
Other	-51.1	-89.2
Net cash provided by (used for) investing activities	325.7	-111.2
Cash Flows from Financing Activities
Increase in total short-term borrowings	84.6	641.6
Change in intercompany receivables/payables	960.7	-612
Proceeds from long-term borrowings	7	6.6
Payments of long-term borrowings	-39.8	-737.3
Proceeds from issuance of common stock	86.1	108.7
Repurchases of common stock	-1,173.90	-1,093.40
Dividends paid	-415.8	-382.3
Excess tax benefits from share-based compensation	11.7	24.2
Other	-24.1	-11
Net cash provided by (used for) financing activities	-503.5	-2,054.90
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-79.7	-9.3
Net Increase (Decrease) in Cash and Cash Equivalents	593.7	-1,148.40
Cash and Cash Equivalents at Beginning of Period	2,569.20	3,023.30
Cash and Cash Equivalents at End of Period	3,162.90	1,874.90
Financial Services
Cash Flows from Operating Activities
Net income	326.6	289.9
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	14.8	7.9
Provision for depreciation and amortization	328.4	271.2
Undistributed earnings of unconsolidated subsidiaries and affiliates	-0.8	-1.3
Provision (credit) for deferred income taxes	120.8	-20.3
Changes in assets and liabilities:
Insurance receivables	333.4	175.4
Accounts payable and accrued expenses	-336.8	-200
Accrued income taxes payable/receivable	5.8	9.3
Retirement benefits	7.3	7.5
Other	-42.7	3.8
Net cash provided by operating activities	756.8	543.4
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)	8,998.20	9,006.60
Proceeds from maturities and sales of marketable securities	91.9	11.3
Proceeds from sales of equipment on operating leases	552.3	570.9
Proceeds from sales of businesses, net of cash sold	148.8
Cost of receivables acquired (excluding trade and wholesale)	-7,977.10	-9,120.50
Purchases of marketable securities	-33.9	-58.8
Purchases of property and equipment	-1.1	-1
Cost of equipment on operating leases acquired	-1,203.40	-986
Increase in trade and wholesale receivables	-1,084.70	-1,895.10
Other	-36	-39.1
Net cash provided by (used for) investing activities	-545	-2,511.70
Cash Flows from Financing Activities
Increase in total short-term borrowings	1,062.40	315.1
Change in intercompany receivables/payables	-960.7	612
Proceeds from long-term borrowings	2,505.20	4,247.20
Payments of long-term borrowings	-2,413.50	-2,398.10
Dividends paid	-419.6	-90
Other	13.2	21.1
Net cash provided by (used for) financing activities	-213	2,707.30
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-24.1	-16.2
Net Increase (Decrease) in Cash and Cash Equivalents	-25.3	722.8
Cash and Cash Equivalents at Beginning of Period	1,217.80	480.8
Cash and Cash Equivalents at End of Period	$1,192.50	$1,203.60