Deere & Company (DE) 10-Q 1 Mar 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Jan. 28, 2018shares
Document and Entity Information
Entity Registrant Name	DEERE & CO
Entity Central Index Key	315,189
Document Type	10-Q
Document Period End Date	Jan. 28, 2018
Amendment Flag	false
Current Fiscal Year End Date	--10-28
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	323,787,852
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

STATEMENT OF CONSOLIDATED INCOM

STATEMENT OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Net Sales and Revenues
Net sales	$ 5,973.9	$ 4,697.8
Finance and interest income	722.9	655.5
Other income	216.7	271.9
Total	6,913.5	5,625.2
Costs and Expenses
Cost of sales	4,704.5	3,781.5
Research and development expenses	356.8	312.1
Selling, administrative and general expenses	705	667.3
Interest expense	286.3	208.1
Other operating expenses	343	328.2
Total	6,395.6	5,297.2
Income of Consolidated Group before Income Taxes	517.9	328
Provision for income taxes	1,057.5	129.2
Income (Loss) of Consolidated Group	(539.6)	198.8
Equity in income (loss) of unconsolidated affiliates	4.9	(0.4)
Net Income (Loss)	(534.7)	198.4
Less: Net income (loss) attributable to noncontrolling interests	0.4	(0.6)
Net Income (Loss) Attributable to Deere & Company	$ (535.1)	$ 199
Per Share Data
Basic (in dollars per share)	$ (1.66)	$ 0.63
Diluted (in dollars per share)	$ (1.66)	$ 0.62
Average Shares Outstanding
Basic (in shares)	322.8	316.7
Diluted (in shares)	322.8	319.7

STATEMENT OF CONSOLIDATED COMPR

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME
Net Income (Loss)	$ (534.7)	$ 198.4
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	46.3	43
Cumulative translation adjustment	223.3	(17.7)
Unrealized gain on derivatives	5.4	2
Unrealized loss on investments	(0.2)	(5.8)
Other Comprehensive Income (Loss), Net of Income Taxes	274.8	21.5
Comprehensive Income (Loss) of Consolidated Group	(259.9)	219.9
Less: Comprehensive income (loss) attributable to noncontrolling interests	0.5	(0.6)
Comprehensive Income (Loss) Attributable to Deere & Company	$ (260.4)	$ 220.5

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017	Oct. 30, 2016
ASSETS
Cash and cash equivalents	$ 3,915.1	$ 9,334.9	$ 3,890	$ 4,335.8
Marketable securities	462.3	451.6	445.5
Receivables from unconsolidated affiliates	33.7	35.9	28.9
Trade accounts and notes receivable - net	4,684.6	3,924.9	3,236.3
Financing receivables - net	23,855.1	25,104.1	23,030.9
Financing receivables securitized - net	4,474	4,158.8	4,250.4
Other receivables	1,036.1	1,200	882.3
Equipment on operating leases - net	6,619.8	6,593.7	5,825.3
Inventories	6,614.2	3,904.1	3,959.6
Property and equipment - net	5,781.2	5,067.7	5,030.4
Investments in unconsolidated affiliates	194	182.5	220.9
Goodwill	3,111.8	1,033.3	809.2	816
Other intangible assets - net	1,659.5	218	95.5
Retirement benefits	580.3	538.2	133.7
Deferred income taxes	1,876.2	2,415	2,957.5
Other assets	1,679.6	1,623.6	1,499.8
Total Assets	66,577.5	65,786.3	56,296.2
LIABILITIES
Short-term borrowings	9,743.5	10,035.3	7,441.6
Short-term securitization borrowings	4,428.3	4,118.7	4,220.2
Payables to unconsolidated affiliates	118	121.9	94.7
Accounts payable and accrued expenses	8,489.7	8,417	6,334.5
Deferred income taxes	590.2	209.7	168.9
Long-term borrowings	26,421.8	25,891.3	22,916.6
Retirement benefits and other liabilities	7,507.1	7,417.9	8,270.4
Total liabilities	57,298.6	56,211.8	49,446.9
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest	14	14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at January 28, 2018 - 536,431,204)	4,374	4,280.5	4,079.1
Common stock in treasury	(15,404.3)	(15,460.8)	(15,569.1)
Retained earnings	24,571.9	25,301.3	23,919.6
Accumulated other comprehensive income (loss)	(4,289)	(4,563.7)	(5,604.5)
Total Deere & Company stockholders' equity	9,252.6	9,557.3	6,825.1
Noncontrolling interests	12.3	3.2	10.2
Total stockholders' equity	9,264.9	9,560.5	6,835.3	$ 6,530.8
Total Liabilities and Stockholders' Equity	$ 66,577.5	$ 65,786.3	$ 56,296.2

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical)	Jan. 28, 2018$ / sharesshares
CONDENSED CONSOLIDATED BALANCE SHEET
Common stock, par value (in dollars per share) | $ / shares	$ 1
Common stock, issued shares | shares	536,431,204

STATEMENT OF CONSOLIDATED CASH

STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Cash Flows from Operating Activities
Net income (loss)	$ (534.7)	$ 198.4
Adjustments to reconcile net income (loss) to net cash used for operating activities:
Provision for credit losses	2.5	6.5
Provision for depreciation and amortization	463.2	415.7
Share-based compensation expense	16.7	18.2
Undistributed earnings of unconsolidated affiliates	(6.6)	(1)
Provision for deferred income taxes	479.7	11.9
Changes in assets and liabilities:
Trade, notes and financing receivables related to sales	(34.9)	61.9
Inventories	(1,238.8)	(743.1)
Accounts payable and accrued expenses	(915.1)	(717.7)
Accrued income taxes payable/receivable	425.1	10.1
Retirement benefits	65.6	46.5
Other	(19.5)	(44.1)
Net cash used for operating activities	(1,296.8)	(736.7)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	5,226.1	4,814.8
Proceeds from maturities and sales of marketable securities	13.1	23.7
Proceeds from sales of equipment on operating leases	339.6	368.2
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold	49.7
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold		113.9
Cost of receivables acquired (excluding receivables related to sales)	(4,006.6)	(3,644.6)
Acquisitions of businesses, net of cash acquired	(5,129.7)
Purchases of marketable securities	(24.3)	(21.7)
Purchases of property and equipment	(176.3)	(155.2)
Cost of equipment on operating leases acquired	(365.7)	(382.6)
Other	(16.2)	(12.1)
Net cash provided by (used for) investing activities	(4,090.3)	1,104.4
Cash Flows from Financing Activities
Decrease in total short-term borrowings	(535.5)	(1,064.9)
Proceeds from long-term borrowings	2,262.1	1,295.8
Payments of long-term borrowings	(1,871.2)	(1,048.9)
Proceeds from issuance of common stock	143	263.3
Repurchases of common stock	(9.7)	(6.2)
Dividends paid	(193)	(188.9)
Other	(26.7)	(24.4)
Net cash used for financing activities	(231)	(774.2)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	198.3	(39.3)
Net Decrease in Cash and Cash Equivalents	(5,419.8)	(445.8)
Cash and Cash Equivalents at Beginning of Period	9,334.9	4,335.8
Cash and Cash Equivalents at End of Period	$ 3,915.1	$ 3,890

STATEMENT OF CHANGES IN CONSOLI

STATEMENT OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
Balance at Oct. 30, 2016	$ 3,911.8	$ (15,677.1)	$ 23,911.3	$ (5,626)	$ 10.8	$ 6,530.8
Increase (Decrease) in Stockholders' Equity
Net income (loss)			199		(0.6)	198.4
Other comprehensive income				21.5		21.5
Repurchases of common stock		(6.2)				(6.2)
Treasury shares reissued		114.2				114.2
Dividends declared			(190.9)			(190.9)
Stock options and other	167.3		0.2			167.5
Balance at Jan. 29, 2017	4,079.1	(15,569.1)	23,919.6	(5,604.5)	10.2	6,835.3
Redeemable Noncontrolling Interest - Balance at Oct. 30, 2016						14
Redeemable Noncontrolling Interest - Balance at Jan. 29, 2017						14
Balance at Oct. 29, 2017	4,280.5	(15,460.8)	25,301.3	(4,563.7)	3.2	9,560.5
Increase (Decrease) in Stockholders' Equity
Net income (loss)			(535.1)		0.4	(534.7)
Other comprehensive income				274.7	0.1	274.8
Repurchases of common stock		(9.7)				(9.7)
Treasury shares reissued		66.2				66.2
Dividends declared			(194.3)			(194.3)
Acquisitions (Note 18)					8.7	8.7
Stock options and other	93.5				(0.1)	93.4
Balance at Jan. 28, 2018	$ 4,374	$ (15,404.3)	$ 24,571.9	$ (4,289)	$ 12.3	9,264.9
Redeemable Noncontrolling Interest - Balance at Oct. 29, 2017						14
Redeemable Noncontrolling Interest - Balance at Jan. 28, 2018						$ 14

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	3 Months Ended
	Jan. 28, 2018
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. On December 1, 2017, the Company acquired the stock and certain assets of substantially all of Wirtgen Group Holding GmbH (Wirtgen). Wirtgen results are included in the construction and forestry operations (see Note 18). 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. The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The first quarter ends for fiscal year 2018 and 2017 were January 28, 2018 and January 29, 2017, respectively. Both periods contained 13 weeks.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION	3 Months Ended
	Jan. 28, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2)     The interim consolidated financial statements of Deere & Company have been prepared by the Company, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted as permitted by such rules and regulations. All adjustments, consisting of normal recurring adjustments, have been included. Management believes that the disclosures are adequate to present fairly the financial position, results of operations, and cash flows at the dates and for the periods presented. It is suggested that these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto appearing in the Company’s latest annual report on Form 10-K. Results for interim periods are not necessarily indicative of those to be expected for the fiscal year. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates.
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 $139 million and $119 million in the first three months of 2018 and 2017, respectively. The Company also had accounts payable related to purchases of property and equipment of approximately $27 million and $29 million at January 28, 2018 and January 29, 2017, respectively.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	3 Months Ended
	Jan. 28, 2018
NEW ACCOUNTING STANDARDS
NEW ACCOUNTING STANDARDS	(3)     New accounting standards adopted are as follows: In the first quarter of 2018, the Company early adopted Financial Accounting Standards Board (FASB) Accounting Standard Update (ASU) No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which amends Accounting Standards Codification (ASC) 715, Compensation – Retirement Benefits. This ASU required that employers report only the service cost component of the total defined benefit pension and postretirement benefit cost in the same income statement lines as compensation for the participating employees. The other components of these benefit costs are reported outside of operating profit in the income statement line other operating expenses. The ASU was adopted on a retrospective basis that increased first quarter of 2018 and 2017 operating profit by $8 million and $7 million, respectively. The income statement line changes for the first quarter of 2017 were cost of sales decreased $16 million, research and development expenses increased $1 million, selling, administrative and general expenses increased $8 million, and other operating expenses increased $7 million. In addition, only the service cost component of the benefit costs is eligible for capitalization, which was adopted beginning the first quarter of 2018. In the third quarter of 2017, the Company early adopted ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC 718, Compensation – Stock Compensation. This ASU changes the treatment of share based payment transactions by recognizing the impact of excess tax benefits or deficiencies related to exercised or vested awards in income tax expense in the period of exercise or vesting, instead of common stock. As required, this change was reflected for all periods in fiscal year 2017. Net income increased in the first quarter fiscal year 2017 by approximately $5 million. The ASU also modified the presentation of excess tax benefits in the statement of consolidated cash flows by including that amount with other income tax cash flows as an operating activity and no longer presented separately as a financing activity. This change was recognized through a retrospective application that increased net cash flow provided by operating activities by approximately $5 million in the first quarter fiscal year 2017. The ASU also requires that cash paid by an employer when directly withholding shares for tax withholding purposes should be presented as a financing activity in the statement of consolidated cash flows, which is the Company’s existing presentation. The Company will continue to recognize the impact of share-based payment award forfeitures as the forfeitures occur. In the first quarter of 2018, the Company adopted ASU No. 2016-07, Simplifying the Transition to the Equity Method of Accounting, which amends ASC 323, Investments – Equity Method and Joint Ventures, which did not have a material effect on the Company’s consolidated financial statements. New accounting standards to be adopted are as follows: In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in 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. The FASB issued several amendments clarifying various aspects of the ASU, including revenue transactions that involve a third party, goods or services that are immaterial in the context of the contract, and licensing arrangements. The Company will adopt the ASU effective the first quarter of fiscal year 2019 using a modified retrospective method. The Company’s evaluation of the ASU is largely complete, with the exception of the Wirtgen acquisition (see Note 18). The ASU requires that a gross asset and liability rather than a net liability be recorded for the value of estimated service parts returns and the related refund liability. The gross asset will be recorded in other assets and the gross liability will be recorded in accounts payable and accrued expenses. In addition, certain revenue disclosures will be expanded. At this point of the evaluation, the Company has not identified an item that will have a material effect on the Company’s consolidated financial statements. The Company continues to evaluate the ASU’s potential effects on the consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends ASC 825-10, Financial Instruments - Overall. This ASU changes the treatment for available-for-sale equity investments by recognizing unrealized fair value changes directly in net income and no longer in Other Comprehensive Income (OCI). The effective date will be the first quarter of fiscal year 2019. Early adoption of the provisions affecting the Company is not permitted. The ASU will be adopted with a cumulative-effect adjustment to the balance sheet in the year of adoption. The Company is evaluating the potential effects on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes ASC 840, Leases. The ASU’s primary change is the requirement for lessee entities to recognize a lease liability for payments and a right of use asset during the term of operating lease arrangements. The ASU does not significantly change the lessee’s recognition, measurement, and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. The ASU currently requires that lessees and lessors use a modified retrospective transition approach. In January 2018, the FASB issued an exposure draft to provide for an adoption option that would not require earlier periods to be restated at the adoption date. The effective date will be the first quarter of fiscal year 2020 with early adoption permitted. The Company is evaluating the potential adoption options and the effects on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326, Financial Instruments - Credit Losses. The ASU revises the measurement of credit losses for financial assets measured at amortized cost from an incurred loss methodology to an expected loss methodology. The ASU affects trade receivables, debt securities, net investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant estimates and credit quality are also required. The effective date will be the first quarter of fiscal year 2021, with early adoption permitted beginning in fiscal year 2020. The ASU will be adopted using a modified-retrospective approach. The Company is evaluating the potential effects on the consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, which amends ASC 230, Statement of Cash Flows. This ASU provides guidance on the statement of cash flows presentation of certain transactions where diversity in practice exists. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted. The ASU will be adopted using a retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, which amends ASC 740, Income Taxes. This ASU requires that the income tax consequences of an intra-entity asset transfer other than inventory are recognized at the time of the transfer. The effective date will be the first quarter of fiscal year 2019. The ASU will be adopted using a modified-retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash, which amends ASC 230, Statement of Cash Flows. This ASU requires that a statement of cash flows explain the change during the reporting period in the total of cash, cash equivalents, and restricted cash or restricted cash equivalents. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted, and will be adopted using a retrospective transition approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, Clarifying the Definition of a Business, which amends ASC 805, Business Combinations. This ASU provides further guidance on the definition of a business to determine whether transactions should be accounted for as acquisitions of assets or businesses. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted in certain cases. The ASU will be adopted on a prospective basis and will not have a material effect on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, Premium Amortization on Purchased Callable Debt Securities, which amends ASC 310-20, Receivables – Nonrefundable Fees and Other Costs. This ASU reduces the amortization period for certain callable debt securities held at a premium to the earliest call date. The treatment of securities held at a discount is unchanged. The effective date is the first quarter of fiscal year 2020, with early adoption permitted. The adoption will not have a material effect on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Scope of Modification Accounting, which amends ASC 718, Compensation – Stock Compensation. This ASU provides guidance about which changes to the terms of a share-based payment award should be accounted for as a modification. A change to an award should be accounted for as a modification unless the fair value of the modified award is the same as the original award, the vesting conditions do not change, and the classification as an equity or liability instrument does not change. The ASU will be adopted on a prospective basis. The effective date is the first quarter of fiscal year 2019, with early adoption permitted. The adoption will not have a material effect on the Company’s consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, which amends ASC 815, Derivatives and Hedging. The purpose of this ASU is to better align a company’s risk management activities and financial reporting for hedging relationships, simplify the hedge accounting requirements, and improve the disclosures of hedging arrangements. The effective date is fiscal year 2020, with early adoption permitted. The Company is evaluating the potential effects on the consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which amends ASC 220, Income Statement – Reporting Comprehensive Income. In December 2017, the U.S. government enacted new tax legislation (tax reform). Included in the provisions of tax reform is a reduction of the corporate income tax rate from 35 percent to 21 percent. Accounting principles generally accepted in the U.S. require that deferred taxes are remeasured to the new corporate tax rate in the period legislation is enacted. The deferred tax adjustment is recorded in the provision for income taxes, including items for which the tax effects were originally recorded in OCI. This treatment results in the items in OCI not reflecting the appropriate tax rate, which are referred to as stranded tax effects. This ASU allows a reclassification from accumulated OCI to retained earnings for stranded tax effects resulting from tax reform. The effective date is fiscal year 2020, with early adoption permitted, including in interim periods. The ASU can be adopted at the beginning of an interim or annual period or retrospectively to each period affected by tax reform. The Company is evaluating the potential effects of the ASU on the consolidated financial statements. The effects of tax reform on the Company’s consolidated financial statements are outlined in Note 8.

OTHER COMPREHENSIVE INCOME ITEM

OTHER COMPREHENSIVE INCOME ITEMS	3 Months Ended
	Jan. 28, 2018
OTHER COMPREHENSIVE INCOME ITEMS
OTHER COMPREHENSIVE INCOME ITEMS	(4)     The after-tax changes in accumulated other comprehensive income (loss) in millions of dollars follow: Total Unrealized Unrealized Accumulated Retirement Cumulative Gain (Loss) Gain (Loss) Other Benefits Translation on on Comprehensive Adjustment Adjustment Derivatives Investments Income (Loss) Balance October 30, 2016 $ $ $ $ 11 $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income 44 43 Net current period other comprehensive income (loss) 43 21 Balance January 29, 2017 $ $ $ $ $ Balance October 29, 2017 $ $ $ $ 10 $ Other comprehensive income (loss) items before reclassification 224 234 Amounts reclassified from accumulated other comprehensive income 41 41 Net current period other comprehensive income (loss) 46 224 275 Balance January 28, 2018 $ $ $ $ 10 $ Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars: Before Tax After Tax (Expense) Tax Three Months Ended January 28, 2018 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss Net unrealized gain (loss) on derivatives Net unrealized gain (loss) on investments Retirement benefits adjustment: Pensions Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Health care and life insurance Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Net unrealized gain (loss) on retirement benefits adjustments Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail. Before Tax After Tax (Expense) Tax Three Months Ended January 29, 2017 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss to: Foreign exchange contracts – Other operating expenses Net unrealized gain (loss) on derivatives Unrealized gain (loss) on investments: Unrealized holding gain (loss) Reclassification of realized (gain) loss – Other income Net unrealized gain (loss) on investments Retirement benefits adjustment: Pensions Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Health care and life insurance Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Net unrealized gain (loss) on retirement benefits adjustments Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail. In the first quarter of 2018 and 2017, the noncontrolling interests’ comprehensive income (loss) was $.5 million and $(.6) million, respectively, which consisted of net income (loss) of $.4 million and $(.6) million and cumulative translation adjustments of $.1 million and none, respectively.

DIVIDENDS DECLARED AND PAID

DIVIDENDS DECLARED AND PAID	3 Months Ended
	Jan. 28, 2018
DIVIDENDS DECLARED AND PAID
DIVIDENDS DECLARED AND PAID	(5)     Dividends declared and paid on a per share basis were as follows: Three Months Ended January 28 January 29 2018 2017 Dividends declared $ .60 $ .60 Dividends paid $ .60 $ .60

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Jan. 28, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	(6)     A reconciliation of basic and diluted net income (loss) per share attributable to Deere & Company follows in millions, except per share amounts: Three Months Ended January 28 January 29 2018 2017 Net income (loss) attributable to Deere & Company $ $ 199.0 Less income allocable to participating securities .1 Income (loss) allocable to common stock $ $ 198.9 Average shares outstanding 322.8 316.7 Basic per share $ $ .63 Average shares outstanding 322.8 316.7 Effect of dilutive share-based compensation 3.0 Total potential shares outstanding 322.8 319.7 Diluted per share $ $ .62 During the first quarter of 2018 and 2017, 5.3 million shares and .2 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive.

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFITS	3 Months Ended
	Jan. 28, 2018
PENSION AND POSTRETIREMENT BENEFITS
PENSION AND 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 January 28 January 29 2018 2017 Service cost $ $ Interest cost Expected return on plan assets Amortization of actuarial loss Amortization of prior service cost Net cost $ $ 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 January 28 January 29 2018 2017 Service cost $ 11 $ 10 Interest cost 48 49 Expected return on plan assets Amortization of actuarial loss 16 25 Amortization of prior service credit Net cost $ 51 $ 61 The components of net periodic pension and postretirement benefits cost excluding the service cost component are included in the line item other operating expenses in the Statement of Consolidated Income. During the first three months of 2018, the Company contributed approximately $12 million to its pension plans and $21 million to its postretirement benefit plans. The Company presently anticipates contributing an additional $56 million to its pension plans and $53 million to its postretirement benefit plans during the remainder of fiscal year 2018. These contributions primarily include payments from Company funds to make direct payments to plan participants. The Company is also evaluating additional, voluntary contributions to its U.S. pension and postretirement plans in 2018. The amount and timing of additional contributions, if any, will be at the discretion of the Company’s board of directors or a committee thereof and will be based on the Company’s liquidity and ability to make U.S. tax-deductible contributions applicable to tax year 2017.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 28, 2018
INCOME TAXES
INCOME TAXES	(8)     On December 22, 2017, the U.S. government enacted new tax legislation (tax reform). The primary provisions of tax reform expected to impact the Company in fiscal year 2018 are a reduction to the corporate income tax rate from 35 percent to 21 percent and a transition from a worldwide corporate tax system to a territorial tax system. The reduction in the corporate income tax rate requires the Company to remeasure its net deferred tax assets to the new corporate tax rate and the transition to a territorial tax system requires payment of a one-time tax on deemed repatriation of undistributed and previously untaxed non-U.S. earnings. Primarily as a result of those provisions of tax reform, the Company recorded a net provisional income tax expense of $965 million in the first quarter of 2018. The net provisional income tax expense was a charge of $1,243 million for the equipment operations and a tax benefit of $278 million for financial services. The discrete tax expense related to the remeasurement of the Company’s net deferred tax assets to the new corporate income tax rate was $715 million and the deemed earnings repatriation tax was $262 million. The discrete tax expense was partially offset by a net benefit of $12 million, primarily related to the lower income tax rate on the first quarter of 2018 income. The provisional tax expense related to the remeasurement of the net deferred tax assets is a non-cash charge. The Company currently plans to pay the deemed repatriation tax over an eight year period, as allowed by tax reform. The 21 percent corporate income tax rate is effective January 1, 2018. Based on the Company’s October fiscal year end, the U.S. statutory income tax rate for fiscal year 2018 will be approximately 23.3 percent. The first quarter 2018 tax expense is provisional as outlined below and may change. Tax reform includes expanded bonus depreciation provisions that allow for an immediate tax deduction of certain capital expenses, which could affect the Company’s 2017 U.S. taxable income. The Company completed a preliminary assessment of earnings that could be repatriated based on reinvestment needs of non-U.S. operations and earnings available for repatriation. The estimated withholding tax that would be incurred from the repatriation of those earnings is included in the first quarter of 2018 provisional income tax expense. The Company continues to analyze the provisions of tax reform addressing the net deferred tax asset remeasurement and its calculations, the deemed earnings repatriation, including the determination of undistributed non-U.S. earnings, and evaluate potential Company actions, including repatriating additional non-U.S. earnings and actions that could affect the Company’s 2017 U.S. taxable income. In addition, the Company continues to prepare its 2017 U.S. income tax returns, undergo income tax audits, and monitor potential legislative action and regulatory interpretations of tax reform. Based on the effective date of certain provisions, the Company will be subject to additional requirements of tax reform beginning in fiscal year 2019. Those provisions include a tax on global intangible low-taxed income (GILTI), a tax determined by base erosion tax benefits (BEAT) from certain payments between a U.S. corporation and foreign subsidiaries, a limitation of certain executive compensation, a deduction for foreign derived intangible income (FDII), and interest expense limitations. The Company has not completed its analysis of those provisions and the estimated impact. The Company also has not determined its accounting policy to treat the taxes due on GILTI as a period cost or include them in the determination of deferred taxes. In December 2017, the SEC issued Staff Accounting Bulletin No. 118 that allows for a measurement period up to one year after the enactment date of tax reform to complete the accounting requirements. The Company will complete the adjustments related to tax reform within the allowed period. The Company’s unrecognized tax benefits at January 28, 2018 were $405 million, compared to $221 million at October 29, 2017. The liability at January 28, 2018, October 29, 2017, and January 29, 2017 consisted of approximately $149 million, $86 million, and $77 million, respectively, which would affect the effective tax rate if the tax benefits were 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 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	3 Months Ended
	Jan. 28, 2018
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 January 28 January 29 % 2018 2017 Change Net sales and revenues: Agriculture and turf $ 4,243 $ 3,598 +18 Construction and forestry 1,731 1,100 +57 Total net sales 5,974 4,698 +27 Financial services 776 696 +11 Other revenues 163 231 -29 Total net sales and revenues $ 6,913 $ 5,625 +23 Operating profit: * Agriculture and turf $ 387 $ 218 +78 Construction and forestry 32 37 -14 Financial services 217 167 +30 Total operating profit 636 422 +51 Reconciling items ** +20 Income taxes +720 Net income (loss) attributable to Deere & Company $ $ 199 Intersegment sales and revenues: Agriculture and turf net sales $ $ +29 Construction and forestry net sales Financial services 63 49 +29 Equipment operations outside the U.S. and Canada: Net sales $ 2,509 $ 1,892 +33 Operating profit 146 76 +92 January 28 October 29 2018 2017 Identifiable assets: Agriculture and turf $ 10,272 $ 9,359 +10 Construction and forestry 9,900 3,212 +208 Financial services 42,302 42,596 -1 Corporate 4,103 10,619 -61 Total assets $ 66,577 $ 65,786 +1 *   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, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES

FINANCING RECEIVABLES	3 Months Ended
	Jan. 28, 2018
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: January 28, 2018 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 149 $ 49 $ 59 $ 257 Construction and forestry 78 38 39 155 Other: Agriculture and turf 51 20 77 Construction and forestry 16 Total $ 287 $ 112 $ 106 $ 505 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 257 $ 185 $ 17,287 $ 17,729 Construction and forestry 155 36 2,869 3,060 Other: Agriculture and turf 77 13 6,481 6,571 Construction and forestry 16 1,139 1,159 Total $ 505 $ 238 $ 27,776 28,519 Less allowance for credit losses 190 Total financing receivables – net $ 28,329 October 29, 2017 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 118 $ 54 $ 49 $ 221 Construction and forestry 75 33 39 147 Other: Agriculture and turf 27 14 7 48 Construction and forestry 11 6 2 Total $ 231 $ 107 $ 97 $ 435 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 221 $ 173 $ 17,508 $ 17,902 Construction and forestry 147 30 2,618 2,795 Other: Agriculture and turf 48 12 7,610 7,670 Construction and forestry 5 1,059 1,083 Total $ 435 $ 220 $ 28,795 29,450 Less allowance for credit losses 187 Total financing receivables – net $ 29,263 January 29, 2017 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 135 $ 71 $ 80 $ 286 Construction and forestry 70 41 28 139 Other: Agriculture and turf 44 19 5 68 Construction and forestry 9 4 4 17 Total $ 258 $ 135 $ 117 $ 510 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 286 $ 175 $ 16,878 $ 17,339 Construction and forestry 139 36 2,546 2,721 Other: Agriculture and turf 68 12 6,374 6,454 Construction and forestry 17 6 919 942 Total $ 510 $ 229 $ 26,717 27,456 Less allowance for credit losses 175 Total financing receivables – net $ 27,281 An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows: Three Months Ended January 28, 2018 Revolving Retail Charge Notes Accounts Other Total Allowance: Beginning of period balance $ $ $ $ Provision Write-offs Recoveries Translation adjustments End of period balance * $ 123 $ 40 $ 27 $ Financing receivables: End of period balance $ $ $ $ Balance individually evaluated ** $ $ $ $ Three Months Ended January 29, 2017 Revolving Retail Charge Notes Accounts Other Total Allowance: Beginning of period balance $ $ $ $ Provision (credit) Write-offs Recoveries End of period balance * $ 111 $ 41 $ 23 $ Financing receivables: End of period balance $ 20,060 $ 2,460 $ 4,936 $ Balance individually evaluated ** $ 109 $ 5 $ 18 $ *   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: Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment January 28, 2018* Receivables with specific allowance *** $ 30 $ 28 $ $ 32 Receivables without a specific allowance *** 34 33 31 Total $ 64 $ 61 $ $ 63 Agriculture and turf $ 47 $ 45 $ $ 47 Construction and forestry $ 17 $ 16 $ 16 October 29, 2017* Receivables with specific allowance ** $ 36 $ 33 $ 10 $ 30 Receivables without a specific allowance *** 28 24 Total $ 64 $ 60 $ 10 $ 54 Agriculture and turf $ 49 $ 46 $ 10 $ 38 Construction and forestry $ 15 $ 14 $ 16 January 29, 2017* Receivables with specific allowance ** $ 24 $ 22 $ $ 26 Receivables without a specific allowance *** 27 26 27 Total $ 51 $ 48 $ $ 53 Agriculture and turf $ 28 $ 27 $ $ 30 Construction and forestry $ 23 $ 21 $ $ 23 *     Finance income recognized was not material. **   Primarily retail notes. *** Primarily retail notes and wholesale receivables. 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 three months of 2018, the Company identified 102 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $5.6 million pre-modification and $5.3 million post-modification. During the first three months of 2017, there were 165 financing receivable contracts, primarily retail notes, identified as troubled debt restructurings with aggregate balances of $3.5 million pre-modification and $2.8 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At January 28, 2018, the Company had commitments to lend approximately $9 million to borrowers whose accounts were modified in troubled debt restructurings.

SECURITIZATION OF FINANCING REC

SECURITIZATION OF FINANCING RECEIVABLES	3 Months Ended
	Jan. 28, 2018
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 non-VIE banking operations, as part of its asset-backed securities programs (securitizations). The structure of these transactions is such that the transfer of the retail notes did not meet the accounting criteria for sales of receivables, and is, therefore, accounted for as a secured borrowing. SPEs utilized in securitizations of retail notes differ from other entities included in the Company’s consolidated statements because the assets they hold are legally isolated. Use of the assets held by the SPEs or the non-VIEs is restricted by terms of the documents governing the securitization transactions. In these securitizations, the retail notes are transferred to certain SPEs or to non-VIE banking operations, which in turn issue debt to investors. The debt securities issued to the third party investors resulted in secured borrowings, which 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 consolidated 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 $2,128 million, $2,631 million, and $2,213 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. The liabilities (short-term securitization borrowings and accrued interest) of these SPEs totaled $2,092 million, $2,571 million, and $2,175 million at January 28, 2018, October 29, 2017, and January 29, 2017, 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 non-VIE banking operations, which are not consolidated since the Company does not have a controlling interest in the entities. The Company’s carrying values and interests related to the securitizations with the unconsolidated non-VIEs were restricted assets (retail notes securitized, allowance for credit losses, and other assets) of $809 million, $478 million, and $491 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. The liabilities (short-term securitization borrowings and accrued interest) were $774 million, $454 million, and $468 million at January 28, 2018, October 29, 2017, and January 29, 2017, 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 interest related to these conduits were restricted assets (retail notes securitized, allowance for credit losses, and other assets) of $1,653 million, $1,155 million, and $1,655 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. The liabilities (short-term securitization borrowings and accrued interest) related to these conduits were $1,565 million, $1,096 million, and $1,580 million at January 28, 2018, October 29, 2017, and January 29, 2017, 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: January 28, 2018 Carrying value of liabilities $ 1,565 Maximum exposure to loss 1,653 The total assets of unconsolidated VIEs related to securitizations were approximately $43 billion at January 28, 2018. The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars: January 28 October 29 January 29 2018 2017 2017 Financing receivables securitized (retail notes) $ 4,487 $ 4,172 $ 4,262 Allowance for credit losses Other assets 116 105 109 Total restricted securitized assets $ 4,590 $ 4,264 $ 4,359 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: January 28 October 29 January 29 2018 2017 2017 Short-term securitization borrowings $ 4,428 $ 4,119 $ 4,220 Accrued interest on borrowings Total liabilities related to restricted securitized assets $ 4,431 $ 4,121 $ 4,223 The secured borrowings related to these restricted securitized retail notes are obligations that are payable as the retail notes are liquidated. Repayment of the secured borrowings depends primarily on cash flows generated by the restricted assets. Due to the Company’s short-term credit rating, cash collections from these restricted assets are not required to be placed into a segregated collection account until immediately prior to the time payment is required to the secured creditors. At January 28, 2018, the maximum remaining term of all securitized retail notes was approximately seven years.

INVENTORIES

INVENTORIES	3 Months Ended
	Jan. 28, 2018
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: January 28 October 29 January 29 2018 2017 2017 Raw materials and supplies $ 2,191 $ 1,688 $ 1,453 Work-in-process 924 495 564 Finished goods and parts 4,980 3,182 3,379 Total FIFO value 8,095 5,365 5,396 Less adjustment to LIFO value 1,481 1,461 1,436 Inventories $ 6,614 $ 3,904 $ 3,960

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	3 Months Ended
	Jan. 28, 2018
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 Construction and Turf and Forestry Total Goodwill at October 30, 2016 $ $ $ Translation adjustments Goodwill at January 29, 2017 $ $ $ Goodwill at October 29, 2017 $ $ $ Acquisitions * Divestitures ** Translation adjustments Goodwill at January 28, 2018 $ $ $ *    See Note 18. **   See Note 19. There were no accumulated impairment losses in the reported periods. The components of other intangible assets were as follows in millions of dollars: Useful Lives * January 28 October 29 January 29 (Years) 2018 2017 2017 Amortized intangible assets: Customer lists and relationships 16 $ 587 $ $ Technology, patents, trademarks, and other 18 1,050 Total at cost 1,637 Less accumulated amortization ** 100 Total 1,537 Unamortized intangible assets: In-process research and development 123 Other intangible assets – net $ 1,660 $ $ *    Weighted-averages **   Accumulated amortization at January 28, 2018, October 29, 2017, and January 29, 2017 for customer lists and relationships totaled $21 million, $17 million, and $13 million and technology, patents, trademarks, and other totaled $79 million, $69 million, and $59 million, respectively. The amortization of other intangible assets in the first quarter of 2018 and 2017 was $13 million and $5 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2018 – $89, 2019 – $117, 2020 – $104, 2021 – $100, and 2022 – $99.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 28, 2018
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 $471 million and $440 million at January 28, 2018 and January 29, 2017, respectively. A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows: Three Months Ended January 28 January 29 2018 2017 Beginning of period balance $ $ Payments Amortization of premiums received Accruals for warranties Premiums received Acquisitions * Foreign exchange End of period balance $ $ *    See Note 18. At January 28, 2018, the Company had approximately $402 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 January 28, 2018, the Company had accrued losses of approximately $16 million under these agreements. The maximum remaining term of the receivables guaranteed at January 28, 2018 was approximately eight years. At January 28, 2018, the Company had commitments of approximately $289 million for the construction and acquisition of property and equipment. Also, at January 28, 2018, the Company had restricted assets of $128 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 $85 million at January 28, 2018. The accrued liability for these contingencies was not material at January 28, 2018. 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, employment, patent, and trademark matters. The Company believes the reasonably possible range of losses for these unresolved legal actions would not have a material effect on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jan. 28, 2018
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(15)    Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To determine fair value, the Company uses various methods including market and income approaches. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied. Level 1 measurements consist of quoted prices in active markets for identical assets or liabilities. Level 2 measurements include significant other observable inputs such as quoted prices for similar assets or liabilities in active markets; identical assets or liabilities in inactive markets; observable inputs such as interest rates and yield curves; and other market-corroborated inputs. Level 3 measurements include significant unobservable inputs. The fair values of financial instruments that do not approximate the carrying values in millions of dollars follow: January 28, 2018 October 29, 2017 January 29, 2017 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ $ $ $ Financial services $ $ Total $ $ $ $ $ $ Financing receivables securitized – net: Equipment operations $ $ Financial services $ $ $ $ Total $ $ $ $ $ $ Short-term securitization borrowings: Equipment operations $ $ Financial services $ $ $ $ Total $ $ $ $ $ $ Long-term borrowings due within one year: Equipment operations $ $ $ $ $ $ Financial services Total $ $ $ $ $ $ Long-term borrowings: Equipment operations $ $ $ $ $ $ Financial services Total $ $ $ $ $ $ * Fair value measurements above were Level 3 for all financing receivables, Level 3 for equipment operations short-term securitization borrowings, and Level 2 for all other borrowings. Fair values of the 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: January 28 October 29 January 29 2018* 2017* 2017* Marketable securities Equity fund $ 52 $ $ Fixed income fund 14 U.S. government debt securities 75 Municipal debt securities 41 Corporate debt securities 137 International debt securities 18 Mortgage-backed securities ** 125 Total marketable securities 462 Other assets Derivatives: Interest rate contracts 94 Foreign exchange contracts 31 Cross-currency interest rate contracts Total assets *** $ 595 $ $ Accounts payable and accrued expenses Derivatives: Interest rate contracts $ 248 $ $ Foreign exchange contracts 124 Cross-currency interest rate contracts Total liabilities $ 374 $ $ *    All measurements above were Level 2 measurements except for Level 1 measurements of the equity fund of $52 million, $48 million, and $45 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively; the fixed income fund of $14 million, $15 million, and $14 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively; and U.S. government debt securities of $43 million, $44 million, and $49 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. In addition, $15 million, $17 million, and $23 million of the international debt securities were Level 3 measurements at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. There were no transfers between Level 1 and Level 2 during the first three months of 2018 or 2017. **   Primarily issued by U.S. government sponsored enterprises. *** Excluded from this table were 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 January 28, 2018 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 $ 23 $ 22 Due after one through five years 114 113 Due after five through 10 years 85 85 Due after 10 years 50 51 Mortgage-backed securities 129 125 Debt securities $ 401 $ 396 Fair value, recurring Level 3 measurements from available-for-sale marketable securities in millions of dollars follow: Three Months Ended January 28 January 29 2018 2017 Beginning of period balance $ $ Principal payments Change in unrealized gain (loss) End of period balance $ $ Fair value, nonrecurring Level 1 measurements from impairments in millions of dollars follow: Fair Value * Losses Three Months Ended January 28 October 29 January 29 January 28 January 29 2018 2017 2017 2018 2017 Investments in unconsolidated affiliates $ 28 *    See financing receivables with specific allowances in Note 10. Losses were not significant. 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, except for the Level 3 measurement international debt securities, 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. The Level 3 measurement international debt securities are primarily valued using an income approach based on discounted cash flows using yield curves derived from limited, observable market data. Derivatives – The Company’s derivative financial instruments consist of interest rate swaps and caps, foreign currency futures, 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 the collateral, which is measured using a market approach (appraisal values or realizable values). Inputs include a selection of realizable values. Investment in Unconsolidated Affiliates – Other than temporary impairments for investments are measured as the difference between the implied fair value and the carrying value of the investments. The fair value for publicly traded entities is the share price multiplied by the shares owned.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Jan. 28, 2018
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 January 28, 2018, October 29, 2017, and January 29, 2017 were $1,500 million, $1,700 million, and $1,850 million, respectively. The total notional amounts of the cross-currency interest rate contracts at January 28, 2018, October 29, 2017, and January 29, 2017 were $22 million, $22 million, and $42 million, respectively. The effective portions of the fair value gains or losses on these cash flow hedges were recorded in 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 exchange rate changes on the related borrowings. Any ineffective portions of the gains or losses on all cash flow interest rate contracts designated as cash flow 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 statement of consolidated cash flows. The amount of gain recorded in OCI at January 28, 2018 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 $6 million after-tax. These contracts mature in up to 25 months. There were no gains or losses reclassified from OCI to earnings based on the probability that the original forecasted transaction would not occur. Fair value hedges Certain interest rate contracts (swaps) were designated as fair value hedges of borrowings. The total notional amounts of the receive-fixed/pay-variable interest rate contracts at January 28, 2018, October 29, 2017, and January 29, 2017 were $9,110 million, $8,661 million, and $7,880 million, respectively. The effective portions of the fair value gains or losses on these contracts were offset by fair value gains or losses on the hedged items (fixed-rate borrowings). Any ineffective portions of the gains or losses were recognized currently in interest expense. The ineffective portions were a loss of $1 million and gain of $2 million during the first quarter of 2018 and 2017, 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 January 28 January 29 2018 2017 Interest rate contracts * $ $ Borrowings ** 147 236 *   Includes changes in fair values of interest rate contracts excluding **   Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $63 million and $65 million during the first quarter of 2018 and 2017, respectively. Derivatives not designated as hedging instruments The Company has certain interest rate contracts (swaps and caps), foreign exchange contracts (futures, 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 January 28, 2018, October 29, 2017, and January 29, 2017 were $7,225 million, $6,757 million, and $5,905 million, the foreign exchange contracts were $6,394 million, $8,499 million, and $4,060 million, and the cross-currency interest rate contracts were $85 million, $66 million, and $68 million, respectively. The increase in the total notional amounts of foreign exchange contracts at October 29, 2017 primarily relates to the Wirtgen acquisition (see Note 18). At January 28, 2018, October 29, 2017, and January 29, 2017, there were also $178 million, $253 million, and $461 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: January 28 October 29 January 29 Other Assets 2018 2017 2017 Designated as hedging instruments: Interest rate contracts $ 39 $ $ Cross-currency interest rate contracts Total designated 43 Not designated as hedging instruments: Interest rate contracts 55 Foreign exchange contracts 31 Cross-currency interest rate contracts Total not designated 90 Total derivative assets $ 133 $ $ Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 223 $ $ Total designated 223 Not designated as hedging instruments: Interest rate contracts 25 Foreign exchange contracts 124 Cross-currency interest rate contracts Total not designated 151 Total derivative liabilities $ 374 $ $ 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 OCI January 28 January 29 Classification 2018 2017 Fair Value Hedges: Interest rate contracts Interest $ $ Cash Flow Hedges : Recognized in OCI (Effective Portion): Interest rate contracts OCI (pretax) * Foreign exchange contracts OCI (pretax) * Reclassified from OCI (Effective Portion): Interest rate contracts Interest * ** ** Foreign exchange contracts Other operating * Recognized Directly in Income (Ineffective Portion) ** ** Not Designated as Hedges: Interest rate contracts Interest * $ $ Foreign exchange contracts Cost of sales Foreign exchange contracts Other operating * Total not designated $ $ *   Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. **   The amounts are 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 January 28, 2018, October 29, 2017, and January 29, 2017, was $250 million, $132 million, and $101 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 in millions of dollars follows: Gross Amounts Netting Collateral January 28, 2018 Recognized Arrangements Received Net Amount Assets $ 133 $ $ 63 Liabilities 374 304 Gross Amounts Netting Collateral October 29, 2017 Recognized Arrangements Received Net Amount Assets $ 235 $ $ 170 Liabilities 158 93 Gross Amounts Netting Collateral January 29, 2017 Recognized Arrangements Received Net Amount Assets $ 189 $ $ 143 Liabilities 170 124

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK AWARDS	3 Months Ended
	Jan. 28, 2018
STOCK OPTION AND RESTRICTED STOCK AWARDS
STOCK OPTION AND RESTRICTED STOCK AWARDS	(17)    In December 2017, the Company granted stock options to employees for the purchase of 476 thousand shares of common stock at an exercise price of $151.95 per share and a binomial lattice model fair value of $39.11 per share at the grant date. At January 28, 2018, options for 9.9 million shares were outstanding with a weighted-average exercise price of $85.41 per share. The Company also granted 390 thousand restricted stock units to employees and non-employee directors in the first three months of 2018, of which 305 thousand are subject to service based only conditions and 85 thousand are subject to performance/service based conditions. The fair value of the service based only units at the grant date was $151.93 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 $145.33 per unit based on the market price of a share of underlying common stock excluding dividends. At January 28, 2018, the Company was authorized to grant an additional 10.0 million shares related to stock option and restricted stock awards.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Jan. 28, 2018
ACQUISITIONS
ACQUISITIONS	(18)    On December 1, 2017, the Company acquired the stock and certain assets of substantially all of Wirtgen. Wirtgen, which was a privately-held international company, is the leading manufacturer worldwide of road construction equipment. Headquartered in Germany, Wirtgen has six brands across the road construction sector spanning processing, mixing, paving, compaction, and rehabilitation. Wirtgen sells products in more than 100 countries and has approximately 8,200 employees. The total cash purchase price, net of cash acquired of $197 million, was $5,130 million, a portion of which is held in escrow to secure certain indemnity obligations of Wirtgen. In addition to the cash purchase price, the Company assumed $1,724 million in liabilities, which represented substantially all of Wirtgen’s liabilities. The Company financed the acquisition and associated transaction expenses from a combination of cash and new debt financing, which consisted of medium-term notes, including €850 million issued in September 2017. The preliminary fair values assigned to the assets and liabilities of the acquired entity in millions of dollars, which is based on information as of the acquisition date and available at January 28, 2018 follows: Trade accounts and notes receivable $ Financing receivables Financing receivables securitized Other receivables Inventories Property and equipment Goodwill Other intangible assets Deferred income taxes Other assets Total assets $ Short-term borrowings $ Short-term securitization borrowings Accounts payable and accrued expenses Deferred income taxes Long-term borrowings Retirement benefits and other liabilities Total liabilities $ Noncontrolling interests $ The Company continues to review the fair value of the assets and liabilities acquired, which may be updated during the measurement period. The identifiable intangible assets’ preliminary fair values in millions of dollars and weighted-average useful lives in years follows: Weighted-Average Preliminary Customer lists and relationships 16 $ Technology, patents, trademarks, and other 19 $ The goodwill was the result of future cash flows and related fair value of Wirtgen exceeding the fair value of the identified assets and liabilities. The goodwill is not expected to be deductible for income tax purposes and is included in the construction and forestry segment. Wirtgen’s results were included in the Company’s consolidated financial statements beginning on the acquisition date. The results are incorporated using a 30-day lag period and are included in the construction and forestry segment. The net sales and revenues and loss before income taxes, which includes interest expense not included in operating profit, included in the Company’s statement of consolidated income in the first quarter of 2018 were $255 million and $98 million, respectively. The Company also recognized $50 million of acquisition related costs in the first quarter of 2018, which were recorded $23 million in selling, administrative and general expenses and $27 million in other operating expenses. The unaudited pro forma consolidated net sales and revenues and net income (loss) are prepared as if the acquisition closed at the beginning of fiscal year 2017 and follow in millions of dollars: Three Months Ended January 28 January 29 2018 2017 Net sales and revenues $ $ Net income (loss) attributable to Deere & Company $ $ The pro forma amounts have been calculated using policies consistent with the Company’s accounting policies and include the additional expense from the amortization from the allocated purchase price adjustments. The pro forma results exclude acquisition related costs incurred in both periods and assume the medium-term notes used to fund the acquisition were issued in fiscal year 2016 at the interest rate of the actual notes. In addition, the pro forma results for the quarter ended January 29, 2017 include nonrecurring pretax expenses of $162 million for the higher cost basis from the inventory fair value adjustment and $21 million for the amortization of identifiable intangible assets. Anticipated synergies or other expected benefits of the acquisition are not included in the pro forma results. As a result, the unaudited pro forma financial information may not be indicative of the results for future operations or the results if the acquisition closed at the beginning of fiscal year 2017.

DIVESTITURES

DIVESTITURES	3 Months Ended
	Jan. 28, 2018
DIVESTITURES
DIVESTITURES	(19)    In November 2017, the Company sold its construction and forestry retail locations in Florida. At the time of the sale, total assets were $93 million and liabilities were $1 million. The assets consisted of inventory of $61 million, property and equipment – net of $21 million, goodwill of $10 million, and $1 million of other assets. The liabilities consisted of $1 million of accounts payable and accrued expenses. The total proceeds from the sale will be approximately $105 million, with $50 million received in the first quarter of 2018. The remaining sales price is due based on standard payment terms of new equipment sales to independent dealers. A pretax gain of $13 million was recorded in other income in the construction and forestry segment. After the sale, the Company sells equipment, service parts, and provides other services to the purchaser as an independent dealer.

SUPPLEMENTAL CONSOLIDATING DATA

SUPPLEMENTAL CONSOLIDATING DATA	3 Months Ended
	Jan. 28, 2018
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended January 28, 2018 and January 29, 2017 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2018 2017 2018 2017 Net Sales and Revenues Net sales $ 5,973.9 $ 4,697.8 Finance and interest income 11.5 21.3 $ 777.0 $ 687.3 Other income 196.5 258.1 62.7 58.3 Total 6,181.9 4,977.2 839.7 745.6 Costs and Expenses Cost of sales 4,705.0 3,781.9 Research and development expenses 356.8 312.1 Selling, administrative and general expenses 590.5 545.4 116.2 123.3 Interest expense 96.0 66.7 194.1 148.8 Interest compensation to Financial Services 61.7 45.7 Other operating expenses 72.2 65.6 311.2 305.3 Total 5,882.2 4,817.4 621.5 577.4 Income of Consolidated Group before Income Taxes 299.7 159.8 218.2 168.2 Provision (credit) for income taxes 1,263.8 74.9 54.3 Income (Loss) of Consolidated Group 84.9 424.5 113.9 Equity in Income (Loss) of Unconsolidated Financial Services 425.3 114.4 .8 .5 Other 4.1 (.9) Total 429.4 113.5 .8 .5 Net Income (Loss) 198.4 425.3 114.4 Less: Net income (loss) attributable to noncontrolling interests .4 (.6) Net Income (Loss) Attributable to Deere & Company $ $ 199.0 $ 425.3 $ 114.4 *   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 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES January 28 October 29 January 29 January 28 October 29 January 29 2018 2017 2017 2018 2017 2017 Assets Cash and cash equivalents $ 2,617.1 $ 8,168.4 $ 2,667.9 $ 1,298.0 $ 1,166.5 $ 1,222.1 Marketable securities 17.6 20.2 29.1 444.7 431.4 416.4 Receivables from unconsolidated subsidiaries 667.7 1,032.1 2,855.8 Trade accounts and notes receivable – net 1,051.3 876.3 537.4 4,907.1 4,134.1 3,787.5 Financing receivables – net 51.6 .7 23,803.5 25,104.1 23,030.2 Financing receivables securitized – net 124.9 4,349.1 4,158.8 4,250.4 Other receivables 885.7 1,045.6 778.6 156.4 195.5 116.2 Equipment on operating leases – net 6,619.8 6,593.7 5,825.3 Inventories 6,614.2 3,904.1 3,959.6 Property and equipment – net 5,733.0 5,017.3 4,979.3 48.2 50.4 51.1 Investments in unconsolidated subsidiaries 5,285.8 4,812.3 4,658.6 15.5 13.8 12.2 Goodwill 3,111.8 1,033.3 809.2 Other intangible assets – net 1,659.5 218.0 95.5 Retirement benefits 580.2 538.1 133.7 16.2 16.9 19.8 Deferred income taxes 2,248.7 3,098.8 3,567.1 80.1 79.8 72.1 Other assets 1,118.2 973.9 847.0 563.1 651.4 654.5 Total Assets $ 31,767.3 $ 30,738.4 $ 25,919.5 $ 42,301.7 $ 42,596.4 $ 39,457.8 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 858.2 $ 375.5 $ 269.7 $ 8,885.3 $ 9,659.8 $ 7,171.9 Short-term securitization borrowings 125.8 4,302.5 4,118.7 4,220.2 Payables to unconsolidated subsidiaries 118.0 121.9 94.7 634.0 996.2 2,826.9 Accounts payable and accrued expenses 7,894.3 7,718.1 5,885.0 1,876.9 1,827.1 1,552.4 Deferred income taxes 491.2 115.6 87.4 551.6 857.7 763.2 Long-term borrowings 5,572.5 5,490.9 4,533.8 20,849.3 20,400.4 18,382.8 Retirement benefits and other liabilities 7,428.4 7,341.9 8,199.6 94.8 92.9 90.6 Total liabilities 22,488.4 21,163.9 19,070.2 37,194.4 37,952.8 35,008.0 Commitments and contingencies (Note 14) Redeemable noncontrolling interest 14.0 14.0 Stockholders’ Equity Common stock, $1 par value (issued shares at January 28, 2018 – 536,431,204) 4,374.0 4,280.5 4,079.1 2,099.1 2,099.1 2,079.1 Common stock in treasury Retained earnings 24,571.9 25,301.3 23,919.6 3,169.0 2,782.0 2,644.6 Accumulated other comprehensive income (loss) Total Deere & Company stockholders' equity 9,252.6 9,557.3 6,825.1 5,107.3 4,643.6 4,449.8 Noncontrolling interests 12.3 3.2 10.2 Total stockholders’ equity 9,264.9 9,560.5 6,835.3 5,107.3 4,643.6 4,449.8 Total Liabilities and Stockholders’ Equity $ 31,767.3 $ 30,738.4 $ 25,919.5 $ 42,301.7 $ 42,596.4 $ 39,457.8 *   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 Three Months Ended January 28, 2018 and January 29, 2017 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2018 2017 2018 2017 Cash Flows from Operating Activities Net income (loss) $ $ $ 425.3 $ Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: Provision (credit) for credit losses .8 (.2) 1.7 Provision for depreciation and amortization 232.4 261.6 Undistributed earnings of unconsolidated subsidiaries and affiliates (.8) (.5) Provision (credit) for deferred income taxes 786.4 Changes in assets and liabilities: Trade receivables 295.1 Inventories Accounts payable and accrued expenses 8.9 Accrued income taxes payable/receivable 453.1 .9 Retirement benefits 63.2 2.4 Other 65.9 Net cash provided by (used for) operating activities 430.3 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 5,601.4 Proceeds from maturities and sales of marketable securities 2.7 10.4 Proceeds from sales of equipment on operating leases 339.6 Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold 49.7 Cost of receivables acquired (excluding trade and wholesale) Acquisitions of businesses, net of cash acquired Purchases of marketable securities Purchases of property and equipment (.3) (.3) Cost of equipment on operating leases acquired Increase in trade and wholesale receivables Other 57.6 Net cash provided by (used for) investing activities 399.1 869.3 Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings 132.9 Change in intercompany receivables/payables 388.1 Proceeds from long-term borrowings 77.8 2,184.3 Payments of long-term borrowings Proceeds from issuance of common stock 143.0 Repurchases of common stock Dividends paid Other Net cash provided by (used for) financing activities 453.6 Effect of Exchange Rate Changes on Cash and Cash Equivalents 173.4 24.9 (.6) Net Increase (Decrease) in Cash and Cash Equivalents 131.5 26.8 Cash and Cash Equivalents at Beginning of Period 8,168.4 1,166.5 Cash and Cash Equivalents at End of Period $ 2,617.1 $ 2,667.9 $ 1,298.0 $ 1,222.1 *   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 ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Policies)	3 Months Ended
	Jan. 28, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
Fiscal Period, Policy	The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The first quarter ends for fiscal year 2018 and 2017 were January 28, 2018 and January 29, 2017, respectively. Both periods contained 13 weeks.
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. To determine fair value, the Company uses various methods including market and income approaches. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied.
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 IT29

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	3 Months Ended
	Jan. 28, 2018
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: Total Unrealized Unrealized Accumulated Retirement Cumulative Gain (Loss) Gain (Loss) Other Benefits Translation on on Comprehensive Adjustment Adjustment Derivatives Investments Income (Loss) Balance October 30, 2016 $ $ $ $ 11 $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income 44 43 Net current period other comprehensive income (loss) 43 21 Balance January 29, 2017 $ $ $ $ $ Balance October 29, 2017 $ $ $ $ 10 $ Other comprehensive income (loss) items before reclassification 224 234 Amounts reclassified from accumulated other comprehensive income 41 41 Net current period other comprehensive income (loss) 46 224 275 Balance January 28, 2018 $ $ $ $ 10 $
Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects	Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars: Before Tax After Tax (Expense) Tax Three Months Ended January 28, 2018 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss Net unrealized gain (loss) on derivatives Net unrealized gain (loss) on investments Retirement benefits adjustment: Pensions Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Health care and life insurance Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Net unrealized gain (loss) on retirement benefits adjustments Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail. Before Tax After Tax (Expense) Tax Three Months Ended January 29, 2017 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss to: Foreign exchange contracts – Other operating expenses Net unrealized gain (loss) on derivatives Unrealized gain (loss) on investments: Unrealized holding gain (loss) Reclassification of realized (gain) loss – Other income Net unrealized gain (loss) on investments Retirement benefits adjustment: Pensions Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Health care and life insurance Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss Prior service (credit) cost Net unrealized gain (loss) on retirement benefits adjustments Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are components of net periodic pension and postretirement costs. See Note 7 for additional detail. In the first quarter of 2018 and 2017, the noncontrolling interests’ comprehensive income (loss) was $.5 million and $(.6) million, respectively, which consisted of net income (loss) of $.4 million and $(.6) million and cumulative translation adjustments of $.1 million and none, respectively.

DIVIDENDS DECLARED AND PAID (Ta

DIVIDENDS DECLARED AND PAID (Tables)	3 Months Ended
	Jan. 28, 2018
DIVIDENDS DECLARED AND PAID
Dividends Declared and Paid	Dividends declared and paid on a per share basis were as follows: Three Months Ended January 28 January 29 2018 2017 Dividends declared $ .60 $ .60 Dividends paid $ .60 $ .60

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Jan. 28, 2018
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Net Income (Loss) Per Share	A reconciliation of basic and diluted net income (loss) per share attributable to Deere & Company follows in millions, except per share amounts: Three Months Ended January 28 January 29 2018 2017 Net income (loss) attributable to Deere & Company $ $ 199.0 Less income allocable to participating securities .1 Income (loss) allocable to common stock $ $ 198.9 Average shares outstanding 322.8 316.7 Basic per share $ $ .63 Average shares outstanding 322.8 316.7 Effect of dilutive share-based compensation 3.0 Total potential shares outstanding 322.8 319.7 Diluted per share $ $ .62

PENSION AND POSTRETIREMENT BE32

PENSION AND POSTRETIREMENT BENEFITS (Tables)	3 Months Ended
	Jan. 28, 2018
PENSION AND 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 January 28 January 29 2018 2017 Service cost $ $ Interest cost Expected return on plan assets Amortization of actuarial loss Amortization of prior service cost Net cost $ $ 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 January 28 January 29 2018 2017 Service cost $ 11 $ 10 Interest cost 48 49 Expected return on plan assets Amortization of actuarial loss 16 25 Amortization of prior service credit Net cost $ 51 $ 61

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Jan. 28, 2018
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 January 28 January 29 % 2018 2017 Change Net sales and revenues: Agriculture and turf $ 4,243 $ 3,598 +18 Construction and forestry 1,731 1,100 +57 Total net sales 5,974 4,698 +27 Financial services 776 696 +11 Other revenues 163 231 -29 Total net sales and revenues $ 6,913 $ 5,625 +23 Operating profit: * Agriculture and turf $ 387 $ 218 +78 Construction and forestry 32 37 -14 Financial services 217 167 +30 Total operating profit 636 422 +51 Reconciling items ** +20 Income taxes +720 Net income (loss) attributable to Deere & Company $ $ 199 Intersegment sales and revenues: Agriculture and turf net sales $ $ +29 Construction and forestry net sales Financial services 63 49 +29 Equipment operations outside the U.S. and Canada: Net sales $ 2,509 $ 1,892 +33 Operating profit 146 76 +92 January 28 October 29 2018 2017 Identifiable assets: Agriculture and turf $ 10,272 $ 9,359 +10 Construction and forestry 9,900 3,212 +208 Financial services 42,302 42,596 -1 Corporate 4,103 10,619 -61 Total assets $ 66,577 $ 65,786 +1 *   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, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	3 Months Ended
	Jan. 28, 2018
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: January 28, 2018 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 149 $ 49 $ 59 $ 257 Construction and forestry 78 38 39 155 Other: Agriculture and turf 51 20 77 Construction and forestry 16 Total $ 287 $ 112 $ 106 $ 505 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 257 $ 185 $ 17,287 $ 17,729 Construction and forestry 155 36 2,869 3,060 Other: Agriculture and turf 77 13 6,481 6,571 Construction and forestry 16 1,139 1,159 Total $ 505 $ 238 $ 27,776 28,519 Less allowance for credit losses 190 Total financing receivables – net $ 28,329 October 29, 2017 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 118 $ 54 $ 49 $ 221 Construction and forestry 75 33 39 147 Other: Agriculture and turf 27 14 7 48 Construction and forestry 11 6 2 Total $ 231 $ 107 $ 97 $ 435 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 221 $ 173 $ 17,508 $ 17,902 Construction and forestry 147 30 2,618 2,795 Other: Agriculture and turf 48 12 7,610 7,670 Construction and forestry 5 1,059 1,083 Total $ 435 $ 220 $ 28,795 29,450 Less allowance for credit losses 187 Total financing receivables – net $ 29,263 January 29, 2017 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 135 $ 71 $ 80 $ 286 Construction and forestry 70 41 28 139 Other: Agriculture and turf 44 19 5 68 Construction and forestry 9 4 4 17 Total $ 258 $ 135 $ 117 $ 510 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 286 $ 175 $ 16,878 $ 17,339 Construction and forestry 139 36 2,546 2,721 Other: Agriculture and turf 68 12 6,374 6,454 Construction and forestry 17 6 919 942 Total $ 510 $ 229 $ 26,717 27,456 Less allowance for credit losses 175 Total financing receivables – net $ 27,281
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 January 28, 2018 Revolving Retail Charge Notes Accounts Other Total Allowance: Beginning of period balance $ $ $ $ Provision Write-offs Recoveries Translation adjustments End of period balance * $ 123 $ 40 $ 27 $ Financing receivables: End of period balance $ $ $ $ Balance individually evaluated ** $ $ $ $ Three Months Ended January 29, 2017 Revolving Retail Charge Notes Accounts Other Total Allowance: Beginning of period balance $ $ $ $ Provision (credit) Write-offs Recoveries End of period balance * $ 111 $ 41 $ 23 $ Financing receivables: End of period balance $ 20,060 $ 2,460 $ 4,936 $ Balance individually evaluated ** $ 109 $ 5 $ 18 $ *   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: Unpaid Average Recorded Principal Specific Recorded Investment Balance Allowance Investment January 28, 2018* Receivables with specific allowance *** $ 30 $ 28 $ $ 32 Receivables without a specific allowance *** 34 33 31 Total $ 64 $ 61 $ $ 63 Agriculture and turf $ 47 $ 45 $ $ 47 Construction and forestry $ 17 $ 16 $ 16 October 29, 2017* Receivables with specific allowance ** $ 36 $ 33 $ 10 $ 30 Receivables without a specific allowance *** 28 24 Total $ 64 $ 60 $ 10 $ 54 Agriculture and turf $ 49 $ 46 $ 10 $ 38 Construction and forestry $ 15 $ 14 $ 16 January 29, 2017* Receivables with specific allowance ** $ 24 $ 22 $ $ 26 Receivables without a specific allowance *** 27 26 27 Total $ 51 $ 48 $ $ 53 Agriculture and turf $ 28 $ 27 $ $ 30 Construction and forestry $ 23 $ 21 $ $ 23 *     Finance income recognized was not material. **   Primarily retail notes. *** Primarily retail notes and wholesale receivables.

SECURITIZATION OF FINANCING R35

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	3 Months Ended
	Jan. 28, 2018
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: January 28, 2018 Carrying value of liabilities $ 1,565 Maximum exposure to loss 1,653
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: January 28 October 29 January 29 2018 2017 2017 Financing receivables securitized (retail notes) $ 4,487 $ 4,172 $ 4,262 Allowance for credit losses Other assets 116 105 109 Total restricted securitized assets $ 4,590 $ 4,264 $ 4,359 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: January 28 October 29 January 29 2018 2017 2017 Short-term securitization borrowings $ 4,428 $ 4,119 $ 4,220 Accrued interest on borrowings Total liabilities related to restricted securitized assets $ 4,431 $ 4,121 $ 4,223

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Jan. 28, 2018
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: January 28 October 29 January 29 2018 2017 2017 Raw materials and supplies $ 2,191 $ 1,688 $ 1,453 Work-in-process 924 495 564 Finished goods and parts 4,980 3,182 3,379 Total FIFO value 8,095 5,365 5,396 Less adjustment to LIFO value 1,481 1,461 1,436 Inventories $ 6,614 $ 3,904 $ 3,960

GOODWILL AND OTHER INTANGIBLE37

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	3 Months Ended
	Jan. 28, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
Changes in Goodwill by Operating Segments	The changes in amounts of goodwill by operating segments were as follows in millions of dollars: Agriculture Construction and Turf and Forestry Total Goodwill at October 30, 2016 $ $ $ Translation adjustments Goodwill at January 29, 2017 $ $ $ Goodwill at October 29, 2017 $ $ $ Acquisitions * Divestitures ** Translation adjustments Goodwill at January 28, 2018 $ $ $ *    See Note 18. **   See Note 19. There were no accumulated impairment losses in the reported periods.
Components of Other Intangible Assets	The components of other intangible assets were as follows in millions of dollars: Useful Lives * January 28 October 29 January 29 (Years) 2018 2017 2017 Amortized intangible assets: Customer lists and relationships 16 $ 587 $ $ Technology, patents, trademarks, and other 18 1,050 Total at cost 1,637 Less accumulated amortization ** 100 Total 1,537 Unamortized intangible assets: In-process research and development 123 Other intangible assets – net $ 1,660 $ $ *    Weighted-averages **   Accumulated amortization at January 28, 2018, October 29, 2017, and January 29, 2017 for customer lists and relationships totaled $21 million, $17 million, and $13 million and technology, patents, trademarks, and other totaled $79 million, $69 million, and $59 million, respectively.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jan. 28, 2018
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 January 28 January 29 2018 2017 Beginning of period balance $ $ Payments Amortization of premiums received Accruals for warranties Premiums received Acquisitions * Foreign exchange End of period balance $ $ *    See Note 18.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jan. 28, 2018
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: January 28, 2018 October 29, 2017 January 29, 2017 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ $ $ $ Financial services $ $ Total $ $ $ $ $ $ Financing receivables securitized – net: Equipment operations $ $ Financial services $ $ $ $ Total $ $ $ $ $ $ Short-term securitization borrowings: Equipment operations $ $ Financial services $ $ $ $ Total $ $ $ $ $ $ Long-term borrowings due within one year: Equipment operations $ $ $ $ $ $ Financial services Total $ $ $ $ $ $ Long-term borrowings: Equipment operations $ $ $ $ $ $ Financial services Total $ $ $ $ $ $ * Fair value measurements above were Level 3 for all financing receivables, Level 3 for equipment operations short-term securitization borrowings, and Level 2 for all other 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: January 28 October 29 January 29 2018* 2017* 2017* Marketable securities Equity fund $ 52 $ $ Fixed income fund 14 U.S. government debt securities 75 Municipal debt securities 41 Corporate debt securities 137 International debt securities 18 Mortgage-backed securities ** 125 Total marketable securities 462 Other assets Derivatives: Interest rate contracts 94 Foreign exchange contracts 31 Cross-currency interest rate contracts Total assets *** $ 595 $ $ Accounts payable and accrued expenses Derivatives: Interest rate contracts $ 248 $ $ Foreign exchange contracts 124 Cross-currency interest rate contracts Total liabilities $ 374 $ $ *    All measurements above were Level 2 measurements except for Level 1 measurements of the equity fund of $52 million, $48 million, and $45 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively; the fixed income fund of $14 million, $15 million, and $14 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively; and U.S. government debt securities of $43 million, $44 million, and $49 million at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. In addition, $15 million, $17 million, and $23 million of the international debt securities were Level 3 measurements at January 28, 2018, October 29, 2017, and January 29, 2017, respectively. There were no transfers between Level 1 and Level 2 during the first three months of 2018 or 2017. **   Primarily issued by U.S. government sponsored enterprises. *** Excluded from this table were 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 January 28, 2018 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 $ 23 $ 22 Due after one through five years 114 113 Due after five through 10 years 85 85 Due after 10 years 50 51 Mortgage-backed securities 129 125 Debt securities $ 401 $ 396
Fair Value, Recurring, Level 3 Measurements	Fair value, recurring Level 3 measurements from available-for-sale marketable securities in millions of dollars follow: Three Months Ended January 28 January 29 2018 2017 Beginning of period balance $ $ Principal payments Change in unrealized gain (loss) End of period balance $ $
Fair Value, Nonrecurring, Level 1 Measurements	Fair value, nonrecurring Level 1 measurements from impairments in millions of dollars follow: Fair Value * Losses Three Months Ended January 28 October 29 January 29 January 28 January 29 2018 2017 2017 2018 2017 Investments in unconsolidated affiliates $ 28 *    See financing receivables with specific allowances in Note 10. Losses were not significant.

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Jan. 28, 2018
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 January 28 January 29 2018 2017 Interest rate contracts * $ $ Borrowings ** 147 236 *   Includes changes in fair values of interest rate contracts excluding **   Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $63 million and $65 million during the first quarter of 2018 and 2017, 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: January 28 October 29 January 29 Other Assets 2018 2017 2017 Designated as hedging instruments: Interest rate contracts $ 39 $ $ Cross-currency interest rate contracts Total designated 43 Not designated as hedging instruments: Interest rate contracts 55 Foreign exchange contracts 31 Cross-currency interest rate contracts Total not designated 90 Total derivative assets $ 133 $ $ Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 223 $ $ Total designated 223 Not designated as hedging instruments: Interest rate contracts 25 Foreign exchange contracts 124 Cross-currency interest rate contracts Total not designated 151 Total derivative liabilities $ 374 $ $
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 OCI January 28 January 29 Classification 2018 2017 Fair Value Hedges: Interest rate contracts Interest $ $ Cash Flow Hedges : Recognized in OCI (Effective Portion): Interest rate contracts OCI (pretax) * Foreign exchange contracts OCI (pretax) * Reclassified from OCI (Effective Portion): Interest rate contracts Interest * ** ** Foreign exchange contracts Other operating * Recognized Directly in Income (Ineffective Portion) ** ** Not Designated as Hedges: Interest rate contracts Interest * $ $ Foreign exchange contracts Cost of sales Foreign exchange contracts Other operating * Total not designated $ $ *   Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. **   The amounts are not significant.
Impact on Derivative Assets and Liabilities 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 in millions of dollars follows: Gross Amounts Netting Collateral January 28, 2018 Recognized Arrangements Received Net Amount Assets $ 133 $ $ 63 Liabilities 374 304 Gross Amounts Netting Collateral October 29, 2017 Recognized Arrangements Received Net Amount Assets $ 235 $ $ 170 Liabilities 158 93 Gross Amounts Netting Collateral January 29, 2017 Recognized Arrangements Received Net Amount Assets $ 189 $ $ 143 Liabilities 170 124

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Jan. 28, 2018
ACQUISITIONS
Preliminary Fair Values Assigned to the Assets and Liabilities Related to the Acquired Entity	The preliminary fair values assigned to the assets and liabilities of the acquired entity in millions of dollars, which is based on information as of the acquisition date and available at January 28, 2018 follows: Trade accounts and notes receivable $ Financing receivables Financing receivables securitized Other receivables Inventories Property and equipment Goodwill Other intangible assets Deferred income taxes Other assets Total assets $ Short-term borrowings $ Short-term securitization borrowings Accounts payable and accrued expenses Deferred income taxes Long-term borrowings Retirement benefits and other liabilities Total liabilities $ Noncontrolling interests $
Preliminary Fair Values and Weighted-Average Useful Lives of Identifiable Intangible Assets	The identifiable intangible assets’ preliminary fair values in millions of dollars and weighted-average useful lives in years follows: Weighted-Average Preliminary Customer lists and relationships 16 $ Technology, patents, trademarks, and other 19 $
Unaudited Pro Forma Consolidated Net Sales and Revenues and Net Income (Loss)	The unaudited pro forma consolidated net sales and revenues and net income (loss) are prepared as if the acquisition closed at the beginning of fiscal year 2017 and follow in millions of dollars: Three Months Ended January 28 January 29 2018 2017 Net sales and revenues $ $ Net income (loss) attributable to Deere & Company $ $

SUPPLEMENTAL CONSOLIDATING DA42

SUPPLEMENTAL CONSOLIDATING DATA (Tables)	3 Months Ended
	Jan. 28, 2018
SUPPLEMENTAL CONSOLIDATING DATA
Supplemental Consolidating Data Income Statement	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended January 28, 2018 and January 29, 2017 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2018 2017 2018 2017 Net Sales and Revenues Net sales $ 5,973.9 $ 4,697.8 Finance and interest income 11.5 21.3 $ 777.0 $ 687.3 Other income 196.5 258.1 62.7 58.3 Total 6,181.9 4,977.2 839.7 745.6 Costs and Expenses Cost of sales 4,705.0 3,781.9 Research and development expenses 356.8 312.1 Selling, administrative and general expenses 590.5 545.4 116.2 123.3 Interest expense 96.0 66.7 194.1 148.8 Interest compensation to Financial Services 61.7 45.7 Other operating expenses 72.2 65.6 311.2 305.3 Total 5,882.2 4,817.4 621.5 577.4 Income of Consolidated Group before Income Taxes 299.7 159.8 218.2 168.2 Provision (credit) for income taxes 1,263.8 74.9 54.3 Income (Loss) of Consolidated Group 84.9 424.5 113.9 Equity in Income (Loss) of Unconsolidated Financial Services 425.3 114.4 .8 .5 Other 4.1 (.9) Total 429.4 113.5 .8 .5 Net Income (Loss) 198.4 425.3 114.4 Less: Net income (loss) attributable to noncontrolling interests .4 (.6) Net Income (Loss) Attributable to Deere & Company $ $ 199.0 $ 425.3 $ 114.4 *   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 (Continued) CONDENSED BALANCE SHEET (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES January 28 October 29 January 29 January 28 October 29 January 29 2018 2017 2017 2018 2017 2017 Assets Cash and cash equivalents $ 2,617.1 $ 8,168.4 $ 2,667.9 $ 1,298.0 $ 1,166.5 $ 1,222.1 Marketable securities 17.6 20.2 29.1 444.7 431.4 416.4 Receivables from unconsolidated subsidiaries 667.7 1,032.1 2,855.8 Trade accounts and notes receivable – net 1,051.3 876.3 537.4 4,907.1 4,134.1 3,787.5 Financing receivables – net 51.6 .7 23,803.5 25,104.1 23,030.2 Financing receivables securitized – net 124.9 4,349.1 4,158.8 4,250.4 Other receivables 885.7 1,045.6 778.6 156.4 195.5 116.2 Equipment on operating leases – net 6,619.8 6,593.7 5,825.3 Inventories 6,614.2 3,904.1 3,959.6 Property and equipment – net 5,733.0 5,017.3 4,979.3 48.2 50.4 51.1 Investments in unconsolidated subsidiaries 5,285.8 4,812.3 4,658.6 15.5 13.8 12.2 Goodwill 3,111.8 1,033.3 809.2 Other intangible assets – net 1,659.5 218.0 95.5 Retirement benefits 580.2 538.1 133.7 16.2 16.9 19.8 Deferred income taxes 2,248.7 3,098.8 3,567.1 80.1 79.8 72.1 Other assets 1,118.2 973.9 847.0 563.1 651.4 654.5 Total Assets $ 31,767.3 $ 30,738.4 $ 25,919.5 $ 42,301.7 $ 42,596.4 $ 39,457.8 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 858.2 $ 375.5 $ 269.7 $ 8,885.3 $ 9,659.8 $ 7,171.9 Short-term securitization borrowings 125.8 4,302.5 4,118.7 4,220.2 Payables to unconsolidated subsidiaries 118.0 121.9 94.7 634.0 996.2 2,826.9 Accounts payable and accrued expenses 7,894.3 7,718.1 5,885.0 1,876.9 1,827.1 1,552.4 Deferred income taxes 491.2 115.6 87.4 551.6 857.7 763.2 Long-term borrowings 5,572.5 5,490.9 4,533.8 20,849.3 20,400.4 18,382.8 Retirement benefits and other liabilities 7,428.4 7,341.9 8,199.6 94.8 92.9 90.6 Total liabilities 22,488.4 21,163.9 19,070.2 37,194.4 37,952.8 35,008.0 Commitments and contingencies (Note 14) Redeemable noncontrolling interest 14.0 14.0 Stockholders’ Equity Common stock, $1 par value (issued shares at January 28, 2018 – 536,431,204) 4,374.0 4,280.5 4,079.1 2,099.1 2,099.1 2,079.1 Common stock in treasury Retained earnings 24,571.9 25,301.3 23,919.6 3,169.0 2,782.0 2,644.6 Accumulated other comprehensive income (loss) Total Deere & Company stockholders' equity 9,252.6 9,557.3 6,825.1 5,107.3 4,643.6 4,449.8 Noncontrolling interests 12.3 3.2 10.2 Total stockholders’ equity 9,264.9 9,560.5 6,835.3 5,107.3 4,643.6 4,449.8 Total Liabilities and Stockholders’ Equity $ 31,767.3 $ 30,738.4 $ 25,919.5 $ 42,301.7 $ 42,596.4 $ 39,457.8 *   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 (Continued) STATEMENT OF CASH FLOWS For the Three Months Ended January 28, 2018 and January 29, 2017 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2018 2017 2018 2017 Cash Flows from Operating Activities Net income (loss) $ $ $ 425.3 $ Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: Provision (credit) for credit losses .8 (.2) 1.7 Provision for depreciation and amortization 232.4 261.6 Undistributed earnings of unconsolidated subsidiaries and affiliates (.8) (.5) Provision (credit) for deferred income taxes 786.4 Changes in assets and liabilities: Trade receivables 295.1 Inventories Accounts payable and accrued expenses 8.9 Accrued income taxes payable/receivable 453.1 .9 Retirement benefits 63.2 2.4 Other 65.9 Net cash provided by (used for) operating activities 430.3 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 5,601.4 Proceeds from maturities and sales of marketable securities 2.7 10.4 Proceeds from sales of equipment on operating leases 339.6 Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold 49.7 Cost of receivables acquired (excluding trade and wholesale) Acquisitions of businesses, net of cash acquired Purchases of marketable securities Purchases of property and equipment (.3) (.3) Cost of equipment on operating leases acquired Increase in trade and wholesale receivables Other 57.6 Net cash provided by (used for) investing activities 399.1 869.3 Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings 132.9 Change in intercompany receivables/payables 388.1 Proceeds from long-term borrowings 77.8 2,184.3 Payments of long-term borrowings Proceeds from issuance of common stock 143.0 Repurchases of common stock Dividends paid Other Net cash provided by (used for) financing activities 453.6 Effect of Exchange Rate Changes on Cash and Cash Equivalents 173.4 24.9 (.6) Net Increase (Decrease) in Cash and Cash Equivalents 131.5 26.8 Cash and Cash Equivalents at Beginning of Period 8,168.4 1,166.5 Cash and Cash Equivalents at End of Period $ 2,617.1 $ 2,667.9 $ 1,298.0 $ 1,222.1 *   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 ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
Transfer of inventory to equipment on operating leases	$ 139	$ 119
Accounts payable related to purchases of property and equipment	$ 27	$ 29

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
New accounting standards adopted
Operating profit (loss)	$ 636	$ 422
Cost of sales	4,704.5	3,781.5
Research and development expenses	356.8	312.1
Selling, administrative and general expenses	705	667.3
Other operating expenses	343	328.2
Net income (loss) attributable to Deere & Company	(535.1)	199
Cash flow provided by operating activities	(1,296.8)	(736.7)
ASU 2017-07 | Early Adoption
New accounting standards adopted
Operating profit (loss)	$ 8	7
ASU 2017-07 | Early Adoption | Restatement Adjustment
New accounting standards adopted
Cost of sales		(16)
Research and development expenses		1
Selling, administrative and general expenses		8
Other operating expenses		7
ASU 2016-09 | Early Adoption | Restatement Adjustment
New accounting standards adopted
Net income (loss) attributable to Deere & Company		5
Cash flow provided by operating activities		$ 5

OTHER COMPREHENSIVE INCOME IT45

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Changes (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Accumulated other comprehensive income (loss)
Balance	$ 9,560.5	$ 6,530.8
Net current period other comprehensive income (loss)	274.8	21.5
Balance	9,264.9	6,835.3
Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Balance	(4,564)	(5,626)
Other comprehensive income (loss) items before reclassification	234	(22)
Amounts reclassified from accumulated other comprehensive income (loss)	41	43
Net current period other comprehensive income (loss)	275	21
Balance	(4,289)	(5,605)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Balance	(3,580)	(4,409)
Other comprehensive income (loss) items before reclassification	5	(1)
Amounts reclassified from accumulated other comprehensive income (loss)	41	44
Net current period other comprehensive income (loss)	46	43
Balance	(3,534)	(4,366)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Balance	(999)	(1,229)
Other comprehensive income (loss) items before reclassification	224	(18)
Net current period other comprehensive income (loss)	224	(18)
Balance	(775)	(1,247)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Balance	5	1
Other comprehensive income (loss) items before reclassification	5	2
Net current period other comprehensive income (loss)	5	2
Balance	10	3
Unrealized Gain (Loss) on Investments
Accumulated other comprehensive income (loss)
Balance	10	11
Other comprehensive income (loss) items before reclassification		(5)
Amounts reclassified from accumulated other comprehensive income (loss)		(1)
Net current period other comprehensive income (loss)		(6)
Balance	$ 10	$ 5

OTHER COMPREHENSIVE INCOME IT46

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (286.3)	$ (208.1)
Other operating expenses	(343)	(328.2)
Other income	216.7	271.9
Total other comprehensive income (loss), before tax	301	44
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(26)	(23)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	274.8	21.5
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	225	(19)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(1)	1
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	224	(18)
Other Comprehensive Income (Loss), Net of Income Taxes	224	(18)
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	8	4
Total other comprehensive income (loss), before tax	8	3
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(3)	(2)
Total other comprehensive income (loss), tax (expense) credit	(3)	(1)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	5	2
Other Comprehensive Income (Loss), Net of Income Taxes	5	2
Unrealized Gain (Loss) on Derivatives | Foreign Exchange Contracts | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses		(1)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit		1
Unrealized Gain (Loss) on Investments
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax		(7)
Total other comprehensive income (loss), before tax		(8)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit		2
Total other comprehensive income (loss), tax (expense) credit		2
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax		(5)
Reclassification from accumulated other comprehensive income, after tax		(1)
Other Comprehensive Income (Loss), Net of Income Taxes		(6)
Unrealized Gain (Loss) on Investments | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other income		(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax		(1)
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	68	68
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(22)	(25)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	5	(1)
Reclassification from accumulated other comprehensive income, after tax	41	44
Other Comprehensive Income (Loss), Net of Income Taxes	46	43
Retirement Benefits Adjustment | Pensions
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	7	(1)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(2)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	5	(1)
Actuarial (Gain) Loss | Reclassification out of Accumulated Other Comprehensive Income (Loss) | Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	61	60
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(20)	(22)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	41	38
Actuarial (Gain) Loss | Reclassification out of Accumulated Other Comprehensive Income (Loss) | Health Care and Life Insurance
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	16	25
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(5)	(9)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	11	16
Prior Service (Credit) Cost | Reclassification out of Accumulated Other Comprehensive Income (Loss) | Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	3	3
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	2	2
Prior Service (Credit) Cost | Reclassification out of Accumulated Other Comprehensive Income (Loss) | Health Care and Life Insurance
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(19)	(19)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	6	7
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	$ (13)	$ (12)

OTHER COMPREHENSIVE INCOME IT47

OTHER COMPREHENSIVE INCOME ITEMS - Noncontrolling Interests' (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests	$ 0.5	$ (0.6)
Net income (loss) attributable to noncontrolling interests	0.4	(0.6)
Cumulative translation adjustments attributable to noncontrolling interests	$ 0.1	$ 0

DIVIDENDS DECLARED AND PAID (De

DIVIDENDS DECLARED AND PAID (Details) - $ / shares	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
DIVIDENDS DECLARED AND PAID
Dividends declared (in dollars per share)	$ 0.60	$ 0.60
Dividends paid (in dollars per share)	$ 0.60	$ 0.60

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
EARNINGS PER SHARE
Net income (loss) attributable to Deere & Company	$ (535.1)	$ 199
Less income allocable to participating securities (in dollars)		0.1
Income (loss) allocable to common stock (in dollars)	$ (535.1)	$ 198.9
Average shares outstanding	322.8	316.7
Basic (in dollars per share)	$ (1.66)	$ 0.63
Diluted Earnings Per Share
Average shares outstanding	322.8	316.7
Effect of dilutive share-based compensation (in shares)		3
Total potential shares outstanding	322.8	319.7
Diluted (in dollars per share)	$ (1.66)	$ 0.62
Antidilutive incremental shares excluded from computation of earnings per share	5.3	0.2

PENSION AND POSTRETIREMENT BE50

PENSION AND POSTRETIREMENT BENEFITS - Components of Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Pensions
Net Periodic Cost
Service cost	$ 72	$ 68
Interest cost	98	90
Expected return on plan assets	(194)	(197)
Amortization of actuarial (gain) loss	61	60
Amortization of prior service (credit) cost	3	3
Net cost	40	24
Defined benefit plan employer contributions	12
Defined benefit plan employer contributions expected for the remainder of the fiscal year	56
Health Care and Life Insurance
Net Periodic Cost
Service cost	11	10
Interest cost	48	49
Expected return on plan assets	(5)	(4)
Amortization of actuarial (gain) loss	16	25
Amortization of prior service (credit) cost	(19)	(19)
Net cost	51	$ 61
Defined benefit plan employer contributions	21
Defined benefit plan employer contributions expected for the remainder of the fiscal year	$ 53

INCOME TAXES - Tax Reform (Deta

INCOME TAXES - Tax Reform (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 28, 2018	Jan. 28, 2018	Oct. 28, 2018	Dec. 31, 2017
U.S. Tax Reform
Corporate federal statutory tax rate (as a percent)	21.00%			35.00%
Net provisional income tax expense (benefit)		$ 965
Discrete tax expense related to the remeasurement of net deferred tax assets		715
Deemed earnings repatriation tax		262
Net tax expense (benefit) related to lower income tax rate		$ (12)
Deemed repatriation tax payment period		8 years
Forecasted
U.S. Tax Reform
Corporate federal statutory tax rate (as a percent)			23.30%
Equipment Operations
U.S. Tax Reform
Net provisional income tax expense (benefit)		$ 1,243
Financial Services
U.S. Tax Reform
Net provisional income tax expense (benefit)		$ (278)

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
UNRECOGNIZED TAX BENEFITS
Unrecognized tax benefits	$ 405	$ 221
Unrecognized tax benefits affecting effective tax rate if recognized	$ 149	$ 86	$ 77

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017	Oct. 29, 2017
Net Sales and Revenues
Total net sales	$ 5,973.9	$ 4,697.8
% Change - Net sales	27.00%
Total net sales and revenues	$ 6,913.5	5,625.2
% Change - Net sales and revenues	23.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 636	422
% Change - Operating profit (loss)	51.00%
Net income (loss) attributable to Deere & Company	$ (535.1)	199
Identifiable Assets
Total Assets	$ 66,577.5	56,296.2	$ 65,786.3
% Change - Identifiable assets	1.00%
Operating Segments (Other)
Reconciling items	$ (113)	(94)
% Change - Reconciling items	20.00%
Income taxes	$ (1,057.5)	(129.2)
% Change - Income taxes	720.00%
Equipment Operations
Net Sales and Revenues
Total net sales	$ 5,973.9	4,697.8
Total net sales and revenues	6,181.9	4,977.2
Operating Profit (Loss)
Net income (loss) attributable to Deere & Company	(535.1)	199
Identifiable Assets
Total Assets	31,767.3	25,919.5	30,738.4
Operating Segments (Other)
Income taxes	(1,263.8)	(74.9)
Equipment Operations | Outside U.S. and Canada:
Net Sales and Revenues
Total net sales	$ 2,509	1,892
% Change - Net sales	33.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 146	76
% Change - Operating profit (loss)	92.00%
Corporate
Identifiable Assets
Total Assets	$ 4,103		10,619
% Change - Identifiable assets	(61.00%)
Other Revenues
Net Sales and Revenues
Total net sales and revenues	$ 163	231
% Change - Net sales and revenues	(29.00%)
Agriculture and Turf
Net Sales and Revenues
Total net sales	$ 4,243	3,598
% Change - Net sales	18.00%
Intersegment sales and revenues	$ 9	7
% Change - Intersegment sales and revenues	29.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 387	218
% Change - Operating profit (loss)	78.00%
Identifiable Assets
Total Assets	$ 10,272		9,359
% Change - Identifiable assets	10.00%
Construction and Forestry
Net Sales and Revenues
Total net sales	$ 1,731	1,100
% Change - Net sales	57.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 32	37
% Change - Operating profit (loss)	(14.00%)
Identifiable Assets
Total Assets	$ 9,900		3,212
% Change - Identifiable assets	208.00%
Financial Services
Net Sales and Revenues
Total net sales and revenues	$ 776	696
% Change - Net sales and revenues	11.00%
Intersegment sales and revenues	$ 63	49
% Change - Intersegment sales and revenues	29.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 217	$ 167
% Change - Operating profit (loss)	30.00%
Identifiable Assets
Total Assets	$ 42,302		$ 42,596
% Change - Identifiable assets	(1.00%)

FINANCING RECEIVABLES - Past Du

FINANCING RECEIVABLES - Past Due Age Analysis (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017	Oct. 30, 2016
Financing Receivable, Past Due
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 ceased 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	$ 505	$ 435	$ 510
Total Non-Performing	238	220	229
Current	27,776	28,795	26,717
Total Financing Receivables	28,519	29,450	27,456
Less allowance for credit losses	190	187	175	$ 176
Total financing receivables - net	28,329	29,263	27,281
30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	287	231	258
60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	112	107	135
90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	106	97	117
Retail Notes
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Financing Receivables	20,789		20,060
Less allowance for credit losses	123	121	111	$ 113
Retail Notes | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	257	221	286
Total Non-Performing	185	173	175
Current	17,287	17,508	16,878
Total Financing Receivables	17,729	17,902	17,339
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	149	118	135
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	49	54	71
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	59	49	80
Retail Notes | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	155	147	139
Total Non-Performing	36	30	36
Current	2,869	2,618	2,546
Total Financing Receivables	3,060	2,795	2,721
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	78	75	70
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	38	33	41
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	39	39	28
Other Financing Receivables | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	77	48	68
Total Non-Performing	13	12	12
Current	6,481	7,610	6,374
Total Financing Receivables	6,571	7,670	6,454
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	51	27	44
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	20	14	19
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	6	7	5
Other Financing Receivables | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	16	19	17
Total Non-Performing	4	5	6
Current	1,139	1,059	919
Total Financing Receivables	1,159	1,083	942
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	9	11	9
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	5	6	4
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	$ 2	$ 4

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017	Oct. 29, 2017
Allowance:
Beginning of period balance	$ 187	$ 176
Provision (credit)	2	7
Write-offs	(13)	(16)
Recoveries	11	8
Translation adjustments	3
End of period balance	190	175
Financing receivables:
End of period balance	28,519	27,456	$ 29,450
Balance individually evaluated	119	132
Retail Notes
Allowance:
Beginning of period balance	121	113
Provision (credit)		8
Write-offs	(7)	(12)
Recoveries	6	2
Translation adjustments	3
End of period balance	123	111
Financing receivables:
End of period balance	20,789	20,060
Balance individually evaluated	101	109
Revolving Charge Accounts
Allowance:
Beginning of period balance	40	40
Provision (credit)		(2)
Write-offs	(5)	(3)
Recoveries	5	6
End of period balance	40	41
Financing receivables:
End of period balance	2,652	2,460
Balance individually evaluated	2	5
Other Financing Receivables
Allowance:
Beginning of period balance	26	23
Provision (credit)	2	1
Write-offs	(1)	(1)
End of period balance	27	23
Financing receivables:
End of period balance	5,078	4,936
Balance individually evaluated	$ 16	$ 18

FINANCING RECEIVABLES - Impaire

FINANCING RECEIVABLES - Impaired (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jan. 28, 2018	Jan. 29, 2017	Oct. 29, 2017
Analysis of Impaired Financing Receivables
Recorded investment, with specific allowance	$ 30	$ 24	$ 36
Recorded investment, without specific allowance	34	27	28
Recorded Investment	64	51	64
Unpaid principal balance, with specific allowance	28	22	33
Unpaid principal balance, without specific allowance	33	26	27
Unpaid Principal Balance	61	48	60
Specific Allowance	9	7	10
Average recorded investment, with specific allowance	32	26	30
Average recorded investment, without specific allowance	31	27	24
Average Recorded Investment	63	53	54
Agriculture and Turf
Analysis of Impaired Financing Receivables
Recorded Investment	47	28	49
Unpaid Principal Balance	45	27	46
Specific Allowance	9	6	10
Average Recorded Investment	47	30	38
Construction and Forestry
Analysis of Impaired Financing Receivables
Recorded Investment	17	23	15
Unpaid Principal Balance	16	21	14
Specific Allowance		1
Average Recorded Investment	$ 16	$ 23	$ 16

FINANCING RECEIVABLES - Trouble

FINANCING RECEIVABLES - Troubled Debt Restructuring (Details) $ in Millions	3 Months Ended
	Jan. 28, 2018USD ($)item	Jan. 29, 2017USD ($)item
Financing Receivables Related to Troubled Debt Restructurings
Financing receivable contracts in troubled debt restructuring, number | item	102	165
Financing receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 5.6	$ 3.5
Financing receivables in troubled debt restructurings, aggregate balances, post-modification	5.3	$ 2.8
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 9

SECURITIZATION OF FINANCING R58

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	$ 1,565
Unconsolidated conduits, maximum exposure to loss	1,653
Financing receivables securitized (retail notes)	4,487	$ 4,172	$ 4,262
Allowance for credit losses - securitization transactions	(13)	(13)	(12)
Other assets - securitization transactions	116	105	109
Total restricted securitized assets - securitization transactions	4,590	4,264	4,359
Short-term securitization borrowings	4,428.3	4,118.7	4,220.2
Accrued interest on borrowings - securitization transactions	3	2	3
Total liabilities related to restricted securitized assets - securitization transactions	$ 4,431	4,121	4,223
Maximum remaining term of all restricted securitized retail notes	7 years
VIE-Primary Beneficiary
Securitization Transactions
Total restricted securitized assets - securitization transactions	$ 2,128	2,631	2,213
Total liabilities related to restricted securitized assets - securitization transactions	2,092	2,571	2,175
Non-VIE Banking Operation
Securitization Transactions
Total restricted securitized assets - securitization transactions	809	478	491
Total liabilities related to restricted securitized assets - securitization transactions	774	454	468
VIE-Not Primary Beneficiary
Securitization Transactions
Total Assets	43,000
Total restricted securitized assets - securitization transactions	1,653	1,155	1,655
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,565	$ 1,096	$ 1,580

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
INVENTORIES
Raw materials and supplies	$ 2,191	$ 1,688	$ 1,453
Work-in-process	924	495	564
Finished goods and parts	4,980	3,182	3,379
Total FIFO value	8,095	5,365	5,396
Less adjustment to LIFO value	1,481	1,461	1,436
Inventories	$ 6,614.2	$ 3,904.1	$ 3,959.6

GOODWILL AND OTHER INTANGIBLE60

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 1,033.3	$ 816
Acquisitions	2,062
Divestitures	(10)
Translation adjustments	27	(7)
Goodwill - net, ending balance	3,111.8	809.2
Accumulated impairment loss	0	0
Agriculture and Turf
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	521	323
Translation adjustments	9	(5)
Goodwill - net, ending balance	530	318
Construction and Forestry
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	512	493
Acquisitions	2,062
Divestitures	(10)
Translation adjustments	18	(2)
Goodwill - net, ending balance	$ 2,582	$ 491

GOODWILL AND OTHER INTANGIBLE61

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Amortized intangible assets:
Total at cost	$ 1,637	$ 181	$ 168
Less accumulated amortization	100	86	72
Total amortized intangible assets - net	1,537	95	96
Unamortized intangible assets:
Other intangible assets - net	$ 1,659.5	218	95.5
Customer Lists and Relationships
Amortized intangible assets:
Weighted-average useful lives	16 years
Total at cost	$ 587	42	41
Less accumulated amortization	$ 21	17	13
Technology, Patents, Trademarks, and Other
Amortized intangible assets:
Weighted-average useful lives	18 years
Total at cost	$ 1,050	139	127
Less accumulated amortization	79	69	$ 59
In-process Research and Development
Unamortized intangible assets:
Unamortized intangible assets	$ 123	$ 123

GOODWILL AND OTHER INTANGIBLE62

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 13	$ 5
Amortization expense of other intangible assets - remainder of 2018	89
Amortization expense of other intangible assets - 2019	117
Amortization expense of other intangible assets - 2020	104
Amortization expense of other intangible assets - 2021	100
Amortization expense of other intangible assets - 2022	$ 99

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period	5 years
Unamortized extended warranty premiums (deferred revenue)	$ 471	$ 440
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	1,468	1,226
Payments	(216)	(164)
Amortization of premiums received	(56)	(43)
Accruals for warranties	193	231
Premiums received	61	40
Acquisitions	80
Foreign exchange	20	(5)
End of period balance	$ 1,550	$ 1,285

COMMITMENTS AND CONTINGENCIES64

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	3 Months Ended
	Jan. 28, 2018USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 289
Restricted Assets and Other Contingent Liabilities
Other restricted assets	128
Miscellaneous contingent liabilities	85
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	402
Guarantee obligations accrued losses	$ 16
Guarantee obligations term	P8Y

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Fair Values of Financial Instruments
Financing receivables - net	$ 23,855.1	$ 25,104.1	$ 23,030.9
Financing receivables securitized - net	4,474	4,158.8	4,250.4
Short-term securitization borrowings	4,428.3	4,118.7	4,220.2
Long-term borrowings	26,421.8	25,891.3	22,916.6
Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings		4,118	4,220
Long-term borrowings due within one year	6,416	6,233	6,152
Long-term borrowings	27,099	26,632	23,517
Level 3
Fair Values of Financial Instruments
Financing receivables - net	23,648	24,946	22,842
Financing receivables securitized - net	4,428	4,130	4,218
Level 2 and Level 3
Fair Values of Financial Instruments
Short-term securitization borrowings	4,419
Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	23,855	25,104	23,031
Financing receivables securitized - net	4,474	4,159	4,250
Short-term securitization borrowings	4,428	4,119	4,220
Long-term borrowings due within one year	6,413	6,218	6,160
Long-term borrowings	26,422	25,891	22,917
Equipment Operations
Fair Values of Financial Instruments
Financing receivables - net	51.6		0.7
Financing receivables securitized - net	124.9
Short-term securitization borrowings	125.8
Long-term borrowings	5,572.5	5,490.9	4,533.8
Equipment Operations | Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	289	154	115
Long-term borrowings	6,076	6,026	5,004
Equipment Operations | Level 3
Fair Values of Financial Instruments
Financing receivables - net	51		1
Financing receivables securitized - net	125
Short-term securitization borrowings	126
Equipment Operations | Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	52		1
Financing receivables securitized - net	125
Short-term securitization borrowings	126
Long-term borrowings due within one year	289	154	122
Long-term borrowings	5,573	5,491	4,534
Financial Services
Fair Values of Financial Instruments
Financing receivables - net	23,803.5	25,104.1	23,030.2
Financing receivables securitized - net	4,349.1	4,158.8	4,250.4
Short-term securitization borrowings	4,302.5	4,118.7	4,220.2
Long-term borrowings	20,849.3	20,400.4	18,382.8
Financial Services | Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	4,293	4,118	4,220
Long-term borrowings due within one year	6,127	6,079	6,037
Long-term borrowings	21,023	20,606	18,513
Financial Services | Level 3
Fair Values of Financial Instruments
Financing receivables - net	23,597	24,946	22,841
Financing receivables securitized - net	4,303	4,130	4,218
Financial Services | Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	23,803	25,104	23,030
Financing receivables securitized - net	4,349	4,159	4,250
Short-term securitization borrowings	4,302	4,119	4,220
Long-term borrowings due within one year	6,124	6,064	6,038
Long-term borrowings	$ 20,849	$ 20,400	$ 18,383

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 462.3	$ 451.6	$ 445.5
Derivative assets	133	235	189
Derivative liabilities	374	158	170
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
Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	133	235	189
Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	374	158	170
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Total Estimated Fair Value
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	462	452	445
Total assets	595	687	634
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 and Level 2 | U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	75	77	82
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | Equity Fund
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	52	48	45
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | Fixed Income Funds
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	14	15	14
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 a Recurring Basis
Marketable securities	43	44	49
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Total liabilities	374	158	170
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 a Recurring Basis
Derivative assets	94	116	144
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 a Recurring Basis
Derivative liabilities	248	131	102
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 a Recurring Basis
Derivative assets	31	108	21
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 a Recurring Basis
Derivative liabilities	124	26	68
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 a Recurring Basis
Derivative assets	8	11	24
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Cross-Currency Interest Rate Contracts | Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	2	1
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Municipal Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	41	39	38
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Corporate Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	137	135	124
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Mortgage-backed Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	125	118	113
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 and Level 3 | International Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	18	20	29
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 3 | International Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 15	$ 17	$ 23

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Debt Securities (Details) $ in Millions	Jan. 28, 2018USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 23
Amortized cost, due after one through five years	114
Amortized cost, due after five through 10 years	85
Amortized cost, due after 10 years	50
Amortized cost, mortgage-backed securities	129
Amortized cost, debt securities	401
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	22
Fair value, due after one through five years	113
Fair value, due after five through 10 years	85
Fair value, due after 10 years	51
Fair value, mortgage-backed securities	125
Fair value, debt securities	$ 396

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring, Level 3 Measurements (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis - Level 3 - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Fair Value, Recurring Level 3 Measurements from Available-for-Sale Marketable Securities
Beginning of period balance	$ 17	$ 28
Principal payments	(2)	(6)
Change in unrealized gain (loss)		1
End of period balance	$ 15	$ 23

FAIR VALUE MEASUREMENTS - Nonre

FAIR VALUE MEASUREMENTS - Nonrecurring, Level 1 Measurements (Details) $ in Millions	Oct. 29, 2017USD ($)
Fair Value, Nonrecurring Measurements | Level 1
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Investments in unconsolidated affiliates	$ 28

DERIVATIVE INSTRUMENTS - Cash F

DERIVATIVE INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Cash Flow Hedges
Cash flow hedge gain (loss) recorded in OCI to be reclassified within twelve months	$ 6
Maximum maturity of cash flow hedge interest rate and cross-currency interest rate contracts	25 months
Gains or losses reclassified from OCI to earnings	$ 0
Interest Rate Contracts | Cash Flow Hedges Member | Designated as Hedging Instruments
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	1,500	$ 1,700	$ 1,850
Cross-Currency Interest Rate Contracts | Cash Flow Hedges Member | Designated as Hedging Instruments
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	$ 22	$ 22	$ 42

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Interest Rate Contracts - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017	Oct. 29, 2017
Fair Value Hedges
Gains (losses) on ineffective portion of interest rate fair value hedge derivatives	$ (1)	$ 2
Gain (Loss) on Fair Value Hedges
Gains (losses) on interest rate contracts	(148)	(234)
Net accrued interest income on interest rate contracts	12	26
Gains (losses) on borrowings	147	236
Accrued interest expense on borrowings	63	65
Fair Value Hedges | Designated as Hedging Instruments
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$ 9,110	$ 7,880	$ 8,661

DERIVATIVE INSTRUMENTS - Not De

DERIVATIVE INSTRUMENTS - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 7,225	$ 6,757	$ 5,905
Interest Rate Cap Contracts | Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	178	253	461
Interest Rate Cap Contracts | Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	178	253	461
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	6,394	8,499	4,060
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 85	$ 66	$ 68

DERIVATIVE INSTRUMENTS - Fair73

DERIVATIVE INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
Fair Value of Derivative Instruments
Total derivative assets	$ 133	$ 235	$ 189
Total derivative liabilities	374	158	170
Other Assets
Fair Value of Derivative Instruments
Total derivative assets	133	235	189
Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	374	158	170
Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	43	79	126
Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	223	112	85
Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	39	74	116
Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	223	112	85
Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	4	5	10
Not Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	90	156	63
Not Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	151	46	85
Not Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	55	42	28
Not Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	25	19	17
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	31	108	21
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	124	26	68
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	4	6	$ 14
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	$ 2	$ 1

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statement of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (259)	$ (64)
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)	8	3
Interest Rate Contracts | Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	(136)	(208)
Not designated as hedges, gains (losses)	5	4
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
Foreign Exchange Contracts | Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(48)	(40)
Foreign Exchange Contracts | Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (216)	(28)
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

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017
DERIVATIVE INSTRUMENTS
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 250	$ 132	$ 101
Derivative Assets
Gross amounts recognized	133	235	189
Netting arrangements	(70)	(65)	(46)
Net amount	63	170	143
Derivative Liabilities
Gross amounts recognized	374	158	170
Netting arrangements	(70)	(65)	(46)
Net amount	$ 304	$ 93	$ 124

STOCK OPTION AND RESTRICTED S76

STOCK OPTION AND RESTRICTED STOCK AWARDS (Details) - $ / shares shares in Thousands	1 Months Ended	3 Months Ended
	Dec. 24, 2017	Jan. 28, 2018
Share-based Compensation, Aggregate Disclosures
Number of additional shares authorized for grant related to stock option and restricted stock awards		10,000
Stock Options
Share-based Compensation, Aggregate Disclosures
Options granted (in shares)	476
Options granted, exercise price (in dollars per share)	$ 151.95
Options granted, fair value (in dollars per share)	$ 39.11
Options outstanding (in shares)		9,900
Options outstanding, weighted-average exercise price (in dollars per share)		$ 85.41
Fair value assumptions method used	lattice model
Restricted Stock Units
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		390
Restricted Stock Units Subject to Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		305
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 151.93
Restricted Stock Units Subject to Performance/Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		85
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 145.33

ACQUISITIONS - Purchase Price a

ACQUISITIONS - Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed (Details) € in Millions, $ in Millions	Dec. 01, 2017USD ($)item	Jan. 28, 2018USD ($)	Oct. 29, 2017USD ($)	Sep. 24, 2017EUR (€)	Jan. 29, 2017USD ($)	Oct. 30, 2016USD ($)
Acquisitions
Cash purchase price, net of cash acquired		$ 5,129.7
The Preliminary Fair Values Assigned to the Assets and Liabilities Related to the Acquired Entity
Goodwill		$ 3,111.8	$ 1,033.3		$ 809.2	$ 816
Wirtgen Group Holding GmbH (Wirtgen)
Acquisitions
Number of brands | item	6
Number of countries entity sells products | item	100
Number of employees | item	8,200
Cash acquired	$ 197
Cash purchase price, net of cash acquired	5,130
Liabilities assumed	1,724
The Preliminary Fair Values Assigned to the Assets and Liabilities Related to the Acquired Entity
Trade accounts and notes receivable	463
Financing receivables	36
Financing receivables securitized	126
Other receivables	100
Inventories	1,568
Property and equipment	755
Goodwill	2,062
Other intangible assets	1,453
Deferred income taxes	79
Other assets	221
Total assets	6,863
Short-term borrowings	257
Short-term securitization borrowings	127
Accounts payable and accrued expenses	729
Deferred income taxes	504
Long-term borrowings	79
Retirement benefits and other liabilities	28
Total liabilities	1,724
Noncontrolling interests	$ 9
Wirtgen Group Holding GmbH (Wirtgen) | Medium-term notes due 2020 - 2023
Acquisitions
Debt financing | €				€ 850

ACQUISITIONS - Identifiable Int

ACQUISITIONS - Identifiable Intangible Assets (Details) - Wirtgen Group Holding GmbH (Wirtgen) $ in Millions	Dec. 01, 2017USD ($)
Weighted-Average Useful Lives and Preliminary Fair Values
Preliminary fair values	$ 1,453
Customer Lists and Relationships
Weighted-Average Useful Lives and Preliminary Fair Values
Weighted-average useful lives	16 years
Preliminary fair values	$ 544
Technology, Patents, Trademarks, and Other
Weighted-Average Useful Lives and Preliminary Fair Values
Weighted-average useful lives	19 years
Preliminary fair values	$ 909

ACQUISITIONS - Results and Pro

ACQUISITIONS - Results and Pro Forma Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Unaudited Pro Forma Results of Operations
Pro forma net income (loss) attributable to Deere & Company	$ (535.1)	$ 199
Wirtgen Group Holding GmbH (Wirtgen)
Acquisitions
Acquisition related costs	50
Unaudited Pro Forma Results of Operations
Net sales and revenues	7,378	6,208
Net income (loss) attributable to Deere & Company	(433)	105
Wirtgen Group Holding GmbH (Wirtgen) | Inventory Fair Value Adjustment
Unaudited Pro Forma Results of Operations
Pro forma net income (loss) attributable to Deere & Company		(162)
Wirtgen Group Holding GmbH (Wirtgen) | Amortization of Identifiable Intangible Assets
Unaudited Pro Forma Results of Operations
Pro forma net income (loss) attributable to Deere & Company		$ (21)
Wirtgen Group Holding GmbH (Wirtgen) | Selling, Administrative and General Expenses
Acquisitions
Acquisition related costs	23
Wirtgen Group Holding GmbH (Wirtgen) | Other Operating Expenses
Acquisitions
Acquisition related costs	27
Wirtgen Group Holding GmbH (Wirtgen) | Construction and Forestry
Acquisitions
Net sales and revenues	255
Income (loss) before income taxes	$ (98)

DIVESTITURES (Details)

DIVESTITURES (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Nov. 26, 2017	Jan. 28, 2018
Sale of Assets and Liabilities
Proceeds received from sale		$ 49.7
Sale of Construction and Forestry Retail Locations in Florida
Sale of Assets and Liabilities
Total assets	$ 93
Liabilities	1
Inventory	61
Property and equipment - net	21
Goodwill	10
Other assets	1
Accounts payable and accrued expenses	1
Total proceeds from sale	105
Proceeds received from sale	50
Gain from sale, pretax, recorded in other income	$ 13

SUPPLEMENTAL CONSOLIDATING DA81

SUPPLEMENTAL CONSOLIDATING DATA - Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Net Sales and Revenues
Net sales	$ 5,973.9	$ 4,697.8
Finance and interest income	722.9	655.5
Other income	216.7	271.9
Total	6,913.5	5,625.2
Costs and Expenses
Cost of sales	4,704.5	3,781.5
Research and development expenses	356.8	312.1
Selling, administrative and general expenses	705	667.3
Interest expense	286.3	208.1
Other operating expenses	343	328.2
Total	6,395.6	5,297.2
Income of Consolidated Group before Income Taxes	517.9	328
Provision (credit) for income taxes	1,057.5	129.2
Income (Loss) of Consolidated Group	(539.6)	198.8
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Net Income (Loss)	(534.7)	198.4
Less: Net income (loss) attributable to noncontrolling interests	0.4	(0.6)
Net Income (Loss) Attributable to Deere & Company	(535.1)	199
Equipment Operations
Net Sales and Revenues
Net sales	5,973.9	4,697.8
Finance and interest income	11.5	21.3
Other income	196.5	258.1
Total	6,181.9	4,977.2
Costs and Expenses
Cost of sales	4,705	3,781.9
Research and development expenses	356.8	312.1
Selling, administrative and general expenses	590.5	545.4
Interest expense	96	66.7
Interest compensation to Financial Services	61.7	45.7
Other operating expenses	72.2	65.6
Total	5,882.2	4,817.4
Income of Consolidated Group before Income Taxes	299.7	159.8
Provision (credit) for income taxes	1,263.8	74.9
Income (Loss) of Consolidated Group	(964.1)	84.9
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	429.4	113.5
Net Income (Loss)	(534.7)	198.4
Less: Net income (loss) attributable to noncontrolling interests	0.4	(0.6)
Net Income (Loss) Attributable to Deere & Company	(535.1)	199
Equipment Operations | Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	425.3	114.4
Equipment Operations | Other
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	4.1	(0.9)
Financial Services
Net Sales and Revenues
Finance and interest income	777	687.3
Other income	62.7	58.3
Total	839.7	745.6
Costs and Expenses
Selling, administrative and general expenses	116.2	123.3
Interest expense	194.1	148.8
Other operating expenses	311.2	305.3
Total	621.5	577.4
Income of Consolidated Group before Income Taxes	218.2	168.2
Provision (credit) for income taxes	(206.3)	54.3
Income (Loss) of Consolidated Group	424.5	113.9
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	0.8	0.5
Net Income (Loss)	425.3	114.4
Net Income (Loss) Attributable to Deere & Company	425.3	114.4
Financial Services | Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	$ 0.8	$ 0.5

SUPPLEMENTAL CONSOLIDATING DA82

SUPPLEMENTAL CONSOLIDATING DATA - Condensed Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 28, 2018	Oct. 29, 2017	Jan. 29, 2017	Oct. 30, 2016
ASSETS
Cash and cash equivalents	$ 3,915.1	$ 9,334.9	$ 3,890	$ 4,335.8
Marketable securities	462.3	451.6	445.5
Receivables from unconsolidated subsidiaries and affiliates	33.7	35.9	28.9
Trade accounts and notes receivable - net	4,684.6	3,924.9	3,236.3
Financing receivables - net	23,855.1	25,104.1	23,030.9
Financing receivables securitized - net	4,474	4,158.8	4,250.4
Other receivables	1,036.1	1,200	882.3
Equipment on operating leases - net	6,619.8	6,593.7	5,825.3
Inventories	6,614.2	3,904.1	3,959.6
Property and equipment - net	5,781.2	5,067.7	5,030.4
Investments in unconsolidated subsidiaries and affiliates	194	182.5	220.9
Goodwill	3,111.8	1,033.3	809.2	816
Other intangible assets - net	1,659.5	218	95.5
Retirement benefits	580.3	538.2	133.7
Deferred income taxes	1,876.2	2,415	2,957.5
Other assets	1,679.6	1,623.6	1,499.8
Total Assets	66,577.5	65,786.3	56,296.2
LIABILITIES
Short-term borrowings	9,743.5	10,035.3	7,441.6
Short-term securitization borrowings	4,428.3	4,118.7	4,220.2
Payables to unconsolidated subsidiaries and affiliates	118	121.9	94.7
Accounts payable and accrued expenses	8,489.7	8,417	6,334.5
Deferred income taxes	590.2	209.7	168.9
Long-term borrowings	26,421.8	25,891.3	22,916.6
Retirement benefits and other liabilities	7,507.1	7,417.9	8,270.4
Total liabilities	57,298.6	56,211.8	49,446.9
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest	14	14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at January 28, 2018 - 536,431,204)	$ 4,374	4,280.5	4,079.1
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (15,404.3)	(15,460.8)	(15,569.1)
Retained earnings	24,571.9	25,301.3	23,919.6
Accumulated other comprehensive income (loss)	(4,289)	(4,563.7)	(5,604.5)
Total Deere & Company stockholders' equity	9,252.6	9,557.3	6,825.1
Noncontrolling interests	12.3	3.2	10.2
Total stockholders' equity	9,264.9	9,560.5	6,835.3	6,530.8
Total Liabilities and Stockholders' Equity	66,577.5	65,786.3	56,296.2
Equipment Operations
ASSETS
Cash and cash equivalents	2,617.1	8,168.4	2,667.9	3,140.5
Marketable securities	17.6	20.2	29.1
Receivables from unconsolidated subsidiaries and affiliates	667.7	1,032.1	2,855.8
Trade accounts and notes receivable - net	1,051.3	876.3	537.4
Financing receivables - net	51.6		0.7
Financing receivables securitized - net	124.9
Other receivables	885.7	1,045.6	778.6
Inventories	6,614.2	3,904.1	3,959.6
Property and equipment - net	5,733	5,017.3	4,979.3
Investments in unconsolidated subsidiaries and affiliates	5,285.8	4,812.3	4,658.6
Goodwill	3,111.8	1,033.3	809.2
Other intangible assets - net	1,659.5	218	95.5
Retirement benefits	580.2	538.1	133.7
Deferred income taxes	2,248.7	3,098.8	3,567.1
Other assets	1,118.2	973.9	847
Total Assets	31,767.3	30,738.4	25,919.5
LIABILITIES
Short-term borrowings	858.2	375.5	269.7
Short-term securitization borrowings	125.8
Payables to unconsolidated subsidiaries and affiliates	118	121.9	94.7
Accounts payable and accrued expenses	7,894.3	7,718.1	5,885
Deferred income taxes	491.2	115.6	87.4
Long-term borrowings	5,572.5	5,490.9	4,533.8
Retirement benefits and other liabilities	7,428.4	7,341.9	8,199.6
Total liabilities	22,488.4	21,163.9	19,070.2
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest	14	14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at January 28, 2018 - 536,431,204)	$ 4,374	$ 4,280.5	$ 4,079.1
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (15,404.3)	$ (15,460.8)	$ (15,569.1)
Retained earnings	24,571.9	25,301.3	23,919.6
Accumulated other comprehensive income (loss)	(4,289)	(4,563.7)	(5,604.5)
Total Deere & Company stockholders' equity	9,252.6	9,557.3	6,825.1
Noncontrolling interests	12.3	3.2	10.2
Total stockholders' equity	9,264.9	9,560.5	6,835.3
Total Liabilities and Stockholders' Equity	31,767.3	30,738.4	25,919.5
Financial Services
ASSETS
Cash and cash equivalents	1,298	1,166.5	1,222.1	$ 1,195.3
Marketable securities	444.7	431.4	416.4
Trade accounts and notes receivable - net	4,907.1	4,134.1	3,787.5
Financing receivables - net	23,803.5	25,104.1	23,030.2
Financing receivables securitized - net	4,349.1	4,158.8	4,250.4
Other receivables	156.4	195.5	116.2
Equipment on operating leases - net	6,619.8	6,593.7	5,825.3
Property and equipment - net	48.2	50.4	51.1
Investments in unconsolidated subsidiaries and affiliates	15.5	13.8	12.2
Retirement benefits	16.2	16.9	19.8
Deferred income taxes	80.1	79.8	72.1
Other assets	563.1	651.4	654.5
Total Assets	42,301.7	42,596.4	39,457.8
LIABILITIES
Short-term borrowings	8,885.3	9,659.8	7,171.9
Short-term securitization borrowings	4,302.5	4,118.7	4,220.2
Payables to unconsolidated subsidiaries and affiliates	634	996.2	2,826.9
Accounts payable and accrued expenses	1,876.9	1,827.1	1,552.4
Deferred income taxes	551.6	857.7	763.2
Long-term borrowings	20,849.3	20,400.4	18,382.8
Retirement benefits and other liabilities	94.8	92.9	90.6
Total liabilities	37,194.4	37,952.8	35,008
Commitments and contingencies (Note 14)
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at January 28, 2018 - 536,431,204)	$ 2,099.1	$ 2,099.1	$ 2,079.1
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, issued shares	536,431,204
Retained earnings	$ 3,169	$ 2,782	$ 2,644.6
Accumulated other comprehensive income (loss)	(160.8)	(237.5)	(273.9)
Total Deere & Company stockholders' equity	5,107.3	4,643.6	4,449.8
Total stockholders' equity	5,107.3	4,643.6	4,449.8
Total Liabilities and Stockholders' Equity	$ 42,301.7	$ 42,596.4	$ 39,457.8

SUPPLEMENTAL CONSOLIDATING DA83

SUPPLEMENTAL CONSOLIDATING DATA - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 28, 2018	Jan. 29, 2017
Cash Flows from Operating Activities
Net income (loss)	$ (534.7)	$ 198.4
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	2.5	6.5
Provision for depreciation and amortization	463.2	415.7
Undistributed earnings of unconsolidated subsidiaries and affiliates	(6.6)	(1)
Provision (credit) for deferred income taxes	479.7	11.9
Changes in assets and liabilities:
Trade receivables	(34.9)	61.9
Inventories	(1,238.8)	(743.1)
Accounts payable and accrued expenses	(915.1)	(717.7)
Accrued income taxes payable/receivable	425.1	10.1
Retirement benefits	65.6	46.5
Other	(19.5)	(44.1)
Net cash provided by (used for) operating activities	(1,296.8)	(736.7)
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities	13.1	23.7
Proceeds from sales of equipment on operating leases	339.6	368.2
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold	49.7
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold		113.9
Acquisitions of businesses, net of cash acquired	(5,129.7)
Purchases of marketable securities	(24.3)	(21.7)
Purchases of property and equipment	(176.3)	(155.2)
Cost of equipment on operating leases acquired	(365.7)	(382.6)
Other	(16.2)	(12.1)
Net cash provided by (used for) investing activities	(4,090.3)	1,104.4
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	(535.5)	(1,064.9)
Proceeds from long-term borrowings	2,262.1	1,295.8
Payments of long-term borrowings	(1,871.2)	(1,048.9)
Proceeds from issuance of common stock	143	263.3
Repurchases of common stock	(9.7)	(6.2)
Dividends paid	(193)	(188.9)
Other	(26.7)	(24.4)
Net cash provided by (used for) financing activities	(231)	(774.2)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	198.3	(39.3)
Net Increase (Decrease) in Cash and Cash Equivalents	(5,419.8)	(445.8)
Cash and Cash Equivalents at Beginning of Period	9,334.9	4,335.8
Cash and Cash Equivalents at End of Period	3,915.1	3,890
Equipment Operations
Cash Flows from Operating Activities
Net income (loss)	(534.7)	198.4
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	0.8	(0.2)
Provision for depreciation and amortization	232.4	212.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	(392.9)	25.1
Provision (credit) for deferred income taxes	786.4	(10.8)
Changes in assets and liabilities:
Trade receivables	295.1	102.1
Inventories	(1,099.7)	(624.6)
Accounts payable and accrued expenses	(735.7)	(618.5)
Accrued income taxes payable/receivable	453.1	0.9
Retirement benefits	63.2	44.2
Other	(50.6)	(74.7)
Net cash provided by (used for) operating activities	(982.6)	(745.8)
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities	2.7	6.2
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold	49.7
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold		113.9
Acquisitions of businesses, net of cash acquired	(5,129.7)
Purchases of property and equipment	(176)	(154.9)
Other	57.6	(5.7)
Net cash provided by (used for) investing activities	(5,195.7)	(40.5)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	132.9	(14.5)
Change in intercompany receivables/payables	388.1	316.9
Proceeds from long-term borrowings	77.8	19.2
Payments of long-term borrowings	(68)	(18.3)
Proceeds from issuance of common stock	143	263.3
Repurchases of common stock	(9.7)	(6.2)
Dividends paid	(193)	(188.9)
Other	(17.5)	(19.1)
Net cash provided by (used for) financing activities	453.6	352.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents	173.4	(38.7)
Net Increase (Decrease) in Cash and Cash Equivalents	(5,551.3)	(472.6)
Cash and Cash Equivalents at Beginning of Period	8,168.4	3,140.5
Cash and Cash Equivalents at End of Period	2,617.1	2,667.9
Financial Services
Cash Flows from Operating Activities
Net income (loss)	425.3	114.4
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	1.7	6.7
Provision for depreciation and amortization	261.6	233.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	(0.8)	(0.5)
Provision (credit) for deferred income taxes	(306.7)	22.7
Changes in assets and liabilities:
Accounts payable and accrued expenses	8.9	(23.9)
Accrued income taxes payable/receivable	(28)	9.2
Retirement benefits	2.4	2.3
Other	65.9	60.5
Net cash provided by (used for) operating activities	430.3	424.7
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)	5,601.4	5,132.5
Proceeds from maturities and sales of marketable securities	10.4	17.5
Proceeds from sales of equipment on operating leases	339.6	368.2
Cost of receivables acquired (excluding trade and wholesale)	(4,368.5)	(3,864.2)
Purchases of marketable securities	(24.3)	(21.7)
Purchases of property and equipment	(0.3)	(0.3)
Cost of equipment on operating leases acquired	(553.8)	(542.8)
Decrease (increase) in trade and wholesale receivables	(601.9)	(213.5)
Other	(3.5)	(6.4)
Net cash provided by (used for) investing activities	399.1	869.3
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	(668.4)	(1,050.4)
Change in intercompany receivables/payables	(388.1)	(316.9)
Proceeds from long-term borrowings	2,184.3	1,276.6
Payments of long-term borrowings	(1,803.2)	(1,030.6)
Dividends paid	(38.2)	(140)
Other	(9.2)	(5.3)
Net cash provided by (used for) financing activities	(722.8)	(1,266.6)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	24.9	(0.6)
Net Increase (Decrease) in Cash and Cash Equivalents	131.5	26.8
Cash and Cash Equivalents at Beginning of Period	1,166.5	1,195.3
Cash and Cash Equivalents at End of Period	$ 1,298	$ 1,222.1