Deere & Company (DE) 10-Q 30 May 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Apr. 28, 2019shares
Document and Entity Information
Entity Registrant Name	DEERE & CO
Entity Central Index Key	0000315189
Document Type	10-Q
Document Period End Date	Apr. 28, 2019
Amendment Flag	false
Current Fiscal Year End Date	--11-03
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	316,995,536
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

STATEMENT OF CONSOLIDATED INCOM

STATEMENT OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Net Sales and Revenues
Net sales and revenues	$ 11,342.4	$ 10,720	$ 19,326	$ 17,633.5
Costs and Expenses
Research and development expenses	457.1	415.2	863.8	772
Selling, administrative and general expenses	946.9	939.2	1,710.6	1,644.3
Interest expense	350.8	303.7	703.8	590
Total	9,869	9,336.3	17,175.4	15,731.9
Income of Consolidated Group before Income Taxes	1,473.4	1,383.7	2,150.6	1,901.6
Provision for income taxes	343.5	177.1	527.5	1,234.7
Income of Consolidated Group	1,129.9	1,206.6	1,623.1	666.9
Equity in income of unconsolidated affiliates	6.4	3.1	12.8	8
Net Income	1,136.3	1,209.7	1,635.9	674.9
Less: Net income attributable to noncontrolling interests	1.4	1.4	2.5	1.7
Net Income Attributable to Deere & Company	$ 1,134.9	$ 1,208.3	$ 1,633.4	$ 673.2
Per Share Data
Basic (in dollars per share)	$ 3.57	$ 3.73	$ 5.13	$ 2.08
Diluted (in dollars per share)	$ 3.52	$ 3.67	$ 5.07	$ 2.05
Average Shares Outstanding
Basic (in shares)	317.9	324.2	318.1	323.4
Diluted (in shares)	322.2	329.2	322.4	328.4
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 10,272.8	$ 9,747	$ 17,213.7	$ 15,721
Costs and Expenses
Costs and expenses	7,754.7	7,333.3	13,186.3	12,037.8
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	837.8	753.9	1,652.7	1,476.8
Other
Net Sales and Revenues
Net sales and revenues	231.8	219.1	459.6	435.7
Costs and Expenses
Costs and expenses	$ 359.5	$ 344.9	$ 710.9	$ 687.8

STATEMENT OF CONSOLIDATED COMPR

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME
Net income	$ 1,136.3	$ 1,209.7	$ 1,635.9	$ 674.9
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	49.1	118.9	68.7	165.2
Cumulative translation adjustment	(82.2)	1.6	(243.7)	224.9
Unrealized gain (loss) on derivatives	(6.7)	4.9	(15.1)	10.3
Unrealized gain (loss) on debt securities	7.8	(9.3)	15.7	(9.5)
Other Comprehensive Income (Loss), Net of Income Taxes	(32)	116.1	(174.4)	390.9
Comprehensive Income of Consolidated Group	1,104.3	1,325.8	1,461.5	1,065.8
Less: Comprehensive income attributable to noncontrolling interests	1.4	1.7	2.5	2.1
Comprehensive Income Attributable to Deere & Company	$ 1,102.9	$ 1,324.1	$ 1,459	$ 1,063.7

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Apr. 28, 2019	Jan. 27, 2019	Oct. 29, 2018	Oct. 28, 2018	Apr. 29, 2018	Jan. 28, 2018	Oct. 29, 2017
ASSETS
Cash and cash equivalents	$ 3,483.7			$ 3,904	$ 4,201.4
Marketable securities	545.1			490.1	479.3
Receivables from unconsolidated affiliates	34.1			21.7	34.3
Trade accounts and notes receivable - net	7,519.3			5,004.3	6,511.1
Financing receivables - net	25,870.3			27,054.1	24,275.5
Financing receivables securitized - net	4,813.6			4,021.4	4,436.3
Other receivables	1,477.7			1,735.5	1,398.2
Equipment on operating leases - net	7,039.9			7,165.4	6,723.1
Inventories	7,160.9			6,148.9	6,888.9
Property and equipment - net	5,757.1			5,867.5	5,742.9
Investments in unconsolidated affiliates	234.8			207.3	202.1
Goodwill	3,024.9			3,100.7	3,188.7		$ 1,033
Other intangible assets - net	1,475.9			1,562.4	1,692.2
Retirement benefits	1,382.7			1,298.3	617.9
Deferred income taxes	1,038.9			808	1,718.5
Other assets	1,870.7		$ 1,828	1,718.4	1,762.6
Total Assets	72,729.6			70,108	69,873
LIABILITIES
Short-term borrowings	11,761.8			11,061.4	10,894.6
Short-term securitization borrowings	4,702.2			3,957.3	4,401.1
Payables to unconsolidated affiliates	199.5			128.9	145.7
Accounts payable and accrued expenses	9,625.8		$ 10,221	10,111	9,789.6
Deferred income taxes	513.5			555.8	562.7
Long-term borrowings	28,255.4			27,237.4	26,278.6
Retirement benefits and other liabilities	5,733.1			5,751	7,366.1
Total liabilities	60,791.3			58,802.8	59,438.4
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14.3			14	14.6
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at April 28, 2019 - 536,431,204)	4,559.1			4,474.2	4,423.4
Common stock in treasury	(16,738.5)			(16,311.8)	(15,425.9)
Retained earnings	28,708.8			27,553	25,586
Accumulated other comprehensive income (loss)	(4,609.9)			(4,427.6)	(4,173.2)
Total Deere & Company stockholders' equity	11,919.5			11,287.8	10,410.3
Noncontrolling interests	4.5			3.4	9.7
Total stockholders' equity	11,924	$ 11,332.7		11,291.2	10,420	$ 9,264.9	$ 9,560.5
Total Liabilities and Stockholders' Equity	$ 72,729.6			$ 70,108	$ 69,873

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical)	Apr. 28, 2019$ / 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	6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018
Cash Flows from Operating Activities
Net income	$ 1,635.9	$ 674.9
Adjustments to reconcile net income to net cash used for operating activities:
Provision for credit losses	36.6	26.8
Provision for depreciation and amortization	1,016.5	950.8
Share-based compensation expense	44.4	39.8
Gain on sales of businesses		(13.2)
Undistributed earnings of unconsolidated affiliates	(8.6)	(4.5)
Provision (credit) for deferred income taxes	(282.2)	604.3
Changes in assets and liabilities:
Trade, notes, and financing receivables related to sales	(2,731.3)	(2,094.1)
Inventories	(1,394.3)	(1,796.8)
Accounts payable and accrued expenses	(66.4)	306.9
Accrued income taxes payable/receivable	157	153
Retirement benefits	20.3	67.6
Other	77.3	(135.6)
Net cash used for operating activities	(1,494.8)	(1,220.1)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	9,175.3	8,780.9
Proceeds from maturities and sales of marketable securities	30.3	23.8
Proceeds from sales of equipment on operating leases	823.4	748.6
Proceeds from sales of businesses, net of cash sold		55
Cost of receivables acquired (excluding receivables related to sales)	(8,886.7)	(8,181.2)
Acquisitions of businesses, net of cash acquired		(5,171.1)
Purchases of marketable securities	(59.6)	(62.8)
Purchases of property and equipment	(490.9)	(352.2)
Cost of equipment on operating leases acquired	(924.1)	(926.5)
Other	(39.9)	(73.2)
Net cash used for investing activities	(372.2)	(5,158.7)
Cash Flows from Financing Activities
Increase in total short-term borrowings	1,570.4	199.1
Proceeds from long-term borrowings	4,232.2	4,077.7
Payments of long-term borrowings	(3,426.8)	(2,888.7)
Proceeds from issuance of common stock	94.7	198.6
Repurchases of common stock	(480.4)	(60.6)
Dividends paid	(462.3)	(386.9)
Other	(55.6)	(43.9)
Net cash provided by financing activities	1,472.2	1,095.3
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	(34.8)	145.9
Net Decrease in Cash, Cash Equivalents, and Restricted Cash	(429.6)	(5,137.6)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	4,015.3	9,466.8
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 3,585.7	$ 4,329.2

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. 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			673.2		1.1	674.3
Other comprehensive income (loss)				390.5	0.4	390.9
Repurchases of common stock		(60.6)				(60.6)
Treasury shares reissued		95.5				95.5
Dividends declared			(389.5)		(2.7)	(392.2)
Acquisitions					7.5	7.5
Stock options and other	142.9		1		0.2	144.1
Balance at Apr. 29, 2018	4,423.4	(15,425.9)	25,586	(4,173.2)	9.7	10,420
Redeemable Noncontrolling Interest - Balance at Oct. 29, 2017						14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income						0.6
Redeemable Noncontrolling Interest - Balance at Apr. 29, 2018						14.6
Balance at Jan. 28, 2018	4,374	(15,404.3)	24,571.9	(4,289)	12.3	9,264.9
Increase (Decrease) in Stockholders' Equity
Net income			1,208.3		0.8	1,209.1
Other comprehensive income (loss)				115.8	0.3	116.1
Repurchases of common stock		(50.9)				(50.9)
Treasury shares reissued		29.3				29.3
Dividends declared			(195.1)		(2.7)	(197.8)
Acquisitions					(1.2)	(1.2)
Stock options and other	49.4		0.9		0.2	50.5
Balance at Apr. 29, 2018	4,423.4	(15,425.9)	25,586	(4,173.2)	9.7	10,420
Redeemable Noncontrolling Interest - Balance at Jan. 28, 2018						14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income						0.6
Redeemable Noncontrolling Interest - Balance at Apr. 29, 2018						14.6
Balance at Oct. 28, 2018	4,474.2	(16,311.8)	27,553	(4,427.6)	3.4	11,291.2
Increase (Decrease) in Stockholders' Equity
Net income			1,633.4		2.1	1,635.5
Other comprehensive income (loss)				(174.4)		(174.4)
Repurchases of common stock		(480.4)				(480.4)
Treasury shares reissued		53.7				53.7
Dividends declared			(484.7)		(1.4)	(486.1)
Stock options and other	84.9		(0.8)		0.4	84.5
Balance at Apr. 28, 2019	4,559.1	(16,738.5)	28,708.8	(4,609.9)	4.5	11,924
Redeemable Noncontrolling Interest - Balance at Oct. 28, 2018						14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income						0.4
Dividends declared						(0.1)
Redeemable Noncontrolling Interest - Balance at Apr. 28, 2019						14.3
Balance at Jan. 27, 2019	4,511.5	(16,422.1)	27,816.3	(4,577.9)	4.9	11,332.7
Increase (Decrease) in Stockholders' Equity
Net income			1,134.9		1.1	1,136
Other comprehensive income (loss)				(32)		(32)
Repurchases of common stock		(336.5)				(336.5)
Treasury shares reissued		20.1				20.1
Dividends declared			(242)		(1.4)	(243.4)
Stock options and other	47.6		(0.4)		(0.1)	47.1
Balance at Apr. 28, 2019	$ 4,559.1	$ (16,738.5)	28,708.8	(4,609.9)	$ 4.5	11,924
Redeemable Noncontrolling Interest - Balance at Jan. 27, 2019						14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income						0.3
Redeemable Noncontrolling Interest - Balance at Apr. 28, 2019						$ 14.3
Increase (Decrease) in Stockholders' Equity
ASU No. 2016-01 adoption			$ 7.9	$ (7.9)

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	6 Months Ended
	Apr. 28, 2019
ORGANIZATION AND CONSOLIDATION
ORGANIZATION AND CONSOLIDATION	(1)  Organization and Consolidation The information in the notes and related commentary are presented in a format which includes data grouped as follows: Equipment Operations – Includes the Company’s agriculture and turf operations and construction and forestry operations with financial services reflected on the equity basis. Financial Services – Includes primarily the Company’s financing operations. Consolidated – Represents the consolidation of the equipment operations and financial services. References to “Deere & Company” or “the Company” refer to the entire enterprise. The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The second quarter ends for fiscal year 2019 and 2018 were April 28, 2019 and April 29, 2018, respectively. Both periods contained 13 weeks. Variable Interest Entities The Company consolidates certain Variable Interest Entities (VIEs) related to retail note securitizations (see Note 12). The Company also has an interest in a joint venture that manufactures construction equipment in Brazil for local and overseas markets. The joint venture is a VIE; however, the Company is not the primary beneficiary. Therefore, the entity’s financial results are not fully consolidated in the Company’s consolidated financial statements, but are included on an equity basis. During the second quarter of 2019, the Company made an additional contribution to the joint venture in exchange for non-voting preferred stock and terminated the loan guarantee. The maximum exposure to losses at April 28, 2019 and October 28, 2018 in millions of dollars follows: April 28, 2019 October 28, 2018 Receivables from unconsolidated affiliates $ $ Investment in unconsolidated affiliates Loan guarantee Total $ $

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION	6 Months Ended
	Apr. 28, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2)    Summary of Significant Accounting Policies and Cash Flow Information 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 $308 million and $357 million in the first six months of 2019 and 2018, respectively. The Company also had accounts payable related to purchases of property and equipment of approximately $74 million and $42 million at April 28, 2019 and April 29, 2018, respectively. The Company’s equipment operations held restricted cash of $10 million, $7 million, $8 million, and $6 million at April 28, 2019, October 28, 2018, April 29, 2018, and October 29, 2017, respectively. The equipment operation’s restricted cash relates to miscellaneous operational activities. The Company’s financial services operations held restricted cash of $92 million, $104 million, $120 million, and $126 million at April 28, 2019, October 28, 2018, April 29, 2018, and October 29, 2017, respectively. The financial services operations’ restricted cash primarily relates to securitization of financing receivables (see Note 12). The restricted cash is recorded in other assets in the consolidated balance sheet.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	6 Months Ended
	Apr. 28, 2019
NEW ACCOUNTING STANDARDS
NEW ACCOUNTING STANDARDS	(3)  New Accounting Standards New Accounting Standards Adopted In the first quarter of 2019, the Company adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification (ASC) 605, Revenue Recognition. The ASU was adopted using a modified-retrospective approach to all incomplete contracts as of the adoption date. The 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. A five step model is used to determine the amount and timing of revenue recognized. The ASU also requires expanded disclosures to include disaggregated revenue by geographic regions and major product lines. The ASU required 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 is recorded in other assets for the inventory value of estimated parts returns and the gross liability is recorded in accounts payable and accrued expenses for the estimated dealer refund. The table below reflects the change for the estimated parts returns in the affected lines on the consolidated balance sheet in millions of dollars. October 28, 2018 Cumulative Effect October 29, 2018 Assets Other assets $ $ $ Liabilities Accounts payable and accrued expenses $ $ $ There were no significant changes affecting the timing of revenue recognition from the adoption. The Company’s updated revenue policies and additional disclosures are included in Note 4. In the first quarter of 2019, the Company adopted ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which amends ASC 825-10, Financial Instruments – Overall. This ASU changed 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 cumulative effect of adoption resulted in an $8 million after-tax reclassification from OCI to retained earnings. In the first quarter of 2019, the Company adopted ASU No. 2016-18, Restricted Cash, which amends ASC 230, Statement of Cash Flows. The ASU requires that restricted cash be included with cash and cash equivalents in the statement of cash flows. The ASU was adopted using a retrospective transition approach resulting in an update to the 2018 consolidated and supplemental consolidating statement of cash flows (see Note 2). The ASU did not have a material effect on the Company’s consolidated financial statements. In the first quarter of 2019, the Company early adopted 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 adoption did not have a material effect on the Company’s consolidated financial statements (see Note 17). The Company continues to evaluate potential additional hedge accounting relationships provided by the new standard to further improve risk management. The Company also adopted the following standards in the first quarter of 2019, none of which had a material effect on the Company’s consolidated financial statements: Accounting Standards Updates 2016-15 Classification of Certain Cash Receipts and Cash Payments, which amends ASC 230, Statement of Cash Flows 2016-16 Intra-Entity Transfers of Assets Other Than Inventory, which amends ASC 740, 2017-01 Clarifying the Definition of a Business, which amends ASC 805, Business Combinations 2017-09 Scope of Modification Accounting, which amends ASC 718, Compensation - 2018-13 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which amends ASC 820, Fair Value Measurement 2018-14 Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans, which amends ASC 715-20, Compensation - Retirement Benefits - Defined Benefit 2018-16 Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes, which amends ASC 815, Derivatives and Hedging New Accounting Standards to be Adopted 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. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases and ASU No. 2018-11, Leases: Targeted Improvements. Both ASUs amend ASC 842, Leases. The provisions affecting the Company in these ASUs are an option that will not require earlier periods to be restated at the adoption date and an option for lessors, if certain criteria are met, to avoid separating the lease and nonlease components (such as preventative maintenance services) in an agreement. In December 2018, the FASB issued ASU No. 2018-20, Narrow-Scope Improvements for Lessors. This ASU provides an election for lessors to exclude sales and related taxes from consideration in the contract, requires lessors to exclude from revenue and expense lessor costs paid directly to a third party by lessees, and clarifies lessors’ accounting for variable payments related to both lease and nonlease components. In March 2019, the FASB issued ASU No. 2019-01, Leases: Codification Improvements. The ASU allows certain lessors, including captive finance companies, to use their cost as the fair value of the to-be-leased asset. The ASU also clarifies the presentation of lease payments in the statement of cash flows and the required transition disclosures. The effective date will be the first quarter of fiscal year 2020. The Company is evaluating the potential effects on the consolidated financial statements and plans to adopt the ASU using the modified-retrospective approach that will not require earlier periods to be restated. 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. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. This ASU clarifies that receivables from operating leases are accounted for using the lease guidance and not as financial instruments. In May 2019, the FASB issued ASU No. 2019-05, Targeted Transition Relief, which amends ASC 326. This ASU provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. The effective date will be the first quarter of fiscal year 2021. The ASUs will be adopted using a modified-retrospective approach. The Company is evaluating the potential effects on the 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. The ASU will be adopted using a modified-retrospective approach. The adoption will not have a material effect on the Company’s consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, which amends ASC 718, Compensation – Stock Compensation. The ASU requires that most of the guidance related to stock compensation granted to employees be followed for non-employees, including the measurement date, valuation approach, and performance conditions. The expense is recognized in the same period as though cash were paid for the good or service. The effective date is the first quarter of fiscal year 2020. The ASU will be adopted using a modified-retrospective approach. The adoption will not have a material effect on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which amends ASC 350-40, Intangibles – Goodwill and Other – Internal-Use Software. This ASU requires customers in a hosting arrangement that is a service contract to evaluate the implementation costs of the hosting arrangement using the guidance to develop internal-use software. The project development stage determines the implementation costs that are capitalized or expensed. Capitalized implementation costs are amortized over the term of the service arrangement and are presented in the same income statement line item as the service contract costs. The effective date will be the first quarter of fiscal year 2021, with early adoption permitted. The Company will adopt the ASU on a prospective basis. The Company is evaluating the potential effects on the Company’s consolidated financial statements. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The effective dates for the separate portions of the ASU and the expected effect on the consolidated financial statements are as follows: (1) clarifications to ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, is the first quarter of fiscal year 2021, which is under evaluation, (2) clarifications to ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities is the first quarter of fiscal year 2020, with early adoption permitted, which will not have a material effect, and (3) clarifications to ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities is the first quarter of fiscal year 2021, with early adoption permitted, which will not have a material effect.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Apr. 28, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	(4)  Revenue Recognition Sales of equipment and service parts. Sales of equipment and service parts are recognized when each of the following criteria are met: (1) the Company and an independent customer approve a contract with commercial substance, (2) the sales price is determinable and collectability of the payments are probable based on the terms outlined in the contract, and (3) control of the goods has transferred to the customer. Transfer of control generally occurs for equipment and service parts when the good is delivered as specified in the contract and the risks and rewards of ownership are transferred. In the U.S. and most international locations, this transfer occurs primarily when goods are shipped. In Canada and some other international locations, certain goods are shipped to dealers on a consignment basis under which the risks and rewards of ownership are not transferred to the dealer at the time the goods are shipped. Accordingly, in these locations, sales are not recorded until a retail customer has purchased the goods. Generally, no right of return exists on sales of equipment. In limited instances, equipment is transferred to a customer or a financial institution with an obligation to repurchase the equipment for a specified amount, which is exercisable at the customer’s option. When the equipment is expected to be repurchased, those arrangements are accounted for as leases. When the operating lease criteria are met, no sale is recorded at the time of the equipment transfer and the difference between sale price and the specified repurchase amount is recognized as revenue on a straight-line basis until the customer’s option expires. When this equipment is not expected to be repurchased, a sale is recorded with a return obligation. Under the terms of sales agreements with dealers, interest-free periods are determined based on the type of equipment sold and the time of year of the sale. These periods range from one to twelve months for most equipment. Interest-free periods may not be extended. Interest is primarily charged to dealers on outstanding balances, from the earlier of the date when goods are sold to retail customers by the dealer or the expiration of certain interest-free periods granted at the time of the sale to the dealer, until payment is received by the Company. Interest charged may not be forgiven and the past due interest rates exceed market rates. Dealers cannot cancel purchases after the equipment is shipped and are responsible for payment even if the equipment is not sold to retail customers. If the interest-free or below market interest rate period exceeds one year, the Company adjusts the expected sales revenue for the effects of the time value of money using a current market interest rate. The revenue related to the financing component is recognized in finance and interest income using the interest method. The Company elected to not adjust the sales price to account for a financing component if the expected interest-free or below market period is one year or less. Service parts and certain attachments returns are estimable and accrued at the time a sale is recognized. The estimated parts returns are recorded in other assets for the inventory value of estimated part returns, adjusted for restocking fees. The estimated dealer refund liability, adjusted for restocking fees, is recorded in accounts payable and accrued expenses. The estimated returns are based on historical return rates, current dealer inventory levels, and current economic conditions. Sales incentives. In certain markets, the Company provides sales incentives to dealers. These incentives may be based on a dealer’s purchase volume, or on retail sales incentive programs for allowances and financing programs that will be due when the dealer sells the equipment to a retail customer. At the time of the sale to a dealer, the Company records an estimated cost of these programs as a reduction to the sales price. The estimated cost is based on historical data, field inventory levels, and forecasted sales volumes. The final cost of these programs is determined at the end of the measurement period for volume based incentives or when the dealer sells the equipment to a retail customer. Actual cost differences from the original cost estimate are recognized in net sales. Product warranties. For most equipment and parts sales, the Company provides a standard warranty to provide assurance that the equipment will function as intended for a specified period. At the time a sale is recognized, the estimated future warranty costs are recorded. The Company generally determines its total warranty liability by applying historical warranty 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 with consideration of current quality developments. The Company also offers extended warranty arrangements for purchase at the customer’s option. The premiums for extended warranties are recognized in other income in the statement of consolidated income primarily in proportion to the costs expected to be incurred over the contract period. The unamortized extended warranty premiums (deferred revenue) are recorded in accounts payable and accrued expenses in the consolidated balance sheet. Remanufactured components and parts. The Company remanufactures used engines and components (cores) that are sold to dealers and end customers for maintenance and repair parts. Revenue for remanufactured components is recognized using the same criteria as other parts sales. When a remanufactured part is sold, the Company collects a deposit that is repaid if the customer returns a core that meets certain specifications within a defined time period. The deposit received from the customer is recognized as a liability in accounts payable and accrued expenses and the used component that is expected to be returned is recognized in other assets in the consolidated balance sheet. When a customer returns a core, the deposit is repaid, the liability reversed, and the returned core is recorded in inventory to be remanufactured and sold to another customer. If a core is not returned within the required time as estimated, the deposit is recognized as revenue in net sales, and the estimated core return is recorded as an expense in cost of sales in the statement of consolidated income. Precision guidance, telematics, and other information enabled solutions. Certain equipment is sold with precision guidance, telematics, and other information gathering and analyzing capabilities. The solutions require hardware, software, and include an obligation to provide telematic services for a specific period of time. These solutions are generally bundled with the sale of the equipment and can also be purchased or renewed separately. The revenue related to the hardware and embedded software is generally recognized at the time of the equipment sale and recorded in net sales in the consolidated statement of income. The revenue for the future services is generally deferred and recognized over the service period. The deferred revenue is recorded as a contract liability in accounts payable and accrued expenses in the consolidated balance sheet and is recognized in other income with the associated expenses recognized in other operating expenses in the statement of consolidated income. Allowance for credit losses. The Company also records an allowance for credit losses related to the receivables from sales (trade receivables and certain financing receivables) in selling, administrative and general expenses. The allowance represents an estimate of the losses inherent in the receivable portfolio. The allowance is based on many quantitative and qualitative factors. The adequacy of the allowance is reviewed quarterly. Sales and transaction taxes. The Company collects and remits taxes assessed by different governmental authorities that are both imposed on and concurrent with revenue producing transactions between the Company and its customers. These taxes include sales, use, value-added, and some excise taxes. The Company elected to exclude these taxes from the determination of sales price (excluded from revenues). Shipping and handling costs. Shipping and handling costs related to the sales of the Company’s equipment after a customer obtains control of the equipment are accrued at the time of the sale in cost of sales. Contract costs . The Company elected to recognize the incremental costs of obtaining a contract as an expense when incurred because the asset’s amortization period would be one year or less. The Company’s revenue by primary geographical market, major product line, and timing of revenue recognition in millions of dollars follow: Three Months Ended April 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ $ $ $ Canada Western Europe Central Europe and CIS Latin America Asia, Africa, Australia, New Zealand, Total $ $ $ $ Major product lines: Large Agriculture $ $ Small Agriculture Turf Construction $ Compact Construction Road Building Forestry Financial Products $ Other Total $ $ $ $ Timing of revenue recognition: Revenue recognized at a point in time $ $ $ Revenue recognized over time $ Total $ $ $ $ Six Months Ended April 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ $ $ $ Canada Western Europe Central Europe and CIS Latin America Asia, Africa, Australia, New Zealand, Total $ $ $ $ Major product lines: Large Agriculture $ $ Small Agriculture Turf Construction $ Compact Construction Road Building Forestry Financial Products $ Other Total $ $ $ $ Timing of revenue recognition: Revenue recognized at a point in time $ $ $ Revenue recognized over time $ Total $ $ $ $ Following is a description of the Company’s major product lines: Large Agriculture – Includes net sales of tractors with more than approximately 200 horsepower and associated attachments, combines, cotton pickers, cotton strippers, self-propelled forage harvesters and related attachments, and sugarcane harvesters, harvesting front-end equipment, sugarcane loaders and pull behind scrapers, tillage, seeding, and application equipment, including sprayers, nutrient management and soil preparation machinery, and related service parts. Small Agriculture – Includes net sales of medium and utility tractors with less than approximately 200 horsepower, hay and forage equipment, balers, mowers, and related service parts. Turf – Includes net sales of turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment, along with a broad line of associated implements, other outdoor power products, and related service parts. Construction – Includes net sales of a broad range of machines used in construction, earthmoving, and material handling, including backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, related attachments, and related service parts. Compact Construction – Includes net sales of smaller construction equipment, including compact excavators, compact track loaders, compact wheel loaders, skid steers, landscape loaders, related attachments, and related service parts. Road Building – Includes net sales of equipment used in road building and renovation, including milling machines, recyclers, slipform pavers, surface miners, asphalt pavers, compactors, tandem and static rollers mobile crushers and screens, mobile and stationary asphalt plants, related attachments, and related service parts. Forestry – Includes net sales of equipment used in timber harvesting, including log skidders, feller bunchers, log loaders, log forwarders, log harvesters, and related logging attachments, and related service parts. Financial Products – Includes finance and interest income primarily from retail notes related to sales of John Deere equipment to end customers, wholesale financing to dealers of John Deere equipment, and revolving charge accounts; lease income from retail leases of John Deere equipment; and revenue from extended warranties. Other – Includes sales of certain components to other equipment manufacturers, revenue earned over time from precision guidance, telematics, and other information enabled solutions, revenue from service performed at Company owned dealerships and service centers, gains on disposition of property and businesses, trademark licensing revenue, and other miscellaneous revenue items. The Company invoices in advance of recognizing the sale of certain products and the revenue for certain services. These items are primarily for premiums for extended warranties, advance payments for future equipment sales, and subscription and service revenue related to precision guidance and telematic services. These advanced customer payments are presented as deferred revenue, a contract liability, in accounts payable and accrued expenses in the consolidated balance sheet. The deferred revenue received, but not recognized in revenue, including extended warranty premiums also shown in Note 15, was $1,014 million and $915 million at April 28, 2019 and October 28, 2018, respectively. The contract liability is reduced as the revenue is recognized. During the second quarter and first six months of 2019, $103 million and $265 million, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of 2019. The Company entered into contracts with customers to deliver equipment and services that have not been recognized at April 28, 2019 because the equipment or services have not been provided. These contracts primarily relate to extended warranty and certain precision guidance and telematic services. The amount of unsatisfied performance obligations for contracts with an original duration greater than one year is $903 million at April 28, 2019. The estimated revenue to be recognized by fiscal year follows in millions of dollars: remainder of 2019 - $288, 2020 - $270, 2021 - $174, 2022 - $101, 2023 - $50, and later years - $20. As permitted, the Company elected only to disclose remaining performance obligations with an original contract duration greater than one year. The contracts with an expected duration of one year or less are generally for sales to dealers and end customers for equipment, service parts, repair services, and certain telematics services.

OTHER COMPREHENSIVE INCOME ITEM

OTHER COMPREHENSIVE INCOME ITEMS	6 Months Ended
	Apr. 28, 2019
OTHER COMPREHENSIVE INCOME ITEMS
OTHER COMPREHENSIVE INCOME ITEMS	(5)     Other Comprehensive Income Items 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 Debt Securities Income (Loss) Balance October 29, 2017 $ $ $ $ $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) Balance April 29, 2018 $ $ $ $ $ Balance October 28, 2018 $ $ $ $ $ ASU No. 2016-01 adoption* Other comprehensive income (loss) items before reclassification 32 16 Amounts reclassified from accumulated other comprehensive income 37 33 Net current period other comprehensive income (loss) 69 16 Balance April 28, 2019 $ $ $ $ * See Note 3. 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 April 28, 2019 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) Net unrealized gain (loss) on debt securities 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 OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ Before Tax After Tax (Expense) Tax Six Months Ended April 28, 2019 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 20 16 Net unrealized gain (loss) on debt securities 20 16 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 OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment 91 Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. Before Tax After Tax (Expense) Tax Three Months Ended April 29, 2018 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives 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 Settlements/curtailments OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the second quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income was $1.4 million and $1.7 million, respectively, which consisted of net income of $1.4 million and $1.4 million and cumulative translation adjustments of none and $.3 million, respectively. Before Tax After Tax (Expense) Tax Six Months Ended April 29, 2018 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives 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 Settlements/curtailments OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the first six months of 2019 and 2018, the noncontrolling interests’ comprehensive income was $2.5 million and $2.1 million, respectively, which consisted of net income of $2.5 million and $1.7 million and cumulative translation adjustments of none and $.4 million, respectively.

DIVIDENDS DECLARED AND PAID

DIVIDENDS DECLARED AND PAID	6 Months Ended
	Apr. 28, 2019
DIVIDENDS DECLARED AND PAID
DIVIDENDS DECLARED AND PAID	(6)     Dividends Declared and Paid Dividends declared and paid on a per share basis were as follows: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Dividends declared $ .76 $ .60 $ $ Dividends paid $ .76 $ .60 $ $

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Apr. 28, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	(7)     Earnings Per Share A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Net income attributable to Deere & Company $ 1,134.9 $ 1,208.3 $ 1,633.4 $ 673.2 Less income allocable to participating securities .2 .2 .1 Income allocable to common stock $ 1,134.9 $ 1,208.1 $ 1,633.2 $ 673.1 Average shares outstanding 317.9 324.2 318.1 323.4 Basic per share $ 3.57 $ 3.73 $ 5.13 $ 2.08 Average shares outstanding 317.9 324.2 318.1 323.4 Effect of dilutive share-based compensation 4.3 5.0 4.3 5.0 Total potential shares outstanding 322.2 329.2 322.4 328.4 Diluted per share $ 3.52 $ 3.67 $ 5.07 $ 2.05 During the second quarter and first six months of 2019, .6 million shares and .6 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive. During the second quarter and first six months of 2018, .5 million shares and .3 million shares, respectively, were excluded from the above per share computation.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Apr. 28, 2019
PENSION AND OTHER POSTRETIREMENT BENEFITS
PENSION AND OTHER POSTRETIREMENT BENEFITS	(8)     Pension and Other Postretirement Benefits The Company has several defined benefit pension plans and postretirement benefit (OPEB) plans, primarily health care and life insurance plans, covering its U.S. employees and employees in certain foreign countries. The worldwide components of net periodic pension cost consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Service cost $ 66 $ 76 $ 132 $ 148 Interest cost 111 97 222 195 Expected return on plan assets Amortization of actuarial loss 36 54 71 115 Amortization of prior service cost Settlements/curtailments Net cost $ 16 $ 42 $ 31 $ 82 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Service cost $ 10 $ $ 20 $ 22 Interest cost 53 48 107 96 Expected return on plan assets Amortization of actuarial loss 15 31 Amortization of prior service credit Net cost $ 39 $ 49 $ 81 $ 100 The components of net periodic pension and OPEB costs excluding the service cost component are included in the line item other operating expenses in the statement of consolidated income. During the first six months of 2019, the Company contributed approximately $32 million to its pension plans and $72 million to its OPEB plans. The Company presently anticipates contributing an additional $36 million to its pension plans and $64 million to its OPEB plans during the remainder of fiscal year 2019. These contributions primarily include direct benefit payments from Company funds.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 28, 2019
INCOME TAXES
INCOME TAXES	(9)  Income Taxes In 2019, the Company is subject to additional provisions of the U.S. tax reform legislation enacted in December 2017 (tax reform). Tax reform reduced the corporate income tax rate and transitioned from a worldwide corporate tax system to a modified territorial corporate tax system. The Company’s 2019 U.S. statutory corporate income tax rate is 21 percent and was approximately 23.3 percent for 2018. The provisions of tax reform affecting the Company in 2019 include a tax on global intangible low-taxed income (GILTI), a tax determined by base erosion and anti-abuse tax benefits (BEAT) for certain payments between a U.S. corporation and foreign subsidiaries, a limitation on the deductibility of certain executive compensation, a deduction for foreign derived intangible income (FDII), and interest expense limitations. Based on the current interpretations of tax reform legislation and related regulations, along with the Company’s 2019 forecasts, the Company does not expect the combined effect of these provisions to be significant for the 2019 provision for income taxes. In 2018, the Company recorded discrete tax measurement period adjustments related to the remeasurement of the Company’s net deferred tax assets to the new corporate income tax rate and for the deemed earnings repatriation tax (repatriation tax). Those adjustments for the second quarter and first six months of 2018 in millions of dollars follow: Three Months Ended Six Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ $ $ $ $ $ Deemed earnings repatriation tax Total discrete tax expense (benefit) $ $ $ $ $ $ The full year 2018 discrete tax expense for the remeasurement of the net deferred tax assets was $414 million and the repatriation tax was $290 million. The full year repatriation tax included an accrual of approximately $63 million for foreign withholding taxes on earnings of subsidiaries outside the U.S. that were previously expected to be indefinitely reinvested. The final repatriation tax amount will be determined later in 2019 based on completing the 2018 income tax filings and the interpretation of regulations. Based on current law, the Company paid the repatriation tax in 2019 with an expected U.S. income tax overpayment. The Company’s unrecognized tax benefits at April 28, 2019 were $285 million, compared to $279 million at October 28, 2018. The liability at April 28, 2019, October 28, 2018, and April 29, 2018 consisted of approximately $133 million, $128 million, and $157 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	6 Months Ended
	Apr. 28, 2019
SEGMENT REPORTING
SEGMENT REPORTING	(10)    Segment Reporting Worldwide net sales and revenues, operating profit, and identifiable assets by segment in millions of dollars follow: Three Months Ended Six Months Ended April 28 April 29 % April 28 April 29 % 2019 2018 Change 2019 2018 Change Net sales and revenues: Agriculture and turf $ 7,282 $ 7,049 +3 $ 11,963 $ 11,292 +6 Construction and forestry 2,991 2,698 +11 5,251 4,429 +19 Total net sales 10,273 9,747 +5 17,214 15,721 +9 Financial services 886 795 +11 1,741 1,572 +11 Other revenues 183 178 +3 371 340 +9 Total net sales and revenues $ 11,342 $ 10,720 +6 $ 19,326 $ 17,633 +10 Operating profit: * Agriculture and turf $ 1,019 $ 1,056 -4 $ 1,367 $ 1,443 -5 Construction and forestry 347 259 +34 576 291 +98 Financial services 170 179 -5 362 396 -9 Total operating profit 1,536 1,494 +3 2,305 2,130 +8 Reconciling items ** -48 -35 Income taxes +94 -57 Net income attributable to Deere & Company $ 1,135 $ 1,208 -6 $ 1,633 $ 673 +143 Intersegment sales and revenues: Agriculture and turf net sales $ 10 $ 15 -33 $ 18 $ 24 -25 Construction and forestry net sales Financial services 96 82 +17 168 145 +16 Equipment operations outside the U.S. and Canada: Net sales $ 4,141 $ 4,295 -4 $ 6,959 $ 6,804 +2 Operating profit 482 534 -10 658 680 -3 April 28 October 28 2019 2018 Identifiable assets: Agriculture and turf $ 10,793 $ 10,161 +6 Construction and forestry 10,349 9,855 +5 Financial services 47,240 45,720 +3 Corporate 4,348 4,372 -1 Total assets $ 72,730 $ 70,108 +4 *   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 OPEB costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES

FINANCING RECEIVABLES	6 Months Ended
	Apr. 28, 2019
FINANCING RECEIVABLES
FINANCING RECEIVABLES	(11)    Financing Receivables 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. Beginning in the first quarter of 2019, the Company ceased accruing finance income when these receivables are generally 90 days delinquent. Previously, finance income ceased accruing when the receivables were generally 120 days delinquent. This change in estimate was made on a prospective basis and did not have a significant effect on the Company’s consolidated financial statements. Management’s methodology to determine the collectability of delinquent accounts was not affected by the change. Generally, when receivables are 120 days delinquent the estimated uncollectible amount, after charging the dealer’s withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured. An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows: April 28, 2019 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 139 $ 73 $ $ 213 Construction and forestry 90 40 131 Other: Agriculture and turf 33 16 49 Construction and forestry 19 23 Total $ 281 $ 133 $ $ 416 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 213 $ 293 $ 17,644 $ 18,150 Construction and forestry 131 124 3,120 3,375 Other: Agriculture and turf 49 67 7,861 7,977 Construction and forestry 23 10 1,331 1,364 Total $ 416 $ 494 $ 29,956 30,866 Less allowance for credit losses 182 Total financing receivables – net $ 30,684 October 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 $ 133 $ 74 $ 63 $ 270 Construction and forestry 79 45 52 176 Other: Agriculture and turf 36 16 8 60 Construction and forestry 18 5 3 26 Total $ 266 $ 140 $ 126 $ 532 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 270 $ 201 $ 17,836 $ 18,307 Construction and forestry 176 40 3,101 3,317 Other: Agriculture and turf 60 15 8,274 8,349 Construction and forestry 26 3 1,252 1,281 Total $ 532 $ 259 $ 30,463 31,254 Less allowance for credit losses 178 Total financing receivables – net $ 31,076 April 29, 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 $ 117 $ 58 $ 44 $ 219 Construction and forestry 97 44 36 177 Other: Agriculture and turf 32 16 28 76 Construction and forestry 11 4 2 17 Total $ 257 $ 122 $ 110 $ 489 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 219 $ 171 $ 17,014 $ 17,404 Construction and forestry 177 42 2,899 3,118 Other: Agriculture and turf 76 16 7,072 7,164 Construction and forestry 17 4 1,192 1,213 Total $ 489 $ 233 $ 28,177 28,899 Less allowance for credit losses 187 Total financing receivables – net $ 28,712 An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows: Revolving Retail Charge Notes Accounts Other Total Three Months Ended April 28, 2019 Allowance: Beginning of period balance $ $ $ $ Provision 17 29 Write-offs Recoveries 11 Translation adjustments End of period balance * $ 115 $ $ 24 $ 182 Six Months Ended April 28, 2019 Allowance: Beginning of period balance $ $ $ $ Provision 15 16 36 Write-offs Recoveries 10 10 20 Translation adjustments End of period balance * $ 115 $ $ 24 $ 182 Financing receivables: End of period balance $ 21,525 $ 3,299 $ 6,042 $ 30,866 Balance individually evaluated ** $ 151 $ $ 15 $ 168 * Individual allowances were not significant. ** Remainder is collectively evaluated. Revolving Retail Charge Notes Accounts Other Total Three Months Ended April 29, 2018 Allowance: Beginning of period balance $ $ $ $ Provision Write-offs Recoveries Translation adjustments End of period balance * $ 120 $ 40 $ 27 $ Six Months Ended April 29, 2018 Allowance: Beginning of period balance $ $ $ $ Provision 5 9 4 Write-offs (14) (20) (3) Recoveries 10 11 Translation adjustments End of period balance * $ 120 $ 40 $ 27 $ Financing receivables: End of period balance $ 20,522 $ 3,205 $ 5,172 $ Balance individually evaluated ** $ 120 $ 1 $ 15 $ *   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 April 28, 2019* Receivables with specific allowance ** $ 35 $ 34 $ 14 $ 36 Receivables without a specific allowance ** 37 35 39 Total $ 72 $ 69 $ 14 $ 75 Agriculture and turf $ 54 $ 53 $ 11 $ 57 Construction and forestry $ 18 $ 16 $ $ 18 October 28, 2018* Receivables with specific allowance ** $ 28 $ 27 $ $ 30 Receivables without a specific allowance ** 37 35 41 Total $ 65 $ 62 $ $ 71 Agriculture and turf $ 50 $ 48 $ $ 54 Construction and forestry $ 15 $ 14 $ $ 17 April 29, 2018* Receivables with specific allowance ** $ 33 $ 31 $ 10 $ 34 Receivables without a specific allowance ** 41 40 43 Total $ 74 $ 71 $ 10 $ 77 Agriculture and turf $ 52 $ 51 $ $ 54 Construction and forestry $ 22 $ 20 $ $ 23 *    Finance income recognized was not material. **   Primarily retail notes. A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first six months of 2019, the Company identified 219 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $7 million pre-modification and $7 million post-modification. During the first six months of 2018, there were 253 financing receivable contracts, primarily retail notes, identified as troubled debt restructurings with aggregate balances of $13 million pre-modification and $13 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At April 28, 2019, the Company had commitments to lend approximately $10 million to borrowers whose accounts were modified in troubled debt restructurings.

SECURITIZATION OF FINANCING REC

SECURITIZATION OF FINANCING RECEIVABLES	6 Months Ended
	Apr. 28, 2019
SECURITIZATION OF FINANCING RECEIVABLES
SECURITIZATION OF FINANCING RECEIVABLES	(12)    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. Restricted cash results from contractual requirements in securitized borrowing arrangements and serves as a credit enhancement. The restricted cash is used to satisfy payment deficiencies, if any, in the required payments on secured borrowings. The balance of restricted cash is contractually stipulated and is either a fixed amount as determined by the initial balance of the financing receivables securitized or a fixed percentage of the outstanding balance of the securitized financing receivables. The restriction is removed either after all secured borrowing payments are made or proportionally as these receivables are collected and borrowing obligations reduced. 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 $2,771 million, $2,593 million, and $2,489 million at April 28, 2019, October 28, 2018, and April 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) of these SPEs totaled $2,693 million, $2,520 million, and $2,438 million at April 28, 2019, October 28, 2018, and April 29, 2018, 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 $671 million, $504 million, and $686 million at April 28, 2019, October 28, 2018, and April 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) were $631 million, $475 million, and $656 million at April 28, 2019, October 28, 2018, and April 29, 2018, 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 $1,477 million, $1,033 million, and $1,383 million at April 28, 2019, October 28, 2018, and April 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) related to these conduits were $1,382 million, $965 million, and $1,310 million at April 28, 2019, October 28, 2018, and April 29, 2018, respectively. The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets, was as follows in millions of dollars: April 28 2019 Carrying value of liabilities $ Maximum exposure to loss The total assets of unconsolidated VIEs related to securitizations were approximately $38 billion at April 28, 2019. The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars: April 28 October 28 April 29 2019 2018 2018 Financing receivables securitized (retail notes) $ 4,826 $ 4,032 $ 4,450 Allowance for credit losses Other assets 105 108 122 Total restricted securitized assets $ 4,919 $ 4,130 $ 4,558 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: April 28 October 28 April 29 2019 2018 2018 Short-term securitization borrowings $ 4,702 $ 3,957 $ 4,401 Accrued interest on borrowings Total liabilities related to restricted securitized assets $ 4,706 $ 3,960 $ 4,404 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 April 28, 2019, the maximum remaining term of all securitized retail notes was approximately seven years.

INVENTORIES

INVENTORIES	6 Months Ended
	Apr. 28, 2019
INVENTORIES
INVENTORIES	(13)    Inventories A majority of inventory owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method. If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows: April 28 October 28 April 29 2019 2018 2018 Raw materials and supplies $ 2,424 $ 2,233 $ 2,231 Work-in-process 873 776 900 Finished goods and parts 5,729 4,777 5,208 Total FIFO value 9,026 7,786 8,339 Less adjustment to LIFO value 1,865 1,637 1,450 Inventories $ 7,161 $ 6,149 $ 6,889

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	6 Months Ended
	Apr. 28, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
GOODWILL AND OTHER INTANGIBLE ASSETS-NET	(14)    Goodwill and Other Intangible Assets-Net 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 29, 2017 $ $ $ Acquisitions Divestitures Translation adjustments Goodwill at April 29, 2018 $ $ $ Goodwill at October 28, 2018 $ $ $ Translation adjustments Goodwill at April 28, 2019 $ 581 $ 2,444 $ 3,025 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 * April 28 October 28 April 29 (Years) 2019 2018 2018 Amortized intangible assets: Customer lists and relationships 16 $ 528 $ 542 $ 590 Technology, patents, trademarks, and other 18 1,059 1,080 1,109 Total at cost 1,587 1,622 1,699 Less accumulated amortization ** 234 183 130 Total 1,353 1,439 1,569 Unamortized intangible assets: In-process research and development 123 123 Other intangible assets – net $ 1,476 $ 1,562 $ 1,692 *    Weighted-averages **   Accumulated amortization at April 28, 2019, October 28, 2018, and April 29, 2018 for customer lists and relationships totaled $62 million, $46 million, and $30 million and technology, patents, trademarks, and other totaled $172 million, $137 million, and $100 million, respectively. The amortization of other intangible assets in the second quarter and the first six months of 2019 was $29 million and $57 million and for 2018 was $31 million and $44 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2019 – $52, 2020 – $104, 2021 – $103, 2022 – $102, and 2023 – $100.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 28, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	(15)    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 $525 million and $475 million at April 28, 2019 and April 29, 2018, respectively. A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Beginning of period balance $ 1,687 $ 1,550 $ 1,652 $ 1,468 Payments Amortization of premiums received Accruals for warranties 256 260 510 453 Premiums received 69 65 134 126 Acquisitions 80 Foreign exchange End of period balance $ 1,714 $ 1,591 $ 1,714 $ 1,591 At April 28, 2019, the Company had approximately $315 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 and Wirtgen equipment. The Company may recover a portion of any required payments incurred under these agreements from repossession of the equipment collateralizing the receivables. At April 28, 2019, the Company had accrued losses of approximately $12 million under these agreements. The maximum remaining term of the receivables guaranteed at April 28, 2019 was approximately seven years. At April 28, 2019, the Company had commitments of approximately $411 million for the construction and acquisition of property and equipment. Also, at April 28, 2019, the Company had restricted assets of $93 million, classified as other assets. See Note 12 for additional restricted assets associated with borrowings related to securitizations. The Company also had other miscellaneous contingent liabilities totaling approximately $80 million at April 28, 2019. The accrued liability for these contingencies was not material at April 28, 2019. 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	6 Months Ended
	Apr. 28, 2019
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(16)    Fair Value Measurements Fa 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: April 28, 2019 October 28, 2018 April 29, 2018 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 102 $ 95 $ 93 $ 91 $ 76 $ 74 Financial services 25,768 25,697 26,961 26,722 24,200 23,997 Total $ 25,870 $ 25,792 $ 27,054 $ 26,813 $ 24,276 $ 24,071 Financing receivables securitized – net: Equipment operations $ 59 $ 57 $ 76 $ 73 $ 113 $ 110 Financial services 4,755 4,726 3,946 3,895 4,323 4,273 Total $ 4,814 $ 4,783 $ 4,022 $ 3,968 $ 4,436 $ 4,383 Short-term securitization borrowings: Equipment operations $ 58 $ 58 $ 75 $ 75 $ 113 $ 113 Financial services 4,644 4,653 3,882 3,870 4,288 4,274 Total $ 4,702 $ 4,711 $ 3,957 $ 3,945 $ 4,401 $ 4,387 Long-term borrowings due within one year: Equipment operations $ 982 $ 987 $ 970 $ 979 $ 274 $ 273 Financial services 5,321 5,305 5,427 5,411 6,566 6,559 Total $ 6,303 $ 6,292 $ 6,397 $ 6,390 $ 6,840 $ 6,832 Long-term borrowings: Equipment operations $ 4,679 $ 5,110 $ 4,714 $ 4,948 $ 5,537 $ 5,850 Financial services 23,576 23,805 22,523 22,590 20,742 20,769 Total $ 28,255 $ 28,915 $ 27,237 $ 27,538 $ 26,279 $ 26,619 *    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*: April 28 October 28 April 29 2019 2018 2018 Level 1: Marketable securities Equity fund $ 58 $ $ Fixed income fund U.S. government debt securities 44 Total Level 1 marketable securities 102 Level 2: Marketable securities U.S. government debt securities 73 Municipal debt securities 55 Corporate debt securities 148 International debt securities Mortgage-backed securities ** 154 Total Level 2 marketable securities 439 Other assets Derivatives: Interest rate contracts 139 Foreign exchange contracts 99 Cross-currency interest rate contracts Total Level 2 other assets 240 Accounts payable and accrued expenses Derivatives: Interest rate contracts 165 Foreign exchange contracts 48 Cross-currency interest rate contracts Total Level 2 accounts payable and accrued expenses 215 371 Level 3: Marketable securities International debt securities *   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 and time deposits. ** Primarily issued by U.S. government sponsored enterprises. The contractual maturities of debt securities at April 28, 2019 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 $ 28 $ 28 Due after one through five years 111 111 Due after five through 10 years 96 97 Due after 10 years 95 97 Mortgage-backed securities 155 154 Debt securities $ 485 $ 487 Fair value, recurring Level 3 measurements from available-for-sale marketable securities in millions of dollars follow: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Beginning of period balance $ $ $ $ Principal payments Other End of period balance $ $ $ $ There were no fair value, nonrecurring measurements from impairments in the reported periods. Financing receivables with specific allowances are shown in Note 11. 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.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Apr. 28, 2019
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	(17)    Derivative 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. In addition, the Company has interest rate exposure at certain equipment operations units for below market retail financing programs that are used as sales incentives and are offered for extended periods. 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. Cash Flow Hedges Certain interest rate and cross-currency interest rate contracts (swaps) were designated as hedges of future cash flows from borrowings. The total notional amounts of the receive-variable/pay-fixed interest rate contracts at April 28, 2019, October 28, 2018, and April 29, 2018 were $2,800 million, $3,050 million, and $1,800 million, respectively. The total notional amounts of the cross-currency interest rate contracts at April 29, 2018 was $11 million. 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. 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 April 28, 2019 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 $1 million after-tax. These contracts mature in up to 20 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 April 28, 2019, October 28, 2018, and April 29, 2018 were $9,464 million, $8,479 million, and $8,421 million, respectively. The fair value gains or losses on these contracts were generally offset by fair value gains or losses on the hedged items (fixed-rate borrowings) with both items recorded in interest expense. The amounts recorded in the consolidated balance sheet related to borrowings designated in fair value hedging relationships in millions of dollars follow: Cumulative Increase (Decrease) of Fair Value Hedging Adjustments Included in the Carrying Amount Carrying Active Amount of Hedging Discontinued April 28, 2019 Hedged Item Relationships Relationships Total Long-term borrowings due within one year* $ 190 $ $ $ Long-term borrowings 9,169 *   Presented in short-term borrowings 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, purchases or sales of inventory, and below market retail financing programs. The total notional amounts of these interest rate swaps at April 28, 2019, October 28, 2018, and April 29, 2018 were $7,775 million, $8,075 million, and $7,189 million, the foreign exchange contracts were $7,123 million, $6,842 million, and $6,791 million, and the cross-currency interest rate contracts were $98 million, $81 million, and $92 million, respectively. At April 28, 2019, October 28, 2018, and April 29, 2018, there were also $13 million, $66 million, and $123 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: April 28 October 28 April 29 Other Assets 2019 2018 2018 Designated as hedging instruments: Interest rate contracts $ 105 $ 29 $ 34 Cross-currency interest rate contracts Total designated 105 29 37 Not designated as hedging instruments: Interest rate contracts 34 51 53 Foreign exchange contracts 99 83 101 Cross-currency interest rate contracts Total not designated 135 139 157 Total derivative assets $ 240 $ 168 $ 194 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 125 $ 321 $ 316 Total designated 125 321 316 Not designated as hedging instruments: Interest rate contracts 40 29 25 Foreign exchange contracts 48 49 28 Cross-currency interest rate contracts Total not designated 90 78 55 Total derivative liabilities $ 215 $ 399 $ 371 The classification and gains (losses) including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Fair Value Hedges: Interest rate contracts - Interest expense $ 141 $ $ 274 $ Cash Flow Hedges : Recognized in OCI Interest rate contracts - OCI (pretax) * Foreign exchange contracts - OCI (pretax) * Reclassified from OCI Interest rate contracts - Interest expense * Not Designated as Hedges: Interest rate contracts - Net sales $ $ Interest rate contracts - Interest expense * $ Foreign exchange contracts - Cost of sales 12 $ Foreign exchange contracts - Other operating * 80 100 Total not designated $ 75 $ $ 72 $ *   Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. Counterparty Risk and Collateral 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. Each master agreement permits the net settlement of amounts owed in the event of default or termination. Certain of the Company’s derivative agreements contain credit support provisions that may require the Company to post collateral based on the size of the net liability positions and credit ratings. The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at April 28, 2019, October 28, 2018, and April 29, 2018, was $166 million, $350 million, and $344 million, respectively. In accordance with the limits established in these agreements, the Company received $1 million in cash collateral at April 28, 2019. The Company posted $59 million and $32 million in cash collateral at October 28, 2018 and April 29, 2018 respectively. 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 April 28, 2019 Recognized Arrangements Received Net Amount Assets $ 240 $ $ $ 140 Liabilities 215 116 Gross Amounts Netting Collateral October 28, 2018 Recognized Arrangements Paid Net Amount Assets $ 168 $ $ 103 Liabilities 399 $ 275 Gross Amounts Netting Collateral April 29, 2018 Recognized Arrangements Paid Net Amount Assets $ 194 $ $ 120 Liabilities 371 $ 265

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK AWARDS	6 Months Ended
	Apr. 28, 2019
STOCK OPTION AND RESTRICTED STOCK AWARDS
STOCK OPTION AND RESTRICTED STOCK AWARDS	(18)    Stock Option and Restricted Stock Awards In December 2018, the Company granted stock options to employees for the purchase of 402 thousand shares of common stock at an exercise price of $148.14 per share and a binomial lattice model fair value of $46.96 per share at the grant date. At April 28, 2019, options for 8.0 million shares were outstanding with a weighted-average exercise price of $91.38 per share. The Company also granted 429 thousand restricted stock units to employees and non-employee directors in the first six months of 2019, of which 337 thousand are subject to service based only conditions and 92 thousand are subject to performance/service based conditions. The weighted-average fair value of the service based only units at the grant date was $149.09 per unit based on the market price of a share of underlying common stock. The weighted-average fair value of the performance/service based units at the grant date was $140.49 per unit based on the market price of a share of underlying common stock excluding dividends. At April 28, 2019, the Company was authorized to grant an additional 8.3 million shares related to stock option and restricted stock awards.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Apr. 28, 2019
ACQUISITIONS
ACQUISITIONS	(19)    Acquisitions In September 2018, the Company acquired PLA, a privately held manufacturer of sprayers, planters, and specialty products for agriculture. PLA is based in Argentina, with manufacturing facilities in Las Roses, Argentina and Canoas, Brazil. The total cash purchase price before the final adjustment, net of cash acquired of $1 million, was $74 million with $4 million retained by the Company as escrow to secure indemnity obligations. In addition to the cash purchase price, the Company assumed $29 million of liabilities. The preliminary asset and liability fair values at the acquisition date in millions of dollars follow: September 2018 Trade accounts and notes receivable $ Other receivables Inventories Property and equipment Goodwill Other intangible assets Other assets Total assets $ 103 Short-term borrowings $ Accounts payable and accrued expenses Deferred income taxes Total liabilities $ 29 The identifiable intangible assets were primarily related to technology, trademarks, and customer relationships, which have a weighted-average amortization period of five years. The goodwill was the result of future cash flows and related fair values of the entity exceeding the fair value of the identified assets and liabilities, and is not expected to be deducted for tax purposes. The results of PLA were included in the Company’s consolidated financial statements in the agriculture and turf segment since the date of acquisition. The pro forma results of operations as if the acquisition had occurred at the beginning of the prior fiscal year would not differ significantly from the reported results.

SUPPLEMENTAL CONSOLIDATING DATA

SUPPLEMENTAL CONSOLIDATING DATA	6 Months Ended
	Apr. 28, 2019
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 10,272.8 $ 9,747.0 Finance and interest income 25.1 27.8 $ 909.7 $ 812.5 Other income 213.6 202.9 72.4 64.9 Total 10,511.5 9,977.7 982.1 877.4 Costs and Expenses Cost of sales 7,755.1 7,333.8 Research and development expenses 457.1 415.2 Selling, administrative and general expenses 795.2 799.5 153.6 141.5 Interest expense 43.5 78.2 311.7 231.2 Interest compensation to Financial Services 92.4 80.6 Other operating expenses 67.1 66.7 344.5 324.7 Total 9,210.4 8,774.0 809.8 697.4 Income of Consolidated Group before Income Taxes 1,301.1 1,203.7 172.3 180.0 Provision for income taxes 291.4 100.8 52.1 76.3 Income of Consolidated Group 1,009.7 1,102.9 120.2 103.7 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 120.7 104.1 .5 .4 Other 5.9 2.7 Total 126.6 106.8 .5 .4 Net Income 1,136.3 1,209.7 120.7 104.1 Less: Net income attributable to noncontrolling interests 1.4 1.4 Net Income Attributable to Deere & Company $ 1,134.9 $ 1,208.3 $ 120.7 $ 104.1 *   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. SUPPLEMENTAL CONSOLIDATING DATA (Continued) STATEMENT OF INCOME For the Six Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 17,213.7 $ 15,721.0 Finance and interest income 48.5 39.4 $ 1,775.9 $ 1,589.4 Other income 428.5 399.3 132.9 127.7 Total 17,690.7 16,159.7 1,908.8 1,717.1 Costs and Expenses Cost of sales 13,187.2 12,038.8 Research and development expenses 863.8 772.0 Selling, administrative and general expenses 1,439.7 1,390.2 274.9 257.7 Interest expense 115.0 174.2 598.8 425.3 Interest compensation to Financial Services 161.5 142.2 Other operating expenses 138.5 138.9 669.5 635.9 Total 15,905.7 14,656.3 1,543.2 1,318.9 Income of Consolidated Group before Income Taxes 1,785.0 1,503.4 365.6 398.2 Provision (credit) for income taxes 435.5 1,364.7 92.0 Income of Consolidated Group 1,349.5 138.7 273.6 528.2 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 274.6 529.4 1.0 1.2 Other 11.8 6.8 Total 286.4 536.2 1.0 1.2 Net Income 1,635.9 674.9 274.6 529.4 Less: Net income attributable to noncontrolling interests 2.5 1.7 Net Income Attributable to Deere & Company $ 1,633.4 $ 673.2 $ 274.6 $ 529.4 *   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 April 28 October 28 April 29 April 28 October 28 April 29 2019 2018 2018 2019 2018 2018 Assets Cash and cash equivalents $ 2,893.4 $ 3,194.8 $ 2,988.9 $ 590.3 $ 709.2 $ 1,212.5 Marketable securities 6.9 8.2 16.9 538.2 481.9 462.4 Receivables from unconsolidated subsidiaries 1,091.6 1,700.4 1,668.0 Trade accounts and notes receivable – net 1,607.8 1,373.7 1,515.9 7,554.2 4,906.4 6,436.0 Financing receivables – net 101.8 93.1 75.7 25,768.5 26,961.0 24,199.8 Financing receivables securitized – net 58.9 76.1 113.1 4,754.7 3,945.3 4,323.2 Other receivables 1,325.3 1,009.7 1,273.3 166.2 775.7 190.1 Equipment on operating leases – net 7,039.9 7,165.4 6,723.1 Inventories 7,160.9 6,148.9 6,888.9 Property and equipment – net 5,711.9 5,820.6 5,696.0 45.2 46.9 46.9 Investments in unconsolidated subsidiaries 5,186.8 5,231.2 4,915.9 15.6 15.2 15.3 Goodwill 3,024.9 3,100.7 3,188.7 Other intangible assets – net 1,475.9 1,562.4 1,692.2 Retirement benefits 1,325.3 1,241.5 617.9 57.4 56.8 15.0 Deferred income taxes 1,574.9 1,502.6 2,065.5 72.8 69.4 76.4 Other assets 1,235.1 1,132.8 1,186.3 636.7 587.1 577.3 Total Assets $ 33,781.4 $ 33,196.7 $ 33,903.2 $ 47,239.7 $ 45,720.3 $ 44,278.0 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 1,336.9 $ 1,434.0 $ 659.1 $ 10,424.9 $ 9,627.4 $ 10,235.5 Short-term securitization borrowings 58.3 75.6 113.2 4,643.9 3,881.7 4,287.9 Payables to unconsolidated subsidiaries 199.5 128.9 145.7 1,057.5 1,678.7 1,633.7 Accounts payable and accrued expenses 9,470.7 9,382.5 9,265.7 1,812.6 2,055.7 2,030.8 Deferred income taxes 460.9 496.8 462.9 661.5 823.0 523.2 Long-term borrowings 4,678.8 4,713.9 5,536.5 23,576.6 22,523.5 20,742.1 Retirement benefits and other liabilities 5,638.0 5,659.8 7,285.5 95.1 91.2 95.6 Total liabilities 21,843.1 21,891.5 23,468.6 42,272.1 40,681.2 39,548.8 Commitments and contingencies (Note 15) Redeemable noncontrolling interest 14.3 14.6 Stockholders’ Equity Common stock, $1 par value (issued shares at April 28, 2019 – 536,431,204) 4,559.1 4,474.2 4,423.4 2,106.9 2,099.5 2,099.1 Common stock in treasury Retained earnings 28,708.8 27,553.0 25,586.0 3,227.5 3,257.2 2,872.4 Accumulated other comprehensive income (loss) Total Deere & Company stockholders’ equity 11,919.5 11,287.8 10,410.3 4,967.6 5,039.1 4,729.2 Noncontrolling interests 4.5 3.4 9.7 Total stockholders’ equity 11,924.0 11,291.2 10,420.0 4,967.6 5,039.1 4,729.2 Total Liabilities and Stockholders’ Equity $ 33,781.4 $ 33,196.7 $ 33,903.2 $ 47,239.7 $ 45,720.3 $ 44,278.0 *   Deere & Company with Financial Services on the equity basis. The supplemental consolidating data is presented for informational purposes. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements. SUPPLEMENTAL CONSOLIDATING DATA (Continued) STATEMENT OF CASH FLOWS For the Six Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Cash Flows from Operating Activities Net income $ 1,635.9 $ 674.9 $ 274.6 $ 529.4 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 4.5 9.2 32.1 17.6 Provision for depreciation and amortization 525.2 483.8 557.3 529.3 Gain on sales of businesses Undistributed earnings of unconsolidated subsidiaries and affiliates 29.8 (.8) Provision (credit) for deferred income taxes 934.5 Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables Inventories Accounts payable and accrued expenses 247.4 578.0 53.0 84.2 Accrued income taxes payable/receivable 147.4 501.1 5.6 Retirement benefits 16.6 62.7 3.7 4.9 Other 67.7 99.6 71.9 Net cash provided by operating activities 708.0 1,051.0 1,356.1 911.7 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 9,893.7 9,486.7 Proceeds from maturities and sales of marketable securities 5.3 3.6 25.0 20.2 Proceeds from sales of equipment on operating leases 823.4 748.6 Proceeds from sales of businesses, net of cash sold 55.0 Cost of receivables acquired (excluding trade and wholesale) Acquisitions of businesses, net of cash acquired Purchases of marketable securities Purchases of property and equipment (.6) Cost of equipment on operating leases acquired Increase in trade and wholesale receivables Other 44.2 19.5 Net cash used for investing activities Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings 1,701.1 266.2 Change in intercompany receivables/payables 610.8 641.6 Proceeds from long-term borrowings 120.3 107.1 4,111.9 3,970.6 Payments of long-term borrowings Proceeds from issuance of common stock 94.7 198.6 Repurchases of common stock Dividends paid Other Net cash provided by (used for) financing activities 1,608.6 1,617.4 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 152.3 Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 40.3 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,201.8 8,174.4 813.5 1,292.4 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 2,903.8 $ 2,996.5 $ 681.8 $ 1,332.7 *   Deere & Company with Financial Services on the equity basis. The supplemental consolidating data is presented for informational purposes. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Policies)	6 Months Ended
	Apr. 28, 2019
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 second quarter ends for fiscal year 2019 and 2018 were April 28, 2019 and April 29, 2018, 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.
Revenue Recognition	Sales of equipment and service parts. Sales of equipment and service parts are recognized when each of the following criteria are met: (1) the Company and an independent customer approve a contract with commercial substance, (2) the sales price is determinable and collectability of the payments are probable based on the terms outlined in the contract, and (3) control of the goods has transferred to the customer. Transfer of control generally occurs for equipment and service parts when the good is delivered as specified in the contract and the risks and rewards of ownership are transferred. In the U.S. and most international locations, this transfer occurs primarily when goods are shipped. In Canada and some other international locations, certain goods are shipped to dealers on a consignment basis under which the risks and rewards of ownership are not transferred to the dealer at the time the goods are shipped. Accordingly, in these locations, sales are not recorded until a retail customer has purchased the goods. Generally, no right of return exists on sales of equipment. In limited instances, equipment is transferred to a customer or a financial institution with an obligation to repurchase the equipment for a specified amount, which is exercisable at the customer’s option. When the equipment is expected to be repurchased, those arrangements are accounted for as leases. When the operating lease criteria are met, no sale is recorded at the time of the equipment transfer and the difference between sale price and the specified repurchase amount is recognized as revenue on a straight-line basis until the customer’s option expires. When this equipment is not expected to be repurchased, a sale is recorded with a return obligation. Under the terms of sales agreements with dealers, interest-free periods are determined based on the type of equipment sold and the time of year of the sale. These periods range from one to twelve months for most equipment. Interest-free periods may not be extended. Interest is primarily charged to dealers on outstanding balances, from the earlier of the date when goods are sold to retail customers by the dealer or the expiration of certain interest-free periods granted at the time of the sale to the dealer, until payment is received by the Company. Interest charged may not be forgiven and the past due interest rates exceed market rates. Dealers cannot cancel purchases after the equipment is shipped and are responsible for payment even if the equipment is not sold to retail customers. If the interest-free or below market interest rate period exceeds one year, the Company adjusts the expected sales revenue for the effects of the time value of money using a current market interest rate. The revenue related to the financing component is recognized in finance and interest income using the interest method. The Company elected to not adjust the sales price to account for a financing component if the expected interest-free or below market period is one year or less. Service parts and certain attachments returns are estimable and accrued at the time a sale is recognized. The estimated parts returns are recorded in other assets for the inventory value of estimated part returns, adjusted for restocking fees. The estimated dealer refund liability, adjusted for restocking fees, is recorded in accounts payable and accrued expenses. The estimated returns are based on historical return rates, current dealer inventory levels, and current economic conditions. Sales incentives. In certain markets, the Company provides sales incentives to dealers. These incentives may be based on a dealer’s purchase volume, or on retail sales incentive programs for allowances and financing programs that will be due when the dealer sells the equipment to a retail customer. At the time of the sale to a dealer, the Company records an estimated cost of these programs as a reduction to the sales price. The estimated cost is based on historical data, field inventory levels, and forecasted sales volumes. The final cost of these programs is determined at the end of the measurement period for volume based incentives or when the dealer sells the equipment to a retail customer. Actual cost differences from the original cost estimate are recognized in net sales. Product warranties. For most equipment and parts sales, the Company provides a standard warranty to provide assurance that the equipment will function as intended for a specified period. At the time a sale is recognized, the estimated future warranty costs are recorded. The Company generally determines its total warranty liability by applying historical warranty 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 with consideration of current quality developments. The Company also offers extended warranty arrangements for purchase at the customer’s option. The premiums for extended warranties are recognized in other income in the statement of consolidated income primarily in proportion to the costs expected to be incurred over the contract period. The unamortized extended warranty premiums (deferred revenue) are recorded in accounts payable and accrued expenses in the consolidated balance sheet. Remanufactured components and parts. The Company remanufactures used engines and components (cores) that are sold to dealers and end customers for maintenance and repair parts. Revenue for remanufactured components is recognized using the same criteria as other parts sales. When a remanufactured part is sold, the Company collects a deposit that is repaid if the customer returns a core that meets certain specifications within a defined time period. The deposit received from the customer is recognized as a liability in accounts payable and accrued expenses and the used component that is expected to be returned is recognized in other assets in the consolidated balance sheet. When a customer returns a core, the deposit is repaid, the liability reversed, and the returned core is recorded in inventory to be remanufactured and sold to another customer. If a core is not returned within the required time as estimated, the deposit is recognized as revenue in net sales, and the estimated core return is recorded as an expense in cost of sales in the statement of consolidated income. Precision guidance, telematics, and other information enabled solutions. Certain equipment is sold with precision guidance, telematics, and other information gathering and analyzing capabilities. The solutions require hardware, software, and include an obligation to provide telematic services for a specific period of time. These solutions are generally bundled with the sale of the equipment and can also be purchased or renewed separately. The revenue related to the hardware and embedded software is generally recognized at the time of the equipment sale and recorded in net sales in the consolidated statement of income. The revenue for the future services is generally deferred and recognized over the service period. The deferred revenue is recorded as a contract liability in accounts payable and accrued expenses in the consolidated balance sheet and is recognized in other income with the associated expenses recognized in other operating expenses in the statement of consolidated income. Allowance for credit losses. The Company also records an allowance for credit losses related to the receivables from sales (trade receivables and certain financing receivables) in selling, administrative and general expenses. The allowance represents an estimate of the losses inherent in the receivable portfolio. The allowance is based on many quantitative and qualitative factors. The adequacy of the allowance is reviewed quarterly. Sales and transaction taxes. The Company collects and remits taxes assessed by different governmental authorities that are both imposed on and concurrent with revenue producing transactions between the Company and its customers. These taxes include sales, use, value-added, and some excise taxes. The Company elected to exclude these taxes from the determination of sales price (excluded from revenues). Shipping and handling costs. Shipping and handling costs related to the sales of the Company’s equipment after a customer obtains control of the equipment are accrued at the time of the sale in cost of sales. Contract costs . The Company elected to recognize the incremental costs of obtaining a contract as an expense when incurred because the asset’s amortization period would be one year or less.
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. Beginning in the first quarter of 2019, the Company ceased accruing finance income when these receivables are generally 90 days delinquent. Previously, finance income ceased accruing when the receivables were 120 days delinquent. This change in estimate was made on a prospective basis and did not have a significant effect on the Company’s consolidated financial statements. Management’s methodology to determine the collectability of delinquent accounts was not affected by the change. Generally, when receivables are 120 days delinquent the estimated uncollectible amount, after charging the dealer’s withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured. 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	A majority of inventory 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. The historical claims rate is primarily determined by a review of five-year claims costs and current quality developments.
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.

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION (Tables)	6 Months Ended
	Apr. 28, 2019
ORGANIZATION AND CONSOLIDATION
Maximum Exposure to Losses from Variable Interest Entities	The maximum exposure to losses at April 28, 2019 and October 28, 2018 in millions of dollars follows: April 28, 2019 October 28, 2018 Receivables from unconsolidated affiliates $ $ Investment in unconsolidated affiliates Loan guarantee Total $ $

NEW ACCOUNTING STANDARDS (Table

NEW ACCOUNTING STANDARDS (Tables)	6 Months Ended
	Apr. 28, 2019
NEW ACCOUNTING STANDARDS
Schedule of Change for the Estimated Parts Returns	The table below reflects the change for the estimated parts returns in the affected lines on the consolidated balance sheet in millions of dollars. October 28, 2018 Cumulative Effect October 29, 2018 Assets Other assets $ $ $ Liabilities Accounts payable and accrued expenses $ $ $

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Apr. 28, 2019
REVENUE RECOGNITION
Schedule of Revenue Recognition	The Company’s revenue by primary geographical market, major product line, and timing of revenue recognition in millions of dollars follow: Three Months Ended April 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ $ $ $ Canada Western Europe Central Europe and CIS Latin America Asia, Africa, Australia, New Zealand, Total $ $ $ $ Major product lines: Large Agriculture $ $ Small Agriculture Turf Construction $ Compact Construction Road Building Forestry Financial Products $ Other Total $ $ $ $ Timing of revenue recognition: Revenue recognized at a point in time $ $ $ Revenue recognized over time $ Total $ $ $ $ Six Months Ended April 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ $ $ $ Canada Western Europe Central Europe and CIS Latin America Asia, Africa, Australia, New Zealand, Total $ $ $ $ Major product lines: Large Agriculture $ $ Small Agriculture Turf Construction $ Compact Construction Road Building Forestry Financial Products $ Other Total $ $ $ $ Timing of revenue recognition: Revenue recognized at a point in time $ $ $ Revenue recognized over time $ Total $ $ $ $

OTHER COMPREHENSIVE INCOME IT_2

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	6 Months Ended
	Apr. 28, 2019
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 Debt Securities Income (Loss) Balance October 29, 2017 $ $ $ $ $ Other comprehensive income (loss) items before reclassification Amounts reclassified from accumulated other comprehensive income Net current period other comprehensive income (loss) Balance April 29, 2018 $ $ $ $ $ Balance October 28, 2018 $ $ $ $ $ ASU No. 2016-01 adoption* Other comprehensive income (loss) items before reclassification 32 16 Amounts reclassified from accumulated other comprehensive income 37 33 Net current period other comprehensive income (loss) 69 16 Balance April 28, 2019 $ $ $ $ * See Note 3.
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 April 28, 2019 Amount Credit Amount Cumulative translation adjustment $ $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) Net unrealized gain (loss) on debt securities 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 OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ Before Tax After Tax (Expense) Tax Six Months Ended April 28, 2019 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 20 16 Net unrealized gain (loss) on debt securities 20 16 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 OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment 91 Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. Before Tax After Tax (Expense) Tax Three Months Ended April 29, 2018 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives 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 Settlements/curtailments OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the second quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income was $1.4 million and $1.7 million, respectively, which consisted of net income of $1.4 million and $1.4 million and cumulative translation adjustments of none and $.3 million, respectively. Before Tax After Tax (Expense) Tax Six Months Ended April 29, 2018 Amount Credit Amount Cumulative translation adjustment $ $ Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) $ Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense Net unrealized gain (loss) on derivatives 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 Settlements/curtailments OPEB 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 Net unrealized gain (loss) on retirement benefits adjustment Total other comprehensive income (loss) $ $ $ *   These accumulated other comprehensive income amounts are included in net periodic pension and OPEB costs. See Note 8 for additional detail. In the first six months of 2019 and 2018, the noncontrolling interests’ comprehensive income was $2.5 million and $2.1 million, respectively, which consisted of net income of $2.5 million and $1.7 million and cumulative translation adjustments of none and $.4 million, respectively.

DIVIDENDS DECLARED AND PAID (Ta

DIVIDENDS DECLARED AND PAID (Tables)	6 Months Ended
	Apr. 28, 2019
DIVIDENDS DECLARED AND PAID
Dividends Declared and Paid	Dividends declared and paid on a per share basis were as follows: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Dividends declared $ .76 $ .60 $ $ Dividends paid $ .76 $ .60 $ $

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Apr. 28, 2019
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Net Income (Loss) Per Share	A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Net income attributable to Deere & Company $ 1,134.9 $ 1,208.3 $ 1,633.4 $ 673.2 Less income allocable to participating securities .2 .2 .1 Income allocable to common stock $ 1,134.9 $ 1,208.1 $ 1,633.2 $ 673.1 Average shares outstanding 317.9 324.2 318.1 323.4 Basic per share $ 3.57 $ 3.73 $ 5.13 $ 2.08 Average shares outstanding 317.9 324.2 318.1 323.4 Effect of dilutive share-based compensation 4.3 5.0 4.3 5.0 Total potential shares outstanding 322.2 329.2 322.4 328.4 Diluted per share $ 3.52 $ 3.67 $ 5.07 $ 2.05

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Apr. 28, 2019
PENSION AND OTHER POSTRETIREMENT BENEFITS
Components of Pension and Other Postretirement Benefit Costs	The worldwide components of net periodic pension cost consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Service cost $ 66 $ 76 $ 132 $ 148 Interest cost 111 97 222 195 Expected return on plan assets Amortization of actuarial loss 36 54 71 115 Amortization of prior service cost Settlements/curtailments Net cost $ 16 $ 42 $ 31 $ 82 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Service cost $ 10 $ $ 20 $ 22 Interest cost 53 48 107 96 Expected return on plan assets Amortization of actuarial loss 15 31 Amortization of prior service credit Net cost $ 39 $ 49 $ 81 $ 100

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Apr. 28, 2019
INCOME TAXES
Tax Reform Measurement Period Adjustments and Effects on Results	Those adjustments for the second quarter and first six months of 2018 in millions of dollars follow: Three Months Ended Six Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ $ $ $ $ $ Deemed earnings repatriation tax Total discrete tax expense (benefit) $ $ $ $ $ $

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Apr. 28, 2019
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 Six Months Ended April 28 April 29 % April 28 April 29 % 2019 2018 Change 2019 2018 Change Net sales and revenues: Agriculture and turf $ 7,282 $ 7,049 +3 $ 11,963 $ 11,292 +6 Construction and forestry 2,991 2,698 +11 5,251 4,429 +19 Total net sales 10,273 9,747 +5 17,214 15,721 +9 Financial services 886 795 +11 1,741 1,572 +11 Other revenues 183 178 +3 371 340 +9 Total net sales and revenues $ 11,342 $ 10,720 +6 $ 19,326 $ 17,633 +10 Operating profit: * Agriculture and turf $ 1,019 $ 1,056 -4 $ 1,367 $ 1,443 -5 Construction and forestry 347 259 +34 576 291 +98 Financial services 170 179 -5 362 396 -9 Total operating profit 1,536 1,494 +3 2,305 2,130 +8 Reconciling items ** -48 -35 Income taxes +94 -57 Net income attributable to Deere & Company $ 1,135 $ 1,208 -6 $ 1,633 $ 673 +143 Intersegment sales and revenues: Agriculture and turf net sales $ 10 $ 15 -33 $ 18 $ 24 -25 Construction and forestry net sales Financial services 96 82 +17 168 145 +16 Equipment operations outside the U.S. and Canada: Net sales $ 4,141 $ 4,295 -4 $ 6,959 $ 6,804 +2 Operating profit 482 534 -10 658 680 -3 April 28 October 28 2019 2018 Identifiable assets: Agriculture and turf $ 10,793 $ 10,161 +6 Construction and forestry 10,349 9,855 +5 Financial services 47,240 45,720 +3 Corporate 4,348 4,372 -1 Total assets $ 72,730 $ 70,108 +4 *   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 OPEB costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 28, 2019
FINANCING RECEIVABLES
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables	An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows: April 28, 2019 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 139 $ 73 $ $ 213 Construction and forestry 90 40 131 Other: Agriculture and turf 33 16 49 Construction and forestry 19 23 Total $ 281 $ 133 $ $ 416 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 213 $ 293 $ 17,644 $ 18,150 Construction and forestry 131 124 3,120 3,375 Other: Agriculture and turf 49 67 7,861 7,977 Construction and forestry 23 10 1,331 1,364 Total $ 416 $ 494 $ 29,956 30,866 Less allowance for credit losses 182 Total financing receivables – net $ 30,684 October 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 $ 133 $ 74 $ 63 $ 270 Construction and forestry 79 45 52 176 Other: Agriculture and turf 36 16 8 60 Construction and forestry 18 5 3 26 Total $ 266 $ 140 $ 126 $ 532 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 270 $ 201 $ 17,836 $ 18,307 Construction and forestry 176 40 3,101 3,317 Other: Agriculture and turf 60 15 8,274 8,349 Construction and forestry 26 3 1,252 1,281 Total $ 532 $ 259 $ 30,463 31,254 Less allowance for credit losses 178 Total financing receivables – net $ 31,076 April 29, 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 $ 117 $ 58 $ 44 $ 219 Construction and forestry 97 44 36 177 Other: Agriculture and turf 32 16 28 76 Construction and forestry 11 4 2 17 Total $ 257 $ 122 $ 110 $ 489 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 219 $ 171 $ 17,014 $ 17,404 Construction and forestry 177 42 2,899 3,118 Other: Agriculture and turf 76 16 7,072 7,164 Construction and forestry 17 4 1,192 1,213 Total $ 489 $ 233 $ 28,177 28,899 Less allowance for credit losses 187 Total financing receivables – net $ 28,712
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: Revolving Retail Charge Notes Accounts Other Total Three Months Ended April 28, 2019 Allowance: Beginning of period balance $ $ $ $ Provision 17 29 Write-offs Recoveries 11 Translation adjustments End of period balance * $ 115 $ $ 24 $ 182 Six Months Ended April 28, 2019 Allowance: Beginning of period balance $ $ $ $ Provision 15 16 36 Write-offs Recoveries 10 10 20 Translation adjustments End of period balance * $ 115 $ $ 24 $ 182 Financing receivables: End of period balance $ 21,525 $ 3,299 $ 6,042 $ 30,866 Balance individually evaluated ** $ 151 $ $ 15 $ 168 * Individual allowances were not significant. ** Remainder is collectively evaluated. Revolving Retail Charge Notes Accounts Other Total Three Months Ended April 29, 2018 Allowance: Beginning of period balance $ $ $ $ Provision Write-offs Recoveries Translation adjustments End of period balance * $ 120 $ 40 $ 27 $ Six Months Ended April 29, 2018 Allowance: Beginning of period balance $ $ $ $ Provision 5 9 4 Write-offs (14) (20) (3) Recoveries 10 11 Translation adjustments End of period balance * $ 120 $ 40 $ 27 $ Financing receivables: End of period balance $ 20,522 $ 3,205 $ 5,172 $ Balance individually evaluated ** $ 120 $ 1 $ 15 $ *   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 April 28, 2019* Receivables with specific allowance ** $ 35 $ 34 $ 14 $ 36 Receivables without a specific allowance ** 37 35 39 Total $ 72 $ 69 $ 14 $ 75 Agriculture and turf $ 54 $ 53 $ 11 $ 57 Construction and forestry $ 18 $ 16 $ $ 18 October 28, 2018* Receivables with specific allowance ** $ 28 $ 27 $ $ 30 Receivables without a specific allowance ** 37 35 41 Total $ 65 $ 62 $ $ 71 Agriculture and turf $ 50 $ 48 $ $ 54 Construction and forestry $ 15 $ 14 $ $ 17 April 29, 2018* Receivables with specific allowance ** $ 33 $ 31 $ 10 $ 34 Receivables without a specific allowance ** 41 40 43 Total $ 74 $ 71 $ 10 $ 77 Agriculture and turf $ 52 $ 51 $ $ 54 Construction and forestry $ 22 $ 20 $ $ 23 *    Finance income recognized was not material. **   Primarily retail notes.

SECURITIZATION OF FINANCING R_2

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 28, 2019
SECURITIZATION OF FINANCING RECEIVABLES
Unconsolidated Conduits, Carrying Amount of Liabilities Compared to Maximum Exposure to Loss	The Company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets, was as follows in millions of dollars: April 28 2019 Carrying value of liabilities $ Maximum exposure to loss
Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions	The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars: April 28 October 28 April 29 2019 2018 2018 Financing receivables securitized (retail notes) $ 4,826 $ 4,032 $ 4,450 Allowance for credit losses Other assets 105 108 122 Total restricted securitized assets $ 4,919 $ 4,130 $ 4,558 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: April 28 October 28 April 29 2019 2018 2018 Short-term securitization borrowings $ 4,702 $ 3,957 $ 4,401 Accrued interest on borrowings Total liabilities related to restricted securitized assets $ 4,706 $ 3,960 $ 4,404

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Apr. 28, 2019
INVENTORIES
Major Classification of Inventories	If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows: April 28 October 28 April 29 2019 2018 2018 Raw materials and supplies $ 2,424 $ 2,233 $ 2,231 Work-in-process 873 776 900 Finished goods and parts 5,729 4,777 5,208 Total FIFO value 9,026 7,786 8,339 Less adjustment to LIFO value 1,865 1,637 1,450 Inventories $ 7,161 $ 6,149 $ 6,889

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	6 Months Ended
	Apr. 28, 2019
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 29, 2017 $ $ $ Acquisitions Divestitures Translation adjustments Goodwill at April 29, 2018 $ $ $ Goodwill at October 28, 2018 $ $ $ Translation adjustments Goodwill at April 28, 2019 $ 581 $ 2,444 $ 3,025 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 * April 28 October 28 April 29 (Years) 2019 2018 2018 Amortized intangible assets: Customer lists and relationships 16 $ 528 $ 542 $ 590 Technology, patents, trademarks, and other 18 1,059 1,080 1,109 Total at cost 1,587 1,622 1,699 Less accumulated amortization ** 234 183 130 Total 1,353 1,439 1,569 Unamortized intangible assets: In-process research and development 123 123 Other intangible assets – net $ 1,476 $ 1,562 $ 1,692 *    Weighted-averages **   Accumulated amortization at April 28, 2019, October 28, 2018, and April 29, 2018 for customer lists and relationships totaled $62 million, $46 million, and $30 million and technology, patents, trademarks, and other totaled $172 million, $137 million, and $100 million, respectively.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 28, 2019
COMMITMENTS AND CONTINGENCIES
Reconciliation of the Changes in Warranty Liability and Unearned Premiums	A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Beginning of period balance $ 1,687 $ 1,550 $ 1,652 $ 1,468 Payments Amortization of premiums received Accruals for warranties 256 260 510 453 Premiums received 69 65 134 126 Acquisitions 80 Foreign exchange End of period balance $ 1,714 $ 1,591 $ 1,714 $ 1,591

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 28, 2019
FAIR VALUE MEASUREMENTS
Fair Value of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values in millions of dollars follow: April 28, 2019 October 28, 2018 April 29, 2018 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 102 $ 95 $ 93 $ 91 $ 76 $ 74 Financial services 25,768 25,697 26,961 26,722 24,200 23,997 Total $ 25,870 $ 25,792 $ 27,054 $ 26,813 $ 24,276 $ 24,071 Financing receivables securitized – net: Equipment operations $ 59 $ 57 $ 76 $ 73 $ 113 $ 110 Financial services 4,755 4,726 3,946 3,895 4,323 4,273 Total $ 4,814 $ 4,783 $ 4,022 $ 3,968 $ 4,436 $ 4,383 Short-term securitization borrowings: Equipment operations $ 58 $ 58 $ 75 $ 75 $ 113 $ 113 Financial services 4,644 4,653 3,882 3,870 4,288 4,274 Total $ 4,702 $ 4,711 $ 3,957 $ 3,945 $ 4,401 $ 4,387 Long-term borrowings due within one year: Equipment operations $ 982 $ 987 $ 970 $ 979 $ 274 $ 273 Financial services 5,321 5,305 5,427 5,411 6,566 6,559 Total $ 6,303 $ 6,292 $ 6,397 $ 6,390 $ 6,840 $ 6,832 Long-term borrowings: Equipment operations $ 4,679 $ 5,110 $ 4,714 $ 4,948 $ 5,537 $ 5,850 Financial services 23,576 23,805 22,523 22,590 20,742 20,769 Total $ 28,255 $ 28,915 $ 27,237 $ 27,538 $ 26,279 $ 26,619 *    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*: April 28 October 28 April 29 2019 2018 2018 Level 1: Marketable securities Equity fund $ 58 $ $ Fixed income fund U.S. government debt securities 44 Total Level 1 marketable securities 102 Level 2: Marketable securities U.S. government debt securities 73 Municipal debt securities 55 Corporate debt securities 148 International debt securities Mortgage-backed securities ** 154 Total Level 2 marketable securities 439 Other assets Derivatives: Interest rate contracts 139 Foreign exchange contracts 99 Cross-currency interest rate contracts Total Level 2 other assets 240 Accounts payable and accrued expenses Derivatives: Interest rate contracts 165 Foreign exchange contracts 48 Cross-currency interest rate contracts Total Level 2 accounts payable and accrued expenses 215 371 Level 3: Marketable securities International debt securities *   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 and time deposits. ** Primarily issued by U.S. government sponsored enterprises.
Contractual Maturities of Debt Securities	The contractual maturities of debt securities at April 28, 2019 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 $ 28 $ 28 Due after one through five years 111 111 Due after five through 10 years 96 97 Due after 10 years 95 97 Mortgage-backed securities 155 154 Debt securities $ 485 $ 487
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 Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Beginning of period balance $ $ $ $ Principal payments Other End of period balance $ $ $ $

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Apr. 28, 2019
DERIVATIVE INSTRUMENTS
Amounts Recorded in the Balance Sheet Related to Borrowings Designated in Fair Value Hedging Relationships	The amounts recorded in the consolidated balance sheet related to borrowings designated in fair value hedging relationships in millions of dollars follow: Cumulative Increase (Decrease) of Fair Value Hedging Adjustments Included in the Carrying Amount Carrying Active Amount of Hedging Discontinued April 28, 2019 Hedged Item Relationships Relationships Total Long-term borrowings due within one year* $ 190 $ $ $ Long-term borrowings 9,169 *   Presented in short-term borrowings
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: April 28 October 28 April 29 Other Assets 2019 2018 2018 Designated as hedging instruments: Interest rate contracts $ 105 $ 29 $ 34 Cross-currency interest rate contracts Total designated 105 29 37 Not designated as hedging instruments: Interest rate contracts 34 51 53 Foreign exchange contracts 99 83 101 Cross-currency interest rate contracts Total not designated 135 139 157 Total derivative assets $ 240 $ 168 $ 194 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 125 $ 321 $ 316 Total designated 125 321 316 Not designated as hedging instruments: Interest rate contracts 40 29 25 Foreign exchange contracts 48 49 28 Cross-currency interest rate contracts Total not designated 90 78 55 Total derivative liabilities $ 215 $ 399 $ 371
Gains (Losses) Related to Derivative Instruments on Statement of Consolidated Income	The classification and gains (losses) including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following in millions of dollars: Three Months Ended Six Months Ended April 28 April 29 April 28 April 29 2019 2018 2019 2018 Fair Value Hedges: Interest rate contracts - Interest expense $ 141 $ $ 274 $ Cash Flow Hedges : Recognized in OCI Interest rate contracts - OCI (pretax) * Foreign exchange contracts - OCI (pretax) * Reclassified from OCI Interest rate contracts - Interest expense * Not Designated as Hedges: Interest rate contracts - Net sales $ $ Interest rate contracts - Interest expense * $ Foreign exchange contracts - Cost of sales 12 $ Foreign exchange contracts - Other operating * 80 100 Total not designated $ 75 $ $ 72 $ *   Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.
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 April 28, 2019 Recognized Arrangements Received Net Amount Assets $ 240 $ $ $ 140 Liabilities 215 116 Gross Amounts Netting Collateral October 28, 2018 Recognized Arrangements Paid Net Amount Assets $ 168 $ $ 103 Liabilities 399 $ 275 Gross Amounts Netting Collateral April 29, 2018 Recognized Arrangements Paid Net Amount Assets $ 194 $ $ 120 Liabilities 371 $ 265

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Apr. 28, 2019
ACQUISITIONS
Preliminary Asset and Liability Fair Values at the Acquisition Date	The preliminary asset and liability fair values at the acquisition date in millions of dollars follow: September 2018 Trade accounts and notes receivable $ Other receivables Inventories Property and equipment Goodwill Other intangible assets Other assets Total assets $ 103 Short-term borrowings $ Accounts payable and accrued expenses Deferred income taxes Total liabilities $ 29

SUPPLEMENTAL CONSOLIDATING DA_2

SUPPLEMENTAL CONSOLIDATING DATA (Tables)	6 Months Ended
	Apr. 28, 2019
SUPPLEMENTAL CONSOLIDATING DATA
Supplemental Consolidating Data Income Statement	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 10,272.8 $ 9,747.0 Finance and interest income 25.1 27.8 $ 909.7 $ 812.5 Other income 213.6 202.9 72.4 64.9 Total 10,511.5 9,977.7 982.1 877.4 Costs and Expenses Cost of sales 7,755.1 7,333.8 Research and development expenses 457.1 415.2 Selling, administrative and general expenses 795.2 799.5 153.6 141.5 Interest expense 43.5 78.2 311.7 231.2 Interest compensation to Financial Services 92.4 80.6 Other operating expenses 67.1 66.7 344.5 324.7 Total 9,210.4 8,774.0 809.8 697.4 Income of Consolidated Group before Income Taxes 1,301.1 1,203.7 172.3 180.0 Provision for income taxes 291.4 100.8 52.1 76.3 Income of Consolidated Group 1,009.7 1,102.9 120.2 103.7 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 120.7 104.1 .5 .4 Other 5.9 2.7 Total 126.6 106.8 .5 .4 Net Income 1,136.3 1,209.7 120.7 104.1 Less: Net income attributable to noncontrolling interests 1.4 1.4 Net Income Attributable to Deere & Company $ 1,134.9 $ 1,208.3 $ 120.7 $ 104.1 *   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. SUPPLEMENTAL CONSOLIDATING DATA (Continued) STATEMENT OF INCOME For the Six Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 17,213.7 $ 15,721.0 Finance and interest income 48.5 39.4 $ 1,775.9 $ 1,589.4 Other income 428.5 399.3 132.9 127.7 Total 17,690.7 16,159.7 1,908.8 1,717.1 Costs and Expenses Cost of sales 13,187.2 12,038.8 Research and development expenses 863.8 772.0 Selling, administrative and general expenses 1,439.7 1,390.2 274.9 257.7 Interest expense 115.0 174.2 598.8 425.3 Interest compensation to Financial Services 161.5 142.2 Other operating expenses 138.5 138.9 669.5 635.9 Total 15,905.7 14,656.3 1,543.2 1,318.9 Income of Consolidated Group before Income Taxes 1,785.0 1,503.4 365.6 398.2 Provision (credit) for income taxes 435.5 1,364.7 92.0 Income of Consolidated Group 1,349.5 138.7 273.6 528.2 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 274.6 529.4 1.0 1.2 Other 11.8 6.8 Total 286.4 536.2 1.0 1.2 Net Income 1,635.9 674.9 274.6 529.4 Less: Net income attributable to noncontrolling interests 2.5 1.7 Net Income Attributable to Deere & Company $ 1,633.4 $ 673.2 $ 274.6 $ 529.4 *   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 April 28 October 28 April 29 April 28 October 28 April 29 2019 2018 2018 2019 2018 2018 Assets Cash and cash equivalents $ 2,893.4 $ 3,194.8 $ 2,988.9 $ 590.3 $ 709.2 $ 1,212.5 Marketable securities 6.9 8.2 16.9 538.2 481.9 462.4 Receivables from unconsolidated subsidiaries 1,091.6 1,700.4 1,668.0 Trade accounts and notes receivable – net 1,607.8 1,373.7 1,515.9 7,554.2 4,906.4 6,436.0 Financing receivables – net 101.8 93.1 75.7 25,768.5 26,961.0 24,199.8 Financing receivables securitized – net 58.9 76.1 113.1 4,754.7 3,945.3 4,323.2 Other receivables 1,325.3 1,009.7 1,273.3 166.2 775.7 190.1 Equipment on operating leases – net 7,039.9 7,165.4 6,723.1 Inventories 7,160.9 6,148.9 6,888.9 Property and equipment – net 5,711.9 5,820.6 5,696.0 45.2 46.9 46.9 Investments in unconsolidated subsidiaries 5,186.8 5,231.2 4,915.9 15.6 15.2 15.3 Goodwill 3,024.9 3,100.7 3,188.7 Other intangible assets – net 1,475.9 1,562.4 1,692.2 Retirement benefits 1,325.3 1,241.5 617.9 57.4 56.8 15.0 Deferred income taxes 1,574.9 1,502.6 2,065.5 72.8 69.4 76.4 Other assets 1,235.1 1,132.8 1,186.3 636.7 587.1 577.3 Total Assets $ 33,781.4 $ 33,196.7 $ 33,903.2 $ 47,239.7 $ 45,720.3 $ 44,278.0 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 1,336.9 $ 1,434.0 $ 659.1 $ 10,424.9 $ 9,627.4 $ 10,235.5 Short-term securitization borrowings 58.3 75.6 113.2 4,643.9 3,881.7 4,287.9 Payables to unconsolidated subsidiaries 199.5 128.9 145.7 1,057.5 1,678.7 1,633.7 Accounts payable and accrued expenses 9,470.7 9,382.5 9,265.7 1,812.6 2,055.7 2,030.8 Deferred income taxes 460.9 496.8 462.9 661.5 823.0 523.2 Long-term borrowings 4,678.8 4,713.9 5,536.5 23,576.6 22,523.5 20,742.1 Retirement benefits and other liabilities 5,638.0 5,659.8 7,285.5 95.1 91.2 95.6 Total liabilities 21,843.1 21,891.5 23,468.6 42,272.1 40,681.2 39,548.8 Commitments and contingencies (Note 15) Redeemable noncontrolling interest 14.3 14.6 Stockholders’ Equity Common stock, $1 par value (issued shares at April 28, 2019 – 536,431,204) 4,559.1 4,474.2 4,423.4 2,106.9 2,099.5 2,099.1 Common stock in treasury Retained earnings 28,708.8 27,553.0 25,586.0 3,227.5 3,257.2 2,872.4 Accumulated other comprehensive income (loss) Total Deere & Company stockholders’ equity 11,919.5 11,287.8 10,410.3 4,967.6 5,039.1 4,729.2 Noncontrolling interests 4.5 3.4 9.7 Total stockholders’ equity 11,924.0 11,291.2 10,420.0 4,967.6 5,039.1 4,729.2 Total Liabilities and Stockholders’ Equity $ 33,781.4 $ 33,196.7 $ 33,903.2 $ 47,239.7 $ 45,720.3 $ 44,278.0 *   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 Six Months Ended April 28, 2019 and April 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Cash Flows from Operating Activities Net income $ 1,635.9 $ 674.9 $ 274.6 $ 529.4 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 4.5 9.2 32.1 17.6 Provision for depreciation and amortization 525.2 483.8 557.3 529.3 Gain on sales of businesses Undistributed earnings of unconsolidated subsidiaries and affiliates 29.8 (.8) Provision (credit) for deferred income taxes 934.5 Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables Inventories Accounts payable and accrued expenses 247.4 578.0 53.0 84.2 Accrued income taxes payable/receivable 147.4 501.1 5.6 Retirement benefits 16.6 62.7 3.7 4.9 Other 67.7 99.6 71.9 Net cash provided by operating activities 708.0 1,051.0 1,356.1 911.7 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 9,893.7 9,486.7 Proceeds from maturities and sales of marketable securities 5.3 3.6 25.0 20.2 Proceeds from sales of equipment on operating leases 823.4 748.6 Proceeds from sales of businesses, net of cash sold 55.0 Cost of receivables acquired (excluding trade and wholesale) Acquisitions of businesses, net of cash acquired Purchases of marketable securities Purchases of property and equipment (.6) Cost of equipment on operating leases acquired Increase in trade and wholesale receivables Other 44.2 19.5 Net cash used for investing activities Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings 1,701.1 266.2 Change in intercompany receivables/payables 610.8 641.6 Proceeds from long-term borrowings 120.3 107.1 4,111.9 3,970.6 Payments of long-term borrowings Proceeds from issuance of common stock 94.7 198.6 Repurchases of common stock Dividends paid Other Net cash provided by (used for) financing activities 1,608.6 1,617.4 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 152.3 Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 40.3 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,201.8 8,174.4 813.5 1,292.4 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 2,903.8 $ 2,996.5 $ 681.8 $ 1,332.7 *   Deere & Company with Financial Services on the equity basis. The supplemental consolidating data is presented for informational purposes. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

ORGANIZATION AND CONSOLIDATIO_2

ORGANIZATION AND CONSOLIDATION (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018
Fiscal period duration	91 days	91 days
Maximum Exposure to Losses
Total	$ 1,477
VIE-Not Primary Beneficiary
Maximum Exposure to Losses
Receivables from unconsolidated affiliates	3		$ 2
Investment in unconsolidated affiliates	19
Loan guarantee			25
Total	$ 22		$ 27

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018	Oct. 29, 2017
Transfer of inventory to equipment on operating leases	$ 308	$ 357
Accounts payable related to purchases of property and equipment	74	42
Equipment Operations
Restricted cash	10	8	$ 7	$ 6
Financial Services
Restricted cash	$ 92	$ 120	$ 104	$ 126

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 29, 2018	Oct. 28, 2018	Apr. 29, 2018
New accounting standards
Other assets	$ 1,870.7	$ 1,828	$ 1,718.4	$ 1,762.6
Accounts payable and accrued expenses	9,625.8	10,221	$ 10,111	$ 9,789.6
Retained Earnings
New accounting standards
ASU No. 2016-01 adoption	7.9
Accumulated Other Comprehensive Income (Loss)
New accounting standards
ASU No. 2016-01 adoption	$ (7.9)
Cumulative Effect from Adoption | ASU 2014-09
New accounting standards
Other assets		110
Accounts payable and accrued expenses		$ 110

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Revenue Recognition
Revenue, Practical Expedient, Financing Component [true false]			true
Historical claims rate, review period			5 years
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract [true false]			true
Net sales and revenues	$ 11,342.4	$ 10,720	$ 19,326	$ 17,633.5
Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	10,379		17,447
Revenue recognized over time
Revenue Recognition
Net sales and revenues	963		1,879
Large Agriculture
Revenue Recognition
Net sales	3,494		5,661
Small Agriculture
Revenue Recognition
Net sales	2,632		4,441
Turf
Revenue Recognition
Net sales	989		1,495
Construction
Revenue Recognition
Net sales	1,478		2,487
Compact Construction
Revenue Recognition
Net sales	320		584
Road Building
Revenue Recognition
Net sales	814		1,412
Forestry
Revenue Recognition
Net sales	338		690
Financial Products
Revenue Recognition
Net sales and revenues	917		1,798
Other
Revenue Recognition
Net sales and revenues	360		758
United States
Revenue Recognition
Net sales and revenues	6,254		10,620
Canada
Revenue Recognition
Net sales and revenues	731		1,308
Western Europe
Revenue Recognition
Net sales and revenues	1,760		2,965
Central Europe and CIS
Revenue Recognition
Net sales and revenues	557		885
Latin America
Revenue Recognition
Net sales and revenues	1,035		1,797
Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	1,005		1,751
Agriculture and Turf
Revenue Recognition
Net sales and revenues	7,397		12,194
Agriculture and Turf | Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	7,345		12,100
Agriculture and Turf | Revenue recognized over time
Revenue Recognition
Net sales and revenues	52		94
Agriculture and Turf | Large Agriculture
Revenue Recognition
Net sales	3,494		5,661
Agriculture and Turf | Small Agriculture
Revenue Recognition
Net sales	2,632		4,441
Agriculture and Turf | Turf
Revenue Recognition
Net sales	989		1,495
Agriculture and Turf | Financial Products
Revenue Recognition
Net sales and revenues	25		44
Agriculture and Turf | Other
Revenue Recognition
Net sales and revenues	257		553
Agriculture and Turf | United States
Revenue Recognition
Net sales and revenues	3,912		6,540
Agriculture and Turf | Canada
Revenue Recognition
Net sales and revenues	313		485
Agriculture and Turf | Western Europe
Revenue Recognition
Net sales and revenues	1,360		2,208
Agriculture and Turf | Central Europe and CIS
Revenue Recognition
Net sales and revenues	393		541
Agriculture and Turf | Latin America
Revenue Recognition
Net sales and revenues	772		1,320
Agriculture and Turf | Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	647		1,100
Construction and Forestry
Revenue Recognition
Net sales and revenues	3,059		5,391
Construction and Forestry | Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	3,034		5,347
Construction and Forestry | Revenue recognized over time
Revenue Recognition
Net sales and revenues	25		44
Construction and Forestry | Construction
Revenue Recognition
Net sales	1,478		2,487
Construction and Forestry | Compact Construction
Revenue Recognition
Net sales	320		584
Construction and Forestry | Road Building
Revenue Recognition
Net sales	814		1,412
Construction and Forestry | Forestry
Revenue Recognition
Net sales	338		690
Construction and Forestry | Financial Products
Revenue Recognition
Net sales and revenues	6		13
Construction and Forestry | Other
Revenue Recognition
Net sales and revenues	103		205
Construction and Forestry | United States
Revenue Recognition
Net sales and revenues	1,738		2,901
Construction and Forestry | Canada
Revenue Recognition
Net sales and revenues	265		513
Construction and Forestry | Western Europe
Revenue Recognition
Net sales and revenues	379		716
Construction and Forestry | Central Europe and CIS
Revenue Recognition
Net sales and revenues	155		326
Construction and Forestry | Latin America
Revenue Recognition
Net sales and revenues	194		344
Construction and Forestry | Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	328		591
Financial Services
Revenue Recognition
Net sales and revenues	886	$ 795	1,741	$ 1,572
Financial Services | Revenue recognized over time
Revenue Recognition
Net sales and revenues	886		1,741
Financial Services | Financial Products
Revenue Recognition
Net sales and revenues	886		1,741
Financial Services | United States
Revenue Recognition
Net sales and revenues	604		1,179
Financial Services | Canada
Revenue Recognition
Net sales and revenues	153		310
Financial Services | Western Europe
Revenue Recognition
Net sales and revenues	21		41
Financial Services | Central Europe and CIS
Revenue Recognition
Net sales and revenues	9		18
Financial Services | Latin America
Revenue Recognition
Net sales and revenues	69		133
Financial Services | Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	$ 30		$ 60

REVENUE RECOGNITION - Advanced

REVENUE RECOGNITION - Advanced Customer Payments (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 28, 2019	Apr. 28, 2019	Oct. 28, 2018
Advanced customer payments
Deferred revenue received	$ 1,014	$ 1,014	$ 915
Revenue recognized from deferred revenue	$ 103	$ 265

REVENUE RECOGNITION - Unsatisfi

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Apr. 28, 2019USD ($)
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 903
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-29
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 288
Unsatisfied performance obligations
Period estimated revenue to be recognized	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-11-04
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 270
Unsatisfied performance obligations
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-02
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 174
Unsatisfied performance obligations
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 101
Unsatisfied performance obligations
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-31
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 50
Unsatisfied performance obligations
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-30
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 20
Unsatisfied performance obligations
Period estimated revenue to be recognized	24 months

OTHER COMPREHENSIVE INCOME IT_3

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Changes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Accumulated other comprehensive income (loss)
Balance	$ 11,332.7	$ 9,264.9	$ 11,291.2	$ 9,560.5
Net current period other comprehensive income (loss)	(32)	116.1	(174.4)	390.9
Balance	11,924	10,420	11,924	10,420
Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Balance			(4,428)	(4,564)
ASU No. 2016-01 adoption	(8)		(8)
Other comprehensive income (loss) items before reclassification			(207)	308
Amounts reclassified from accumulated other comprehensive income			33	83
Net current period other comprehensive income (loss)			(174)	391
Balance	(4,610)	(4,173)	(4,610)	(4,173)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Balance			(3,237)	(3,580)
Other comprehensive income (loss) items before reclassification			32	81
Amounts reclassified from accumulated other comprehensive income			37	84
Net current period other comprehensive income (loss)	49	119	69	165
Balance	(3,168)	(3,415)	(3,168)	(3,415)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Balance			(1,204)	(999)
Other comprehensive income (loss) items before reclassification			(244)	225
Net current period other comprehensive income (loss)	(82)	1	(244)	225
Balance	(1,448)	(774)	(1,448)	(774)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Balance			15	5
Other comprehensive income (loss) items before reclassification	(5)	6	(11)	11
Amounts reclassified from accumulated other comprehensive income			(4)	(1)
Net current period other comprehensive income (loss)	(7)	5	(15)	10
Balance		15		15
Unrealized Gain (Loss) on Debt Securities
Accumulated other comprehensive income (loss)
Balance			(2)
ASU No. 2016-01 adoption	(8)		(8)
Other comprehensive income (loss) items before reclassification	8		16
Net current period other comprehensive income (loss)	8		16
Balance	$ 6		$ 6
Unrealized Gain (Loss) on Investments
Accumulated other comprehensive income (loss)
Balance				10
Other comprehensive income (loss) items before reclassification		(9)		(9)
Net current period other comprehensive income (loss)		(9)		(9)
Balance		$ 1		$ 1

OTHER COMPREHENSIVE INCOME IT_4

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (350.8)	$ (303.7)	$ (703.8)	$ (590)
Total other comprehensive income (loss), before tax	(17)	152	(152)	453
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(15)	(36)	(22)	(62)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	(32)	116.1	(174.4)	390.9
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	(83)		(244)	225
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			(244)	225
Other Comprehensive Income (Loss), Net of Income Taxes	(82)	1	(244)	225
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(6)	7	(14)	15
Total other comprehensive income (loss), before tax	(9)	6	(19)	14
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	1	(1)	3	(4)
Total other comprehensive income (loss), tax (expense) credit	2	(1)	4	(4)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(5)	6	(11)	11
Reclassification from accumulated other comprehensive income, after tax			(4)	(1)
Other Comprehensive Income (Loss), Net of Income Taxes	(7)	5	(15)	10
Unrealized Gain (Loss) on Derivatives | Interest Rate Contracts | Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Interest expense	(3)	(1)	(5)	(1)
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)	(1)	(4)	(1)
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	10		20
Total other comprehensive income (loss), before tax	10		20
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(2)		(4)
Total other comprehensive income (loss), tax (expense) credit	(2)		(4)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	8		16
Other Comprehensive Income (Loss), Net of Income Taxes	8		16
Unrealized Gain (Loss) on Investments
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax		(11)		(11)
Total other comprehensive income (loss), before tax		(12)		(12)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit		2		2
Total other comprehensive income (loss), tax (expense) credit		3		3
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax		(9)		(9)
Other Comprehensive Income (Loss), Net of Income Taxes		(9)		(9)
Unrealized Gain (Loss) on Investments | Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Other income		(1)		(1)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit		1		1
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	65	158	91	226
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(16)	(39)	(22)	(61)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax			32	81
Reclassification from accumulated other comprehensive income, after tax			37	84
Other Comprehensive Income (Loss), Net of Income Taxes	49	119	69	165
Retirement Benefits Adjustment | Pensions
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(19)	39	(18)	46
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	4	(9)	4	(11)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(15)	30	(14)	35
Retirement Benefits Adjustment | OPEB
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	60	60	60	60
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(14)	(14)	(14)	(14)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	46	46	46	46
Actuarial (Gain) Loss | Reclassification out of accumulated other comprehensive income (loss) | Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	36	54	71	115
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(9)	(14)	(17)	(34)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	27	40	54	81
Actuarial (Gain) Loss | Reclassification out of accumulated other comprehensive income (loss) | OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	3	15	8	31
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(4)	(2)	(9)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	2	11	6	22
Prior Service (Credit) Cost | Reclassification out of accumulated other comprehensive income (loss) | Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	3	3	6	6
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(1)	(2)	(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	2	2	4	4
Prior Service (Credit) Cost | Reclassification out of accumulated other comprehensive income (loss) | OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(18)	(19)	(36)	(38)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	5	5	9	11
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	$ (13)	(14)	$ (27)	(27)
Settlements/Curtailments | Reclassification out of accumulated other comprehensive income (loss) | Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses		6		6
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit		(2)		(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax		$ 4		$ 4

OTHER COMPREHENSIVE INCOME IT_5

OTHER COMPREHENSIVE INCOME ITEMS - Noncontrolling Interests' (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests	$ 1.4	$ 1.7	$ 2.5	$ 2.1
Net income (loss) attributable to noncontrolling interests	1.4	1.4	2.5	1.7
Cumulative translation adjustments attributable to noncontrolling interests	$ 0	$ 0.3	$ 0	$ 0.4

DIVIDENDS DECLARED AND PAID (De

DIVIDENDS DECLARED AND PAID (Details) - $ / shares	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
DIVIDENDS DECLARED AND PAID
Dividends declared (in dollars per share)	$ 0.76	$ 0.60	$ 1.52	$ 1.20
Dividends paid (in dollars per share)	$ 0.76	$ 0.60	$ 1.45	$ 1.20

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 1,134.9	$ 1,208.3	$ 1,633.4	$ 673.2
Less income allocable to participating securities (in dollars)		0.2	0.2	0.1
Income allocable to common stock (in dollars)	$ 1,134.9	$ 1,208.1	$ 1,633.2	$ 673.1
Average shares outstanding	317.9	324.2	318.1	323.4
Basic (in dollars per share)	$ 3.57	$ 3.73	$ 5.13	$ 2.08
Diluted Earnings Per Share
Average shares outstanding	317.9	324.2	318.1	323.4
Effect of dilutive share-based compensation (in shares)	4.3	5	4.3	5
Total potential shares outstanding	322.2	329.2	322.4	328.4
Diluted (in dollars per share)	$ 3.52	$ 3.67	$ 5.07	$ 2.05
Antidilutive incremental shares excluded from computation of earnings per share	0.6	0.5	0.6	0.3

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFITS - Components of Net Periodic Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Net Periodic Cost
Location of costs excluding the service component	us-gaap:OtherCostOfOperatingRevenue	us-gaap:OtherCostOfOperatingRevenue	us-gaap:OtherCostOfOperatingRevenue	us-gaap:OtherCostOfOperatingRevenue
Pensions
Net Periodic Cost
Service cost	$ 66	$ 76	$ 132	$ 148
Interest cost	111	97	222	195
Expected return on plan assets	(200)	(194)	(400)	(388)
Amortization of actuarial (gain) loss	36	54	71	115
Amortization of prior service (credit) cost	3	3	6	6
Settlements/curtailments		6		6
Net cost	16	42	31	82
Employer Contributions
Defined benefit plan employer contributions			32
Defined benefit plan employer contributions expected for the remainder of the fiscal year	36		36
OPEB
Net Periodic Cost
Service cost	10	11	20	22
Interest cost	53	48	107	96
Expected return on plan assets	(9)	(6)	(18)	(11)
Amortization of actuarial (gain) loss	3	15	8	31
Amortization of prior service (credit) cost	(18)	(19)	(36)	(38)
Net cost	39	$ 49	81	$ 100
Employer Contributions
Defined benefit plan employer contributions			72
Defined benefit plan employer contributions expected for the remainder of the fiscal year	$ 64		$ 64

INCOME TAXES - Tax Reform (Deta

INCOME TAXES - Tax Reform (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018
U.S. Tax Reform
Federal corporate statutory tax rate (as a percent)		21.00%		23.30%
Net deferred tax asset remeasurement	$ (177)		$ 539	$ 414
Deemed earnings repatriation tax	3		264	290
Total discrete tax expense (benefit)	(174)		803
Accrued foreign withholding taxes on earnings of subsidiaries outside the U.S.				$ 63
Equipment Operations
U.S. Tax Reform
Net deferred tax asset remeasurement	(158)		853
Deemed earnings repatriation tax	(49)		179
Total discrete tax expense (benefit)	(207)		1,032
Financial Services
U.S. Tax Reform
Net deferred tax asset remeasurement	(19)		(314)
Deemed earnings repatriation tax	52		85
Total discrete tax expense (benefit)	$ 33		$ (229)

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
UNRECOGNIZED TAX BENEFITS
Unrecognized tax benefits	$ 285	$ 279
Unrecognized tax benefits affecting effective tax rate if recognized	$ 133	$ 128	$ 157

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018
Net Sales and Revenues
Net sales and revenues	$ 11,342.4	$ 10,720	$ 19,326	$ 17,633.5
% Change - Net sales and revenues	6.00%		10.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 1,536	1,494	$ 2,305	2,130
% Change - Operating profit (loss)	3.00%		8.00%
Net income (loss) attributable to Deere & Company	$ 1,134.9	1,208.3	$ 1,633.4	673.2
% Change - Net income (loss) attributable to Deere & Company	(6.00%)		143.00%
Identifiable Assets
Total Assets	$ 72,729.6	69,873	$ 72,729.6	69,873	$ 70,108
% Change - Identifiable assets			4.00%
Operating Segments (Other)
Reconciling items	$ (57)	(109)	$ (144)	(222)
% Change - Reconciling items	(48.00%)		(35.00%)
Income taxes	$ (343.5)	(177.1)	$ (527.5)	(1,234.7)
% Change - Income taxes	94.00%		(57.00%)
Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 10,511.5	9,977.7	$ 17,690.7	16,159.7
Operating Profit (Loss)
Net income (loss) attributable to Deere & Company	1,134.9	1,208.3	1,633.4	673.2
Identifiable Assets
Total Assets	33,781.4	33,903.2	33,781.4	33,903.2	33,196.7
Operating Segments (Other)
Income taxes	(291.4)	(100.8)	(435.5)	(1,364.7)
Equipment Operations | Outside U.S. and Canada:
Net Sales and Revenues
Net sales and revenues	$ 4,141	4,295	$ 6,959	6,804
% Change - Net sales and revenues	(4.00%)		2.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 482	534	$ 658	680
% Change - Operating profit (loss)	(10.00%)		(3.00%)
Corporate
Identifiable Assets
Total Assets	$ 4,348		$ 4,348		4,372
% Change - Identifiable assets			(1.00%)
Other Revenues
Net Sales and Revenues
Net sales and revenues	$ 183	178	$ 371	340
% Change - Net sales and revenues	3.00%		9.00%
Agriculture and Turf
Net Sales and Revenues
Net sales and revenues	$ 7,397		$ 12,194
Intersegment sales and revenues	$ 10	15	$ 18	24
% Change - Intersegment sales and revenues	(33.00%)		(25.00%)
Operating Profit (Loss)
Total operating profit (loss)	$ 1,019	1,056	$ 1,367	1,443
% Change - Operating profit (loss)	(4.00%)		(5.00%)
Identifiable Assets
Total Assets	$ 10,793		$ 10,793		10,161
% Change - Identifiable assets			6.00%
Construction and Forestry
Net Sales and Revenues
Net sales and revenues	3,059		$ 5,391
Intersegment sales and revenues			1
Operating Profit (Loss)
Total operating profit (loss)	$ 347	259	$ 576	291
% Change - Operating profit (loss)	34.00%		98.00%
Identifiable Assets
Total Assets	$ 10,349		$ 10,349		9,855
% Change - Identifiable assets			5.00%
Financial Services
Net Sales and Revenues
Net sales and revenues	$ 886	795	$ 1,741	1,572
% Change - Net sales and revenues	11.00%		11.00%
Intersegment sales and revenues	$ 96	82	$ 168	145
% Change - Intersegment sales and revenues	17.00%		16.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 170	179	$ 362	396
% Change - Operating profit (loss)	(5.00%)		(9.00%)
Identifiable Assets
Total Assets	$ 47,240		$ 47,240		$ 45,720
% Change - Identifiable assets			3.00%
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 10,272.8	9,747	$ 17,213.7	15,721
% Change - Net sales and revenues	5.00%		9.00%
Net Sales | Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 10,272.8	9,747	$ 17,213.7	15,721
Net Sales | Agriculture and Turf
Net Sales and Revenues
Net sales and revenues	$ 7,282	7,049	$ 11,963	11,292
% Change - Net sales and revenues	3.00%		6.00%
Net Sales | Construction and Forestry
Net Sales and Revenues
Net sales and revenues	$ 2,991	$ 2,698	$ 5,251	$ 4,429
% Change - Net sales and revenues	11.00%		19.00%

FINANCING RECEIVABLES - Past Du

FINANCING RECEIVABLES - Past Due Age Analysis (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Apr. 28, 2019	Oct. 28, 2018	Jan. 27, 2019	Apr. 29, 2018	Jan. 28, 2018	Oct. 29, 2017
Financing Receivable, Past Due
Minimum number of days for a financing receivable to be considered past due	30 days
Generally the number of days for a financing receivable to be considered non-performing	90 days	120 days
Generally the number of days before a receivable is delinquent 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	$ 416	$ 532		$ 489
Total Non-Performing	494	259		233
Current	29,956	30,463		28,177
Total Financing Receivables	30,866	31,254		28,899
Less allowance for credit losses	182	178	$ 177	187	$ 190	$ 187
Total financing receivables - net	30,684	31,076		28,712
30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	281	266		257
60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	133	140		122
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	126		110
Retail Notes
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Financing Receivables	21,525			20,522
Less allowance for credit losses	115	113	$ 111	120	$ 123	$ 121
Retail Notes | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	213	270		219
Total Non-Performing	293	201		171
Current	17,644	17,836		17,014
Total Financing Receivables	18,150	18,307		17,404
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	139	133		117
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	73	74		58
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	1	63		44
Retail Notes | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	131	176		177
Total Non-Performing	124	40		42
Current	3,120	3,101		2,899
Total Financing Receivables	3,375	3,317		3,118
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	90	79		97
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	40	45		44
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	1	52		36
Other Financing Receivables | Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	49	60		76
Total Non-Performing	67	15		16
Current	7,861	8,274		7,072
Total Financing Receivables	7,977	8,349		7,164
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	33	36		32
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	16	16		16
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		8		28
Other Financing Receivables | Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	23	26		17
Total Non-Performing	10	3		4
Current	1,331	1,252		1,192
Total Financing Receivables	1,364	1,281		1,213
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	19	18		11
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	$ 4	5		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		$ 3		$ 2

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018
Allowance:
Beginning of period balance	$ 177	$ 190	$ 178	$ 187
Provision	29	16	36	18
Write-offs	(33)	(23)	(49)	(37)
Recoveries	11	10	20	21
Translation adjustments	(2)	(6)	(3)	(2)
End of period balance	182	187	182	187
Financing receivables:
End of period balance	30,866	28,899	30,866	28,899	$ 31,254
Balance individually evaluated	168	136	168	136
Retail Notes
Allowance:
Beginning of period balance	111	123	113	121
Provision	9	5	15	5
Write-offs	(9)	(7)	(20)	(14)
Recoveries	6	4	10	10
Translation adjustments	(2)	(5)	(3)	(2)
End of period balance	115	120	115	120
Financing receivables:
End of period balance	21,525	20,522	21,525	20,522
Balance individually evaluated	151	120	151	120
Revolving Charge Accounts
Allowance:
Beginning of period balance	43	40	43	40
Provision	17	9	16	9
Write-offs	(22)	(15)	(26)	(20)
Recoveries	5	6	10	11
End of period balance	43	40	43	40
Financing receivables:
End of period balance	3,299	3,205	3,299	3,205
Balance individually evaluated	2	1	2	1
Other Financing Receivables
Allowance:
Beginning of period balance	23	27	22	26
Provision	3	2	5	4
Write-offs	(2)	(1)	(3)	(3)
Translation adjustments		(1)
End of period balance	24	27	24	27
Financing receivables:
End of period balance	6,042	5,172	6,042	5,172
Balance individually evaluated	$ 15	$ 15	$ 15	$ 15

FINANCING RECEIVABLES - Impaire

FINANCING RECEIVABLES - Impaired (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Oct. 28, 2018
Analysis of Impaired Financing Receivables
Recorded investment, with specific allowance	$ 35	$ 33	$ 28
Recorded investment, without specific allowance	37	41	37
Recorded Investment	72	74	65
Unpaid principal balance, with specific allowance	34	31	27
Unpaid principal balance, without specific allowance	35	40	35
Unpaid Principal Balance	69	71	62
Specific Allowance	14	10	10
Average recorded investment, with specific allowance	36	34	30
Average recorded investment, without specific allowance	39	43	41
Average Recorded Investment	75	77	71
Agriculture and Turf
Analysis of Impaired Financing Receivables
Recorded Investment	54	52	50
Unpaid Principal Balance	53	51	48
Specific Allowance	11	9	9
Average Recorded Investment	57	54	54
Construction and Forestry
Analysis of Impaired Financing Receivables
Recorded Investment	18	22	15
Unpaid Principal Balance	16	20	14
Specific Allowance	3	1	1
Average Recorded Investment	$ 18	$ 23	$ 17

FINANCING RECEIVABLES - Trouble

FINANCING RECEIVABLES - Troubled Debt Restructuring (Details) $ in Millions	6 Months Ended
	Apr. 28, 2019USD ($)item	Apr. 29, 2018USD ($)item
Financing Receivables Related to Troubled Debt Restructurings
Financing receivable contracts in troubled debt restructuring, number | item	219	253
Financing receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 7	$ 13
Financing receivables in troubled debt restructurings, aggregate balances, post-modification	7	$ 13
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 10

SECURITIZATION OF FINANCING R_3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	$ 1,382
Unconsolidated conduits, maximum exposure to loss	1,477
Financing receivables securitized (retail notes)	4,826	$ 4,032	$ 4,450
Allowance for credit losses - securitization transactions	(12)	(10)	(14)
Other assets - securitization transactions	105	108	122
Total restricted securitized assets - securitization transactions	4,919	4,130	4,558
Short-term securitization borrowings	4,702.2	3,957.3	4,401.1
Accrued interest on borrowings - securitization transactions	4	3	3
Total liabilities related to restricted securitized assets - securitization transactions	$ 4,706	3,960	4,404
Maximum remaining term of all restricted securitized retail notes	7 years
VIE-Primary Beneficiary
Securitization Transactions
Total restricted securitized assets - securitization transactions	$ 2,771	2,593	2,489
Total liabilities related to restricted securitized assets - securitization transactions	2,693	2,520	2,438
Non-VIE Banking Operation
Securitization Transactions
Total restricted securitized assets - securitization transactions	671	504	686
Total liabilities related to restricted securitized assets - securitization transactions	631	475	656
VIE-Not Primary Beneficiary
Securitization Transactions
Unconsolidated conduits, maximum exposure to loss	22	27
Total Assets	38,000
Total restricted securitized assets - securitization transactions	1,477	1,033	1,383
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,382	$ 965	$ 1,310

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
INVENTORIES
Raw materials and supplies	$ 2,424	$ 2,233	$ 2,231
Work-in-process	873	776	900
Finished goods and parts	5,729	4,777	5,208
Total FIFO value	9,026	7,786	8,339
Less adjustment to LIFO value	1,865	1,637	1,450
Inventories	$ 7,160.9	$ 6,148.9	$ 6,888.9

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 3,100.7	$ 1,033
Acquisitions		2,085
Divestitures		(10)
Translation adjustments	(76)	81
Goodwill - net, ending balance	3,024.9	3,188.7
Accumulated impairment loss	0	0
Agriculture and Turf
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	583	521
Acquisitions		25
Translation adjustments	(2)	5
Goodwill - net, ending balance	581	551
Construction and Forestry
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,518	512
Acquisitions		2,060
Divestitures		(10)
Translation adjustments	(74)	76
Goodwill - net, ending balance	$ 2,444	$ 2,638

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Amortized intangible assets:
Total at cost	$ 1,587	$ 1,622	$ 1,699
Less accumulated amortization	234	183	130
Total amortized intangible assets - net	1,353	1,439	1,569
Unamortized intangible assets:
Other intangible assets - net	$ 1,475.9	1,562.4	1,692.2
Customer Lists and Relationships
Amortized intangible assets:
Weighted-average useful lives	16 years
Total at cost	$ 528	542	590
Less accumulated amortization	$ 62	46	30
Technology, Patents, Trademarks, and Other
Amortized intangible assets:
Weighted-average useful lives	18 years
Total at cost	$ 1,059	1,080	1,109
Less accumulated amortization	172	137	100
In-process Research and Development
Unamortized intangible assets:
Unamortized intangible assets	$ 123	$ 123	$ 123

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 29	$ 31	$ 57	$ 44
Amortization expense of other intangible assets - remainder of 2019	52		52
Amortization expense of other intangible assets - 2020	104		104
Amortization expense of other intangible assets - 2021	103		103
Amortization expense of other intangible assets - 2022	102		102
Amortization expense of other intangible assets - 2023	$ 100		$ 100

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period			5 years
Unamortized extended warranty premiums (deferred revenue)	$ 525	$ 475	$ 525	$ 475
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	1,687	1,550	1,652	1,468
Payments	(234)	(213)	(462)	(430)
Amortization of premiums received	(56)	(57)	(111)	(113)
Accruals for warranties	256	260	510	453
Premiums received	69	65	134	126
Acquisitions				80
Foreign exchange	(8)	(14)	(9)	7
End of period balance	$ 1,714	$ 1,591	$ 1,714	$ 1,591

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	6 Months Ended
	Apr. 28, 2019USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 411
Restricted Assets and Other Contingent Liabilities
Other restricted assets	93
Miscellaneous contingent liabilities	80
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	315
Guarantee obligations accrued losses	$ 12
Guarantee obligations term	P7Y

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Fair Values of Financial Instruments
Financing receivables - net	$ 25,870.3	$ 27,054.1	$ 24,275.5
Financing receivables securitized - net	4,813.6	4,021.4	4,436.3
Short-term securitization borrowings	4,702.2	3,957.3	4,401.1
Long-term borrowings	28,255.4	27,237.4	26,278.6
Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	6,292	6,390	6,832
Long-term borrowings	28,915	27,538	26,619
Level 3
Fair Values of Financial Instruments
Financing receivables - net	25,792	26,813	24,071
Financing receivables securitized - net	4,783	3,968	4,383
Level 2 and Level 3
Fair Values of Financial Instruments
Short-term securitization borrowings	4,711	3,945	4,387
Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	25,870	27,054	24,276
Financing receivables securitized - net	4,814	4,022	4,436
Short-term securitization borrowings	4,702	3,957	4,401
Long-term borrowings due within one year	6,303	6,397	6,840
Long-term borrowings	28,255	27,237	26,279
Equipment Operations
Fair Values of Financial Instruments
Financing receivables - net	101.8	93.1	75.7
Financing receivables securitized - net	58.9	76.1	113.1
Short-term securitization borrowings	58.3	75.6	113.2
Long-term borrowings	4,678.8	4,713.9	5,536.5
Equipment Operations | Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	987	979	273
Long-term borrowings	5,110	4,948	5,850
Equipment Operations | Level 3
Fair Values of Financial Instruments
Financing receivables - net	95	91	74
Financing receivables securitized - net	57	73	110
Short-term securitization borrowings	58	75	113
Equipment Operations | Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	102	93	76
Financing receivables securitized - net	59	76	113
Short-term securitization borrowings	58	75	113
Long-term borrowings due within one year	982	970	274
Long-term borrowings	4,679	4,714	5,537
Financial Services
Fair Values of Financial Instruments
Financing receivables - net	25,768.5	26,961	24,199.8
Financing receivables securitized - net	4,754.7	3,945.3	4,323.2
Short-term securitization borrowings	4,643.9	3,881.7	4,287.9
Long-term borrowings	23,576.6	22,523.5	20,742.1
Financial Services | Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	4,653	3,870	4,274
Long-term borrowings due within one year	5,305	5,411	6,559
Long-term borrowings	23,805	22,590	20,769
Financial Services | Level 3
Fair Values of Financial Instruments
Financing receivables - net	25,697	26,722	23,997
Financing receivables securitized - net	4,726	3,895	4,273
Financial Services | Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	25,768	26,961	24,200
Financing receivables securitized - net	4,755	3,946	4,323
Short-term securitization borrowings	4,644	3,882	4,288
Long-term borrowings due within one year	5,321	5,427	6,566
Long-term borrowings	$ 23,576	$ 22,523	$ 20,742

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 545.1	$ 490.1	$ 479.3
Derivative assets	240	168	194
Derivative liabilities	215	399	371
Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	240	168	194
Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	215	399	371
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	102	90	102
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	58	46	46
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
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	44	44	42
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	439	392	363
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	240	168	194
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	215	399	371
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	139	80	87
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	165	350	341
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	99	83	101
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	48	49	28
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	2	5	6
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		2
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | U.S. Government Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	73	67	44
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	55	46	46
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	148	140	137
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | International Debt Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	9	2	3
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	154	137	133
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	$ 4	$ 8	$ 14

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Debt Securities (Details) $ in Millions	Apr. 28, 2019USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 28
Amortized cost, due after one through five years	111
Amortized cost, due after five through 10 years	96
Amortized cost, due after 10 years	95
Amortized cost, mortgage-backed securities	155
Amortized cost, debt securities	485
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	28
Fair value, due after one through five years	111
Fair value, due after five through 10 years	97
Fair value, due after 10 years	97
Fair value, mortgage-backed securities	154
Fair value, debt securities	$ 487

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		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Fair Value, Recurring Level 3 Measurements from Available-for-Sale Marketable Securities
Beginning of period balance	$ 6	$ 15	$ 8	$ 17
Principal payments	(2)	(1)	(5)	(3)
Other			1
End of period balance	$ 4	$ 14	$ 4	$ 14

DERIVATIVE INSTRUMENTS - Cash F

DERIVATIVE INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Cash Flow Hedges
Cash flow hedge gain recorded in OCI to be reclassified within twelve months	$ 1
Maximum maturity of cash flow hedge interest rate and cross-currency interest rate contracts	20 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	$ 2,800	$ 3,050	$ 1,800
Cross-Currency Interest Rate Contracts | Cash Flow Hedges Member | Designated as Hedging Instruments
Cash Flow Hedges
Notional amount of cash flow hedge derivatives			$ 11

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Interest Rate Contracts - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Fair Value Hedges | Designated as Hedging Instruments
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$ 9,464	$ 8,479	$ 8,421
Long-term Borrowings Due in One Year
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	190
Active Hedging Relationships	1
Discontinued Relationships	(4)
Total	(3)
Long-term Borrowings
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	9,169
Active Hedging Relationships	(31)
Discontinued Relationships	(38)
Total	$ (69)

DERIVATIVE INSTRUMENTS - Not De

DERIVATIVE INSTRUMENTS - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 7,775	$ 8,075	$ 7,189
Interest Rate Cap Contracts | Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	13	66	123
Interest Rate Cap Contracts | Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	13	66	123
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	7,123	6,842	6,791
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 98	$ 81	$ 92

DERIVATIVE INSTRUMENTS - Fair_2

DERIVATIVE INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
Fair Value of Derivative Instruments
Total derivative assets	$ 240	$ 168	$ 194
Total derivative liabilities	215	399	371
Other Assets
Fair Value of Derivative Instruments
Total derivative assets	240	168	194
Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	215	399	371
Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	105	29	37
Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	125	321	316
Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	105	29	34
Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	125	321	316
Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets			3
Not Designated as Hedging Instruments | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	135	139	157
Not Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	90	78	55
Not Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	34	51	53
Not Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	40	29	25
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	99	83	101
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	48	49	28
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Value of Derivative Instruments
Total derivative assets	2	$ 5	3
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	$ 2		$ 2

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statement of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 75	$ 195	$ 72	$ (64)
Interest Rate Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(6)	6	(14)	14
Interest Rate Contracts | Net Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(7)		(17)
Interest Rate Contracts | Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	141	(118)	274	(254)
Cash flow hedges, reclassified from OCI	3	1	5	1
Not designated as hedges, gains (losses)	(10)	(5)	(18)
Foreign Exchange Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI		1		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)	12	36	7	(12)
Foreign Exchange Contracts | Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 80	$ 164	$ 100	$ (52)

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Apr. 28, 2019	Oct. 28, 2018	Apr. 29, 2018
DERIVATIVE INSTRUMENTS
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 166	$ 350	$ 344
Collateral received	1
Cash collateral posted		59	32
Derivative Assets
Gross amounts recognized	240	168	194
Netting arrangements	(99)	(65)	(74)
Collateral received	(1)
Net amount	140	103	120
Derivative Liabilities
Gross amounts recognized	215	399	371
Netting arrangements	(99)	(65)	(74)
Collateral paid		(59)	(32)
Net amount	$ 116	$ 275	$ 265

STOCK OPTION AND RESTRICTED S_2

STOCK OPTION AND RESTRICTED STOCK AWARDS (Details) - $ / shares shares in Thousands	1 Months Ended	6 Months Ended
	Dec. 23, 2018	Apr. 28, 2019
Share-based Compensation, Aggregate Disclosures
Number of additional shares authorized for grant related to stock option and restricted stock awards		8,300
Stock Options
Share-based Compensation, Aggregate Disclosures
Options granted (in shares)	402
Options granted, exercise price (in dollars per share)	$ 148.14
Options granted, fair value (in dollars per share)	$ 46.96
Options outstanding (in shares)		8,000
Options outstanding, weighted-average exercise price (in dollars per share)		$ 91.38
Fair value assumptions method used	lattice model
Restricted Stock Units
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		429
Restricted Stock Units Subject to Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		337
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 149.09
Restricted Stock Units Subject to Performance/Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		92
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 140.49

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Sep. 23, 2018	Apr. 29, 2018	Apr. 28, 2019	Oct. 28, 2018	Oct. 29, 2017
Acquisitions
Cash purchase price, net of cash acquired		$ 5,171.1
Preliminary Asset and Liability Fair Values at the Acquisition Date
Goodwill		$ 3,188.7	$ 3,024.9	$ 3,100.7	$ 1,033
PLA
Acquisitions
Cash acquired	$ 1
Cash purchase price, net of cash acquired	74
Escrow to secure indemnity obligations	4
Liabilities assumed	29
Preliminary Asset and Liability Fair Values at the Acquisition Date
Trade accounts and notes receivable	3
Other receivables	14
Inventories	18
Property and equipment	1
Goodwill	44
Other intangible assets	22
Other assets	1
Total assets	103
Short-term borrowings	8
Accounts payable and accrued expenses	17
Deferred income taxes	4
Total liabilities	$ 29
Identifiable Intangible Assets
Weighted-average useful lives (in years)	5 years

SUPPLEMENTAL CONSOLIDATING DA_3

SUPPLEMENTAL CONSOLIDATING DATA - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Net Sales and Revenues
Net sales and revenues	$ 11,342.4	$ 10,720	$ 19,326	$ 17,633.5
Costs and Expenses
Research and development expenses	457.1	415.2	863.8	772
Selling, administrative and general expenses	946.9	939.2	1,710.6	1,644.3
Interest expense	350.8	303.7	703.8	590
Total	9,869	9,336.3	17,175.4	15,731.9
Income of Consolidated Group before Income Taxes	1,473.4	1,383.7	2,150.6	1,901.6
Provision for income taxes	343.5	177.1	527.5	1,234.7
Income of Consolidated Group	1,129.9	1,206.6	1,623.1	666.9
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Net Income	1,136.3	1,209.7	1,635.9	674.9
Less: Net income attributable to noncontrolling interests	1.4	1.4	2.5	1.7
Net Income Attributable to Deere & Company	1,134.9	1,208.3	1,633.4	673.2
Net Sales
Net Sales and Revenues
Net sales and revenues	10,272.8	9,747	17,213.7	15,721
Costs and Expenses
Costs and expenses	7,754.7	7,333.3	13,186.3	12,037.8
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	837.8	753.9	1,652.7	1,476.8
Other
Net Sales and Revenues
Net sales and revenues	231.8	219.1	459.6	435.7
Costs and Expenses
Costs and expenses	359.5	344.9	710.9	687.8
Equipment Operations
Net Sales and Revenues
Net sales and revenues	10,511.5	9,977.7	17,690.7	16,159.7
Costs and Expenses
Research and development expenses	457.1	415.2	863.8	772
Selling, administrative and general expenses	795.2	799.5	1,439.7	1,390.2
Interest expense	43.5	78.2	115	174.2
Interest compensation to Financial Services	92.4	80.6	161.5	142.2
Total	9,210.4	8,774	15,905.7	14,656.3
Income of Consolidated Group before Income Taxes	1,301.1	1,203.7	1,785	1,503.4
Provision for income taxes	291.4	100.8	435.5	1,364.7
Income of Consolidated Group	1,009.7	1,102.9	1,349.5	138.7
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	126.6	106.8	286.4	536.2
Net Income	1,136.3	1,209.7	1,635.9	674.9
Less: Net income attributable to noncontrolling interests	1.4	1.4	2.5	1.7
Net Income Attributable to Deere & Company	1,134.9	1,208.3	1,633.4	673.2
Equipment Operations | Financial Services
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	120.7	104.1	274.6	529.4
Equipment Operations | Other
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	5.9	2.7	11.8	6.8
Equipment Operations | Net Sales
Net Sales and Revenues
Net sales and revenues	10,272.8	9,747	17,213.7	15,721
Costs and Expenses
Costs and expenses	7,755.1	7,333.8	13,187.2	12,038.8
Equipment Operations | Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	25.1	27.8	48.5	39.4
Equipment Operations | Other
Net Sales and Revenues
Net sales and revenues	213.6	202.9	428.5	399.3
Costs and Expenses
Costs and expenses	67.1	66.7	138.5	138.9
Financial Services
Net Sales and Revenues
Net sales and revenues	982.1	877.4	1,908.8	1,717.1
Costs and Expenses
Selling, administrative and general expenses	153.6	141.5	274.9	257.7
Interest expense	311.7	231.2	598.8	425.3
Total	809.8	697.4	1,543.2	1,318.9
Income of Consolidated Group before Income Taxes	172.3	180	365.6	398.2
Provision for income taxes	52.1	76.3	92	(130)
Income of Consolidated Group	120.2	103.7	273.6	528.2
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	0.5	0.4	1	1.2
Net Income	120.7	104.1	274.6	529.4
Net Income Attributable to Deere & Company	120.7	104.1	274.6	529.4
Financial Services | Financial Services
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	0.5	0.4	1	1.2
Financial Services | Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	909.7	812.5	1,775.9	1,589.4
Financial Services | Other
Net Sales and Revenues
Net sales and revenues	72.4	64.9	132.9	127.7
Costs and Expenses
Costs and expenses	$ 344.5	$ 324.7	$ 669.5	$ 635.9

SUPPLEMENTAL CONSOLIDATING DA_4

SUPPLEMENTAL CONSOLIDATING DATA - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 28, 2019	Jan. 27, 2019	Oct. 29, 2018	Oct. 28, 2018	Apr. 29, 2018	Jan. 28, 2018	Oct. 29, 2017
ASSETS
Cash and cash equivalents	$ 3,483.7			$ 3,904	$ 4,201.4
Marketable securities	545.1			490.1	479.3
Receivables from unconsolidated subsidiaries and affiliates	34.1			21.7	34.3
Trade accounts and notes receivable - net	7,519.3			5,004.3	6,511.1
Financing receivables - net	25,870.3			27,054.1	24,275.5
Financing receivables securitized - net	4,813.6			4,021.4	4,436.3
Other receivables	1,477.7			1,735.5	1,398.2
Equipment on operating leases - net	7,039.9			7,165.4	6,723.1
Inventories	7,160.9			6,148.9	6,888.9
Property and equipment - net	5,757.1			5,867.5	5,742.9
Investments in unconsolidated subsidiaries and affiliates	234.8			207.3	202.1
Goodwill	3,024.9			3,100.7	3,188.7		$ 1,033
Other intangible assets - net	1,475.9			1,562.4	1,692.2
Retirement benefits	1,382.7			1,298.3	617.9
Deferred income taxes	1,038.9			808	1,718.5
Other assets	1,870.7		$ 1,828	1,718.4	1,762.6
Total Assets	72,729.6			70,108	69,873
LIABILITIES
Short-term borrowings	11,761.8			11,061.4	10,894.6
Short-term securitization borrowings	4,702.2			3,957.3	4,401.1
Payables to unconsolidated subsidiaries and affiliates	199.5			128.9	145.7
Accounts payable and accrued expenses	9,625.8		$ 10,221	10,111	9,789.6
Deferred income taxes	513.5			555.8	562.7
Long-term borrowings	28,255.4			27,237.4	26,278.6
Retirement benefits and other liabilities	5,733.1			5,751	7,366.1
Total liabilities	60,791.3			58,802.8	59,438.4
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14.3			14	14.6
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at April 28, 2019 - 536,431,204)	$ 4,559.1			4,474.2	4,423.4
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (16,738.5)			(16,311.8)	(15,425.9)
Retained earnings	28,708.8			27,553	25,586
Accumulated other comprehensive income (loss)	(4,609.9)			(4,427.6)	(4,173.2)
Total Deere & Company stockholders' equity	11,919.5			11,287.8	10,410.3
Noncontrolling interests	4.5			3.4	9.7
Total stockholders' equity	11,924	$ 11,332.7		11,291.2	10,420	$ 9,264.9	$ 9,560.5
Total Liabilities and Stockholders' Equity	72,729.6			70,108	69,873
Equipment Operations
ASSETS
Cash and cash equivalents	2,893.4			3,194.8	2,988.9
Marketable securities	6.9			8.2	16.9
Receivables from unconsolidated subsidiaries and affiliates	1,091.6			1,700.4	1,668
Trade accounts and notes receivable - net	1,607.8			1,373.7	1,515.9
Financing receivables - net	101.8			93.1	75.7
Financing receivables securitized - net	58.9			76.1	113.1
Other receivables	1,325.3			1,009.7	1,273.3
Inventories	7,160.9			6,148.9	6,888.9
Property and equipment - net	5,711.9			5,820.6	5,696
Investments in unconsolidated subsidiaries and affiliates	5,186.8			5,231.2	4,915.9
Goodwill	3,024.9			3,100.7	3,188.7
Other intangible assets - net	1,475.9			1,562.4	1,692.2
Retirement benefits	1,325.3			1,241.5	617.9
Deferred income taxes	1,574.9			1,502.6	2,065.5
Other assets	1,235.1			1,132.8	1,186.3
Total Assets	33,781.4			33,196.7	33,903.2
LIABILITIES
Short-term borrowings	1,336.9			1,434	659.1
Short-term securitization borrowings	58.3			75.6	113.2
Payables to unconsolidated subsidiaries and affiliates	199.5			128.9	145.7
Accounts payable and accrued expenses	9,470.7			9,382.5	9,265.7
Deferred income taxes	460.9			496.8	462.9
Long-term borrowings	4,678.8			4,713.9	5,536.5
Retirement benefits and other liabilities	5,638			5,659.8	7,285.5
Total liabilities	21,843.1			21,891.5	23,468.6
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14.3			14	14.6
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at April 28, 2019 - 536,431,204)	$ 4,559.1			$ 4,474.2	$ 4,423.4
Common stock, par value (in dollars per share)	$ 1			$ 1	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (16,738.5)			$ (16,311.8)	$ (15,425.9)
Retained earnings	28,708.8			27,553	25,586
Accumulated other comprehensive income (loss)	(4,609.9)			(4,427.6)	(4,173.2)
Total Deere & Company stockholders' equity	11,919.5			11,287.8	10,410.3
Noncontrolling interests	4.5			3.4	9.7
Total stockholders' equity	11,924			11,291.2	10,420
Total Liabilities and Stockholders' Equity	33,781.4			33,196.7	33,903.2
Financial Services
ASSETS
Cash and cash equivalents	590.3			709.2	1,212.5
Marketable securities	538.2			481.9	462.4
Trade accounts and notes receivable - net	7,554.2			4,906.4	6,436
Financing receivables - net	25,768.5			26,961	24,199.8
Financing receivables securitized - net	4,754.7			3,945.3	4,323.2
Other receivables	166.2			775.7	190.1
Equipment on operating leases - net	7,039.9			7,165.4	6,723.1
Property and equipment - net	45.2			46.9	46.9
Investments in unconsolidated subsidiaries and affiliates	15.6			15.2	15.3
Retirement benefits	57.4			56.8	15
Deferred income taxes	72.8			69.4	76.4
Other assets	636.7			587.1	577.3
Total Assets	47,239.7			45,720.3	44,278
LIABILITIES
Short-term borrowings	10,424.9			9,627.4	10,235.5
Short-term securitization borrowings	4,643.9			3,881.7	4,287.9
Payables to unconsolidated subsidiaries and affiliates	1,057.5			1,678.7	1,633.7
Accounts payable and accrued expenses	1,812.6			2,055.7	2,030.8
Deferred income taxes	661.5			823	523.2
Long-term borrowings	23,576.6			22,523.5	20,742.1
Retirement benefits and other liabilities	95.1			91.2	95.6
Total liabilities	42,272.1			40,681.2	39,548.8
Commitments and contingencies (Note 15)
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at April 28, 2019 - 536,431,204)	$ 2,106.9			$ 2,099.5	$ 2,099.1
Common stock, par value (in dollars per share)	$ 1			$ 1	$ 1
Common stock, issued shares	536,431,204
Retained earnings	$ 3,227.5			$ 3,257.2	$ 2,872.4
Accumulated other comprehensive income (loss)	(366.8)			(317.6)	(242.3)
Total Deere & Company stockholders' equity	4,967.6			5,039.1	4,729.2
Total stockholders' equity	4,967.6			5,039.1	4,729.2
Total Liabilities and Stockholders' Equity	$ 47,239.7			$ 45,720.3	$ 44,278

SUPPLEMENTAL CONSOLIDATING DA_5

SUPPLEMENTAL CONSOLIDATING DATA - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Apr. 28, 2019	Apr. 29, 2018
Cash Flows from Operating Activities
Net income	$ 1,136.3	$ 1,209.7	$ 1,635.9	$ 674.9
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			36.6	26.8
Provision for depreciation and amortization			1,016.5	950.8
Gain on sales of businesses				(13.2)
Undistributed earnings of unconsolidated subsidiaries and affiliates			(8.6)	(4.5)
Provision (credit) for deferred income taxes			(282.2)	604.3
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			(2,731.3)	(2,094.1)
Inventories			(1,394.3)	(1,796.8)
Accounts payable and accrued expenses			(66.4)	306.9
Accrued income taxes payable/receivable			157	153
Retirement benefits			20.3	67.6
Other			77.3	(135.6)
Net cash provided by (used for) operating activities			(1,494.8)	(1,220.1)
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities			30.3	23.8
Proceeds from sales of equipment on operating leases			823.4	748.6
Proceeds from sales of businesses, net of cash sold				55
Acquisitions of businesses, net of cash acquired				(5,171.1)
Purchases of marketable securities			(59.6)	(62.8)
Purchases of property and equipment			(490.9)	(352.2)
Cost of equipment on operating leases acquired			(924.1)	(926.5)
Other			(39.9)	(73.2)
Net cash provided by (used for) investing activities			(372.2)	(5,158.7)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			1,570.4	199.1
Proceeds from long-term borrowings			4,232.2	4,077.7
Payments of long-term borrowings			(3,426.8)	(2,888.7)
Proceeds from issuance of common stock			94.7	198.6
Repurchases of common stock			(480.4)	(60.6)
Dividends paid			(462.3)	(386.9)
Other			(55.6)	(43.9)
Net cash provided by (used for) financing activities			1,472.2	1,095.3
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(34.8)	145.9
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(429.6)	(5,137.6)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			4,015.3	9,466.8
Cash, Cash Equivalents, and Restricted Cash at End of Period	3,585.7	4,329.2	3,585.7	4,329.2
Equipment Operations
Cash Flows from Operating Activities
Net income	1,136.3	1,209.7	1,635.9	674.9
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			4.5	9.2
Provision for depreciation and amortization			525.2	483.8
Gain on sales of businesses				(13.2)
Undistributed earnings of unconsolidated subsidiaries and affiliates			29.8	(93.8)
Provision (credit) for deferred income taxes			(117.7)	934.5
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			(271.1)	(188.5)
Inventories			(1,086.2)	(1,439.5)
Accounts payable and accrued expenses			247.4	578
Accrued income taxes payable/receivable			(344.1)	147.4
Retirement benefits			16.6	62.7
Other			67.7	(104.5)
Net cash provided by (used for) operating activities			708	1,051
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities			5.3	3.6
Proceeds from sales of businesses, net of cash sold				55
Acquisitions of businesses, net of cash acquired				(5,171.1)
Purchases of marketable securities			(2)
Purchases of property and equipment			(489.9)	(351.6)
Other			(51.3)	44.2
Net cash provided by (used for) investing activities			(537.9)	(5,419.9)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			(130.7)	(67.1)
Change in intercompany receivables/payables			610.8	(641.6)
Proceeds from long-term borrowings			120.3	107.1
Payments of long-term borrowings			(157.5)	(85.3)
Proceeds from issuance of common stock			94.7	198.6
Repurchases of common stock			(480.4)	(60.6)
Dividends paid			(462.3)	(386.9)
Other			(36.1)	(25.5)
Net cash provided by (used for) financing activities			(441.2)	(961.3)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(26.9)	152.3
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(298)	(5,177.9)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			3,201.8	8,174.4
Cash, Cash Equivalents, and Restricted Cash at End of Period	2,903.8	2,996.5	2,903.8	2,996.5
Financial Services
Cash Flows from Operating Activities
Net income	120.7	104.1	274.6	529.4
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			32.1	17.6
Provision for depreciation and amortization			557.3	529.3
Undistributed earnings of unconsolidated subsidiaries and affiliates			(0.8)	(1)
Provision (credit) for deferred income taxes			(164.5)	(330.2)
Changes in assets and liabilities:
Accounts payable and accrued expenses			53	84.2
Accrued income taxes payable/receivable			501.1	5.6
Retirement benefits			3.7	4.9
Other			99.6	71.9
Net cash provided by (used for) operating activities			1,356.1	911.7
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)			9,893.7	9,486.7
Proceeds from maturities and sales of marketable securities			25	20.2
Proceeds from sales of equipment on operating leases			823.4	748.6
Cost of receivables acquired (excluding trade and wholesale)			(9,422.9)	(8,918.8)
Purchases of marketable securities			(57.6)	(62.8)
Purchases of property and equipment			(1)	(0.6)
Cost of equipment on operating leases acquired			(1,340.5)	(1,409.3)
Increase in trade and wholesale receivables			(3,028.1)	(2,293.8)
Other			19.5	(52.6)
Net cash provided by (used for) investing activities			(3,088.5)	(2,482.4)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			1,701.1	266.2
Change in intercompany receivables/payables			(610.8)	641.6
Proceeds from long-term borrowings			4,111.9	3,970.6
Payments of long-term borrowings			(3,269.3)	(2,803.4)
Dividends paid			(312.2)	(439.1)
Other			(12.1)	(18.5)
Net cash provided by (used for) financing activities			1,608.6	1,617.4
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(7.9)	(6.4)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(131.7)	40.3
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			813.5	1,292.4
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 681.8	$ 1,332.7	$ 681.8	$ 1,332.7