Deere & Company (DE) 8-K Deere Reports Third-Quarter Net Income of $899 Million

Exhibit 99.2

(Furnished herewith)

Deere & Company

Other Financial Information

For the Nine Months Ended	Equipment Operations*						Agriculture and Turf						Construction and Forestry*
	July 28			July 29			July 28			July 29			July 28			July 29
Dollars in millions	2019			2018			2019			2018			2019			2018
Net Sales	$	26,182		$	25,007		$	17,909		$	17,585		$	8,273		$	7,422
Net Sales - excluding Wirtgen	$	23,762		$	22,725		$	17,909		$	17,585		$	5,853		$	5,140
Average Identifiable Assets
With Inventories at LIFO	$	20,984		$	19,632		$	10,880		$	10,272		$	10,104		$	9,360
With Inventories at LIFO - excluding Wirtgen	$	14,603		$	13,605		$	10,880		$	10,272		$	3,723		$	3,333
With Inventories at Standard Cost	$	22,359		$	20,900		$	11,989		$	11,294		$	10,370		$	9,606
With Inventories at Standard Cost - excluding Wirtgen	$	15,977		$	14,872		$	11,989		$	11,294		$	3,988		$	3,578
Operating Profit	$	2,932		$	2,822		$	1,978		$	2,249		$	954		$	573
Operating Profit - excluding Wirtgen	$	2,657		$	2,785		$	1,978		$	2,249		$	679		$	536
Percent of Net Sales - excluding Wirtgen		11.2	%		12.3	%		11.0	%		12.8	%		11.6	%		10.4	%
Operating Return on Assets - excluding Wirtgen
With Inventories at LIFO - excluding Wirtgen		18.2	%		20.5	%		18.2	%		21.9	%		18.2	%		16.1	%
With Inventories at Standard Cost - excluding Wirtgen		16.6	%		18.7	%		16.5	%		19.9	%		17.0	%		15.0	%
SVA Cost of Assets - excluding Wirtgen	$	(1,437)		$	(1,339)		$	(1,078)		$	(1,016)		$	(359)		$	(323)
SVA - excluding Wirtgen	$	1,220		$	1,446		$	900		$	1,233		$	320		$	213
For the Nine Months Ended	Financial Services
	July 28			July 29
Dollars in millions		2019		2018**
Net Income Attributable to Deere & Company	$	450		$	681
Net Income Attributable to Deere & Company - Tax Adjusted				$	402
Average Equity	$	5,018		$	4,808
Average Equity - Tax Adjusted				$	4,758
Return on Equity		9.0	%		14.2	%
Return on Equity - Tax Adjusted					8.4	%
Operating Profit	$	566		$	591
Average Equity	$	5,018		$	4,758
Cost of Equity	$	(478)		$	(527)
SVA	$	88		$	64
The Company evaluates its business results on the basis of accounting principles generally accepted in the United States. In addition, it uses a metric referred to as Shareholder Value Added (SVA), which management believes is an appropriate measure for the performance of its businesses. SVA is, in effect, the pretax profit left over after subtracting the cost of enterprise capital. The Company is aiming for a sustained creation of SVA and is using this metric for various performance goals. Certain compensation is also determined on the basis of performance using this measure. For purposes of determining SVA, each of the equipment segments is assessed a pretax cost of assets, which on an annual basis is approximately 12 percent of the segment’s average identifiable operating assets during the applicable period with inventory at standard cost. Management believes that valuing inventories at standard cost more closely approximates the current cost of inventory and the Company’s investment in the asset. The Financial Services segment is assessed an annual pretax cost of approximately 13 percent of the segment's average equity (15 percent in 2018). The cost of assets or equity, as applicable, is deducted from the operating profit or added to the operating loss of each segment to determine the amount of SVA. * On December 1, 2017, the Company acquired the stock and certain assets of substantially all of Wirtgen Group Holding GmbH's operations (Wirtgen), the leading manufacturer worldwide of road building equipment. Wirtgen is included in the construction and forestry segment. Wirtgen is excluded from the metrics above. ** The 2018 SVA calculation was adjusted for certain effects of U.S. Tax Reform legislation enacted on December 22, 2017 due to the significant discrete income tax benefit in 2018. The 2019 SVA is calculated with unadjusted U.S. GAAP information.

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