Deere & Company (DE) 10-Q29 Aug 192019 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	9 Months Ended
Document and Entity Information	Jul. 28, 2019shares
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 28, 2019
Entity File Number	1-4121
Entity Registrant Name	DEERE & CO
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2382580
Entity Address, Address Line One	One John Deere Place
Entity Address, City or Town	Moline
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	61265
City Area Code	309
Local Phone Number	765-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	314,872,834
Current Fiscal Year End Date	--11-03
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000315189
Amendment Flag	false
Common Stock
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	DE
Security Exchange Name	NYSE
8-1/2% Debentures Due 2022
Title of 12(b) Security	8½% Debentures Due 2022
Trading Symbol	DE22
Security Exchange Name	NYSE
6.55% Debentures Due 2028
Title of 12(b) Security	6.55% Debentures Due 2028
Trading Symbol	DE28
Security Exchange Name	NYSE

STATEMENT OF CONSOLIDATED INCOM

STATEMENT OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Net Sales and Revenues
Net sales and revenues	$ 10,036	$ 10,308	$ 29,362	$ 27,942
Costs and Expenses
Research and development expenses	431	416	1,295	1,188
Selling, administrative and general expenses	896	913	2,607	2,557
Interest expense	374	291	1,078	881
Total	8,923	9,118	26,099	24,850
Income of Consolidated Group before Income Taxes	1,113	1,190	3,263	3,092
Provision for income taxes	221	289	748	1,524
Income of Consolidated Group	892	901	2,515	1,568
Equity in income of unconsolidated affiliates	7	10	20	18
Net Income	899	911	2,535	1,586
Less: Net income attributable to noncontrolling interests	0	1	3	2
Net Income Attributable to Deere & Company	$ 899	$ 910	$ 2,532	$ 1,584
Per Share Data
Basic (in dollars per share)	$ 2.84	$ 2.81	$ 7.98	$ 4.90
Diluted (in dollars per share)	$ 2.81	$ 2.78	$ 7.87	$ 4.82
Average Shares Outstanding
Basic (in shares)	315.9	323.5	317.3	323.4
Diluted (in shares)	319.8	328	321.5	328.2
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 8,969	$ 9,286	$ 26,182	$ 25,007
Costs and Expenses
Costs and expenses	6,870	7,152	20,056	19,190
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	884	786	2,537	2,263
Other
Net Sales and Revenues
Net sales and revenues	183	236	643	672
Costs and Expenses
Costs and expenses	$ 352	$ 346	$ 1,063	$ 1,034

STATEMENT OF CONSOLIDATED COMPR

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME
Net income	$ 899	$ 911	$ 2,535	$ 1,586
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	15	40	84	205
Cumulative translation adjustment	26	(421)	(218)	(197)
Unrealized gain (loss) on derivatives	(22)	(1)	(37)	10
Unrealized gain (loss) on debt securities	10	1	25	(8)
Other Comprehensive Income (Loss), Net of Income Taxes	29	(381)	(146)	10
Comprehensive Income of Consolidated Group	928	530	2,389	1,596
Less: Comprehensive income attributable to noncontrolling interests	0	0	3	1
Comprehensive Income Attributable to Deere & Company	$ 928	$ 530	$ 2,386	$ 1,595

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jul. 28, 2019	Apr. 28, 2019	Oct. 29, 2018	Oct. 28, 2018	Jul. 29, 2018	Apr. 29, 2018	Oct. 29, 2017
ASSETS
Cash and cash equivalents	$ 3,383			$ 3,904	$ 3,923
Marketable securities	565			490	488
Receivables from unconsolidated affiliates	54			22	28
Trade accounts and notes receivable - net	6,758			5,004	6,208
Financing receivables - net	27,049			27,054	25,213
Financing receivables securitized - net	5,200			4,022	4,662
Other receivables	1,535			1,736	1,300
Equipment on operating leases - net	7,269			7,165	6,805
Inventories	6,747			6,149	6,239
Property and equipment - net	5,798			5,868	5,638
Investments in unconsolidated affiliates	219			207	199
Goodwill	3,013			3,101	3,047		$ 1,033
Other intangible assets - net	1,444			1,562	1,581
Retirement benefits	1,431			1,298	737
Deferred income taxes	1,088			808	1,645
Other assets	1,977		$ 1,828	1,718	1,677
Total Assets	73,530			70,108	69,390
LIABILITIES
Short-term borrowings	11,142			11,062	11,004
Short-term securitization borrowings	5,048			3,957	4,528
Payables to unconsolidated affiliates	136			129	111
Accounts payable and accrued expenses	9,390		$ 10,221	10,111	9,483
Deferred income taxes	507			556	524
Long-term borrowings	29,242			27,237	26,838
Retirement benefits and other liabilities	5,781			5,751	6,522
Total liabilities	61,246			58,803	59,010
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14			14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2019 - 536,431,204)	4,599			4,474	4,451
Common stock in treasury	(17,121)			(16,312)	(15,814)
Retained earnings	29,369			27,553	26,272
Accumulated other comprehensive income (loss)	(4,581)			(4,427)	(4,553)
Total Deere & Company stockholders' equity	12,266			11,288	10,356
Noncontrolling interests	4			3	10
Total stockholders' equity	12,270	$ 11,924		11,291	10,366	$ 10,420	$ 9,560
Total Liabilities and Stockholders' Equity	$ 73,530			$ 70,108	$ 69,390

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical)	Jul. 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	9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018
Cash Flows from Operating Activities
Net income	$ 2,535	$ 1,586
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision for credit losses	58	66
Provision for depreciation and amortization	1,522	1,445
Share-based compensation expense	63	63
Gain on sales of businesses		(25)
Undistributed earnings of unconsolidated affiliates	10	(10)
Provision (credit) for deferred income taxes	(332)	641
Changes in assets and liabilities:
Trade, notes, and financing receivables related to sales	(2,206)	(2,365)
Inventories	(1,168)	(1,539)
Accounts payable and accrued expenses	(306)	213
Accrued income taxes payable/receivable	253	176
Retirement benefits	40	(814)
Other	(65)	(109)
Net cash provided by (used for) operating activities	404	(672)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	12,685	12,162
Proceeds from maturities and sales of marketable securities	72	56
Proceeds from sales of equipment on operating leases	1,171	1,116
Proceeds from sales of businesses, net of cash sold		133
Cost of receivables acquired (excluding receivables related to sales)	(13,662)	(12,586)
Acquisitions of businesses, net of cash acquired		(5,171)
Purchases of marketable securities	(110)	(101)
Purchases of property and equipment	(756)	(571)
Cost of equipment on operating leases acquired	(1,462)	(1,428)
Other	(67)	(103)
Net cash used for investing activities	(2,129)	(6,493)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	(336)	1,183
Proceeds from long-term borrowings	7,440	5,739
Payments of long-term borrowings	(4,356)	(4,372)
Proceeds from issuance of common stock	133	209
Repurchases of common stock	(880)	(454)
Dividends paid	(703)	(583)
Other	(82)	(66)
Net cash provided by financing activities	1,216	1,656
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	(24)	71
Net Decrease in Cash, Cash Equivalents, and Restricted Cash	(533)	(5,438)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	4,015	9,467
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 3,482	$ 4,029

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	$ 4,281	$ (15,461)	$ 25,301	$ (4,564)	$ 3	$ 9,560
Increase (Decrease) in Stockholders' Equity
Net income			1,584		1	1,585
Other comprehensive income (loss)				11	(1)	10
Repurchases of common stock		(454)				(454)
Treasury shares reissued		101				101
Dividends declared			(613)		(2)	(615)
Acquisitions					8	8
Stock options and other	170				1	171
Balance at Jul. 29, 2018	4,451	(15,814)	26,272	(4,553)	10	10,366
Redeemable Noncontrolling Interest - Balance at Oct. 29, 2017						14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income						1
Dividends declared						(1)
Redeemable Noncontrolling Interest - Balance at Jul. 29, 2018						14
Balance at Apr. 29, 2018	4,423	(15,426)	25,586	(4,173)	10	10,420
Increase (Decrease) in Stockholders' Equity
Net income			910		1	911
Other comprehensive income (loss)				(380)	(1)	(381)
Repurchases of common stock		(394)				(394)
Treasury shares reissued		6				6
Dividends declared			(223)			(223)
Stock options and other	28		(1)			27
Balance at Jul. 29, 2018	4,451	(15,814)	26,272	(4,553)	10	10,366
Redeemable Noncontrolling Interest - Balance at Apr. 29, 2018						14
Redeemable Noncontrolling Interest - Balance at Jul. 29, 2018						14
Balance at Oct. 28, 2018	4,474	(16,312)	27,553	(4,427)	3	11,291
Increase (Decrease) in Stockholders' Equity
Net income			2,532		3	2,535
Other comprehensive income (loss)				(146)		(146)
Repurchases of common stock		(880)				(880)
Treasury shares reissued		71				71
Dividends declared			(725)		(2)	(727)
Stock options and other	125		1			126
Balance at Jul. 28, 2019	4,599	(17,121)	29,369	(4,581)	4	12,270
Redeemable Noncontrolling Interest - Balance at Oct. 28, 2018						14
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2019						14
Balance at Apr. 28, 2019	4,559	(16,739)	28,709	(4,610)	5	11,924
Increase (Decrease) in Stockholders' Equity
Net income			899			899
Other comprehensive income (loss)				29		29
Repurchases of common stock		(400)				(400)
Treasury shares reissued		18				18
Dividends declared			(240)		(1)	(241)
Stock options and other	40		1			41
Balance at Jul. 28, 2019	$ 4,599	$ (17,121)	29,369	(4,581)	$ 4	12,270
Redeemable Noncontrolling Interest - Balance at Apr. 28, 2019						14
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2019						$ 14
Increase (Decrease) in Stockholders' Equity
ASU No. 2016-01 adoption			$ 8	$ (8)

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	9 Months Ended
ORGANIZATION AND CONSOLIDATION	Jul. 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 – Financial Services – Consolidated – The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2019 and 2018 were July 28, 2019 and July 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 July 28, 2019 and October 28, 2018 in millions of dollars follows: July 28, 2019 October 28, 2018 Receivables from unconsolidated affiliates $ 3 $ 2 Investment in unconsolidated affiliates 20 Loan guarantee 25 Total $ 23 $ 27

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION	9 Months Ended
	Jul. 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 T 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 $498 million and $564 million in the first nine months of 2019 and 2018, respectively. The Company also had accounts payable related to purchases of property and equipment of approximately $70 million and $57 million at July 28, 2019 and July 29, 2018, respectively. The Company’s equipment operations held restricted cash of $9 million, $7 million, $7 million, and $6 million at July 28, 2019, October 28, 2018, July 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 $90 million, $104 million, $99 million, and $126 million at July 28, 2019, October 28, 2018, July 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	9 Months Ended
NEW ACCOUNTING STANDARDS	Jul. 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 $ 1,718 $ 110 $ 1,828 Liabilities Accounts payable and accrued expenses $ 10,111 $ 110 $ 10,221 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 implementing a software application for lessee accounting, designing new processes and controls, and evaluating the potential effects on the consolidated financial statements. The ASU will be adopted 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	9 Months Ended
REVENUE RECOGNITION	Jul. 28, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	(4) Revenue Recognition Sales of equipment and service parts. 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. Product warranties. Remanufactured components and parts. Precision guidance, telematics, and other information enabled solutions. Allowance for credit losses. Sales and transaction taxes. Shipping and handling costs. Contract costs The Company’s revenue by primary geographical market, major product line, and timing of revenue recognition in millions of dollars follow: Three Months Ended July 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ 2,870 $ 1,594 $ 632 $ 5,096 Canada 299 260 148 707 Western Europe 1,154 458 22 1,634 Central Europe and CIS 324 229 10 563 Latin America 708 171 66 945 Asia, Africa, Australia, New Zealand, 684 375 32 1,091 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Major product lines: Large Agriculture $ 2,985 $ 2,985 Small Agriculture 2,172 2,172 Turf 704 704 Construction $ 1,319 1,319 Compact Construction 320 320 Road Building 1,008 1,008 Forestry 333 333 Financial Products 25 7 $ 910 942 Other 153 100 253 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Timing of revenue recognition: Revenue recognized at a point in time $ 5,988 $ 3,055 $ 9,043 Revenue recognized over time 51 32 $ 910 993 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Nine Months Ended July 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ 9,411 $ 4,495 $ 1,810 $ 15,716 Canada 784 773 458 2,015 Western Europe 3,362 1,174 63 4,599 Central Europe and CIS 865 555 28 1,448 Latin America 2,028 515 199 2,742 Asia, Africa, Australia, New Zealand, 1,784 966 92 2,842 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362 Major product lines: Large Agriculture $ 8,647 $ 8,647 Small Agriculture 6,613 6,613 Turf 2,199 2,199 Construction $ 3,806 3,806 Compact Construction 904 904 Road Building 2,420 2,420 Forestry 1,023 1,023 Financial Products 69 20 $ 2,650 2,739 Other 706 305 1,011 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362 Timing of revenue recognition: Revenue recognized at a point in time $ 18,088 $ 8,402 $ 26,490 Revenue recognized over time 146 76 $ 2,650 2,872 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362 Following is a description of the Company’s major product lines: Large Agriculture Small Agriculture Turf Construction Compact Construction Road Building Forestry Financial Products Other 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 $1,022 million and $915 million at July 28, 2019 and October 28, 2018, respectively. The contract liability is reduced as the revenue is recognized. During the third quarter and first nine months of 2019, $101 million and $360 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 July 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 $878 million at July 28, 2019. The estimated revenue to be recognized by fiscal year follows in millions of dollars: remainder of 2019 - $133, 2020 - $348, 2021 - $197, 2022 - $116, 2023 - $58, and later years - $26. 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	9 Months Ended
OTHER COMPREHENSIVE INCOME ITEMS	Jul. 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 $ (3,580) $ (999) $ 5 $ 10 $ (4,564) Other comprehensive income (loss) items before reclassification 81 (196) 12 (7) (110) Amounts reclassified from accumulated other comprehensive income 124 (2) (1) 121 Net current period other comprehensive income (loss) 205 (196) 10 (8) 11 Balance July 29, 2018 $ (3,375) $ (1,195) $ 15 $ 2 $ (4,553) Balance October 28, 2018 $ (3,237) $ (1,203) $ 15 $ (2) $ (4,427) ASU No. 2016-01 adoption* (8) (8) Other comprehensive income (loss) items before reclassification 30 (218) (33) 26 (195) Amounts reclassified from accumulated other comprehensive income 54 (4) (1) 49 Net current period other comprehensive income (loss) 84 (218) (37) 25 (146) Balance July 28, 2019 $ (3,153) $ (1,421) $ (22) $ 15 $ (4,581) * 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 July 28, 2019 Amount Credit Amount Cumulative translation adjustment $ 27 $ (1) $ 26 Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (27) 6 (21) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (1) (1) Net unrealized gain (loss) on derivatives (28) 6 (22) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 13 (2) 11 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 12 (2) 10 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (3) 1 (2) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 35 (9) 26 Prior service (credit) cost 2 2 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 4 (1) 3 Prior service (credit) cost (19) 4 (15) Net unrealized gain (loss) on retirement benefits adjustment 20 (5) 15 Total other comprehensive income (loss) $ 31 $ (2) $ 29 * Before Tax After Tax (Expense) Tax Nine Months Ended July 28, 2019 Amount Credit Amount Cumulative translation adjustment $ (217) $ (1) $ (218) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (42) 9 (33) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (6) 2 (4) Net unrealized gain (loss) on derivatives (48) 11 (37) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 32 (6) 26 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 31 (6) 25 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (21) 5 (16) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 106 (26) 80 Prior service (credit) cost 8 (2) 6 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 12 (3) 9 Prior service (credit) cost (55) 13 (42) Net unrealized gain (loss) on retirement benefits adjustment 111 (27) 84 Total other comprehensive income (loss) $ (123) $ (23) $ (146) * Before Tax After Tax (Expense) Tax Three Months Ended July 29, 2018 Amount Credit Amount Cumulative translation adjustment $ (421) $ 1 $ (420) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) 1 1 Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (2) (2) Net unrealized gain (loss) on derivatives (1) (1) Unrealized gain (loss) on investments: Unrealized holding gain (loss) 2 (1) 1 Reclassification of realized (gain) loss – Other income Net unrealized gain (loss) on investments 2 (1) 1 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 53 (14) 39 Prior service (credit) cost 3 (1) 2 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 16 (4) 12 Prior service (credit) cost (19) 5 (14) Net unrealized gain (loss) on retirement benefits adjustment 54 (14) 40 Total other comprehensive income (loss) $ (366) $ (14) $ (380) * In the third quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income in both periods was none, which consisted of net income of none and $1 million and cumulative translation adjustments of none and $(1) million, respectively. Before Tax After Tax (Expense) Tax Nine Months Ended July 29, 2018 Amount Credit Amount Cumulative translation adjustment $ (196) $ (196) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) 16 $ (4) 12 Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (3) 1 (2) Net unrealized gain (loss) on derivatives 13 (3) 10 Unrealized gain (loss) on investments: Unrealized holding gain (loss) (9) 2 (7) Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on investments (10) 2 (8) Retirement benefits adjustment: Pensions Net actuarial gain (loss) 46 (11) 35 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 168 (48) 120 Prior service (credit) cost 9 (3) 6 Settlements/curtailments 7 (2) 5 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 47 (13) 34 Prior service (credit) cost (57) 16 (41) Net unrealized gain (loss) on retirement benefits adjustment 280 (75) 205 Total other comprehensive income (loss) $ 87 $ (76) $ 11 * In the first nine months of 2019 and 2018, the noncontrolling interests’ comprehensive income was $3 million and $1 million, respectively, which consisted of net income of $3 million and $2 million and cumulative translation adjustments of none and $(1) million, respectively.

DIVIDENDS DECLARED AND PAID

DIVIDENDS DECLARED AND PAID	9 Months Ended
DIVIDENDS DECLARED AND PAID	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Dividends declared $ .76 $ .69 $ 2.28 $ 1.89 Dividends paid $ .76 $ .60 $ 2.21 $ 1.80

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Net income attributable to Deere & Company $ 899 $ 910 $ 2,532 $ 1,584 Average shares outstanding 315.9 323.5 317.3 323.4 Basic per share $ 2.84 $ 2.81 $ 7.98 $ 4.90 Average shares outstanding 315.9 323.5 317.3 323.4 Effect of dilutive share-based compensation 3.9 4.5 4.2 4.8 Total potential shares outstanding 319.8 328.0 321.5 328.2 Diluted per share $ 2.81 $ 2.78 $ 7.87 $ 4.82 The income allocable to participating securities was insignificant for all periods and is reflected in the earnings per share. During the third quarter and first nine months of 2019, .9 million shares and .7 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive. During the third quarter and first nine months of 2018, .5 million shares and .4 million shares, respectively, were excluded from the above per share computation.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	9 Months Ended
PENSION AND OTHER POSTRETIREMENT BENEFITS	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Service cost $ 65 $ 75 $ 197 $ 223 Interest cost 112 97 334 292 Expected return on plan assets (200) (193) (600) (581) Amortization of actuarial loss 35 53 106 168 Amortization of prior service cost 2 3 8 9 Settlements/curtailments 1 1 1 7 Net cost $ 15 $ 36 $ 46 $ 118 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Service cost $ 11 $ 11 $ 31 $ 33 Interest cost 53 47 160 143 Expected return on plan assets (8) (5) (26) (16) Amortization of actuarial loss 4 16 12 47 Amortization of prior service credit (19) (19) (55) (57) Net cost $ 41 $ 50 $ 122 $ 150 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. In August 2019, a committee of the Company’s Board of Directors approved a voluntary contribution to a U.S. OPEB plan for up to $500 million. During the first nine months of 2019, the Company contributed approximately $47 million to its pension plans and $97 million to its OPEB plans. The Company presently anticipates contributing an additional $20 million to its pension plans and $340 million to its OPEB plans during the remainder of fiscal year 2019. The anticipated OPEB contributions include a voluntary $300 million to a U.S. plan, which will increase plan assets. The pension and remaining OPEB contributions exceeding the voluntary amounts primarily include direct benefit payments from Company funds.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Jul. 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). 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 2019 and 2018, the Company recorded discrete tax 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 third quarter and first nine months of 2019 and 2018 in millions of dollars follow: Three Months Ended Nine Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ 5 $ 5 Deemed earnings repatriation tax $ (24) $ (8) $ (32) $ (24) (8) (32) Total discrete tax expense (benefit) $ (24) $ (8) $ (32) $ (24) $ (3) $ (27) Three Months Ended Nine Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ (58) $ (4) $ (62) $ 795 $ (318) $ 477 Deemed earnings repatriation tax 179 85 264 Total discrete tax expense (benefit) $ (58) $ (4) $ (62) $ 974 $ (233) $ 741 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 2018 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 repatriation tax determination for the 2018 U.S. income tax return was completed in the third quarter of 2019 and resulted in a discrete tax benefit of approximately $32 million. The discrete benefit was based on adjustments from completing the 2018 income tax returns and the interpretation of the tax law and associated regulations for the repatriation tax, primarily related to fiscal year end companies. The Company paid the repatriation tax in 2019 with a U.S. income tax overpayment. The Company’s unrecognized tax benefits at July 28, 2019 were $630 million, compared to $279 million at October 28, 2018. The liability at July 28, 2019, October 28, 2018, and July 29, 2018 consisted of approximately $274 million, $128 million, and $137 million, respectively, which would affect the effective tax rate if the tax benefits were recognized. The increase from the previously reported periods primarily relates to the interpretation of a recently issued repatriation tax regulation for fiscal year end companies. 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	9 Months Ended
SEGMENT REPORTING	Jul. 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 Nine Months Ended July 28 July 29 % July 28 July 29 % 2019 2018 Change 2019 2018 Change Net sales and revenues: Agriculture and turf $ 5,946 $ 6,293 -6 $ 17,909 $ 17,585 +2 Construction and forestry 3,023 2,993 +1 8,273 7,422 +11 Total net sales 8,969 9,286 -3 26,182 25,007 +5 Financial services 910 830 +10 2,650 2,402 +10 Other revenues 157 192 -18 530 533 -1 Total net sales and revenues $ 10,036 $ 10,308 -3 $ 29,362 $ 27,942 +5 Operating profit: * Agriculture and turf $ 612 $ 806 -24 $ 1,978 $ 2,249 -12 Construction and forestry 378 281 +35 954 573 +66 Financial services 204 196 +4 566 591 -4 Total operating profit 1,194 1,283 -7 3,498 3,413 +2 Reconciling items ** (74) (84) -12 (218) (305) -29 Income taxes (221) (289) -24 (748) (1,524) -51 Net income attributable to Deere & Company $ 899 $ 910 -1 $ 2,532 $ 1,584 +60 Intersegment sales and revenues: Agriculture and turf net sales $ 9 $ 14 -36 $ 27 $ 38 -29 Construction and forestry net sales 1 Financial services 93 89 +4 261 234 +12 Equipment operations outside the U.S. and Canada: Net sales $ 4,026 $ 4,232 -5 $ 10,985 $ 11,036 Operating profit 430 398 +8 1,088 1,079 +1 July 28 October 28 2019 2018 Identifiable assets: Agriculture and turf $ 10,629 $ 10,161 +5 Construction and forestry 10,161 9,855 +3 Financial services 48,444 45,720 +6 Corporate 4,296 4,372 -2 Total assets $ 73,530 $ 70,108 +5 * ** 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	9 Months Ended
FINANCING RECEIVABLES	Jul. 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: July 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 $ 136 $ 63 $ 3 $ 202 Construction and forestry 87 35 2 124 Other: Agriculture and turf 38 22 60 Construction and forestry 17 7 24 Total $ 278 $ 127 $ 5 $ 410 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 202 $ 301 $ 18,038 $ 18,541 Construction and forestry 124 135 3,249 3,508 Other: Agriculture and turf 60 37 8,833 8,930 Construction and forestry 24 14 1,417 1,455 Total $ 410 $ 487 $ 31,537 32,434 Less allowance for credit losses 185 Total financing receivables – net $ 32,249 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 July 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 $ 138 $ 53 $ 54 $ 245 Construction and forestry 105 43 50 198 Other: Agriculture and turf 37 14 12 63 Construction and forestry 12 6 3 21 Total $ 292 $ 116 $ 119 $ 527 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 245 $ 203 $ 17,048 $ 17,496 Construction and forestry 198 42 2,967 3,207 Other: Agriculture and turf 63 14 8,009 8,086 Construction and forestry 21 3 1,249 1,273 Total $ 527 $ 262 $ 29,273 30,062 Less allowance for credit losses 187 Total financing receivables – net $ 29,875 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 July 28, 2019 Allowance: Beginning of period balance $ 115 $ 43 $ 24 $ 182 Provision 7 18 1 26 Write-offs (9) (26) (1) (36) Recoveries 5 8 13 Translation adjustments 2 (2) End of period balance * $ 120 $ 43 $ 22 $ 185 Nine Months Ended July 28, 2019 Allowance: Beginning of period balance $ 113 $ 43 $ 22 $ 178 Provision 21 34 7 62 Write-offs (29) (51) (5) (85) Recoveries 15 17 1 33 Translation adjustments (3) (3) End of period balance * $ 120 $ 43 $ 22 $ 185 Financing receivables: End of period balance $ 22,049 $ 3,877 $ 6,508 $ 32,434 Balance individually evaluated ** $ 145 $ 10 $ 155 * Individual allowances were not significant. ** Remainder is collectively evaluated. Revolving Retail Charge Notes Accounts Other Total Three Months Ended July 29, 2018 Allowance: Beginning of period balance $ 120 $ 40 $ 27 $ 187 Provision 8 21 3 32 Write-offs (9) (26) (1) (36) Recoveries 3 5 8 Translation adjustments (4) (4) End of period balance * $ 118 $ 40 $ 29 $ 187 Nine Months Ended July 29, 2018 Allowance: Beginning of period balance $ 121 $ 40 $ 26 $ 187 Provision 13 29 7 49 Write-offs (23) (44) (5) (72) Recoveries 13 15 1 29 Translation adjustments (6) (6) End of period balance * $ 118 $ 40 $ 29 $ 187 Financing receivables: End of period balance $ 20,703 $ 3,750 $ 5,609 $ 30,062 Balance individually evaluated ** $ 120 $ 1 $ 13 $ 134 * ** 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 July 28, 2019* Receivables with specific allowance $ 37 $ 36 $ 13 $ 37 Receivables without a specific allowance 35 33 39 Total $ 72 $ 69 $ 13 $ 76 Agriculture and turf $ 51 $ 50 $ 9 $ 52 Construction and forestry $ 21 $ 19 $ 4 $ 24 October 28, 2018* Receivables with specific allowance $ 28 $ 27 $ 10 $ 30 Receivables without a specific allowance 37 35 41 Total $ 65 $ 62 $ 10 $ 71 Agriculture and turf $ 50 $ 48 $ 9 $ 54 Construction and forestry $ 15 $ 14 $ 1 $ 17 July 29, 2018* Receivables with specific allowance $ 31 $ 30 $ 12 $ 33 Receivables without a specific allowance 37 35 40 Total $ 68 $ 65 $ 12 $ 73 Agriculture and turf $ 51 $ 49 $ 10 $ 54 Construction and forestry $ 17 $ 16 $ 2 $ 19 * ** 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 nine months of 2019, the Company identified 416 receivable contracts, primarily trade receivables and retail notes, as troubled debt restructurings with aggregate balances of $34 million pre-modification and $33 million post-modification. During the first nine months of 2018, there were 410 receivable contracts, primarily retail notes, identified as troubled debt restructurings with aggregate balances of $22 million pre-modification and $22 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At July 28, 2019, the Company had commitments to lend approximately $13 million to borrowers whose accounts were modified in troubled debt restructurings.

SECURITIZATION OF FINANCING REC

SECURITIZATION OF FINANCING RECEIVABLES	9 Months Ended
SECURITIZATION OF FINANCING RECEIVABLES	Jul. 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 $3,425 million, $2,593 million, and $2,971 million at July 28, 2019, October 28, 2018, and July 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) of these SPEs totaled $3,316 million, $2,520 million, and $2,860 million at July 28, 2019, October 28, 2018, and July 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 $587 million, $504 million, and $592 million at July 28, 2019, October 28, 2018, and July 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) were $546 million, $475 million, and $553 million at July 28, 2019, October 28, 2018, and July 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 $1,286 million, $1,033 million, and $1,213 million at July 28, 2019, October 28, 2018, and July 29, 2018, respectively. The liabilities (short-term securitization borrowings and accrued interest) related to these conduits were $1,190 million, $965 million, and $1,118 million at July 28, 2019, October 28, 2018, and July 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: July 28 2019 Carrying value of liabilities $ 1,190 Maximum exposure to loss 1,286 The total assets of unconsolidated VIEs related to securitizations were approximately $34 billion at July 28, 2019. The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars: July 28 October 28 July 29 2019 2018 2018 Financing receivables securitized (retail notes) $ 5,214 $ 4,032 $ 4,674 Allowance for credit losses (14) (10) (12) Other assets 98 108 114 Total restricted securitized assets $ 5,298 $ 4,130 $ 4,776 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: July 28 October 28 July 29 2019 2018 2018 Short-term securitization borrowings $ 5,048 $ 3,957 $ 4,528 Accrued interest on borrowings 4 3 3 Total liabilities related to restricted securitized assets $ 5,052 $ 3,960 $ 4,531 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 July 28, 2019, the maximum remaining term of all securitized retail notes was approximately six years.

INVENTORIES

INVENTORIES	9 Months Ended
INVENTORIES	Jul. 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: July 28 October 28 July 29 2019 2018 2018 Raw materials and supplies $ 2,365 $ 2,233 $ 2,126 Work-in-process 815 776 795 Finished goods and parts 5,345 4,777 4,768 Total FIFO value 8,525 7,786 7,689 Less adjustment to LIFO value 1,778 1,637 1,450 Inventories $ 6,747 $ 6,149 $ 6,239

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS-NET	Jul. 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 $ 521 $ 512 $ 1,033 Acquisitions 28 2,067 2,095 Divestitures (18) (18) Translation adjustments (4) (59) (63) Goodwill at July 29, 2018 $ 545 $ 2,502 $ 3,047 Goodwill at October 28, 2018 $ 583 $ 2,518 $ 3,101 Translation adjustments (1) (87) (88) Goodwill at July 28, 2019 $ 582 $ 2,431 $ 3,013 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 * July 28 October 28 July 29 (Years) 2019 2018 2018 Amortized intangible assets: Customer lists and relationships 16 $ 525 $ 542 $ 562 Technology, patents, trademarks, and other 18 1,057 1,080 1,052 Total at cost 1,582 1,622 1,614 Less accumulated amortization ** 261 183 156 Total 1,321 1,439 1,458 Unamortized intangible assets: In-process research and development 123 123 123 Other intangible assets – net $ 1,444 $ 1,562 $ 1,581 * ** The amortization of other intangible assets in the third quarter and the first nine months of 2019 was $27 million and $82 million and for 2018 was $27 million and $71 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2019 – $26, 2020 – $104, 2021 – $103, 2022 – $102, and 2023 – $100.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Jul. 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 $542 million and $486 million at July 28, 2019 and July 29, 2018, respectively. A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows: Three Months Ended Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Beginning of period balance $ 1,714 $ 1,591 $ 1,652 $ 1,468 Payments (252) (212) (714) (642) Amortization of premiums received (57) (56) (168) (170) Accruals for warranties 263 250 772 704 Premiums received 75 72 209 198 Acquisitions 80 Foreign exchange 3 (21) (5) (14) End of period balance $ 1,746 $ 1,624 $ 1,746 $ 1,624 At July 28, 2019, the Company had approximately $325 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 July 28, 2019, the Company had accrued losses of approximately $14 million under these agreements. The maximum remaining term of the receivables guaranteed at July 28, 2019 was approximately seven years. At July 28, 2019, the Company had commitments of approximately $452 million for the construction and acquisition of property and equipment. Also, at July 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 $70 million at July 28, 2019. The accrued liability for these contingencies was not material at July 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	9 Months Ended
FAIR VALUE MEASUREMENTS	Jul. 28, 2019
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(16) Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To determine fair value, the Company uses various methods including market and income approaches. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied. Level 1 measurements consist of quoted prices in active markets for identical assets or liabilities. Level 2 measurements include significant other observable inputs such as quoted prices for similar assets or liabilities in active markets; identical assets or liabilities in inactive markets; observable inputs such as interest rates and yield curves; and other market-corroborated inputs. Level 3 measurements include significant unobservable inputs. The fair values of financial instruments that do not approximate the carrying values in millions of dollars follow: July 28, 2019 October 28, 2018 July 29, 2018 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 100 $ 93 $ 93 $ 91 $ 78 $ 75 Financial services 26,949 26,921 26,961 26,722 25,135 24,911 Total $ 27,049 $ 27,014 $ 27,054 $ 26,813 $ 25,213 $ 24,986 Financing receivables securitized – net: Equipment operations $ 54 $ 52 $ 76 $ 73 $ 90 $ 89 Financial services 5,146 5,154 3,946 3,895 4,572 4,517 Total $ 5,200 $ 5,206 $ 4,022 $ 3,968 $ 4,662 $ 4,606 Short-term securitization borrowings: Equipment operations $ 53 $ 54 $ 75 $ 75 $ 90 $ 89 Financial services 4,995 5,017 3,882 3,870 4,438 4,426 Total $ 5,048 $ 5,071 $ 3,957 $ 3,945 $ 4,528 $ 4,515 Long-term borrowings due within one year: Equipment operations $ 1,009 $ 1,013 $ 970 $ 979 $ 238 $ 239 Financial services 6,922 6,914 5,427 5,411 5,955 5,947 Total $ 7,931 $ 7,927 $ 6,397 $ 6,390 $ 6,193 $ 6,186 Long-term borrowings: Equipment operations $ 5,364 $ 6,017 $ 4,714 $ 4,948 $ 5,526 $ 5,838 Financial services 23,878 24,143 22,523 22,590 21,312 21,388 Total $ 29,242 $ 30,160 $ 27,237 $ 27,538 $ 26,838 $ 27,226 * 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: July 28 October 28 July 29 2019 2018 2018 Level 1: Marketable securities Equity fund $ 59 $ 46 $ 46 Fixed income fund * 9 U.S. government debt securities 49 44 39 Total Level 1 marketable securities 108 90 94 Level 2: Marketable securities U.S. government debt securities 73 67 60 Municipal debt securities 57 46 47 Corporate debt securities 156 140 138 International debt securities 9 2 3 Mortgage-backed securities ** 158 137 136 Total Level 2 marketable securities 453 392 384 Other assets Derivatives: Interest rate contracts 265 80 68 Foreign exchange contracts 53 83 50 Cross-currency interest rate contracts 2 5 6 Total Level 2 other assets 320 168 124 Accounts payable and accrued expenses Derivatives: Interest rate contracts 99 350 330 Foreign exchange contracts 45 49 52 Cross-currency interest rate contracts 2 2 Total Level 2 accounts payable and accrued expenses 146 399 384 Level 3: Marketable securities International debt securities 4 8 10 * *During the third quarter and first nine months of 2019, $1 million and $7 million, respectively, of net unrealized gains on equity securities were recorded in “Other income”. The contractual maturities of debt securities at July 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 $ 30 $ 30 Due after one through five years 101 102 Due after five through 10 years 92 96 Due after 10 years 115 120 Mortgage-backed securities 155 158 Debt securities $ 493 $ 506 Fair value, recurring Level 3 measurements from available-for-sale marketable securities in millions of dollars follow: Three Months Ended Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Beginning of period balance $ 4 $ 14 $ 8 $ 17 Principal payments (4) (5) (7) Other 1 End of period balance $ 4 $ 10 $ 4 $ 10 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 – Derivatives – 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	9 Months Ended
DERIVATIVE INSTRUMENTS	Jul. 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, along with periodic long-term debt issuances. 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 July 28, 2019, October 28, 2018, and July 29, 2018 were $2,750 million, $3,050 million, and $2,400 million, respectively. Included in the July 28, 2019 notional amount is $250 million for a forecasted debt issuance expected to occur in the fourth quarter of 2019. The total notional amount of the cross-currency interest rate contract at July 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 loss recorded in OCI at July 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 $6 million after-tax. The Company is hedging a portion of its expected exposure to interest rate changes in a forecasted, fourth quarter 2019 debt issuance using an interest rate contract with a term of 30 years. 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 July 28, 2019, October 28, 2018, and July 29, 2018 were $9,245 million, $8,479 million, and $7,792 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 July 28, 2019 Hedged Item Relationships Relationships Total Long-term borrowings due within one year* $ 187 $ 1 $ (5) $ (4) Long-term borrowings 9,154 184 (50) 134 * 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 July 28, 2019, October 28, 2018, and July 29, 2018 were $7,607 million, $8,075 million, and $6,519 million, the foreign exchange contracts were $6,362 million, $6,842 million, and $7,752 million, and the cross-currency interest rate contracts were $90 million, $81 million, and $96 million, respectively. To facilitate borrowings through securitization of retail notes, interest rate caps were sold with notional amounts of $8 million, $66 million, and $92 million at July 28, 2019, October 28, 2018, and July 29, 2018, respectively. Interest rate caps were also purchased with notional amounts of $8 million, $66 million, and $92 million at the same dates. The fair value gains or losses from the interest rate contracts were recognized currently in interest expense or net sales, 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: July 28 October 28 July 29 Other Assets 2019 2018 2018 Designated as hedging instruments: Interest rate contracts $ 232 $ 29 $ 24 Cross-currency interest rate contracts 3 Total designated 232 29 27 Not designated as hedging instruments: Interest rate contracts 33 51 44 Foreign exchange contracts 53 83 50 Cross-currency interest rate contracts 2 5 3 Total not designated 88 139 97 Total derivative assets $ 320 $ 168 $ 124 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 55 $ 321 $ 305 Total designated 55 321 305 Not designated as hedging instruments: Interest rate contracts 44 29 25 Foreign exchange contracts 45 49 52 Cross-currency interest rate contracts 2 2 Total not designated 91 78 79 Total derivative liabilities $ 146 $ 399 $ 384 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Fair Value Hedges: Interest rate contracts - Interest expense $ 193 $ (10) $ 468 $ (264) Cash Flow Hedges Recognized in OCI Interest rate contracts - OCI (pretax) * (27) 1 (42) 15 Foreign exchange contracts - OCI (pretax) * 1 Reclassified from OCI Interest rate contracts - Interest expense * 1 2 6 3 Not Designated as Hedges: Interest rate contracts - Net sales $ (6) $ (23) Interest rate contracts - Interest expense * (7) $ (3) (25) $ (3) Foreign exchange contracts - Cost of sales (8) (10) (1) (22) Foreign exchange contracts - Other operating * (12) 144 88 92 Total not designated $ (33) $ 131 $ 39 $ 67 * 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 July 28, 2019, October 28, 2018, and July 29, 2018, was $101 million, $350 million, and $331 million, respectively. In accordance with the limits established in these agreements, the Company paid $59 million and $34 million in cash collateral at October 28, 2018 and July 29, 2018, respectively. No cash collateral was paid or received at July 28, 2019. 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 July 28, 2019 Recognized Arrangements Paid Net Amount Assets $ 320 $ (70) $ 250 Liabilities 146 (70) 76 Gross Amounts Netting Collateral October 28, 2018 Recognized Arrangements Paid Net Amount Assets $ 168 $ (65) $ 103 Liabilities 399 (65) $ (59) 275 Gross Amounts Netting Collateral July 29, 2018 Recognized Arrangements Paid Net Amount Assets $ 124 $ (67) $ 57 Liabilities 384 (67) $ (34) 283

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK AWARDS	9 Months Ended
STOCK OPTION AND RESTRICTED STOCK AWARDS	Jul. 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 July 28, 2019, options for 7.5 million shares were outstanding with a weighted-average exercise price of $91.97 per share. The Company also granted 446 thousand restricted stock units to employees and non-employee directors in the first nine months of 2019, of which 355 thousand are subject to service based only conditions and 91 thousand are subject to performance/service based conditions. The weighted-average fair value of the service based only units at the grant date was $149.54 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 July 28, 2019, the Company was authorized to grant an additional 8.3 million shares related to stock option and restricted stock awards.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
ACQUISITIONS	Jul. 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 after the final adjustment, net of cash acquired of $1 million, was $69 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 asset and liability fair values at the acquisition date in millions of dollars follow: September 2018 Trade accounts and notes receivable $ 2 Other receivables 14 Inventories 14 Property and equipment 1 Goodwill 44 Other intangible assets 22 Other assets 1 Total assets $ 98 Short-term borrowings $ 8 Accounts payable and accrued expenses 17 Deferred income taxes 4 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	9 Months Ended
SUPPLEMENTAL CONSOLIDATING DATA	Jul. 28, 2019
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 8,969 $ 9,286 Finance and interest income 30 31 $ 952 $ 852 Other income 185 231 51 67 Total 9,184 9,548 1,003 919 Costs and Expenses Cost of sales 6,871 7,153 Research and development expenses 431 416 Selling, administrative and general expenses 751 769 147 145 Interest expense 67 52 311 250 Interest compensation to Financial Services 93 86 Other operating expenses 64 80 339 326 Total 8,277 8,556 797 721 Income of Consolidated Group before Income Taxes 907 992 206 198 Provision for income taxes 190 242 31 47 Income of Consolidated Group 717 750 175 151 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 175 151 Other 7 10 Total 182 161 Net Income 899 911 175 151 Less: Net income attributable to noncontrolling interests 1 Net Income Attributable to Deere & Company $ 899 $ 910 $ 175 $ 151 * 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 Nine Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 26,182 $ 25,007 Finance and interest income 79 70 $ 2,727 $ 2,441 Other income 614 631 184 195 Total 26,875 25,708 2,911 2,636 Costs and Expenses Cost of sales 20,058 19,192 Research and development expenses 1,295 1,188 Selling, administrative and general expenses 2,191 2,159 422 403 Interest expense 182 226 910 675 Interest compensation to Financial Services 254 228 Other operating expenses 203 219 1,008 962 Total 24,183 23,212 2,340 2,040 Income of Consolidated Group before Income Taxes 2,692 2,496 571 596 Provision (credit) for income taxes 625 1,607 123 (83) Income of Consolidated Group 2,067 889 448 679 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 450 681 2 2 Other 18 16 Total 468 697 2 2 Net Income 2,535 1,586 450 681 Less: Net income attributable to noncontrolling interests 3 2 Net Income Attributable to Deere & Company $ 2,532 $ 1,584 $ 450 $ 681 * 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 July 28 October 28 July 29 July 28 October 28 July 29 2019 2018 2018 2019 2018 2018 Assets Cash and cash equivalents $ 2,694 $ 3,195 $ 2,803 $ 689 $ 709 $ 1,120 Marketable securities 5 8 11 560 482 477 Receivables from unconsolidated subsidiaries 2,395 1,700 1,795 Trade accounts and notes receivable – net 1,606 1,374 1,586 6,807 4,906 6,080 Financing receivables – net 100 93 78 26,949 26,961 25,135 Financing receivables securitized – net 54 76 90 5,146 3,946 4,572 Other receivables 1,428 1,010 1,131 126 776 176 Equipment on operating leases – net 7,269 7,165 6,805 Inventories 6,747 6,149 6,239 Property and equipment – net 5,753 5,821 5,592 45 47 46 Investments in unconsolidated subsidiaries 5,309 5,231 4,992 16 15 15 Goodwill 3,013 3,101 3,047 Other intangible assets – net 1,444 1,562 1,581 Retirement benefits 1,374 1,241 727 57 57 14 Deferred income taxes 1,579 1,503 1,984 72 69 68 Other assets 1,269 1,133 1,148 708 587 530 Total Assets $ 34,770 $ 33,197 $ 32,804 $ 48,444 $ 45,720 $ 45,038 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 1,372 $ 1,434 $ 789 $ 9,770 $ 9,628 $ 10,215 Short-term securitization borrowings 53 75 90 4,995 3,882 4,438 Payables to unconsolidated subsidiaries 136 129 111 2,341 1,678 1,766 Accounts payable and accrued expenses 9,422 9,383 9,047 1,641 2,056 1,902 Deferred income taxes 454 497 431 616 823 500 Long-term borrowings 5,364 4,714 5,526 23,878 22,523 21,312 Retirement benefits and other liabilities 5,685 5,660 6,430 97 91 96 Total liabilities 22,486 21,892 22,424 43,338 40,681 40,229 Commitments and contingencies (Note 15) Redeemable noncontrolling interest 14 14 14 Stockholders’ Equity Common stock, $1 par value (issued shares at July 28, 2019 – 536,431,204) 4,599 4,474 4,451 2,107 2,100 2,100 Common stock in treasury (17,121) (16,312) (15,814) Retained earnings 29,369 27,553 26,272 3,338 3,257 3,009 Accumulated other comprehensive income (loss) (4,581) (4,427) (4,553) (339) (318) (300) Total Deere & Company stockholders’ equity 12,266 11,288 10,356 5,106 5,039 4,809 Noncontrolling interests 4 3 10 Total stockholders’ equity 12,270 11,291 10,366 5,106 5,039 4,809 Total Liabilities and Stockholders’ Equity $ 34,770 $ 33,197 $ 32,804 $ 48,444 $ 45,720 $ 45,038 * 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 Nine Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Cash Flows from Operating Activities Net income $ 2,535 $ 1,586 $ 450 $ 681 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 1 19 57 47 Provision for depreciation and amortization 782 741 836 800 Gain on sales of businesses (25) Undistributed earnings of unconsolidated subsidiaries and affiliates (62) (235) (1) (1) Provision (credit) for deferred income taxes (123) 986 (209) (345) Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables (248) (331) Inventories (670) (975) Accounts payable and accrued expenses 50 519 23 66 Accrued income taxes payable/receivable (282) 231 535 (55) Retirement benefits 35 (821) 5 7 Other (59) (86) 140 141 Net cash provided by operating activities 1,959 1,609 1,836 1,341 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 13,807 13,246 Proceeds from maturities and sales of marketable securities 9 9 63 47 Proceeds from sales of equipment on operating leases 1,171 1,116 Proceeds from sales of businesses, net of cash sold 133 Cost of receivables acquired (excluding trade and wholesale) (14,597) (13,830) Acquisitions of businesses, net of cash acquired (5,171) Purchases of marketable securities (3) (107) (101) Purchases of property and equipment (754) (569) (2) (2) Cost of equipment on operating leases acquired (2,135) (2,190) Increase in trade and wholesale receivables (2,551) (2,330) Other (64) 42 12 (61) Net cash used for investing activities (812) (5,556) (4,339) (4,105) Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings (119) 119 (217) 1,064 Change in intercompany receivables/payables (683) (797) 683 797 Proceeds from long-term borrowings 868 159 6,572 5,580 Payments of long-term borrowings (194) (118) (4,162) (4,254) Proceeds from issuance of common stock 133 209 Repurchases of common stock (880) (454) Dividends paid (703) (583) (377) (454) Other (52) (41) (22) (25) Net cash provided by (used for) financing activities (1,630) (1,506) 2,477 2,708 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (16) 89 (8) (18) Net Decrease in Cash, Cash Equivalents, and Restricted Cash (499) (5,364) (34) (74) Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,202 8,174 813 1,293 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 2,703 $ 2,810 $ 779 $ 1,219 * 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)	9 Months Ended
	Jul. 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 third quarter ends for fiscal year 2019 and 2018 were July 28, 2019 and July 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. 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. Product warranties. Remanufactured components and parts. Precision guidance, telematics, and other information enabled solutions. Allowance for credit losses. Sales and transaction taxes. Shipping and handling costs. Contract costs
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 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. 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. During the first nine months of 2019, the Company identified 416 receivable contracts, primarily trade receivables and retail notes, as troubled debt restructurings with aggregate balances of $34 million pre-modification and $33 million post-modification. During the first nine months of 2018, there were 410 receivable contracts, primarily retail notes, identified as troubled debt restructurings with aggregate balances of $22 million pre-modification and $22 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At July 28, 2019, the Company had commitments to lend approximately $13 million to borrowers whose accounts were modified in troubled debt restructurings.
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. 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:
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. These unamortized extended warranty premiums (deferred revenue) included in the following table totaled $542 million and $486 million at July 28, 2019 and July 29, 2018, respectively.
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. 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, along with periodic long-term debt issuances. 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)	9 Months Ended
ORGANIZATION AND CONSOLIDATION (Tables)	Jul. 28, 2019
ORGANIZATION AND CONSOLIDATION
Maximum Exposure to Losses from Variable Interest Entities	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 July 28, 2019 and October 28, 2018 in millions of dollars follows: July 28, 2019 October 28, 2018 Receivables from unconsolidated affiliates $ 3 $ 2 Investment in unconsolidated affiliates 20 Loan guarantee 25 Total $ 23 $ 27

NEW ACCOUNTING STANDARDS (Table

NEW ACCOUNTING STANDARDS (Tables)	9 Months Ended
NEW ACCOUNTING STANDARDS (Tables)	Jul. 28, 2019
NEW ACCOUNTING STANDARDS
Schedule of Change for the Estimated Parts Returns	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 $ 1,718 $ 110 $ 1,828 Liabilities Accounts payable and accrued expenses $ 10,111 $ 110 $ 10,221

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
REVENUE RECOGNITION (Tables)	Jul. 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 July 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ 2,870 $ 1,594 $ 632 $ 5,096 Canada 299 260 148 707 Western Europe 1,154 458 22 1,634 Central Europe and CIS 324 229 10 563 Latin America 708 171 66 945 Asia, Africa, Australia, New Zealand, 684 375 32 1,091 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Major product lines: Large Agriculture $ 2,985 $ 2,985 Small Agriculture 2,172 2,172 Turf 704 704 Construction $ 1,319 1,319 Compact Construction 320 320 Road Building 1,008 1,008 Forestry 333 333 Financial Products 25 7 $ 910 942 Other 153 100 253 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Timing of revenue recognition: Revenue recognized at a point in time $ 5,988 $ 3,055 $ 9,043 Revenue recognized over time 51 32 $ 910 993 Total $ 6,039 $ 3,087 $ 910 $ 10,036 Nine Months Ended July 28, 2019 Agriculture Construction Financial Total Primary geographical markets: United States $ 9,411 $ 4,495 $ 1,810 $ 15,716 Canada 784 773 458 2,015 Western Europe 3,362 1,174 63 4,599 Central Europe and CIS 865 555 28 1,448 Latin America 2,028 515 199 2,742 Asia, Africa, Australia, New Zealand, 1,784 966 92 2,842 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362 Major product lines: Large Agriculture $ 8,647 $ 8,647 Small Agriculture 6,613 6,613 Turf 2,199 2,199 Construction $ 3,806 3,806 Compact Construction 904 904 Road Building 2,420 2,420 Forestry 1,023 1,023 Financial Products 69 20 $ 2,650 2,739 Other 706 305 1,011 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362 Timing of revenue recognition: Revenue recognized at a point in time $ 18,088 $ 8,402 $ 26,490 Revenue recognized over time 146 76 $ 2,650 2,872 Total $ 18,234 $ 8,478 $ 2,650 $ 29,362

OTHER COMPREHENSIVE INCOME IT_2

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	9 Months Ended
OTHER COMPREHENSIVE INCOME ITEMS (Tables)	Jul. 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 $ (3,580) $ (999) $ 5 $ 10 $ (4,564) Other comprehensive income (loss) items before reclassification 81 (196) 12 (7) (110) Amounts reclassified from accumulated other comprehensive income 124 (2) (1) 121 Net current period other comprehensive income (loss) 205 (196) 10 (8) 11 Balance July 29, 2018 $ (3,375) $ (1,195) $ 15 $ 2 $ (4,553) Balance October 28, 2018 $ (3,237) $ (1,203) $ 15 $ (2) $ (4,427) ASU No. 2016-01 adoption* (8) (8) Other comprehensive income (loss) items before reclassification 30 (218) (33) 26 (195) Amounts reclassified from accumulated other comprehensive income 54 (4) (1) 49 Net current period other comprehensive income (loss) 84 (218) (37) 25 (146) Balance July 28, 2019 $ (3,153) $ (1,421) $ (22) $ 15 $ (4,581) * 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 July 28, 2019 Amount Credit Amount Cumulative translation adjustment $ 27 $ (1) $ 26 Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (27) 6 (21) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (1) (1) Net unrealized gain (loss) on derivatives (28) 6 (22) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 13 (2) 11 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 12 (2) 10 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (3) 1 (2) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 35 (9) 26 Prior service (credit) cost 2 2 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 4 (1) 3 Prior service (credit) cost (19) 4 (15) Net unrealized gain (loss) on retirement benefits adjustment 20 (5) 15 Total other comprehensive income (loss) $ 31 $ (2) $ 29 * Before Tax After Tax (Expense) Tax Nine Months Ended July 28, 2019 Amount Credit Amount Cumulative translation adjustment $ (217) $ (1) $ (218) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (42) 9 (33) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (6) 2 (4) Net unrealized gain (loss) on derivatives (48) 11 (37) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 32 (6) 26 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 31 (6) 25 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (21) 5 (16) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 106 (26) 80 Prior service (credit) cost 8 (2) 6 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 12 (3) 9 Prior service (credit) cost (55) 13 (42) Net unrealized gain (loss) on retirement benefits adjustment 111 (27) 84 Total other comprehensive income (loss) $ (123) $ (23) $ (146) * Before Tax After Tax (Expense) Tax Three Months Ended July 29, 2018 Amount Credit Amount Cumulative translation adjustment $ (421) $ 1 $ (420) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) 1 1 Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (2) (2) Net unrealized gain (loss) on derivatives (1) (1) Unrealized gain (loss) on investments: Unrealized holding gain (loss) 2 (1) 1 Reclassification of realized (gain) loss – Other income Net unrealized gain (loss) on investments 2 (1) 1 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 53 (14) 39 Prior service (credit) cost 3 (1) 2 Settlements/curtailments 1 1 OPEB Net actuarial gain (loss) Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 16 (4) 12 Prior service (credit) cost (19) 5 (14) Net unrealized gain (loss) on retirement benefits adjustment 54 (14) 40 Total other comprehensive income (loss) $ (366) $ (14) $ (380) * In the third quarter of 2019 and 2018, the noncontrolling interests’ comprehensive income in both periods was none, which consisted of net income of none and $1 million and cumulative translation adjustments of none and $(1) million, respectively. Before Tax After Tax (Expense) Tax Nine Months Ended July 29, 2018 Amount Credit Amount Cumulative translation adjustment $ (196) $ (196) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) 16 $ (4) 12 Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense (3) 1 (2) Net unrealized gain (loss) on derivatives 13 (3) 10 Unrealized gain (loss) on investments: Unrealized holding gain (loss) (9) 2 (7) Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on investments (10) 2 (8) Retirement benefits adjustment: Pensions Net actuarial gain (loss) 46 (11) 35 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 168 (48) 120 Prior service (credit) cost 9 (3) 6 Settlements/curtailments 7 (2) 5 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification through amortization of actuarial (gain) loss and prior service (credit) cost to other operating expenses: * Actuarial (gain) loss 47 (13) 34 Prior service (credit) cost (57) 16 (41) Net unrealized gain (loss) on retirement benefits adjustment 280 (75) 205 Total other comprehensive income (loss) $ 87 $ (76) $ 11 * In the first nine months of 2019 and 2018, the noncontrolling interests’ comprehensive income was $3 million and $1 million, respectively, which consisted of net income of $3 million and $2 million and cumulative translation adjustments of none and $(1) million, respectively.

DIVIDENDS DECLARED AND PAID (Ta

DIVIDENDS DECLARED AND PAID (Tables)	9 Months Ended
DIVIDENDS DECLARED AND PAID (Tables)	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Dividends declared $ .76 $ .69 $ 2.28 $ 1.89 Dividends paid $ .76 $ .60 $ 2.21 $ 1.80

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Net income attributable to Deere & Company $ 899 $ 910 $ 2,532 $ 1,584 Average shares outstanding 315.9 323.5 317.3 323.4 Basic per share $ 2.84 $ 2.81 $ 7.98 $ 4.90 Average shares outstanding 315.9 323.5 317.3 323.4 Effect of dilutive share-based compensation 3.9 4.5 4.2 4.8 Total potential shares outstanding 319.8 328.0 321.5 328.2 Diluted per share $ 2.81 $ 2.78 $ 7.87 $ 4.82

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	9 Months Ended
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Service cost $ 65 $ 75 $ 197 $ 223 Interest cost 112 97 334 292 Expected return on plan assets (200) (193) (600) (581) Amortization of actuarial loss 35 53 106 168 Amortization of prior service cost 2 3 8 9 Settlements/curtailments 1 1 1 7 Net cost $ 15 $ 36 $ 46 $ 118 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Service cost $ 11 $ 11 $ 31 $ 33 Interest cost 53 47 160 143 Expected return on plan assets (8) (5) (26) (16) Amortization of actuarial loss 4 16 12 47 Amortization of prior service credit (19) (19) (55) (57) Net cost $ 41 $ 50 $ 122 $ 150

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
INCOME TAXES (Tables)	Jul. 28, 2019
INCOME TAXES
Tax Reform Measurement Period Adjustments and Effects on Results	In 2019 and 2018, the Company recorded discrete tax 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 third quarter and first nine months of 2019 and 2018 in millions of dollars follow: Three Months Ended Nine Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ 5 $ 5 Deemed earnings repatriation tax $ (24) $ (8) $ (32) $ (24) (8) (32) Total discrete tax expense (benefit) $ (24) $ (8) $ (32) $ (24) $ (3) $ (27) Three Months Ended Nine Months Ended Equipment Operations Financial Services Total Equipment Operations Financial Services Total Net deferred tax asset remeasurement $ (58) $ (4) $ (62) $ 795 $ (318) $ 477 Deemed earnings repatriation tax 179 85 264 Total discrete tax expense (benefit) $ (58) $ (4) $ (62) $ 974 $ (233) $ 741

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
SEGMENT REPORTING (Tables)	Jul. 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 Nine Months Ended July 28 July 29 % July 28 July 29 % 2019 2018 Change 2019 2018 Change Net sales and revenues: Agriculture and turf $ 5,946 $ 6,293 -6 $ 17,909 $ 17,585 +2 Construction and forestry 3,023 2,993 +1 8,273 7,422 +11 Total net sales 8,969 9,286 -3 26,182 25,007 +5 Financial services 910 830 +10 2,650 2,402 +10 Other revenues 157 192 -18 530 533 -1 Total net sales and revenues $ 10,036 $ 10,308 -3 $ 29,362 $ 27,942 +5 Operating profit: * Agriculture and turf $ 612 $ 806 -24 $ 1,978 $ 2,249 -12 Construction and forestry 378 281 +35 954 573 +66 Financial services 204 196 +4 566 591 -4 Total operating profit 1,194 1,283 -7 3,498 3,413 +2 Reconciling items ** (74) (84) -12 (218) (305) -29 Income taxes (221) (289) -24 (748) (1,524) -51 Net income attributable to Deere & Company $ 899 $ 910 -1 $ 2,532 $ 1,584 +60 Intersegment sales and revenues: Agriculture and turf net sales $ 9 $ 14 -36 $ 27 $ 38 -29 Construction and forestry net sales 1 Financial services 93 89 +4 261 234 +12 Equipment operations outside the U.S. and Canada: Net sales $ 4,026 $ 4,232 -5 $ 10,985 $ 11,036 Operating profit 430 398 +8 1,088 1,079 +1 July 28 October 28 2019 2018 Identifiable assets: Agriculture and turf $ 10,629 $ 10,161 +5 Construction and forestry 10,161 9,855 +3 Financial services 48,444 45,720 +6 Corporate 4,296 4,372 -2 Total assets $ 73,530 $ 70,108 +5 * ** 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)	9 Months Ended
FINANCING RECEIVABLES (Tables)	Jul. 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: July 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 $ 136 $ 63 $ 3 $ 202 Construction and forestry 87 35 2 124 Other: Agriculture and turf 38 22 60 Construction and forestry 17 7 24 Total $ 278 $ 127 $ 5 $ 410 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 202 $ 301 $ 18,038 $ 18,541 Construction and forestry 124 135 3,249 3,508 Other: Agriculture and turf 60 37 8,833 8,930 Construction and forestry 24 14 1,417 1,455 Total $ 410 $ 487 $ 31,537 32,434 Less allowance for credit losses 185 Total financing receivables – net $ 32,249 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 July 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 $ 138 $ 53 $ 54 $ 245 Construction and forestry 105 43 50 198 Other: Agriculture and turf 37 14 12 63 Construction and forestry 12 6 3 21 Total $ 292 $ 116 $ 119 $ 527 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 245 $ 203 $ 17,048 $ 17,496 Construction and forestry 198 42 2,967 3,207 Other: Agriculture and turf 63 14 8,009 8,086 Construction and forestry 21 3 1,249 1,273 Total $ 527 $ 262 $ 29,273 30,062 Less allowance for credit losses 187 Total financing receivables – net $ 29,875
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 July 28, 2019 Allowance: Beginning of period balance $ 115 $ 43 $ 24 $ 182 Provision 7 18 1 26 Write-offs (9) (26) (1) (36) Recoveries 5 8 13 Translation adjustments 2 (2) End of period balance * $ 120 $ 43 $ 22 $ 185 Nine Months Ended July 28, 2019 Allowance: Beginning of period balance $ 113 $ 43 $ 22 $ 178 Provision 21 34 7 62 Write-offs (29) (51) (5) (85) Recoveries 15 17 1 33 Translation adjustments (3) (3) End of period balance * $ 120 $ 43 $ 22 $ 185 Financing receivables: End of period balance $ 22,049 $ 3,877 $ 6,508 $ 32,434 Balance individually evaluated ** $ 145 $ 10 $ 155 * Individual allowances were not significant. ** Remainder is collectively evaluated. Revolving Retail Charge Notes Accounts Other Total Three Months Ended July 29, 2018 Allowance: Beginning of period balance $ 120 $ 40 $ 27 $ 187 Provision 8 21 3 32 Write-offs (9) (26) (1) (36) Recoveries 3 5 8 Translation adjustments (4) (4) End of period balance * $ 118 $ 40 $ 29 $ 187 Nine Months Ended July 29, 2018 Allowance: Beginning of period balance $ 121 $ 40 $ 26 $ 187 Provision 13 29 7 49 Write-offs (23) (44) (5) (72) Recoveries 13 15 1 29 Translation adjustments (6) (6) End of period balance * $ 118 $ 40 $ 29 $ 187 Financing receivables: End of period balance $ 20,703 $ 3,750 $ 5,609 $ 30,062 Balance individually evaluated ** $ 120 $ 1 $ 13 $ 134 * ** 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 July 28, 2019* Receivables with specific allowance $ 37 $ 36 $ 13 $ 37 Receivables without a specific allowance 35 33 39 Total $ 72 $ 69 $ 13 $ 76 Agriculture and turf $ 51 $ 50 $ 9 $ 52 Construction and forestry $ 21 $ 19 $ 4 $ 24 October 28, 2018* Receivables with specific allowance $ 28 $ 27 $ 10 $ 30 Receivables without a specific allowance 37 35 41 Total $ 65 $ 62 $ 10 $ 71 Agriculture and turf $ 50 $ 48 $ 9 $ 54 Construction and forestry $ 15 $ 14 $ 1 $ 17 July 29, 2018* Receivables with specific allowance $ 31 $ 30 $ 12 $ 33 Receivables without a specific allowance 37 35 40 Total $ 68 $ 65 $ 12 $ 73 Agriculture and turf $ 51 $ 49 $ 10 $ 54 Construction and forestry $ 17 $ 16 $ 2 $ 19 * **

SECURITIZATION OF FINANCING R_2

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	9 Months Ended
SECURITIZATION OF FINANCING RECEIVABLES (Tables)	Jul. 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: July 28 2019 Carrying value of liabilities $ 1,190 Maximum exposure to loss 1,286
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: July 28 October 28 July 29 2019 2018 2018 Financing receivables securitized (retail notes) $ 5,214 $ 4,032 $ 4,674 Allowance for credit losses (14) (10) (12) Other assets 98 108 114 Total restricted securitized assets $ 5,298 $ 4,130 $ 4,776 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: July 28 October 28 July 29 2019 2018 2018 Short-term securitization borrowings $ 5,048 $ 3,957 $ 4,528 Accrued interest on borrowings 4 3 3 Total liabilities related to restricted securitized assets $ 5,052 $ 3,960 $ 4,531

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
INVENTORIES (Tables)	Jul. 28, 2019
INVENTORIES
Major Classification of 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: July 28 October 28 July 29 2019 2018 2018 Raw materials and supplies $ 2,365 $ 2,233 $ 2,126 Work-in-process 815 776 795 Finished goods and parts 5,345 4,777 4,768 Total FIFO value 8,525 7,786 7,689 Less adjustment to LIFO value 1,778 1,637 1,450 Inventories $ 6,747 $ 6,149 $ 6,239

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	Jul. 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 $ 521 $ 512 $ 1,033 Acquisitions 28 2,067 2,095 Divestitures (18) (18) Translation adjustments (4) (59) (63) Goodwill at July 29, 2018 $ 545 $ 2,502 $ 3,047 Goodwill at October 28, 2018 $ 583 $ 2,518 $ 3,101 Translation adjustments (1) (87) (88) Goodwill at July 28, 2019 $ 582 $ 2,431 $ 3,013 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 * July 28 October 28 July 29 (Years) 2019 2018 2018 Amortized intangible assets: Customer lists and relationships 16 $ 525 $ 542 $ 562 Technology, patents, trademarks, and other 18 1,057 1,080 1,052 Total at cost 1,582 1,622 1,614 Less accumulated amortization ** 261 183 156 Total 1,321 1,439 1,458 Unamortized intangible assets: In-process research and development 123 123 123 Other intangible assets – net $ 1,444 $ 1,562 $ 1,581 * **

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jul. 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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Beginning of period balance $ 1,714 $ 1,591 $ 1,652 $ 1,468 Payments (252) (212) (714) (642) Amortization of premiums received (57) (56) (168) (170) Accruals for warranties 263 250 772 704 Premiums received 75 72 209 198 Acquisitions 80 Foreign exchange 3 (21) (5) (14) End of period balance $ 1,746 $ 1,624 $ 1,746 $ 1,624

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jul. 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: July 28, 2019 October 28, 2018 July 29, 2018 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 100 $ 93 $ 93 $ 91 $ 78 $ 75 Financial services 26,949 26,921 26,961 26,722 25,135 24,911 Total $ 27,049 $ 27,014 $ 27,054 $ 26,813 $ 25,213 $ 24,986 Financing receivables securitized – net: Equipment operations $ 54 $ 52 $ 76 $ 73 $ 90 $ 89 Financial services 5,146 5,154 3,946 3,895 4,572 4,517 Total $ 5,200 $ 5,206 $ 4,022 $ 3,968 $ 4,662 $ 4,606 Short-term securitization borrowings: Equipment operations $ 53 $ 54 $ 75 $ 75 $ 90 $ 89 Financial services 4,995 5,017 3,882 3,870 4,438 4,426 Total $ 5,048 $ 5,071 $ 3,957 $ 3,945 $ 4,528 $ 4,515 Long-term borrowings due within one year: Equipment operations $ 1,009 $ 1,013 $ 970 $ 979 $ 238 $ 239 Financial services 6,922 6,914 5,427 5,411 5,955 5,947 Total $ 7,931 $ 7,927 $ 6,397 $ 6,390 $ 6,193 $ 6,186 Long-term borrowings: Equipment operations $ 5,364 $ 6,017 $ 4,714 $ 4,948 $ 5,526 $ 5,838 Financial services 23,878 24,143 22,523 22,590 21,312 21,388 Total $ 29,242 $ 30,160 $ 27,237 $ 27,538 $ 26,838 $ 27,226 *
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: July 28 October 28 July 29 2019 2018 2018 Level 1: Marketable securities Equity fund $ 59 $ 46 $ 46 Fixed income fund * 9 U.S. government debt securities 49 44 39 Total Level 1 marketable securities 108 90 94 Level 2: Marketable securities U.S. government debt securities 73 67 60 Municipal debt securities 57 46 47 Corporate debt securities 156 140 138 International debt securities 9 2 3 Mortgage-backed securities ** 158 137 136 Total Level 2 marketable securities 453 392 384 Other assets Derivatives: Interest rate contracts 265 80 68 Foreign exchange contracts 53 83 50 Cross-currency interest rate contracts 2 5 6 Total Level 2 other assets 320 168 124 Accounts payable and accrued expenses Derivatives: Interest rate contracts 99 350 330 Foreign exchange contracts 45 49 52 Cross-currency interest rate contracts 2 2 Total Level 2 accounts payable and accrued expenses 146 399 384 Level 3: Marketable securities International debt securities 4 8 10 * *During the third quarter and first nine months of 2019, $1 million and $7 million, respectively, of net unrealized gains on equity securities were recorded in “Other income”.
Contractual Maturities of Debt Securities	The contractual maturities of debt securities at July 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 $ 30 $ 30 Due after one through five years 101 102 Due after five through 10 years 92 96 Due after 10 years 115 120 Mortgage-backed securities 155 158 Debt securities $ 493 $ 506
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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Beginning of period balance $ 4 $ 14 $ 8 $ 17 Principal payments (4) (5) (7) Other 1 End of period balance $ 4 $ 10 $ 4 $ 10

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Jul. 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 July 28, 2019 Hedged Item Relationships Relationships Total Long-term borrowings due within one year* $ 187 $ 1 $ (5) $ (4) Long-term borrowings 9,154 184 (50) 134 *
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: July 28 October 28 July 29 Other Assets 2019 2018 2018 Designated as hedging instruments: Interest rate contracts $ 232 $ 29 $ 24 Cross-currency interest rate contracts 3 Total designated 232 29 27 Not designated as hedging instruments: Interest rate contracts 33 51 44 Foreign exchange contracts 53 83 50 Cross-currency interest rate contracts 2 5 3 Total not designated 88 139 97 Total derivative assets $ 320 $ 168 $ 124 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 55 $ 321 $ 305 Total designated 55 321 305 Not designated as hedging instruments: Interest rate contracts 44 29 25 Foreign exchange contracts 45 49 52 Cross-currency interest rate contracts 2 2 Total not designated 91 78 79 Total derivative liabilities $ 146 $ 399 $ 384
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 Nine Months Ended July 28 July 29 July 28 July 29 2019 2018 2019 2018 Fair Value Hedges: Interest rate contracts - Interest expense $ 193 $ (10) $ 468 $ (264) Cash Flow Hedges Recognized in OCI Interest rate contracts - OCI (pretax) * (27) 1 (42) 15 Foreign exchange contracts - OCI (pretax) * 1 Reclassified from OCI Interest rate contracts - Interest expense * 1 2 6 3 Not Designated as Hedges: Interest rate contracts - Net sales $ (6) $ (23) Interest rate contracts - Interest expense * (7) $ (3) (25) $ (3) Foreign exchange contracts - Cost of sales (8) (10) (1) (22) Foreign exchange contracts - Other operating * (12) 144 88 92 Total not designated $ (33) $ 131 $ 39 $ 67 *
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 July 28, 2019 Recognized Arrangements Paid Net Amount Assets $ 320 $ (70) $ 250 Liabilities 146 (70) 76 Gross Amounts Netting Collateral October 28, 2018 Recognized Arrangements Paid Net Amount Assets $ 168 $ (65) $ 103 Liabilities 399 (65) $ (59) 275 Gross Amounts Netting Collateral July 29, 2018 Recognized Arrangements Paid Net Amount Assets $ 124 $ (67) $ 57 Liabilities 384 (67) $ (34) 283

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
ACQUISITIONS (Tables)	Jul. 28, 2019
ACQUISITIONS
Asset and Liability Fair Values at the Acquisition Date	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 after the final adjustment, net of cash acquired of $1 million, was $69 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 asset and liability fair values at the acquisition date in millions of dollars follow: September 2018 Trade accounts and notes receivable $ 2 Other receivables 14 Inventories 14 Property and equipment 1 Goodwill 44 Other intangible assets 22 Other assets 1 Total assets $ 98 Short-term borrowings $ 8 Accounts payable and accrued expenses 17 Deferred income taxes 4 Total liabilities $ 29

SUPPLEMENTAL CONSOLIDATING DA_2

SUPPLEMENTAL CONSOLIDATING DATA (Tables)	9 Months Ended
SUPPLEMENTAL CONSOLIDATING DATA (Tables)	Jul. 28, 2019
SUPPLEMENTAL CONSOLIDATING DATA
Supplemental Consolidating Data Income Statement	(20) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 8,969 $ 9,286 Finance and interest income 30 31 $ 952 $ 852 Other income 185 231 51 67 Total 9,184 9,548 1,003 919 Costs and Expenses Cost of sales 6,871 7,153 Research and development expenses 431 416 Selling, administrative and general expenses 751 769 147 145 Interest expense 67 52 311 250 Interest compensation to Financial Services 93 86 Other operating expenses 64 80 339 326 Total 8,277 8,556 797 721 Income of Consolidated Group before Income Taxes 907 992 206 198 Provision for income taxes 190 242 31 47 Income of Consolidated Group 717 750 175 151 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 175 151 Other 7 10 Total 182 161 Net Income 899 911 175 151 Less: Net income attributable to noncontrolling interests 1 Net Income Attributable to Deere & Company $ 899 $ 910 $ 175 $ 151 * 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 Nine Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Net Sales and Revenues Net sales $ 26,182 $ 25,007 Finance and interest income 79 70 $ 2,727 $ 2,441 Other income 614 631 184 195 Total 26,875 25,708 2,911 2,636 Costs and Expenses Cost of sales 20,058 19,192 Research and development expenses 1,295 1,188 Selling, administrative and general expenses 2,191 2,159 422 403 Interest expense 182 226 910 675 Interest compensation to Financial Services 254 228 Other operating expenses 203 219 1,008 962 Total 24,183 23,212 2,340 2,040 Income of Consolidated Group before Income Taxes 2,692 2,496 571 596 Provision (credit) for income taxes 625 1,607 123 (83) Income of Consolidated Group 2,067 889 448 679 Equity in Income of Unconsolidated Subsidiaries and Affiliates Financial Services 450 681 2 2 Other 18 16 Total 468 697 2 2 Net Income 2,535 1,586 450 681 Less: Net income attributable to noncontrolling interests 3 2 Net Income Attributable to Deere & Company $ 2,532 $ 1,584 $ 450 $ 681 * 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 July 28 October 28 July 29 July 28 October 28 July 29 2019 2018 2018 2019 2018 2018 Assets Cash and cash equivalents $ 2,694 $ 3,195 $ 2,803 $ 689 $ 709 $ 1,120 Marketable securities 5 8 11 560 482 477 Receivables from unconsolidated subsidiaries 2,395 1,700 1,795 Trade accounts and notes receivable – net 1,606 1,374 1,586 6,807 4,906 6,080 Financing receivables – net 100 93 78 26,949 26,961 25,135 Financing receivables securitized – net 54 76 90 5,146 3,946 4,572 Other receivables 1,428 1,010 1,131 126 776 176 Equipment on operating leases – net 7,269 7,165 6,805 Inventories 6,747 6,149 6,239 Property and equipment – net 5,753 5,821 5,592 45 47 46 Investments in unconsolidated subsidiaries 5,309 5,231 4,992 16 15 15 Goodwill 3,013 3,101 3,047 Other intangible assets – net 1,444 1,562 1,581 Retirement benefits 1,374 1,241 727 57 57 14 Deferred income taxes 1,579 1,503 1,984 72 69 68 Other assets 1,269 1,133 1,148 708 587 530 Total Assets $ 34,770 $ 33,197 $ 32,804 $ 48,444 $ 45,720 $ 45,038 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 1,372 $ 1,434 $ 789 $ 9,770 $ 9,628 $ 10,215 Short-term securitization borrowings 53 75 90 4,995 3,882 4,438 Payables to unconsolidated subsidiaries 136 129 111 2,341 1,678 1,766 Accounts payable and accrued expenses 9,422 9,383 9,047 1,641 2,056 1,902 Deferred income taxes 454 497 431 616 823 500 Long-term borrowings 5,364 4,714 5,526 23,878 22,523 21,312 Retirement benefits and other liabilities 5,685 5,660 6,430 97 91 96 Total liabilities 22,486 21,892 22,424 43,338 40,681 40,229 Commitments and contingencies (Note 15) Redeemable noncontrolling interest 14 14 14 Stockholders’ Equity Common stock, $1 par value (issued shares at July 28, 2019 – 536,431,204) 4,599 4,474 4,451 2,107 2,100 2,100 Common stock in treasury (17,121) (16,312) (15,814) Retained earnings 29,369 27,553 26,272 3,338 3,257 3,009 Accumulated other comprehensive income (loss) (4,581) (4,427) (4,553) (339) (318) (300) Total Deere & Company stockholders’ equity 12,266 11,288 10,356 5,106 5,039 4,809 Noncontrolling interests 4 3 10 Total stockholders’ equity 12,270 11,291 10,366 5,106 5,039 4,809 Total Liabilities and Stockholders’ Equity $ 34,770 $ 33,197 $ 32,804 $ 48,444 $ 45,720 $ 45,038 * 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 Nine Months Ended July 28, 2019 and July 29, 2018 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2019 2018 2019 2018 Cash Flows from Operating Activities Net income $ 2,535 $ 1,586 $ 450 $ 681 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 1 19 57 47 Provision for depreciation and amortization 782 741 836 800 Gain on sales of businesses (25) Undistributed earnings of unconsolidated subsidiaries and affiliates (62) (235) (1) (1) Provision (credit) for deferred income taxes (123) 986 (209) (345) Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables (248) (331) Inventories (670) (975) Accounts payable and accrued expenses 50 519 23 66 Accrued income taxes payable/receivable (282) 231 535 (55) Retirement benefits 35 (821) 5 7 Other (59) (86) 140 141 Net cash provided by operating activities 1,959 1,609 1,836 1,341 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 13,807 13,246 Proceeds from maturities and sales of marketable securities 9 9 63 47 Proceeds from sales of equipment on operating leases 1,171 1,116 Proceeds from sales of businesses, net of cash sold 133 Cost of receivables acquired (excluding trade and wholesale) (14,597) (13,830) Acquisitions of businesses, net of cash acquired (5,171) Purchases of marketable securities (3) (107) (101) Purchases of property and equipment (754) (569) (2) (2) Cost of equipment on operating leases acquired (2,135) (2,190) Increase in trade and wholesale receivables (2,551) (2,330) Other (64) 42 12 (61) Net cash used for investing activities (812) (5,556) (4,339) (4,105) Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings (119) 119 (217) 1,064 Change in intercompany receivables/payables (683) (797) 683 797 Proceeds from long-term borrowings 868 159 6,572 5,580 Payments of long-term borrowings (194) (118) (4,162) (4,254) Proceeds from issuance of common stock 133 209 Repurchases of common stock (880) (454) Dividends paid (703) (583) (377) (454) Other (52) (41) (22) (25) Net cash provided by (used for) financing activities (1,630) (1,506) 2,477 2,708 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (16) 89 (8) (18) Net Decrease in Cash, Cash Equivalents, and Restricted Cash (499) (5,364) (34) (74) Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,202 8,174 813 1,293 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 2,703 $ 2,810 $ 779 $ 1,219 * 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
	Jul. 28, 2019	Jul. 29, 2018	Oct. 28, 2018
Fiscal period duration	91 days	91 days
Maximum Exposure to Losses
Total	$ 1,286
VIE-Not Primary Beneficiary
Maximum Exposure to Losses
Receivables from unconsolidated affiliates	3		$ 2
Investment in unconsolidated affiliates	20
Loan guarantee			25
Total	$ 23		$ 27

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Oct. 28, 2018	Oct. 29, 2017
Transfer of inventory to equipment on operating leases	$ 498	$ 564
Accounts payable related to purchases of property and equipment	70	57
Equipment Operations
Restricted cash	9	7	$ 7	$ 6
Financial Services
Restricted cash	$ 90	$ 99	$ 104	$ 126

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 29, 2018	Oct. 28, 2018	Jul. 29, 2018
New accounting standards
Other assets	$ 1,977	$ 1,828	$ 1,718	$ 1,677
Accounts payable and accrued expenses	$ 9,390	10,221	$ 10,111	$ 9,483
ASU 2014-09
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Fixed List]	Modified Retrospective
ASU 2016-01
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2016-18
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Fixed List]	Retrospective
ASU 2017-12
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false]	true
ASU 2016-15
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2016-16
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2017-01
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2017-09
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2018-13
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2018-14
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2018-16
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2016-02
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2016-13
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2017-08
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2018-07
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2018-15
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2019-04
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
Retained Earnings
New accounting standards
ASU No. 2016-01 adoption	$ 8
Accumulated Other Comprehensive Income (Loss)
New accounting standards
ASU No. 2016-01 adoption	$ (8)
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		9 Months Ended
REVENUE RECOGNITION (Details) - USD ($) $ in Millions	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 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	$ 10,036	$ 10,308	$ 29,362	$ 27,942
Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	9,043		26,490
Revenue recognized over time
Revenue Recognition
Net sales and revenues	993		2,872
Large Agriculture
Revenue Recognition
Net sales	2,985		8,647
Small Agriculture
Revenue Recognition
Net sales	2,172		6,613
Turf
Revenue Recognition
Net sales	704		2,199
Construction
Revenue Recognition
Net sales	1,319		3,806
Compact Construction
Revenue Recognition
Net sales	320		904
Road Building
Revenue Recognition
Net sales	1,008		2,420
Forestry
Revenue Recognition
Net sales	333		1,023
Financial Products
Revenue Recognition
Net sales and revenues	942		2,739
Other
Revenue Recognition
Net sales and revenues	253		1,011
U.S.
Revenue Recognition
Net sales and revenues	5,096		15,716
Canada
Revenue Recognition
Net sales and revenues	707		2,015
Western Europe
Revenue Recognition
Net sales and revenues	1,634		4,599
Central Europe and CIS
Revenue Recognition
Net sales and revenues	563		1,448
Latin America
Revenue Recognition
Net sales and revenues	945		2,742
Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	1,091		2,842
Agriculture and Turf
Revenue Recognition
Net sales and revenues	6,039		18,234
Agriculture and Turf \| Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	5,988		18,088
Agriculture and Turf \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	51		146
Agriculture and Turf \| Large Agriculture
Revenue Recognition
Net sales	2,985		8,647
Agriculture and Turf \| Small Agriculture
Revenue Recognition
Net sales	2,172		6,613
Agriculture and Turf \| Turf
Revenue Recognition
Net sales	704		2,199
Agriculture and Turf \| Financial Products
Revenue Recognition
Net sales and revenues	25		69
Agriculture and Turf \| Other
Revenue Recognition
Net sales and revenues	153		706
Agriculture and Turf \| U.S.
Revenue Recognition
Net sales and revenues	2,870		9,411
Agriculture and Turf \| Canada
Revenue Recognition
Net sales and revenues	299		784
Agriculture and Turf \| Western Europe
Revenue Recognition
Net sales and revenues	1,154		3,362
Agriculture and Turf \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	324		865
Agriculture and Turf \| Latin America
Revenue Recognition
Net sales and revenues	708		2,028
Agriculture and Turf \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	684		1,784
Construction and Forestry
Revenue Recognition
Net sales and revenues	3,087		8,478
Construction and Forestry \| Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	3,055		8,402
Construction and Forestry \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	32		76
Construction and Forestry \| Construction
Revenue Recognition
Net sales	1,319		3,806
Construction and Forestry \| Compact Construction
Revenue Recognition
Net sales	320		904
Construction and Forestry \| Road Building
Revenue Recognition
Net sales	1,008		2,420
Construction and Forestry \| Forestry
Revenue Recognition
Net sales	333		1,023
Construction and Forestry \| Financial Products
Revenue Recognition
Net sales and revenues	7		20
Construction and Forestry \| Other
Revenue Recognition
Net sales and revenues	100		305
Construction and Forestry \| U.S.
Revenue Recognition
Net sales and revenues	1,594		4,495
Construction and Forestry \| Canada
Revenue Recognition
Net sales and revenues	260		773
Construction and Forestry \| Western Europe
Revenue Recognition
Net sales and revenues	458		1,174
Construction and Forestry \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	229		555
Construction and Forestry \| Latin America
Revenue Recognition
Net sales and revenues	171		515
Construction and Forestry \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	375		966
Financial Services
Revenue Recognition
Net sales and revenues	910	$ 830	2,650	$ 2,402
Financial Services \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	910		2,650
Financial Services \| Financial Products
Revenue Recognition
Net sales and revenues	910		2,650
Financial Services \| U.S.
Revenue Recognition
Net sales and revenues	632		1,810
Financial Services \| Canada
Revenue Recognition
Net sales and revenues	148		458
Financial Services \| Western Europe
Revenue Recognition
Net sales and revenues	22		63
Financial Services \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	10		28
Financial Services \| Latin America
Revenue Recognition
Net sales and revenues	66		199
Financial Services \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	$ 32		$ 92

REVENUE RECOGNITION - Advanced

REVENUE RECOGNITION - Advanced Customer Payments (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2019	Jul. 28, 2019	Oct. 28, 2018
Advanced customer payments
Deferred revenue received	$ 1,022	$ 1,022	$ 915
Revenue recognized from deferred revenue	$ 101	$ 360

REVENUE RECOGNITION - Unsatisfi

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Jul. 28, 2019USD ($)
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 878
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-29
REVENUE RECOGNITION
Performance obligations for contracts with an original duration greater than one year	$ 133
Unsatisfied performance obligations
Period estimated revenue to be recognized	3 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	$ 348
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	$ 197
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	$ 116
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	$ 58
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	$ 26
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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Accumulated other comprehensive income (loss)
Balance	$ 11,924	$ 10,420	$ 11,291	$ 9,560
Net current period other comprehensive income (loss)	29	(381)	(146)	10
Balance	12,270	10,366	12,270	10,366
Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Balance			(4,427)	(4,564)
ASU No. 2016-01 adoption	(8)		(8)
Other comprehensive income (loss) items before reclassification			(195)	(110)
Amounts reclassified from accumulated other comprehensive income			49	121
Net current period other comprehensive income (loss)			(146)	11
Balance	(4,581)	(4,553)	(4,581)	(4,553)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Balance			(3,237)	(3,580)
Other comprehensive income (loss) items before reclassification			30	81
Amounts reclassified from accumulated other comprehensive income			54	124
Net current period other comprehensive income (loss)			84	205
Balance	(3,153)	(3,375)	(3,153)	(3,375)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Balance			(1,203)	(999)
Other comprehensive income (loss) items before reclassification			(218)	(196)
Net current period other comprehensive income (loss)			(218)	(196)
Balance	(1,421)	(1,195)	(1,421)	(1,195)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Balance			15	5
Other comprehensive income (loss) items before reclassification			(33)	12
Amounts reclassified from accumulated other comprehensive income			(4)	(2)
Net current period other comprehensive income (loss)			(37)	10
Balance	(22)	15	(22)	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			26
Amounts reclassified from accumulated other comprehensive income			(1)
Net current period other comprehensive income (loss)			25
Balance	$ 15		$ 15
Unrealized Gain (Loss) on Investments
Accumulated other comprehensive income (loss)
Balance				10
Other comprehensive income (loss) items before reclassification				(7)
Amounts reclassified from accumulated other comprehensive income				(1)
Net current period other comprehensive income (loss)				(8)
Balance		$ 2		$ 2

OTHER COMPREHENSIVE INCOME IT_4

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (374)	$ (291)	$ (1,078)	$ (881)
Total other comprehensive income (loss), before tax	31	(366)	(123)	87
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(2)	(14)	(23)	(76)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	29	(380)	(146)	11
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	27	(421)	(217)	(196)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(1)	1	(1)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	26	(420)	(218)	(196)
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(27)	1	(42)	16
Total other comprehensive income (loss), before tax	(28)	(1)	(48)	13
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	6		9	(4)
Total other comprehensive income (loss), tax (expense) credit	6		11	(3)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(21)	1	(33)	12
Other Comprehensive Income (Loss), Net of Income Taxes	(22)	(1)	(37)	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	(1)	(2)	(6)	(3)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit			2	1
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(1)	(2)	(4)	(2)
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	13		32
Total other comprehensive income (loss), before tax	12		31
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(2)		(6)
Total other comprehensive income (loss), tax (expense) credit	(2)		(6)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	11		26
Other Comprehensive Income (Loss), Net of Income Taxes	10		25
Unrealized Gain (Loss) on Debt Securities \| Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Other income	(1)		(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(1)		(1)
Unrealized Gain (Loss) on Investments
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax		2		(9)
Total other comprehensive income (loss), before tax		2		(10)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit		(1)		2
Total other comprehensive income (loss), tax (expense) credit		(1)		2
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax		1		(7)
Other Comprehensive Income (Loss), Net of Income Taxes		1		(8)
Unrealized Gain (Loss) on Investments \| Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Other income				(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax				(1)
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	20	54	111	280
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(5)	(14)	(27)	(75)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	15	40	84	205
Retirement Benefits Adjustment \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(3)		(21)	46
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	1		5	(11)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(2)		(16)	35
Retirement Benefits Adjustment \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax			60	60
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit			(14)	(14)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax			46	46
Actuarial (Gain) Loss \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	35	53	106	168
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(9)	(14)	(26)	(48)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	26	39	80	120
Actuarial (Gain) Loss \| Reclassification out of accumulated other comprehensive income (loss) \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	4	16	12	47
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(4)	(3)	(13)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	3	12	9	34
Prior Service (Credit) Cost \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	2	3	8	9
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit		(1)	(2)	(3)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	2	2	6	6
Prior Service (Credit) Cost \| Reclassification out of accumulated other comprehensive income (loss) \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(19)	(19)	(55)	(57)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	4	5	13	16
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(15)	(14)	(42)	(41)
Settlements/Curtailments \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	1	1	1	7
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit				(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	$ 1	$ 1	$ 1	$ 5

OTHER COMPREHENSIVE INCOME IT_5

OTHER COMPREHENSIVE INCOME ITEMS - Noncontrolling Interests' (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests	$ 0	$ 0	$ 3	$ 1
Net income (loss) attributable to noncontrolling interests	0	1	3	2
Cumulative translation adjustments attributable to noncontrolling interests	$ 0	$ (1)	$ 0	$ (1)

DIVIDENDS DECLARED AND PAID (De

DIVIDENDS DECLARED AND PAID (Details) - $ / shares	3 Months Ended		9 Months Ended
DIVIDENDS DECLARED AND PAID (Details) - $ / shares	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
DIVIDENDS DECLARED AND PAID
Dividends declared (in dollars per share)	$ 0.76	$ 0.69	$ 2.28	$ 1.89
Dividends paid (in dollars per share)	$ 0.76	$ 0.60	$ 2.21	$ 1.80

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 899	$ 910	$ 2,532	$ 1,584
Average shares outstanding	315.9	323.5	317.3	323.4
Basic (in dollars per share)	$ 2.84	$ 2.81	$ 7.98	$ 4.90
Diluted Earnings Per Share
Average shares outstanding	315.9	323.5	317.3	323.4
Effect of dilutive share-based compensation (in shares)	3.9	4.5	4.2	4.8
Total potential shares outstanding	319.8	328	321.5	328.2
Diluted (in dollars per share)	$ 2.81	$ 2.78	$ 7.87	$ 4.82
Antidilutive incremental shares excluded from computation of earnings per share	0.9	0.5	0.7	0.4

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFITS - Components of Net Periodic Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018	Aug. 25, 2019
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	$ 65	$ 75	$ 197	$ 223
Interest cost	112	97	334	292
Expected return on plan assets	(200)	(193)	(600)	(581)
Amortization of actuarial (gain) loss	35	53	106	168
Amortization of prior service (credit) cost	2	3	8	9
Settlements/curtailments	1	1	1	7
Net cost	15	36	46	118
Employer Contributions
Defined benefit plan employer contributions			47
Defined benefit plan employer contributions expected for the remainder of the fiscal year	20		20
OPEB
Net Periodic Cost
Service cost	11	11	31	33
Interest cost	53	47	160	143
Expected return on plan assets	(8)	(5)	(26)	(16)
Amortization of actuarial (gain) loss	4	16	12	47
Amortization of prior service (credit) cost	(19)	(19)	(55)	(57)
Net cost	41	$ 50	122	$ 150
Employer Contributions
Defined benefit plan employer contributions			97
Defined benefit plan employer contributions expected for the remainder of the fiscal year	340		340
OPEB \| U.S.
Employer Contributions
Defined benefit plan employer contributions expected for the remainder of the fiscal year	$ 300		$ 300
OPEB \| U.S. \| Subsequent Event
Approved Employer Contributions
Defined benefit plan approved voluntary employer contributions					$ 500

INCOME TAXES - Tax Reform (Deta

INCOME TAXES - Tax Reform (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
INCOME TAXES - Tax Reform (Details) - USD ($) $ in Millions	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 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		$ (62)	$ 5	$ 477	$ 414
Deemed earnings repatriation tax	$ (32)		(32)	264	290
Total discrete tax expense (benefit)	(32)	(62)	(27)	741
Accrued foreign withholding taxes on earnings of subsidiaries outside the U.S.					$ 63
Equipment Operations
U.S. Tax Reform
Net deferred tax asset remeasurement		(58)		795
Deemed earnings repatriation tax	(24)		(24)	179
Total discrete tax expense (benefit)	(24)	(58)	(24)	974
Financial Services
U.S. Tax Reform
Net deferred tax asset remeasurement		(4)	5	(318)
Deemed earnings repatriation tax	(8)		(8)	85
Total discrete tax expense (benefit)	$ (8)	$ (4)	$ (3)	$ (233)

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
UNRECOGNIZED TAX BENEFITS
Unrecognized tax benefits	$ 630	$ 279
Unrecognized tax benefits affecting effective tax rate if recognized	$ 274	$ 128	$ 137

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT REPORTING (Details) - USD ($) $ in Millions	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018	Oct. 28, 2018
Net Sales and Revenues
Net sales and revenues	$ 10,036	$ 10,308	$ 29,362	$ 27,942
% Change - Net sales and revenues	(3.00%)		5.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 1,194	1,283	$ 3,498	3,413
% Change - Operating profit (loss)	(7.00%)		2.00%
Net income (loss) attributable to Deere & Company	$ 899	910	$ 2,532	1,584
% Change - Net income (loss) attributable to Deere & Company	(1.00%)		60.00%
Identifiable Assets
Total Assets	$ 73,530	69,390	$ 73,530	69,390	$ 70,108
% Change - Identifiable assets			5.00%
Operating Segments (Other)
Reconciling items	$ (74)	(84)	$ (218)	(305)
% Change - Reconciling items	(12.00%)		(29.00%)
Income taxes	$ (221)	(289)	$ (748)	(1,524)
% Change - Income taxes	(24.00%)		(51.00%)
Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 9,184	9,548	$ 26,875	25,708
Operating Profit (Loss)
Net income (loss) attributable to Deere & Company	899	910	2,532	1,584
Identifiable Assets
Total Assets	34,770	32,804	34,770	32,804	33,197
Operating Segments (Other)
Income taxes	(190)	(242)	(625)	(1,607)
Equipment Operations \| Outside U.S. and Canada:
Net Sales and Revenues
Net sales and revenues	$ 4,026	4,232	10,985	11,036
% Change - Net sales and revenues	(5.00%)
Operating Profit (Loss)
Total operating profit (loss)	$ 430	398	$ 1,088	1,079
% Change - Operating profit (loss)	8.00%		1.00%
Corporate
Identifiable Assets
Total Assets	$ 4,296		$ 4,296		4,372
% Change - Identifiable assets			(2.00%)
Other Revenues
Net Sales and Revenues
Net sales and revenues	$ 157	192	$ 530	533
% Change - Net sales and revenues	(18.00%)		(1.00%)
Agriculture and Turf
Net Sales and Revenues
Net sales and revenues	$ 6,039		$ 18,234
Intersegment sales and revenues	$ 9	14	$ 27	38
% Change - Intersegment sales and revenues	(36.00%)		(29.00%)
Operating Profit (Loss)
Total operating profit (loss)	$ 612	806	$ 1,978	2,249
% Change - Operating profit (loss)	(24.00%)		(12.00%)
Identifiable Assets
Total Assets	$ 10,629		$ 10,629		10,161
% Change - Identifiable assets			5.00%
Construction and Forestry
Net Sales and Revenues
Net sales and revenues	3,087		$ 8,478
Intersegment sales and revenues			1
Operating Profit (Loss)
Total operating profit (loss)	$ 378	281	$ 954	573
% Change - Operating profit (loss)	35.00%		66.00%
Identifiable Assets
Total Assets	$ 10,161		$ 10,161		9,855
% Change - Identifiable assets			3.00%
Financial Services
Net Sales and Revenues
Net sales and revenues	$ 910	830	$ 2,650	2,402
% Change - Net sales and revenues	10.00%		10.00%
Intersegment sales and revenues	$ 93	89	$ 261	234
% Change - Intersegment sales and revenues	4.00%		12.00%
Operating Profit (Loss)
Total operating profit (loss)	$ 204	196	$ 566	591
% Change - Operating profit (loss)	4.00%		(4.00%)
Identifiable Assets
Total Assets	$ 48,444		$ 48,444		$ 45,720
% Change - Identifiable assets			6.00%
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 8,969	9,286	$ 26,182	25,007
% Change - Net sales and revenues	(3.00%)		5.00%
Net Sales \| Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 8,969	9,286	$ 26,182	25,007
Net Sales \| Agriculture and Turf
Net Sales and Revenues
Net sales and revenues	$ 5,946	6,293	$ 17,909	17,585
% Change - Net sales and revenues	(6.00%)		2.00%
Net Sales \| Construction and Forestry
Net Sales and Revenues
Net sales and revenues	$ 3,023	$ 2,993	$ 8,273	$ 7,422
% Change - Net sales and revenues	1.00%		11.00%

FINANCING RECEIVABLES - Past Du

FINANCING RECEIVABLES - Past Due Age Analysis (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jul. 28, 2019	Oct. 28, 2018	Apr. 28, 2019	Jul. 29, 2018	Apr. 29, 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	$ 410	$ 532		$ 527
Total Non-Performing	487	259		262
Current	31,537	30,463		29,273
Total Financing Receivables	32,434	31,254		30,062
Less allowance for credit losses	185	178	$ 182	187	$ 187	$ 187
Total financing receivables - net	32,249	31,076		29,875
30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	278	266		292
60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	127	140		116
90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	5	126		119
Retail Notes
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Financing Receivables	22,049			20,703
Less allowance for credit losses	120	113	$ 115	118	$ 120	$ 121
Retail Notes \| Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	202	270		245
Total Non-Performing	301	201		203
Current	18,038	17,836		17,048
Total Financing Receivables	18,541	18,307		17,496
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	136	133		138
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	63	74		53
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	3	63		54
Retail Notes \| Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	124	176		198
Total Non-Performing	135	40		42
Current	3,249	3,101		2,967
Total Financing Receivables	3,508	3,317		3,207
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	87	79		105
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	35	45		43
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	2	52		50
Other Financing Receivables \| Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	60	60		63
Total Non-Performing	37	15		14
Current	8,833	8,274		8,009
Total Financing Receivables	8,930	8,349		8,086
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	38	36		37
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	22	16		14
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		12
Other Financing Receivables \| Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	24	26		21
Total Non-Performing	14	3		3
Current	1,417	1,252		1,249
Total Financing Receivables	1,455	1,281		1,273
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	17	18		12
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	$ 7	5		6
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		$ 3

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018	Oct. 28, 2018
Allowance:
Beginning of period balance	$ 182	$ 187	$ 178	$ 187
Provision	26	32	62	49
Write-offs	(36)	(36)	(85)	(72)
Recoveries	13	8	33	29
Translation adjustments		(4)	(3)	(6)
End of period balance	185	187	185	187
Financing receivables:
End of period balance	32,434	30,062	32,434	30,062	$ 31,254
Balance individually evaluated	155	134	155	134
Retail Notes
Allowance:
Beginning of period balance	115	120	113	121
Provision	7	8	21	13
Write-offs	(9)	(9)	(29)	(23)
Recoveries	5	3	15	13
Translation adjustments	2	(4)		(6)
End of period balance	120	118	120	118
Financing receivables:
End of period balance	22,049	20,703	22,049	20,703
Balance individually evaluated	145	120	145	120
Revolving Charge Accounts
Allowance:
Beginning of period balance	43	40	43	40
Provision	18	21	34	29
Write-offs	(26)	(26)	(51)	(44)
Recoveries	8	5	17	15
End of period balance	43	40	43	40
Financing receivables:
End of period balance	3,877	3,750	3,877	3,750
Balance individually evaluated		1		1
Other Financing Receivables
Allowance:
Beginning of period balance	24	27	22	26
Provision	1	3	7	7
Write-offs	(1)	(1)	(5)	(5)
Recoveries			1	1
Translation adjustments	(2)		(3)
End of period balance	22	29	22	29
Financing receivables:
End of period balance	6,508	5,609	6,508	5,609
Balance individually evaluated	$ 10	$ 13	$ 10	$ 13

FINANCING RECEIVABLES - Impaire

FINANCING RECEIVABLES - Impaired (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Oct. 28, 2018
Analysis of Impaired Financing Receivables
Recorded investment, with specific allowance	$ 37	$ 31	$ 28
Recorded investment, without specific allowance	35	37	37
Recorded Investment	72	68	65
Unpaid principal balance, with specific allowance	36	30	27
Unpaid principal balance, without specific allowance	33	35	35
Unpaid Principal Balance	69	65	62
Specific Allowance	13	12	10
Average recorded investment, with specific allowance	37	33	30
Average recorded investment, without specific allowance	39	40	41
Average Recorded Investment	76	73	71
Agriculture and Turf
Analysis of Impaired Financing Receivables
Recorded Investment	51	51	50
Unpaid Principal Balance	50	49	48
Specific Allowance	9	10	9
Average Recorded Investment	52	54	54
Construction and Forestry
Analysis of Impaired Financing Receivables
Recorded Investment	21	17	15
Unpaid Principal Balance	19	16	14
Specific Allowance	4	2	1
Average Recorded Investment	$ 24	$ 19	$ 17

FINANCING RECEIVABLES - Trouble

FINANCING RECEIVABLES - Troubled Debt Restructuring (Details) $ in Millions	9 Months Ended
	Jul. 28, 2019USD ($)item	Jul. 29, 2018USD ($)item
Financing Receivables Related to Troubled Debt Restructurings
Financing receivable contracts in troubled debt restructuring, number \| item	416	410
Financing receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 34	$ 22
Financing receivables in troubled debt restructurings, aggregate balances, post-modification	33	$ 22
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 13

SECURITIZATION OF FINANCING R_3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	$ 1,190
Unconsolidated conduits, maximum exposure to loss	1,286
Financing receivables securitized (retail notes)	5,214	$ 4,032	$ 4,674
Allowance for credit losses - securitization transactions	(14)	(10)	(12)
Other assets - securitization transactions	98	108	114
Total restricted securitized assets - securitization transactions	5,298	4,130	4,776
Short-term securitization borrowings	5,048	3,957	4,528
Accrued interest on borrowings - securitization transactions	4	3	3
Total liabilities related to restricted securitized assets - securitization transactions	$ 5,052	3,960	4,531
Maximum remaining term of all restricted securitized retail notes	6 years
VIE-Primary Beneficiary
Securitization Transactions
Total restricted securitized assets - securitization transactions	$ 3,425	2,593	2,971
Total liabilities related to restricted securitized assets - securitization transactions	3,316	2,520	2,860
Non-VIE Banking Operation
Securitization Transactions
Total restricted securitized assets - securitization transactions	587	504	592
Total liabilities related to restricted securitized assets - securitization transactions	546	475	553
VIE-Not Primary Beneficiary
Securitization Transactions
Unconsolidated conduits, maximum exposure to loss	23	27
Total Assets	34,000
Total restricted securitized assets - securitization transactions	1,286	1,033	1,213
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,190	$ 965	$ 1,118

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
INVENTORIES
Raw materials and supplies	$ 2,365	$ 2,233	$ 2,126
Work-in-process	815	776	795
Finished goods and parts	5,345	4,777	4,768
Total FIFO value	8,525	7,786	7,689
Less adjustment to LIFO value	1,778	1,637	1,450
Inventories	$ 6,747	$ 6,149	$ 6,239

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 3,101	$ 1,033
Acquisitions		2,095
Divestitures		(18)
Translation adjustments	(88)	(63)
Goodwill - net, ending balance	3,013	3,047
Accumulated impairment loss	0	0
Agriculture and Turf
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	583	521
Acquisitions		28
Translation adjustments	(1)	(4)
Goodwill - net, ending balance	582	545
Construction and Forestry
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,518	512
Acquisitions		2,067
Divestitures		(18)
Translation adjustments	(87)	(59)
Goodwill - net, ending balance	$ 2,431	$ 2,502

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Amortized intangible assets:
Total at cost	$ 1,582	$ 1,622	$ 1,614
Less accumulated amortization	261	183	156
Total amortized intangible assets - net	1,321	1,439	1,458
Unamortized intangible assets:
Other intangible assets - net	$ 1,444	1,562	1,581
Customer Lists and Relationships
Amortized intangible assets:
Weighted-average useful lives	16 years
Total at cost	$ 525	542	562
Less accumulated amortization	$ 71	46	38
Technology, Patents, Trademarks, and Other
Amortized intangible assets:
Weighted-average useful lives	18 years
Total at cost	$ 1,057	1,080	1,052
Less accumulated amortization	190	137	118
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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 27	$ 27	$ 82	$ 71
Amortization expense of other intangible assets - remainder of 2019	26		26
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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period			5 years
Unamortized extended warranty premiums (deferred revenue)	$ 542	$ 486	$ 542	$ 486
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	1,714	1,591	1,652	1,468
Payments	(252)	(212)	(714)	(642)
Amortization of premiums received	(57)	(56)	(168)	(170)
Accruals for warranties	263	250	772	704
Premiums received	75	72	209	198
Acquisitions				80
Foreign exchange	3	(21)	(5)	(14)
End of period balance	$ 1,746	$ 1,624	$ 1,746	$ 1,624

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	9 Months Ended
	Jul. 28, 2019USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 452
Restricted Assets and Other Contingent Liabilities
Other restricted assets	93
Miscellaneous contingent liabilities	70
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	325
Guarantee obligations accrued losses	$ 14
Guarantee obligations term	7 years

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Fair Values of Financial Instruments
Financing receivables - net	$ 27,049	$ 27,054	$ 25,213
Financing receivables securitized - net	5,200	4,022	4,662
Short-term securitization borrowings	5,048	3,957	4,528
Long-term borrowings	29,242	27,237	26,838
Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	7,927	6,390	6,186
Long-term borrowings	30,160	27,538	27,226
Level 3
Fair Values of Financial Instruments
Financing receivables - net	27,014	26,813	24,986
Financing receivables securitized - net	5,206	3,968	4,606
Level 2 and Level 3
Fair Values of Financial Instruments
Short-term securitization borrowings	5,071	3,945	4,515
Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	27,049	27,054	25,213
Financing receivables securitized - net	5,200	4,022	4,662
Short-term securitization borrowings	5,048	3,957	4,528
Long-term borrowings due within one year	7,931	6,397	6,193
Long-term borrowings	29,242	27,237	26,838
Equipment Operations
Fair Values of Financial Instruments
Financing receivables - net	100	93	78
Financing receivables securitized - net	54	76	90
Short-term securitization borrowings	53	75	90
Long-term borrowings	5,364	4,714	5,526
Equipment Operations \| Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	1,013	979	239
Long-term borrowings	6,017	4,948	5,838
Equipment Operations \| Level 3
Fair Values of Financial Instruments
Financing receivables - net	93	91	75
Financing receivables securitized - net	52	73	89
Short-term securitization borrowings	54	75	89
Equipment Operations \| Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	100	93	78
Financing receivables securitized - net	54	76	90
Short-term securitization borrowings	53	75	90
Long-term borrowings due within one year	1,009	970	238
Long-term borrowings	5,364	4,714	5,526
Financial Services
Fair Values of Financial Instruments
Financing receivables - net	26,949	26,961	25,135
Financing receivables securitized - net	5,146	3,946	4,572
Short-term securitization borrowings	4,995	3,882	4,438
Long-term borrowings	23,878	22,523	21,312
Financial Services \| Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	5,017	3,870	4,426
Long-term borrowings due within one year	6,914	5,411	5,947
Long-term borrowings	24,143	22,590	21,388
Financial Services \| Level 3
Fair Values of Financial Instruments
Financing receivables - net	26,921	26,722	24,911
Financing receivables securitized - net	5,154	3,895	4,517
Financial Services \| Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	26,949	26,961	25,135
Financing receivables securitized - net	5,146	3,946	4,572
Short-term securitization borrowings	4,995	3,882	4,438
Long-term borrowings due within one year	6,922	5,427	5,955
Long-term borrowings	$ 23,878	$ 22,523	$ 21,312

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2019	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 565	$ 565	$ 490	$ 488
Derivative assets	320	320	168	124
Derivative liabilities	146	146	399	384
Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	320	320	168	124
Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	146	146	399	384
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	108	108	90	94
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	59	59	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				9
Unrealized gain on equity securities	1	7
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	49	49	44	39
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	453	453	392	384
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	320	320	168	124
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	146	146	399	384
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	265	265	80	68
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	99	99	350	330
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	53	53	83	50
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	45	45	49	52
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	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		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	73	67	60
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	57	57	46	47
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	156	156	140	138
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	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	158	158	137	136
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	$ 4	$ 8	$ 10

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Debt Securities (Details) $ in Millions	Jul. 28, 2019USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 30
Amortized cost, due after one through five years	101
Amortized cost, due after five through 10 years	92
Amortized cost, due after 10 years	115
Amortized cost, mortgage-backed securities	155
Amortized cost, debt securities	493
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	30
Fair value, due after one through five years	102
Fair value, due after five through 10 years	96
Fair value, due after 10 years	120
Fair value, mortgage-backed securities	158
Fair value, debt securities	$ 506

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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Fair Value, Recurring Level 3 Measurements from Available-for-Sale Marketable Securities
Beginning of period balance	$ 4	$ 14	$ 8	$ 17
Principal payments		(4)	(5)	(7)
Other			1
End of period balance	$ 4	$ 10	$ 4	$ 10

DERIVATIVE INSTRUMENTS - Cash F

DERIVATIVE INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Cash Flow Hedges
Cash flow hedge loss recorded in OCI to be reclassified within twelve months	$ (6)
Maximum maturity of cash flow interest rate contract	30 years
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	2,750	$ 3,050	$ 2,400
Notional amount of cash flow hedge derivatives for a forecasted debt issuance	$ 250
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	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Fair Value Hedges \| Designated as Hedging Instruments
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$ 9,245	$ 8,479	$ 7,792
Long-term Borrowings Due in One Year
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	187
Active Hedging Relationships	1
Discontinued Relationships	(5)
Total	(4)
Long-term Borrowings
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	9,154
Active Hedging Relationships	184
Discontinued Relationships	(50)
Total	$ 134

DERIVATIVE INSTRUMENTS - Not De

DERIVATIVE INSTRUMENTS - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 7,607	$ 8,075	$ 6,519
Interest Rate Cap Contracts \| Sold
Derivatives Not Designated as Hedging Instruments
Notional amounts	8	66	92
Interest Rate Cap Contracts \| Purchased
Derivatives Not Designated as Hedging Instruments
Notional amounts	8	66	92
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	6,362	6,842	7,752
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 90	$ 81	$ 96

DERIVATIVE INSTRUMENTS - Fair_2

DERIVATIVE INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
Fair Value of Derivative Instruments
Total derivative assets	$ 320	$ 168	$ 124
Total derivative liabilities	146	399	384
Other Assets
Fair Value of Derivative Instruments
Total derivative assets	320	168	124
Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	146	399	384
Designated as Hedging Instruments \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	232	29	27
Designated as Hedging Instruments \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	55	321	305
Designated as Hedging Instruments \| Interest Rate Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	232	29	24
Designated as Hedging Instruments \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	55	321	305
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	88	139	97
Not Designated as Hedging Instruments \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	91	78	79
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	33	51	44
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	44	29	25
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	53	83	50
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	45	49	52
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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (33)	$ 131	$ 39	$ 67
Interest Rate Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(27)	1	(42)	15
Interest Rate Contracts \| Net Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(6)		(23)
Interest Rate Contracts \| Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	193	(10)	468	(264)
Cash flow hedges, reclassified from OCI	1	2	6	3
Not designated as hedges, gains (losses)	(7)	(3)	(25)	(3)
Foreign Exchange Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI				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)	(8)	(10)	(1)	(22)
Foreign Exchange Contracts \| Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (12)	$ 144	$ 88	$ 92

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Jul. 28, 2019	Oct. 28, 2018	Jul. 29, 2018
DERIVATIVE INSTRUMENTS
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 101	$ 350	$ 331
Cash collateral paid	0	59	34
Derivative Assets
Gross amounts recognized	320	168	124
Netting arrangements	(70)	(65)	(67)
Net amount	250	103	57
Derivative Liabilities
Gross amounts recognized	146	399	384
Netting arrangements	(70)	(65)	(67)
Collateral paid	0	(59)	(34)
Net amount	$ 76	$ 275	$ 283

STOCK OPTION AND RESTRICTED S_2

STOCK OPTION AND RESTRICTED STOCK AWARDS (Details) - $ / shares shares in Thousands	1 Months Ended	9 Months Ended
	Dec. 23, 2018	Jul. 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)		7,500
Options outstanding, weighted-average exercise price (in dollars per share)		$ 91.97
Fair value assumptions method used	lattice model
Restricted Stock Units
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		446
Restricted Stock Units Subject to Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		355
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 149.54
Restricted Stock Units Subject to Performance/Service Based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		91
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 140.49

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Millions	Sep. 23, 2018	Jul. 29, 2018	Jul. 28, 2019	Oct. 28, 2018	Oct. 29, 2017
Acquisitions
Cash purchase price, net of cash acquired		$ 5,171
Asset and Liability Fair Values at the Acquisition Date
Goodwill		$ 3,047	$ 3,013	$ 3,101	$ 1,033
PLA
Acquisitions
Cash acquired	$ 1
Cash purchase price, net of cash acquired	69
Escrow to secure indemnity obligations	4
Liabilities assumed	29
Asset and Liability Fair Values at the Acquisition Date
Trade accounts and notes receivable	2
Other receivables	14
Inventories	14
Property and equipment	1
Goodwill	44
Other intangible assets	22
Other assets	1
Total assets	98
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		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Net Sales and Revenues
Net sales and revenues	$ 10,036	$ 10,308	$ 29,362	$ 27,942
Costs and Expenses
Research and development expenses	431	416	1,295	1,188
Selling, administrative and general expenses	896	913	2,607	2,557
Interest expense	374	291	1,078	881
Total	8,923	9,118	26,099	24,850
Income of Consolidated Group before Income Taxes	1,113	1,190	3,263	3,092
Provision for income taxes	221	289	748	1,524
Income of Consolidated Group	892	901	2,515	1,568
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Net Income	899	911	2,535	1,586
Less: Net income attributable to noncontrolling interests	0	1	3	2
Net Income Attributable to Deere & Company	899	910	2,532	1,584
Net Sales
Net Sales and Revenues
Net sales and revenues	8,969	9,286	26,182	25,007
Costs and Expenses
Costs and expenses	6,870	7,152	20,056	19,190
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	884	786	2,537	2,263
Other
Net Sales and Revenues
Net sales and revenues	183	236	643	672
Costs and Expenses
Costs and expenses	352	346	1,063	1,034
Equipment Operations
Net Sales and Revenues
Net sales and revenues	9,184	9,548	26,875	25,708
Costs and Expenses
Research and development expenses	431	416	1,295	1,188
Selling, administrative and general expenses	751	769	2,191	2,159
Interest expense	67	52	182	226
Interest compensation to Financial Services	93	86	254	228
Total	8,277	8,556	24,183	23,212
Income of Consolidated Group before Income Taxes	907	992	2,692	2,496
Provision for income taxes	190	242	625	1,607
Income of Consolidated Group	717	750	2,067	889
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	182	161	468	697
Net Income	899	911	2,535	1,586
Less: Net income attributable to noncontrolling interests		1	3	2
Net Income Attributable to Deere & Company	899	910	2,532	1,584
Equipment Operations \| Financial Services
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	175	151	450	681
Equipment Operations \| Other
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates	7	10	18	16
Equipment Operations \| Net Sales
Net Sales and Revenues
Net sales and revenues	8,969	9,286	26,182	25,007
Costs and Expenses
Costs and expenses	6,871	7,153	20,058	19,192
Equipment Operations \| Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	30	31	79	70
Equipment Operations \| Other
Net Sales and Revenues
Net sales and revenues	185	231	614	631
Costs and Expenses
Costs and expenses	64	80	203	219
Financial Services
Net Sales and Revenues
Net sales and revenues	1,003	919	2,911	2,636
Costs and Expenses
Selling, administrative and general expenses	147	145	422	403
Interest expense	311	250	910	675
Total	797	721	2,340	2,040
Income of Consolidated Group before Income Taxes	206	198	571	596
Provision for income taxes	31	47	123	(83)
Income of Consolidated Group	175	151	448	679
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates			2	2
Net Income	175	151	450	681
Net Income Attributable to Deere & Company	175	151	450	681
Financial Services \| Financial Services
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Equity in Income of Unconsolidated Subsidiaries and Affiliates			2	2
Financial Services \| Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	952	852	2,727	2,441
Financial Services \| Other
Net Sales and Revenues
Net sales and revenues	51	67	184	195
Costs and Expenses
Costs and expenses	$ 339	$ 326	$ 1,008	$ 962

SUPPLEMENTAL CONSOLIDATING DA_4

SUPPLEMENTAL CONSOLIDATING DATA - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 28, 2019	Apr. 28, 2019	Oct. 29, 2018	Oct. 28, 2018	Jul. 29, 2018	Apr. 29, 2018	Oct. 29, 2017
ASSETS
Cash and cash equivalents	$ 3,383			$ 3,904	$ 3,923
Marketable securities	565			490	488
Receivables from unconsolidated subsidiaries and affiliates	54			22	28
Trade accounts and notes receivable - net	6,758			5,004	6,208
Financing receivables - net	27,049			27,054	25,213
Financing receivables securitized - net	5,200			4,022	4,662
Other receivables	1,535			1,736	1,300
Equipment on operating leases - net	7,269			7,165	6,805
Inventories	6,747			6,149	6,239
Property and equipment - net	5,798			5,868	5,638
Investments in unconsolidated subsidiaries and affiliates	219			207	199
Goodwill	3,013			3,101	3,047		$ 1,033
Other intangible assets - net	1,444			1,562	1,581
Retirement benefits	1,431			1,298	737
Deferred income taxes	1,088			808	1,645
Other assets	1,977		$ 1,828	1,718	1,677
Total Assets	73,530			70,108	69,390
LIABILITIES
Short-term borrowings	11,142			11,062	11,004
Short-term securitization borrowings	5,048			3,957	4,528
Payables to unconsolidated subsidiaries and affiliates	136			129	111
Accounts payable and accrued expenses	9,390		$ 10,221	10,111	9,483
Deferred income taxes	507			556	524
Long-term borrowings	29,242			27,237	26,838
Retirement benefits and other liabilities	5,781			5,751	6,522
Total liabilities	61,246			58,803	59,010
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14			14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2019 - 536,431,204)	$ 4,599			4,474	4,451
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (17,121)			(16,312)	(15,814)
Retained earnings	29,369			27,553	26,272
Accumulated other comprehensive income (loss)	(4,581)			(4,427)	(4,553)
Total Deere & Company stockholders' equity	12,266			11,288	10,356
Noncontrolling interests	4			3	10
Total stockholders' equity	12,270	$ 11,924		11,291	10,366	$ 10,420	$ 9,560
Total Liabilities and Stockholders' Equity	73,530			70,108	69,390
Equipment Operations
ASSETS
Cash and cash equivalents	2,694			3,195	2,803
Marketable securities	5			8	11
Receivables from unconsolidated subsidiaries and affiliates	2,395			1,700	1,795
Trade accounts and notes receivable - net	1,606			1,374	1,586
Financing receivables - net	100			93	78
Financing receivables securitized - net	54			76	90
Other receivables	1,428			1,010	1,131
Inventories	6,747			6,149	6,239
Property and equipment - net	5,753			5,821	5,592
Investments in unconsolidated subsidiaries and affiliates	5,309			5,231	4,992
Goodwill	3,013			3,101	3,047
Other intangible assets - net	1,444			1,562	1,581
Retirement benefits	1,374			1,241	727
Deferred income taxes	1,579			1,503	1,984
Other assets	1,269			1,133	1,148
Total Assets	34,770			33,197	32,804
LIABILITIES
Short-term borrowings	1,372			1,434	789
Short-term securitization borrowings	53			75	90
Payables to unconsolidated subsidiaries and affiliates	136			129	111
Accounts payable and accrued expenses	9,422			9,383	9,047
Deferred income taxes	454			497	431
Long-term borrowings	5,364			4,714	5,526
Retirement benefits and other liabilities	5,685			5,660	6,430
Total liabilities	22,486			21,892	22,424
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	14			14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2019 - 536,431,204)	$ 4,599			4,474	4,451
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (17,121)			(16,312)	(15,814)
Retained earnings	29,369			27,553	26,272
Accumulated other comprehensive income (loss)	(4,581)			(4,427)	(4,553)
Total Deere & Company stockholders' equity	12,266			11,288	10,356
Noncontrolling interests	4			3	10
Total stockholders' equity	12,270			11,291	10,366
Total Liabilities and Stockholders' Equity	34,770			33,197	32,804
Financial Services
ASSETS
Cash and cash equivalents	689			709	1,120
Marketable securities	560			482	477
Trade accounts and notes receivable - net	6,807			4,906	6,080
Financing receivables - net	26,949			26,961	25,135
Financing receivables securitized - net	5,146			3,946	4,572
Other receivables	126			776	176
Equipment on operating leases - net	7,269			7,165	6,805
Property and equipment - net	45			47	46
Investments in unconsolidated subsidiaries and affiliates	16			15	15
Retirement benefits	57			57	14
Deferred income taxes	72			69	68
Other assets	708			587	530
Total Assets	48,444			45,720	45,038
LIABILITIES
Short-term borrowings	9,770			9,628	10,215
Short-term securitization borrowings	4,995			3,882	4,438
Payables to unconsolidated subsidiaries and affiliates	2,341			1,678	1,766
Accounts payable and accrued expenses	1,641			2,056	1,902
Deferred income taxes	616			823	500
Long-term borrowings	23,878			22,523	21,312
Retirement benefits and other liabilities	97			91	96
Total liabilities	43,338			40,681	40,229
Commitments and contingencies (Note 15)
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2019 - 536,431,204)	2,107			2,100	2,100
Retained earnings	3,338			3,257	3,009
Accumulated other comprehensive income (loss)	(339)			(318)	(300)
Total Deere & Company stockholders' equity	5,106			5,039	4,809
Total stockholders' equity	5,106			5,039	4,809
Total Liabilities and Stockholders' Equity	$ 48,444			$ 45,720	$ 45,038

SUPPLEMENTAL CONSOLIDATING DA_5

SUPPLEMENTAL CONSOLIDATING DATA - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2019	Jul. 29, 2018	Jul. 28, 2019	Jul. 29, 2018
Cash Flows from Operating Activities
Net income	$ 899	$ 911	$ 2,535	$ 1,586
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			58	66
Provision for depreciation and amortization			1,522	1,445
Gain on sales of businesses				(25)
Undistributed earnings of unconsolidated subsidiaries and affiliates			10	(10)
Provision (credit) for deferred income taxes			(332)	641
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			(2,206)	(2,365)
Inventories			(1,168)	(1,539)
Accounts payable and accrued expenses			(306)	213
Accrued income taxes payable/receivable			253	176
Retirement benefits			40	(814)
Other			(65)	(109)
Net cash provided by (used for) operating activities			404	(672)
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities			72	56
Proceeds from sales of equipment on operating leases			1,171	1,116
Proceeds from sales of businesses, net of cash sold				133
Acquisitions of businesses, net of cash acquired				(5,171)
Purchases of marketable securities			(110)	(101)
Purchases of property and equipment			(756)	(571)
Cost of equipment on operating leases acquired			(1,462)	(1,428)
Other			(67)	(103)
Net cash provided by (used for) investing activities			(2,129)	(6,493)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			(336)	1,183
Proceeds from long-term borrowings			7,440	5,739
Payments of long-term borrowings			(4,356)	(4,372)
Proceeds from issuance of common stock			133	209
Repurchases of common stock			(880)	(454)
Dividends paid			(703)	(583)
Other			(82)	(66)
Net cash provided by (used for) financing activities			1,216	1,656
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(24)	71
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(533)	(5,438)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			4,015	9,467
Cash, Cash Equivalents, and Restricted Cash at End of Period	3,482	4,029	3,482	4,029
Equipment Operations
Cash Flows from Operating Activities
Net income	899	911	2,535	1,586
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			1	19
Provision for depreciation and amortization			782	741
Gain on sales of businesses				(25)
Undistributed earnings of unconsolidated subsidiaries and affiliates			(62)	(235)
Provision (credit) for deferred income taxes			(123)	986
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			(248)	(331)
Inventories			(670)	(975)
Accounts payable and accrued expenses			50	519
Accrued income taxes payable/receivable			(282)	231
Retirement benefits			35	(821)
Other			(59)	(86)
Net cash provided by (used for) operating activities			1,959	1,609
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities			9	9
Proceeds from sales of businesses, net of cash sold				133
Acquisitions of businesses, net of cash acquired				(5,171)
Purchases of marketable securities			(3)
Purchases of property and equipment			(754)	(569)
Other			(64)	42
Net cash provided by (used for) investing activities			(812)	(5,556)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			(119)	119
Change in intercompany receivables/payables			(683)	(797)
Proceeds from long-term borrowings			868	159
Payments of long-term borrowings			(194)	(118)
Proceeds from issuance of common stock			133	209
Repurchases of common stock			(880)	(454)
Dividends paid			(703)	(583)
Other			(52)	(41)
Net cash provided by (used for) financing activities			(1,630)	(1,506)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(16)	89
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(499)	(5,364)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			3,202	8,174
Cash, Cash Equivalents, and Restricted Cash at End of Period	2,703	2,810	2,703	2,810
Financial Services
Cash Flows from Operating Activities
Net income	175	151	450	681
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses			57	47
Provision for depreciation and amortization			836	800
Undistributed earnings of unconsolidated subsidiaries and affiliates			(1)	(1)
Provision (credit) for deferred income taxes			(209)	(345)
Changes in assets and liabilities:
Accounts payable and accrued expenses			23	66
Accrued income taxes payable/receivable			535	(55)
Retirement benefits			5	7
Other			140	141
Net cash provided by (used for) operating activities			1,836	1,341
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)			13,807	13,246
Proceeds from maturities and sales of marketable securities			63	47
Proceeds from sales of equipment on operating leases			1,171	1,116
Cost of receivables acquired (excluding trade and wholesale)			(14,597)	(13,830)
Purchases of marketable securities			(107)	(101)
Purchases of property and equipment			(2)	(2)
Cost of equipment on operating leases acquired			(2,135)	(2,190)
Increase in trade and wholesale receivables			(2,551)	(2,330)
Other			12	(61)
Net cash provided by (used for) investing activities			(4,339)	(4,105)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			(217)	1,064
Change in intercompany receivables/payables			683	797
Proceeds from long-term borrowings			6,572	5,580
Payments of long-term borrowings			(4,162)	(4,254)
Dividends paid			(377)	(454)
Other			(22)	(25)
Net cash provided by (used for) financing activities			2,477	2,708
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(8)	(18)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			(34)	(74)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			813	1,293
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 779	$ 1,219	$ 779	$ 1,219