Deere & Company (DE) 10-Q27 Aug 202020 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	9 Months Ended
Document and Entity Information	Aug. 02, 2020shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 2, 2020
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	313,374,767
Current Fiscal Year End Date	--11-01
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000315189
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	DE
Security Exchange Name	NYSE
8-1/2% Debentures Due 2022
Document Information [Line Items]
Title of 12(b) Security	8½% Debentures Due 2022
Trading Symbol	DE22
Security Exchange Name	NYSE
6.55% Debentures Due 2028
Document Information [Line Items]
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
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Net Sales and Revenues
Net sales and revenues	$ 8,925	$ 10,036	$ 25,809	$ 29,362
Costs and Expenses
Research and development expenses	370	431	1,201	1,295
Selling, administrative and general expenses	752	896	2,467	2,607
Interest expense	290	374	969	1,078
Total	7,655	8,923	23,042	26,099
Income of Consolidated Group before Income Taxes	1,270	1,113	2,767	3,263
Provision for income taxes	457	221	752	748
Income of Consolidated Group	813	892	2,015	2,515
Equity in income (loss) of unconsolidated affiliates	(2)	7	(20)	20
Net Income	811	899	1,995	2,535
Less: Net income attributable to noncontrolling interests	0	0	2	3
Net Income Attributable to Deere & Company	$ 811	$ 899	$ 1,993	$ 2,532
Per Share Data
Basic (in dollars per share)	$ 2.59	$ 2.84	$ 6.36	$ 7.98
Diluted (in dollars per share)	$ 2.57	$ 2.81	$ 6.30	$ 7.87
Average Shares Outstanding
Basic (in shares)	313	315.9	313.3	317.3
Diluted (in shares)	315.8	319.8	316.4	321.5
Net Sales
Net Sales and Revenues
Net sales	$ 7,859	$ 8,969	$ 22,612	$ 26,182
Costs and Expenses
Costs and expenses	5,835	6,870	17,206	20,056
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	838	884	2,584	2,537
Other
Net Sales and Revenues
Net sales and revenues	228	183	613	643
Costs and Expenses
Costs and expenses	$ 408	$ 352	$ 1,199	$ 1,063

STATEMENT OF CONSOLIDATED COMPR

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME
Net income	$ 811	$ 899	$ 1,995	$ 2,535
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	51	15	338	84
Cumulative translation adjustment	331	26	(67)	(218)
Unrealized gain (loss) on derivatives	4	(22)	(4)	(37)
Unrealized gain on debt securities	10	10	21	25
Other Comprehensive Income (Loss), Net of Income Taxes	396	29	288	(146)
Comprehensive Income of Consolidated Group	1,207	928	2,283	2,389
Less: Comprehensive income attributable to noncontrolling interests	0	0	2	3
Comprehensive Income Attributable to Deere & Company	$ 1,207	$ 928	$ 2,281	$ 2,386

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Aug. 02, 2020	May 03, 2020	Nov. 04, 2019	Nov. 03, 2019	Jul. 28, 2019	Apr. 28, 2019	Oct. 28, 2018
ASSETS
Cash and cash equivalents	$ 8,190			$ 3,857	$ 3,383
Marketable securities	640			581	565
Receivables from unconsolidated affiliates	26			46	54
Trade accounts and notes receivable - net	5,473			5,230	6,758
Financing receivables - net	27,814			29,195	27,049
Financing receivables securitized - net	5,469			4,383	5,200
Other receivables	1,217			1,487	1,535
Equipment on operating leases - net	7,158			7,567	7,269
Inventories	5,650			5,975	6,747
Property and equipment - net	5,754			5,973	5,798
Investments in unconsolidated affiliates	199			215	219
Goodwill	2,984			2,917	3,013		$ 3,101
Other intangible assets - net	1,301		$ 1,357	1,380	1,444
Retirement benefits	1,031			840	1,431
Deferred income taxes	1,534			1,466	1,088
Other assets	2,824		2,301	1,899	1,977
Total Assets	77,264			73,011	73,530
LIABILITIES
Short-term borrowings	9,075		10,795	10,784	11,142
Short-term securitization borrowings	5,361			4,321	5,048
Payables to unconsolidated affiliates	80			142	136
Accounts payable and accrued expenses	9,565		10,004	9,656	9,390
Deferred income taxes	479			495	507
Long-term borrowings	34,037		$ 30,249	30,229	29,242
Retirement benefits and other liabilities	5,776			5,953	5,781
Total liabilities	64,373			61,580	61,246
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest (Note 20)				14	14
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at August 2, 2020 - 536,431,204)	4,750			4,642	4,599
Common stock in treasury	(17,671)			(17,474)	(17,121)
Retained earnings	31,128			29,852	29,369
Accumulated other comprehensive income (loss)	(5,319)			(5,607)	(4,581)
Total Deere & Company stockholders' equity	12,888			11,413	12,266
Noncontrolling interests	3			4	4
Total stockholders' equity	12,891	$ 11,865		11,417	12,270	$ 11,924	$ 11,291
Total Liabilities and Stockholders' Equity	$ 77,264			$ 73,011	$ 73,530

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical)	Aug. 02, 2020$ / 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
	Aug. 02, 2020	Jul. 28, 2019
Cash Flows from Operating Activities
Net income	$ 1,995	$ 2,535
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	123	58
Provision for depreciation and amortization	1,614	1,522
Impairment charges	147
Share-based compensation expense	63	63
Undistributed earnings of unconsolidated affiliates	(5)	10
Credit for deferred income taxes	(160)	(332)
Changes in assets and liabilities:
Trade, notes, and financing receivables related to sales	626	(2,206)
Inventories	(1)	(1,168)
Accounts payable and accrued expenses	(572)	(306)
Accrued income taxes payable/receivable	4	253
Retirement benefits	88	40
Other	135	(65)
Net cash provided by operating activities	4,057	404
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	13,237	12,685
Proceeds from maturities and sales of marketable securities	70	72
Proceeds from sales of equipment on operating leases	1,310	1,171
Cost of receivables acquired (excluding receivables related to sales)	(14,449)	(13,662)
Purchases of marketable securities	(91)	(110)
Purchases of property and equipment	(594)	(756)
Cost of equipment on operating leases acquired	(1,312)	(1,462)
Collateral on derivatives - net	324	59
Other	(12)	(126)
Net cash used for investing activities	(1,517)	(2,129)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	170	(336)
Proceeds from long-term borrowings	8,331	7,440
Payments of long-term borrowings	(5,797)	(4,356)
Proceeds from issuance of common stock	111	133
Repurchases of common stock	(263)	(880)
Dividends paid	(718)	(703)
Other	(110)	(82)
Net cash provided by financing activities	1,724	1,216
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	80	(24)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	4,344	(533)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	3,956	4,015
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 8,300	$ 3,482

STATEMENT OF CHANGES IN CONSOLI

STATEMENT OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Common Stock	Treasury Stock	Retained EarningsCumulative Effect from Adoption	Retained Earnings	Accumulated Other Comprehensive Income (Loss)Cumulative Effect from Adoption	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
Balance (ASU 2016-01) at Oct. 28, 2018			$ 8		$ (8)
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
Balance at Nov. 03, 2019	4,642	(17,474)		29,852		(5,607)	4	11,417
Increase (Decrease) in Stockholders' Equity
Net income				1,993			1	1,994
Other comprehensive income (loss)						288		288
Repurchases of common stock		(263)						(263)
Treasury shares reissued		66						66
Dividends declared				(716)			(3)	(719)
Stock options and other	108			(1)			1	108
Balance at Aug. 02, 2020	4,750	(17,671)		31,128		(5,319)	3	12,891
Redeemable Noncontrolling Interest - Balance at Nov. 03, 2019								14
Increase (Decrease) in Redeemable Noncontrolling Interest
Net income								1
Dividends declared								(1)
Noncontrolling interest redemption (Note 20)								(14)
Balance at May. 03, 2020	4,713	(17,690)		30,556		(5,715)	1	11,865
Increase (Decrease) in Stockholders' Equity
Net income				811				811
Other comprehensive income (loss)						396		396
Treasury shares reissued		19						19
Dividends declared				(239)				(239)
Stock options and other	37						2	39
Balance at Aug. 02, 2020	$ 4,750	$ (17,671)		$ 31,128		$ (5,319)	$ 3	$ 12,891

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	9 Months Ended
ORGANIZATION AND CONSOLIDATION	Aug. 02, 2020
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 2020 and 2019 were August 2, 2020 and July 28, 2019, 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 the equity basis. The maximum exposure to loss was $13 million, $22 million, and $23 million at August 2, 2020, November 3, 2019, and July 28, 2019, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION	9 Months Ended
	Aug. 02, 2020
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. The COVID-19 (COVID) pandemic has resulted in uncertainties in the Company’s business, which may result in actual outcomes differing significantly 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 $388 million and $498 million in the first nine months of 2020 and 2019, respectively. The Company also had accounts payable related to purchases of property and equipment of approximately $51 million and $70 million at August 2, 2020 and July 28, 2019, respectively. The Company’s restricted cash held at August 2, 2020, November 3, 2019, July 28, 2019, and October 28, 2018 was as follows in millions of dollars: August 2 November 3 July 28 October 28 2020 2019 2019 2018 Equipment operations $ 11 $ 21 $ 9 $ 7 Financial services 99 78 90 104 Total $ 110 $ 99 $ 99 $ 111 The equipment operations’ restricted cash relates to miscellaneous operational activities. The financial services 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	Aug. 02, 2020
NEW ACCOUNTING STANDARDS
NEW ACCOUNTING STANDARDS	(3) New Accounting Standards New Accounting Standards Adopted In the first quarter of 2020, the Company adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-02 , Leases (Topic 842), which supersedes Accounting Standards Codification (ASC) 840, Leases. This ASU was adopted using a modified-retrospective approach. 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 did not significantly change the lessee’s recognition, measurement, and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. The ASU adds new disclosures about the Company’s leasing activities. The Company elected the optional practical expedients to not reassess whether existing contracts contain leases, not reassess lease classification, and not reassess initial direct costs for existing leases. The Company did not elect the hindsight practical expedient . In addition, the Company elected to combine lease and nonlease components for all asset classes and to not recognize a right of use asset or lease liability for arrangements that qualify as short-term leases. The operating lease liabilities are recorded in “Accounts payable and accrued expenses” and the operating lease right of use assets are recorded in “Other assets.” The finance lease liabilities are recorded in “Short-term borrowings” or “Long-term borrowings” based on the remaining lease term, and the finance lease right of use assets are recorded in “Property and equipment - net.” In addition to the lease liabilities and right of use assets, land use rights were reclassified from “Other intangible assets - net” to “Other assets” and finance lease liabilities were reclassified from “Accounts payable and accrued expenses” to “Short-term borrowings” and “Long-term borrowings.” The effect of adopting the ASU on the consolidated balance sheet follows in millions of dollars: November 3, 2019 Cumulative Effect November 4, 2019 Assets Other intangible assets - net $ 1,380 $ (23) $ 1,357 Other assets 1,899 402 2,301 Liabilities Short-term borrowings $ 10,784 $ 11 $ 10,795 Accounts payable and accrued expenses 9,656 348 10,004 Long-term borrowings 30,229 20 30,249 The Company implemented a new system for lessee accounting with new processes and controls at the time of adopting the ASU. The adoption did not have a material effect on the Company’s operating results or cash flows. See Note 15 for additional information. The Company also adopted the following standards in 2020, none of which had a material effect on the Company’s consolidated financial statements: Accounting Standards Updates 2017-08 Premium Amortization on Purchased Callable Debt Securities, which amends ASC 310-20, Receivables – Nonrefundable Fees and Other Costs 2018-07 Improvements to Nonemployee Share-Based Payment Accounting, which amends ASC 718, Compensation – Stock Compensation 2019-04 Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The adoption was for clarifications to ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities 2020-04 Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which establishes ASC 848, Reference Rate Reform New Accounting Standards to be Adopted 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 to an expected loss methodology. The ASU affects receivables, debt securities, net investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant estimates and credit quality are also required. The effective date will be the first quarter of fiscal year 2021. The ASU will be adopted using a modified-retrospective approach. The Company is testing and validating models developed to estimate expected credit losses, assessing appropriate assumptions, designing new procedures and controls, and evaluating the potential effects on the consolidated financial statements. The Company will also adopt the following standards in future periods, none of which are expected to have a material effect on the Company’s consolidated financial statements: Accounting Standards Updates 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 2019-04 Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments 2019-12 Simplifying the Accounting for Income Taxes, which amends ASC 740, Income Taxes

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
REVENUE RECOGNITION	Aug. 02, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	(4) 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 August 2, 2020 Agriculture Construction Financial Total Primary geographical markets: United States $ 2,845 $ 1,048 $ 632 $ 4,525 Canada 295 194 146 635 Western Europe 1,103 376 22 1,501 Central Europe and CIS 319 178 9 506 Latin America 602 124 51 777 Asia, Africa, Australia, New Zealand, and Middle East 631 318 32 981 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Major product lines: Large Agriculture $ 2,893 $ 2,893 Small Agriculture 2,021 2,021 Turf 651 651 Construction $ 817 817 Compact Construction 303 303 Roadbuilding 818 818 Forestry 241 241 Financial Products 24 5 $ 892 921 Other 206 54 260 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Timing of revenue recognition: Revenue recognized at a point in time $ 5,739 $ 2,210 $ 28 $ 7,977 Revenue recognized over time 56 28 864 948 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Nine Months Ended August 2, 2020 Agriculture Construction Financial Total Primary geographical markets: United States $ 8,725 $ 3,331 $ 1,880 $ 13,936 Canada 699 532 453 1,684 Western Europe 2,992 1,073 66 4,131 Central Europe and CIS 877 477 27 1,381 Latin America 1,515 418 177 2,110 Asia, Africa, Australia, New Zealand, and Middle East 1,646 825 96 2,567 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 Major product lines: Large Agriculture $ 8,106 $ 8,106 Small Agriculture 5,762 5,762 Turf 1,925 1,925 Construction $ 2,535 2,535 Compact Construction 930 930 Roadbuilding 2,146 2,146 Forestry 769 769 Financial Products 72 18 $ 2,699 2,789 Other 589 258 847 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 Timing of revenue recognition: Revenue recognized at a point in time $ 16,294 $ 6,576 $ 80 $ 22,950 Revenue recognized over time 160 80 2,619 2,859 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 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, and Middle East 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 Roadbuilding 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, and Middle East 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 Roadbuilding 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 Roadbuilding 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 16, was $1,115 million, $1,010 million and $1,022 million at August 2, 2020, November 3, 2019, and July 28, 2019, respectively. The contract liability is reduced as the revenue is recognized. During the three months ended August 2, 2020 and July 28, 2019, $97 million and $101 million, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of the respective fiscal year. During the nine months ended August 2, 2020 and July 28, 2019, $375 million and $360 million, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of the respective fiscal year. The Company entered into contracts with customers to deliver equipment and services that have not been recognized at August 2, 2020 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 $920 million at August 2, 2020. The estimated revenue to be recognized by fiscal year follows in millions of dollars: remainder of 2020 - $88, 2021 - $385, 2022 - $240, 2023 - $132, 2024 - $56, 2025 - $16 and later years - $3. The Company discloses unsatisfied 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. As explained in the 2019 Form 10-K, the Company’s policy on trade accounts and notes receivables is to not extend interest-free periods nor to forgive interest charged. During the second and third quarters of 2020, the Company provided short-term payment relief on trade accounts and notes receivables to independent dealers and certain other customers (customers) that are negatively affected by the economic effects of COVID. The relief was provided both in regional programs and case-by-case situations with creditworthy customers. This relief generally included payment deferrals not exceeding three months, extending interest-free periods for up to an additional three months with the total interest-free period not to exceed one year, or reducing interest rates for a maximum of three months. The trade receivable balance granted relief in the second or third quarter that remained outstanding at August 2, 2020 was $234 million or approximately 4 percent of the trade receivable portfolio. These actions were taken in response to the economic effects of COVID on customers. Outside of these actions, the Company is not modifying its normal sales terms with customers that are outlined in the 2019 Form 10-K. For customers who obtained payment relief, subsequent sales transactions are evaluated to confirm the revenue recognition criteria are met, including the sales price is determinable and collectability of the payments is probable based on the terms outlined in the contract.

OTHER COMPREHENSIVE INCOME ITEM

OTHER COMPREHENSIVE INCOME ITEMS	9 Months Ended
OTHER COMPREHENSIVE INCOME ITEMS	Aug. 02, 2020
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 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) Balance November 3, 2019 $ (3,915) $ (1,651) $ (60) $ 19 $ (5,607) Other comprehensive income (loss) items before reclassification 179 (75) (14) 22 112 Amounts reclassified from accumulated other comprehensive income 159 8 10 (1) 176 Net current period other comprehensive income (loss) 338 (67) (4) 21 288 Balance August 2, 2020 $ (3,577) $ (1,718) $ (64) $ 40 $ (5,319) 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 August 2, 2020 Amount Credit Amount Cumulative translation adjustment: Unrealized gain (loss) on translation adjustment $ 321 $ 2 $ 323 Reclassification of (gain) loss to Other operating expenses 8 8 Net unrealized gain (loss) on translation adjustment 329 2 331 Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (1) (1) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense 7 (2) 5 Net unrealized gain (loss) on derivatives 6 (2) 4 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) (9) 2 (7) Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 62 (15) 47 Prior service (credit) cost 3 (1) 2 Settlements 6 (2) 4 OPEB Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 7 (2) 5 Prior service (credit) cost (1) 1 Net unrealized gain (loss) on retirement benefits adjustment 68 (17) 51 Total other comprehensive income (loss) $ 415 $ (19) $ 396 Before Tax After Tax (Expense) Tax Nine Months Ended August 2, 2020 Amount Credit Amount Cumulative translation adjustment: Unrealized gain (loss) on translation adjustment $ (77) $ 2 $ (75) Reclassification of (gain) loss to Other operating expenses 8 8 Net unrealized gain (loss) on translation adjustment (69) 2 (67) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (18) 4 (14) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense 13 (3) 10 Net unrealized gain (loss) on derivatives (5) 1 (4) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 27 (5) 22 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 26 (5) 21 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (36) 8 (28) Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 186 (57) 129 Prior service (credit) cost 9 (2) 7 Settlements 12 (3) 9 OPEB Net actuarial gain (loss) 274 (67) 207 Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 21 (5) 16 Prior service (credit) cost (3) 1 (2) Net unrealized gain (loss) on retirement benefits adjustment 463 (125) 338 Total other comprehensive income (loss) $ 415 $ (127) $ 288 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 to Other operating expenses through amortization of: * Actuarial (gain) loss 35 (9) 26 Prior service (credit) cost 2 2 Settlements 1 1 OPEB Reclassification to Other operating expense through amortization of: * 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 In the third quarter of 2020 2019 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 to Other operating expenses through amortization of: * Actuarial (gain) loss 106 (26) 80 Prior service (credit) cost 8 (2) 6 Settlements 1 1 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification to Other operating expenses through amortization of: * 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) * In the first nine months of 2020 2019

DIVIDENDS DECLARED AND PAID

DIVIDENDS DECLARED AND PAID	9 Months Ended
DIVIDENDS DECLARED AND PAID	Aug. 02, 2020
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Dividends declared $ .76 $ .76 $ 2.28 $ 2.28 Dividends paid $ .76 $ .76 $ 2.28 $ 2.21

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Aug. 02, 2020
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Net income attributable to Deere & Company $ 811 $ 899 $ 1,993 $ 2,532 Average shares outstanding 313.0 315.9 313.3 317.3 Basic per share $ 2.59 $ 2.84 $ 6.36 $ 7.98 Average shares outstanding 313.0 315.9 313.3 317.3 Effect of dilutive share-based compensation 2.8 3.9 3.1 4.2 Total potential shares outstanding 315.8 319.8 316.4 321.5 Diluted per share $ 2.57 $ 2.81 $ 6.30 $ 7.87 During the third quarter and first nine months of 2020, 1.2 million shares and .8 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 2019, .9 million shares and .7 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	Aug. 02, 2020
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Service cost $ 80 $ 65 $ 241 $ 197 Interest cost 86 112 260 334 Expected return on plan assets (204) (200) (613) (600) Amortization of actuarial loss 62 35 186 106 Amortization of prior service cost 3 2 9 8 Settlements 6 1 12 1 Net cost $ 33 $ 15 $ 95 $ 46 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Service cost $ 12 $ 11 $ 36 $ 31 Interest cost 34 53 106 160 Expected return on plan assets (12) (8) (36) (26) Amortization of actuarial loss 7 4 21 12 Amortization of prior service credit (1) (19) (3) (55) Curtailments 21 Net cost $ 40 $ 41 $ 145 $ 122 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 the first quarter of 2020, the Company remeasured the U.S. OPEB health care plans. The wage plan was remeasured due to the U.S. enactment of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) that repealed the health insurance provider fee effective in 2021. The salary plans were remeasured due to the first quarter U.S. voluntary employee-separation program (see Note 20), which resulted in a $21 million curtailment loss. The combined effect of the remeasurements was to reduce the benefit obligation by $245 million. In August 2020, a committee of the Company’s Board of Directors approved a voluntary contribution to a U.S. OPEB plan for up to $700 million. During the first nine months of 2020, the Company contributed approximately $66 million to its pension plans and $87 million to its OPEB plans. The Company presently anticipates contributing an additional $26 million to its pension plans and $648 million to its OPEB plans during the remainder of fiscal year 2020. The anticipated OPEB contributions include a voluntary $600 million to a U.S. plan, which will increase plan assets. The pension and OPEB contributions exceeding the voluntary amount primarily include direct benefit payments from Company funds.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Aug. 02, 2020
INCOME TAXES
INCOME TAXES	(9) Income Taxes The three-month effective tax rate increased from the third quarter of 2019 primarily due to unfavorable discrete adjustments related to finalizing estimated U.S. income tax on non-U.S. income from 2019, favorable discrete adjustments recorded in the third quarter of 2019, and a change in the 2020 forecasted geographic income. The nine-month effective tax rate was also higher than 2019 due to the same items, partially offset by two discrete adjustments. In January 2020, the Company changed the corporate structure of two foreign holding subsidiaries to be indirect branches of Deere & Company. The change in tax status generated a capital loss that was carried back in the Company’s U.S. income tax return resulting in a $43 million benefit. In addition, a discrete benefit of $35 million was recognized in 2020 for the excess tax benefits related to vesting or exercise of share-based compensation awards. The Company’s unrecognized tax benefits at August 2, 2020, November 3, 2019, and July 28, 2019 were $657 million, $553 million, and $630 million. The liability at August 2, 2020, November 3, 2019, and July 28, 2019 consisted of approximately $141 million, $153 million, and $274 million, respectively, which would affect the effective tax rate if the tax benefits were recognized. The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing. The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next 12 months would not be significant.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
SEGMENT REPORTING	Aug. 02, 2020
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 August 2 July 28 % August 2 July 28 % 2020 2019 Change 2020 2019 Change Net sales and revenues: Agriculture and turf $ 5,672 $ 5,946 -5 $ 16,127 $ 17,909 -10 Construction and forestry 2,187 3,023 -28 6,485 8,273 -22 Total net sales 7,859 8,969 -12 22,612 26,182 -14 Financial services 892 910 -2 2,699 2,650 +2 Other revenues 174 157 +11 498 530 -6 Total net sales and revenues $ 8,925 $ 10,036 -11 $ 25,809 $ 29,362 -12 Operating profit: * Agriculture and turf $ 942 $ 612 +54 $ 2,109 $ 1,978 +7 Construction and forestry 205 378 -46 394 954 -59 Financial services 243 204 +19 498 566 -12 Total operating profit 1,390 1,194 +16 3,001 3,498 -14 Reconciling items ** (122) (74) +65 (256) (218) +17 Income taxes (457) (221) +107 (752) (748) +1 Net income attributable to Deere & Company $ 811 $ 899 -10 $ 1,993 $ 2,532 -21 Intersegment sales and revenues: Agriculture and turf net sales $ 5 $ 9 -44 $ 20 $ 27 -26 Construction and forestry net sales 1 Financial services 59 93 -37 218 261 -16 Equipment operations outside the U.S. and Canada: Net sales $ 3,557 $ 4,026 -12 $ 9,563 $ 10,985 -13 Operating profit 524 430 +22 932 1,088 -14 August 2 November 3 2020 2019 Identifiable assets: Agriculture and turf $ 10,124 $ 10,379 -2 Construction and forestry 9,105 9,387 -3 Financial services 48,869 48,483 +1 Corporate 9,166 4,762 +92 Total assets $ 77,264 $ 73,011 +6 * ** Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES

FINANCING RECEIVABLES	9 Months Ended
FINANCING RECEIVABLES	Aug. 02, 2020
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. The Company ceases accruing finance income when these receivables are generally 90 days delinquent. 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. Due to the significant, negative effects of COVID on dealers and retail customers, the Company provided short-term payment relief to dealers and retail customers on financing receivables, which includes retail notes, wholesale notes, revolving charge accounts, and sales-type and direct financing leases. The relief was provided in regional programs and case-by-case situations with customers that were generally current in their payment obligations. This relief generally included payment deferrals or reduced financing rates of three months or less. The balance of financing receivables granted relief was approximately 5 percent of the total financing receivable balance at August 2, 2020. The delinquency status of receivables granted relief is based on the modified payment schedule. An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows: August 2, 2020 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 131 $ 63 $ 2 $ 196 Construction and forestry 65 22 12 99 Other: Agriculture and turf 37 17 2 56 Construction and forestry 28 19 47 Total $ 261 $ 121 $ 16 $ 398 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 196 $ 306 $ 19,255 $ 19,757 Construction and forestry 99 102 3,748 3,949 Other: Agriculture and turf 56 81 8,161 8,298 Construction and forestry 47 40 1,392 1,479 Total $ 398 $ 529 $ 32,556 33,483 Less allowance for credit losses 200 Total financing receivables – net $ 33,283 November 3, 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 $ 138 $ 73 $ 1 $ 212 Construction and forestry 79 29 4 112 Other: Agriculture and turf 39 19 1 59 Construction and forestry 26 7 33 Total $ 282 $ 128 $ 6 $ 416 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 212 $ 268 $ 18,931 $ 19,411 Construction and forestry 112 127 3,450 3,689 Other: Agriculture and turf 59 28 8,986 9,073 Construction and forestry 33 26 1,496 1,555 Total $ 416 $ 449 $ 32,863 33,728 Less allowance for credit losses 150 Total financing receivables – net $ 33,578 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 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 August 2, 2020 Allowance: Beginning of period balance $ 119 $ 43 $ 33 $ 195 Provision (credit) 5 14 (1) 18 Write-offs (7) (22) (2) (31) Recoveries 6 8 1 15 Translation adjustments 2 1 3 End of period balance * $ 125 $ 43 $ 32 $ 200 Nine Months Ended August 2, 2020 Allowance: Beginning of period balance $ 89 $ 40 $ 21 $ 150 Provision 79 32 13 124 Write-offs (47) (51) (6) (104) Recoveries 10 22 2 34 Translation adjustments (6) 2 (4) End of period balance * $ 125 $ 43 $ 32 $ 200 Financing receivables: End of period balance $ 23,706 $ 3,997 $ 5,780 $ 33,483 Balance individually evaluated ** $ 160 $ 1 $ 67 $ 228 * Individual allowances were not significant. ** Remainder is collectively evaluated. The negative economic effects related to COVID and other macroeconomic issues have significantly affected certain retail borrowers, particularly of construction equipment. As a result, the allowance for credit losses increased $50 million in the first nine months of 2020 reflecting estimated credit losses inherent in the financing receivables. 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 * ** 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 August 2, 2020* Receivables with specific allowance * $ 92 $ 91 $ 23 $ 106 Receivables without a specific allowance 36 33 38 Total $ 128 $ 124 $ 23 $ 144 Agriculture and turf $ 106 $ 103 $ 17 $ 117 Construction and forestry $ 22 $ 21 $ 6 $ 27 November 3, 2019* Receivables with specific allowance $ 40 $ 39 $ 13 $ 40 Receivables without a specific allowance 32 31 37 Total $ 72 $ 70 $ 13 $ 77 Agriculture and turf $ 49 $ 48 $ 8 $ 52 Construction and forestry $ 23 $ 22 $ 5 $ 25 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 * * Primarily retail notes and wholesale receivables. A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first nine months of 2020, the Company identified 413 receivable contracts, primarily wholesale receivables in Argentina, as troubled debt restructurings with aggregate balances of $99 million pre-modification and $88 million post-modification. The short-term payment relief related to COVID, mentioned earlier, did not meet the definition of a troubled debt restructuring. During the first nine months of 2019, there were 416 financing receivable contracts, primarily retail notes, identified as troubled debt restructurings with aggregate balances of $34 million pre-modification and $33 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At August 2, 2020, the Company had commitments to lend approximately $16 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	Aug. 02, 2020
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 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 $3,342 million, $2,895 million, and $3,425 million at August 2, 2020, November 3, 2019, and July 28, 2019, respectively. The liabilities (short-term securitization borrowings and accrued interest) of these SPEs totaled $3,259 million, $2,847 million, and $3,316 million at August 2, 2020, November 3, 2019, and July 28, 2019, 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 $680 million, $491 million, and $587 million at August 2, 2020, November 3, 2019, and July 28, 2019, respectively. The liabilities (short-term securitization borrowings and accrued interest) were $643 million, $465 million, and $546 million at August 2, 2020, November 3, 2019, and July 28, 2019, 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 $1,551 million, $1,079 million, and $1,286 million at August 2, 2020, November 3, 2019, and July 28, 2019, respectively. The liabilities (short-term securitization borrowings and accrued interest) related to these conduits were $1,463 million, $1,015 million, and $1,190 million at August 2, 2020, November 3, 2019, and July 28, 2019, 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: August 2 2020 Carrying value of liabilities $ 1,463 Maximum exposure to loss 1,551 The total assets of unconsolidated VIEs related to securitizations were approximately $41 billion at August 2, 2020. The components of consolidated restricted assets related to secured borrowings in securitization transactions follow in millions of dollars: August 2 November 3 July 28 2020 2019 2019 Financing receivables securitized (retail notes) $ 5,484 $ 4,395 $ 5,214 Allowance for credit losses (15) (12) (14) Other assets 104 82 98 Total restricted securitized assets $ 5,573 $ 4,465 $ 5,298 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: August 2 November 3 July 28 2020 2019 2019 Short-term securitization borrowings $ 5,361 $ 4,321 $ 5,048 Accrued interest on borrowings 4 6 4 Total liabilities related to restricted securitized assets $ 5,365 $ 4,327 $ 5,052 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 August 2, 2020, the maximum remaining term of all securitized retail notes was approximately seven years.

INVENTORIES

INVENTORIES	9 Months Ended
INVENTORIES	Aug. 02, 2020
INVENTORIES
INVENTORIES	(13) Inventories Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method. If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows: August 2 November 3 July 28 2020 2019 2019 Raw materials and supplies $ 2,101 $ 2,285 $ 2,365 Work-in-process 696 747 815 Finished goods and parts 4,427 4,613 5,345 Total FIFO value 7,224 7,645 8,525 Less adjustment to LIFO value 1,574 1,670 1,778 Inventories $ 5,650 $ 5,975 $ 6,747

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS-NET	Aug. 02, 2020
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 28, 2018 $ 583 $ 2,518 $ 3,101 Translation adjustments and other (1) (87) (88) Goodwill at July 28, 2019 $ 582 $ 2,431 $ 3,013 Goodwill at November 3, 2019 $ 574 $ 2,343 $ 2,917 Translation adjustments and other 2 65 67 Goodwill at August 2, 2020 $ 576 $ 2,408 $ 2,984 There were no accumulated impairment losses in the reported periods. The components of other intangible assets were as follows in millions of dollars: August 2 November 3 July 28 2020 2019 2019 Amortized intangible assets: Customer lists and relationships $ 515 $ 511 $ 525 Technology, patents, trademarks, and other 1,021 1,028 1,057 Total at cost 1,536 1,539 1,582 Less accumulated amortization * 358 282 261 Total 1,178 1,257 1,321 Unamortized intangible assets: In-process research and development 123 123 123 Other intangible assets – net $ 1,301 $ 1,380 $ 1,444 * The amortization of other intangible assets in the third quarter and the first nine months of 2020 was $26 million and $76 million and for 2019 was $27 million and $82 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2020 – $25, 2021 – $101, 2022 – $100, 2023 – $99, 2024 – $96, and 2025 –$95. As outlined in the 2019 Form 10-K, goodwill is tested for impairment annually and when events or circumstances change such that it is more likely than not that the fair value of a reporting unit is reduced below its carrying value. The annual measurement date is the end of the third quarter. In the second and third quarters of 2020, for each significant reporting unit the Company reviewed previous fair value analyses considering the uncertain and unknown economic effects of COVID. The Company concluded that an impairment was not required. The intangible assets subject to amortization were also considered to determine if the carrying amount may not be recoverable. Except as identified in Note 20, the Company concluded the carrying amount would be recovered based on current estimates. These positions will be evaluated in future quarters, as necessary.

LEASES

LEASES	9 Months Ended
LEASES	Aug. 02, 2020
LEASES
LEASES	(15) Leases The Company is both a lessee and a lessor. The Company leases for its own use, under leases with expected use periods generally ranging from less than one year to 20 years, primarily warehouse facilities, office space, production equipment, information technology equipment, and vehicles. The Company’s financial services segment leases to users equipment produced or sold by the Company, and a limited amount of other equipment. These leases are usually written for periods of less than one year to seven years. The Company determines if an arrangement is or contains a lease at the contract inception. Lessee The Company recognizes on the balance sheet a lease liability and a right of use asset for leases with a term greater than 12 months for both operating and finance leases. The amounts of the lease liability and right of use asset are determined at lease commencement and are based on the present value of the lease payments over the lease term. The lease payments are discounted using the Company’s incremental borrowing rate since the rate implicit in the lease is generally not readily determinable. The Company determines the incremental borrowing rate for each lease based primarily on the lease term and the economic environment of the country where the asset will be used, adjusted as if the borrowings were collateralized. Leases with contractual periods greater than 12 months and that do not meet the finance lease criteria are classified as operating leases. Certain real estate leases contain one or more options to terminate or renew, with terms that can generally extend the lease term from one The Company has elected to combine lease and nonlease components, such as maintenance and utilities costs included in a lease contract, for all asset classes. Leases with an initial term of 12 months or less are expensed on a straight-line basis over the lease term and recorded in short-term lease expense. Variable lease expense primarily includes warehouse facilities leases with payments based on utilization exceeding contractual minimum amounts and leases with payments indexed to inflation when the index changes after lease commencement. The lease expense by type consisted of the following in millions of dollars: Three Months Ended Nine Months Ended August 2, 2020 August 2, 2020 Operating lease expense $ 29 $ 92 Short-term lease expense 8 18 Variable lease expense 8 28 Finance lease: Depreciation expense 3 10 Interest on lease liabilities 1 2 Total lease expense $ 49 $ 150 Operating and finance lease right of use assets and liabilities follow in millions of dollars: August 2, 2020 Operating leases: Other assets $ 341 Accounts payable and accrued expenses 318 Finance leases: Property and equipment - net $ 56 Short-term borrowings $ 18 Long-term borrowings 33 Total finance lease liabilities $ 51 The weighted-average remaining lease term in years and discount rates follows: August 2, 2020 Weighted-average remaining lease terms: Operating leases 7 Finance leases 3 Weighted-average discount rate: Operating leases 2.2% Finance leases 2.4% Lease payment amounts in each of the next five years at August 2, 2020 follow in millions of dollars: Operating Finance Due in: Leases Leases Remainder of 2020 $ 30 $ 5 2021 83 18 2022 71 15 2023 50 10 2024 39 3 2025 22 1 Later years 43 2 Total lease payments 338 54 Less imputed interest 20 3 Total lease liabilities $ 318 $ 51 Future minimum lease payments under the previous lease standard for operating and capital leases at November 3, 2019 follow in millions of dollars: Operating Capital Due in: Leases Leases 2020 $ 111 $ 12 2021 77 10 2022 56 6 2023 39 2 2024 28 1 Later years 26 1 Total minimum lease payments $ 337 $ 32 Cash paid for amounts included in the measurement of lease liabilities: Nine Months Ended August 2, 2020 Operating cash flows from operating leases $ 92 Operating cash flows from finance leases 2 Financing cash flows from finance leases 16 Right of use assets obtained in exchange for lease liabilities: Nine Months Ended August 2, 2020 Operating leases $ 27 Finance leases 37 Lessor The Company leases equipment manufactured or sold by the Company and a limited amount of non-Deere equipment to retail customers through sales-type, direct financing, and operating leases. Sales-type and direct financing leases are reported in “Financing receivables - net” on the consolidated balance sheet. Operating leases are reported in “Equipment on operating leases - net” on the consolidated balance sheet. Leases offered by the Company may include early termination and renewal options. At the end of a lease, the lessee generally has the option to purchase the underlying equipment for a fixed price or return it to the dealer. If the equipment is returned to the dealer, the dealer also has the option to purchase the equipment or return it to the Company for remarketing. The Company estimates the residual values for operating leases at lease inception based on several factors, including lease term, expected hours of usage, historical wholesale sale prices, return experience, intended use of the equipment, market dynamics and trends, and dealer residual guarantees. The Company reviews residual value estimates during the lease term and tests the carrying value of its operating lease assets for impairment when events or circumstances necessitate. The depreciation is adjusted on a straight-line basis over the remaining lease term if residual value estimates decline. Lease agreements include usage limits and specifications on machine condition, which allow the Company to assess lessees for excess use or damages to the underlying equipment. In the second quarter of 2020, the Company recorded impairment losses on operating leases of $22 million due to higher expected equipment return rates and lower estimated values of used construction equipment. Operating lease impairments are recorded in “Other operating expenses.” The Company has elected to combine lease and nonlease components. The nonlease components primarily relate to preventative maintenance and extended warranty agreements financed by the retail customer. The Company has also elected to report consideration related to sales and value added taxes net of the related tax expense. Property taxes on leased assets are recorded on a gross basis in “Finance and interest income” and “Other operating expenses” on the statement of consolidated income. Variable lease revenues primarily relate to property taxes on leased assets in certain markets and late fees. Due to the significant, negative effects of COVID, the Company provided short-term relief to lessees during the second and third quarters of 2020. The relief, which included payment deferrals of three months or less, was provided in regional programs and on a case-by-case basis and primarily related to construction accounts. The operating leases granted relief represented approximately 4 percent of the Company’s operating lease portfolio at August 2, 2020. See Note 11 for sales-type and direct financing leases provided payment relief. Lease revenues earned by the Company were as follows in millions of dollars: Three Months Ended Nine Months Ended August 2, 2020 August 2, 2020 Sales-type and direct financing lease revenues $ 33 $ 101 Operating lease revenues 361 1,104 Variable lease revenues 6 17 Total lease revenues $ 400 $ 1,222 At the time of accepting a lease that qualifies as a sales-type or direct financing lease, the Company records the gross amount of lease payments receivable, estimated residual value of the leased equipment, and unearned finance income. The unearned finance income is recognized as revenue over the lease term using the interest method. Sales-type and direct financing lease receivables by product category were as follows in millions of dollars: August 2 November 3 2020 2019 Agriculture and turf $ 902 $ 897 Construction and forestry 979 1,033 Total 1,881 1,930 Guaranteed residual values 238 232 Unguaranteed residual values 80 101 Less unearned finance income 223 212 Financing leases receivables $ 1,976 $ 2,051 Scheduled payments, including guaranteed residual values, on sales-type and direct financing lease receivables at August 2, 2020 follow in millions of dollars: August 2 Due in: 2020 Remainder of 2020 $ 296 2021 850 2022 488 2023 281 2024 146 2025 46 Later years 12 Total $ 2,119 Scheduled payments on financing lease receivables under the previous lease standard at November 3, 2019 follow in millions of dollars: November 3 Due in: 2019 2020 $ 833 2021 557 2022 321 2023 153 2024 53 Later years 13 Total $ 1,930 Lease payments from operating leases are recorded as income on a straight-line method over the lease terms. Operating lease assets are recorded at cost and depreciated to their estimated residual value on a straight-line method over the terms of the leases. The cost of equipment on operating leases by product category was as follows in millions of dollars: August 2 November 3 2020 2019 Agriculture and turf $ 7,162 $ 7,257 Construction and forestry 2,013 2,165 Total 9,175 9,422 Less accumulated depreciation 2,017 1,855 Equipment on operating leases - net $ 7,158 $ 7,567 The total operating lease residual values at August 2, 2020 and November 3, 2019 were $5,167 million and $5,259 million, respectively. Certain operating leases are subject to residual value guarantees. The total residual value guarantees were $691 million and $647 million at August 2, 2020 and November 3, 2019, respectively. Lease payments for equipment on operating leases at August 2, 2020 were scheduled as follows in millions of dollars: August 2 Due in: 2020 Remainder of 2020 $ 300 2021 993 2022 633 2023 324 2024 140 2025 15 Total $ 2,405 Rental payments for equipment on operating leases under the previous lease standard at November 3, 2019 were scheduled as follows in millions of dollars: November 3 Due in: 2019 2020 $ 1,086 2021 759 2022 419 2023 193 2024 41 Total $ 2,498 The Company discusses with lessees and dealers options to purchase the equipment or extend the lease prior to lease maturity. Equipment returned to the Company upon termination of leases is remarketed by the Company. The matured operating lease inventory balances at August 2, 2020 and November 3, 2019 were $106 million and $163 million, respectively. In the second quarter of 2020, the Company recorded impairment losses on matured operating lease inventory of $10 million due to lower estimated values of used construction equipment. Impairment losses on matured operating lease inventory are included in “Other operating expenses.”

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Aug. 02, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	(16) 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 $621 million and $542 million at August 2, 2020 and July 28, 2019, respectively. A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Beginning of period balance $ 1,767 $ 1,714 $ 1,800 $ 1,652 Payments (250) (252) (703) (714) Amortization of premiums received (58) (57) (168) (168) Accruals for warranties 177 263 609 772 Premiums received 68 75 202 209 Foreign exchange 27 3 (9) (5) End of period balance $ 1,731 $ 1,746 $ 1,731 $ 1,746 At August 2, 2020, the Company had approximately $343 million of guarantees issued primarily to banks outside the U.S. and Canada related to third-party receivables for the retail financing of John Deere equipment. The Company may recover a portion of any required payments incurred under these agreements from repossession of the equipment collateralizing the receivables. At August 2, 2020, the Company had accrued losses of approximately $14 million under these agreements. The maximum remaining term of the receivables guaranteed at August 2, 2020 was approximately six years. At August 2, 2020, the Company had commitments of approximately $257 million for the construction and acquisition of property and equipment. Also, at August 2, 2020, the Company had restricted assets of $67 million, primarily as collateral for borrowings and restricted 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 $50 million at August 2, 2020. The accrued liability for these contingencies was not material at August 2, 2020. 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	Aug. 02, 2020
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(17) 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: August 2, 2020 November 3, 2019 July 28, 2019 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 111 $ 102 $ 65 $ 61 $ 100 $ 93 Financial services 27,703 27,929 29,130 29,106 26,949 26,921 Total $ 27,814 $ 28,031 $ 29,195 $ 29,167 $ 27,049 $ 27,014 Financing receivables securitized – net: Equipment operations $ 37 $ 34 $ 44 $ 43 $ 54 $ 52 Financial services 5,432 5,544 4,339 4,362 5,146 5,154 Total $ 5,469 $ 5,578 $ 4,383 $ 4,405 $ 5,200 $ 5,206 Short-term Equipment operations $ 37 $ 37 $ 44 $ 45 $ 53 $ 54 Financial services 5,324 5,381 4,277 4,302 4,995 5,017 Total $ 5,361 $ 5,418 $ 4,321 $ 4,347 $ 5,048 $ 5,071 Long-term borrowings due within one year: Equipment operations $ 507 $ 504 $ 642 $ 645 $ 1,009 $ 1,013 Financial services 6,114 6,168 6,786 6,788 6,922 6,914 Total $ 6,621 $ 6,672 $ 7,428 $ 7,433 $ 7,931 $ 7,927 Long-term borrowings: Equipment operations $ 10,184 $ 12,163 $ 5,415 $ 6,138 $ 5,364 $ 6,017 Financial services 23,820 24,464 24,814 25,122 23,878 24,143 Total $ 34,004 $ 36,627 $ 30,229 $ 31,260 $ 29,242 $ 30,160 * ** Carrying values exclude finance lease liabilities that are presented as borrowings beginning in 2020 (see Notes 3 and 15). 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: August 2 November 3 July 28 2020 2019 2019 Level 1: Marketable securities International equity securities $ 2 Equity fund * 68 $ 59 $ 59 U.S. government debt securities 50 50 49 Total Level 1 marketable securities 120 109 108 Level 2: Marketable securities U.S. government debt securities 105 81 73 Municipal debt securities 64 60 57 Corporate debt securities 185 165 156 International debt securities 2 5 9 Mortgage-backed securities ** 159 160 158 Total Level 2 marketable securities 515 471 453 Other assets Derivatives: Interest rate contracts 895 363 265 Foreign exchange contracts 57 20 53 Cross-currency interest rate contracts 9 1 2 Total Level 2 other assets 961 384 320 Accounts payable and accrued expenses Derivatives: Interest rate contracts 115 65 99 Foreign exchange contracts 55 71 45 Cross-currency interest rate contracts 3 2 Total Level 2 accounts payable and accrued expenses 170 139 146 Level 3: Marketable securities International debt securities 5 1 4 * During the third quarter of 2020 and 2019, net unrealized gains on equity securities of $10 million and $1 million, respectively, were recorded in “Other income.” During the first nine months of 2020 and 2019, net unrealized gains on equity securities were $8 million and $7 million, respectively. The contractual maturities of debt securities at August 2, 2020 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 $ 27 $ 24 Due after one through five years 89 95 Due after five through 10 years 102 114 Due after 10 years 160 178 Mortgage-backed securities 150 159 Debt securities $ 528 $ 570 Fair value, recurring Level 3 measurements from available-for-sale marketable securities in millions of dollars follow: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Beginning of period balance $ 1 $ 4 $ 1 $ 8 Purchases 5 5 Principal payments (1) (1) (5) Other 1 End of period balance $ 5 $ 4 $ 5 $ 4 Fair value, nonrecurring measurements from impairments in millions of dollars follow: Fair Value Losses * Three Months Ended Nine Months Ended August 2 November 3 July 28 August 2 July 28 August 2 July 28 2020 2019 2019 2020 2019 2020 2019 Other receivables $ 1 $ 2 $ 2 Equipment on operating leases – net $ 855 $ 22 Property and equipment – net $ 8 $ 5 $ 67 Investments in unconsolidated affiliates $ 20 Other intangible assets – net $ 2 $ 2 Other assets $ 19 $ 142 $ 24 $ 34 * 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. Other Receivables – The impairment was based on the expected realization of value-added tax receivables related to a closed factory operation (see Note 20). Equipment on Operating Leases – Net – The impairments are based on an income approach (discounted cash flow), using the contractual payments, plus estimates of return rates and equipment sale price at lease maturity. Inputs include historic return rates and realized sales values (see Note 20). Property and Equipment – Net – The impairments are measured at the lower of the carrying amount, or fair value. The valuations were based on a cost approach. The inputs include replacement cost estimates adjusted for physical deterioration and economic obsolescence (see Note 20). Investment in Unconsolidated Affiliates – Other than temporary impairments for investments measured as the difference between the implied fair value and the carrying value of the investments. The fair value for publicly traded entities is the share price multiplied by the shares owned (see Note 20). Other Intangible Assets – Net – The impairment was measured at the remaining net book value of customer relationships related to a closed factory operation (see Note 20). Other Assets – The impairments of matured operating lease inventory are measured at the fair value of that inventory. The valuations were based on a market approach. The inputs include sales of comparable assets (see Note 20). The impairment of the German lawn mower business recorded in other assets was measured at the realizable value. Fair value was based on the probable sale price. The inputs included estimates of the final sale price (see Note 20).

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
DERIVATIVE INSTRUMENTS	Aug. 02, 2020
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	(18) Derivative Instruments It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The Company’s financial services operations manage the relationship of the types and amounts of their funding sources to their receivable and lease portfolio in an effort to diminish risk due to interest rate and foreign currency fluctuations, while responding to favorable financing opportunities. The Company also has foreign currency exposures at some of its foreign and domestic operations related to buying, selling, and financing in currencies other than the functional currencies. In addition, the Company has interest rate exposure at certain equipment operations units for below market retail financing programs that are used as sales incentives and are offered for extended periods. All derivatives are recorded at fair value on the balance sheet. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated. All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness. If and when a derivative is determined not to be highly effective as a hedge, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued. Cash Flow Hedges Certain 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 August 2, 2020, November 3, 2019, and July 28, 2019 were $1,900 million, $3,150 million, and $2,750 million, respectively. Fair value gains or losses on cash flow hedges were recorded in OCI and are subsequently reclassified into interest expense in the same periods during which the hedged transactions affected earnings. These amounts offset the effects of interest 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 August 2, 2020 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 $14 million after-tax. No gains or losses were 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 August 2, 2020, November 3, 2019, and July 28, 2019 were $8,850 million, $8,717 million, and $9,245 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 Hedged Item Relationships Relationships Total August 2, 2020 Long-term borrowings due within one year* $ 480 $ 6 $ 2 $ 8 Long-term borrowings 9,140 754 40 794 November 3, 2019 Long-term borrowings due within one year* $ 412 $ (1) $ (4) $ (5) Long-term borrowings 8,532 295 (32) 263 July 28, 2019 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), 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 August 2, 2020, November 3, 2019, and July 28, 2019 were $7,522 million, $9,166 million, and $7,607 million, the foreign exchange contracts were $4,790 million, $4,962 million, and $6,362 million, and the cross-currency interest rate contracts were $125 million, $92 million, and $90 million, respectively. The fair value gains or losses from the interest rate contracts were recognized currently in interest expense and the gains or losses from foreign exchange contracts in cost of sales or other operating expenses, generally offsetting over time the expenses on the exposures being hedged. The cash flows from these non-designated contracts were recorded in operating activities in the statement of consolidated cash flows. Fair values of derivative instruments in the condensed consolidated balance sheet in millions of dollars follow: August 2 November 3 July 28 Other Assets 2020 2019 2019 Designated as hedging instruments: Interest rate contracts $ 806 $ 332 $ 232 Total designated 806 332 232 Not designated as hedging instruments: Interest rate contracts 89 31 33 Foreign exchange contracts 57 20 53 Cross-currency interest rate contracts 9 1 2 Total not designated 155 52 88 Total derivative assets $ 961 $ 384 $ 320 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 24 $ 28 $ 55 Total designated 24 28 55 Not designated as hedging instruments: Interest rate contracts 91 37 44 Foreign exchange contracts 55 71 45 Cross-currency interest rate contracts 3 2 Total not designated 146 111 91 Total derivative liabilities $ 170 $ 139 $ 146 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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Fair Value Hedges: Interest rate contracts - Interest expense $ 78 $ 193 $ 589 $ 468 Cash Flow Hedges Recognized in OCI Interest rate contracts - OCI (pretax) (1) (27) (18) (42) Reclassified from OCI Interest rate contracts - Interest expense (7) 1 (13) 6 Not Designated as Hedges: Interest rate contracts - Net sales $ (2) $ (6) $ (26) $ (23) Interest rate contracts - Interest expense * (1) (7) 2 (25) Foreign exchange contracts - Cost of sales (28) (8) 64 (1) Foreign exchange contracts - Other operating * (49) (12) 125 88 Total not designated $ (80) $ (33) $ 165 $ 39 * 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. Some of these agreements include credit support provisions. Each master agreement permits the net settlement of amounts owed in the event of default or termination. Certain of the Company’s derivative agreements contain credit support provisions that may require the Company to post or receive collateral based on the size of the net liability or net asset positions, credit ratings, and market conventions. The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at August 2, 2020, November 3, 2019, and July 28, 2019, was $115 million, $68 million, and $101 million, respectively. Based on net asset positions and in accordance with the limits established in these agreements, the Company received $332 million in cash collateral at August 2, 2020. No cash collateral was posted or received at November 3, 2019 or July 28, 2019 . In addition, the Company paid $8 million of collateral that was outstanding at August 2, 2020 to participate in an international futures market to hedge currency exposure, which is not included in the table below. 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 August 2, 2020 Recognized Arrangements Received Net Amount Assets $ 961 $ (120) $ (332) $ 509 Liabilities 170 (120) 50 Gross Amounts Netting Collateral November 3, 2019 Recognized Arrangements Received Net Amount Assets $ 384 $ (70) $ 314 Liabilities 139 (70) 69 Gross Amounts Netting Collateral July 28, 2019 Recognized Arrangements Received Net Amount Assets $ 320 $ (70) $ 250 Liabilities 146 (70) 76

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK AWARDS	9 Months Ended
STOCK OPTION AND RESTRICTED STOCK AWARDS	Aug. 02, 2020
STOCK OPTION AND RESTRICTED STOCK AWARDS
STOCK OPTION AND RESTRICTED STOCK AWARDS	(19) Stock Option and Restricted Stock Awards In December 2019, the Company granted stock options to employees for the purchase of 495 thousand shares of common stock at an exercise price of $169.70 per share and a binomial lattice model fair value of $35.83 per share at the grant date. At August 2, 2020, options for 6.1 million shares were outstanding with a weighted-average exercise price of $100.84 per share. The Company also granted 362 thousand restricted stock units to employees and nonemployee directors in the first nine months of 2020, of which 295 thousand are subject to service based only conditions and 67 thousand are subject to performance/service based conditions. The weighted-average fair value of the service based only units at the grant date was $168.73 per unit based on the market price of a share of underlying common stock. The fair value of the performance/service based units at the grant date was $160.81 per unit based on the market price of a share of underlying common stock excluding dividends. At August 2, 2020, the Company was authorized to grant an additional 18.5 million shares related to stock option and restricted stock awards.

SPECIAL ITEMS

SPECIAL ITEMS	9 Months Ended
SPECIAL ITEMS	Aug. 02, 2020
SPECIAL ITEMS
SPECIAL ITEMS	(20) S pecial Items Employee-Separation Programs During the first quarter of 2020, the Company announced a broad voluntary employee-separation program for the U.S. salaried workforce that continues the efforts to create a more efficient organization structure and reduce operating costs. The program provided for cash payments based on years of service. The expense was recorded primarily in the period in which the employees irrevocably accepted the separation offer. The program’s total pretax expenses were approximately $138 million with the final $2 million recorded in the third quarter. The payments for the program were also substantially made in the first quarter of 2020. Included in the total pretax expense is a non-cash charge of $21 million resulting from a curtailment in certain OPEB plans (see Note 8), which was recorded outside of operating profit in “ Other operating expense. ” The first nine months of 2020 expenses that are included in operating profit of $115 million are allocated 36 percent “Cost of sales,” 16 percent “Research and development,” and 48 percent “Selling, administrative and general.” In addition, the expenses are allocated 74 percent to the agriculture and turf operations, 23 percent to the construction and forestry operations, and 3 percent to the financial services operations. Annual savings from these programs are estimated to be approximately $85 million with about $65 million in 2020. During the third and early fourth quarter of 2020, the Company announced additional employee-separation programs as part of an initiative to improve organizational efficiency. The programs will provide for cash payments based on years of service. The expenses will generally be recorded in the period the employees irrevocably accept the separation offer, which is expected to be primarily in the fourth quarter of 2020. The programs’ total pretax expenses are estimated to be about $175 million with annual savings of about $175 million. Impairments and Other Charges In the second quarter of 2020, the Company recorded non-cash impairment charges as outlined below. The fixed assets in an asphalt plant factory in Germany were impaired by $62 million pretax and after-tax The equipment on operating leases and matured operating lease inventory recorded in “Other assets” were impaired by $22 million and $10 million pretax, respectively, with an income tax benefit of approximately $9 million. The impairments were the result of higher expected equipment return rates and lower estimated values of used construction equipment than originally estimated with the probable effect that the future cash flows will not cover the carrying amount of the net assets. The assets are included in the financial services operations with the impairments recorded in “Other operating expenses.” A minority investment in a construction equipment company headquartered in South Africa was impaired by $20 million pretax and after-tax In the third quarter of 2020, the Company recorded impairment and other charges as outlined below. The Company reached a definitive agreement to sell its German walk-behind lawn mower business in the third quarter of 2020, which is expected to close in the fourth quarter. As a result, a non-cash charge of $24 million pretax and after-tax The Company closed a factory producing small agricultural equipment in China at the end of the third quarter. In connection with this closure, a non-cash impairment of other receivables, property, and intangible assets of $9 million pretax and after-tax after-tax Redeemable Noncontrolling Interest In the second quarter of 2020, the minority interest holder in Hagie Manufacturing Company, LLC exercised its right to sell the remaining 20 percent interest to the Company for $14 million. The arrangement was accounted for as an equity transaction with no gain or loss recorded in the statement of consolidated income. This operation is included in the Company’s agriculture and turf segment.

SUPPLEMENTAL CONSOLIDATING DATA

SUPPLEMENTAL CONSOLIDATING DATA	9 Months Ended
SUPPLEMENTAL CONSOLIDATING DATA	Aug. 02, 2020
SUPPLEMENTAL CONSOLIDATING DATA
SUPPLEMENTAL CONSOLIDATING DATA	(21) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Net Sales and Revenues Net sales $ 7,859 $ 8,969 Finance and interest income 25 30 $ 878 $ 952 Other income 206 185 73 51 Total 8,090 9,184 951 1,003 Costs and Expenses Cost of sales 5,836 6,871 Research and development expenses 370 431 Selling, administrative and general expenses 616 751 137 147 Interest expense 91 67 206 311 Interest compensation to Financial Services 58 93 Other operating expenses 94 64 363 339 Total 7,065 8,277 706 797 Income of Consolidated Group before Income Taxes 1,025 907 245 206 Provision for income taxes 395 190 62 31 Income of Consolidated Group 630 717 183 175 Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates Financial Services 183 175 Other (2) 7 Total 181 182 Net Income 811 899 183 175 Less: Net income attributable to noncontrolling interests Net Income Attributable to Deere & Company $ 811 $ 899 $ 183 $ 175 * 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 August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Net Sales and Revenues Net sales $ 22,612 $ 26,182 Finance and interest income 75 79 $ 2,720 $ 2,727 Other income 597 614 196 184 Total 23,284 26,875 2,916 2,911 Costs and Expenses Cost of sales 17,208 20,058 Research and development expenses 1,201 1,295 Selling, administrative and general expenses 1,989 2,191 483 422 Interest expense 237 182 747 910 Interest compensation to Financial Services 195 254 Other operating expenses 186 203 1,187 1,008 Total 21,016 24,183 2,417 2,340 Income of Consolidated Group before Income Taxes 2,268 2,692 499 571 Provision for income taxes 632 625 120 123 Income of Consolidated Group 1,636 2,067 379 448 Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates Financial Services 381 450 2 2 Other (22) 18 Total 359 468 2 2 Net Income 1,995 2,535 381 450 Less: Net income attributable to noncontrolling interests 2 3 Net Income Attributable to Deere & Company $ 1,993 $ 2,532 $ 381 $ 450 * 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 August 2 November 3 July 28 August 2 November 3 July 28 2020 2019 2019 2020 2019 2019 Assets Cash and cash equivalents $ 7,440 $ 3,175 $ 2,694 $ 750 $ 682 $ 689 Marketable securities 8 1 5 632 580 560 Receivables from unconsolidated subsidiaries and affiliates 3,619 2,017 2,395 Trade accounts and notes receivable – net 1,251 1,482 1,606 5,595 5,153 6,807 Financing receivables – net 111 65 100 27,703 29,130 26,949 Financing receivables securitized – net 37 44 54 5,432 4,339 5,146 Other receivables 1,083 1,376 1,428 162 116 126 Equipment on operating leases – net 7,158 7,567 7,269 Inventories 5,650 5,975 6,747 Property and equipment – net 5,711 5,929 5,753 43 44 45 Investments in unconsolidated subsidiaries and affiliates 5,383 5,326 5,309 19 16 16 Goodwill 2,984 2,917 3,013 Other intangible assets – net 1,301 1,380 1,444 Retirement benefits 972 836 1,374 59 58 57 Deferred income taxes 1,865 1,896 1,579 56 57 72 Other assets 1,566 1,158 1,269 1,260 741 708 Total Assets $ 38,981 $ 33,577 $ 34,770 $ 48,869 $ 48,483 $ 48,444 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 853 $ 987 $ 1,372 $ 8,222 $ 9,797 $ 9,770 Short-term securitization borrowings 37 44 53 5,324 4,277 4,995 Payables to unconsolidated subsidiaries and affiliates 80 142 136 3,593 1,970 2,341 Accounts payable and accrued expenses 8,834 9,232 9,422 2,134 1,836 1,641 Deferred income taxes 398 414 454 468 568 616 Long-term borrowings 10,217 5,415 5,364 23,820 24,814 23,878 Retirement benefits and other liabilities 5,671 5,912 5,685 105 94 97 Total liabilities 26,090 22,146 22,486 43,666 43,356 43,338 Commitments and contingencies (Note 16) Redeemable noncontrolling interest (Note 20) 14 14 Stockholders’ Equity Common stock, $1 par value (issued shares at August 2, 2020 – 536,431,204) 4,750 4,642 4,599 2,121 2,107 2,107 Common stock in treasury (17,671) (17,474) (17,121) Retained earnings 31,128 29,852 29,369 3,498 3,378 3,338 Accumulated other comprehensive income (loss) (5,319) (5,607) (4,581) (416) (358) (339) Total Deere & Company stockholders’ equity 12,888 11,413 12,266 5,203 5,127 5,106 Noncontrolling interests 3 4 4 Total stockholders’ equity 12,891 11,417 12,270 5,203 5,127 5,106 Total Liabilities and Stockholders’ Equity $ 38,981 $ 33,577 $ 34,770 $ 48,869 $ 48,483 $ 48,444 * 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 August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Cash Flows from Operating Activities Net income $ 1,995 $ 2,535 $ 381 $ 450 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 6 1 117 57 Provision for depreciation and amortization 787 782 925 836 Impairment charges 115 32 Undistributed earnings of unconsolidated subsidiaries and affiliates (124) (62) (1) (1) Credit for deferred income taxes (57) (123) (103) (209) Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables 116 (248) Inventories 387 (670) Accounts payable and accrued expenses (567) 50 (38) 23 Accrued income taxes payable/receivable (25) (282) 29 535 Retirement benefits 77 35 11 5 Other 145 (59) 89 140 Net cash provided by operating activities 2,855 1,959 1,442 1,836 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 14,352 13,807 Proceeds from maturities and sales of marketable securities 9 70 63 Proceeds from sales of equipment on operating leases 1,310 1,171 Cost of receivables acquired (excluding trade and wholesale) (15,367) (14,597) Purchases of marketable securities (3) (91) (107) Purchases of property and equipment (591) (754) (3) (2) Cost of equipment on operating leases acquired (1,836) (2,135) Decrease (increase) in trade and wholesale receivables 423 (2,551) Collateral on derivatives – net (6) 330 59 Other (55) (64) (46) (47) Net cash used for investing activities (652) (812) (858) (4,339) Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings (32) (119) 202 (217) Change in intercompany receivables/payables (1,468) (683) 1,468 683 Proceeds from long-term borrowings 4,592 868 3,739 6,572 Payments of long-term borrowings (179) (194) (5,618) (4,162) Proceeds from issuance of common stock 111 133 Repurchases of common stock (263) (880) Dividends paid (718) (703) (260) (377) Other (86) (52) (11) (22) Net cash provided by (used for) financing activities 1,957 (1,630) (480) 2,477 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 95 (16) (15) (8) Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 4,255 (499) 89 (34) Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,196 3,202 760 813 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 7,451 $ 2,703 $ 849 $ 779 * 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
	Aug. 02, 2020
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 2020 and 2019 were August 2, 2020 and July 28, 2019, 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. The COVID-19 (COVID) pandemic has resulted in uncertainties in the Company’s business, which may result in actual outcomes differing significantly from those estimates.
Financing Receivables - Non-Performing, Policy	Past due balances of financing receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. Non-performing financing receivables represent loans for which the Company has ceased accruing finance income. The Company ceases accruing finance income when these receivables are generally 90 days delinquent. Generally, when receivables are 120 days delinquent the estimated uncollectible amount, after charging the dealer’s withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured. Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.
Troubled Debt Restructuring, Policy	A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest.
Inventory Valuation, Policy	Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method.
Lessee Lease, Policy	The Company recognizes on the balance sheet a lease liability and a right of use asset for leases with a term greater than 12 months for both operating and finance leases. The amounts of the lease liability and right of use asset are determined at lease commencement and are based on the present value of the lease payments over the lease term. The lease payments are discounted using the Company’s incremental borrowing rate since the rate implicit in the lease is generally not readily determinable. The Company determines the incremental borrowing rate for each lease based primarily on the lease term and the economic environment of the country where the asset will be used, adjusted as if the borrowings were collateralized. Leases with contractual periods greater than 12 months and that do not meet the finance lease criteria are classified as operating leases. Certain real estate leases contain one or more options to terminate or renew, with terms that can generally extend the lease term from one
Lease and Non-lease Components, Policy	The Company has elected to combine lease and nonlease components, such as maintenance and utilities costs included in a lease contract, for all asset classes.
Short-term lease, Policy	Leases with an initial term of 12 months or less are expensed on a straight-line basis over the lease term and recorded in short-term lease expense.
Lessor Leases, Policy	The Company estimates the residual values for operating leases at lease inception based on several factors, including lease term, expected hours of usage, historical wholesale sale prices, return experience, intended use of the equipment, market dynamics and trends, and dealer residual guarantees. The Company reviews residual value estimates during the lease term and tests the carrying value of its operating lease assets for impairment when events or circumstances necessitate. The depreciation is adjusted on a straight-line basis over the remaining lease term if residual value estimates decline. Lease agreements include usage limits and specifications on machine condition, which allow the Company to assess lessees for excess use or damages to the underlying equipment.
Product Warranties	The Company generally determines its total warranty liability by applying historical claims rate experience to the estimated amount of equipment that has been sold and is still under warranty based on dealer inventories and retail sales. The historical claims rate is primarily determined by a review of five-year claims costs and current quality developments.
Extended Product Warranty, Policy	The premiums for extended warranties are primarily recognized in income in proportion to the costs expected to be incurred over the contract period.
Fair Value of Financial Instruments, Policy	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To determine fair value, the Company uses various methods including market and income approaches. The Company utilizes valuation models and techniques that maximize the use of observable inputs. The models are industry-standard models that consider various assumptions including time values and yield curves as well as other economic measures. These valuation techniques are consistently applied.
Derivative Financial Instruments	It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The Company’s financial services operations manage the relationship of the types and amounts of their funding sources to their receivable and lease portfolio in an effort to diminish risk due to interest rate and foreign currency fluctuations, while responding to favorable financing opportunities. The Company also has foreign currency exposures at some of its foreign and domestic operations related to buying, selling, and financing in currencies other than the functional currencies. In addition, the Company has interest rate exposure at certain equipment operations units for below market retail financing programs that are used as sales incentives and are offered for extended periods. All derivatives are recorded at fair value on the balance sheet. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. Each derivative is designated as a cash flow hedge, a fair value hedge, or remains undesignated. All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis the hedging instrument is assessed as to its effectiveness. If and when a derivative is determined not to be highly effective as a hedge, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, hedge accounting is discontinued.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Aug. 02, 2020
CASH FLOW INFORMATION
Restricted Cash Held	The Company’s restricted cash held at August 2, 2020, November 3, 2019, July 28, 2019, and October 28, 2018 was as follows in millions of dollars: August 2 November 3 July 28 October 28 2020 2019 2019 2018 Equipment operations $ 11 $ 21 $ 9 $ 7 Financial services 99 78 90 104 Total $ 110 $ 99 $ 99 $ 111

NEW ACCOUNTING STANDARDS (Table

NEW ACCOUNTING STANDARDS (Tables)	9 Months Ended
NEW ACCOUNTING STANDARDS (Tables)	Aug. 02, 2020
NEW ACCOUNTING STANDARDS
Schedule of Affected Lines on the Consolidated Balance Sheet from Initially Applying the New Lease Guidance	In addition to the lease liabilities and right of use assets, land use rights were reclassified from “Other intangible assets - net” to “Other assets” and finance lease liabilities were reclassified from “Accounts payable and accrued expenses” to “Short-term borrowings” and “Long-term borrowings.” The effect of adopting the ASU on the consolidated balance sheet follows in millions of dollars: November 3, 2019 Cumulative Effect November 4, 2019 Assets Other intangible assets - net $ 1,380 $ (23) $ 1,357 Other assets 1,899 402 2,301 Liabilities Short-term borrowings $ 10,784 $ 11 $ 10,795 Accounts payable and accrued expenses 9,656 348 10,004 Long-term borrowings 30,229 20 30,249

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
REVENUE RECOGNITION (Tables)	Aug. 02, 2020
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 August 2, 2020 Agriculture Construction Financial Total Primary geographical markets: United States $ 2,845 $ 1,048 $ 632 $ 4,525 Canada 295 194 146 635 Western Europe 1,103 376 22 1,501 Central Europe and CIS 319 178 9 506 Latin America 602 124 51 777 Asia, Africa, Australia, New Zealand, and Middle East 631 318 32 981 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Major product lines: Large Agriculture $ 2,893 $ 2,893 Small Agriculture 2,021 2,021 Turf 651 651 Construction $ 817 817 Compact Construction 303 303 Roadbuilding 818 818 Forestry 241 241 Financial Products 24 5 $ 892 921 Other 206 54 260 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Timing of revenue recognition: Revenue recognized at a point in time $ 5,739 $ 2,210 $ 28 $ 7,977 Revenue recognized over time 56 28 864 948 Total $ 5,795 $ 2,238 $ 892 $ 8,925 Nine Months Ended August 2, 2020 Agriculture Construction Financial Total Primary geographical markets: United States $ 8,725 $ 3,331 $ 1,880 $ 13,936 Canada 699 532 453 1,684 Western Europe 2,992 1,073 66 4,131 Central Europe and CIS 877 477 27 1,381 Latin America 1,515 418 177 2,110 Asia, Africa, Australia, New Zealand, and Middle East 1,646 825 96 2,567 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 Major product lines: Large Agriculture $ 8,106 $ 8,106 Small Agriculture 5,762 5,762 Turf 1,925 1,925 Construction $ 2,535 2,535 Compact Construction 930 930 Roadbuilding 2,146 2,146 Forestry 769 769 Financial Products 72 18 $ 2,699 2,789 Other 589 258 847 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 Timing of revenue recognition: Revenue recognized at a point in time $ 16,294 $ 6,576 $ 80 $ 22,950 Revenue recognized over time 160 80 2,619 2,859 Total $ 16,454 $ 6,656 $ 2,699 $ 25,809 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, and Middle East 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 Roadbuilding 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, and Middle East 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 Roadbuilding 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)	Aug. 02, 2020
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 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) Balance November 3, 2019 $ (3,915) $ (1,651) $ (60) $ 19 $ (5,607) Other comprehensive income (loss) items before reclassification 179 (75) (14) 22 112 Amounts reclassified from accumulated other comprehensive income 159 8 10 (1) 176 Net current period other comprehensive income (loss) 338 (67) (4) 21 288 Balance August 2, 2020 $ (3,577) $ (1,718) $ (64) $ 40 $ (5,319)
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 August 2, 2020 Amount Credit Amount Cumulative translation adjustment: Unrealized gain (loss) on translation adjustment $ 321 $ 2 $ 323 Reclassification of (gain) loss to Other operating expenses 8 8 Net unrealized gain (loss) on translation adjustment 329 2 331 Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (1) (1) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense 7 (2) 5 Net unrealized gain (loss) on derivatives 6 (2) 4 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) (9) 2 (7) Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 62 (15) 47 Prior service (credit) cost 3 (1) 2 Settlements 6 (2) 4 OPEB Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 7 (2) 5 Prior service (credit) cost (1) 1 Net unrealized gain (loss) on retirement benefits adjustment 68 (17) 51 Total other comprehensive income (loss) $ 415 $ (19) $ 396 Before Tax After Tax (Expense) Tax Nine Months Ended August 2, 2020 Amount Credit Amount Cumulative translation adjustment: Unrealized gain (loss) on translation adjustment $ (77) $ 2 $ (75) Reclassification of (gain) loss to Other operating expenses 8 8 Net unrealized gain (loss) on translation adjustment (69) 2 (67) Unrealized gain (loss) on derivatives: Unrealized hedging gain (loss) (18) 4 (14) Reclassification of realized (gain) loss to: Interest rate contracts – Interest expense 13 (3) 10 Net unrealized gain (loss) on derivatives (5) 1 (4) Unrealized gain (loss) on debt securities: Unrealized holding gain (loss) 27 (5) 22 Reclassification of realized (gain) loss – Other income (1) (1) Net unrealized gain (loss) on debt securities 26 (5) 21 Retirement benefits adjustment: Pensions Net actuarial gain (loss) (36) 8 (28) Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 186 (57) 129 Prior service (credit) cost 9 (2) 7 Settlements 12 (3) 9 OPEB Net actuarial gain (loss) 274 (67) 207 Reclassification to Other operating expenses through amortization of: * Actuarial (gain) loss 21 (5) 16 Prior service (credit) cost (3) 1 (2) Net unrealized gain (loss) on retirement benefits adjustment 463 (125) 338 Total other comprehensive income (loss) $ 415 $ (127) $ 288 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 to Other operating expenses through amortization of: * Actuarial (gain) loss 35 (9) 26 Prior service (credit) cost 2 2 Settlements 1 1 OPEB Reclassification to Other operating expense through amortization of: * 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 In the third quarter of 2020 2019 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 to Other operating expenses through amortization of: * Actuarial (gain) loss 106 (26) 80 Prior service (credit) cost 8 (2) 6 Settlements 1 1 OPEB Net actuarial gain (loss) 60 (14) 46 Reclassification to Other operating expenses through amortization of: * 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) * In the first nine months of 2020 2019

DIVIDENDS DECLARED AND PAID (Ta

DIVIDENDS DECLARED AND PAID (Tables)	9 Months Ended
DIVIDENDS DECLARED AND PAID (Tables)	Aug. 02, 2020
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Dividends declared $ .76 $ .76 $ 2.28 $ 2.28 Dividends paid $ .76 $ .76 $ 2.28 $ 2.21

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Aug. 02, 2020
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Net Income Per Share	A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Net income attributable to Deere & Company $ 811 $ 899 $ 1,993 $ 2,532 Average shares outstanding 313.0 315.9 313.3 317.3 Basic per share $ 2.59 $ 2.84 $ 6.36 $ 7.98 Average shares outstanding 313.0 315.9 313.3 317.3 Effect of dilutive share-based compensation 2.8 3.9 3.1 4.2 Total potential shares outstanding 315.8 319.8 316.4 321.5 Diluted per share $ 2.57 $ 2.81 $ 6.30 $ 7.87

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	9 Months Ended
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	Aug. 02, 2020
PENSION AND OTHER POSTRETIREMENT BENEFITS
Schedule of Components of Net Periodic Pension and OPEB Cost	The worldwide components of net periodic pension cost consisted of the following in millions of dollars: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Service cost $ 80 $ 65 $ 241 $ 197 Interest cost 86 112 260 334 Expected return on plan assets (204) (200) (613) (600) Amortization of actuarial loss 62 35 186 106 Amortization of prior service cost 3 2 9 8 Settlements 6 1 12 1 Net cost $ 33 $ 15 $ 95 $ 46 The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars: Three Months Ended Nine Months Ended August 2 July 28 August 2 July 28 2020 2019 2020 2019 Service cost $ 12 $ 11 $ 36 $ 31 Interest cost 34 53 106 160 Expected return on plan assets (12) (8) (36) (26) Amortization of actuarial loss 7 4 21 12 Amortization of prior service credit (1) (19) (3) (55) Curtailments 21 Net cost $ 40 $ 41 $ 145 $ 122

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
SEGMENT REPORTING (Tables)	Aug. 02, 2020
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 August 2 July 28 % August 2 July 28 % 2020 2019 Change 2020 2019 Change Net sales and revenues: Agriculture and turf $ 5,672 $ 5,946 -5 $ 16,127 $ 17,909 -10 Construction and forestry 2,187 3,023 -28 6,485 8,273 -22 Total net sales 7,859 8,969 -12 22,612 26,182 -14 Financial services 892 910 -2 2,699 2,650 +2 Other revenues 174 157 +11 498 530 -6 Total net sales and revenues $ 8,925 $ 10,036 -11 $ 25,809 $ 29,362 -12 Operating profit: * Agriculture and turf $ 942 $ 612 +54 $ 2,109 $ 1,978 +7 Construction and forestry 205 378 -46 394 954 -59 Financial services 243 204 +19 498 566 -12 Total operating profit 1,390 1,194 +16 3,001 3,498 -14 Reconciling items ** (122) (74) +65 (256) (218) +17 Income taxes (457) (221) +107 (752) (748) +1 Net income attributable to Deere & Company $ 811 $ 899 -10 $ 1,993 $ 2,532 -21 Intersegment sales and revenues: Agriculture and turf net sales $ 5 $ 9 -44 $ 20 $ 27 -26 Construction and forestry net sales 1 Financial services 59 93 -37 218 261 -16 Equipment operations outside the U.S. and Canada: Net sales $ 3,557 $ 4,026 -12 $ 9,563 $ 10,985 -13 Operating profit 524 430 +22 932 1,088 -14 August 2 November 3 2020 2019 Identifiable assets: Agriculture and turf $ 10,124 $ 10,379 -2 Construction and forestry 9,105 9,387 -3 Financial services 48,869 48,483 +1 Corporate 9,166 4,762 +92 Total assets $ 77,264 $ 73,011 +6 * ** Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	9 Months Ended
FINANCING RECEIVABLES (Tables)	Aug. 02, 2020
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: August 2, 2020 90 Days 30-59 Days 60-89 Days or Greater Total Past Due Past Due Past Due Past Due Retail Notes: Agriculture and turf $ 131 $ 63 $ 2 $ 196 Construction and forestry 65 22 12 99 Other: Agriculture and turf 37 17 2 56 Construction and forestry 28 19 47 Total $ 261 $ 121 $ 16 $ 398 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 196 $ 306 $ 19,255 $ 19,757 Construction and forestry 99 102 3,748 3,949 Other: Agriculture and turf 56 81 8,161 8,298 Construction and forestry 47 40 1,392 1,479 Total $ 398 $ 529 $ 32,556 33,483 Less allowance for credit losses 200 Total financing receivables – net $ 33,283 November 3, 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 $ 138 $ 73 $ 1 $ 212 Construction and forestry 79 29 4 112 Other: Agriculture and turf 39 19 1 59 Construction and forestry 26 7 33 Total $ 282 $ 128 $ 6 $ 416 Total Total Total Financing Past Due Non-Performing Current Receivables Retail Notes: Agriculture and turf $ 212 $ 268 $ 18,931 $ 19,411 Construction and forestry 112 127 3,450 3,689 Other: Agriculture and turf 59 28 8,986 9,073 Construction and forestry 33 26 1,496 1,555 Total $ 416 $ 449 $ 32,863 33,728 Less allowance for credit losses 150 Total financing receivables – net $ 33,578 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
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 August 2, 2020 Allowance: Beginning of period balance $ 119 $ 43 $ 33 $ 195 Provision (credit) 5 14 (1) 18 Write-offs (7) (22) (2) (31) Recoveries 6 8 1 15 Translation adjustments 2 1 3 End of period balance * $ 125 $ 43 $ 32 $ 200 Nine Months Ended August 2, 2020 Allowance: Beginning of period balance $ 89 $ 40 $ 21 $ 150 Provision 79 32 13 124 Write-offs (47) (51) (6) (104) Recoveries 10 22 2 34 Translation adjustments (6) 2 (4) End of period balance * $ 125 $ 43 $ 32 $ 200 Financing receivables: End of period balance $ 23,706 $ 3,997 $ 5,780 $ 33,483 Balance individually evaluated ** $ 160 $ 1 $ 67 $ 228 * Individual allowances were not significant. ** Remainder is collectively evaluated. The negative economic effects related to COVID and other macroeconomic issues have significantly affected certain retail borrowers, particularly of construction equipment. As a result, the allowance for credit losses increased $50 million in the first nine months of 2020 reflecting estimated credit losses inherent in the financing receivables. 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 * ** 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 August 2, 2020* Receivables with specific allowance * $ 92 $ 91 $ 23 $ 106 Receivables without a specific allowance 36 33 38 Total $ 128 $ 124 $ 23 $ 144 Agriculture and turf $ 106 $ 103 $ 17 $ 117 Construction and forestry $ 22 $ 21 $ 6 $ 27 November 3, 2019* Receivables with specific allowance $ 40 $ 39 $ 13 $ 40 Receivables without a specific allowance 32 31 37 Total $ 72 $ 70 $ 13 $ 77 Agriculture and turf $ 49 $ 48 $ 8 $ 52 Construction and forestry $ 23 $ 22 $ 5 $ 25 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 * * Primarily retail notes and wholesale receivables.

SECURITIZATION OF FINANCING R_2

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	9 Months Ended
SECURITIZATION OF FINANCING RECEIVABLES (Tables)	Aug. 02, 2020
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: August 2 2020 Carrying value of liabilities $ 1,463 Maximum exposure to loss 1,551
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: August 2 November 3 July 28 2020 2019 2019 Financing receivables securitized (retail notes) $ 5,484 $ 4,395 $ 5,214 Allowance for credit losses (15) (12) (14) Other assets 104 82 98 Total restricted securitized assets $ 5,573 $ 4,465 $ 5,298 The components of consolidated secured borrowings and other liabilities related to securitizations follow in millions of dollars: August 2 November 3 July 28 2020 2019 2019 Short-term securitization borrowings $ 5,361 $ 4,321 $ 5,048 Accrued interest on borrowings 4 6 4 Total liabilities related to restricted securitized assets $ 5,365 $ 4,327 $ 5,052

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
INVENTORIES (Tables)	Aug. 02, 2020
INVENTORIES
Major Classification of Inventories	If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows: August 2 November 3 July 28 2020 2019 2019 Raw materials and supplies $ 2,101 $ 2,285 $ 2,365 Work-in-process 696 747 815 Finished goods and parts 4,427 4,613 5,345 Total FIFO value 7,224 7,645 8,525 Less adjustment to LIFO value 1,574 1,670 1,778 Inventories $ 5,650 $ 5,975 $ 6,747

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	Aug. 02, 2020
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 28, 2018 $ 583 $ 2,518 $ 3,101 Translation adjustments and other (1) (87) (88) Goodwill at July 28, 2019 $ 582 $ 2,431 $ 3,013 Goodwill at November 3, 2019 $ 574 $ 2,343 $ 2,917 Translation adjustments and other 2 65 67 Goodwill at August 2, 2020 $ 576 $ 2,408 $ 2,984 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: August 2 November 3 July 28 2020 2019 2019 Amortized intangible assets: Customer lists and relationships $ 515 $ 511 $ 525 Technology, patents, trademarks, and other 1,021 1,028 1,057 Total at cost 1,536 1,539 1,582 Less accumulated amortization * 358 282 261 Total 1,178 1,257 1,321 Unamortized intangible assets: In-process research and development 123 123 123 Other intangible assets – net $ 1,301 $ 1,380 $ 1,444 *

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Aug. 02, 2020
LEASES
Summary of Lease Expense by Type	The lease expense by type consisted of the following in millions of dollars: Three Months Ended Nine Months Ended August 2, 2020 August 2, 2020 Operating lease expense $ 29 $ 92 Short-term lease expense 8 18 Variable lease expense 8 28 Finance lease: Depreciation expense 3 10 Interest on lease liabilities 1 2 Total lease expense $ 49 $ 150
Schedule of Operating and Finance Lease Right of Use Assets and Liabilities, Location in Condensed Consolidated Balance Sheet	Operating and finance lease right of use assets and liabilities follow in millions of dollars: August 2, 2020 Operating leases: Other assets $ 341 Accounts payable and accrued expenses 318 Finance leases: Property and equipment - net $ 56 Short-term borrowings $ 18 Long-term borrowings 33 Total finance lease liabilities $ 51
Schedule of Weighted-Average Remaining Lease Term in Years and Discount Rates	The weighted-average remaining lease term in years and discount rates follows: August 2, 2020 Weighted-average remaining lease terms: Operating leases 7 Finance leases 3 Weighted-average discount rate: Operating leases 2.2% Finance leases 2.4%
Schedule of Operating Lease Payment Amounts	Lease payment amounts in each of the next five years at August 2, 2020 follow in millions of dollars: Operating Finance Due in: Leases Leases Remainder of 2020 $ 30 $ 5 2021 83 18 2022 71 15 2023 50 10 2024 39 3 2025 22 1 Later years 43 2 Total lease payments 338 54 Less imputed interest 20 3 Total lease liabilities $ 318 $ 51
Schedule of Finance Lease Payment Amounts	Lease payment amounts in each of the next five years at August 2, 2020 follow in millions of dollars: Operating Finance Due in: Leases Leases Remainder of 2020 $ 30 $ 5 2021 83 18 2022 71 15 2023 50 10 2024 39 3 2025 22 1 Later years 43 2 Total lease payments 338 54 Less imputed interest 20 3 Total lease liabilities $ 318 $ 51
Schedule of Future Minimum Payments under Previous Lease Standard for Operating Leases	Future minimum lease payments under the previous lease standard for operating and capital leases at November 3, 2019 follow in millions of dollars: Operating Capital Due in: Leases Leases 2020 $ 111 $ 12 2021 77 10 2022 56 6 2023 39 2 2024 28 1 Later years 26 1 Total minimum lease payments $ 337 $ 32
Schedule of Future Minimum Payments under Previous Lease Standard for Capital Leases	Future minimum lease payments under the previous lease standard for operating and capital leases at November 3, 2019 follow in millions of dollars: Operating Capital Due in: Leases Leases 2020 $ 111 $ 12 2021 77 10 2022 56 6 2023 39 2 2024 28 1 Later years 26 1 Total minimum lease payments $ 337 $ 32
Schedule of Cash Paid for Amounts Included in the Measurement of Lease Liabilities and Right of Use Assets Obtained in Exchange for Lease Liabilities	Cash paid for amounts included in the measurement of lease liabilities: Nine Months Ended August 2, 2020 Operating cash flows from operating leases $ 92 Operating cash flows from finance leases 2 Financing cash flows from finance leases 16 Right of use assets obtained in exchange for lease liabilities: Nine Months Ended August 2, 2020 Operating leases $ 27 Finance leases 37
Schedule of Lease Revenues Earned	Lease revenues earned by the Company were as follows in millions of dollars: Three Months Ended Nine Months Ended August 2, 2020 August 2, 2020 Sales-type and direct financing lease revenues $ 33 $ 101 Operating lease revenues 361 1,104 Variable lease revenues 6 17 Total lease revenues $ 400 $ 1,222
Schedule of Sales-type and Direct Financing Lease Receivables by Product Category	Sales-type and direct financing lease receivables by product category were as follows in millions of dollars: August 2 November 3 2020 2019 Agriculture and turf $ 902 $ 897 Construction and forestry 979 1,033 Total 1,881 1,930 Guaranteed residual values 238 232 Unguaranteed residual values 80 101 Less unearned finance income 223 212 Financing leases receivables $ 1,976 $ 2,051
Schedule of Scheduled Payments, Including Guaranteed Residual Values, on Sales-type and Direct Financing Leases Receivables	Scheduled payments, including guaranteed residual values, on sales-type and direct financing lease receivables at August 2, 2020 follow in millions of dollars: August 2 Due in: 2020 Remainder of 2020 $ 296 2021 850 2022 488 2023 281 2024 146 2025 46 Later years 12 Total $ 2,119
Schedule of Financing Lease Receivables Scheduled Payments under the Previous Lease Standard	Scheduled payments on financing lease receivables under the previous lease standard at November 3, 2019 follow in millions of dollars: November 3 Due in: 2019 2020 $ 833 2021 557 2022 321 2023 153 2024 53 Later years 13 Total $ 1,930
Schedule of Cost of Equipment on Operating Leases by Product Category	The cost of equipment on operating leases by product category was as follows in millions of dollars: August 2 November 3 2020 2019 Agriculture and turf $ 7,162 $ 7,257 Construction and forestry 2,013 2,165 Total 9,175 9,422 Less accumulated depreciation 2,017 1,855 Equipment on operating leases - net $ 7,158 $ 7,567
Schedule of Lease Payments for Equipment on Operating Leases	Lease payments for equipment on operating leases at August 2, 2020 were scheduled as follows in millions of dollars: August 2 Due in: 2020 Remainder of 2020 $ 300 2021 993 2022 633 2023 324 2024 140 2025 15 Total $ 2,405
Schedule of Rental Payments for Equipment on Operating Leases under the Previous Lease Standard	Rental payments for equipment on operating leases under the previous lease standard at November 3, 2019 were scheduled as follows in millions of dollars: November 3 Due in: 2019 2020 $ 1,086 2021 759 2022 419 2023 193 2024 41 Total $ 2,498

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Aug. 02, 2020
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Beginning of period balance $ 1,767 $ 1,714 $ 1,800 $ 1,652 Payments (250) (252) (703) (714) Amortization of premiums received (58) (57) (168) (168) Accruals for warranties 177 263 609 772 Premiums received 68 75 202 209 Foreign exchange 27 3 (9) (5) End of period balance $ 1,731 $ 1,746 $ 1,731 $ 1,746

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Aug. 02, 2020
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: August 2, 2020 November 3, 2019 July 28, 2019 Carrying Fair Carrying Fair Carrying Fair Financing receivables – net: Equipment operations $ 111 $ 102 $ 65 $ 61 $ 100 $ 93 Financial services 27,703 27,929 29,130 29,106 26,949 26,921 Total $ 27,814 $ 28,031 $ 29,195 $ 29,167 $ 27,049 $ 27,014 Financing receivables securitized – net: Equipment operations $ 37 $ 34 $ 44 $ 43 $ 54 $ 52 Financial services 5,432 5,544 4,339 4,362 5,146 5,154 Total $ 5,469 $ 5,578 $ 4,383 $ 4,405 $ 5,200 $ 5,206 Short-term Equipment operations $ 37 $ 37 $ 44 $ 45 $ 53 $ 54 Financial services 5,324 5,381 4,277 4,302 4,995 5,017 Total $ 5,361 $ 5,418 $ 4,321 $ 4,347 $ 5,048 $ 5,071 Long-term borrowings due within one year: Equipment operations $ 507 $ 504 $ 642 $ 645 $ 1,009 $ 1,013 Financial services 6,114 6,168 6,786 6,788 6,922 6,914 Total $ 6,621 $ 6,672 $ 7,428 $ 7,433 $ 7,931 $ 7,927 Long-term borrowings: Equipment operations $ 10,184 $ 12,163 $ 5,415 $ 6,138 $ 5,364 $ 6,017 Financial services 23,820 24,464 24,814 25,122 23,878 24,143 Total $ 34,004 $ 36,627 $ 30,229 $ 31,260 $ 29,242 $ 30,160 * ** Carrying values exclude finance lease liabilities that are presented as borrowings beginning in 2020 (see Notes 3 and 15).
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: August 2 November 3 July 28 2020 2019 2019 Level 1: Marketable securities International equity securities $ 2 Equity fund * 68 $ 59 $ 59 U.S. government debt securities 50 50 49 Total Level 1 marketable securities 120 109 108 Level 2: Marketable securities U.S. government debt securities 105 81 73 Municipal debt securities 64 60 57 Corporate debt securities 185 165 156 International debt securities 2 5 9 Mortgage-backed securities ** 159 160 158 Total Level 2 marketable securities 515 471 453 Other assets Derivatives: Interest rate contracts 895 363 265 Foreign exchange contracts 57 20 53 Cross-currency interest rate contracts 9 1 2 Total Level 2 other assets 961 384 320 Accounts payable and accrued expenses Derivatives: Interest rate contracts 115 65 99 Foreign exchange contracts 55 71 45 Cross-currency interest rate contracts 3 2 Total Level 2 accounts payable and accrued expenses 170 139 146 Level 3: Marketable securities International debt securities 5 1 4 * *During the third quarter of 2020 and 2019, net unrealized gains on equity securities of $10 million and $1 million, respectively, were recorded in “Other income.” During the first nine months of 2020 and 2019, net unrealized gains on equity securities were $8 million and $7 million, respectively.
Contractual Maturities of Debt Securities	The contractual maturities of debt securities at August 2, 2020 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 $ 27 $ 24 Due after one through five years 89 95 Due after five through 10 years 102 114 Due after 10 years 160 178 Mortgage-backed securities 150 159 Debt securities $ 528 $ 570
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Beginning of period balance $ 1 $ 4 $ 1 $ 8 Purchases 5 5 Principal payments (1) (1) (5) Other 1 End of period balance $ 5 $ 4 $ 5 $ 4
Fair Value, Nonrecurring Measurements from Impairments	Fair value, nonrecurring measurements from impairments in millions of dollars follow: Fair Value * Losses * Three Months Ended Nine Months Ended August 2 November 3 July 28 August 2 July 28 August 2 July 28 2020 2019 2019 2020 2019 2020 2019 Other receivables $ 1 $ 2 $ 2 Equipment on operating leases – net $ 855 $ 22 Property and equipment – net $ 8 $ 5 $ 67 Investments in unconsolidated affiliates $ 20 Other intangible assets – net $ 2 $ 2 Other assets $ 19 $ 142 $ 24 $ 34 *

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Aug. 02, 2020
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 Hedged Item Relationships Relationships Total August 2, 2020 Long-term borrowings due within one year* $ 480 $ 6 $ 2 $ 8 Long-term borrowings 9,140 754 40 794 November 3, 2019 Long-term borrowings due within one year* $ 412 $ (1) $ (4) $ (5) Long-term borrowings 8,532 295 (32) 263 July 28, 2019 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: August 2 November 3 July 28 Other Assets 2020 2019 2019 Designated as hedging instruments: Interest rate contracts $ 806 $ 332 $ 232 Total designated 806 332 232 Not designated as hedging instruments: Interest rate contracts 89 31 33 Foreign exchange contracts 57 20 53 Cross-currency interest rate contracts 9 1 2 Total not designated 155 52 88 Total derivative assets $ 961 $ 384 $ 320 Accounts Payable and Accrued Expenses Designated as hedging instruments: Interest rate contracts $ 24 $ 28 $ 55 Total designated 24 28 55 Not designated as hedging instruments: Interest rate contracts 91 37 44 Foreign exchange contracts 55 71 45 Cross-currency interest rate contracts 3 2 Total not designated 146 111 91 Total derivative liabilities $ 170 $ 139 $ 146
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 August 2 July 28 August 2 July 28 2020 2019 2020 2019 Fair Value Hedges: Interest rate contracts - Interest expense $ 78 $ 193 $ 589 $ 468 Cash Flow Hedges Recognized in OCI Interest rate contracts - OCI (pretax) (1) (27) (18) (42) Reclassified from OCI Interest rate contracts - Interest expense (7) 1 (13) 6 Not Designated as Hedges: Interest rate contracts - Net sales $ (2) $ (6) $ (26) $ (23) Interest rate contracts - Interest expense * (1) (7) 2 (25) Foreign exchange contracts - Cost of sales (28) (8) 64 (1) Foreign exchange contracts - Other operating * (49) (12) 125 88 Total not designated $ (80) $ (33) $ 165 $ 39 *
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 August 2, 2020 Recognized Arrangements Received Net Amount Assets $ 961 $ (120) $ (332) $ 509 Liabilities 170 (120) 50 Gross Amounts Netting Collateral November 3, 2019 Recognized Arrangements Received Net Amount Assets $ 384 $ (70) $ 314 Liabilities 139 (70) 69 Gross Amounts Netting Collateral July 28, 2019 Recognized Arrangements Received Net Amount Assets $ 320 $ (70) $ 250 Liabilities 146 (70) 76

SUPPLEMENTAL CONSOLIDATING DA_2

SUPPLEMENTAL CONSOLIDATING DATA (Tables)	9 Months Ended
SUPPLEMENTAL CONSOLIDATING DATA (Tables)	Aug. 02, 2020
SUPPLEMENTAL CONSOLIDATING DATA
Supplemental Consolidating Data Income Statement	(21) SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME For the Three Months Ended August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Net Sales and Revenues Net sales $ 7,859 $ 8,969 Finance and interest income 25 30 $ 878 $ 952 Other income 206 185 73 51 Total 8,090 9,184 951 1,003 Costs and Expenses Cost of sales 5,836 6,871 Research and development expenses 370 431 Selling, administrative and general expenses 616 751 137 147 Interest expense 91 67 206 311 Interest compensation to Financial Services 58 93 Other operating expenses 94 64 363 339 Total 7,065 8,277 706 797 Income of Consolidated Group before Income Taxes 1,025 907 245 206 Provision for income taxes 395 190 62 31 Income of Consolidated Group 630 717 183 175 Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates Financial Services 183 175 Other (2) 7 Total 181 182 Net Income 811 899 183 175 Less: Net income attributable to noncontrolling interests Net Income Attributable to Deere & Company $ 811 $ 899 $ 183 $ 175 * 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 August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Net Sales and Revenues Net sales $ 22,612 $ 26,182 Finance and interest income 75 79 $ 2,720 $ 2,727 Other income 597 614 196 184 Total 23,284 26,875 2,916 2,911 Costs and Expenses Cost of sales 17,208 20,058 Research and development expenses 1,201 1,295 Selling, administrative and general expenses 1,989 2,191 483 422 Interest expense 237 182 747 910 Interest compensation to Financial Services 195 254 Other operating expenses 186 203 1,187 1,008 Total 21,016 24,183 2,417 2,340 Income of Consolidated Group before Income Taxes 2,268 2,692 499 571 Provision for income taxes 632 625 120 123 Income of Consolidated Group 1,636 2,067 379 448 Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates Financial Services 381 450 2 2 Other (22) 18 Total 359 468 2 2 Net Income 1,995 2,535 381 450 Less: Net income attributable to noncontrolling interests 2 3 Net Income Attributable to Deere & Company $ 1,993 $ 2,532 $ 381 $ 450 * 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 August 2 November 3 July 28 August 2 November 3 July 28 2020 2019 2019 2020 2019 2019 Assets Cash and cash equivalents $ 7,440 $ 3,175 $ 2,694 $ 750 $ 682 $ 689 Marketable securities 8 1 5 632 580 560 Receivables from unconsolidated subsidiaries and affiliates 3,619 2,017 2,395 Trade accounts and notes receivable – net 1,251 1,482 1,606 5,595 5,153 6,807 Financing receivables – net 111 65 100 27,703 29,130 26,949 Financing receivables securitized – net 37 44 54 5,432 4,339 5,146 Other receivables 1,083 1,376 1,428 162 116 126 Equipment on operating leases – net 7,158 7,567 7,269 Inventories 5,650 5,975 6,747 Property and equipment – net 5,711 5,929 5,753 43 44 45 Investments in unconsolidated subsidiaries and affiliates 5,383 5,326 5,309 19 16 16 Goodwill 2,984 2,917 3,013 Other intangible assets – net 1,301 1,380 1,444 Retirement benefits 972 836 1,374 59 58 57 Deferred income taxes 1,865 1,896 1,579 56 57 72 Other assets 1,566 1,158 1,269 1,260 741 708 Total Assets $ 38,981 $ 33,577 $ 34,770 $ 48,869 $ 48,483 $ 48,444 Liabilities and Stockholders’ Equity Liabilities Short-term borrowings $ 853 $ 987 $ 1,372 $ 8,222 $ 9,797 $ 9,770 Short-term securitization borrowings 37 44 53 5,324 4,277 4,995 Payables to unconsolidated subsidiaries and affiliates 80 142 136 3,593 1,970 2,341 Accounts payable and accrued expenses 8,834 9,232 9,422 2,134 1,836 1,641 Deferred income taxes 398 414 454 468 568 616 Long-term borrowings 10,217 5,415 5,364 23,820 24,814 23,878 Retirement benefits and other liabilities 5,671 5,912 5,685 105 94 97 Total liabilities 26,090 22,146 22,486 43,666 43,356 43,338 Commitments and contingencies (Note 16) Redeemable noncontrolling interest (Note 20) 14 14 Stockholders’ Equity Common stock, $1 par value (issued shares at August 2, 2020 – 536,431,204) 4,750 4,642 4,599 2,121 2,107 2,107 Common stock in treasury (17,671) (17,474) (17,121) Retained earnings 31,128 29,852 29,369 3,498 3,378 3,338 Accumulated other comprehensive income (loss) (5,319) (5,607) (4,581) (416) (358) (339) Total Deere & Company stockholders’ equity 12,888 11,413 12,266 5,203 5,127 5,106 Noncontrolling interests 3 4 4 Total stockholders’ equity 12,891 11,417 12,270 5,203 5,127 5,106 Total Liabilities and Stockholders’ Equity $ 38,981 $ 33,577 $ 34,770 $ 48,869 $ 48,483 $ 48,444 * 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 August 2, 2020 and July 28, 2019 (In millions of dollars) Unaudited EQUIPMENT OPERATIONS* FINANCIAL SERVICES 2020 2019 2020 2019 Cash Flows from Operating Activities Net income $ 1,995 $ 2,535 $ 381 $ 450 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 6 1 117 57 Provision for depreciation and amortization 787 782 925 836 Impairment charges 115 32 Undistributed earnings of unconsolidated subsidiaries and affiliates (124) (62) (1) (1) Credit for deferred income taxes (57) (123) (103) (209) Changes in assets and liabilities: Trade receivables and Equipment Operations' financing receivables 116 (248) Inventories 387 (670) Accounts payable and accrued expenses (567) 50 (38) 23 Accrued income taxes payable/receivable (25) (282) 29 535 Retirement benefits 77 35 11 5 Other 145 (59) 89 140 Net cash provided by operating activities 2,855 1,959 1,442 1,836 Cash Flows from Investing Activities Collections of receivables (excluding trade and wholesale) 14,352 13,807 Proceeds from maturities and sales of marketable securities 9 70 63 Proceeds from sales of equipment on operating leases 1,310 1,171 Cost of receivables acquired (excluding trade and wholesale) (15,367) (14,597) Purchases of marketable securities (3) (91) (107) Purchases of property and equipment (591) (754) (3) (2) Cost of equipment on operating leases acquired (1,836) (2,135) Decrease (increase) in trade and wholesale receivables 423 (2,551) Collateral on derivatives – net (6) 330 59 Other (55) (64) (46) (47) Net cash used for investing activities (652) (812) (858) (4,339) Cash Flows from Financing Activities Increase (decrease) in total short-term borrowings (32) (119) 202 (217) Change in intercompany receivables/payables (1,468) (683) 1,468 683 Proceeds from long-term borrowings 4,592 868 3,739 6,572 Payments of long-term borrowings (179) (194) (5,618) (4,162) Proceeds from issuance of common stock 111 133 Repurchases of common stock (263) (880) Dividends paid (718) (703) (260) (377) Other (86) (52) (11) (22) Net cash provided by (used for) financing activities 1,957 (1,630) (480) 2,477 Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 95 (16) (15) (8) Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 4,255 (499) 89 (34) Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,196 3,202 760 813 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 7,451 $ 2,703 $ 849 $ 779 * 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 CONSOLIDATION

ORGANIZATION AND CONSOLIDATION (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Fiscal period duration	91 days	91 days
VIE-Not Primary Beneficiary
Maximum Exposure to Losses
Maximum exposure to loss	$ 1,551
VIE-Not Primary Beneficiary \| Brazilian Construction Equipment Manufacturer Joint Venture
Maximum Exposure to Losses
Maximum exposure to loss	$ 13	$ 23	$ 22

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CASH FLOW INFORMATION (Details) - USD ($) $ in Millions	9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019	Oct. 28, 2018
Transfer of inventory to equipment on operating leases	$ 388	$ 498
Accounts payable related to purchases of property and equipment	51	70
Restricted cash	110	99	$ 99	$ 111
Equipment Operations
Restricted cash	11	9	21	7
Financial Services
Restricted cash	$ 99	$ 90	$ 78	$ 104

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	9 Months Ended
NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 04, 2019	Nov. 03, 2019	Jul. 28, 2019
New accounting standards
Other intangible assets - net	$ 1,301	$ 1,357	$ 1,380	$ 1,444
Other assets	2,824	2,301	1,899	1,977
Short-term borrowings	9,075	10,795	10,784	11,142
Accounts payable and accrued expenses	9,565	10,004	9,656	9,390
Long-term borrowings	$ 34,037	$ 30,249	30,229	$ 29,242
ASU 2016-02
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	us-gaap:AccountingStandardsUpdate201602CumulativeEffectPeriodOfAdoptionMember
Lease, Practical Expedients, Package [true false]	true
Lease, Practical Expedient, Use of Hindsight [true false]	false
ASU 2016-02 \| Cumulative Effect from Adoption
New accounting standards
Other intangible assets - net			(23)
Other assets			402
Short-term borrowings			11
Accounts payable and accrued expenses			348
Long-term borrowings			$ 20
ASU 2017-08
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2018-07
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2020-04
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2016-13
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 2019-12
New accounting standards
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false

REVENUE RECOGNITION - Primary G

REVENUE RECOGNITION - Primary Geograhical Market, Major Product Lines, and Timing (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Revenue Recognition
Net sales and revenues	$ 8,925	$ 10,036	$ 25,809	$ 29,362
Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	7,977	9,043	22,950	26,490
Revenue recognized over time
Revenue Recognition
Net sales and revenues	948	993	2,859	2,872
Large Agriculture
Revenue Recognition
Net sales	2,893	2,985	8,106	8,647
Small Agriculture
Revenue Recognition
Net sales	2,021	2,172	5,762	6,613
Turf
Revenue Recognition
Net sales	651	704	1,925	2,199
Construction
Revenue Recognition
Net sales	817	1,319	2,535	3,806
Compact Construction
Revenue Recognition
Net sales	303	320	930	904
Roadbuilding
Revenue Recognition
Net sales	818	1,008	2,146	2,420
Forestry
Revenue Recognition
Net sales	241	333	769	1,023
Financial Products
Revenue Recognition
Net sales and revenues	921	942	2,789	2,739
Other
Revenue Recognition
Net sales and revenues	260	253	847	1,011
United States
Revenue Recognition
Net sales and revenues	4,525	5,096	13,936	15,716
Canada
Revenue Recognition
Net sales and revenues	635	707	1,684	2,015
Western Europe
Revenue Recognition
Net sales and revenues	1,501	1,634	4,131	4,599
Central Europe and CIS
Revenue Recognition
Net sales and revenues	506	563	1,381	1,448
Latin America
Revenue Recognition
Net sales and revenues	777	945	2,110	2,742
Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	981	1,091	2,567	2,842
Agriculture and Turf
Revenue Recognition
Net sales and revenues	5,795	6,039	16,454	18,234
Agriculture and Turf \| Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	5,739	5,988	16,294	18,088
Agriculture and Turf \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	56	51	160	146
Agriculture and Turf \| Large Agriculture
Revenue Recognition
Net sales	2,893	2,985	8,106	8,647
Agriculture and Turf \| Small Agriculture
Revenue Recognition
Net sales	2,021	2,172	5,762	6,613
Agriculture and Turf \| Turf
Revenue Recognition
Net sales	651	704	1,925	2,199
Agriculture and Turf \| Financial Products
Revenue Recognition
Net sales and revenues	24	25	72	69
Agriculture and Turf \| Other
Revenue Recognition
Net sales and revenues	206	153	589	706
Agriculture and Turf \| United States
Revenue Recognition
Net sales and revenues	2,845	2,870	8,725	9,411
Agriculture and Turf \| Canada
Revenue Recognition
Net sales and revenues	295	299	699	784
Agriculture and Turf \| Western Europe
Revenue Recognition
Net sales and revenues	1,103	1,154	2,992	3,362
Agriculture and Turf \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	319	324	877	865
Agriculture and Turf \| Latin America
Revenue Recognition
Net sales and revenues	602	708	1,515	2,028
Agriculture and Turf \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	631	684	1,646	1,784
Construction and Forestry
Revenue Recognition
Net sales and revenues	2,238	3,087	6,656	8,478
Construction and Forestry \| Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	2,210	3,055	6,576	8,402
Construction and Forestry \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	28	32	80	76
Construction and Forestry \| Construction
Revenue Recognition
Net sales	817	1,319	2,535	3,806
Construction and Forestry \| Compact Construction
Revenue Recognition
Net sales	303	320	930	904
Construction and Forestry \| Roadbuilding
Revenue Recognition
Net sales	818	1,008	2,146	2,420
Construction and Forestry \| Forestry
Revenue Recognition
Net sales	241	333	769	1,023
Construction and Forestry \| Financial Products
Revenue Recognition
Net sales and revenues	5	7	18	20
Construction and Forestry \| Other
Revenue Recognition
Net sales and revenues	54	100	258	305
Construction and Forestry \| United States
Revenue Recognition
Net sales and revenues	1,048	1,594	3,331	4,495
Construction and Forestry \| Canada
Revenue Recognition
Net sales and revenues	194	260	532	773
Construction and Forestry \| Western Europe
Revenue Recognition
Net sales and revenues	376	458	1,073	1,174
Construction and Forestry \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	178	229	477	555
Construction and Forestry \| Latin America
Revenue Recognition
Net sales and revenues	124	171	418	515
Construction and Forestry \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	318	375	825	966
Financial Services
Revenue Recognition
Net sales and revenues	892	910	2,699	2,650
Financial Services \| Revenue recognized at a point in time
Revenue Recognition
Net sales and revenues	28		80
Financial Services \| Revenue recognized over time
Revenue Recognition
Net sales and revenues	864	910	2,619	2,650
Financial Services \| Financial Products
Revenue Recognition
Net sales and revenues	892	910	2,699	2,650
Financial Services \| United States
Revenue Recognition
Net sales and revenues	632	632	1,880	1,810
Financial Services \| Canada
Revenue Recognition
Net sales and revenues	146	148	453	458
Financial Services \| Western Europe
Revenue Recognition
Net sales and revenues	22	22	66	63
Financial Services \| Central Europe and CIS
Revenue Recognition
Net sales and revenues	9	10	27	28
Financial Services \| Latin America
Revenue Recognition
Net sales and revenues	51	66	177	199
Financial Services \| Asia, Africa, Australia, New Zealand, and Middle East
Revenue Recognition
Net sales and revenues	$ 32	$ 32	$ 96	$ 92

REVENUE RECOGNITION - Advanced

REVENUE RECOGNITION - Advanced Customer Payments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Advanced customer payments
Deferred revenue received	$ 1,115	$ 1,022	$ 1,115	$ 1,022	$ 1,010
Revenue recognized from deferred revenue	$ 97	$ 101	$ 375	$ 360

REVENUE RECOGNITION - Unsatisfi

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Aug. 02, 2020USD ($)
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 920
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-03
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 88
Period estimated revenue to be recognized	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-02
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 385
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 240
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-31
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 132
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-30
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 56
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 16
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-27
Unsatisfied performance obligations
Performance obligations for contracts with an original duration greater than one year	$ 3
Period estimated revenue to be recognized	24 months

REVENUE RECOGNITION - Short-ter

REVENUE RECOGNITION - Short-term Payment Relief (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Short-term Payment Relief
Trade accounts and notes receivable - net	$ 5,473	$ 5,230	$ 6,758
COVID
Short-term Payment Relief
Trade accounts and notes receivable - net	$ 234
Outstanding trade receivable balance granted relief (as a percent)	4.00%
COVID \| Maximum
Short-term Payment Relief
Payment deferral period	3 months
Extension of interest-free period	3 months
Total interest-free period	1 year
Interest rate reduction period	3 months

OTHER COMPREHENSIVE INCOME IT_3

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Changes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Accumulated other comprehensive income (loss)
Balance			$ 11,413
Net current period other comprehensive income (loss)	$ 396	$ 29	288	$ (146)
Balance	12,888	12,266	12,888	12,266
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Balance			(5,607)	(4,427)
Other comprehensive income (loss) items before reclassification			112	(195)
Amounts reclassified from accumulated other comprehensive income			176	49
Net current period other comprehensive income (loss)	396	29	288	(146)
Balance	(5,319)	(4,581)	(5,319)	(4,581)
Accumulated Other Comprehensive Income (Loss) \| Cumulative Effect from Adoption \| ASU 2016-01
Accumulated other comprehensive income (loss)
Balance				(8)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Balance			(3,915)	(3,237)
Other comprehensive income (loss) items before reclassification			179	30
Amounts reclassified from accumulated other comprehensive income			159	54
Net current period other comprehensive income (loss)			338	84
Balance	(3,577)	(3,153)	(3,577)	(3,153)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Balance			(1,651)	(1,203)
Other comprehensive income (loss) items before reclassification			(75)	(218)
Amounts reclassified from accumulated other comprehensive income			8
Net current period other comprehensive income (loss)			(67)	(218)
Balance	(1,718)	(1,421)	(1,718)	(1,421)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Balance			(60)	15
Other comprehensive income (loss) items before reclassification			(14)	(33)
Amounts reclassified from accumulated other comprehensive income			10	(4)
Net current period other comprehensive income (loss)			(4)	(37)
Balance	(64)	(22)	(64)	(22)
Unrealized Gain (Loss) on Debt Securities
Accumulated other comprehensive income (loss)
Balance			19
Other comprehensive income (loss) items before reclassification			22	26
Amounts reclassified from accumulated other comprehensive income			(1)	(1)
Net current period other comprehensive income (loss)			21	25
Balance	$ 40	$ 15	$ 40	15
Unrealized Gain (Loss) on Debt Securities \| Cumulative Effect from Adoption \| ASU 2016-01
Accumulated other comprehensive income (loss)
Balance				(8)
Unrealized Gain (Loss) on Investments
Accumulated other comprehensive income (loss)
Balance				$ (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
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (290)	$ (374)	$ (969)	$ (1,078)
Total other comprehensive income (loss), before tax	415	31	415	(123)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(19)	(2)	(127)	(23)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	396	29	288	(146)
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	321		(77)
Total other comprehensive income (loss), before tax	329	27	(69)	(217)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	2		2
Total other comprehensive income (loss), tax (expense) credit	2	(1)	2	(1)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	323		(75)
Other Comprehensive Income (Loss), Net of Income Taxes	331	26	(67)	(218)
Cumulative Translation Adjustment \| Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	8		8
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	8		8
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(1)	(27)	(18)	(42)
Total other comprehensive income (loss), before tax	6	(28)	(5)	(48)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit		6	4	9
Total other comprehensive income (loss), tax (expense) credit	(2)	6	1	11
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(1)	(21)	(14)	(33)
Other Comprehensive Income (Loss), Net of Income Taxes	4	(22)	(4)	(37)
Unrealized Gain (Loss) on Derivatives \| Interest Rate Contracts \| Reclassification out of accumulated other comprehensive income (loss)
Other Comprehensive Income (Loss), Before Tax
Interest expense	7	(1)	13	(6)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(2)		(3)	2
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	5	(1)	10	(4)
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	13	13	27	32
Total other comprehensive income (loss), before tax	12	12	26	31
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(2)	(2)	(5)	(6)
Total other comprehensive income (loss), tax (expense) credit	(2)	(2)	(5)	(6)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	11	11	22	26
Other Comprehensive Income (Loss), Net of Income Taxes	10	10	21	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)	(1)	(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(1)	(1)	(1)	(1)
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	68	20	463	111
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	(17)	(5)	(125)	(27)
Other Comprehensive Income (Loss), After Tax
Other Comprehensive Income (Loss), Net of Income Taxes	51	15	338	84
Retirement Benefits Adjustment \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(9)	(3)	(36)	(21)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	2	1	8	5
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(7)	(2)	(28)	(16)
Retirement Benefits Adjustment \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax			274	60
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit			(67)	(14)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax			207	46
Actuarial (Gain) Loss \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	62	35	186	106
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(15)	(9)	(57)	(26)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	47	26	129	80
Actuarial (Gain) Loss \| Reclassification out of accumulated other comprehensive income (loss) \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	7	4	21	12
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(2)	(1)	(5)	(3)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	5	3	16	9
Prior Service (Credit) Cost \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	3	2	9	8
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)		(2)	(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	2	2	7	6
Prior Service (Credit) Cost \| Reclassification out of accumulated other comprehensive income (loss) \| OPEB
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(1)	(19)	(3)	(55)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	1	4	1	13
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax		(15)	(2)	(42)
Settlements \| Reclassification out of accumulated other comprehensive income (loss) \| Pensions
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	6	1	12	1
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(2)		(3)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	$ 4	$ 1	$ 9	$ 1

OTHER COMPREHENSIVE INCOME IT_5

OTHER COMPREHENSIVE INCOME ITEMS - Noncontrolling Interests' (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interests
Comprehensive income (loss) attributable to noncontrolling interests	$ 0	$ 0	$ 2	$ 3
Net income attributable to noncontrolling interests	$ 0	$ 0	$ 2	$ 3

DIVIDENDS DECLARED AND PAID (De

DIVIDENDS DECLARED AND PAID (Details) - $ / shares	3 Months Ended		9 Months Ended
DIVIDENDS DECLARED AND PAID (Details) - $ / shares	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
DIVIDENDS DECLARED AND PAID
Dividends declared (in dollars per share)	$ 0.76	$ 0.76	$ 2.28	$ 2.28
Dividends paid (in dollars per share)	$ 0.76	$ 0.76	$ 2.28	$ 2.21

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 811	$ 899	$ 1,993	$ 2,532
Average shares outstanding	313	315.9	313.3	317.3
Basic (in dollars per share)	$ 2.59	$ 2.84	$ 6.36	$ 7.98
Diluted Earnings Per Share
Average shares outstanding	313	315.9	313.3	317.3
Effect of dilutive share-based compensation (in shares)	2.8	3.9	3.1	4.2
Total potential shares outstanding	315.8	319.8	316.4	321.5
Diluted (in dollars per share)	$ 2.57	$ 2.81	$ 6.30	$ 7.87
Antidilutive incremental shares excluded from computation of earnings per share	1.2	0.9	0.8	0.7

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
	Aug. 02, 2020	Feb. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019	Aug. 30, 2020
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	$ 80		$ 65	$ 241	$ 197
Interest cost	86		112	260	334
Expected return on plan assets	(204)		(200)	(613)	(600)
Amortization of actuarial loss	62		35	186	106
Amortization of prior service (credit) cost	3		2	9	8
Settlements	6		1	12	1
Net cost	33		15	95	46
Employer Contributions
Defined benefit plan employer contributions				66
Defined benefit plan employer contributions expected for the remainder of the fiscal year	26			26
OPEB
Net Periodic Cost
Service cost	12		11	36	31
Interest cost	34		53	106	160
Expected return on plan assets	(12)		(8)	(36)	(26)
Amortization of actuarial loss	7		4	21	12
Amortization of prior service (credit) cost	(1)		(19)	(3)	(55)
Curtailments				21
Net cost	40		$ 41	145	$ 122
Benefit obligation reduction		$ (245)
Employer Contributions
Defined benefit plan employer contributions				87
Defined benefit plan employer contributions expected for the remainder of the fiscal year	648			648
OPEB \| United States
Employer Contributions
Defined benefit plan employer contributions expected for the remainder of the fiscal year	$ 600			$ 600
OPEB \| United States \| Subsequent Event
Approved Employer Contributions
Defined benefit plan approved voluntary employer contributions						$ 700
OPEB \| First Quarter of 2020 Voluntary Employee-Separation Program \| United States
Net Periodic Cost
Curtailments		$ 21

INCOME TAXES - (Details)

INCOME TAXES - (Details) - USD ($) $ in Millions	9 Months Ended
INCOME TAXES - (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
INCOME TAXES
Capital loss carryback	$ 43
Excess tax benefits on equity compensation	(35)
UNRECOGNIZED TAX BENEFITS
Unrecognized tax benefits	657	$ 553	$ 630
Unrecognized tax benefits affecting effective tax rate if recognized	$ 141	$ 153	$ 274

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT REPORTING (Details) - USD ($) $ in Millions	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Net Sales and Revenues
Net sales and revenues	$ 8,925	$ 10,036	$ 25,809	$ 29,362
% Change - Net sales and revenues	(11.00%)		(12.00%)
Operating Profit (Loss)
Total operating profit	$ 1,390	1,194	$ 3,001	3,498
% Change - Operating profit	16.00%		(14.00%)
Net income attributable to Deere & Company	$ 811	899	$ 1,993	2,532
% Change - Net income attributable to Deere & Company	(10.00%)		(21.00%)
Identifiable Assets
Total Assets	$ 77,264	73,530	$ 77,264	73,530	$ 73,011
% Change - Identifiable assets			6.00%
Operating Segments (Other)
Reconciling items	$ (122)	(74)	$ (256)	(218)
% Change - Reconciling items	65.00%		17.00%
Income taxes	$ (457)	(221)	$ (752)	(748)
% Change - Income taxes	107.00%		1.00%
Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 8,090	9,184	$ 23,284	26,875
Operating Profit (Loss)
Net income attributable to Deere & Company	811	899	1,993	2,532
Identifiable Assets
Total Assets	38,981	34,770	38,981	34,770	33,577
Operating Segments (Other)
Income taxes	(395)	(190)	(632)	(625)
Equipment Operations \| Outside U.S. and Canada:
Net Sales and Revenues
Net sales and revenues	$ 3,557	4,026	$ 9,563	10,985
% Change - Net sales and revenues	(12.00%)		(13.00%)
Operating Profit (Loss)
Total operating profit	$ 524	430	$ 932	1,088
% Change - Operating profit	22.00%		(14.00%)
Corporate
Identifiable Assets
Total Assets	$ 9,166		$ 9,166		4,762
% Change - Identifiable assets			92.00%
Other Revenues
Net Sales and Revenues
Net sales and revenues	$ 174	157	$ 498	530
% Change - Net sales and revenues	11.00%		(6.00%)
Agriculture and Turf
Net Sales and Revenues
Net sales and revenues	$ 5,795	6,039	$ 16,454	18,234
Intersegment sales and revenues	$ 5	9	$ 20	27
% Change - Intersegment sales and revenues	(44.00%)		(26.00%)
Operating Profit (Loss)
Total operating profit	$ 942	612	$ 2,109	1,978
% Change - Operating profit	54.00%		7.00%
Identifiable Assets
Total Assets	$ 10,124		$ 10,124		10,379
% Change - Identifiable assets			(2.00%)
Construction and Forestry
Net Sales and Revenues
Net sales and revenues	2,238	3,087	$ 6,656	8,478
Intersegment sales and revenues				1
Operating Profit (Loss)
Total operating profit	$ 205	378	$ 394	954
% Change - Operating profit	(46.00%)		(59.00%)
Identifiable Assets
Total Assets	$ 9,105		$ 9,105		9,387
% Change - Identifiable assets			(3.00%)
Financial Services
Net Sales and Revenues
Net sales and revenues	$ 892	910	$ 2,699	2,650
% Change - Net sales and revenues	(2.00%)		2.00%
Intersegment sales and revenues	$ 59	93	$ 218	261
% Change - Intersegment sales and revenues	(37.00%)		(16.00%)
Operating Profit (Loss)
Total operating profit	$ 243	204	$ 498	566
% Change - Operating profit	19.00%		(12.00%)
Identifiable Assets
Total Assets	$ 48,869		$ 48,869		$ 48,483
% Change - Identifiable assets			1.00%
Net Sales
Net Sales and Revenues
Net sales	$ 7,859	8,969	$ 22,612	26,182
% Change - Net sales	(12.00%)		(14.00%)
Net Sales \| Equipment Operations
Net Sales and Revenues
Net sales and revenues	$ 7,859	8,969	$ 22,612	26,182
Net Sales \| Agriculture and Turf
Net Sales and Revenues
Net sales	$ 5,672	5,946	$ 16,127	17,909
% Change - Net sales	(5.00%)		(10.00%)
Net Sales \| Construction and Forestry
Net Sales and Revenues
Net sales	$ 2,187	$ 3,023	$ 6,485	$ 8,273
% Change - Net sales	(28.00%)		(22.00%)

FINANCING RECEIVABLES - Past Du

FINANCING RECEIVABLES - Past Due Age Analysis (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Aug. 02, 2020	Aug. 02, 2020	May 03, 2020	Nov. 03, 2019	Jul. 28, 2019	Apr. 28, 2019	Oct. 28, 2018
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
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	$ 398	$ 398		$ 416	$ 410
Total Non-Performing	529	529		449	487
Current	32,556	32,556		32,863	31,537
Total Financing Receivables	33,483	33,483		33,728	32,434
Less allowance for credit losses	200	200	$ 195	150	185	$ 182	$ 178
Total financing receivables - net	$ 33,283	$ 33,283		33,578	32,249
COVID
Financing Receivable, Past Due
Financing receivables balance granted relief (as a percent)	5.00%	5.00%
COVID \| Maximum
Financing Receivable, Past Due
Payment deferral or reduced financing rates period	3 months
30-59 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	$ 261	$ 261		282	278
60-89 Days Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	121	121		128	127
90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	16	16		6	5
Retail Notes
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Financing Receivables	23,706	23,706			22,049
Less allowance for credit losses	125	125	$ 119	89	120	$ 115	$ 113
Retail Notes \| Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	196	196		212	202
Total Non-Performing	306	306		268	301
Current	19,255	19,255		18,931	18,038
Total Financing Receivables	19,757	19,757		19,411	18,541
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	131	131		138	136
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	63		73	63
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	2	2		1	3
Retail Notes \| Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	99	99		112	124
Total Non-Performing	102	102		127	135
Current	3,748	3,748		3,450	3,249
Total Financing Receivables	3,949	3,949		3,689	3,508
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	65	65		79	87
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	22	22		29	35
Retail Notes \| Construction and Forestry \| 90 Days or Greater Past Due
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	12	12		4	2
Other Financing Receivables \| Agriculture and Turf
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	56	56		59	60
Total Non-Performing	81	81		28	37
Current	8,161	8,161		8,986	8,833
Total Financing Receivables	8,298	8,298		9,073	8,930
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	37	37		39	38
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	17	17		19	22
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	2	2		1
Other Financing Receivables \| Construction and Forestry
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables
Total Past Due	47	47		33	24
Total Non-Performing	40	40		26	14
Current	1,392	1,392		1,496	1,417
Total Financing Receivables	1,479	1,479		1,555	1,455
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	28	28		26	17
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	$ 19	$ 19		$ 7	$ 7

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Allowance:
Beginning of period balance	$ 195	$ 182	$ 150	$ 178
Provision (credit)	18	26	124	62
Write-offs	(31)	(36)	(104)	(85)
Recoveries	15	13	34	33
Translation adjustments	3		(4)	(3)
End of period balance	200	185	200	185
Allowance for credit losses increase			50
Financing receivables:
End of period balance	33,483	32,434	33,483	32,434	$ 33,728
Balance individually evaluated	228	155	228	155
Retail Notes
Allowance:
Beginning of period balance	119	115	89	113
Provision (credit)	5	7	79	21
Write-offs	(7)	(9)	(47)	(29)
Recoveries	6	5	10	15
Translation adjustments	2	2	(6)
End of period balance	125	120	125	120
Financing receivables:
End of period balance	23,706	22,049	23,706	22,049
Balance individually evaluated	160	145	160	145
Revolving Charge Accounts
Allowance:
Beginning of period balance	43	43	40	43
Provision (credit)	14	18	32	34
Write-offs	(22)	(26)	(51)	(51)
Recoveries	8	8	22	17
End of period balance	43	43	43	43
Financing receivables:
End of period balance	3,997	3,877	3,997	3,877
Balance individually evaluated	1		1
Other Financing Receivables
Allowance:
Beginning of period balance	33	24	21	22
Provision (credit)	(1)	1	13	7
Write-offs	(2)	(1)	(6)	(5)
Recoveries	1		2	1
Translation adjustments	1	(2)	2	(3)
End of period balance	32	22	32	22
Financing receivables:
End of period balance	5,780	6,508	5,780	6,508
Balance individually evaluated	$ 67	$ 10	$ 67	$ 10

FINANCING RECEIVABLES - Impaire

FINANCING RECEIVABLES - Impaired (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Analysis of Impaired Financing Receivables
Recorded investment, with specific allowance	$ 92	$ 37	$ 40
Recorded investment, without specific allowance	36	35	32
Recorded Investment	128	72	72
Unpaid principal balance, with specific allowance	91	36	39
Unpaid principal balance, without specific allowance	33	33	31
Unpaid Principal Balance	124	69	70
Specific Allowance	23	13	13
Average recorded investment, with specific allowance	106	37	40
Average recorded investment, without specific allowance	38	39	37
Average Recorded Investment	144	76	77
Agriculture and Turf
Analysis of Impaired Financing Receivables
Recorded Investment	106	51	49
Unpaid Principal Balance	103	50	48
Specific Allowance	17	9	8
Average Recorded Investment	117	52	52
Construction and Forestry
Analysis of Impaired Financing Receivables
Recorded Investment	22	21	23
Unpaid Principal Balance	21	19	22
Specific Allowance	6	4	5
Average Recorded Investment	$ 27	$ 24	$ 25

FINANCING RECEIVABLES - Trouble

FINANCING RECEIVABLES - Troubled Debt Restructuring (Details) $ in Millions	9 Months Ended
	Aug. 02, 2020USD ($)item	Jul. 28, 2019USD ($)item
Financing Receivables Related to Troubled Debt Restructurings
Financing receivable contracts in troubled debt restructuring, number \| item	413	416
Financing receivables in troubled debt restructurings, aggregate balances, pre-modification	$ 99	$ 34
Financing receivables in troubled debt restructurings, aggregate balances, post-modification	88	$ 33
Commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings	$ 16

SECURITIZATION OF FINANCING R_3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	9 Months Ended
	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	$ 64,373	$ 61,580	$ 61,246
Short-term securitization borrowings	5,361	4,321	5,048
Accrued interest on borrowings - securitization transactions	4	6	4
Total liabilities related to restricted securitized assets - securitization transactions	$ 5,365	4,327	5,052
Maximum remaining term of all restricted securitized retail notes	7 years
Securitized
Securitization Transactions
Financing receivables securitized (retail notes)	$ 5,484	4,395	5,214
Allowance for credit losses - securitization transactions	(15)	(12)	(14)
Other assets - securitization transactions	104	82	98
Total restricted securitized assets - securitization transactions	5,573	4,465	5,298
VIE-Primary Beneficiary
Securitization Transactions
Total restricted securitized assets - securitization transactions	3,342	2,895	3,425
Total liabilities related to restricted securitized assets - securitization transactions	3,259	2,847	3,316
Non-VIE Banking Operation
Securitization Transactions
Total restricted securitized assets - securitization transactions	680	491	587
Total liabilities related to restricted securitized assets - securitization transactions	643	465	546
VIE-Not Primary Beneficiary
Securitization Transactions
Unconsolidated conduits, carrying value of liabilities	1,463
Unconsolidated conduits, maximum exposure to loss	1,551
Total Assets	41,000
Total restricted securitized assets - securitization transactions	1,551	1,079	1,286
Total liabilities related to restricted securitized assets - securitization transactions	$ 1,463	$ 1,015	$ 1,190

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
INVENTORIES
Raw materials and supplies	$ 2,101	$ 2,285	$ 2,365
Work-in-process	696	747	815
Finished goods and parts	4,427	4,613	5,345
Total FIFO value	7,224	7,645	8,525
Less adjustment to LIFO value	1,574	1,670	1,778
Inventories	$ 5,650	$ 5,975	$ 6,747

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 2,917	$ 3,101
Translation adjustments and other	67	(88)
Goodwill - net, ending balance	2,984	3,013
Accumulated impairment loss	0	0
Agriculture and Turf
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	574	583
Translation adjustments and other	2	(1)
Goodwill - net, ending balance	576	582
Construction and Forestry
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,343	2,518
Translation adjustments and other	65	(87)
Goodwill - net, ending balance	$ 2,408	$ 2,431

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Intangible Assets (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 04, 2019	Nov. 03, 2019	Jul. 28, 2019
Amortized intangible assets:
Total at cost	$ 1,536		$ 1,539	$ 1,582
Less accumulated amortization	358		282	261
Total amortized intangible assets - net	1,178		1,257	1,321
Unamortized intangible assets:
Other intangible assets - net	1,301	$ 1,357	1,380	1,444
Customer Lists and Relationships
Amortized intangible assets:
Total at cost	515		511	525
Less accumulated amortization	103		77	71
Technology, Patents, Trademarks and Other
Amortized intangible assets:
Total at cost	1,021		1,028	1,057
Less accumulated amortization	255		205	190
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
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 26	$ 27	$ 76	$ 82
Amortization expense of other intangible assets - remainder of 2020	25		25
Amortization expense of other intangible assets - 2021	101		101
Amortization expense of other intangible assets - 2022	100		100
Amortization expense of other intangible assets - 2023	99		99
Amortization expense of other intangible assets - 2024	96		96
Amortization expense of other intangible assets - 2025	$ 95		$ 95

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
LEASES - Lease Terms (Details)	Aug. 02, 2020
Lessee
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, Finance Lease, Existence of Option to Extend [true false]	true
Lessee, Operating Lease, Existence of Option to Terminate [true false]	true
Lessee, Finance Lease, Existence of Option to Terminate [true false]	true
Minimum
Lessee
Expected use period under lease	1 year
Renewal Term	1 year
Lessor
Financial Services segment lease period	1 year
Maximum
Lessee
Expected use period under lease	20 years
Renewal Term	10 years
Lessor
Financial Services segment lease period	7 years

LEASES - Lease Expense By Type

LEASES - Lease Expense By Type - (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Aug. 02, 2020	Aug. 02, 2020
Lease Expense by Type
Operating lease expense	$ 29	$ 92
Short-term lease expense	8	18
Variable lease expense	8	28
Finance lease:
Depreciation expense	3	10
Interest on lease liabilities	1	2
Total lease expense	$ 49	$ 150

LEASES - Lease Right of Use Ass

LEASES - Lease Right of Use Assets and Liabilities - (Details) $ in Millions	Aug. 02, 2020USD ($)
Lessee
Operating leases - Other assets	$ 341
Operating lease, right-of-use asset, Condensed Consolidated Balance Sheet location	us-gaap:OtherAssets
Operating leases - Accounts payable and accrued expenses	$ 318
Operating lease, liability, Condensed Consolidated Balance Sheet location	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Finance leases - Property and equipment - net	$ 56
Finance lease, right-of-use asset, Condensed Consolidated Balance Sheet location	us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Finance leases - Short-term borrowings	$ 18
Finance lease, liability, short-term, Condensed Consolidated Balance Sheet location	de:ShortTermBorrowingsIncludingLongTermDebtCurrent
Finance leases - Long-term borrowings	$ 33
Finance lease, liability, long-term, Condensed Consolidated Balance Sheet location	us-gaap:LongTermDebtNoncurrent
Total finance lease liabilities	$ 51

LEASES - Weighted Average Remai

LEASES - Weighted Average Remaining Lease Term and Discount Rates - (Details)	Aug. 02, 2020
Lessee
Weighted-average remaining lease term - operating leases	7 years
Weighted-average remaining lease term - finance leases	3 years
Weighted-average discount rate - operating leases (as a percent)	2.20%
Weighted-average discount rate - finance leases (as a percent)	2.40%

LEASES - Lease Payments - (Deta

LEASES - Lease Payments - (Details) $ in Millions	Aug. 02, 2020USD ($)
Operating Leases
Remainder of 2020	$ 30
2021	83
2022	71
2023	50
2024	39
2025	22
Later years	43
Total lease payments	338
Less imputed interest	20
Total operating lease liabilities	318
Finance Leases
Remainder of 2020	5
2021	18
2022	15
2023	10
2024	3
2025	1
Later years	2
Total lease payments	54
Less imputed interest	3
Total finance lease liabilities	$ 51

LEASES - Minimum Lease Payments

LEASES - Minimum Lease Payments (Details) $ in Millions	Nov. 03, 2019USD ($)
Operating Leases, Future Minimum Lease Payments under Previous Lease Standard
2020	$ 111
2021	77
2022	56
2023	39
2024	28
Later years	26
Total minimum lease payments under operating leases	337
Capital Leases, Future Minimum Lease Payments under Previous Lease Standard
2020	12
2021	10
2022	6
2023	2
2024	1
Later years	1
Total minimum lease payments under finance leases	$ 32

LEASES - Cash Flows (Details)

LEASES - Cash Flows (Details) $ in Millions	9 Months Ended
LEASES - Cash Flows (Details) $ in Millions	Aug. 02, 2020USD ($)
Cash Paid Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from operating leases	$ 92
Operating cash flows from finance leases	2
Financing cash flows from finance leases	16
Right of Use Assets Obtained in Exchange for Lease Liabilities
Operating leases	27
Finance leases	$ 37

LEASES - Lessor Lease Terms (De

LEASES - Lessor Lease Terms (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	9 Months Ended
	May 03, 2020	Aug. 02, 2020	Aug. 02, 2020
Lessor
Sales-type lease early termination options			true
Sales-type lease renewal options			true
Sales-type lease option to purchase the underlying equipment			true
Direct financing lease early termination options			true
Direct financing lease renewal options			true
Direct financing lease option to purchase the underlying equipment			true
Operating lease early termination options			true
Operating lease renewal options			true
Operating lease option to purchase the underlying equipment			true
Non-cash charge in other operating expenses for the impairment of equipment on operating leases, pretax	$ 22
Elected to combine lease and nonlease components		true	true
Elected to report consideration related to sales and value added taxes net of the related tax expense			true
COVID
Lessor
Operating lease portfolio granted relief (as a percent)		4.00%	4.00%
Maximum \| COVID
Lessor
Lease payment deferral period		3 months

LEASES - Lease Revenues (Detail

LEASES - Lease Revenues (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
LEASES - Lease Revenues (Details) - USD ($) $ in Millions	Aug. 02, 2020	Aug. 02, 2020
Lessor
Sales-type and direct finance lease revenues	$ 33	$ 101
Operating lease revenues	361	1,104
Variable lease revenues	6	17
Total lease revenues	$ 400	$ 1,222

LEASES - Sales-type and Direct

LEASES - Sales-type and Direct Financing Lease Receivables (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019
Sales-type and Direct Financing Lease Receivables
Total sales-type and direct financing lease receivables	$ 1,881	$ 1,930
Guaranteed residual values	238	232
Unguaranteed residual values	80	101
Less unearned finance income	223	212
Financing lease receivables	1,976	2,051
Agriculture and Turf
Sales-type and Direct Financing Lease Receivables
Total sales-type and direct financing lease receivables	902	897
Construction and Forestry
Sales-type and Direct Financing Lease Receivables
Total sales-type and direct financing lease receivables	$ 979	$ 1,033

LEASES - Scheduled Payments on

LEASES - Scheduled Payments on Sales-type and Direct Financings Leases Receivables, Current Year (Details) $ in Millions	Aug. 02, 2020USD ($)
Payments on Sales-type and Direct Financing Leases Receivables
Remainder of 2020	$ 296
2021	850
2022	488
2023	281
2024	146
2025	46
Later years	12
Total	$ 2,119

LEASES - Scheduled Payments o_2

LEASES - Scheduled Payments on Sales-type and Direct Financings Leases Receivables, Prior Year (Details) $ in Millions	Nov. 03, 2019USD ($)
Scheduled Payments on Finance Leases under the Previous Lease Standard
2020	$ 833
2021	557
2022	321
2023	153
2024	53
Later years	13
Total	$ 1,930

LEASES - Cost of Equipment on O

LEASES - Cost of Equipment on Operating Leases (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Cost of Equipment on Operating Leases
Equipment on operating leases - gross	$ 9,175	$ 9,422
Less accumulated depreciation	2,017	1,855
Equipment on operating leases - net	7,158	7,567	$ 7,269
Operating lease residual value	5,167	5,259
Operating lease residual value guarantees	691	647
Agriculture and Turf
Cost of Equipment on Operating Leases
Equipment on operating leases - gross	7,162	7,257
Construction and Forestry
Cost of Equipment on Operating Leases
Equipment on operating leases - gross	$ 2,013	$ 2,165

LEASES - Lease Payments for Equ

LEASES - Lease Payments for Equipment on Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended
	May 03, 2020	Aug. 02, 2020	Nov. 03, 2019
Lease Payments for Equipment on Operating Leases
Remainder of 2020		$ 300
2021		993
2022		633
2023		324
2024		140
2025		15
Total		2,405
Non-cash charge in other operating expenses for the impairment of matured operating lease inventory recorded in other assets, pretax	$ 10
Matured operating lease inventory		$ 106	$ 163
Rental Payments for Equipment on Operating Leases
2020			1,086
2021			759
2022			419
2023			193
2024			41
Total			$ 2,498

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period			5 years
Unamortized extended warranty premiums (deferred revenue)	$ 621	$ 542	$ 621	$ 542
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	1,767	1,714	1,800	1,652
Payments	(250)	(252)	(703)	(714)
Amortization of premiums received	(58)	(57)	(168)	(168)
Accruals for warranties	177	263	609	772
Premiums received	68	75	202	209
Foreign exchange	27	3	(9)	(5)
End of period balance	$ 1,731	$ 1,746	$ 1,731	$ 1,746

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	9 Months Ended
	Aug. 02, 2020USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 257
Restricted Assets and Other Contingent Liabilities
Other restricted assets	67
Miscellaneous contingent liabilities	50
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	343
Guarantee obligations accrued losses	$ 14
Guarantee obligations term	6 years

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 04, 2019	Nov. 03, 2019	Jul. 28, 2019
Fair Values of Financial Instruments
Financing receivables - net	$ 27,814		$ 29,195	$ 27,049
Financing receivables securitized - net	5,469		4,383	5,200
Short-term securitization borrowings	5,361		4,321	5,048
Long-term borrowings	34,037	$ 30,249	30,229	29,242
Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	6,672		7,433	7,927
Long-term borrowings	36,627		31,260	30,160
Level 3
Fair Values of Financial Instruments
Financing receivables - net	28,031		29,167	27,014
Financing receivables securitized - net	5,578		4,405	5,206
Level 2 and Level 3
Fair Values of Financial Instruments
Short-term securitization borrowings	5,418		4,347	5,071
Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	27,814		29,195	27,049
Financing receivables securitized - net	5,469		4,383	5,200
Short-term securitization borrowings	5,361		4,321	5,048
Long-term borrowings due within one year	6,621		7,428	7,931
Long-term borrowings	34,004		30,229	29,242
Equipment Operations
Fair Values of Financial Instruments
Financing receivables - net	111		65	100
Financing receivables securitized - net	37		44	54
Short-term securitization borrowings	37		44	53
Long-term borrowings	10,217		5,415	5,364
Equipment Operations \| Level 2
Fair Values of Financial Instruments
Long-term borrowings due within one year	504		645	1,013
Long-term borrowings	12,163		6,138	6,017
Equipment Operations \| Level 3
Fair Values of Financial Instruments
Financing receivables - net	102		61	93
Financing receivables securitized - net	34		43	52
Short-term securitization borrowings	37		45	54
Equipment Operations \| Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	111		65	100
Financing receivables securitized - net	37		44	54
Short-term securitization borrowings	37		44	53
Long-term borrowings due within one year	507		642	1,009
Long-term borrowings	10,184		5,415	5,364
Financial Services
Fair Values of Financial Instruments
Financing receivables - net	27,703		29,130	26,949
Financing receivables securitized - net	5,432		4,339	5,146
Short-term securitization borrowings	5,324		4,277	4,995
Long-term borrowings	23,820		24,814	23,878
Financial Services \| Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	5,381		4,302	5,017
Long-term borrowings due within one year	6,168		6,788	6,914
Long-term borrowings	24,464		25,122	24,143
Financial Services \| Level 3
Fair Values of Financial Instruments
Financing receivables - net	27,929		29,106	26,921
Financing receivables securitized - net	5,544		4,362	5,154
Financial Services \| Carrying Value
Fair Values of Financial Instruments
Financing receivables - net	27,703		29,130	26,949
Financing receivables securitized - net	5,432		4,339	5,146
Short-term securitization borrowings	5,324		4,277	4,995
Long-term borrowings due within one year	6,114		6,786	6,922
Long-term borrowings	$ 23,820		$ 24,814	$ 23,878

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019	Nov. 03, 2019
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 640	$ 565	$ 640	$ 565	$ 581
Derivative assets	961	320	961	320	384
Derivative liabilities	170	146	170	146	139
Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	961	320	961	320	384
Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	170	146	170	146	139
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	120	108	120	108	109
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| Equity Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Unrealized gain (loss) on equity securities	10	1	8	7
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 1 \| International Equity Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	2		2
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	68	59	68	59	59
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	50	49	50	49	50
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	515	453	515	453	471
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	961	320	961	320	384
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	170	146	170	146	139
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	895	265	895	265	363
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	115	99	115	99	65
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	57	53	57	53	20
Assets and Liabilities Measured at Fair Value on a Recurring Basis \| Level 2 \| Foreign Exchange Contracts \| Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	55	45	55	45	71
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	9	2	9	2	1
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	3
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	105	73	105	73	81
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	64	57	64	57	60
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	185	156	185	156	165
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	2	9	2	9	5
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	159	158	159	158	160
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	$ 5	$ 4	$ 5	$ 4	$ 1

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Debt Securities (Details) $ in Millions	Aug. 02, 2020USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 27
Amortized cost, due after one through five years	89
Amortized cost, due after five through 10 years	102
Amortized cost, due after 10 years	160
Amortized cost, mortgage-backed securities	150
Amortized cost, debt securities	528
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	24
Fair value, due after one through five years	95
Fair value, due after five through 10 years	114
Fair value, due after 10 years	178
Fair value, mortgage-backed securities	159
Fair value, debt securities	$ 570

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
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Fair Value, Recurring Level 3 Measurements from Available-for-Sale Marketable Securities
Beginning of period balance	$ 1	$ 4	$ 1	$ 8
Purchases	5		5
Principal payments	(1)		(1)	(5)
Other				1
End of period balance	$ 5	$ 4	$ 5	$ 4

FAIR VALUE MEASUREMENTS - Nonre

FAIR VALUE MEASUREMENTS - Nonrecurring Measurements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	May 03, 2020	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Other receivables	$ 1,217		$ 1,217	$ 1,487	$ 1,535
Equipment on operating leases - net	7,158		7,158	7,567	$ 7,269
Losses, Equipment on operating leases - net		$ 22
Fair Value, Nonrecurring Measurements \| Level 1
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Losses, Investments in unconsolidated affiliates			20
Fair Value, Nonrecurring Measurements \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Other receivables	1		1
Losses, Other receivables	2		2
Equipment on operating leases - net				855
Losses, Equipment on operating leases - net			22
Property and equipment - net	8		8
Losses, Property and equipment - net	5		67
Losses, Other intangible assets - net	2		2
Other assets	19		19	$ 142
Losses, Other assets			$ 34
Losses, Other assets	$ 24

DERIVATIVE INSTRUMENTS - Cash F

DERIVATIVE INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	9 Months Ended
	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Cash Flow Hedges
Cash flow hedge loss recorded in OCI to be reclassified within twelve months	$ (14)
Gains or losses reclassified from OCI to earnings	0
Interest Rate Contracts \| Cash Flow Hedges Member \| Designated as Hedging Instruments
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	$ 1,900	$ 3,150	$ 2,750

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Interest Rate Contracts - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Fair Value Hedges Member \| Designated as Hedging Instruments
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$ 8,850	$ 8,717	$ 9,245
Long-term Borrowings Due in One Year
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	480	412	187
Active Hedging Relationships	6	(1)	1
Discontinued Relationships	2	(4)	(5)
Total	8	(5)	(4)
Long-term Borrowings
Borrowings Designated in Fair Value Hedging Relationships
Carrying Amount of Hedged Item	9,140	8,532	9,154
Active Hedging Relationships	754	295	184
Discontinued Relationships	40	(32)	(50)
Total	$ 794	$ 263	$ 134

DERIVATIVE INSTRUMENTS - Not De

DERIVATIVE INSTRUMENTS - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 7,522	$ 9,166	$ 7,607
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	4,790	4,962	6,362
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 125	$ 92	$ 90

DERIVATIVE INSTRUMENTS - Fair_2

DERIVATIVE INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Fair Value of Derivative Instruments
Total derivative assets	$ 961	$ 384	$ 320
Total derivative liabilities	170	139	146
Other Assets
Fair Value of Derivative Instruments
Total derivative assets	961	384	320
Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	170	139	146
Designated as Hedging Instruments \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	806	332	232
Designated as Hedging Instruments \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	24	28	55
Designated as Hedging Instruments \| Interest Rate Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	806	332	232
Designated as Hedging Instruments \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	24	28	55
Not Designated as Hedging Instruments \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	155	52	88
Not Designated as Hedging Instruments \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	146	111	91
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	89	31	33
Not Designated as Hedging Instruments \| Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	91	37	44
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	57	20	53
Not Designated as Hedging Instruments \| Foreign Exchange Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	55	71	45
Not Designated as Hedging Instruments \| Cross-Currency Interest Rate Contracts \| Other Assets
Fair Value of Derivative Instruments
Total derivative assets	$ 9	1	2
Not Designated as Hedging Instruments \| Cross-Currency Interest Rate Contracts \| Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities		$ 3	$ 2

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statement of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (80)	$ (33)	$ 165	$ 39
Interest Rate Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(1)	(27)	(18)	(42)
Interest Rate Contracts \| Net Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(2)	(6)	(26)	(23)
Interest Rate Contracts \| Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	78	193	589	468
Cash flow hedges, reclassified from OCI	(7)	1	(13)	6
Not designated as hedges, gains (losses)	(1)	(7)	2	(25)
Foreign Exchange Contracts \| Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(28)	(8)	64	(1)
Foreign Exchange Contracts \| Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ (49)	$ (12)	$ 125	$ 88

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
Derivative instruments
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 115	$ 68	$ 101
Cash collateral received	332	0	0
Cash collateral paid		0	0
Derivative Assets
Gross amounts recognized	961	384	320
Netting arrangements	(120)	(70)	(70)
Collateral received	(332)	0	0
Net amount	509	314	250
Derivative Liabilities
Gross amounts recognized	170	139	146
Netting arrangements	(120)	(70)	(70)
Collateral paid		0	0
Net amount	50	$ 69	$ 76
International Futures Market
Derivative instruments
Cash collateral paid to participate in an international futures market	$ 8

STOCK OPTION AND RESTRICTED S_2

STOCK OPTION AND RESTRICTED STOCK AWARDS (Details) - $ / shares shares in Thousands	1 Months Ended	9 Months Ended
	Dec. 29, 2019	Aug. 02, 2020
Share-based Compensation, Aggregate Disclosures
Number of additional shares authorized for grant related to stock option and restricted stock awards		18,500
Stock Options
Share-based Compensation, Aggregate Disclosures
Options granted (in shares)	495
Options granted, exercise price (in dollars per share)	$ 169.70
Options granted, fair value (in dollars per share)	$ 35.83
Options outstanding (in shares)		6,100
Options outstanding, weighted-average exercise price (in dollars per share)		$ 100.84
Fair value assumptions method used	lattice model
Restricted Stock Units
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		362
Restricted Stock Units Subject to Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		295
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 168.73
Restricted Stock Units Subject to Performance/Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		67
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 160.81

SPECIAL ITEMS - Employee-Separa

SPECIAL ITEMS - Employee-Separation Programs (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended	12 Months Ended
	Nov. 01, 2020	Aug. 02, 2020	Feb. 02, 2020	Aug. 02, 2020	Oct. 31, 2021	Nov. 01, 2020
OPEB
Employee-Separation Programs
Curtailment expense				$ (21)
First Quarter of 2020 Voluntary Employee-Separation Program
Employee-Separation Programs
Total employee-separation programs' expenses, pretax		$ 2		$ 138
First Quarter of 2020 Voluntary Employee-Separation Program \| OPEB \| United States
Employee-Separation Programs
Curtailment expense			$ (21)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Curtailment Gain (Loss), Statement of Income or Comprehensive Income [Extensible List]			Other Cost of Operating Revenue
First Quarter of 2020 Voluntary Employee-Separation Program \| Forecasted
Employee-Separation Programs
Employee-separation programs savings					$ 85	$ 65
First Quarter of 2020 Voluntary Employee-Separation Program \| Agriculture and Turf
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				74.00%
First Quarter of 2020 Voluntary Employee-Separation Program \| Construction and Forestry
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				23.00%
First Quarter of 2020 Voluntary Employee-Separation Program \| Financial Services
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				3.00%
First Quarter of 2020 Voluntary Employee-Separation Program \| Operating Profit
Employee-Separation Programs
Total employee-separation programs' expenses, pretax				$ 115
First Quarter of 2020 Voluntary Employee-Separation Program \| Cost of Sales
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				36.00%
First Quarter of 2020 Voluntary Employee-Separation Program \| Research and Development
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				16.00%
First Quarter of 2020 Voluntary Employee-Separation Program \| Selling, Administrative, and General Expenses
Employee-Separation Programs
Employee-separation programs' expenses allocation (as a percent)				48.00%
Fourth Quarter of 2020 Employee-Separation Programs \| Forecasted
Employee-Separation Programs
Total employee-separation programs' expenses, pretax	$ 175
Employee-separation programs savings					$ 175

SPECIAL ITEMS - Impairments and

SPECIAL ITEMS - Impairments and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 02, 2020	May 03, 2020
Asset Impairment
Non-cash charge in other operating expenses for the impairment of equipment on operating leases, pretax		$ 22
Non-cash charge in other operating expenses for the impairment of matured operating lease inventory recorded in other assets, pretax		10
Construction and Forestry
Asset Impairment
Non-cash charge in equity in loss of unconsolidated affiliates for an other than temporary decline in value, pretax		20
Non-cash charge in equity in loss of unconsolidated affiliates for an other than temporary decline in value, after-tax		20
Construction and Forestry \| Cost of Sales
Asset Impairment
Non-cash charge for impairment of fixed assets, pretax		62
Non-cash charge for impairment of fixed assets, after-tax		62
Financial Services
Asset Impairment
Non-cash charge in other operating expenses for the impairment of equipment on operating leases, pretax		22
Non-cash charge in other operating expenses for the impairment of matured operating lease inventory recorded in other assets, pretax		10
Income tax benefit for the non-cash charge for impairments of equipment on operating leases and matured operating lease inventory		$ 9
Agriculture and Turf \| Sale Of German Walk-behind Lawn Mower Business
Asset Impairment
Non-cash impairment charge, pretax	$ 24
Non-cash impairment charge, after-tax	24
Assets and Liabilities Held for Sale
Total assets reclassified to other assets	19
Liabilities reclassified to accounts payable and accrued expenses	25
Agriculture and Turf \| Cost of Sales \| Closure of Small Agriculture Equipment Factory in China
Asset Impairment
Non-cash impairment charge, pretax	9
Non-cash impairment charge, after-tax	9
Severance expense, pretax	4
Severance expense, after-tax	$ 4

SPECIAL ITEMS - Redeemable Nonc

SPECIAL ITEMS - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	May 03, 2020	Aug. 02, 2020
Redeemable Noncontrolling Interest
Noncontrolling interest redemption		$ 14
Agriculture and Turf
Redeemable Noncontrolling Interest
Noncontrolling interest redemption (as a percent)	20.00%
Noncontrolling interest redemption	$ 14
Noncontrolling interest redemption gain or loss	$ 0

SUPPLEMENTAL CONSOLIDATING DA_3

SUPPLEMENTAL CONSOLIDATING DATA - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Net Sales and Revenues
Net sales and revenues	$ 8,925	$ 10,036	$ 25,809	$ 29,362
Costs and Expenses
Research and development expenses	370	431	1,201	1,295
Selling, administrative and general expenses	752	896	2,467	2,607
Interest expense	290	374	969	1,078
Total	7,655	8,923	23,042	26,099
Income of Consolidated Group before Income Taxes	1,270	1,113	2,767	3,263
Provision for income taxes	457	221	752	748
Income of Consolidated Group	813	892	2,015	2,515
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Net Income	811	899	1,995	2,535
Less: Net income attributable to noncontrolling interests	0	0	2	3
Net Income Attributable to Deere & Company	811	899	1,993	2,532
Net Sales
Net Sales and Revenues
Net sales	7,859	8,969	22,612	26,182
Costs and Expenses
Costs and expenses	5,835	6,870	17,206	20,056
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	838	884	2,584	2,537
Other
Net Sales and Revenues
Net sales and revenues	228	183	613	643
Costs and Expenses
Costs and expenses	408	352	1,199	1,063
Equipment Operations
Net Sales and Revenues
Net sales and revenues	8,090	9,184	23,284	26,875
Costs and Expenses
Research and development expenses	370	431	1,201	1,295
Selling, administrative and general expenses	616	751	1,989	2,191
Interest expense	91	67	237	182
Interest compensation to Financial Services	58	93	195	254
Total	7,065	8,277	21,016	24,183
Income of Consolidated Group before Income Taxes	1,025	907	2,268	2,692
Provision for income taxes	395	190	632	625
Income of Consolidated Group	630	717	1,636	2,067
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	181	182	359	468
Net Income	811	899	1,995	2,535
Less: Net income attributable to noncontrolling interests			2	3
Net Income Attributable to Deere & Company	811	899	1,993	2,532
Equipment Operations \| Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	183	175	381	450
Equipment Operations \| Other
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates	(2)	7	(22)	18
Equipment Operations \| Net Sales
Net Sales and Revenues
Net sales and revenues	7,859	8,969	22,612	26,182
Costs and Expenses
Costs and expenses	5,836	6,871	17,208	20,058
Equipment Operations \| Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	25	30	75	79
Equipment Operations \| Other
Net Sales and Revenues
Net sales and revenues	206	185	597	614
Costs and Expenses
Costs and expenses	94	64	186	203
Financial Services
Net Sales and Revenues
Net sales and revenues	951	1,003	2,916	2,911
Costs and Expenses
Selling, administrative and general expenses	137	147	483	422
Interest expense	206	311	747	910
Total	706	797	2,417	2,340
Income of Consolidated Group before Income Taxes	245	206	499	571
Provision for income taxes	62	31	120	123
Income of Consolidated Group	183	175	379	448
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates			2	2
Net Income	183	175	381	450
Net Income Attributable to Deere & Company	183	175	381	450
Financial Services \| Financial Services
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates			2	2
Financial Services \| Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	878	952	2,720	2,727
Financial Services \| Other
Net Sales and Revenues
Net sales and revenues	73	51	196	184
Costs and Expenses
Costs and expenses	$ 363	$ 339	$ 1,187	$ 1,008

SUPPLEMENTAL CONSOLIDATING DA_4

SUPPLEMENTAL CONSOLIDATING DATA - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 02, 2020	May 03, 2020	Nov. 04, 2019	Nov. 03, 2019	Jul. 28, 2019	Apr. 28, 2019	Oct. 28, 2018
Assets
Cash and cash equivalents	$ 8,190			$ 3,857	$ 3,383
Marketable securities	640			581	565
Receivables from unconsolidated subsidiaries and affiliates	26			46	54
Trade accounts and notes receivable - net	5,473			5,230	6,758
Financing receivables - net	27,814			29,195	27,049
Financing receivables securitized - net	5,469			4,383	5,200
Other receivables	1,217			1,487	1,535
Equipment on operating leases - net	7,158			7,567	7,269
Inventories	5,650			5,975	6,747
Property and equipment - net	5,754			5,973	5,798
Investments in unconsolidated subsidiaries and affiliates	199			215	219
Goodwill	2,984			2,917	3,013		$ 3,101
Other intangible assets - net	1,301		$ 1,357	1,380	1,444
Retirement benefits	1,031			840	1,431
Deferred income taxes	1,534			1,466	1,088
Other assets	2,824		2,301	1,899	1,977
Total Assets	77,264			73,011	73,530
Liabilities
Short-term borrowings	9,075		10,795	10,784	11,142
Short-term securitization borrowings	5,361			4,321	5,048
Payables to unconsolidated subsidiaries and affiliates	80			142	136
Accounts payable and accrued expenses	9,565		10,004	9,656	9,390
Deferred income taxes	479			495	507
Long-term borrowings	34,037		$ 30,249	30,229	29,242
Retirement benefits and other liabilities	5,776			5,953	5,781
Total liabilities	64,373			61,580	61,246
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest (Note 20)				14	14
Stockholders' Equity
Common stock, $1 par value (issued shares at August 2, 2020 - 536,431,204)	$ 4,750			4,642	4,599
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (17,671)			(17,474)	(17,121)
Retained earnings	31,128			29,852	29,369
Accumulated other comprehensive income (loss)	(5,319)			(5,607)	(4,581)
Total Deere & Company stockholders' equity	12,888			11,413	12,266
Noncontrolling interests	3			4	4
Total stockholders' equity	12,891	$ 11,865		11,417	12,270	$ 11,924	$ 11,291
Total Liabilities and Stockholders' Equity	77,264			73,011	73,530
Equipment Operations
Assets
Cash and cash equivalents	7,440			3,175	2,694
Marketable securities	8			1	5
Receivables from unconsolidated subsidiaries and affiliates	3,619			2,017	2,395
Trade accounts and notes receivable - net	1,251			1,482	1,606
Financing receivables - net	111			65	100
Financing receivables securitized - net	37			44	54
Other receivables	1,083			1,376	1,428
Inventories	5,650			5,975	6,747
Property and equipment - net	5,711			5,929	5,753
Investments in unconsolidated subsidiaries and affiliates	5,383			5,326	5,309
Goodwill	2,984			2,917	3,013
Other intangible assets - net	1,301			1,380	1,444
Retirement benefits	972			836	1,374
Deferred income taxes	1,865			1,896	1,579
Other assets	1,566			1,158	1,269
Total Assets	38,981			33,577	34,770
Liabilities
Short-term borrowings	853			987	1,372
Short-term securitization borrowings	37			44	53
Payables to unconsolidated subsidiaries and affiliates	80			142	136
Accounts payable and accrued expenses	8,834			9,232	9,422
Deferred income taxes	398			414	454
Long-term borrowings	10,217			5,415	5,364
Retirement benefits and other liabilities	5,671			5,912	5,685
Total liabilities	26,090			22,146	22,486
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest (Note 20)				14	14
Stockholders' Equity
Common stock, $1 par value (issued shares at August 2, 2020 - 536,431,204)	$ 4,750			4,642	4,599
Common stock, par value (in dollars per share)	$ 1
Common stock, issued shares	536,431,204
Common stock in treasury	$ (17,671)			(17,474)	(17,121)
Retained earnings	31,128			29,852	29,369
Accumulated other comprehensive income (loss)	(5,319)			(5,607)	(4,581)
Total Deere & Company stockholders' equity	12,888			11,413	12,266
Noncontrolling interests	3			4	4
Total stockholders' equity	12,891			11,417	12,270
Total Liabilities and Stockholders' Equity	38,981			33,577	34,770
Financial Services
Assets
Cash and cash equivalents	750			682	689
Marketable securities	632			580	560
Trade accounts and notes receivable - net	5,595			5,153	6,807
Financing receivables - net	27,703			29,130	26,949
Financing receivables securitized - net	5,432			4,339	5,146
Other receivables	162			116	126
Equipment on operating leases - net	7,158			7,567	7,269
Property and equipment - net	43			44	45
Investments in unconsolidated subsidiaries and affiliates	19			16	16
Retirement benefits	59			58	57
Deferred income taxes	56			57	72
Other assets	1,260			741	708
Total Assets	48,869			48,483	48,444
Liabilities
Short-term borrowings	8,222			9,797	9,770
Short-term securitization borrowings	5,324			4,277	4,995
Payables to unconsolidated subsidiaries and affiliates	3,593			1,970	2,341
Accounts payable and accrued expenses	2,134			1,836	1,641
Deferred income taxes	468			568	616
Long-term borrowings	23,820			24,814	23,878
Retirement benefits and other liabilities	105			94	97
Total liabilities	43,666			43,356	43,338
Commitments and contingencies (Note 16)
Stockholders' Equity
Common stock, $1 par value (issued shares at August 2, 2020 - 536,431,204)	2,121			2,107	2,107
Retained earnings	3,498			3,378	3,338
Accumulated other comprehensive income (loss)	(416)			(358)	(339)
Total Deere & Company stockholders' equity	5,203			5,127	5,106
Total stockholders' equity	5,203			5,127	5,106
Total Liabilities and Stockholders' Equity	$ 48,869			$ 48,483	$ 48,444

SUPPLEMENTAL CONSOLIDATING DA_5

SUPPLEMENTAL CONSOLIDATING DATA - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2020	Jul. 28, 2019	Aug. 02, 2020	Jul. 28, 2019
Cash Flows from Operating Activities
Net income	$ 811	$ 899	$ 1,995	$ 2,535
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses			123	58
Provision for depreciation and amortization			1,614	1,522
Impairment charges			147
Undistributed earnings of unconsolidated subsidiaries and affiliates			(5)	10
Credit for deferred income taxes			(160)	(332)
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			626	(2,206)
Inventories			(1)	(1,168)
Accounts payable and accrued expenses			(572)	(306)
Accrued income taxes payable/receivable			4	253
Retirement benefits			88	40
Other			135	(65)
Net cash provided by (used for) operating activities			4,057	404
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities			70	72
Proceeds from sales of equipment on operating leases			1,310	1,171
Purchases of marketable securities			(91)	(110)
Purchases of property and equipment			(594)	(756)
Cost of equipment on operating leases acquired			(1,312)	(1,462)
Collateral on derivatives - net			324	59
Other			(12)	(126)
Net cash used for investing activities			(1,517)	(2,129)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			170	(336)
Proceeds from long-term borrowings			8,331	7,440
Payments of long-term borrowings			(5,797)	(4,356)
Proceeds from issuance of common stock			111	133
Repurchases of common stock			(263)	(880)
Dividends paid			(718)	(703)
Other			(110)	(82)
Net cash provided by (used for) financing activities			1,724	1,216
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			80	(24)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			4,344	(533)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			3,956	4,015
Cash, Cash Equivalents, and Restricted Cash at End of Period	8,300	3,482	8,300	3,482
Equipment Operations
Cash Flows from Operating Activities
Net income	811	899	1,995	2,535
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses			6	1
Provision for depreciation and amortization			787	782
Impairment charges			115
Undistributed earnings of unconsolidated subsidiaries and affiliates			(124)	(62)
Credit for deferred income taxes			(57)	(123)
Changes in assets and liabilities:
Trade receivables and Equipment Operations' financing receivables			116	(248)
Inventories			387	(670)
Accounts payable and accrued expenses			(567)	50
Accrued income taxes payable/receivable			(25)	(282)
Retirement benefits			77	35
Other			145	(59)
Net cash provided by (used for) operating activities			2,855	1,959
Cash Flows from Investing Activities
Proceeds from maturities and sales of marketable securities				9
Purchases of marketable securities				(3)
Purchases of property and equipment			(591)	(754)
Collateral on derivatives - net			(6)
Other			(55)	(64)
Net cash used for investing activities			(652)	(812)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			(32)	(119)
Change in intercompany receivables/payables			(1,468)	(683)
Proceeds from long-term borrowings			4,592	868
Payments of long-term borrowings			(179)	(194)
Proceeds from issuance of common stock			111	133
Repurchases of common stock			(263)	(880)
Dividends paid			(718)	(703)
Other			(86)	(52)
Net cash provided by (used for) financing activities			1,957	(1,630)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			95	(16)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			4,255	(499)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			3,196	3,202
Cash, Cash Equivalents, and Restricted Cash at End of Period	7,451	2,703	7,451	2,703
Financial Services
Cash Flows from Operating Activities
Net income	183	175	381	450
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses			117	57
Provision for depreciation and amortization			925	836
Impairment charges			32
Undistributed earnings of unconsolidated subsidiaries and affiliates			(1)	(1)
Credit for deferred income taxes			(103)	(209)
Changes in assets and liabilities:
Accounts payable and accrued expenses			(38)	23
Accrued income taxes payable/receivable			29	535
Retirement benefits			11	5
Other			89	140
Net cash provided by (used for) operating activities			1,442	1,836
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)			14,352	13,807
Proceeds from maturities and sales of marketable securities			70	63
Proceeds from sales of equipment on operating leases			1,310	1,171
Cost of receivables acquired (excluding trade and wholesale)			(15,367)	(14,597)
Purchases of marketable securities			(91)	(107)
Purchases of property and equipment			(3)	(2)
Cost of equipment on operating leases acquired			(1,836)	(2,135)
Decrease (increase) in trade and wholesale receivables			423	(2,551)
Collateral on derivatives - net			330	59
Other			(46)	(47)
Net cash used for investing activities			(858)	(4,339)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings			202	(217)
Change in intercompany receivables/payables			1,468	683
Proceeds from long-term borrowings			3,739	6,572
Payments of long-term borrowings			(5,618)	(4,162)
Dividends paid			(260)	(377)
Other			(11)	(22)
Net cash provided by (used for) financing activities			(480)	2,477
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash			(15)	(8)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash			89	(34)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period			760	813
Cash, Cash Equivalents, and Restricted Cash at End of Period	$ 849	$ 779	$ 849	$ 779