Deere & Company (DE) 10-Q 1 Jun 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Apr. 30, 2023 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2023
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	293,192,141
Current Fiscal Year End Date	--10-29
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
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
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

STATEMENTS OF CONSOLIDATED INCO

STATEMENTS OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Net Sales and Revenues
Net sales and revenues	$ 17,387	$ 13,370	$ 30,038	$ 22,939
Costs and Expenses
Research and development expenses	547	453	1,043	855
Selling, administrative and general expenses	1,330	932	2,283	1,713
Interest expense	569	187	1,049	417
Other operating expenses	363	328	660	638
Total	13,539	10,818	23,698	19,236
Income of Consolidated Group before Income Taxes	3,848	2,552	6,340	3,703
Provision for income taxes	991	461	1,528	710
Income of Consolidated Group	2,857	2,091	4,812	2,993
Equity in income of unconsolidated affiliates	2	6	3	8
Net Income	2,859	2,097	4,815	3,001
Less: Net loss attributable to noncontrolling interests	(1)	(1)	(4)
Net Income Attributable to Deere & Company	$ 2,860	$ 2,098	$ 4,819	$ 3,001
Per Share Data
Basic (in dollars per share)	$ 9.69	$ 6.85	$ 16.26	$ 9.78
Diluted (in dollars per share)	9.65	6.81	16.18	9.72
Dividends declared (in dollars per share)	1.25	1.05	2.45	2.10
Dividends paid (in dollars per share)	$ 1.20	$ 1.05	$ 2.33	$ 2.10
Average Shares Outstanding
Basic (in shares)	295.1	306.2	296.3	306.8
Diluted (in shares)	296.5	308.1	297.8	308.8
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 16,079	$ 12,034	$ 27,481	$ 20,565
Cost of Sales
Cost of sales	10,730	8,918	18,663	15,613
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	1,079	796	2,073	1,595
Other income
Net Sales and Revenues
Net sales and revenues	$ 229	$ 540	$ 484	$ 779

STATEMENTS OF CONSOLIDATED COMP

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME
Net Income	$ 2,859	$ 2,097	$ 4,815	$ 3,001
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	(247)	129	(258)	(216)
Cumulative translation adjustment	100	(248)	781	(515)
Unrealized gain (loss) on derivatives	(18)	28	(31)	42
Unrealized gain (loss) on debt securities	(1)	(48)	26	(63)
Other Comprehensive Income (Loss), Net of Income Taxes	(166)	(139)	518	(752)
Comprehensive Income of Consolidated Group	2,693	1,958	5,333	2,249
Less: Comprehensive income (loss) attributable to noncontrolling interests	1	(5)	6	(4)
Comprehensive Income Attributable to Deere & Company	$ 2,692	$ 1,963	$ 5,327	$ 2,253

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
ASSETS
Cash and cash equivalents	$ 5,267	$ 4,774	$ 3,878
Marketable securities	856	734	682
Trade accounts and notes receivable - net	9,971	6,410	6,258
Other receivables	2,593	2,492	2,306
Equipment on operating leases - net	6,524	6,623	6,465
Inventories	9,713	8,495	9,030
Property and equipment - net	6,288	6,056	5,715
Goodwill	3,963	3,687	3,812
Other intangible assets - net	1,222	1,218	1,352
Retirement benefits	3,519	3,730	3,059
Deferred income taxes	1,308	824	1,104
Other assets	2,510	2,417	2,280
Total Assets	98,347	90,030	84,099
LIABILITIES
Short-term borrowings	17,109	12,592	12,413
Short-term securitization borrowings	5,379	5,711	4,006
Accounts payable and accrued expenses	14,716	14,822	12,679
Deferred income taxes	511	495	584
Long-term borrowings	35,611	33,596	32,447
Retirement benefits and other liabilities	2,520	2,457	2,964
Total liabilities	75,846	69,673	65,093
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	102	92	99
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at April 30, 2023 - 536,431,204)	5,227	5,165	5,117
Common stock in treasury	(26,630)	(24,094)	(21,727)
Retained earnings	46,336	42,247	38,805
Accumulated other comprehensive income (loss)	(2,538)	(3,056)	(3,291)
Total Deere & Company stockholders' equity	22,395	20,262	18,904
Noncontrolling interests	4	3	3
Total stockholders' equity	22,399	20,265	18,907
Total Liabilities and Stockholders' Equity	98,347	90,030	84,099
Unrestricted
ASSETS
Financing receivables - net	38,954	36,634	34,085
Securitized
ASSETS
Financing receivables - net	$ 5,659	$ 5,936	$ 4,073
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Other assets	$ 115	$ 155	$ 124
Total Assets	$ 5,774	$ 6,091	$ 4,197

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)	Apr. 30, 2023 $ / shares shares
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share) | $ / shares	$ 1
Common stock, issued shares | shares	536,431,204

STATEMENTS OF CONSOLIDATED CASH

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	May 01, 2022
Cash Flows from Operating Activities
Net income	$ 4,815	$ 3,001
Adjustments to reconcile net income to net cash used for operating activities:
Provision (credit) for credit losses	(89)	45
Provision for depreciation and amortization	995	933
Impairments and other adjustments	173
Impairments and other adjustments		77
Share-based compensation expense	54	44
Gain on remeasurement of previously held equity investment		(326)
Provision (credit) for deferred income taxes	(377)	37
Changes in assets and liabilities:
Receivables related to sales	(4,407)	(1,535)
Inventories	(982)	(2,265)
Accounts payable and accrued expenses	(313)	(443)
Accrued income taxes payable/receivable	(96)	(139)
Retirement benefits	(68)	(1,020)
Other	148	(171)
Net cash used for operating activities	(147)	(1,762)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	12,593	11,190
Proceeds from sales of equipment on operating leases	993	1,035
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold	36
Cost of receivables acquired (excluding receivables related to sales)	(13,451)	(11,971)
Acquisitions of businesses, net of cash acquired	(41)	(473)
Purchases of property and equipment	(584)	(346)
Cost of equipment on operating leases acquired	(1,229)	(1,004)
Collateral on derivatives - net	367	(248)
Other	(178)	(71)
Net cash used for investing activities	(1,494)	(1,888)
Cash Flows from Financing Activities
Increase in total short-term borrowings	3,992	812
Proceeds from long-term borrowings	4,868	4,298
Payments of long-term borrowings	(3,567)	(3,625)
Proceeds from issuance of common stock	30	50
Repurchases of common stock	(2,546)	(1,226)
Dividends paid	(697)	(649)
Other	(63)	(46)
Net cash provided by (used for) financing activities	2,017	(386)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	70	(110)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	446	(4,146)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	4,941	8,125
Cash, Cash Equivalents, and Restricted Cash at End of Period	5,387	3,979
Components of Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	5,267	3,878
Restricted cash (Other assets)	$ 120	$ 101
Balance sheet location of restricted cash	Other assets	Other assets
Total Cash, Cash Equivalents, and Restricted Cash	$ 5,387	$ 3,979

STATEMENTS OF CHANGES IN CONSOL

STATEMENTS OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total
Balance at Oct. 31, 2021	$ 5,054		$ 36,449	$ (2,539)	$ 3	$ 18,434
Balance at Oct. 31, 2021		$ (20,533)
Increase (Decrease) in Stockholders' Equity
Net income			3,001		1	3,002
Other comprehensive income (loss)				(752)		(752)
Repurchases of common stock		(1,226)				(1,226)
Treasury shares reissued		32				32
Dividends declared			(645)		(1)	(646)
Share based awards and other	63					63
Balance at May. 01, 2022	5,117		38,805	(3,291)	3	18,907
Balance at May. 01, 2022		(21,727)				(21,727)
Increase (Decrease) in Redeemable Noncontrolling Interest
Acquisitions						105
Net loss						(1)
Other comprehensive income (loss)						(4)
Other						(1)
Redeemable Noncontrolling Interest - Balance at May. 01, 2022						99
Balance at Jan. 30, 2022	5,066		37,029	(3,152)	4	17,808
Balance at Jan. 30, 2022		(21,139)
Increase (Decrease) in Stockholders' Equity
Net income			2,098			2,098
Other comprehensive income (loss)				(139)		(139)
Repurchases of common stock		(603)				(603)
Treasury shares reissued		15				15
Dividends declared			(322)		(1)	(323)
Share based awards and other	51					51
Balance at May. 01, 2022	5,117		38,805	(3,291)	3	18,907
Balance at May. 01, 2022		(21,727)				(21,727)
Increase (Decrease) in Redeemable Noncontrolling Interest
Acquisitions						105
Net loss						(1)
Other comprehensive income (loss)						(4)
Other						(1)
Redeemable Noncontrolling Interest - Balance at May. 01, 2022						99
Balance at Oct. 30, 2022	5,165		42,247	(3,056)	3	20,265
Balance at Oct. 30, 2022		(24,094)				(24,094)
Increase (Decrease) in Stockholders' Equity
Net income			4,819		1	4,820
Other comprehensive income (loss)				518		518
Repurchases of common stock		(2,558)				(2,558)
Treasury shares reissued		22				22
Dividends declared			(725)		(1)	(726)
Share based awards and other	62		(5)		1	58
Balance at Apr. 30, 2023	5,227		46,336	(2,538)	4	22,399
Balance at Apr. 30, 2023		(26,630)				(26,630)
Redeemable Noncontrolling Interest - Balance at Oct. 30, 2022						92
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(5)
Other comprehensive income (loss)						10
Other						5
Redeemable Noncontrolling Interest - Balance at Apr. 30, 2023						102
Balance at Jan. 29, 2023	5,191		43,846	(2,372)	4	21,336
Balance at Jan. 29, 2023		(25,333)
Increase (Decrease) in Stockholders' Equity
Net income			2,860		1	2,861
Other comprehensive income (loss)				(166)		(166)
Repurchases of common stock		(1,301)				(1,301)
Treasury shares reissued		4				4
Dividends declared			(369)		(1)	(370)
Share based awards and other	36		(1)			35
Balance at Apr. 30, 2023	$ 5,227		$ 46,336	$ (2,538)	$ 4	22,399
Balance at Apr. 30, 2023		$ (26,630)				(26,630)
Redeemable Noncontrolling Interest - Balance at Jan. 29, 2023						100
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(2)
Other comprehensive income (loss)						2
Other						2
Redeemable Noncontrolling Interest - Balance at Apr. 30, 2023						$ 102

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	6 Months Ended
	Apr. 30, 2023
ORGANIZATION AND CONSOLIDATION
ORGANIZATION AND CONSOLIDATION	(1)    Organization and Consolidation Deere & Company has been developing innovative solutions to help its customers become more profitable for more than 185 years. References to Deere & Company, John Deere, Deere, or the Company include its consolidated subsidiaries and consolidated variable interest entities (VIEs). The Company is managed through the following operating segments: production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). References to “equipment operations” include production and precision agriculture, small agriculture and turf, and construction and forestry, while references to “agriculture and turf” include both production and precision agriculture and small agriculture and turf. The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The second quarter ends for fiscal year 2023 and 2022 were April 30, 2023 and May 1, 2022, respectively. Both second quarters contained 13 weeks, while both year-to-date periods contained 26 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to the Company’s fiscal years generally ending in October and the associated periods in those fiscal years. ​

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS	6 Months Ended
	Apr. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS	(2)    Summary of Significant Accounting Policies and New Accounting Standards Quarterly Financial Statements T Use of Estimates in Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates. New Accounting Standards The Company closely monitors all Accounting Standard Updates (ASUs) issued by the Financial Accounting Standards Board and other authoritative guidance. ASUs adopted in 2023 did not have a material impact on the Company’s financial statements. ASUs to be adopted in future periods are being evaluated and at this point are not expected to have a material impact on the Company’s financial statements

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Apr. 30, 2023
REVENUE RECOGNITION
REVENUE RECOGNITION	(3)  Revenue Recognition The Company’s net sales and revenues by primary geographic market, major product line, and timing of revenue recognition in millions of dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended April 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 4,058 ​ $ 2,241 ​ $ 2,561 ​ $ 766 ​ $ 9,626 ​ Canada ​ ​ 546 ​ ​ 189 ​ ​ 302 ​ 153 ​ 1,190 ​ Western Europe ​ ​ 758 ​ ​ 888 ​ ​ 492 ​ 31 ​ 2,169 ​ Central Europe and CIS ​ ​ 393 ​ ​ 212 ​ ​ 90 ​ 8 ​ 703 ​ Latin America ​ ​ 1,543 ​ ​ 201 ​ ​ 388 ​ 106 ​ 2,238 ​ Asia, Africa, Oceania, and Middle East ​ ​ 614 ​ ​ 469 ​ ​ 335 ​ ​ 43 ​ ​ 1,461 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 7,733 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,733 ​ Small agriculture ​ ​ ​ ​ $ 2,952 ​ ​ ​ ​ ​ ​ 2,952 ​ Turf ​ ​ ​ ​ ​ 1,099 ​ ​ ​ ​ ​ ​ 1,099 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,813 ​ ​ ​ 1,813 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 663 ​ ​ ​ ​ ​ 663 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,134 ​ ​ ​ 1,134 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 429 ​ ​ ​ 429 ​ Financial products ​ ​ 29 ​ ​ 20 ​ ​ 12 ​ $ 1,107 ​ 1,168 ​ Other ​ ​ 150 ​ ​ 129 ​ ​ 117 ​ ​ ​ 396 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 7,861 ​ $ 4,171 ​ $ 4,146 ​ $ 27 ​ $ 16,205 ​ Over time ​ ​ 51 ​ ​ 29 ​ ​ 22 ​ ​ 1,080 ​ ​ 1,182 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended April 30, 2023 ​ ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 6,686 ​ $ 3,906 ​ $ 4,461 ​ $ 1,479 ​ $ 16,532 ​ Canada ​ ​ 906 ​ ​ 335 ​ ​ 577 ​ 303 ​ 2,121 ​ Western Europe ​ ​ 1,259 ​ ​ 1,452 ​ ​ 857 ​ 60 ​ 3,628 ​ Central Europe and CIS ​ ​ 595 ​ ​ 335 ​ ​ 165 ​ 20 ​ 1,115 ​ Latin America ​ ​ 2,780 ​ ​ 357 ​ ​ 727 ​ 201 ​ 4,065 ​ Asia, Africa, Oceania, and Middle East ​ ​ 989 ​ ​ 869 ​ ​ 635 ​ ​ 84 ​ ​ 2,577 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 12,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 12,845 ​ Small agriculture ​ ​ ​ ​ $ 5,146 ​ ​ ​ ​ ​ ​ 5,146 ​ Turf ​ ​ ​ ​ ​ 1,818 ​ ​ ​ ​ ​ ​ 1,818 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 3,295 ​ ​ ​ 3,295 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,136 ​ ​ ​ ​ ​ 1,136 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,952 ​ ​ ​ 1,952 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 785 ​ ​ ​ ​ 785 ​ Financial products ​ ​ 60 ​ ​ 38 ​ ​ 25 ​ $ 2,147 ​ 2,270 ​ Other ​ ​ 310 ​ ​ 252 ​ ​ 229 ​ ​ ​ 791 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 13,109 ​ $ 7,200 ​ $ 7,375 ​ $ 50 ​ $ 27,734 ​ Over time ​ ​ 106 ​ ​ 54 ​ ​ 47 ​ ​ 2,097 ​ ​ 2,304 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended May 1, 2022 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 2,434 ​ $ 2,103 ​ $ 2,108 ​ $ 569 ​ $ 7,214 ​ Canada ​ ​ 309 ​ ​ 161 ​ ​ 355 ​ 149 ​ 974 ​ Western Europe ​ ​ 536 ​ ​ 658 ​ ​ 464 ​ ​ 25 ​ 1,683 ​ Central Europe and CIS ​ ​ 404 ​ ​ 151 ​ ​ 146 ​ ​ 11 ​ 712 ​ Latin America ​ ​ 1,126 ​ ​ 134 ​ ​ 333 ​ ​ 73 ​ 1,666 ​ Asia, Africa, Oceania, and Middle East ​ ​ 367 ​ ​ 399 ​ ​ 318 ​ ​ 37 ​ ​ 1,121 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 5,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,032 ​ Small agriculture ​ ​ ​ ​ $ 2,668 ​ ​ ​ ​ ​ ​ 2,668 ​ Turf ​ ​ ​ ​ ​ 817 ​ ​ ​ ​ ​ ​ 817 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,516 ​ ​ ​ 1,516 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 427 ​ ​ ​ ​ ​ 427 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,017 ​ ​ ​ 1,017 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 325 ​ ​ ​ 325 ​ Financial products ​ ​ 10 ​ ​ 9 ​ ​ 6 ​ $ 864 ​ 889 ​ Other ​ ​ 134 ​ ​ 112 ​ ​ 433 ​ ​ ​ 679 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,144 ​ $ 3,593 ​ $ 3,707 ​ $ 26 ​ $ 12,470 ​ Over time ​ ​ 32 ​ ​ 13 ​ ​ 17 ​ ​ 838 ​ ​ 900 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended May 1, 2022 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 4,042 ​ $ 3,541 ​ $ 3,368 ​ $ 1,142 ​ $ 12,093 ​ Canada ​ ​ 448 ​ ​ 283 ​ ​ 687 ​ ​ 301 ​ 1,719 ​ Western Europe ​ ​ 1,003 ​ ​ 1,190 ​ ​ 822 ​ ​ 51 ​ 3,066 ​ Central Europe and CIS ​ ​ 606 ​ ​ 277 ​ ​ 341 ​ ​ 22 ​ 1,246 ​ Latin America ​ ​ 1,902 ​ ​ 238 ​ ​ 561 ​ ​ 141 ​ 2,842 ​ Asia, Africa, Oceania, and Middle East ​ ​ 608 ​ ​ 751 ​ ​ 537 ​ ​ 77 ​ ​ 1,973 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 8,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,315 ​ Small agriculture ​ ​ ​ ​ $ 4,600 ​ ​ ​ ​ ​ ​ ​ 4,600 ​ Turf ​ ​ ​ ​ ​ 1,444 ​ ​ ​ ​ ​ ​ ​ 1,444 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 2,691 ​ ​ ​ ​ 2,691 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 748 ​ ​ ​ ​ ​ 748 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,709 ​ ​ ​ ​ 1,709 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 630 ​ ​ ​ ​ 630 ​ Financial products ​ ​ 22 ​ ​ 20 ​ ​ 11 ​ $ 1,734 ​ 1,787 ​ Other ​ ​ 272 ​ ​ 216 ​ ​ 527 ​ ​ ​ ​ 1,015 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 8,540 ​ $ 6,247 ​ $ 6,277 ​ $ 50 ​ $ 21,114 ​ Over time ​ ​ 69 ​ ​ 33 ​ ​ 39 ​ ​ 1,684 ​ ​ 1,825 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​ The Company invoices in advance of recognizing the sale of certain products and the revenue for certain services. These relate to extended warranty premiums, 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 sheets. The deferred revenue received, but not recognized in revenue, including extended warranty premiums also shown in Note 16, was $1,622 million, $1,423 million, and $1,423 million at April 30, 2023, October 30, 2022, and May 1, 2022, respectively. The contract liability is reduced as the revenue is recognized. During the three months ended April 30, 2023 and May 1, 2022, $129 million and $130 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 six months ended April 30, 2023 and May 1, 2022, $343 million and $395 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 amount of unsatisfied performance obligations for contracts with an original duration greater than one year was $1,378 million at April 30, 2023. The estimated revenue to be recognized by fiscal year follows in millions of dollars: remainder of 2023 2024 2025 2026 2027 2028 later years

OTHER COMPREHENSIVE INCOME ITEM

OTHER COMPREHENSIVE INCOME ITEMS	6 Months Ended
	Apr. 30, 2023
OTHER COMPREHENSIVE INCOME ITEMS
OTHER COMPREHENSIVE INCOME ITEMS	(4)   Other Comprehensive Income Items The after-tax components of accumulated other comprehensive income (loss) in millions of dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ ​ 2023 ​ 2022 ​ 2022 ​ Retirement benefits adjustment ​ $ (647) ​ $ (389) ​ $ (1,250) ​ Cumulative translation adjustment ​ ​ (1,813) ​ ​ (2,594) ​ ​ (1,993) ​ Unrealized gain (loss) on derivatives ​ ​ (10) ​ ​ 21 ​ ​ ​ ​ Unrealized gain (loss) on debt securities ​ ​ (68) ​ ​ (94) ​ ​ (48) ​ Total accumulated other comprehensive income (loss) ​ $ (2,538) ​ $ (3,056) ​ $ (3,291) ​ ​ Following are amounts recorded in and reclassifications out of other comprehensive income (loss), and the income tax effects, in millions of dollars. Retirement benefits adjustment reclassifications for actuarial (gain) loss, prior service (credit) cost, and settlements are included in net periodic pension and other postretirement benefit costs (see Note 6). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended April 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment ​ $ 100 ​ ​ ​ ​ $ 100 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (4) ​ $ 1 ​ ​ (3) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (19) ​ ​ 4 ​ ​ (15) ​ Net unrealized gain (loss) on derivatives ​ ​ (23) ​ ​ 5 ​ ​ (18) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (2) ​ ​ 1 ​ ​ (1) ​ Net unrealized gain (loss) on debt securities ​ ​ (2) ​ ​ 1 ​ ​ (1) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (349) ​ ​ 83 ​ ​ (266) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ (20) ​ ​ 5 ​ ​ (15) ​ Prior service (credit) cost – Other operating expenses ​ ​ 10 ​ ​ (2) ​ ​ 8 ​ Settlements – Other operating expenses ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (323) ​ ​ 76 ​ ​ (247) ​ Total other comprehensive income (loss) $ (248) ​ $ 82 ​ $ (166) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Six Months Ended April 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 771 ​ $ 10 ​ $ 781 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (5) ​ ​ 1 ​ ​ (4) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (34) ​ ​ 7 ​ ​ (27) ​ Net unrealized gain (loss) on derivatives ​ ​ (39) ​ ​ 8 ​ ​ (31) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 33 ​ ​ (7) ​ ​ 26 ​ Net unrealized gain (loss) on debt securities ​ ​ 33 ​ ​ (7) ​ ​ 26 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (350) ​ ​ 83 ​ ​ (267) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ (41) ​ ​ 10 ​ ​ (31) ​ Prior service (credit) cost – Other operating expenses ​ ​ 19 ​ ​ (5) ​ ​ 14 ​ Settlements – Other operating expenses ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (336) ​ ​ 78 ​ ​ (258) ​ Total other comprehensive income (loss) $ 429 ​ $ 89 ​ $ 518 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended May 1, 2022 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (243) ​ $ (5) ​ $ (248) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 35 ​ ​ (7) ​ ​ 28 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 1 ​ ​ (1) ​ ​ ​ ​ Net unrealized gain (loss) on derivatives ​ ​ 36 ​ ​ (8) ​ ​ 28 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (61) ​ ​ 13 ​ ​ (48) ​ Net unrealized gain (loss) on debt securities ​ ​ (61) ​ ​ 13 ​ ​ (48) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ 128 ​ ​ (30) ​ ​ 98 ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ 27 ​ ​ (7) ​ ​ 20 ​ Prior service (credit) cost – Other operating expenses ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Settlements – Other operating expenses ​ ​ 7 ​ ​ (2) ​ ​ 5 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ 170 ​ ​ (41) ​ ​ 129 ​ Total other comprehensive income (loss) $ (98) ​ $ (41) ​ $ (139) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Six Months Ended May 1, 2022 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (507) $ (8) ​ $ (515) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 50 ​ ​ (10) ​ ​ 40 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 3 ​ ​ (1) ​ ​ 2 ​ Net unrealized gain (loss) on derivatives ​ ​ 53 ​ ​ (11) ​ ​ 42 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (80) ​ ​ 17 ​ ​ (63) ​ Net unrealized gain (loss) on debt securities ​ ​ (80) ​ ​ 17 ​ ​ (63) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) and prior service credit (cost) ​ ​ (372) ​ ​ 90 ​ ​ (282) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ 67 ​ ​ (17) ​ ​ 50 ​ Prior service (credit) cost – Other operating expenses ​ ​ 14 ​ ​ (4) ​ ​ 10 ​ Settlements – Other operating expenses ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (283) ​ ​ 67 ​ ​ (216) ​ Total other comprehensive income (loss) $ (817) ​ $ 65 ​ $ (752) ​ ​

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Apr. 30, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	(5)   Earnings Per Share A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions (except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Net income attributable to Deere & Company $ 2,860 $ 2,098 $ 4,819 $ 3,001 ​ Average shares outstanding ​ ​ 295.1 ​ 306.2 ​ ​ 296.3 ​ 306.8 ​ Basic per share ​ $ 9.69 ​ $ 6.85 ​ $ 16.26 ​ $ 9.78 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average shares outstanding ​ ​ 295.1 ​ 306.2 ​ ​ 296.3 ​ 306.8 ​ Effect of dilutive share-based compensation ​ ​ 1.4 ​ 1.9 ​ ​ 1.5 ​ 2.0 ​ Total potential shares outstanding ​ ​ 296.5 ​ 308.1 ​ ​ 297.8 ​ 308.8 ​ Diluted per share ​ $ 9.65 ​ $ 6.81 ​ $ 16.18 ​ $ 9.72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares excluded from EPS calculation, as antidilutive ​ ​ .2 ​ ​ .2 ​ ​ .1 ​ ​ .1 ​ ​

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Apr. 30, 2023
PENSION AND OTHER POSTRETIREMENT BENEFITS
PENSION AND OTHER POSTRETIREMENT BENEFITS	(6)   Pension and Other Postretirement Employee Benefits The Company has several defined benefit pension plans and other postretirement employee benefit (OPEB) plans, primarily health care and life insurance plans, covering its U.S. employees and employees in certain foreign countries. The components of net periodic pension and OPEB (benefit) cost consisted of the following in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Pension ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 64 $ 94 $ 124 $ 179 ​ Interest cost ​ ​ 134 ​ 80 ​ ​ 267 ​ 157 ​ Expected return on plan assets ​ ​ (220) ​ (180) ​ ​ (432) ​ (362) ​ Amortization of actuarial (gain) loss ​ ​ (6) ​ 37 ​ ​ (11) ​ 76 ​ Amortization of prior service cost ​ ​ 10 ​ 9 ​ ​ 20 ​ 16 ​ Settlements ​ ​ 36 ​ 7 ​ ​ 36 ​ 8 ​ Net cost ​ $ 18 ​ $ 47 ​ $ 4 ​ $ 74 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPEB ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 6 $ 11 $ 13 $ 23 ​ Interest cost ​ ​ 45 ​ 23 ​ ​ 88 ​ 49 ​ Expected return on plan assets ​ ​ (29) ​ (27) ​ ​ (58) ​ (55) ​ Amortization of actuarial gain ​ ​ (14) ​ (10) ​ ​ (30) ​ (9) ​ Amortization of prior service credit ​ ​ ​ ​ (1) ​ ​ (1) ​ (2) ​ Net (benefit) cost ​ $ 8 ​ $ (4) ​ $ 12 ​ $ 6 ​ ​ The reduction in the 2023 pension net cost is due to increases in the expected long-term return rates on plan assets and increases in discount rates. The components of net periodic pension and OPEB (benefit) cost excluding the service cost component are included in the line item “Other operating expenses” in the statements of consolidated income. During the second quarter of 2023, an international pension plan paid a premium to an insurance company to irrevocably transfer the benefit obligations and administration for the majority of its retired participants. The transaction did not impact the benefits to be received by the retired participants. In connection with the transaction, the Company recognized a one-time, non-cash, pre-tax pension settlement charge of $36 million in the second quarter of 2023 related to the accelerated recognition of actuarial losses included within “Accumulated other comprehensive income (loss)” in the statements of changes in consolidated stockholders’ equity.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Apr. 30, 2023
SEGMENT REPORTING
SEGMENT REPORTING	(7)   Segment Reporting Worldwide net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ April 30 ​ May 1 ​ % ​ April 30 ​ May 1 ​ % ​ ​ 2023 ​ 2022 ​ Change ​ 2023 ​ 2022 ​ Change Net sales and revenues: ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 7,822 ​ $ 5,117 ​ +53 $ 13,021 ​ $ 8,473 ​ +54 ​ Small ag & turf net sales ​ ​ 4,145 ​ ​ 3,570 ​ +16 ​ ​ 7,146 ​ ​ 6,201 ​ +15 ​ Construction & forestry net sales ​ ​ 4,112 ​ 3,347 ​ +23 ​ ​ 7,314 ​ 5,891 ​ +24 ​ Financial services revenues ​ ​ 1,107 ​ 864 ​ +28 ​ ​ 2,147 ​ 1,734 ​ +24 ​ Other revenues ​ ​ 201 ​ 472 ​ -57 ​ ​ 410 ​ 640 ​ -36 ​ Total net sales and revenues $ 17,387 ​ $ 13,370 ​ +30 $ 30,038 ​ $ 22,939 ​ +31 ​ Operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 2,170 ​ $ 1,057 ​ +105 $ 3,378 ​ $ 1,353 ​ +150 ​ Small ag & turf ​ ​ 849 ​ ​ 520 ​ +63 ​ ​ 1,296 ​ ​ 891 ​ +45 ​ Construction & forestry ​ ​ 838 ​ 814 ​ +3 ​ ​ 1,463 ​ 1,085 ​ +35 ​ Financial services ​ ​ 41 ​ 279 ​ -85 ​ ​ 279 ​ 577 ​ -52 ​ Total operating profit ​ ​ 3,898 ​ 2,670 ​ +46 ​ ​ 6,416 ​ 3,906 ​ +64 ​ Reconciling items ​ ​ (47) ​ (111) ​ -58 ​ ​ (69) ​ (195) ​ -65 ​ Income taxes ​ ​ (991) ​ (461) ​ +115 ​ ​ (1,528) ​ (710) ​ +115 ​ Net income attributable to Deere & Company $ 2,860 ​ $ 2,098 ​ +36 $ 4,819 ​ $ 3,001 ​ +61 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intersegment sales and revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 8 ​ $ 6 ​ +33 $ 12 ​ $ 10 ​ +20 ​ Small ag & turf net sales ​ ​ 4 ​ ​ 4 ​ ​ ​ ​ 7 ​ ​ 6 ​ +17 ​ Construction & forestry net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial services revenues ​ ​ 190 ​ 87 ​ +118 ​ ​ 395 ​ 133 ​ +197 ​ ​ Operating profit for production and precision ag, small ag and turf, and construction and forestry is income from continuing operations before reconciling items and income taxes. Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, pension and OPEB benefit amounts excluding the service cost component, equity in income of unconsolidated affiliates, and net income attributable to noncontrolling interests. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2022 Identifiable assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 9,504 ​ $ 8,414 ​ $ 8,680 ​ Small ag & turf ​ ​ 4,743 ​ ​ 4,451 ​ ​ 4,431 ​ Construction & forestry ​ ​ 7,299 ​ 6,754 ​ 6,984 ​ Financial services ​ ​ 65,233 ​ 58,864 ​ 53,110 ​ Corporate ​ ​ 11,568 ​ 11,547 ​ 10,894 ​ Total assets $ 98,347 ​ $ 90,030 ​ $ 84,099 ​ ​

FINANCING RECEIVABLES

FINANCING RECEIVABLES	6 Months Ended
	Apr. 30, 2023
FINANCING RECEIVABLES
FINANCING RECEIVABLES	(8)     Financing Receivables The Company monitors the credit quality of financing receivables based on delinquency status. 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 receivables 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 from the customer 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. ​ The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 6,718 ​ $ 10,947 ​ $ 6,435 ​ $ 3,155 ​ $ 1,305 ​ $ 619 ​ $ 3,621 ​ $ 32,800 ​ 30-59 days past due ​ ​ 10 ​ ​ 55 ​ ​ 55 ​ ​ 31 ​ ​ 18 ​ ​ 9 ​ ​ 16 ​ ​ 194 ​ 60-89 days past due ​ ​ 2 ​ ​ 15 ​ ​ 24 ​ ​ 19 ​ ​ 4 ​ ​ 2 ​ ​ 8 ​ ​ 74 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 ​ Non-performing ​ ​ 5 ​ ​ 51 ​ ​ 51 ​ ​ 36 ​ ​ 25 ​ ​ 29 ​ ​ 25 ​ ​ 222 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 1,442 ​ ​ 2,434 ​ ​ 1,490 ​ ​ 557 ​ ​ 169 ​ ​ 56 ​ ​ 106 ​ ​ 6,254 ​ 30-59 days past due ​ ​ 7 ​ ​ 35 ​ ​ 29 ​ ​ 25 ​ ​ 21 ​ ​ 10 ​ ​ 4 ​ ​ 131 ​ 60-89 days past due ​ ​ 1 ​ ​ 8 ​ ​ 16 ​ ​ 12 ​ ​ 14 ​ ​ 12 ​ ​ 2 ​ ​ 65 ​ 90+ days past due ​ ​ ​ ​ ​ 7 ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ 11 ​ Non-performing ​ ​ 5 ​ ​ 71 ​ ​ 61 ​ ​ 33 ​ ​ 12 ​ ​ 6 ​ ​ 1 ​ ​ 189 ​ Total ​ $ 8,190 ​ $ 13,624 ​ $ 8,163 ​ $ 3,869 ​ $ 1,570 ​ $ 743 ​ $ 3,783 ​ $ 39,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 13,500 ​ $ 7,984 ​ $ 4,091 ​ $ 1,875 ​ $ 785 ​ $ 200 ​ $ 4,111 ​ $ 32,546 ​ 30-59 days past due ​ ​ 46 ​ ​ 63 ​ ​ 36 ​ ​ 17 ​ ​ 7 ​ ​ 3 ​ ​ 19 ​ ​ 191 ​ 60-89 days past due ​ ​ 14 ​ ​ 25 ​ ​ 13 ​ ​ 6 ​ ​ 2 ​ ​ 1 ​ ​ 5 ​ ​ 66 ​ 90+ days past due ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 27 ​ ​ 60 ​ ​ 44 ​ ​ 28 ​ ​ 18 ​ ​ 19 ​ ​ 8 ​ ​ 204 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,964 ​ ​ 1,974 ​ ​ 842 ​ ​ 292 ​ ​ 73 ​ ​ 12 ​ ​ 108 ​ ​ 6,265 ​ 30-59 days past due ​ ​ 53 ​ ​ 52 ​ ​ 23 ​ ​ 9 ​ ​ 2 ​ ​ 1 ​ ​ 3 ​ ​ 143 ​ 60-89 days past due ​ ​ 19 ​ ​ 16 ​ ​ 7 ​ ​ 3 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 47 ​ 90+ days past due ​ ​ 1 ​ ​ 4 ​ ​ 1 ​ ​ 3 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 10 ​ Non-performing ​ ​ 25 ​ ​ 61 ​ ​ 34 ​ ​ 19 ​ ​ 7 ​ ​ 3 ​ ​ ​ ​ ​ 149 ​ Total ​ $ 16,650 ​ $ 10,239 ​ $ 5,091 ​ $ 2,252 ​ $ 895 ​ $ 240 ​ $ 4,255 ​ $ 39,622 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 5,540 ​ $ 10,141 ​ $ 5,318 ​ $ 2,684 ​ $ 1,286 ​ $ 723 ​ $ 3,381 ​ $ 29,073 ​ 30-59 days past due ​ ​ 20 ​ ​ 75 ​ ​ 36 ​ ​ 20 ​ ​ 9 ​ ​ 5 ​ ​ 12 ​ ​ 177 ​ 60-89 days past due ​ ​ 4 ​ ​ 29 ​ ​ 14 ​ ​ 9 ​ ​ 5 ​ ​ 2 ​ ​ 4 ​ ​ 67 ​ 90+ days past due ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 3 ​ ​ 40 ​ ​ 44 ​ ​ 41 ​ ​ 25 ​ ​ 31 ​ ​ 14 ​ ​ 198 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 1,506 ​ ​ 2,404 ​ ​ 1,211 ​ ​ 577 ​ ​ 234 ​ ​ 105 ​ ​ 91 ​ ​ 6,128 ​ 30-59 days past due ​ ​ 20 ​ ​ 52 ​ ​ 33 ​ ​ 17 ​ ​ 6 ​ ​ 2 ​ ​ 3 ​ ​ 133 ​ 60-89 days past due ​ ​ 7 ​ ​ 25 ​ ​ 15 ​ ​ 6 ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 56 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 5 ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 3 ​ ​ 46 ​ ​ 50 ​ ​ 29 ​ ​ 12 ​ ​ 5 ​ ​ 1 ​ ​ 146 ​ Total ​ $ 7,103 ​ $ 12,813 ​ $ 6,723 ​ $ 3,384 ​ $ 1,579 ​ $ 879 ​ $ 3,507 ​ $ 35,988 ​ ​ The credit quality analysis of wholesale receivables by year of origination was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 265 ​ $ 198 ​ $ 36 ​ $ 15 ​ $ 2 ​ $ 1 ​ $ 3,653 ​ $ 4,170 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 10 ​ ​ 6 ​ ​ 24 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 638 ​ ​ 680 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 275 ​ $ 204 ​ $ 60 ​ $ 16 ​ $ 3 ​ $ 2 ​ $ 4,291 ​ $ 4,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 387 ​ $ 64 ​ $ 27 ​ $ 4 ​ ​ ​ ​ $ 2 ​ $ 2,371 ​ $ 2,855 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 7 ​ ​ 29 ​ ​ 2 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 377 ​ ​ 417 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 394 ​ $ 93 ​ $ 29 ​ $ 6 ​ ​ ​ ​ $ 3 ​ $ 2,748 ​ $ 3,273 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 224 ​ $ 155 ​ $ 43 ​ $ 8 ​ $ 1 ​ $ 2 ​ $ 1,605 ​ $ 2,038 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 6 ​ ​ 35 ​ ​ 4 ​ ​ 2 ​ ​ ​ ​ ​ 1 ​ ​ 268 ​ ​ 316 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 230 ​ $ 190 ​ $ 47 ​ $ 15 ​ $ 1 ​ $ 4 ​ $ 1,873 ​ $ 2,360 ​ ​ ​ An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended April 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance: ​ ​ Beginning of period balance $ 140 $ 16 ​ $ 4 ​ $ 160 ​ Provision ​ ​ 30 ​ ​ 8 ​ ​ ​ ​ ​ 38 ​ Write-offs ​ ​ (19) ​ ​ (11) ​ ​ ​ ​ ​ (30) ​ Recoveries ​ ​ 6 ​ ​ 6 ​ ​ ​ ​ ​ 12 ​ End of period balance $ 157 $ 19 ​ $ 4 ​ $ 180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended April 30, 2023 ​ ​ ​ Allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning of period balance $ 299 $ 22 ​ $ 4 ​ $ 325 ​ Provision ​ ​ 45 ​ ​ 4 ​ ​ ​ ​ ​ 49 ​ Provision transferred to held for sale ​ ​ (142) ​ ​ ​ ​ ​ ​ ​ ​ (142) ​ Provision (credit) subtotal ​ ​ (97) ​ ​ 4 ​ ​ ​ ​ ​ (93) ​ Write-offs ​ ​ (37) ​ ​ (18) ​ ​ ​ ​ ​ (55) ​ Recoveries ​ ​ 10 ​ ​ 11 ​ ​ ​ ​ ​ 21 ​ Translation adjustments ​ ​ (18) ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ End of period balance $ 157 $ 19 ​ $ 4 ​ $ 180 ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance $ 36,159 $ 3,783 ​ $ 4,851 ​ $ 44,793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended May 1, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance: ​ ​ ​ ​ ​ Beginning of period balance ​ $ 138 $ 15 ​ $ 5 ​ $ 158 ​ Provision ​ 39 ​ ​ 3 ​ ​ ​ ​ 42 ​ Write-offs ​ (18) ​ ​ (8) ​ ​ ​ ​ (26) ​ Recoveries ​ 5 ​ ​ 7 ​ ​ ​ ​ 12 ​ Translation adjustments ​ 4 ​ ​ ​ ​ ​ ​ ​ 4 ​ End of period balance ​ $ 168 ​ $ 17 ​ $ 5 ​ $ 190 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended May 1, 2022 ​ ​ ​ Allowance: ​ ​ ​ Beginning of period balance ​ $ 138 $ 21 ​ $ 7 ​ $ 166 ​ Provision (credit) ​ 52 ​ ​ (7) ​ ​ (2) ​ ​ 43 ​ Write-offs ​ (35) ​ ​ (12) ​ ​ ​ ​ ​ (47) ​ Recoveries ​ 9 ​ ​ 15 ​ ​ ​ ​ ​ 24 ​ Translation adjustments ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ 4 ​ End of period balance ​ $ 168 ​ $ 17 ​ $ 5 ​ $ 190 ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance ​ $ 32,481 $ 3,507 ​ $ 2,360 ​ $ 38,348 ​ ​ In the first quarter of 2023, the Company determined that the financial services business in Russia met the held for sale criteria. The financing receivables in Russia were reclassified to “Other assets” and the associated allowance for credit losses was reversed in the first quarter of 2023. These operations were sold in the second quarter of 2023 (see Note 20). Excluding the portfolio in Russia, the allowance for credit losses increased in the second quarter and the first six months of 2023 mainly due to higher portfolio balances and higher expected losses on turf and construction financing receivables. As part of the allowance setting process, the Company continues to monitor the economy, including potential impacts of inflation and interest rates, among other factors, on portfolio performance and adjustments to the allowance are incorporated, as necessary.

SECURITIZATION OF FINANCING REC

SECURITIZATION OF FINANCING RECEIVABLES	6 Months Ended
	Apr. 30, 2023
SECURITIZATION OF FINANCING RECEIVABLES
SECURITIZATION OF FINANCING RECEIVABLES	(9)   Securitization of Financing Receivables As a part of its overall funding strategy, the Company 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 does 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. The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Financing receivables securitized (retail notes) $ 5,674 ​ $ 5,952 ​ $ 4,085 ​ Allowance for credit losses ​ ​ (15) ​ (16) ​ (12) ​ Other assets (primarily restricted cash) ​ ​ 115 ​ 155 ​ 124 ​ Total restricted securitized assets $ 5,774 ​ $ 6,091 ​ $ 4,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term securitization borrowings ​ $ 5,379 ​ $ 5,711 ​ $ 4,006 ​ Accrued interest on borrowings ​ ​ 8 ​ ​ 6 ​ 2 ​ Total liabilities related to restricted securitized assets ​ $ 5,387 ​ $ 5,717 ​ $ 4,008 ​ ​

INVENTORIES

INVENTORIES	6 Months Ended
	Apr. 30, 2023
INVENTORIES
INVENTORIES	(10)    Inventories A majority of inventory owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) basis. If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) basis, estimated inventories by major classification in millions of dollars would have been as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Raw materials and supplies $ 4,647 ​ $ 4,442 ​ $ 4,384 ​ Work-in-process ​ ​ 1,262 ​ 1,190 ​ 1,640 ​ Finished goods and parts ​ ​ 6,435 ​ 5,363 ​ 5,434 ​ Total FIFO value ​ ​ 12,344 ​ 10,995 ​ 11,458 ​ Less adjustment to LIFO value ​ ​ 2,631 ​ 2,500 ​ 2,428 ​ Inventories $ 9,713 ​ $ 8,495 ​ $ 9,030 ​ ​

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS-NET	6 Months Ended
	Apr. 30, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
GOODWILL AND OTHER INTANGIBLE ASSETS-NET	(11)    Goodwill and Other Intangible Assets – Net The changes in amounts of goodwill by operating segments were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & Small Ag Construction ​ ​ ​ ​ Precision Ag ​ & Turf ​ & Forestry ​ Total Goodwill at October 31, 2021 ​ $ 542 ​ $ 265 ​ $ 2,484 ​ $ 3,291 ​ Acquisitions ​ 122 ​ ​ 69 ​ ​ 600 ​ ​ 791 ​ Translation adjustments ​ (11) ​ ​ (7) ​ ​ (252) ​ ​ (270) ​ Goodwill at May 1, 2022 ​ $ 653 ​ $ 327 ​ $ 2,832 ​ $ 3,812 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill at October 30, 2022 ​ $ 646 ​ $ 318 ​ $ 2,723 ​ $ 3,687 ​ Acquisition ​ ​ 41 ​ ​ ​ ​ ​ ​ ​ ​ 41 ​ Translation adjustments ​ ​ 18 ​ ​ 8 ​ ​ 209 ​ ​ 235 ​ Goodwill at April 30, 2023 ​ $ 705 ​ $ 326 ​ $ 2,932 ​ $ 3,963 ​ There were no accumulated goodwill impairment losses in the reported periods. The components of other intangible assets were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Amortized intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ $ 525 ​ $ 493 ​ $ 520 ​ Technology, patents, trademarks, and other ​ ​ 1,397 ​ 1,301 ​ 1,350 ​ Total at cost ​ ​ 1,922 ​ 1,794 ​ 1,870 ​ Less accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ ​ 193 ​ ​ 166 ​ ​ 158 ​ Technology, patents, trademarks, and other ​ ​ 507 ​ ​ 410 ​ ​ 360 ​ Total accumulated amortization ​ ​ 700 ​ ​ 576 ​ ​ 518 ​ Other intangible assets – net ​ $ 1,222 ​ $ 1,218 ​ $ 1,352 ​ ​ The amortization of other intangible assets in the second quarter and the first six months of 2023 was $45 million and $84 million, and for the second quarter and the first six months of 2022 was $34 million and $62 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2023 – $88, 2024 – $168, 2025 – $139, 2026 – $120, 2027 – $119, and 2028 –$86.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	6 Months Ended
	Apr. 30, 2023
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	(12) Short-Term Borrowings Short-term borrowings were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ 2023 2022 2022 ​ Commercial paper ​ $ 9,184 ​ $ 4,703 ​ $ 3,403 ​ Notes payable to banks ​ ​ 284 ​ ​ 402 ​ ​ 555 ​ Finance lease obligations due within one year ​ ​ 23 ​ ​ 21 ​ ​ 21 ​ Long-term borrowings due within one year ​ 7,618 ​ 7,466 ​ 8,434 ​ Short-term borrowings ​ $ 17,109 ​ $ 12,592 ​ $ 12,413 ​ ​

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	6 Months Ended
	Apr. 30, 2023
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	(13) Accounts Payable and Accrued Expenses Accounts payable and accrued expenses were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ 2023 2022 ​ 2022 ​ Accounts payable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables $ 3,680 $ 3,894 ​ $ 3,631 ​ Payables to unconsolidated affiliates ​ ​ 9 ​ ​ 11 ​ ​ 7 ​ Dividends payable ​ 371 ​ 343 ​ 325 ​ Operating lease liabilities ​ ​ 294 ​ ​ 302 ​ ​ 260 ​ Deposits withheld from dealers and merchants ​ ​ 157 ​ ​ 163 ​ ​ 150 ​ Other ​ 131 ​ 214 ​ 163 ​ Accrued expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dealer sales discounts ​ 605 ​ 1,044 ​ 400 ​ Product warranties ​ 1,562 ​ 1,427 ​ 1,286 ​ Employee benefits ​ 1,475 ​ 1,528 ​ 1,069 ​ Accrued taxes ​ ​ 1,691 ​ ​ 1,255 ​ ​ 1,150 ​ Unearned operating lease revenue ​ ​ 441 ​ ​ 399 ​ ​ 391 ​ Unearned revenue (contractual liability) ​ 673 ​ 557 ​ 614 ​ Extended warranty premium ​ ​ 949 ​ ​ 866 ​ ​ 809 ​ Accrued interest ​ ​ 354 ​ ​ 288 ​ ​ 256 ​ Derivative liabilities ​ ​ 758 ​ ​ 1,231 ​ ​ 780 ​ Other ​ 1,566 ​ 1,300 ​ 1,388 ​ Total accounts payable and accrued expenses $ 14,716 $ 14,822 ​ $ 12,679 ​ Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,979 million at April 30, 2023, $1,280 million at October 30, 2022, and $1,173 million at May 1, 2022. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS

LONG-TERM BORROWINGS	6 Months Ended
	Apr. 30, 2023
LONG-TERM BORROWINGS
LONG-TERM BORROWINGS	(14) Long-Term Borrowings Long-term borrowings were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ 2023 2022 2022 ​ Underwritten term debt ​ ​ ​ ​ ​ ​ ​ U.S. dollar notes and debentures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2.75% notes due 2025 ​ $ 700 ​ $ 700 ​ $ 700 ​ 6.55% debentures due 2028 ​ 200 ​ 200 ​ 200 ​ 5.375% notes due 2029 ​ 500 ​ 500 ​ 500 ​ 3.10% notes due 2030 ​ ​ 700 ​ ​ 700 ​ ​ 700 ​ 8.10% debentures due 2030 ​ 250 ​ 250 ​ 250 ​ 7.125% notes due 2031 ​ 300 ​ 300 ​ 300 ​ 3.90% notes due 2042 ​ 1,250 ​ 1,250 ​ 1,250 ​ 2.875% notes due 2049 ​ ​ 500 ​ ​ 500 ​ ​ 500 ​ 3.75% notes due 2050 ​ ​ 850 ​ ​ 850 ​ ​ 850 ​ Euro notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ .5% notes due 2023 (€500 principal) ​ ​ ​ ​ ​ ​ ​ ​ 525 ​ 1.375% notes due 2024 (€800 principal) ​ ​ ​ ​ ​ 797 ​ ​ 840 ​ 1.85% notes due 2028 (€600 principal) ​ ​ 662 ​ ​ 598 ​ ​ 630 ​ 2.20% notes due 2032 (€600 principal) ​ ​ 662 ​ ​ 598 ​ ​ 630 ​ 1.65% notes due 2039 (€650 principal) ​ ​ 717 ​ ​ 648 ​ ​ 682 ​ Serial issuances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medium-term notes: (principal as of: April 30, 2023 - $27,428 , October 30, 2022 - $25,629 , May 1, 2022 - $23,247 ) ​ 26,734 ​ ​ 24,604 ​ ​ 22,740 ​ Other notes and finance lease obligations ​ 1,707 ​ 1,223 ​ 1,266 ​ Less debt issuance costs and debt discounts ​ ​ (121) ​ ​ (122) ​ ​ (116) ​ Long-term borrowings $ 35,611 ​ $ 33,596 ​ $ 32,447 ​ Medium-term notes serially due through 2032 are primarily offered by prospectus and issued at fixed and variable rates. These notes are presented in the table above with fair value adjustments related to interest rate swaps. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

LEASES - LESSOR

LEASES - LESSOR	6 Months Ended
	Apr. 30, 2023
LEASES - LESSOR
LEASES - LESSOR	(15) Leases - Lessor The Company leases equipment manufactured or sold by the Company and a limited amount of non-John 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 sheets, while operating leases are reported in Equipment on operating leases – net. Lease revenues earned by the Company were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30, 2023 May 1, 2022 April 30, 2023 May 1, 2022 ​ Sales-type and direct finance lease revenues ​ $ 37 ​ $ 35 ​ $ 79 ​ $ 74 ​ Operating lease revenues ​ ​ 321 ​ ​ 330 ​ ​ 642 ​ ​ 665 ​ Variable lease revenues ​ ​ 5 ​ ​ 7 ​ ​ 11 ​ ​ 14 ​ Total lease revenues ​ $ 363 ​ $ 372 ​ $ 732 ​ $ 753 ​ ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	(16) Commitments and Contingencies The Company 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 determined by a review of five-year claims costs and current quality developments. The premiums for extended warranties are recognized in other income in the statements of consolidated income in proportion to the costs expected to be incurred over the contract period. The unamortized extended warranty premiums (deferred revenue) included in the following table totaled $949 million and $809 million at April 30, 2023 and May 1, 2022, respectively. A reconciliation of the changes in the warranty liability and unearned premiums was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Beginning of period balance $ 2,345 $ 2,064 $ 2,293 $ 2,086 ​ Payments ​ ​ (274) ​ (224) ​ ​ (537) ​ (417) ​ Amortization of premiums received ​ ​ (63) ​ (64) ​ ​ (146) ​ (130) ​ Accruals for warranties ​ ​ 392 ​ 223 ​ ​ 647 ​ 404 ​ Premiums received ​ ​ 108 ​ 91 ​ ​ 215 ​ 174 ​ Foreign exchange ​ ​ 3 ​ 5 ​ ​ 39 ​ (22) ​ End of period balance ​ $ 2,511 ​ $ 2,095 ​ $ 2,511 ​ $ 2,095 ​ ​ At April 30, 2023, the Company had $207 million of guarantees issued 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 April 30, 2023, the accrued losses under these agreements were not material. At April 30, 2023, the Company had commitments of $524 million for the construction and acquisition of property and equipment. Also, at April 30, 2023, the Company had restricted assets of $189 million, classified as Other assets. The Company also had other miscellaneous contingent liabilities and guarantees totaling approximately $65 million at April 30, 2023. The accrued liability for these contingencies was not material at April 30, 2023. 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, trademark, and antitrust matters. The Company believes the reasonably possible range of losses for these unresolved legal actions would not have a material effect on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	(17)    Fair Value Measurements The fair values of financial instruments that do not approximate the carrying values were as follows in millions of dollars. Long-term borrowings exclude finance lease liabilities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ October 30, 2022 ​ May 1, 2022 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Carrying ​ Fair Financing receivables – net ​ $ 38,954 ​ $ 38,337 ​ $ 36,634 ​ $ 35,526 ​ $ 34,085 ​ $ 33,540 ​ Financing receivables securitized – net ​ ​ 5,659 ​ ​ 5,494 ​ ​ 5,936 ​ ​ 5,698 ​ ​ 4,073 ​ ​ 4,016 ​ Short-term securitization borrowings ​ ​ 5,379 ​ ​ 5,271 ​ ​ 5,711 ​ ​ 5,577 ​ ​ 4,006 ​ ​ 3,944 ​ Long-term borrowings due within one year ​ ​ 7,618 ​ ​ 7,461 ​ ​ 7,466 ​ ​ 7,322 ​ ​ 8,434 ​ ​ 8,398 ​ Long-term borrowings ​ ​ 35,571 ​ ​ 34,802 ​ ​ 33,566 ​ ​ 31,852 ​ ​ 32,410 ​ ​ 31,975 ​ ​ Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings. Fair values of the financing receivables that were issued long-term were based on the discounted values of their related cash flows at interest rates currently being offered by the Company for similar financing receivables. The fair values of the remaining financing receivables approximated the carrying amounts. Fair values of long-term borrowings and short-term securitization borrowings were based on current market quotes for identical or similar borrowings and credit risk, or on the discounted values of their related cash flows at current market interest rates. Certain long-term borrowings have been swapped to current variable interest rates. The carrying values of these long-term borrowings included adjustments related to fair value hedges. Assets and liabilities measured at fair value on a recurring basis in millions of dollars follow, excluding the Company’s cash equivalents, which were carried at cost that approximates fair value and consisted of money market funds and time deposits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Level 1: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ International equity securities ​ $ 2 ​ $ 3 ​ $ 2 ​ International mutual funds ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ U.S. equity fund ​ ​ 92 ​ ​ 70 ​ ​ 65 ​ U.S. fixed income fund ​ ​ 97 ​ ​ ​ ​ ​ U.S. government debt securities ​ ​ 64 ​ 62 ​ 59 ​ Total Level 1 marketable securities ​ ​ 266 ​ ​ 135 ​ ​ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government debt securities ​ ​ 138 ​ ​ 121 ​ ​ 130 ​ Municipal debt securities ​ ​ 70 ​ 63 ​ 67 ​ Corporate debt securities ​ ​ 213 ​ 200 ​ 206 ​ International debt securities ​ ​ 1 ​ ​ 60 ​ ​ 2 ​ Mortgage-backed securities ​ ​ 168 ​ 155 ​ 151 ​ Total Level 2 marketable securities ​ ​ 590 ​ 599 ​ 556 ​ Other assets - Derivatives ​ 367 ​ ​ 373 ​ ​ 407 ​ Accounts payable and accrued expenses - Derivatives ​ 758 ​ ​ 1,231 ​ ​ 780 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses - Deferred consideration ​ ​ 214 ​ ​ 236 ​ ​ 262 ​ ​ The contractual maturities of debt securities at April 30, 2023 in millions of dollars are shown below. Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Unrealized losses were not recognized in income due to the ability and intent to hold to maturity. 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 $ 25 ​ $ 25 ​ Due after one through five years ​ ​ 123 ​ ​ 116 ​ Due after five through 10 years ​ ​ 192 ​ ​ 171 ​ Due after 10 years ​ ​ 206 ​ ​ 174 ​ Mortgage-backed securities ​ ​ 193 ​ ​ 168 ​ Debt securities $ 739 $ 654 ​ ​ Fair value, nonrecurring Level 3 measurements from impairments, excluding financing receivables with specific allowances which were not significant, were as follows in millions of dollars. Inventories and property and equipment – net fair values for October 30, 2022 represent the fair value assessment at May 1, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 2022 2022 2023 2022 2023 2022 Inventories ​ ​ ​ ​ $ 19 ​ $ 19 ​ ​ ​ ​ $ 8 ​ ​ ​ ​ $ 8 ​ Property and equipment – net ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ ​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 41 ​ Other intangible assets – net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 28 ​ ​ 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). Inventories – The impairment was based on net realizable value. Property and equipment - net – The valuations were based on cost and market approaches. The inputs include replacement cost estimates adjusted for physical deterioration and economic obsolescence. Other intangible assets - net – The Company considered external valuations based on the Company’s probability weighted cash flow analysis.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Apr. 30, 2023
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	(18)    Derivative Instruments The Company’s policy is to execute derivative transactions to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The 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 and foreign currency exposure at certain equipment operations units for sales incentive programs. All derivatives are recorded at fair value on the balance sheets. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. The cash flows from the derivative contracts were recorded in operating activities in the statements of consolidated cash flows. 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 April 30, 2023, October 30, 2022, and May 1, 2022 were $2,250 million, $1,950 million, and $2,450 million, respectively. Fair value gains or losses on cash flow hedges were recorded in other comprehensive income (OCI) and are subsequently reclassified into interest expense in the same periods during which the hedged transactions impact earnings. These amounts offset the effects of interest rate changes on the related borrowings. The amount of gain recorded in OCI at April 30, 2023 that is expected to be reclassified to interest expense in the next twelve months if interest rates remain unchanged is approximately $30 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 April 30, 2023, October 30, 2022, and May 1, 2022 were $10,943 million, $10,112 million, and $8,655 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 were as follows in millions of dollars. Fair value hedging adjustments are included in the carrying amount of the hedged item. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Hedging Relationships ​ Discontinued Hedging Relationships ​ ​ ​ Carrying Amount ​ Cumulative Fair Value ​ Carrying Amount of ​ Cumulative Fair Value ​ ​ ​ of Hedged Item ​ Hedging Amount ​ Formerly Hedged Item ​ Hedging Amount ​ April 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 1,213 ​ $ 14 ​ Long-term borrowings ​ $ 10,334 ​ $ (562) ​ ​ 5,657 ​ ​ (132) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 2,515 ​ $ 15 ​ Long-term borrowings ​ $ 9,060 ​ $ (1,006) ​ ​ 5,520 ​ ​ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ $ 178 ​ $ 1 ​ $ 2,607 ​ $ 7 ​ Long-term borrowings ​ ​ 7,827 ​ ​ (613) ​ ​ 5,120 ​ ​ 106 ​ ​ Derivatives Not Designated as Hedging Instruments The Company has certain interest rate contracts (swaps), foreign currency 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 for certain borrowings, purchases or sales of inventory, and sales incentive programs. The total notional amounts of these interest rate swaps at April 30, 2023, October 30, 2022, and May 1, 2022 were $11,956 million, $10,568 million, and $9,912 million, the foreign exchange contracts were $9,163 million, $8,185 million, and $7,640 million, and the cross-currency interest rate contracts were $163 million, $260 million, and $264 million, respectively. The fair value gains or losses from derivatives not designated as hedging instruments were recorded in the statements of consolidated income, generally offsetting over time the exposure on the hedged item. Fair values of derivative instruments in the condensed consolidated balance sheets were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 Other Assets ​ 2023 ​ 2022 ​ 2022 Designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts $ 104 ​ $ 87 ​ $ 63 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 171 ​ 212 ​ 180 ​ Foreign exchange contracts ​ ​ 91 ​ 66 ​ 125 ​ Cross-currency interest rate contracts ​ ​ 1 ​ 8 ​ 39 ​ Total not designated ​ ​ 263 ​ 286 ​ 344 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total derivative assets $ 367 ​ $ 373 ​ $ 407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts Payable and Accrued Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts $ 611 ​ $ 1,004 ​ $ 591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 91 ​ ​ 107 ​ ​ 75 ​ Foreign exchange contracts ​ ​ 42 ​ 118 ​ 114 ​ Cross-currency interest rate contracts ​ ​ 14 ​ 2 ​ ​ ​ Total not designated ​ ​ 147 ​ 227 ​ 189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total derivative liabilities $ 758 ​ $ 1,231 ​ $ 780 ​ ​ The classification and gains (losses) including accrued interest expense related to derivative instruments on the statements of consolidated income consisted of the following in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Fair Value Hedges: ​ ​ ​ ​ Interest rate contracts - Interest expense $ (10) ​ $ (514) $ 229 ​ $ (656) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized in OCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - OCI (pretax) ​ $ (4) ​ $ 35 ​ $ (5) ​ $ 50 ​ Reclassified from OCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - Interest expense ​ ​ 19 ​ (1) ​ ​ 34 ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not Designated as Hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - Net sales ​ $ 1 ​ $ 31 ​ $ (6) ​ $ 44 ​ Interest rate contracts - Interest expense * ​ 5 ​ ​ 61 ​ (3) ​ ​ 59 ​ Foreign exchange contracts - Net sales ​ ​ (2) ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ Foreign exchange contracts - Cost of sales ​ ​ 59 ​ (79) ​ ​ 64 ​ ​ (80) ​ Foreign exchange contracts - Other operating expenses * ​ ​ 127 ​ 26 ​ ​ (15) ​ 173 ​ Total not designated $ 190 ​ $ 38 $ 39 ​ $ 195 ​ *   ​ 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 collateral based on the size of the net liability positions and credit ratings. The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at April 30, 2023, October 30, 2022, and May 1, 2022, was $716 million, $1,113 million, and $673 million, respectively. In accordance with the limits established in these agreements, the Company posted $308 million, $701 million, and $254 million of cash collateral at April 30, 2023, October 30, 2022, and May 1, 2022, respectively. In addition, the Company paid $8 million of collateral that was outstanding at April 30, 2023, October 30, 2022, and May 1, 2022 to participate in an international futures market to hedge currency exposure, 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 ​ ​ ​ ​ ​ April 30, 2023 Recognized Arrangements Collateral Net Amount Assets $ 367 $ (168) $ (29) $ 170 ​ Liabilities ​ ​ 758 ​ ​ (168) ​ ​ (308) ​ ​ 282 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Netting ​ ​ ​ ​ ​ October 30, 2022 Recognized Arrangements Collateral Net Amount Assets ​ $ 373 $ (179) ​ $ (54) $ 140 ​ Liabilities ​ ​ 1,231 ​ ​ (179) ​ ​ (701) ​ ​ 351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Netting ​ ​ ​ May 1, 2022 ​ Recognized ​ Arrangements ​ Collateral ​ Net Amount Assets ​ $ 407 ​ $ (110) ​ ​ ​ ​ $ 297 ​ Liabilities ​ 780 ​ (110) ​ $ (254) ​ 416 ​ ​

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK UNITS AWARDS	6 Months Ended
	Apr. 30, 2023
STOCK OPTION AND RESTRICTED STOCK UNITS AWARDS
STOCK OPTION AND RESTRICTED STOCK UNITS AWARDS	(19)    Stock Option and Restricted Stock Unit Awards In December 2022, the Company granted stock options to employees for the purchase of 161 thousand shares of common stock at an exercise price of $438.44 per share and a binomial lattice model fair value of $136.46 per share at the grant date. At April 30, 2023, options for 1.9 million shares were outstanding with a weighted-average exercise price of $181.91 per share. The Company also granted 117 thousand of service-based restricted stock units and 41 thousand of performance/service-based restricted stock units to employees in the first six months of 2023. The weighted-average fair value of the service-based restricted stock units at the grant date was $433.30 per unit based on the market price of a share of underlying common stock. The fair value of the performance/service-based restricted stock units at the grant date was $424.93 per unit based on the market price of a share of underlying common stock excluding dividends. At April 30, 2023, the Company was authorized to grant awards for an additional 16.6 million shares under the equity incentive plans.

DISPOSITION

DISPOSITION	6 Months Ended
	Apr. 30, 2023
DISPOSITION
DISPOSITION	(20)  Disposition ​ On March 7, 2023, the Company sold its financial services business in Russia (registered in Russia as a leasing company) to Insight Investment Group. The total proceeds, net of restricted cash sold, were $36 million. The operations were included in the Company’s financial services operating segment through the date of sale. At the disposal date, the total assets were $31 million, consisting primarily of financing receivables, the total liabilities were $5 million, and the cumulative translation loss was $10 million. The Company did not incur additional gains or losses upon disposition. At January 29, 2023, the assets and liabilities were classified as “ Other assets

SPECIAL ITEMS

SPECIAL ITEMS	6 Months Ended
	Apr. 30, 2023
SPECIAL ITEMS
SPECIAL ITEMS	(21)   S pecial Items ​ 2023 Financial Services Financing Incentives Correction In the second quarter of 2023, the Company corrected the accounting treatment 2022 Impact of Events in Russia / Ukraine In the second quarter of 2022, the Company suspended shipments of machines and service parts to Russia. The suspension of shipments to Russia reduced actual and forecasted revenue for the region, which made it probable future cash flows will not cover the carrying value of certain assets. The accounting consequences during the second quarter of 2022 were impairments of most long-lived assets, an increase in reserves of certain financial assets, and an accrual for various contractual uncertainties. Gain on Previously Held Equity Investment In the second quarter of 2022, the Company acquired full ownership of three former Deere-Hitachi joint venture factories and began new license and supply agreements with Hitachi Construction Machinery Co., Ltd. The fair value of the previous equity investment resulted in a non-cash gain of $326 million (pretax and after-tax UAW Collective Bargaining Agreement In the first quarter of 2022, employees represented by the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) approved a new collective bargaining agreement. The labor agreement included a lump sum ratification bonus payment of $8,500 per eligible employee, totaling $90 million, and an immediate wage increase of 10 percent plus further wage increases over the term of the contract. The lump sum payment was expensed in the first quarter of 2022. ​ The following table summarizes the operating profit impact, in millions of dollars, of the special items recorded for the three months and six months ended April 30, 2023 and May 1, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ​ Six Months ​ ​ ​ PPA SAT CF FS Total ​ PPA ​ SAT CF FS Total ​ 2023 Expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing incentive – SA&G expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173 ​ $ 173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173 ​ $ 173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Expense (benefit): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain on remeasurement of equity investment – Other income ​ ​ ​ ​ ​ ​ ​ $ (326) ​ ​ ​ ​ ​ (326) ​ ​ ​ ​ ​ ​ ​ $ (326) ​ ​ ​ ​ ​ (326) ​ Total Russia/Ukraine events expense ​ $ 46 ​ $ 1 ​ ​ 47 ​ ​ 26 ​ ​ 120 ​ $ 46 ​ $ 1 ​ ​ 47 ​ ​ 26 ​ ​ 120 ​ UAW ratification bonus – Cost of sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 53 ​ ​ 9 ​ ​ 28 ​ ​ ​ ​ ​ 90 ​ Total 2022 expense (benefit) ​ ​ 46 ​ ​ 1 ​ ​ (279) ​ ​ 26 ​ ​ (206) ​ ​ 99 ​ ​ 10 ​ ​ (251) ​ ​ 26 ​ ​ (116) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Period over period change ​ $ (46) ​ $ (1) ​ $ 279 ​ $ 147 ​ $ 379 ​ $ (99) ​ $ (10) ​ $ 251 ​ $ 147 ​ $ 289 ​ ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Apr. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	(22)    Subsequent Events ​ On May 22, 2023, the Company entered into a retail note securitization using its revolving warehouse facility that resulted in securitization borrowings of $589 million. ​ On May 31, 2023, the Company’s Board of Directors declared a quarterly dividend of $1.25 per share payable on August 8, 2023, to stockholders of record on June 30, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS (Policies)	6 Months Ended
	Apr. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS
Fiscal Period, Policy	The Company uses a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The second quarter ends for fiscal year 2023 and 2022 were April 30, 2023 and May 1, 2022, respectively. Both second quarters contained 13 weeks, while both year-to-date periods contained 26 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to the Company’s fiscal years generally ending in October and the associated periods in those fiscal years.
Use of Estimates in Financial Statements	The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates.
Financing Receivables - Non-Performing, Policy	The Company monitors the credit quality of financing receivables based on delinquency status. 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 receivables 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 from the customer 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.
Inventory Valuation, Policy	A majority of inventory owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) basis.
Product Warranties	The Company 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 determined by a review of five-year claims costs and current quality developments.
Extended Product Warranty, Policy	The premiums for extended warranties are recognized in other income in the statements of consolidated income in proportion to the costs expected to be incurred over the contract period.
Derivative Financial Instruments	The Company’s policy is to execute derivative transactions to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. The 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 and foreign currency exposure at certain equipment operations units for sales incentive programs. All derivatives are recorded at fair value on the balance sheets. Cash collateral received or paid is not offset against the derivative fair values on the balance sheet. The cash flows from the derivative contracts were recorded in operating activities in the statements of consolidated cash flows. 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.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Apr. 30, 2023
REVENUE RECOGNITION
Schedule of Revenue Recognition	The Company’s net sales and revenues by primary geographic market, major product line, and timing of revenue recognition in millions of dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended April 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 4,058 ​ $ 2,241 ​ $ 2,561 ​ $ 766 ​ $ 9,626 ​ Canada ​ ​ 546 ​ ​ 189 ​ ​ 302 ​ 153 ​ 1,190 ​ Western Europe ​ ​ 758 ​ ​ 888 ​ ​ 492 ​ 31 ​ 2,169 ​ Central Europe and CIS ​ ​ 393 ​ ​ 212 ​ ​ 90 ​ 8 ​ 703 ​ Latin America ​ ​ 1,543 ​ ​ 201 ​ ​ 388 ​ 106 ​ 2,238 ​ Asia, Africa, Oceania, and Middle East ​ ​ 614 ​ ​ 469 ​ ​ 335 ​ ​ 43 ​ ​ 1,461 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 7,733 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,733 ​ Small agriculture ​ ​ ​ ​ $ 2,952 ​ ​ ​ ​ ​ ​ 2,952 ​ Turf ​ ​ ​ ​ ​ 1,099 ​ ​ ​ ​ ​ ​ 1,099 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,813 ​ ​ ​ 1,813 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 663 ​ ​ ​ ​ ​ 663 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,134 ​ ​ ​ 1,134 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 429 ​ ​ ​ 429 ​ Financial products ​ ​ 29 ​ ​ 20 ​ ​ 12 ​ $ 1,107 ​ 1,168 ​ Other ​ ​ 150 ​ ​ 129 ​ ​ 117 ​ ​ ​ 396 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 7,861 ​ $ 4,171 ​ $ 4,146 ​ $ 27 ​ $ 16,205 ​ Over time ​ ​ 51 ​ ​ 29 ​ ​ 22 ​ ​ 1,080 ​ ​ 1,182 ​ Total ​ $ 7,912 ​ $ 4,200 ​ $ 4,168 ​ $ 1,107 ​ $ 17,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended April 30, 2023 ​ ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 6,686 ​ $ 3,906 ​ $ 4,461 ​ $ 1,479 ​ $ 16,532 ​ Canada ​ ​ 906 ​ ​ 335 ​ ​ 577 ​ 303 ​ 2,121 ​ Western Europe ​ ​ 1,259 ​ ​ 1,452 ​ ​ 857 ​ 60 ​ 3,628 ​ Central Europe and CIS ​ ​ 595 ​ ​ 335 ​ ​ 165 ​ 20 ​ 1,115 ​ Latin America ​ ​ 2,780 ​ ​ 357 ​ ​ 727 ​ 201 ​ 4,065 ​ Asia, Africa, Oceania, and Middle East ​ ​ 989 ​ ​ 869 ​ ​ 635 ​ ​ 84 ​ ​ 2,577 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 12,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 12,845 ​ Small agriculture ​ ​ ​ ​ $ 5,146 ​ ​ ​ ​ ​ ​ 5,146 ​ Turf ​ ​ ​ ​ ​ 1,818 ​ ​ ​ ​ ​ ​ 1,818 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 3,295 ​ ​ ​ 3,295 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,136 ​ ​ ​ ​ ​ 1,136 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,952 ​ ​ ​ 1,952 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 785 ​ ​ ​ ​ 785 ​ Financial products ​ ​ 60 ​ ​ 38 ​ ​ 25 ​ $ 2,147 ​ 2,270 ​ Other ​ ​ 310 ​ ​ 252 ​ ​ 229 ​ ​ ​ 791 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 13,109 ​ $ 7,200 ​ $ 7,375 ​ $ 50 ​ $ 27,734 ​ Over time ​ ​ 106 ​ ​ 54 ​ ​ 47 ​ ​ 2,097 ​ ​ 2,304 ​ Total ​ $ 13,215 ​ $ 7,254 ​ $ 7,422 ​ $ 2,147 ​ $ 30,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended May 1, 2022 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 2,434 ​ $ 2,103 ​ $ 2,108 ​ $ 569 ​ $ 7,214 ​ Canada ​ ​ 309 ​ ​ 161 ​ ​ 355 ​ 149 ​ 974 ​ Western Europe ​ ​ 536 ​ ​ 658 ​ ​ 464 ​ ​ 25 ​ 1,683 ​ Central Europe and CIS ​ ​ 404 ​ ​ 151 ​ ​ 146 ​ ​ 11 ​ 712 ​ Latin America ​ ​ 1,126 ​ ​ 134 ​ ​ 333 ​ ​ 73 ​ 1,666 ​ Asia, Africa, Oceania, and Middle East ​ ​ 367 ​ ​ 399 ​ ​ 318 ​ ​ 37 ​ ​ 1,121 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 5,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,032 ​ Small agriculture ​ ​ ​ ​ $ 2,668 ​ ​ ​ ​ ​ ​ 2,668 ​ Turf ​ ​ ​ ​ ​ 817 ​ ​ ​ ​ ​ ​ 817 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,516 ​ ​ ​ 1,516 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 427 ​ ​ ​ ​ ​ 427 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,017 ​ ​ ​ 1,017 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 325 ​ ​ ​ 325 ​ Financial products ​ ​ 10 ​ ​ 9 ​ ​ 6 ​ $ 864 ​ 889 ​ Other ​ ​ 134 ​ ​ 112 ​ ​ 433 ​ ​ ​ 679 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,144 ​ $ 3,593 ​ $ 3,707 ​ $ 26 ​ $ 12,470 ​ Over time ​ ​ 32 ​ ​ 13 ​ ​ 17 ​ ​ 838 ​ ​ 900 ​ Total ​ $ 5,176 ​ $ 3,606 ​ $ 3,724 ​ $ 864 ​ $ 13,370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended May 1, 2022 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 4,042 ​ $ 3,541 ​ $ 3,368 ​ $ 1,142 ​ $ 12,093 ​ Canada ​ ​ 448 ​ ​ 283 ​ ​ 687 ​ ​ 301 ​ 1,719 ​ Western Europe ​ ​ 1,003 ​ ​ 1,190 ​ ​ 822 ​ ​ 51 ​ 3,066 ​ Central Europe and CIS ​ ​ 606 ​ ​ 277 ​ ​ 341 ​ ​ 22 ​ 1,246 ​ Latin America ​ ​ 1,902 ​ ​ 238 ​ ​ 561 ​ ​ 141 ​ 2,842 ​ Asia, Africa, Oceania, and Middle East ​ ​ 608 ​ ​ 751 ​ ​ 537 ​ ​ 77 ​ ​ 1,973 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 8,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,315 ​ Small agriculture ​ ​ ​ ​ $ 4,600 ​ ​ ​ ​ ​ ​ ​ 4,600 ​ Turf ​ ​ ​ ​ ​ 1,444 ​ ​ ​ ​ ​ ​ ​ 1,444 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 2,691 ​ ​ ​ ​ 2,691 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 748 ​ ​ ​ ​ ​ 748 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 1,709 ​ ​ ​ ​ 1,709 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 630 ​ ​ ​ ​ 630 ​ Financial products ​ ​ 22 ​ ​ 20 ​ ​ 11 ​ $ 1,734 ​ 1,787 ​ Other ​ ​ 272 ​ ​ 216 ​ ​ 527 ​ ​ ​ ​ 1,015 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 8,540 ​ $ 6,247 ​ $ 6,277 ​ $ 50 ​ $ 21,114 ​ Over time ​ ​ 69 ​ ​ 33 ​ ​ 39 ​ ​ 1,684 ​ ​ 1,825 ​ Total ​ $ 8,609 ​ $ 6,280 ​ $ 6,316 ​ $ 1,734 ​ $ 22,939 ​ ​

OTHER COMPREHENSIVE INCOME IT_2

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	6 Months Ended
	Apr. 30, 2023
OTHER COMPREHENSIVE INCOME ITEMS
Schedule of After-Tax Components of Accumulated Other Comprehensive Income (Loss)	The after-tax components of accumulated other comprehensive income (loss) in millions of dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ ​ 2023 ​ 2022 ​ 2022 ​ Retirement benefits adjustment ​ $ (647) ​ $ (389) ​ $ (1,250) ​ Cumulative translation adjustment ​ ​ (1,813) ​ ​ (2,594) ​ ​ (1,993) ​ Unrealized gain (loss) on derivatives ​ ​ (10) ​ ​ 21 ​ ​ ​ ​ Unrealized gain (loss) on debt securities ​ ​ (68) ​ ​ (94) ​ ​ (48) ​ Total accumulated other comprehensive income (loss) ​ $ (2,538) ​ $ (3,056) ​ $ (3,291) ​ ​
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. Retirement benefits adjustment reclassifications for actuarial (gain) loss, prior service (credit) cost, and settlements are included in net periodic pension and other postretirement benefit costs (see Note 6). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended April 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment ​ $ 100 ​ ​ ​ ​ $ 100 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (4) ​ $ 1 ​ ​ (3) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (19) ​ ​ 4 ​ ​ (15) ​ Net unrealized gain (loss) on derivatives ​ ​ (23) ​ ​ 5 ​ ​ (18) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (2) ​ ​ 1 ​ ​ (1) ​ Net unrealized gain (loss) on debt securities ​ ​ (2) ​ ​ 1 ​ ​ (1) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (349) ​ ​ 83 ​ ​ (266) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ (20) ​ ​ 5 ​ ​ (15) ​ Prior service (credit) cost – Other operating expenses ​ ​ 10 ​ ​ (2) ​ ​ 8 ​ Settlements – Other operating expenses ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (323) ​ ​ 76 ​ ​ (247) ​ Total other comprehensive income (loss) $ (248) ​ $ 82 ​ $ (166) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Six Months Ended April 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 771 ​ $ 10 ​ $ 781 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (5) ​ ​ 1 ​ ​ (4) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (34) ​ ​ 7 ​ ​ (27) ​ Net unrealized gain (loss) on derivatives ​ ​ (39) ​ ​ 8 ​ ​ (31) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 33 ​ ​ (7) ​ ​ 26 ​ Net unrealized gain (loss) on debt securities ​ ​ 33 ​ ​ (7) ​ ​ 26 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (350) ​ ​ 83 ​ ​ (267) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ (41) ​ ​ 10 ​ ​ (31) ​ Prior service (credit) cost – Other operating expenses ​ ​ 19 ​ ​ (5) ​ ​ 14 ​ Settlements – Other operating expenses ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (336) ​ ​ 78 ​ ​ (258) ​ Total other comprehensive income (loss) $ 429 ​ $ 89 ​ $ 518 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended May 1, 2022 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (243) ​ $ (5) ​ $ (248) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 35 ​ ​ (7) ​ ​ 28 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 1 ​ ​ (1) ​ ​ ​ ​ Net unrealized gain (loss) on derivatives ​ ​ 36 ​ ​ (8) ​ ​ 28 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (61) ​ ​ 13 ​ ​ (48) ​ Net unrealized gain (loss) on debt securities ​ ​ (61) ​ ​ 13 ​ ​ (48) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ 128 ​ ​ (30) ​ ​ 98 ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ 27 ​ ​ (7) ​ ​ 20 ​ Prior service (credit) cost – Other operating expenses ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Settlements – Other operating expenses ​ ​ 7 ​ ​ (2) ​ ​ 5 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ 170 ​ ​ (41) ​ ​ 129 ​ Total other comprehensive income (loss) $ (98) ​ $ (41) ​ $ (139) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Six Months Ended May 1, 2022 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (507) $ (8) ​ $ (515) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 50 ​ ​ (10) ​ ​ 40 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 3 ​ ​ (1) ​ ​ 2 ​ Net unrealized gain (loss) on derivatives ​ ​ 53 ​ ​ (11) ​ ​ 42 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (80) ​ ​ 17 ​ ​ (63) ​ Net unrealized gain (loss) on debt securities ​ ​ (80) ​ ​ 17 ​ ​ (63) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) and prior service credit (cost) ​ ​ (372) ​ ​ 90 ​ ​ (282) ​ Reclassification of amortized amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss – Other operating expenses ​ ​ 67 ​ ​ (17) ​ ​ 50 ​ Prior service (credit) cost – Other operating expenses ​ ​ 14 ​ ​ (4) ​ ​ 10 ​ Settlements – Other operating expenses ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (283) ​ ​ 67 ​ ​ (216) ​ Total other comprehensive income (loss) $ (817) ​ $ 65 ​ $ (752) ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Apr. 30, 2023
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 ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Net income attributable to Deere & Company $ 2,860 $ 2,098 $ 4,819 $ 3,001 ​ Average shares outstanding ​ ​ 295.1 ​ 306.2 ​ ​ 296.3 ​ 306.8 ​ Basic per share ​ $ 9.69 ​ $ 6.85 ​ $ 16.26 ​ $ 9.78 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average shares outstanding ​ ​ 295.1 ​ 306.2 ​ ​ 296.3 ​ 306.8 ​ Effect of dilutive share-based compensation ​ ​ 1.4 ​ 1.9 ​ ​ 1.5 ​ 2.0 ​ Total potential shares outstanding ​ ​ 296.5 ​ 308.1 ​ ​ 297.8 ​ 308.8 ​ Diluted per share ​ $ 9.65 ​ $ 6.81 ​ $ 16.18 ​ $ 9.72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares excluded from EPS calculation, as antidilutive ​ ​ .2 ​ ​ .2 ​ ​ .1 ​ ​ .1 ​

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Apr. 30, 2023
PENSION AND OTHER POSTRETIREMENT BENEFITS
Schedule of Components of Net Periodic Pension and OPEB (Benefit) Cost	The Company has several defined benefit pension plans and other postretirement employee benefit (OPEB) plans, primarily health care and life insurance plans, covering its U.S. employees and employees in certain foreign countries. The components of net periodic pension and OPEB (benefit) cost consisted of the following in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Pension ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 64 $ 94 $ 124 $ 179 ​ Interest cost ​ ​ 134 ​ 80 ​ ​ 267 ​ 157 ​ Expected return on plan assets ​ ​ (220) ​ (180) ​ ​ (432) ​ (362) ​ Amortization of actuarial (gain) loss ​ ​ (6) ​ 37 ​ ​ (11) ​ 76 ​ Amortization of prior service cost ​ ​ 10 ​ 9 ​ ​ 20 ​ 16 ​ Settlements ​ ​ 36 ​ 7 ​ ​ 36 ​ 8 ​ Net cost ​ $ 18 ​ $ 47 ​ $ 4 ​ $ 74 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPEB ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 6 $ 11 $ 13 $ 23 ​ Interest cost ​ ​ 45 ​ 23 ​ ​ 88 ​ 49 ​ Expected return on plan assets ​ ​ (29) ​ (27) ​ ​ (58) ​ (55) ​ Amortization of actuarial gain ​ ​ (14) ​ (10) ​ ​ (30) ​ (9) ​ Amortization of prior service credit ​ ​ ​ ​ (1) ​ ​ (1) ​ (2) ​ Net (benefit) cost ​ $ 8 ​ $ (4) ​ $ 12 ​ $ 6 ​ ​

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Apr. 30, 2023
SEGMENT REPORTING
Schedule of Segment Reporting Information	Worldwide net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ April 30 ​ May 1 ​ % ​ April 30 ​ May 1 ​ % ​ ​ 2023 ​ 2022 ​ Change ​ 2023 ​ 2022 ​ Change Net sales and revenues: ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 7,822 ​ $ 5,117 ​ +53 $ 13,021 ​ $ 8,473 ​ +54 ​ Small ag & turf net sales ​ ​ 4,145 ​ ​ 3,570 ​ +16 ​ ​ 7,146 ​ ​ 6,201 ​ +15 ​ Construction & forestry net sales ​ ​ 4,112 ​ 3,347 ​ +23 ​ ​ 7,314 ​ 5,891 ​ +24 ​ Financial services revenues ​ ​ 1,107 ​ 864 ​ +28 ​ ​ 2,147 ​ 1,734 ​ +24 ​ Other revenues ​ ​ 201 ​ 472 ​ -57 ​ ​ 410 ​ 640 ​ -36 ​ Total net sales and revenues $ 17,387 ​ $ 13,370 ​ +30 $ 30,038 ​ $ 22,939 ​ +31 ​ Operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 2,170 ​ $ 1,057 ​ +105 $ 3,378 ​ $ 1,353 ​ +150 ​ Small ag & turf ​ ​ 849 ​ ​ 520 ​ +63 ​ ​ 1,296 ​ ​ 891 ​ +45 ​ Construction & forestry ​ ​ 838 ​ 814 ​ +3 ​ ​ 1,463 ​ 1,085 ​ +35 ​ Financial services ​ ​ 41 ​ 279 ​ -85 ​ ​ 279 ​ 577 ​ -52 ​ Total operating profit ​ ​ 3,898 ​ 2,670 ​ +46 ​ ​ 6,416 ​ 3,906 ​ +64 ​ Reconciling items ​ ​ (47) ​ (111) ​ -58 ​ ​ (69) ​ (195) ​ -65 ​ Income taxes ​ ​ (991) ​ (461) ​ +115 ​ ​ (1,528) ​ (710) ​ +115 ​ Net income attributable to Deere & Company $ 2,860 ​ $ 2,098 ​ +36 $ 4,819 ​ $ 3,001 ​ +61 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intersegment sales and revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 8 ​ $ 6 ​ +33 $ 12 ​ $ 10 ​ +20 ​ Small ag & turf net sales ​ ​ 4 ​ ​ 4 ​ ​ ​ ​ 7 ​ ​ 6 ​ +17 ​ Construction & forestry net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial services revenues ​ ​ 190 ​ 87 ​ +118 ​ ​ 395 ​ 133 ​ +197 ​ ​ Operating profit for production and precision ag, small ag and turf, and construction and forestry is income from continuing operations before reconciling items and income taxes. Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, pension and OPEB benefit amounts excluding the service cost component, equity in income of unconsolidated affiliates, and net income attributable to noncontrolling interests. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2022 Identifiable assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 9,504 ​ $ 8,414 ​ $ 8,680 ​ Small ag & turf ​ ​ 4,743 ​ ​ 4,451 ​ ​ 4,431 ​ Construction & forestry ​ ​ 7,299 ​ 6,754 ​ 6,984 ​ Financial services ​ ​ 65,233 ​ 58,864 ​ 53,110 ​ Corporate ​ ​ 11,568 ​ 11,547 ​ 10,894 ​ Total assets $ 98,347 ​ $ 90,030 ​ $ 84,099 ​

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 30, 2023
Financing Receivables
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended April 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance: ​ ​ Beginning of period balance $ 140 $ 16 ​ $ 4 ​ $ 160 ​ Provision ​ ​ 30 ​ ​ 8 ​ ​ ​ ​ ​ 38 ​ Write-offs ​ ​ (19) ​ ​ (11) ​ ​ ​ ​ ​ (30) ​ Recoveries ​ ​ 6 ​ ​ 6 ​ ​ ​ ​ ​ 12 ​ End of period balance $ 157 $ 19 ​ $ 4 ​ $ 180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended April 30, 2023 ​ ​ ​ Allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning of period balance $ 299 $ 22 ​ $ 4 ​ $ 325 ​ Provision ​ ​ 45 ​ ​ 4 ​ ​ ​ ​ ​ 49 ​ Provision transferred to held for sale ​ ​ (142) ​ ​ ​ ​ ​ ​ ​ ​ (142) ​ Provision (credit) subtotal ​ ​ (97) ​ ​ 4 ​ ​ ​ ​ ​ (93) ​ Write-offs ​ ​ (37) ​ ​ (18) ​ ​ ​ ​ ​ (55) ​ Recoveries ​ ​ 10 ​ ​ 11 ​ ​ ​ ​ ​ 21 ​ Translation adjustments ​ ​ (18) ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ End of period balance $ 157 $ 19 ​ $ 4 ​ $ 180 ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance $ 36,159 $ 3,783 ​ $ 4,851 ​ $ 44,793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended May 1, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance: ​ ​ ​ ​ ​ Beginning of period balance ​ $ 138 $ 15 ​ $ 5 ​ $ 158 ​ Provision ​ 39 ​ ​ 3 ​ ​ ​ ​ 42 ​ Write-offs ​ (18) ​ ​ (8) ​ ​ ​ ​ (26) ​ Recoveries ​ 5 ​ ​ 7 ​ ​ ​ ​ 12 ​ Translation adjustments ​ 4 ​ ​ ​ ​ ​ ​ ​ 4 ​ End of period balance ​ $ 168 ​ $ 17 ​ $ 5 ​ $ 190 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended May 1, 2022 ​ ​ ​ Allowance: ​ ​ ​ Beginning of period balance ​ $ 138 $ 21 ​ $ 7 ​ $ 166 ​ Provision (credit) ​ 52 ​ ​ (7) ​ ​ (2) ​ ​ 43 ​ Write-offs ​ (35) ​ ​ (12) ​ ​ ​ ​ ​ (47) ​ Recoveries ​ 9 ​ ​ 15 ​ ​ ​ ​ ​ 24 ​ Translation adjustments ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ 4 ​ End of period balance ​ $ 168 ​ $ 17 ​ $ 5 ​ $ 190 ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance ​ $ 32,481 $ 3,507 ​ $ 2,360 ​ $ 38,348 ​
Retail Customer Receivables
Financing Receivables
Credit Quality Analysis	The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 6,718 ​ $ 10,947 ​ $ 6,435 ​ $ 3,155 ​ $ 1,305 ​ $ 619 ​ $ 3,621 ​ $ 32,800 ​ 30-59 days past due ​ ​ 10 ​ ​ 55 ​ ​ 55 ​ ​ 31 ​ ​ 18 ​ ​ 9 ​ ​ 16 ​ ​ 194 ​ 60-89 days past due ​ ​ 2 ​ ​ 15 ​ ​ 24 ​ ​ 19 ​ ​ 4 ​ ​ 2 ​ ​ 8 ​ ​ 74 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 ​ Non-performing ​ ​ 5 ​ ​ 51 ​ ​ 51 ​ ​ 36 ​ ​ 25 ​ ​ 29 ​ ​ 25 ​ ​ 222 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 1,442 ​ ​ 2,434 ​ ​ 1,490 ​ ​ 557 ​ ​ 169 ​ ​ 56 ​ ​ 106 ​ ​ 6,254 ​ 30-59 days past due ​ ​ 7 ​ ​ 35 ​ ​ 29 ​ ​ 25 ​ ​ 21 ​ ​ 10 ​ ​ 4 ​ ​ 131 ​ 60-89 days past due ​ ​ 1 ​ ​ 8 ​ ​ 16 ​ ​ 12 ​ ​ 14 ​ ​ 12 ​ ​ 2 ​ ​ 65 ​ 90+ days past due ​ ​ ​ ​ ​ 7 ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ 11 ​ Non-performing ​ ​ 5 ​ ​ 71 ​ ​ 61 ​ ​ 33 ​ ​ 12 ​ ​ 6 ​ ​ 1 ​ ​ 189 ​ Total ​ $ 8,190 ​ $ 13,624 ​ $ 8,163 ​ $ 3,869 ​ $ 1,570 ​ $ 743 ​ $ 3,783 ​ $ 39,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 13,500 ​ $ 7,984 ​ $ 4,091 ​ $ 1,875 ​ $ 785 ​ $ 200 ​ $ 4,111 ​ $ 32,546 ​ 30-59 days past due ​ ​ 46 ​ ​ 63 ​ ​ 36 ​ ​ 17 ​ ​ 7 ​ ​ 3 ​ ​ 19 ​ ​ 191 ​ 60-89 days past due ​ ​ 14 ​ ​ 25 ​ ​ 13 ​ ​ 6 ​ ​ 2 ​ ​ 1 ​ ​ 5 ​ ​ 66 ​ 90+ days past due ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 27 ​ ​ 60 ​ ​ 44 ​ ​ 28 ​ ​ 18 ​ ​ 19 ​ ​ 8 ​ ​ 204 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,964 ​ ​ 1,974 ​ ​ 842 ​ ​ 292 ​ ​ 73 ​ ​ 12 ​ ​ 108 ​ ​ 6,265 ​ 30-59 days past due ​ ​ 53 ​ ​ 52 ​ ​ 23 ​ ​ 9 ​ ​ 2 ​ ​ 1 ​ ​ 3 ​ ​ 143 ​ 60-89 days past due ​ ​ 19 ​ ​ 16 ​ ​ 7 ​ ​ 3 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 47 ​ 90+ days past due ​ ​ 1 ​ ​ 4 ​ ​ 1 ​ ​ 3 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 10 ​ Non-performing ​ ​ 25 ​ ​ 61 ​ ​ 34 ​ ​ 19 ​ ​ 7 ​ ​ 3 ​ ​ ​ ​ ​ 149 ​ Total ​ $ 16,650 ​ $ 10,239 ​ $ 5,091 ​ $ 2,252 ​ $ 895 ​ $ 240 ​ $ 4,255 ​ $ 39,622 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 5,540 ​ $ 10,141 ​ $ 5,318 ​ $ 2,684 ​ $ 1,286 ​ $ 723 ​ $ 3,381 ​ $ 29,073 ​ 30-59 days past due ​ ​ 20 ​ ​ 75 ​ ​ 36 ​ ​ 20 ​ ​ 9 ​ ​ 5 ​ ​ 12 ​ ​ 177 ​ 60-89 days past due ​ ​ 4 ​ ​ 29 ​ ​ 14 ​ ​ 9 ​ ​ 5 ​ ​ 2 ​ ​ 4 ​ ​ 67 ​ 90+ days past due ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 3 ​ ​ 40 ​ ​ 44 ​ ​ 41 ​ ​ 25 ​ ​ 31 ​ ​ 14 ​ ​ 198 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 1,506 ​ ​ 2,404 ​ ​ 1,211 ​ ​ 577 ​ ​ 234 ​ ​ 105 ​ ​ 91 ​ ​ 6,128 ​ 30-59 days past due ​ ​ 20 ​ ​ 52 ​ ​ 33 ​ ​ 17 ​ ​ 6 ​ ​ 2 ​ ​ 3 ​ ​ 133 ​ 60-89 days past due ​ ​ 7 ​ ​ 25 ​ ​ 15 ​ ​ 6 ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 56 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 1 ​ ​ 5 ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 3 ​ ​ 46 ​ ​ 50 ​ ​ 29 ​ ​ 12 ​ ​ 5 ​ ​ 1 ​ ​ 146 ​ Total ​ $ 7,103 ​ $ 12,813 ​ $ 6,723 ​ $ 3,384 ​ $ 1,579 ​ $ 879 ​ $ 3,507 ​ $ 35,988 ​ ​
Wholesale Receivables
Financing Receivables
Credit Quality Analysis	The credit quality analysis of wholesale receivables by year of origination was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 265 ​ $ 198 ​ $ 36 ​ $ 15 ​ $ 2 ​ $ 1 ​ $ 3,653 ​ $ 4,170 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 10 ​ ​ 6 ​ ​ 24 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 638 ​ ​ 680 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 275 ​ $ 204 ​ $ 60 ​ $ 16 ​ $ 3 ​ $ 2 ​ $ 4,291 ​ $ 4,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 387 ​ $ 64 ​ $ 27 ​ $ 4 ​ ​ ​ ​ $ 2 ​ $ 2,371 ​ $ 2,855 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 7 ​ ​ 29 ​ ​ 2 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 377 ​ ​ 417 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 394 ​ $ 93 ​ $ 29 ​ $ 6 ​ ​ ​ ​ $ 3 ​ $ 2,748 ​ $ 3,273 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 224 ​ $ 155 ​ $ 43 ​ $ 8 ​ $ 1 ​ $ 2 ​ $ 1,605 ​ $ 2,038 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 6 ​ ​ 35 ​ ​ 4 ​ ​ 2 ​ ​ ​ ​ ​ 1 ​ ​ 268 ​ ​ 316 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 230 ​ $ 190 ​ $ 47 ​ $ 15 ​ $ 1 ​ $ 4 ​ $ 1,873 ​ $ 2,360 ​ ​

SECURITIZATION OF FINANCING R_2

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	6 Months Ended
	Apr. 30, 2023
SECURITIZATION OF FINANCING RECEIVABLES
Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions	The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Financing receivables securitized (retail notes) $ 5,674 ​ $ 5,952 ​ $ 4,085 ​ Allowance for credit losses ​ ​ (15) ​ (16) ​ (12) ​ Other assets (primarily restricted cash) ​ ​ 115 ​ 155 ​ 124 ​ Total restricted securitized assets $ 5,774 ​ $ 6,091 ​ $ 4,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term securitization borrowings ​ $ 5,379 ​ $ 5,711 ​ $ 4,006 ​ Accrued interest on borrowings ​ ​ 8 ​ ​ 6 ​ 2 ​ Total liabilities related to restricted securitized assets ​ $ 5,387 ​ $ 5,717 ​ $ 4,008 ​

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Apr. 30, 2023
INVENTORIES
Major Classification of Inventories	If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) basis, estimated inventories by major classification in millions of dollars would have been as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Raw materials and supplies $ 4,647 ​ $ 4,442 ​ $ 4,384 ​ Work-in-process ​ ​ 1,262 ​ 1,190 ​ 1,640 ​ Finished goods and parts ​ ​ 6,435 ​ 5,363 ​ 5,434 ​ Total FIFO value ​ ​ 12,344 ​ 10,995 ​ 11,458 ​ Less adjustment to LIFO value ​ ​ 2,631 ​ 2,500 ​ 2,428 ​ Inventories $ 9,713 ​ $ 8,495 ​ $ 9,030 ​

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)	6 Months Ended
	Apr. 30, 2023
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & Small Ag Construction ​ ​ ​ ​ Precision Ag ​ & Turf ​ & Forestry ​ Total Goodwill at October 31, 2021 ​ $ 542 ​ $ 265 ​ $ 2,484 ​ $ 3,291 ​ Acquisitions ​ 122 ​ ​ 69 ​ ​ 600 ​ ​ 791 ​ Translation adjustments ​ (11) ​ ​ (7) ​ ​ (252) ​ ​ (270) ​ Goodwill at May 1, 2022 ​ $ 653 ​ $ 327 ​ $ 2,832 ​ $ 3,812 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill at October 30, 2022 ​ $ 646 ​ $ 318 ​ $ 2,723 ​ $ 3,687 ​ Acquisition ​ ​ 41 ​ ​ ​ ​ ​ ​ ​ ​ 41 ​ Translation adjustments ​ ​ 18 ​ ​ 8 ​ ​ 209 ​ ​ 235 ​ Goodwill at April 30, 2023 ​ $ 705 ​ $ 326 ​ $ 2,932 ​ $ 3,963 ​ There were no accumulated goodwill impairment losses in the reported periods.
Components of Other Intangible Assets	The components of other intangible assets were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Amortized intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ $ 525 ​ $ 493 ​ $ 520 ​ Technology, patents, trademarks, and other ​ ​ 1,397 ​ 1,301 ​ 1,350 ​ Total at cost ​ ​ 1,922 ​ 1,794 ​ 1,870 ​ Less accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ ​ 193 ​ ​ 166 ​ ​ 158 ​ Technology, patents, trademarks, and other ​ ​ 507 ​ ​ 410 ​ ​ 360 ​ Total accumulated amortization ​ ​ 700 ​ ​ 576 ​ ​ 518 ​ Other intangible assets – net ​ $ 1,222 ​ $ 1,218 ​ $ 1,352 ​

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	6 Months Ended
	Apr. 30, 2023
SHORT-TERM BORROWINGS
Short-Term Borrowings	Short-term borrowings were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ 2023 2022 2022 ​ Commercial paper ​ $ 9,184 ​ $ 4,703 ​ $ 3,403 ​ Notes payable to banks ​ ​ 284 ​ ​ 402 ​ ​ 555 ​ Finance lease obligations due within one year ​ ​ 23 ​ ​ 21 ​ ​ 21 ​ Long-term borrowings due within one year ​ 7,618 ​ 7,466 ​ 8,434 ​ Short-term borrowings ​ $ 17,109 ​ $ 12,592 ​ $ 12,413 ​ ​

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	6 Months Ended
	Apr. 30, 2023
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ 2023 2022 ​ 2022 ​ Accounts payable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade payables $ 3,680 $ 3,894 ​ $ 3,631 ​ Payables to unconsolidated affiliates ​ ​ 9 ​ ​ 11 ​ ​ 7 ​ Dividends payable ​ 371 ​ 343 ​ 325 ​ Operating lease liabilities ​ ​ 294 ​ ​ 302 ​ ​ 260 ​ Deposits withheld from dealers and merchants ​ ​ 157 ​ ​ 163 ​ ​ 150 ​ Other ​ 131 ​ 214 ​ 163 ​ Accrued expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dealer sales discounts ​ 605 ​ 1,044 ​ 400 ​ Product warranties ​ 1,562 ​ 1,427 ​ 1,286 ​ Employee benefits ​ 1,475 ​ 1,528 ​ 1,069 ​ Accrued taxes ​ ​ 1,691 ​ ​ 1,255 ​ ​ 1,150 ​ Unearned operating lease revenue ​ ​ 441 ​ ​ 399 ​ ​ 391 ​ Unearned revenue (contractual liability) ​ 673 ​ 557 ​ 614 ​ Extended warranty premium ​ ​ 949 ​ ​ 866 ​ ​ 809 ​ Accrued interest ​ ​ 354 ​ ​ 288 ​ ​ 256 ​ Derivative liabilities ​ ​ 758 ​ ​ 1,231 ​ ​ 780 ​ Other ​ 1,566 ​ 1,300 ​ 1,388 ​ Total accounts payable and accrued expenses $ 14,716 $ 14,822 ​ $ 12,679 ​ Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,979 million at April 30, 2023, $1,280 million at October 30, 2022, and $1,173 million at May 1, 2022. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS (Tables)

LONG-TERM BORROWINGS (Tables)	6 Months Ended
	Apr. 30, 2023
LONG-TERM BORROWINGS
Long-Term Borrowings	Long-term borrowings were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ ​ 2023 2022 2022 ​ Underwritten term debt ​ ​ ​ ​ ​ ​ ​ U.S. dollar notes and debentures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2.75% notes due 2025 ​ $ 700 ​ $ 700 ​ $ 700 ​ 6.55% debentures due 2028 ​ 200 ​ 200 ​ 200 ​ 5.375% notes due 2029 ​ 500 ​ 500 ​ 500 ​ 3.10% notes due 2030 ​ ​ 700 ​ ​ 700 ​ ​ 700 ​ 8.10% debentures due 2030 ​ 250 ​ 250 ​ 250 ​ 7.125% notes due 2031 ​ 300 ​ 300 ​ 300 ​ 3.90% notes due 2042 ​ 1,250 ​ 1,250 ​ 1,250 ​ 2.875% notes due 2049 ​ ​ 500 ​ ​ 500 ​ ​ 500 ​ 3.75% notes due 2050 ​ ​ 850 ​ ​ 850 ​ ​ 850 ​ Euro notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ .5% notes due 2023 (€500 principal) ​ ​ ​ ​ ​ ​ ​ ​ 525 ​ 1.375% notes due 2024 (€800 principal) ​ ​ ​ ​ ​ 797 ​ ​ 840 ​ 1.85% notes due 2028 (€600 principal) ​ ​ 662 ​ ​ 598 ​ ​ 630 ​ 2.20% notes due 2032 (€600 principal) ​ ​ 662 ​ ​ 598 ​ ​ 630 ​ 1.65% notes due 2039 (€650 principal) ​ ​ 717 ​ ​ 648 ​ ​ 682 ​ Serial issuances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medium-term notes: (principal as of: April 30, 2023 - $27,428 , October 30, 2022 - $25,629 , May 1, 2022 - $23,247 ) ​ 26,734 ​ ​ 24,604 ​ ​ 22,740 ​ Other notes and finance lease obligations ​ 1,707 ​ 1,223 ​ 1,266 ​ Less debt issuance costs and debt discounts ​ ​ (121) ​ ​ (122) ​ ​ (116) ​ Long-term borrowings $ 35,611 ​ $ 33,596 ​ $ 32,447 ​ Medium-term notes serially due through 2032 are primarily offered by prospectus and issued at fixed and variable rates. These notes are presented in the table above with fair value adjustments related to interest rate swaps. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

LEASES - LESSOR (Tables)

LEASES - LESSOR (Tables)	6 Months Ended
	Apr. 30, 2023
LEASES - LESSOR
Schedule of Lease Revenues Earned	Lease revenues earned by the Company were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30, 2023 May 1, 2022 April 30, 2023 May 1, 2022 ​ Sales-type and direct finance lease revenues ​ $ 37 ​ $ 35 ​ $ 79 ​ $ 74 ​ Operating lease revenues ​ ​ 321 ​ ​ 330 ​ ​ 642 ​ ​ 665 ​ Variable lease revenues ​ ​ 5 ​ ​ 7 ​ ​ 11 ​ ​ 14 ​ Total lease revenues ​ $ 363 ​ $ 372 ​ $ 732 ​ $ 753 ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 30, 2023
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 was as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Beginning of period balance $ 2,345 $ 2,064 $ 2,293 $ 2,086 ​ Payments ​ ​ (274) ​ (224) ​ ​ (537) ​ (417) ​ Amortization of premiums received ​ ​ (63) ​ (64) ​ ​ (146) ​ (130) ​ Accruals for warranties ​ ​ 392 ​ 223 ​ ​ 647 ​ 404 ​ Premiums received ​ ​ 108 ​ 91 ​ ​ 215 ​ 174 ​ Foreign exchange ​ ​ 3 ​ 5 ​ ​ 39 ​ (22) ​ End of period balance ​ $ 2,511 ​ $ 2,095 ​ $ 2,511 ​ $ 2,095 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2023
FAIR VALUE MEASUREMENTS
Fair Value of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values were as follows in millions of dollars. Long-term borrowings exclude finance lease liabilities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, 2023 ​ October 30, 2022 ​ May 1, 2022 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Carrying ​ Fair Financing receivables – net ​ $ 38,954 ​ $ 38,337 ​ $ 36,634 ​ $ 35,526 ​ $ 34,085 ​ $ 33,540 ​ Financing receivables securitized – net ​ ​ 5,659 ​ ​ 5,494 ​ ​ 5,936 ​ ​ 5,698 ​ ​ 4,073 ​ ​ 4,016 ​ Short-term securitization borrowings ​ ​ 5,379 ​ ​ 5,271 ​ ​ 5,711 ​ ​ 5,577 ​ ​ 4,006 ​ ​ 3,944 ​ Long-term borrowings due within one year ​ ​ 7,618 ​ ​ 7,461 ​ ​ 7,466 ​ ​ 7,322 ​ ​ 8,434 ​ ​ 8,398 ​ Long-term borrowings ​ ​ 35,571 ​ ​ 34,802 ​ ​ 33,566 ​ ​ 31,852 ​ ​ 32,410 ​ ​ 31,975 ​ ​ Fair value measurements above were Level 3 for all financing receivables and Level 2 for all borrowings.
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis in millions of dollars follow, excluding the Company’s cash equivalents, which were carried at cost that approximates fair value and consisted of money market funds and time deposits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 ​ ​ 2023 ​ 2022 ​ 2022 Level 1: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ International equity securities ​ $ 2 ​ $ 3 ​ $ 2 ​ International mutual funds ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ U.S. equity fund ​ ​ 92 ​ ​ 70 ​ ​ 65 ​ U.S. fixed income fund ​ ​ 97 ​ ​ ​ ​ ​ U.S. government debt securities ​ ​ 64 ​ 62 ​ 59 ​ Total Level 1 marketable securities ​ ​ 266 ​ ​ 135 ​ ​ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government debt securities ​ ​ 138 ​ ​ 121 ​ ​ 130 ​ Municipal debt securities ​ ​ 70 ​ 63 ​ 67 ​ Corporate debt securities ​ ​ 213 ​ 200 ​ 206 ​ International debt securities ​ ​ 1 ​ ​ 60 ​ ​ 2 ​ Mortgage-backed securities ​ ​ 168 ​ 155 ​ 151 ​ Total Level 2 marketable securities ​ ​ 590 ​ 599 ​ 556 ​ Other assets - Derivatives ​ 367 ​ ​ 373 ​ ​ 407 ​ Accounts payable and accrued expenses - Derivatives ​ 758 ​ ​ 1,231 ​ ​ 780 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses - Deferred consideration ​ ​ 214 ​ ​ 236 ​ ​ 262 ​ ​
Contractual Maturities of Debt Securities	The contractual maturities of debt securities at April 30, 2023 in millions of dollars are shown below. Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Unrealized losses were not recognized in income due to the ability and intent to hold to maturity. 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 $ 25 ​ $ 25 ​ Due after one through five years ​ ​ 123 ​ ​ 116 ​ Due after five through 10 years ​ ​ 192 ​ ​ 171 ​ Due after 10 years ​ ​ 206 ​ ​ 174 ​ Mortgage-backed securities ​ ​ 193 ​ ​ 168 ​ Debt securities $ 739 $ 654 ​ ​
Fair Value, Nonrecurring Level 3 Measurements from Impairments	Fair value, nonrecurring Level 3 measurements from impairments, excluding financing receivables with specific allowances which were not significant, were as follows in millions of dollars. Inventories and property and equipment – net fair values for October 30, 2022 represent the fair value assessment at May 1, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ April 30 ​ October 30 ​ May 1 ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 2022 2022 2023 2022 2023 2022 Inventories ​ ​ ​ ​ $ 19 ​ $ 19 ​ ​ ​ ​ $ 8 ​ ​ ​ ​ $ 8 ​ Property and equipment – net ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ ​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 41 ​ Other intangible assets – net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 28 ​

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Apr. 30, 2023
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 were as follows in millions of dollars. Fair value hedging adjustments are included in the carrying amount of the hedged item. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Hedging Relationships ​ Discontinued Hedging Relationships ​ ​ ​ Carrying Amount ​ Cumulative Fair Value ​ Carrying Amount of ​ Cumulative Fair Value ​ ​ ​ of Hedged Item ​ Hedging Amount ​ Formerly Hedged Item ​ Hedging Amount ​ April 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 1,213 ​ $ 14 ​ Long-term borrowings ​ $ 10,334 ​ $ (562) ​ ​ 5,657 ​ ​ (132) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 2,515 ​ $ 15 ​ Long-term borrowings ​ $ 9,060 ​ $ (1,006) ​ ​ 5,520 ​ ​ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 1, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ $ 178 ​ $ 1 ​ $ 2,607 ​ $ 7 ​ Long-term borrowings ​ ​ 7,827 ​ ​ (613) ​ ​ 5,120 ​ ​ 106 ​ ​
Fair Value of Derivative Instruments in Consolidated Balance Sheet	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30 October 30 May 1 Other Assets ​ 2023 ​ 2022 ​ 2022 Designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts $ 104 ​ $ 87 ​ $ 63 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 171 ​ 212 ​ 180 ​ Foreign exchange contracts ​ ​ 91 ​ 66 ​ 125 ​ Cross-currency interest rate contracts ​ ​ 1 ​ 8 ​ 39 ​ Total not designated ​ ​ 263 ​ 286 ​ 344 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total derivative assets $ 367 ​ $ 373 ​ $ 407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts Payable and Accrued Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts $ 611 ​ $ 1,004 ​ $ 591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 91 ​ ​ 107 ​ ​ 75 ​ Foreign exchange contracts ​ ​ 42 ​ 118 ​ 114 ​ Cross-currency interest rate contracts ​ ​ 14 ​ 2 ​ ​ ​ Total not designated ​ ​ 147 ​ 227 ​ 189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total derivative liabilities $ 758 ​ $ 1,231 ​ $ 780 ​ ​
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 statements of consolidated income consisted of the following in millions of dollars: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ April 30 ​ May 1 ​ April 30 ​ May 1 ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Fair Value Hedges: ​ ​ ​ ​ Interest rate contracts - Interest expense $ (10) ​ $ (514) $ 229 ​ $ (656) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized in OCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - OCI (pretax) ​ $ (4) ​ $ 35 ​ $ (5) ​ $ 50 ​ Reclassified from OCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - Interest expense ​ ​ 19 ​ (1) ​ ​ 34 ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not Designated as Hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts - Net sales ​ $ 1 ​ $ 31 ​ $ (6) ​ $ 44 ​ Interest rate contracts - Interest expense * ​ 5 ​ ​ 61 ​ (3) ​ ​ 59 ​ Foreign exchange contracts - Net sales ​ ​ (2) ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ Foreign exchange contracts - Cost of sales ​ ​ 59 ​ (79) ​ ​ 64 ​ ​ (80) ​ Foreign exchange contracts - Other operating expenses * ​ ​ 127 ​ 26 ​ ​ (15) ​ 173 ​ Total not designated $ 190 ​ $ 38 $ 39 ​ $ 195 ​ *   ​
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 ​ ​ ​ ​ ​ April 30, 2023 Recognized Arrangements Collateral Net Amount Assets $ 367 $ (168) $ (29) $ 170 ​ Liabilities ​ ​ 758 ​ ​ (168) ​ ​ (308) ​ ​ 282 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Netting ​ ​ ​ ​ ​ October 30, 2022 Recognized Arrangements Collateral Net Amount Assets ​ $ 373 $ (179) ​ $ (54) $ 140 ​ Liabilities ​ ​ 1,231 ​ ​ (179) ​ ​ (701) ​ ​ 351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Netting ​ ​ ​ May 1, 2022 ​ Recognized ​ Arrangements ​ Collateral ​ Net Amount Assets ​ $ 407 ​ $ (110) ​ ​ ​ ​ $ 297 ​ Liabilities ​ 780 ​ (110) ​ $ (254) ​ 416 ​

SPECIAL ITEMS (Tables)

SPECIAL ITEMS (Tables)	6 Months Ended
	Apr. 30, 2023
SPECIAL ITEMS
Schedule of Special Items	The following table summarizes the operating profit impact, in millions of dollars, of the special items recorded for the three months and six months ended April 30, 2023 and May 1, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months ​ Six Months ​ ​ ​ PPA SAT CF FS Total ​ PPA ​ SAT CF FS Total ​ 2023 Expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing incentive – SA&G expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173 ​ $ 173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173 ​ $ 173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 Expense (benefit): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain on remeasurement of equity investment – Other income ​ ​ ​ ​ ​ ​ ​ $ (326) ​ ​ ​ ​ ​ (326) ​ ​ ​ ​ ​ ​ ​ $ (326) ​ ​ ​ ​ ​ (326) ​ Total Russia/Ukraine events expense ​ $ 46 ​ $ 1 ​ ​ 47 ​ ​ 26 ​ ​ 120 ​ $ 46 ​ $ 1 ​ ​ 47 ​ ​ 26 ​ ​ 120 ​ UAW ratification bonus – Cost of sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 53 ​ ​ 9 ​ ​ 28 ​ ​ ​ ​ ​ 90 ​ Total 2022 expense (benefit) ​ ​ 46 ​ ​ 1 ​ ​ (279) ​ ​ 26 ​ ​ (206) ​ ​ 99 ​ ​ 10 ​ ​ (251) ​ ​ 26 ​ ​ (116) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Period over period change ​ $ (46) ​ $ (1) ​ $ 279 ​ $ 147 ​ $ 379 ​ $ (99) ​ $ (10) ​ $ 251 ​ $ 147 ​ $ 289 ​

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION (Details)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
ORGANIZATION AND CONSOLIDATION
Fiscal period duration	91 days	91 days	182 days	182 days

REVENUE RECOGNITION - Primary G

REVENUE RECOGNITION - Primary Geographic Market, Major Product Line, and Timing (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Revenue Recognition
Net sales and revenues	$ 17,387	$ 13,370	$ 30,038	$ 22,939
Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	16,205	12,470	27,734	21,114
Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	1,182	900	2,304	1,825
Production Agriculture
Revenue Recognition
Net sales	7,733	5,032	12,845	8,315
Small Agriculture
Revenue Recognition
Net sales	2,952	2,668	5,146	4,600
Turf
Revenue Recognition
Net sales	1,099	817	1,818	1,444
Construction
Revenue Recognition
Net sales	1,813	1,516	3,295	2,691
Compact Construction
Revenue Recognition
Net sales	663	427	1,136	748
Roadbuilding
Revenue Recognition
Net sales	1,134	1,017	1,952	1,709
Forestry
Revenue Recognition
Net sales	429	325	785	630
Financial Products
Revenue Recognition
Financial	1,168	889	2,270	1,787
Other
Revenue Recognition
Other net sales and revenues	396	679	791	1,015
United States
Revenue Recognition
Net sales and revenues	9,626	7,214	16,532	12,093
Canada
Revenue Recognition
Net sales and revenues	1,190	974	2,121	1,719
Western Europe
Revenue Recognition
Net sales and revenues	2,169	1,683	3,628	3,066
Central Europe and CIS
Revenue Recognition
Net sales and revenues	703	712	1,115	1,246
Latin America
Revenue Recognition
Net sales and revenues	2,238	1,666	4,065	2,842
Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	1,461	1,121	2,577	1,973
Production & Precision Ag (PPA)
Revenue Recognition
Net sales and revenues	7,912	5,176	13,215	8,609
Production & Precision Ag (PPA) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	7,861	5,144	13,109	8,540
Production & Precision Ag (PPA) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	51	32	106	69
Production & Precision Ag (PPA) | Production Agriculture
Revenue Recognition
Net sales	7,733	5,032	12,845	8,315
Production & Precision Ag (PPA) | Financial Products
Revenue Recognition
Financial	29	10	60	22
Production & Precision Ag (PPA) | Other
Revenue Recognition
Other net sales and revenues	150	134	310	272
Production & Precision Ag (PPA) | United States
Revenue Recognition
Net sales and revenues	4,058	2,434	6,686	4,042
Production & Precision Ag (PPA) | Canada
Revenue Recognition
Net sales and revenues	546	309	906	448
Production & Precision Ag (PPA) | Western Europe
Revenue Recognition
Net sales and revenues	758	536	1,259	1,003
Production & Precision Ag (PPA) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	393	404	595	606
Production & Precision Ag (PPA) | Latin America
Revenue Recognition
Net sales and revenues	1,543	1,126	2,780	1,902
Production & Precision Ag (PPA) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	614	367	989	608
Small Ag & Turf (SAT)
Revenue Recognition
Net sales and revenues	4,200	3,606	7,254	6,280
Small Ag & Turf (SAT) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	4,171	3,593	7,200	6,247
Small Ag & Turf (SAT) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	29	13	54	33
Small Ag & Turf (SAT) | Small Agriculture
Revenue Recognition
Net sales	2,952	2,668	5,146	4,600
Small Ag & Turf (SAT) | Turf
Revenue Recognition
Net sales	1,099	817	1,818	1,444
Small Ag & Turf (SAT) | Financial Products
Revenue Recognition
Financial	20	9	38	20
Small Ag & Turf (SAT) | Other
Revenue Recognition
Other net sales and revenues	129	112	252	216
Small Ag & Turf (SAT) | United States
Revenue Recognition
Net sales and revenues	2,241	2,103	3,906	3,541
Small Ag & Turf (SAT) | Canada
Revenue Recognition
Net sales and revenues	189	161	335	283
Small Ag & Turf (SAT) | Western Europe
Revenue Recognition
Net sales and revenues	888	658	1,452	1,190
Small Ag & Turf (SAT) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	212	151	335	277
Small Ag & Turf (SAT) | Latin America
Revenue Recognition
Net sales and revenues	201	134	357	238
Small Ag & Turf (SAT) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	469	399	869	751
Construction & Forestry (CF)
Revenue Recognition
Net sales and revenues	4,168	3,724	7,422	6,316
Construction & Forestry (CF) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	4,146	3,707	7,375	6,277
Construction & Forestry (CF) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	22	17	47	39
Construction & Forestry (CF) | Construction
Revenue Recognition
Net sales	1,813	1,516	3,295	2,691
Construction & Forestry (CF) | Compact Construction
Revenue Recognition
Net sales	663	427	1,136	748
Construction & Forestry (CF) | Roadbuilding
Revenue Recognition
Net sales	1,134	1,017	1,952	1,709
Construction & Forestry (CF) | Forestry
Revenue Recognition
Net sales	429	325	785	630
Construction & Forestry (CF) | Financial Products
Revenue Recognition
Financial	12	6	25	11
Construction & Forestry (CF) | Other
Revenue Recognition
Other net sales and revenues	117	433	229	527
Construction & Forestry (CF) | United States
Revenue Recognition
Net sales and revenues	2,561	2,108	4,461	3,368
Construction & Forestry (CF) | Canada
Revenue Recognition
Net sales and revenues	302	355	577	687
Construction & Forestry (CF) | Western Europe
Revenue Recognition
Net sales and revenues	492	464	857	822
Construction & Forestry (CF) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	90	146	165	341
Construction & Forestry (CF) | Latin America
Revenue Recognition
Net sales and revenues	388	333	727	561
Construction & Forestry (CF) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	335	318	635	537
Financial Services (FS)
Revenue Recognition
Financial	1,107	864	2,147	1,734
Financial Services (FS) | Revenue Recognized at a Point in Time
Revenue Recognition
Financial	27	26	50	50
Financial Services (FS) | Revenue Recognized Over Time
Revenue Recognition
Financial	1,080	838	2,097	1,684
Financial Services (FS) | Financial Products
Revenue Recognition
Financial	1,107	864	2,147	1,734
Financial Services (FS) | United States
Revenue Recognition
Financial	766	569	1,479	1,142
Financial Services (FS) | Canada
Revenue Recognition
Financial	153	149	303	301
Financial Services (FS) | Western Europe
Revenue Recognition
Financial	31	25	60	51
Financial Services (FS) | Central Europe and CIS
Revenue Recognition
Financial	8	11	20	22
Financial Services (FS) | Latin America
Revenue Recognition
Financial	106	73	201	141
Financial Services (FS) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Financial	$ 43	$ 37	$ 84	$ 77

REVENUE RECOGNITION - Deferred

REVENUE RECOGNITION - Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
Deferred Revenue
Deferred revenue received	$ 1,622	$ 1,423	$ 1,622	$ 1,423	$ 1,423
Revenue recognized from deferred revenue	$ 129	$ 130	$ 343	$ 395

REVENUE RECOGNITION - Unsatisfi

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Apr. 30, 2023 USD ($)
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 1,378
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-01
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 238
Period estimated revenue to be recognized	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-30
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 376
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
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 294
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-03
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 191
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-11-02
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 111
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-11-01
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 68
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-10-30
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 100
Period estimated revenue to be recognized	24 months

OTHER COMPREHENSIVE INCOME IT_3

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Components (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ 22,395	$ 20,262	$ 18,904
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(2,538)	(3,056)	(3,291)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(647)	(389)	(1,250)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(1,813)	(2,594)	(1,993)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(10)	21
Unrealized Gain (Loss) on Debt Securities
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ (68)	$ (94)	$ (48)

OTHER COMPREHENSIVE INCOME IT_4

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (569)	$ (187)	$ (1,049)	$ (417)
Other operating expenses	(363)	(328)	(660)	(638)
Total other comprehensive income (loss), before tax	(248)	(98)	429	(817)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	82	(41)	89	65
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	(166)	(139)	518	(752)
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	100	(243)	771	(507)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit		(5)	10	(8)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	100	(248)	781	(515)
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(4)	35	(5)	50
Total other comprehensive income (loss), before tax	(23)	36	(39)	53
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	1	(7)	1	(10)
Total other comprehensive income (loss), tax (expense) credit	5	(8)	8	(11)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(3)	28	(4)	40
Other comprehensive income (loss), net of income taxes	(18)	28	(31)	42
Unrealized Gain (Loss) on Derivatives | Interest Rate Contracts (Swaps) | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Interest expense	(19)	1	(34)	3
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	4	(1)	7	(1)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(15)		(27)	2
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(2)	(61)	33	(80)
Total other comprehensive income (loss), before tax	(2)	(61)	33	(80)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	1	13	(7)	17
Total other comprehensive income (loss), tax (expense) credit	1	13	(7)	17
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(1)	(48)	26	(63)
Other comprehensive income (loss), net of income taxes	(1)	(48)	26	(63)
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(349)	128	(350)	(372)
Total other comprehensive income (loss), before tax	(323)	170	(336)	(283)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	83	(30)	83	90
Total other comprehensive income (loss), tax (expense) credit	76	(41)	78	67
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(266)	98	(267)	(282)
Other comprehensive income (loss), net of income taxes	(247)	129	(258)	(216)
Actuarial (Gain) Loss | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(20)	27	(41)	67
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	5	(7)	10	(17)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(15)	20	(31)	50
Prior Service (Credit) Cost | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	10	8	19	14
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(2)	(2)	(5)	(4)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	8	6	14	10
Settlements | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	36	7	36	8
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(10)	(2)	(10)	(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	$ 26	$ 5	$ 26	$ 6

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 2,860	$ 2,098	$ 4,819	$ 3,001
Average shares outstanding	295.1	306.2	296.3	306.8
Basic (in dollars per share)	$ 9.69	$ 6.85	$ 16.26	$ 9.78
Diluted Earnings Per Share
Average shares outstanding	295.1	306.2	296.3	306.8
Effect of dilutive share-based compensation (in shares)	1.4	1.9	1.5	2
Total potential shares outstanding	296.5	308.1	297.8	308.8
Diluted (in dollars per share)	$ 9.65	$ 6.81	$ 16.18	$ 9.72
Shares excluded from EPS calculation, as antidilutive	0.2	0.2	0.1	0.1

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFITS - Components of Net Periodic (Benefit) Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Pensions
Net Periodic (Benefit) Cost
Service cost	$ 64	$ 94	$ 124	$ 179
Interest cost	$ 134	$ 80	$ 267	$ 157
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (220)	$ (180)	$ (432)	$ (362)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial (gain) loss	$ (6)	$ 37	$ (11)	$ 76
Location of amortization of actuarial (gain) loss	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost	$ 10	$ 9	$ 20	$ 16
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Settlements	$ 36	$ 7	$ 36	$ 8
Location of settlements	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ 18	$ 47	$ 4	$ 74
Pensions | International
Net Periodic (Benefit) Cost
Settlements	$ 36
Location of settlements	Other operating expenses
OPEB
Net Periodic (Benefit) Cost
Service cost	$ 6	11	13	23
Interest cost	$ 45	$ 23	$ 88	$ 49
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (29)	$ (27)	$ (58)	$ (55)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial (gain) loss	$ (14)	$ (10)	$ (30)	$ (9)
Location of amortization of actuarial (gain) loss	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost		$ (1)	$ (1)	$ (2)
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ 8	$ (4)	$ 12	$ 6

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
Net Sales and Revenues
Net sales and revenues	$ 17,387	$ 13,370	$ 30,038	$ 22,939
% Change - Net sales and revenues	30%		31%
Operating Profit
Total operating profit	$ 3,898	2,670	$ 6,416	3,906
% Change - Operating profit	46%		64%
Net income attributable to Deere & Company	$ 2,860	2,098	$ 4,819	3,001
% Change - Net income attributable to Deere & Company	36%		61%
Identifiable Assets
Total Assets	$ 98,347	84,099	$ 98,347	84,099	$ 90,030
Operating Segments (Other)
Reconciling items	$ (47)	(111)	$ (69)	(195)
% Change - Reconciling items	(58.00%)		(65.00%)
Income taxes	$ (991)	(461)	$ (1,528)	(710)
% Change - Income taxes	115%		115%
Corporate
Identifiable Assets
Total Assets	$ 11,568	10,894	$ 11,568	10,894	11,547
Other Revenues
Net Sales and Revenues
Other revenues	$ 201	472	$ 410	640
% Change - Other revenues	(57.00%)		(36.00%)
Production & Precision Ag (PPA)
Net Sales and Revenues
Net sales and revenues	$ 7,912	5,176	$ 13,215	8,609
Intersegment sales and revenues	$ 8	6	$ 12	10
% Change - Intersegment sales and revenues	33%		20%
Operating Profit
Total operating profit	$ 2,170	1,057	$ 3,378	1,353
% Change - Operating profit	105%		150%
Production & Precision Ag (PPA) | Operating Segment
Identifiable Assets
Total Assets	$ 9,504	8,680	$ 9,504	8,680	8,414
Small Ag & Turf (SAT)
Net Sales and Revenues
Net sales and revenues	4,200	3,606	7,254	6,280
Intersegment sales and revenues	4	4	$ 7	6
% Change - Intersegment sales and revenues			17%
Operating Profit
Total operating profit	$ 849	520	$ 1,296	891
% Change - Operating profit	63%		45%
Small Ag & Turf (SAT) | Operating Segment
Identifiable Assets
Total Assets	$ 4,743	4,431	$ 4,743	4,431	4,451
Construction & Forestry (CF)
Net Sales and Revenues
Net sales and revenues	4,168	3,724	7,422	6,316
Operating Profit
Total operating profit	$ 838	814	$ 1,463	1,085
% Change - Operating profit	3%		35%
Construction & Forestry (CF) | Operating Segment
Identifiable Assets
Total Assets	$ 7,299	6,984	$ 7,299	6,984	6,754
Financial Services (FS)
Net Sales and Revenues
Financial revenues	$ 1,107	864	$ 2,147	1,734
% Change - Financial revenues	28%		24%
Intersegment sales and revenues	$ 190	87	$ 395	133
% Change - Intersegment sales and revenues	118%		197%
Operating Profit
Total operating profit	$ 41	279	$ 279	577
% Change - Operating profit	(85.00%)		(52.00%)
Financial Services (FS) | Operating Segment
Identifiable Assets
Total Assets	$ 65,233	53,110	$ 65,233	53,110	$ 58,864
Net Sales
Net Sales and Revenues
Net sales and revenues	16,079	12,034	27,481	20,565
Net Sales | Production & Precision Ag (PPA)
Net Sales and Revenues
Net sales	$ 7,822	5,117	$ 13,021	8,473
% Change - Net sales	53%		54%
Net Sales | Small Ag & Turf (SAT)
Net Sales and Revenues
Net sales	$ 4,145	3,570	$ 7,146	6,201
% Change - Net sales	16%		15%
Net Sales | Construction & Forestry (CF)
Net Sales and Revenues
Net sales	$ 4,112	$ 3,347	$ 7,314	$ 5,891
% Change - Net sales	23%		24%

FINANCING RECEIVABLES - Financi

FINANCING RECEIVABLES - Financing Receivables Past Due (Details)	6 Months Ended
	Apr. 30, 2023
FINANCING RECEIVABLES
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	false
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

FINANCING RECEIVABLES - Retail

FINANCING RECEIVABLES - Retail Notes, Financing Leases, and Revolving Charge Accounts Credit Quality Analysis (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Credit Quality Analysis
Total retail customer receivables	$ 44,793		$ 38,348
Retail Customer Receivables
Credit Quality Analysis
2023 and 2022, respectively	8,190	$ 16,650	7,103
2022 and 2021, respectively	13,624	10,239	12,813
2021 and 2020, respectively	8,163	5,091	6,723
2020 and 2019, respectively	3,869	2,252	3,384
2019 and 2018, respectively	1,570	895	1,579
Prior years	743	240	879
Revolving	3,783	4,255	3,507
Total retail customer receivables	39,942	39,622	35,988
Retail Customer Receivables | Agriculture and Turf | 30-59 Days Past Due
Credit Quality Analysis
2023 and 2022, respectively	10	46	20
2022 and 2021, respectively	55	63	75
2021 and 2020, respectively	55	36	36
2020 and 2019, respectively	31	17	20
2019 and 2018, respectively	18	7	9
Prior years	9	3	5
Revolving	16	19	12
Total retail customer receivables	194	191	177
Retail Customer Receivables | Agriculture and Turf | 60-89 Days Past Due
Credit Quality Analysis
2023 and 2022, respectively	2	14	4
2022 and 2021, respectively	15	25	29
2021 and 2020, respectively	24	13	14
2020 and 2019, respectively	19	6	9
2019 and 2018, respectively	4	2	5
Prior years	2	1	2
Revolving	8	5	4
Total retail customer receivables	74	66	67
Retail Customer Receivables | Agriculture and Turf | 90 Days or Greater Past Due
Credit Quality Analysis
2023 and 2022, respectively		1
2022 and 2021, respectively	1
2021 and 2020, respectively	1		1
Total retail customer receivables	2	1	1
Retail Customer Receivables | Agriculture and Turf | Current
Credit Quality Analysis
2023 and 2022, respectively	6,718	13,500	5,540
2022 and 2021, respectively	10,947	7,984	10,141
2021 and 2020, respectively	6,435	4,091	5,318
2020 and 2019, respectively	3,155	1,875	2,684
2019 and 2018, respectively	1,305	785	1,286
Prior years	619	200	723
Revolving	3,621	4,111	3,381
Total retail customer receivables	32,800	32,546	29,073
Retail Customer Receivables | Agriculture and Turf | Non-performing
Credit Quality Analysis
2023 and 2022, respectively	5	27	3
2022 and 2021, respectively	51	60	40
2021 and 2020, respectively	51	44	44
2020 and 2019, respectively	36	28	41
2019 and 2018, respectively	25	18	25
Prior years	29	19	31
Revolving	25	8	14
Total retail customer receivables	222	204	198
Retail Customer Receivables | Construction and Forestry | 30-59 Days Past Due
Credit Quality Analysis
2023 and 2022, respectively	7	53	20
2022 and 2021, respectively	35	52	52
2021 and 2020, respectively	29	23	33
2020 and 2019, respectively	25	9	17
2019 and 2018, respectively	21	2	6
Prior years	10	1	2
Revolving	4	3	3
Total retail customer receivables	131	143	133
Retail Customer Receivables | Construction and Forestry | 60-89 Days Past Due
Credit Quality Analysis
2023 and 2022, respectively	1	19	7
2022 and 2021, respectively	8	16	25
2021 and 2020, respectively	16	7	15
2020 and 2019, respectively	12	3	6
2019 and 2018, respectively	14	1	1
Prior years	12		1
Revolving	2	1	1
Total retail customer receivables	65	47	56
Retail Customer Receivables | Construction and Forestry | 90 Days or Greater Past Due
Credit Quality Analysis
2023 and 2022, respectively		1
2022 and 2021, respectively	7	4	1
2021 and 2020, respectively	1	1	1
2020 and 2019, respectively	1	3	1
2019 and 2018, respectively	2		1
Prior years		1	5
Total retail customer receivables	11	10	9
Retail Customer Receivables | Construction and Forestry | Current
Credit Quality Analysis
2023 and 2022, respectively	1,442	2,964	1,506
2022 and 2021, respectively	2,434	1,974	2,404
2021 and 2020, respectively	1,490	842	1,211
2020 and 2019, respectively	557	292	577
2019 and 2018, respectively	169	73	234
Prior years	56	12	105
Revolving	106	108	91
Total retail customer receivables	6,254	6,265	6,128
Retail Customer Receivables | Construction and Forestry | Non-performing
Credit Quality Analysis
2023 and 2022, respectively	5	25	3
2022 and 2021, respectively	71	61	46
2021 and 2020, respectively	61	34	50
2020 and 2019, respectively	33	19	29
2019 and 2018, respectively	12	7	12
Prior years	6	3	5
Revolving	1		1
Total retail customer receivables	$ 189	$ 149	$ 146

FINANCING RECEIVABLES - Wholesa

FINANCING RECEIVABLES - Wholesale Receivables Credit Quality Analysis (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Credit Quality Analysis
Total wholesale receivables	$ 44,793		$ 38,348
Wholesale Receivables
Credit Quality Analysis
2023 and 2022, respectively	275	$ 394	230
2022 and 2021, respectively	204	93	190
2021 and 2020, respectively	60	29	47
2020 and 2019, respectively	16	6	15
2019 and 2018, respectively	3		1
Prior years	2	3	4
Revolving	4,291	2,748	1,873
Total wholesale receivables	4,851	3,273	2,360
Wholesale Receivables | Agriculture and Turf | Current
Credit Quality Analysis
2023 and 2022, respectively	265	387	224
2022 and 2021, respectively	198	64	155
2021 and 2020, respectively	36	27	43
2020 and 2019, respectively	15	4	8
2019 and 2018, respectively	2		1
Prior years	1	2	2
Revolving	3,653	2,371	1,605
Total wholesale receivables	4,170	2,855	2,038
Wholesale Receivables | Agriculture and Turf | Non-performing
Credit Quality Analysis
2020 and 2019, respectively		1	5
2019 and 2018, respectively	1
Total wholesale receivables	1	1	5
Wholesale Receivables | Construction and Forestry | 30+ days past due
Credit Quality Analysis
Prior years			1
Total wholesale receivables			1
Wholesale Receivables | Construction and Forestry | Current
Credit Quality Analysis
2023 and 2022, respectively	10	7	6
2022 and 2021, respectively	6	29	35
2021 and 2020, respectively	24	2	4
2020 and 2019, respectively	1	1	2
Prior years	1	1	1
Revolving	638	377	268
Total wholesale receivables	$ 680	$ 417	$ 316

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
Allowance:
Beginning of period balance	$ 160	$ 158	$ 325	$ 166
Provision (credit)	38	42	49	43
Provision (credit) subtotal			(93)
Write-offs	(30)	(26)	(55)	(47)
Recoveries	12	12	21	24
Translation adjustments		4	(18)	4
End of period balance	180	190	180	190
Financing receivables:
End of period balance	44,793	38,348	44,793	38,348
Russia
Allowance:
Provision transferred to held for sale			(142)
Retail Customer Receivables
Financing receivables:
End of period balance	39,942	35,988	39,942	35,988	$ 39,622
Retail Notes and Financing Leases
Allowance:
Beginning of period balance	140	138	299	138
Provision (credit)	30	39	45	52
Provision (credit) subtotal			(97)
Write-offs	(19)	(18)	(37)	(35)
Recoveries	6	5	10	9
Translation adjustments		4	(18)	4
End of period balance	157	168	157	168
Financing receivables:
End of period balance	36,159	32,481	36,159	32,481
Retail Notes and Financing Leases | Russia
Allowance:
Provision transferred to held for sale			(142)
Revolving Charge Accounts
Allowance:
Beginning of period balance	16	15	22	21
Provision (credit)	8	3	4	(7)
Provision (credit) subtotal			4
Write-offs	(11)	(8)	(18)	(12)
Recoveries	6	7	11	15
End of period balance	19	17	19	17
Financing receivables:
End of period balance	3,783	3,507	3,783	3,507
Wholesale Receivables
Allowance:
Beginning of period balance	4	5	4	7
Provision (credit)				(2)
End of period balance	4	5	4	5
Financing receivables:
End of period balance	$ 4,851	$ 2,360	$ 4,851	$ 2,360	$ 3,273

SECURITIZATION OF FINANCING R_3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Securitization of Financing Receivables
Other assets	$ 2,510	$ 2,417	$ 2,280
Total Assets	98,347	90,030	84,099
Short-term securitization borrowings	5,379	5,711	4,006
Accrued interest on borrowings - securitization transactions	8	6	2
Total liabilities related to restricted securitized assets	5,387	5,717	4,008
Securitized
Securitization of Financing Receivables
Financing receivables securitized (retail notes)	5,674	5,952	4,085
Allowance for credit losses	(15)	(16)	(12)
Other assets	115	155	124
Total Assets	$ 5,774	$ 6,091	$ 4,197

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
INVENTORIES
Raw materials and supplies	$ 4,647	$ 4,442	$ 4,384
Work-in-process	1,262	1,190	1,640
Finished goods and parts	6,435	5,363	5,434
Total FIFO value	12,344	10,995	11,458
Less adjustment to LIFO value	2,631	2,500	2,428
Inventories	$ 9,713	$ 8,495	$ 9,030

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	May 01, 2022
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 3,687	$ 3,291
Acquisition(s)	41	791
Translation adjustments	235	(270)
Goodwill - net, ending balance	3,963	3,812
Accumulated goodwill impairment losses	0	0
Production & Precision Ag (PPA)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	646	542
Acquisition(s)	41	122
Translation adjustments	18	(11)
Goodwill - net, ending balance	705	653
Small Ag & Turf (SAT)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	318	265
Acquisition(s)		69
Translation adjustments	8	(7)
Goodwill - net, ending balance	326	327
Construction & Forestry (CF)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,723	2,484
Acquisition(s)		600
Translation adjustments	209	(252)
Goodwill - net, ending balance	$ 2,932	$ 2,832

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Intangible Assets (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Amortized intangible assets:
Total at cost	$ 1,922	$ 1,794	$ 1,870
Total accumulated amortization	700	576	518
Other intangible assets - net	1,222	1,218	1,352
Customer Lists and Relationships
Amortized intangible assets:
Total at cost	525	493	520
Total accumulated amortization	193	166	158
Technology, Patents, Trademarks and Other
Amortized intangible assets:
Total at cost	1,397	1,301	1,350
Total accumulated amortization	$ 507	$ 410	$ 360

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS-NET - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 45	$ 34	$ 84	$ 62
Amortization expense of other intangible assets - remainder of 2023	88		88
Amortization expense of other intangible assets - 2024	168		168
Amortization expense of other intangible assets - 2025	139		139
Amortization expense of other intangible assets - 2026	120		120
Amortization expense of other intangible assets - 2027	119		119
Amortization expense of other intangible assets - 2028	$ 86		$ 86

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Short-term borrowings
Short-term borrowings	$ 17,109	$ 12,592	$ 12,413
Commercial Paper
Short-term borrowings
Short-term borrowings	9,184	4,703	3,403
Notes Payable to Banks
Short-term borrowings
Short-term borrowings	284	402	555
Finance Lease Obligations Due Within One Year
Short-term borrowings
Short-term borrowings	23	21	21
Long-term Borrowings Due Within One Year
Short-term borrowings
Short-term borrowings	$ 7,618	$ 7,466	$ 8,434

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Accounts payable:
Trade payables	$ 3,680	$ 3,894	$ 3,631
Payables to unconsolidated affiliates	9	11	7
Dividends payable	371	343	325
Operating lease liabilities	$ 294	$ 302	$ 260
Location of operating lease, liability	Total accounts payable and accrued expenses	Total accounts payable and accrued expenses	Total accounts payable and accrued expenses
Deposits withheld from dealers and merchants	$ 157	$ 163	$ 150
Other	131	214	163
Accrued expenses:
Dealer sales discounts	605	1,044	400
Product warranties	1,562	1,427	1,286
Employee benefits	1,475	1,528	1,069
Accrued taxes	1,691	1,255	1,150
Unearned operating lease revenue	441	399	391
Unearned revenue (contractual liability)	673	557	614
Extended warranty premium	949	866	809
Accrued interest	354	288	256
Derivative liabilities	758	1,231	780
Other	1,566	1,300	1,388
Total accounts payable and accrued expenses	14,716	14,822	12,679
Eliminations | Trade Accounts and Notes Receivable
Accrued expenses:
Trade receivable valuation accounts related to dealer sales incentive accruals	$ 1,979	$ 1,280	$ 1,173

LONG-TERM BORROWINGS (Details)

LONG-TERM BORROWINGS (Details) € in Millions, $ in Millions	Apr. 30, 2023 USD ($)	Apr. 30, 2023 EUR (€)	Oct. 30, 2022 USD ($)	Oct. 30, 2022 EUR (€)	May 01, 2022 USD ($)	May 01, 2022 EUR (€)
Long-term borrowings
Less debt issuance costs and debt discounts	$ (121)		$ (122)		$ (116)
Total long-term borrowings	35,611		33,596		32,447
2.75% Notes Due 2025
Long-term borrowings
Long-term borrowings, gross	$ 700		$ 700		$ 700
Debt instrument, stated interest rate	2.75%	2.75%	2.75%	2.75%	2.75%	2.75%
6.55% Debentures Due 2028
Long-term borrowings
Long-term borrowings, gross	$ 200		$ 200		$ 200
Debt instrument, stated interest rate	6.55%	6.55%	6.55%	6.55%	6.55%	6.55%
5.375% Notes Due 2029
Long-term borrowings
Long-term borrowings, gross	$ 500		$ 500		$ 500
Debt instrument, stated interest rate	5.375%	5.375%	5.375%	5.375%	5.375%	5.375%
3.10% Notes Due 2030
Long-term borrowings
Long-term borrowings, gross	$ 700		$ 700		$ 700
Debt instrument, stated interest rate	3.10%	3.10%	3.10%	3.10%	3.10%	3.10%
8.10% Debentures Due 2030
Long-term borrowings
Long-term borrowings, gross	$ 250		$ 250		$ 250
Debt instrument, stated interest rate	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%
7.125% Notes Due 2031
Long-term borrowings
Long-term borrowings, gross	$ 300		$ 300		$ 300
Debt instrument, stated interest rate	7.125%	7.125%	7.125%	7.125%	7.125%	7.125%
3.90% Notes Due 2042
Long-term borrowings
Long-term borrowings, gross	$ 1,250		$ 1,250		$ 1,250
Debt instrument, stated interest rate	3.90%	3.90%	3.90%	3.90%	3.90%	3.90%
2.875% Notes Due 2049
Long-term borrowings
Long-term borrowings, gross	$ 500		$ 500		$ 500
Debt instrument, stated interest rate	2.875%	2.875%	2.875%	2.875%	2.875%	2.875%
3.75% Notes Due 2050
Long-term borrowings
Long-term borrowings, gross	$ 850		$ 850		$ 850
Debt instrument, stated interest rate	3.75%	3.75%	3.75%	3.75%	3.75%	3.75%
.5% Notes Due 2023
Long-term borrowings
Long-term borrowings, gross					$ 525
Debt instrument, stated interest rate					0.50%	0.50%
Principal amount | €						€ 500
1.375% Notes Due 2024
Long-term borrowings
Long-term borrowings, gross			$ 797		$ 840
Debt instrument, stated interest rate			1.375%	1.375%	1.375%	1.375%
Principal amount | €				€ 800		€ 800
1.85% Notes Due 2028
Long-term borrowings
Long-term borrowings, gross	$ 662		$ 598		$ 630
Debt instrument, stated interest rate	1.85%	1.85%	1.85%	1.85%	1.85%	1.85%
Principal amount | €		€ 600		€ 600		€ 600
2.20% Notes Due 2032
Long-term borrowings
Long-term borrowings, gross	$ 662		$ 598		$ 630
Debt instrument, stated interest rate	2.20%	2.20%	2.20%	2.20%	2.20%	2.20%
Principal amount | €		€ 600		€ 600		€ 600
1.65% Notes Due 2039
Long-term borrowings
Long-term borrowings, gross	$ 717		$ 648		$ 682
Debt instrument, stated interest rate	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
Principal amount | €		€ 650		€ 650		€ 650
Medium-term Notes
Long-term borrowings
Long-term borrowings, gross	$ 26,734		$ 24,604		$ 22,740
Principal amount	27,428		25,629		23,247
Other Notes and Finance Lease Obligations
Long-term borrowings
Long-term borrowings, gross	$ 1,707		$ 1,223		$ 1,266

LEASES - LESSOR - Lease Revenue

LEASES - LESSOR - Lease Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
LEASES - LESSOR
Sales-type and direct finance lease revenues	$ 37	$ 35	$ 79	$ 74
Operating lease revenues	321	330	642	665
Variable lease revenues	5	7	11	14
Total lease revenues	$ 363	$ 372	$ 732	$ 753

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
COMMITMENTS AND CONTINGENCIES
Historical claims rate, review period			5 years
Unamortized extended warranty premiums (deferred revenue)	$ 949	$ 809	$ 949	$ 809	$ 866
Change in Warranty Liability and Unearned Premiums
Beginning of period balance	2,345	2,064	2,293	2,086
Payments	(274)	(224)	(537)	(417)
Amortization of premiums received	(63)	(64)	(146)	(130)
Accruals for warranties	392	223	647	404
Premiums received	108	91	215	174
Foreign exchange	3	5	39	(22)
End of period balance	$ 2,511	$ 2,095	$ 2,511	$ 2,095

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	6 Months Ended
	Apr. 30, 2023 USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 524
Restricted Assets and Other Contingent Liabilities
Other restricted assets	189
Miscellaneous contingent liabilities and guarantees	65
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	$ 207

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 5,379	$ 5,711	$ 4,006
Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	38,954	36,634	34,085
Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 5,659	$ 5,936	$ 4,073
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Level 2
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 5,271	$ 5,577	$ 3,944
Long-term borrowings due within one year	7,461	7,322	8,398
Long-term borrowings	34,802	31,852	31,975
Level 3 | Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	38,337	35,526	33,540
Level 3 | Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 5,494	$ 5,698	$ 4,016
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Carrying Value
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 5,379	$ 5,711	$ 4,006
Long-term borrowings due within one year	7,618	7,466	8,434
Long-term borrowings	35,571	33,566	32,410
Carrying Value | Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	38,954	36,634	34,085
Carrying Value | Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 5,659	$ 5,936	$ 4,073
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liaibilities - Recurring (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	$ 856	$ 734	$ 682
Derivative assets	367	373	407
Derivative liabilities	758	1,231	780
Other Assets Member
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	367	373	407
Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative liabilities	758	1,231	780
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	266	135	126
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	3	2
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | International Mutual Funds
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	11
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | U.S. Equity Fund
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	92	70	65
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | Fixed Income Funds
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable securities	97
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	64	62	59
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	590	599	556
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Other Assets Member
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	367	373	407
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	758	1,231	780
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	138	121	130
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	70	63	67
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	213	200	206
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	1	60	2
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	168	155	151
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 3 | Accounts Payable and Accrued Expenses
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Deferred consideration	$ 214	$ 236	$ 262

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Debt Securities (Details) $ in Millions	Apr. 30, 2023 USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 25
Amortized cost, due after one through five years	123
Amortized cost, due after five through 10 years	192
Amortized cost, due after 10 years	206
Amortized cost, mortgage-backed securities	193
Amortized cost, debt securities	739
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	25
Fair value, due after one through five years	116
Fair value, due after five through 10 years	171
Fair value, due after 10 years	174
Fair value, mortgage-backed securities	168
Fair value, debt securities	$ 654

FAIR VALUE MEASUREMENTS - Nonre

FAIR VALUE MEASUREMENTS - Nonrecurring Level 3 Measurements (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	May 01, 2022	May 01, 2022	Apr. 30, 2023	Oct. 30, 2022
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Inventories	$ 9,030	$ 9,030	$ 9,713	$ 8,495
Fair Value, Nonrecurring Measurements | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Inventories	19	19		19
Losses, Inventories	8	8
Property and equipment - net	15	15		$ 15
Losses, Property and equipment - net	$ 41	$ 41
Location of property and equipment - net impairment	Cost of Revenue	Cost of Revenue
Losses, Other intangible assets - net	$ 28	$ 28
Location of intangible asset impairment	Cost of sales	Cost of sales

DERIVATIVE INSTRUMENTS - Cash F

DERIVATIVE INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Cash Flow Hedges
Cash flow hedge gain (loss) recorded in OCI expected to be reclassified within twelve months	$ 30
Gains or losses reclassified from OCI to earnings	0
Interest Rate Contracts (Swaps) | Cash Flow Hedges Member | Designated as Hedging Instruments
Cash Flow Hedges
Notional amount of cash flow hedge derivatives	$ 2,250	$ 1,950	$ 2,450

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Interest Rate Contracts (Swaps) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Fair Value Hedges Member | Designated as Hedging Instruments
Fair Value Hedges
Notional amount of interest rate fair value hedge derivatives	$ 10,943	$ 10,112	$ 8,655
Short-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item			178
Cumulative Fair Value Hedging Amount			1
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	1,213	2,515	2,607
Cumulative Fair Value Hedging Amount - Discontinued	14	15	7
Long-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item	10,334	9,060	7,827
Cumulative Fair Value Hedging Amount	(562)	(1,006)	(613)
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	5,657	5,520	5,120
Cumulative Fair Value Hedging Amount - Discontinued	$ (132)	$ (19)	$ 106

DERIVATIVE INSTRUMENTS - Not De

DERIVATIVE INSTRUMENTS - Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Interest Rate Contracts (Swaps)
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 11,956	$ 10,568	$ 9,912
Foreign Exchange Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	9,163	8,185	7,640
Cross-Currency Interest Rate Contracts
Derivatives Not Designated as Hedging Instruments
Notional amounts	$ 163	$ 260	$ 264

DERIVATIVE INSTRUMENTS - Fair_2

DERIVATIVE INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Fair Value of Derivative Instruments
Total derivative assets	$ 367	$ 373	$ 407
Total derivative liabilities	758	1,231	780
Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	367	373	407
Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	758	1,231	780
Designated as Hedging Instruments | Interest Rate Contracts (Swaps) | Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	104	87	63
Designated as Hedging Instruments | Interest Rate Contracts (Swaps) | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	611	1,004	591
Not Designated as Hedging Instruments | Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	263	286	344
Not Designated as Hedging Instruments | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	147	227	189
Not Designated as Hedging Instruments | Interest Rate Contracts (Swaps) | Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	171	212	180
Not Designated as Hedging Instruments | Interest Rate Contracts (Swaps) | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	91	107	75
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	91	66	125
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	42	118	114
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets Member
Fair Value of Derivative Instruments
Total derivative assets	1	8	$ 39
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Value of Derivative Instruments
Total derivative liabilities	$ 14	$ 2

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statement of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 190	$ 38	$ 39	$ 195
Interest Rate Contracts (Swaps)
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(4)	35	(5)	50
Interest Rate Contracts (Swaps) | Net Sales Related to Derivative Instruments
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	1	31	(6)	44
Interest Rate Contracts (Swaps) | Interest Expense Member
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	(10)	(514)	229	(656)
Cash flow hedges, reclassified from OCI	19	(1)	34	(3)
Not designated as hedges, gains (losses)	5	61	(3)	59
Foreign Exchange Contracts | Net Sales Related to Derivative Instruments
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	(2)	(1)	(1)	(1)
Foreign Exchange Contracts | Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	59	(79)	64	(80)
Foreign Exchange Contracts | Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 127	$ 26	$ (15)	$ 173

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Derivative instruments
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 716	$ 1,113	$ 673
Cash collateral posted	308	701	254
Derivative Assets
Gross amounts recognized	367	373	407
Netting arrangements	(168)	(179)	(110)
Collateral received	(29)	(54)
Net amount	170	140	297
Derivative Liabilities
Gross amounts recognized	758	1,231	780
Netting arrangements	(168)	(179)	(110)
Collateral paid	(308)	(701)	(254)
Net amount	282	351	416
International Futures Market
Derivative instruments
Cash collateral posted	$ 8	$ 8	$ 8

STOCK OPTION AND RESTRICTED S_2

STOCK OPTION AND RESTRICTED STOCK UNITS AWARDS (Details) - $ / shares shares in Thousands	1 Months Ended	6 Months Ended
	Dec. 25, 2022	Apr. 30, 2023
Share-based Compensation, Aggregate Disclosures
Number of additional shares authorized for grant under the equity incentive plans		16,600
Stock Options
Share-based Compensation, Aggregate Disclosures
Options granted (in shares)	161
Options granted, exercise price (in dollars per share)	$ 438.44
Options granted, fair value (in dollars per share)	$ 136.46
Options outstanding (in shares)		1,900
Options outstanding, weighted-average exercise price (in dollars per share)		$ 181.91
Fair value assumptions method used	lattice model
Restricted Stock Units Subject to Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		117
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 433.30
Restricted Stock Units Subject to Performance/Service-based Conditions
Share-based Compensation, Aggregate Disclosures
Restricted stock units granted (in shares)		41
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 424.93

DISPOSITION (Details)

DISPOSITION (Details) - USD ($) $ in Millions		6 Months Ended
	Mar. 07, 2023	Apr. 30, 2023	Jan. 29, 2023	May 01, 2022
Disposition
Total proceeds, net of restricted cash sold		$ 36
Restricted cash		$ 120		$ 101
Balance sheet location of restricted cash		Other assets		Other assets
Sale of Financial Services Business in Russia | Financial Services (FS)
Disposition
Restricted cash			$ 100
Balance sheet location of restricted cash			Other assets
Sale of Financial Services Business in Russia | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Financial Services (FS)
Disposition
Total proceeds, net of restricted cash sold	$ 36
Total assets	31
Total liabilities	5
Cumulative translation loss	$ 10

SPECIAL ITEMS - Financial Servi

SPECIAL ITEMS - Financial Services Financing Incentives Correction (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Jan. 30, 2023	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Financial Services Financing Incentives
Selling, administrative and general expenses		$ 1,330	$ 932	$ 2,283	$ 1,713
Revision of Prior Period, Error Correction, Adjustment | Financial Services (FS)
Financial Services Financing Incentives
Selling, administrative and general expenses	$ 173
Financing incentives correction, after-tax	$ 135
Type of error correction	de:CorrectionOfTimingAndExpenseClassificationForPortionOfFinancialServicesIncentiveProgramsMember
Error Correction, Previously Immaterial [true false]	true

SPECIAL ITEMS - Gain on Previou

SPECIAL ITEMS - Gain on Previously Held Equity Investment (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	May 01, 2022	May 01, 2022
Special Items
Non-cash gain on remeasurement of previously held equity investment, pretax		$ 326
Gain | Excavator Factories
Special Items
Non-cash gain on remeasurement of previously held equity investment, pretax	$ 326
Non-cash gain on remeasurement of previously held equity investment, after-tax	$ 326

SPECIAL ITEMS - UAW Collective

SPECIAL ITEMS - UAW Collective Bargaining Agreement (Details) - UAW Collective Bargaining Arrangement - United States	3 Months Ended
	Jan. 30, 2022 USD ($)
Special Items
Immediate wage increase (as a percent)	10%
Ratification Bonus
Special Items
Ratification bonus payment per eligible employee	$ 8,500
UAW ratification bonus	$ 90,000,000

SPECIAL ITEMS - Operating Profi

SPECIAL ITEMS - Operating Profit Impact (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Special Items
SA&G expense	$ 1,330	$ 932	$ 2,283	$ 1,713
Gain on remeasurement of previously held equity investment				(326)
Period over period change	379		289
Production & Precision Ag (PPA)
Special Items
Period over period change	(46)		(99)
Small Ag & Turf (SAT)
Special Items
Period over period change	(1)		(10)
Construction & Forestry (CF)
Special Items
Period over period change	279		251
Financial Services (FS)
Special Items
Period over period change	147		147
Financing Incentive Programs
Special Items
SA&G expense	173		173
Financing Incentive Programs | Financial Services (FS)
Special Items
SA&G expense	$ 173		$ 173
Reserves, Impairments, Gain, and Ratification Bonus
Special Items
Total Russia/Ukraine events expense		120		120
Total 2022 expense (benefit)		(206)		(116)
Reserves, Impairments, Gain, and Ratification Bonus | Other Income
Special Items
Gain on remeasurement of previously held equity investment		(326)		(326)
Reserves, Impairments, Gain, and Ratification Bonus | Cost of Sales
Special Items
UAW ratification bonus				90
Reserves, Impairments, Gain, and Ratification Bonus | Production & Precision Ag (PPA)
Special Items
Total Russia/Ukraine events expense		46		46
Total 2022 expense (benefit)		46		99
Reserves, Impairments, Gain, and Ratification Bonus | Production & Precision Ag (PPA) | Cost of Sales
Special Items
UAW ratification bonus				53
Reserves, Impairments, Gain, and Ratification Bonus | Small Ag & Turf (SAT)
Special Items
Total Russia/Ukraine events expense		1		1
Total 2022 expense (benefit)		1		10
Reserves, Impairments, Gain, and Ratification Bonus | Small Ag & Turf (SAT) | Cost of Sales
Special Items
UAW ratification bonus				9
Reserves, Impairments, Gain, and Ratification Bonus | Construction & Forestry (CF)
Special Items
Total Russia/Ukraine events expense		47		47
Total 2022 expense (benefit)		(279)		(251)
Reserves, Impairments, Gain, and Ratification Bonus | Construction & Forestry (CF) | Other Income
Special Items
Gain on remeasurement of previously held equity investment		(326)		(326)
Reserves, Impairments, Gain, and Ratification Bonus | Construction & Forestry (CF) | Cost of Sales
Special Items
UAW ratification bonus				28
Reserves, Impairments, Gain, and Ratification Bonus | Financial Services (FS)
Special Items
Total Russia/Ukraine events expense		26		26
Total 2022 expense (benefit)		$ 26		$ 26

SUBSEQUENT EVENTS - Securitizat

SUBSEQUENT EVENTS - Securitization Borrowings (Details) - USD ($) $ in Millions	May 22, 2023	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Subsequent Events
Securitization borrowings		$ 5,379	$ 5,711	$ 4,006
Subsequent Event | Short-term Securitization Borrowings
Subsequent Events
Securitization borrowings	$ 589

SUBSEQUENT EVENTS - Quarterly D

SUBSEQUENT EVENTS - Quarterly Dividend (Details) - $ / shares		3 Months Ended		6 Months Ended
	May 31, 2023	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Subsequent Events
Quarterly dividend declared (in dollars per share)		$ 1.25	$ 1.05	$ 2.45	$ 2.10
Subsequent Event
Subsequent Events
Quarterly dividend declared (in dollars per share)	$ 1.25