Deere & Company (DE) 10-Q 29 Aug 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Jul. 28, 2024 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 28, 2024
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	273,599,818
Current Fiscal Year End Date	--10-27
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000315189
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	DE
Security Exchange Name	NYSE
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		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Net Sales and Revenues
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
Costs and Expenses
Research and development expenses	567	528	1,664	1,571
Selling, administrative and general expenses	1,278	1,110	3,608	3,392
Interest expense	840	623	2,478	1,671
Other operating expenses	264	310	930	971
Total	10,797	12,195	32,885	35,893
Income of Consolidated Group before Income Taxes	2,355	3,606	7,687	9,946
Provision for income taxes	625	636	1,845	2,164
Income of Consolidated Group	1,730	2,970	5,842	7,782
Equity in income of unconsolidated affiliates	1	2	4	5
Net Income	1,731	2,972	5,846	7,787
Less: Net loss attributable to noncontrolling interests	(3)	(6)	(9)	(10)
Net Income Attributable to Deere & Company	$ 1,734	$ 2,978	$ 5,855	$ 7,797
Per Share Data
Basic (in dollars per share)	$ 6.32	$ 10.24	$ 21.13	$ 26.48
Diluted (in dollars per share)	6.29	10.20	21.04	26.35
Dividends declared (in dollars per share)	1.47	1.25	4.41	3.70
Dividends paid (in dollars per share)	$ 1.47	$ 1.25	$ 4.29	$ 3.58
Average Shares Outstanding
Basic (in shares)	274.5	290.8	277.1	294.4
Diluted (in shares)	275.6	292.1	278.2	295.9
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 11,387	$ 14,284	$ 35,484	$ 41,765
Cost of Sales
Cost of sales	7,848	9,624	24,205	28,288
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	1,461	1,253	4,207	3,326
Other income
Net Sales and Revenues
Net sales and revenues	$ 304	$ 264	$ 881	$ 748

STATEMENTS OF CONSOLIDATED COMP

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME
Net Income	$ 1,731	$ 2,972	$ 5,846	$ 7,787
Other Comprehensive Income (Loss), Net of Income Taxes
Retirement benefits adjustment	(21)	(9)	(129)	(267)
Cumulative translation adjustment	(170)	144	(113)	925
Unrealized gain (loss) on derivatives	(29)	5	(36)	(26)
Unrealized gain (loss) on debt securities	23	(13)	24	13
Other Comprehensive Income (Loss), Net of Income Taxes	(197)	127	(254)	645
Comprehensive Income of Consolidated Group	1,534	3,099	5,592	8,432
Less: Comprehensive income (loss) attributable to noncontrolling interests	(3)	(5)	(8)	2
Comprehensive Income Attributable to Deere & Company	$ 1,537	$ 3,104	$ 5,600	$ 8,430

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
ASSETS
Cash and cash equivalents	$ 7,004	$ 7,458	$ 6,576
Marketable securities	1,140	946	841
Trade accounts and notes receivable - net	7,469	7,739	9,297
Other receivables	2,270	2,623	3,118
Equipment on operating leases - net	7,118	6,917	6,709
Inventories	7,696	8,160	9,350
Property and equipment - net	7,092	6,879	6,418
Goodwill	3,960	3,900	3,994
Other intangible assets - net	1,030	1,133	1,199
Retirement benefits	3,126	3,007	3,573
Deferred income taxes	1,898	1,814	1,360
Other assets	2,903	2,503	2,659
Assets held for sale	2,965
Total Assets	107,841	104,087	103,397
LIABILITIES
Short-term borrowings	15,294	17,939	17,143
Short-term securitization borrowings	7,869	6,995	6,608
Accounts payable and accrued expenses	14,397	16,130	15,340
Deferred income taxes	481	520	506
Long-term borrowings	42,692	38,477	38,112
Retirement benefits and other liabilities	2,156	2,140	2,536
Liabilities held for sale	1,803
Total liabilities	84,692	82,201	80,245
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	84	97	101
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at July 28, 2024 - 536,431,204)	5,441	5,303	5,272
Common stock in treasury	(34,570)	(31,335)	(28,760)
Retained earnings	55,559	50,931	48,947
Accumulated other comprehensive income (loss)	(3,368)	(3,114)	(2,411)
Total Deere & Company stockholders' equity	23,062	21,785	23,048
Noncontrolling interests	3	4	3
Total stockholders' equity	23,065	21,789	23,051
Total Liabilities and Stockholders' Equity	107,841	104,087	103,397
Unrestricted
ASSETS
Financing receivables - net	43,896	43,673	41,302
Securitized
ASSETS
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Other assets	$ 178	$ 152	$ 153
Total Assets	$ 8,452	$ 7,487	$ 7,154

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)	Jul. 28, 2024 $ / 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	9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Cash Flows from Operating Activities
Net income	$ 5,846	$ 7,787
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	222	(64)
Provision for depreciation and amortization	1,598	1,527
Impairments and other adjustments		173
Impairments and other adjustments	53
Share-based compensation expense	159	112
Credit for deferred income taxes	(125)	(429)
Changes in assets and liabilities:
Receivables related to sales	(2,446)	(5,059)
Inventories	234	(663)
Accounts payable and accrued expenses	(1,015)	47
Accrued income taxes payable/receivable	31	(595)
Retirement benefits	(246)	(116)
Other	(172)	176
Net cash provided by operating activities	4,139	2,896
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	19,143	17,592
Proceeds from maturities and sales of marketable securities	333	127
Proceeds from sales of equipment on operating leases	1,451	1,445
Cost of receivables acquired (excluding receivables related to sales)	(21,113)	(20,714)
Purchases of marketable securities	(572)	(213)
Purchases of property and equipment	(1,043)	(887)
Cost of equipment on operating leases acquired	(2,165)	(1,968)
Collateral on derivatives - net	390	240
Other	(95)	(185)
Net cash used for investing activities	(3,671)	(4,563)
Cash Flows from Financing Activities
Net proceeds (payments) in short-term borrowings (original maturities three months or less)	(992)	5,040
Proceeds from borrowings issued (original maturities greater than three months)	15,512	9,972
Payments of borrowings (original maturities greater than three months)	(10,792)	(5,862)
Repurchases of common stock	(3,227)	(4,663)
Dividends paid	(1,202)	(1,065)
Other	(88)	(43)
Net cash provided by (used for) financing activities	(789)	3,379
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	(6)	125
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(327)	1,837
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	7,620	4,941
Cash, Cash Equivalents, and Restricted Cash at End of Period	7,293	6,778
Components of Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	7,004	6,576
Cash, cash equivalents, and restricted cash (Assets held for sale)	108
Restricted cash (Other assets)	$ 181	$ 202
Balance sheet location of restricted cash	Other assets	Other assets
Total Cash, Cash Equivalents, and Restricted Cash	$ 7,293	$ 6,778

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. 30, 2022	$ 5,165	$ (24,094)	$ 42,247	$ (3,056)	$ 3	$ 20,265
Increase (Decrease) in Stockholders' Equity
Net income			7,797		2	7,799
Other comprehensive income (loss)				645		645
Repurchases of common stock		(4,696)				(4,696)
Treasury shares reissued		30				30
Dividends declared			(1,088)		(3)	(1,091)
Share based awards and other	107		(9)		1	99
Balance at Jul. 30, 2023	5,272	(28,760)	48,947	(2,411)	3	23,051
Redeemable Noncontrolling Interest - Balance at Oct. 30, 2022						92
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(12)
Other comprehensive income						12
Other						9
Redeemable Noncontrolling Interest - Balance at Jul. 30, 2023						101
Balance at Apr. 30, 2023	5,227	(26,630)	46,336	(2,538)	4	22,399
Increase (Decrease) in Stockholders' Equity
Net income			2,978			2,978
Other comprehensive income (loss)				127		127
Repurchases of common stock		(2,139)				(2,139)
Treasury shares reissued		9				9
Dividends declared			(362)		(2)	(364)
Share based awards and other	45		(5)		1	41
Balance at Jul. 30, 2023	5,272	(28,760)	48,947	(2,411)	3	23,051
Redeemable Noncontrolling Interest - Balance at Apr. 30, 2023						102
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(6)
Other comprehensive income						1
Other						4
Redeemable Noncontrolling Interest - Balance at Jul. 30, 2023						101
Balance at Oct. 29, 2023	5,303	(31,335)	50,931	(3,114)	4	21,789
Increase (Decrease) in Stockholders' Equity
Net income			5,855		1	5,856
Other comprehensive income (loss)				(254)		(254)
Repurchases of common stock		(3,257)				(3,257)
Treasury shares reissued		22				22
Dividends declared			(1,221)		(2)	(1,223)
Share based awards and other	138		(6)			132
Balance at Jul. 28, 2024	5,441	(34,570)	55,559	(3,368)	3	23,065
Redeemable Noncontrolling Interest - Balance at Oct. 29, 2023						97
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(10)
Other comprehensive income						1
Other						6
Noncontrolling interest redemption (Note 21)						(10)
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2024						84
Balance at Apr. 28, 2024	5,391	(33,764)	54,228	(3,171)	4	22,688
Increase (Decrease) in Stockholders' Equity
Net income			1,734			1,734
Other comprehensive income (loss)				(197)		(197)
Repurchases of common stock		(812)				(812)
Treasury shares reissued		6				6
Dividends declared			(403)		(1)	(404)
Share based awards and other	50					50
Balance at Jul. 28, 2024	$ 5,441	$ (34,570)	$ 55,559	$ (3,368)	$ 3	23,065
Redeemable Noncontrolling Interest - Balance at Apr. 28, 2024						98
Increase (Decrease) in Redeemable Noncontrolling Interest
Net loss						(3)
Other						(1)
Noncontrolling interest redemption (Note 21)						(10)
Redeemable Noncontrolling Interest - Balance at Jul. 28, 2024						$ 84

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION	9 Months Ended
	Jul. 28, 2024
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,” “we,” “us,” or “our” include our consolidated subsidiaries. We manage our business 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 “agriculture and turf” include both PPA and SAT. We use a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2024 and 2023 were July 28, 2024 and July 30, 2023, respectively. Both third quarters contained 13 weeks, while both year-to-date periods contained 39 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to our fiscal years generally ending in October and the associated periods in those fiscal years. All amounts are presented in millions of dollars, unless otherwise specified. ​

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jul. 28, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS	(2)    Summary of Significant Accounting Policies and New Accounting PROnouncements Quarterly Financial Statements The interim consolidated financial statements of Deere & Company have been prepared by us, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted as permitted by such rules and regulations. All normal recurring adjustments have been included. Management believes the disclosures are adequate to present fairly the financial position, results of operations, and cash flows at the dates and for the periods presented. It is suggested these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto appearing in our latest Annual Report on Form 10-K. Results for interim periods are not necessarily indicative of those to be expected for the fiscal year. Use of Estimates in Financial Statements Certain accounting policies require management to make estimates and assumptions in determining the amounts reflected in the financial statements and related disclosures. Actual results could differ from those estimates. New Accounting Pronouncements We closely monitor all Accounting Standard Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) and other authoritative guidance. Accounting Pronouncements Adopted We adopted the following standards in 2024, none of which had a material effect on our consolidated financial statements. ​ ​ 2022-04 — Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations ​ 2022-02 — Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ​ 2022-01 — Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method ​ 2021-08 — Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ​ ​ Accounting Pronouncements to be Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and cash income taxes paid both in the U.S. and foreign jurisdictions. The effective date of the ASU is fiscal year 2026. We are assessing the effect of this update on our related disclosures. We will also adopt the following standards in future periods, none of which are expected to have a material effect on our consolidated financial statements. ​ ​ 2023-07 — Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ​ 2023-06 — Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative ​ 2023-05 — Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement ​ 2022-03 — Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ​ ​

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Jul. 28, 2024
REVENUE RECOGNITION
REVENUE RECOGNITION	(3)    Revenue Recognition Our net sales and revenues by primary geographic market, major product line, and timing of revenue recognition follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended July 28, 2024 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 2,839 ​ $ 1,824 ​ $ 1,967 ​ $ 1,076 ​ $ 7,706 ​ Canada ​ ​ 489 ​ ​ 207 ​ ​ 183 ​ 191 ​ 1,070 ​ Western Europe ​ ​ 522 ​ ​ 542 ​ ​ 432 ​ 64 ​ 1,560 ​ Central Europe and CIS ​ ​ 201 ​ ​ 70 ​ ​ 106 ​ 12 ​ 389 ​ Latin America ​ ​ 841 ​ ​ 125 ​ ​ 305 ​ 94 ​ 1,365 ​ Asia, Africa, Oceania, and Middle East ​ ​ 350 ​ ​ 360 ​ ​ 300 ​ ​ 52 ​ ​ 1,062 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 5,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,038 ​ Small agriculture ​ ​ ​ ​ $ 2,168 ​ ​ ​ ​ ​ ​ 2,168 ​ Turf ​ ​ ​ ​ ​ 825 ​ ​ ​ ​ ​ ​ 825 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,308 ​ ​ ​ 1,308 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 643 ​ ​ ​ ​ ​ 643 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 961 ​ ​ ​ 961 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 269 ​ ​ ​ 269 ​ Financial products ​ ​ 65 ​ ​ 33 ​ ​ 8 ​ $ 1,489 ​ 1,595 ​ Other ​ ​ 139 ​ ​ 102 ​ ​ 104 ​ ​ ​ 345 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,143 ​ $ 3,084 ​ $ 3,269 ​ $ 35 ​ $ 11,531 ​ Over time ​ ​ 99 ​ ​ 44 ​ ​ 24 ​ ​ 1,454 ​ ​ 1,621 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 9,441 ​ $ 5,011 ​ $ 6,563 ​ $ 3,041 ​ $ 24,056 ​ Canada ​ ​ 1,475 ​ ​ 492 ​ ​ 635 ​ 538 ​ 3,140 ​ Western Europe ​ ​ 1,684 ​ ​ 1,747 ​ ​ 1,263 ​ 144 ​ 4,838 ​ Central Europe and CIS ​ ​ 655 ​ ​ 223 ​ ​ 291 ​ 28 ​ 1,197 ​ Latin America ​ ​ 2,510 ​ ​ 326 ​ ​ 895 ​ 346 ​ 4,077 ​ Asia, Africa, Oceania, and Middle East ​ ​ 1,199 ​ ​ 1,074 ​ ​ 829 ​ ​ 162 ​ ​ 3,264 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 16,336 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 16,336 ​ Small agriculture ​ ​ ​ ​ $ 5,984 ​ ​ ​ ​ ​ ​ 5,984 ​ Turf ​ ​ ​ ​ ​ 2,491 ​ ​ ​ ​ ​ ​ 2,491 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 4,528 ​ ​ ​ 4,528 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,964 ​ ​ ​ ​ ​ 1,964 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 2,804 ​ ​ ​ 2,804 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 832 ​ ​ ​ ​ 832 ​ Financial products ​ ​ 164 ​ ​ 91 ​ ​ 43 ​ $ 4,259 ​ 4,557 ​ Other ​ ​ 464 ​ ​ 307 ​ ​ 305 ​ ​ ​ 1,076 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 16,707 ​ $ 8,753 ​ $ 10,395 ​ $ 97 ​ $ 35,952 ​ Over time ​ ​ 257 ​ ​ 120 ​ ​ 81 ​ ​ 4,162 ​ ​ 4,620 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended July 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 3,394 ​ $ 2,098 ​ $ 2,346 ​ $ 860 ​ $ 8,698 ​ Canada ​ ​ 397 ​ ​ 179 ​ ​ 288 ​ 165 ​ 1,029 ​ Western Europe ​ ​ 833 ​ ​ 802 ​ ​ 421 ​ ​ 35 ​ 2,091 ​ Central Europe and CIS ​ ​ 302 ​ ​ 85 ​ ​ 98 ​ ​ 6 ​ 491 ​ Latin America ​ ​ 1,326 ​ ​ 220 ​ ​ 371 ​ ​ 117 ​ 2,034 ​ Asia, Africa, Oceania, and Middle East ​ ​ 720 ​ ​ 422 ​ ​ 271 ​ ​ 45 ​ ​ 1,458 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 6,721 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,721 ​ Small agriculture ​ ​ ​ ​ $ 2,688 ​ ​ ​ ​ ​ ​ 2,688 ​ Turf ​ ​ ​ ​ ​ 964 ​ ​ ​ ​ ​ ​ 964 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,745 ​ ​ ​ 1,745 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 614 ​ ​ ​ ​ ​ 614 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 987 ​ ​ ​ 987 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 334 ​ ​ ​ 334 ​ Financial products ​ ​ 89 ​ ​ 28 ​ ​ 15 ​ $ 1,228 ​ 1,360 ​ Other ​ ​ 162 ​ ​ 126 ​ ​ 100 ​ ​ ​ 388 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 6,857 ​ $ 3,769 ​ $ 3,767 ​ $ 30 ​ $ 14,423 ​ Over time ​ ​ 115 ​ ​ 37 ​ ​ 28 ​ ​ 1,198 ​ ​ 1,378 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 10,079 ​ $ 6,005 ​ $ 6,807 ​ $ 2,339 ​ $ 25,230 ​ Canada ​ ​ 1,303 ​ ​ 514 ​ ​ 865 ​ ​ 468 ​ 3,150 ​ Western Europe ​ ​ 2,092 ​ ​ 2,254 ​ ​ 1,278 ​ ​ 95 ​ 5,719 ​ Central Europe and CIS ​ ​ 897 ​ ​ 420 ​ ​ 263 ​ ​ 26 ​ 1,606 ​ Latin America ​ ​ 4,106 ​ ​ 577 ​ ​ 1,098 ​ ​ 318 ​ 6,099 ​ Asia, Africa, Oceania, and Middle East ​ ​ 1,709 ​ ​ 1,291 ​ ​ 906 ​ ​ 129 ​ ​ 4,035 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 19,565 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 19,565 ​ Small agriculture ​ ​ ​ ​ $ 7,835 ​ ​ ​ ​ ​ ​ ​ 7,835 ​ Turf ​ ​ ​ ​ ​ 2,782 ​ ​ ​ ​ ​ ​ ​ 2,782 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 5,040 ​ ​ ​ ​ 5,040 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,750 ​ ​ ​ ​ ​ 1,750 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 2,939 ​ ​ ​ ​ 2,939 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 1,119 ​ ​ ​ ​ 1,119 ​ Financial products ​ ​ 149 ​ ​ 66 ​ ​ 40 ​ $ 3,375 ​ 3,630 ​ Other ​ ​ 472 ​ ​ 378 ​ ​ 329 ​ ​ ​ ​ 1,179 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 19,965 ​ $ 10,970 ​ $ 11,142 ​ $ 80 ​ $ 42,157 ​ Over time ​ ​ 221 ​ ​ 91 ​ ​ 75 ​ ​ 3,295 ​ ​ 3,682 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​ ​ We invoice 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, telematic services, and other information enabled solutions. These advanced customer payments are presented as deferred revenue, a contract liability, in “Accounts payable and accrued expenses.” The deferred revenue received, but not recognized in revenue, was $1,895, $1,697, and $1,753 at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. The contract liability is reduced as the revenue is recognized. During the three months ended July 28, 2024 and July 30, 2023, $126 and $96, respectively, of revenue was recognized from deferred revenue that was recorded as a contract liability at the beginning of the respective fiscal year. During the nine months ended July 28, 2024 and July 30, 2023, $484 and $440, 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 $1,677 at July 28, 2024. The estimated revenue to be recognized by fiscal year follows: remainder of 2024 2025 2026 2027 2028 2029 later years

OTHER COMPREHENSIVE INCOME ITEM

OTHER COMPREHENSIVE INCOME ITEMS	9 Months Ended
	Jul. 28, 2024
OTHER COMPREHENSIVE INCOME ITEMS
OTHER COMPREHENSIVE INCOME ITEMS	(4)    Other Comprehensive Income Items The after-tax components of accumulated other comprehensive income (loss) follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ ​ 2024 ​ 2023 ​ 2023 ​ Retirement benefits adjustment ​ $ (974) ​ $ (845) ​ $ (656) ​ Cumulative translation adjustment ​ ​ (2,264) ​ ​ (2,151) ​ ​ (1,669) ​ Unrealized gain (loss) on derivatives ​ ​ (44) ​ ​ (8) ​ ​ (5) ​ Unrealized gain (loss) on debt securities ​ ​ (86) ​ ​ (110) ​ ​ (81) ​ Total accumulated other comprehensive income (loss) ​ $ (3,368) ​ $ (3,114) ​ $ (2,411) ​ ​ The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended July 28, 2024 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (170) ​ ​ $ (170) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (15) ​ $ 3 ​ ​ (12) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (22) ​ ​ 5 ​ ​ (17) ​ Net unrealized gain (loss) on derivatives ​ ​ (37) ​ ​ 8 ​ ​ (29) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 29 ​ ​ (6) ​ ​ 23 ​ Net unrealized gain (loss) on debt securities ​ ​ 29 ​ ​ (6) ​ ​ 23 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (19) ​ ​ 5 ​ ​ (14) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (18) ​ ​ 4 ​ ​ (14) ​ Prior service (credit) cost ​ ​ 8 ​ ​ (1) ​ ​ 7 ​ Settlements ​ ​ 1 ​ ​ (1) ​ ​ ​ ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (28) ​ ​ 7 ​ ​ (21) ​ Total other comprehensive income (loss) $ (206) ​ $ 9 ​ $ (197) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Nine Months Ended July 28, 2024 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (114) ​ $ 1 ​ $ (113) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (49) ​ ​ 10 ​ ​ (39) ​ Net unrealized gain (loss) on derivatives ​ ​ (46) ​ ​ 10 ​ ​ (36) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 17 ​ ​ 1 ​ ​ 18 ​ Reclassification of realized (gain) loss – Other income ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Net unrealized gain (loss) on debt securities ​ ​ 25 ​ ​ (1) ​ ​ 24 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (145) ​ ​ 35 ​ ​ (110) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (54) ​ ​ 14 ​ ​ (40) ​ Prior service (credit) cost ​ ​ 26 ​ ​ (6) ​ ​ 20 ​ Settlements ​ ​ 2 ​ ​ (1) ​ ​ 1 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (171) ​ ​ 42 ​ ​ (129) ​ Total other comprehensive income (loss) $ (306) ​ $ 52 ​ $ (254) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended July 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 143 ​ $ 1 $ 144 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 24 ​ ​ (5) ​ ​ 19 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (18) ​ ​ 4 ​ ​ (14) ​ Net unrealized gain (loss) on derivatives ​ ​ 6 ​ ​ (1) ​ ​ 5 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (16) ​ ​ 3 ​ ​ (13) ​ Net unrealized gain (loss) on debt securities ​ ​ (16) ​ ​ 3 ​ ​ (13) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (1) ​ ​ ​ ​ ​ (1) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (20) ​ ​ 5 ​ ​ (15) ​ Prior service (credit) cost ​ ​ 9 ​ ​ (2) ​ ​ 7 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (12) ​ ​ 3 ​ ​ (9) ​ Total other comprehensive income (loss) $ 121 ​ $ 6 ​ $ 127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Nine Months Ended July 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 914 ​ $ 11 ​ $ 925 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 19 ​ ​ (4) ​ ​ 15 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (52) ​ ​ 11 ​ ​ (41) ​ Net unrealized gain (loss) on derivatives ​ ​ (33) ​ ​ 7 ​ ​ (26) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 17 ​ ​ (4) ​ ​ 13 ​ Net unrealized gain (loss) on debt securities ​ ​ 17 ​ ​ (4) ​ ​ 13 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (351) ​ ​ 83 ​ ​ (268) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (61) ​ ​ 15 ​ ​ (46) ​ Prior service (credit) cost ​ ​ 28 ​ ​ (7) ​ ​ 21 ​ Settlements ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (348) ​ ​ 81 ​ ​ (267) ​ Total other comprehensive income (loss) $ 550 ​ $ 95 ​ $ 645 ​ ​

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jul. 28, 2024
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 ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Net income attributable to Deere & Company $ 1,734 $ 2,978 $ 5,855 $ 7,797 ​ Average shares outstanding ​ ​ 274.5 ​ 290.8 ​ ​ 277.1 ​ 294.4 ​ Basic per share ​ $ 6.32 ​ $ 10.24 ​ $ 21.13 ​ $ 26.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average shares outstanding ​ ​ 274.5 ​ 290.8 ​ ​ 277.1 ​ 294.4 ​ Effect of dilutive stock options and restricted stock awards ​ ​ 1.1 ​ 1.3 ​ ​ 1.1 ​ 1.5 ​ Total potential shares outstanding ​ ​ 275.6 ​ 292.1 ​ ​ 278.2 ​ 295.9 ​ Diluted per share ​ $ 6.29 ​ $ 10.20 ​ $ 21.04 ​ $ 26.35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares excluded from EPS calculation, as antidilutive ​ ​ .4 ​ ​ .2 ​ ​ .3 ​ ​ .1 ​ ​

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	9 Months Ended
	Jul. 28, 2024
PENSION AND OTHER POSTRETIREMENT BENEFITS
PENSION AND OTHER POSTRETIREMENT BENEFITS	(6)    Pension and Other Postretirement Benefits We have several funded and unfunded defined benefit pension plans and other postretirement benefit (OPEB) plans. These plans cover U.S. employees and certain foreign employees. The components of net periodic pension and OPEB (benefit) cost consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Pensions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 56 $ 62 $ 171 $ 186 ​ Interest cost ​ ​ 136 ​ 133 ​ ​ 410 ​ 400 ​ Expected return on plan assets ​ ​ (241) ​ (223) ​ ​ (723) ​ (655) ​ Amortization of actuarial gain ​ ​ (4) ​ (5) ​ ​ (13) ​ (16) ​ Amortization of prior service cost ​ ​ 9 ​ 10 ​ ​ 29 ​ 30 ​ Settlements ​ ​ 1 ​ ​ ​ ​ 2 ​ 36 ​ Net benefit ​ $ (43) ​ $ (23) ​ $ (124) ​ $ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPEB: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 4 $ 7 $ 13 $ 20 ​ Interest cost ​ ​ 44 ​ 44 ​ ​ 131 ​ 132 ​ Expected return on plan assets ​ ​ (27) ​ (29) ​ ​ (81) ​ (87) ​ Amortization of actuarial gain ​ ​ (14) ​ (15) ​ ​ (41) ​ (45) ​ Amortization of prior service credit ​ ​ (1) ​ (1) ​ ​ (3) ​ (2) ​ Net cost ​ $ 6 ​ $ 6 ​ $ 19 ​ $ 18 ​ ​ The components of net periodic pension and OPEB (benefit) cost excluding the service cost component are included in the line item “Other operating expenses.” During the first nine months of 2024, we contributed and expect to contribute the following amounts to our pension and OPEB plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pensions ​ OPEB ​ Contributed $ 74 $ 118 Expected contributions remainder of the year ​ ​ 26 ​ 22 ​ ​

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Jul. 28, 2024
SEGMENT DATA
SEGMENT DATA	(7)    Segment DATA Information relating to operations by operating segment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ July 28 ​ July 30 ​ % ​ July 28 ​ July 30 ​ % ​ ​ 2024 ​ 2023 ​ Change ​ 2024 ​ 2023 ​ Change Net sales and revenues: ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 5,099 ​ $ 6,806 ​ -25 $ 16,529 ​ $ 19,826 ​ -17 ​ Small ag & turf net sales ​ ​ 3,053 ​ ​ 3,739 ​ -18 ​ ​ 8,663 ​ ​ 10,886 ​ -20 ​ Construction & forestry net sales ​ ​ 3,235 ​ 3,739 ​ -13 ​ ​ 10,292 ​ 11,053 ​ -7 ​ Financial services revenues ​ ​ 1,489 ​ 1,228 ​ +21 ​ ​ 4,259 ​ 3,375 ​ +26 ​ Other revenues ​ ​ 276 ​ 289 ​ -4 ​ ​ 829 ​ 699 ​ +19 ​ Total net sales and revenues $ 13,152 ​ $ 15,801 ​ -17 $ 40,572 ​ $ 45,839 ​ -11 ​ Operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 1,162 ​ $ 1,782 ​ -35 $ 3,857 ​ $ 5,160 ​ -25 ​ Small ag & turf ​ ​ 496 ​ ​ 732 ​ -32 ​ ​ 1,393 ​ ​ 2,028 ​ -31 ​ Construction & forestry ​ ​ 448 ​ 716 ​ -37 ​ ​ 1,682 ​ 2,179 ​ -23 ​ Financial services ​ ​ 191 ​ 286 ​ -33 ​ ​ 657 ​ 565 ​ +16 ​ Total operating profit ​ ​ 2,297 ​ 3,516 ​ -35 ​ ​ 7,589 ​ 9,932 ​ -24 ​ Reconciling items ​ ​ 62 ​ 98 ​ -37 ​ ​ 111 ​ 29 ​ +283 ​ Income taxes ​ ​ (625) ​ (636) ​ -2 ​ ​ (1,845) ​ (2,164) ​ -15 ​ Net income attributable to Deere & Company $ 1,734 ​ $ 2,978 ​ -42 $ 5,855 ​ $ 7,797 ​ -25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intersegment sales and revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 4 ​ $ 9 ​ -56 $ 18 ​ $ 21 ​ -14 ​ Small ag & turf net sales ​ ​ ​ ​ ​ 2 ​ -100 ​ ​ 2 ​ ​ 10 ​ -80 ​ Construction & forestry net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial services revenues ​ ​ 178 ​ 217 ​ -18 ​ ​ 548 ​ 612 ​ -10 ​ ​ Operating profit for PPA, SAT, and CF is income from continuing operations before corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, and income taxes. Operating profit of financial services includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain interest income and expenses, certain foreign exchange gains and losses, pension and OPEB benefit (cost) amounts excluding the service cost component, and net income attributable to noncontrolling interests. Identifiable operating assets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2023 Production & precision ag $ 8,750 ​ $ 8,734 ​ $ 9,523 ​ Small ag & turf ​ ​ 4,079 ​ ​ 4,348 ​ ​ 4,482 ​ Construction & forestry ​ ​ 7,129 ​ 7,139 ​ 7,415 ​ Financial services ​ ​ 74,981 ​ 70,732 ​ 68,850 ​ Corporate ​ ​ 12,902 ​ 13,134 ​ 13,127 ​ Total assets $ 107,841 ​ $ 104,087 ​ $ 103,397 ​ ​

FINANCING RECEIVABLES

FINANCING RECEIVABLES	9 Months Ended
	Jul. 28, 2024
FINANCING RECEIVABLES
FINANCING RECEIVABLES	(8)    Financing Receivables We monitor the credit quality of financing receivables based on delinquency status, defined as follows: ● Past due balances represent any payments 30 days or more past the due date. ● Non-performing financing receivables represent receivables for which we have stopped accruing finance income. This generally occurs when receivables are 90 days delinquent. ● Write-offs generally occur when receivables are 120 days delinquent. In these situations, the estimated uncollectible amount is written off to the allowance for credit losses. Any expected recovery is presented as non-performing. The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 10,349 ​ $ 9,686 ​ $ 5,849 ​ $ 3,286 ​ $ 1,276 ​ $ 394 ​ $ 4,409 ​ $ 35,249 ​ 30-59 days past due ​ ​ 37 ​ ​ 90 ​ ​ 56 ​ ​ 28 ​ ​ 10 ​ ​ 4 ​ ​ 31 ​ ​ 256 ​ 60-89 days past due ​ ​ 15 ​ ​ 65 ​ ​ 25 ​ ​ 12 ​ ​ 5 ​ ​ 2 ​ ​ 10 ​ ​ 134 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 12 ​ ​ 101 ​ ​ 85 ​ ​ 59 ​ ​ 24 ​ ​ 17 ​ ​ 15 ​ ​ 313 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,261 ​ ​ 2,067 ​ ​ 1,249 ​ ​ 583 ​ ​ 147 ​ ​ 60 ​ ​ 111 ​ ​ 6,478 ​ 30-59 days past due ​ ​ 40 ​ ​ 59 ​ ​ 34 ​ ​ 14 ​ ​ 4 ​ ​ 1 ​ ​ 4 ​ ​ 156 ​ 60-89 days past due ​ ​ 12 ​ ​ 25 ​ ​ 14 ​ ​ 9 ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 64 ​ 90+ days past due ​ ​ 1 ​ ​ 5 ​ ​ 2 ​ ​ 2 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 11 ​ Non-performing ​ ​ 21 ​ ​ 94 ​ ​ 72 ​ ​ 38 ​ ​ 13 ​ ​ 6 ​ ​ 2 ​ ​ 246 ​ Total retail customer receivables ​ $ 12,748 ​ $ 12,193 ​ $ 7,387 ​ $ 4,033 ​ $ 1,486 ​ $ 486 ​ $ 4,583 ​ $ 42,916 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 15,191 ​ $ 8,430 ​ $ 5,120 ​ $ 2,334 ​ $ 853 ​ $ 280 ​ $ 4,526 ​ $ 36,734 ​ 30-59 days past due ​ ​ 62 ​ ​ 75 ​ ​ 39 ​ ​ 21 ​ ​ 9 ​ ​ 3 ​ ​ 29 ​ ​ 238 ​ 60-89 days past due ​ ​ 18 ​ ​ 26 ​ ​ 18 ​ ​ 10 ​ ​ 4 ​ ​ 2 ​ ​ 9 ​ ​ 87 ​ 90+ days past due ​ ​ 2 ​ ​ 1 ​ ​ 3 ​ ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 30 ​ ​ 78 ​ ​ 62 ​ ​ 33 ​ ​ 22 ​ ​ 22 ​ ​ 8 ​ ​ 255 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,927 ​ ​ 1,961 ​ ​ 1,084 ​ ​ 353 ​ ​ 84 ​ ​ 29 ​ ​ 119 ​ ​ 6,557 ​ 30-59 days past due ​ ​ 49 ​ ​ 34 ​ ​ 27 ​ ​ 9 ​ ​ 4 ​ ​ ​ ​ ​ 4 ​ ​ 127 ​ 60-89 days past due ​ ​ 19 ​ ​ 14 ​ ​ 12 ​ ​ 5 ​ ​ 2 ​ ​ ​ ​ ​ 2 ​ ​ 54 ​ 90+ days past due ​ ​ ​ ​ ​ 6 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 8 ​ Non-performing ​ ​ 42 ​ ​ 80 ​ ​ 55 ​ ​ 23 ​ ​ 9 ​ ​ 4 ​ ​ 1 ​ ​ 214 ​ Total retail customer receivables ​ $ 18,340 ​ $ 10,705 ​ $ 6,421 ​ $ 2,791 ​ $ 987 ​ $ 341 ​ $ 4,698 ​ $ 44,283 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 10,554 ​ $ 9,701 ​ $ 5,792 ​ $ 2,779 ​ $ 1,080 ​ $ 402 ​ $ 4,388 ​ $ 34,696 ​ 30-59 days past due ​ ​ 59 ​ ​ 85 ​ ​ 53 ​ ​ 26 ​ ​ 13 ​ ​ 4 ​ ​ 21 ​ ​ 261 ​ 60-89 days past due ​ ​ 19 ​ ​ 30 ​ ​ 17 ​ ​ 10 ​ ​ 5 ​ ​ 1 ​ ​ 7 ​ ​ 89 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 19 ​ ​ 80 ​ ​ 71 ​ ​ 36 ​ ​ 24 ​ ​ 27 ​ ​ 8 ​ ​ 265 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,167 ​ ​ 2,200 ​ ​ 1,284 ​ ​ 449 ​ ​ 124 ​ ​ 39 ​ ​ 114 ​ ​ 6,377 ​ 30-59 days past due ​ ​ 39 ​ ​ 46 ​ ​ 38 ​ ​ 13 ​ ​ 5 ​ ​ 2 ​ ​ 4 ​ ​ 147 ​ 60-89 days past due ​ ​ 12 ​ ​ 23 ​ ​ 16 ​ ​ 8 ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 63 ​ 90+ days past due ​ ​ ​ ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4 ​ Non-performing ​ ​ 20 ​ ​ 83 ​ ​ 61 ​ ​ 26 ​ ​ 11 ​ ​ 5 ​ ​ 1 ​ ​ 207 ​ Total retail customer receivables ​ $ 12,889 ​ $ 12,251 ​ $ 7,333 ​ $ 3,348 ​ $ 1,264 ​ $ 481 ​ $ 4,544 ​ $ 42,110 ​ ​ The credit quality analysis of wholesale receivables by year of origination was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 557 ​ $ 232 ​ $ 36 ​ $ 7 ​ $ 1 ​ $ 1 ​ $ 7,326 ​ $ 8,160 ​ 30+ days past due ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 13 ​ ​ 12 ​ ​ 4 ​ ​ 19 ​ ​ ​ ​ ​ ​ ​ ​ 1,260 ​ ​ 1,308 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ ​ 3 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 571 ​ $ 244 ​ $ 40 ​ $ 26 ​ $ 1 ​ $ 2 ​ $ 8,589 ​ $ 9,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 631 ​ $ 93 ​ $ 21 ​ $ 4 ​ $ 1 ​ $ 160 ​ $ 5,175 ​ $ 6,085 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 23 ​ ​ 5 ​ ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ 76 ​ ​ 712 ​ ​ 836 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 654 ​ $ 98 ​ $ 41 ​ $ 4 ​ ​ 2 ​ $ 236 ​ $ 5,887 ​ $ 6,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 449 ​ $ 139 ​ $ 28 ​ $ 7 ​ $ 1 ​ $ 1 ​ $ 4,940 ​ $ 5,565 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 20 ​ ​ 6 ​ ​ 23 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 752 ​ ​ 803 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 469 ​ $ 145 ​ $ 51 ​ $ 8 ​ $ 2 ​ $ 2 ​ $ 5,692 ​ $ 6,369 ​ ​ ​ An analysis of the allowance for credit losses and investment in financing receivables follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended July 28, 2024 ​ ​ ​ ​ Allowance: Beginning of period balance $ 207 $ 21 ​ $ 2 ​ $ 230 ​ Provision ​ ​ 84 ​ ​ 25 ​ ​ ​ ​ ​ 109 ​ Provision reversal for assets held for sale ​ ​ (38) ​ ​ ​ ​ ​ ​ ​ ​ (38) ​ Provision subtotal ​ ​ 46 ​ ​ 25 ​ ​ ​ ​ ​ 71 ​ Write-offs ​ ​ (45) ​ ​ (46) ​ ​ ​ ​ ​ (91) ​ Recoveries ​ ​ 4 ​ ​ 8 ​ ​ ​ ​ ​ 12 ​ Translation adjustments ​ ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ End of period balance $ 209 $ 8 ​ $ 2 ​ $ 219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ Allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning of period balance $ 172 $ 21 ​ $ 4 ​ $ 197 ​ Provision ​ ​ 183 ​ ​ 46 ​ ​ ​ ​ ​ 229 ​ Provision reversal for assets held for sale ​ ​ (38) ​ ​ ​ ​ ​ ​ ​ ​ (38) ​ Provision subtotal ​ ​ 145 ​ ​ 46 ​ ​ ​ ​ ​ 191 ​ Write-offs ​ ​ (112) ​ ​ (81) ​ ​ ​ ​ ​ (193) ​ Recoveries ​ ​ 9 ​ ​ 22 ​ ​ ​ ​ ​ 31 ​ Translation adjustments ​ ​ (5) ​ ​ ​ ​ ​ (2) ​ ​ (7) ​ End of period balance $ 209 $ 8 ​ $ 2 ​ $ 219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance $ 38,333 $ 4,583 ​ $ 9,473 ​ $ 52,389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended July 30, 2023 ​ ​ ​ ​ Allowance: ​ Beginning of period balance ​ $ 157 $ 19 ​ $ 4 ​ $ 180 ​ Provision ​ 14 ​ ​ 11 ​ ​ ​ ​ 25 ​ Write-offs ​ (23) ​ ​ (18) ​ ​ ​ ​ (41) ​ Recoveries ​ 5 ​ ​ 6 ​ ​ ​ ​ 11 ​ Translation adjustments ​ 1 ​ ​ ​ ​ ​ ​ ​ 1 ​ End of period balance ​ $ 154 ​ $ 18 ​ $ 4 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 30, 2023 ​ ​ ​ Allowance: ​ ​ ​ Beginning of period balance ​ $ 299 $ 22 ​ $ 4 ​ $ 325 ​ Provision ​ 59 ​ ​ 15 ​ ​ 1 ​ ​ 75 ​ Provision reversal for assets held for sale ​ ​ (142) ​ ​ ​ ​ ​ ​ ​ ​ (142) ​ Provision (credit) subtotal ​ ​ (83) ​ ​ 15 ​ ​ 1 ​ ​ (67) ​ Write-offs ​ (60) ​ ​ (36) ​ ​ ​ ​ ​ (96) ​ Recoveries ​ 15 ​ ​ 17 ​ ​ ​ ​ ​ 32 ​ Translation adjustments ​ ​ (17) ​ ​ ​ ​ ​ (1) ​ (18) ​ End of period balance ​ $ 154 ​ $ 18 ​ $ 4 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance ​ $ 37,566 $ 4,544 ​ $ 6,369 ​ $ 48,479 ​ ​ In the third quarter of 2024, we determined that the financial services business in Brazil met the held for sale criteria. The receivables in Brazil were reclassified to “Assets held for sale.” The associated allowance for credit losses was reversed and a valuation allowance for the assets held for sale was recorded (see Note 21). Excluding the business in Brazil, the allowance for credit losses on retail notes and financing lease receivables increased in the third quarter and first nine months of 2024, primarily due to higher expected losses as a result of elevated delinquencies and a decline in market conditions. This increase was partially offset by a decrease in the allowance on revolving charge accounts, driven by write-offs of seasonal financing program accounts and recoveries expected on those accounts in the future. In the first quarter of 2023, the financial services business in Russia met the held for sale criteria. The allowance for credit losses for the financing receivables in Russia was reversed and a valuation allowance for the assets held for sale was recorded. These operations were sold in the second quarter of 2023 (see Note 20). Write-offs by year of origination were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ $ 2 ​ $ 17 ​ $ 17 ​ $ 6 ​ $ 7 ​ $ 3 ​ $ 75 ​ $ 127 ​ Construction and forestry ​ ​ 2 ​ ​ 23 ​ ​ 21 ​ ​ 8 ​ ​ 4 ​ ​ 2 ​ ​ 6 ​ ​ 66 ​ Total retail customer receivables ​ $ 4 ​ $ 40 ​ $ 38 ​ $ 14 ​ $ 11 ​ $ 5 ​ $ 81 ​ $ 193 ​ ​ Modifications We occasionally grant contractual modifications to customers experiencing financial difficulties. Before offering a modification, we evaluate the ability of the customer to meet the modified payment terms. Modifications offered include payment deferrals, term extensions, or a combination thereof. Finance charges continue to accrue during the deferral or extension period with the exception of modifications related to bankruptcy proceedings. Our allowance for credit losses incorporates historical loss information, including the effects of loan modifications with customers. Therefore, additional adjustments to the allowance are generally not recorded upon modification of a loan. The ending amortized cost of modified loans with borrowers experiencing financial difficulty during the third quarter and the nine months ended July 28, 2024 were $23 and $67, respectively, of which $56 were current, $4 were 30-59 days past due, $3 were 60-89 days past due, $1 were 90 days or greater past due, and $3 were non-performing. These modifications represented 0.04 and 0.13 percent of our financing receivable portfolio for the same periods, respectively. Defaults and subsequent write-offs of loans modified in the prior twelve months were not significant during the third quarter or the first nine months of 2024. In addition, at July 28, 2024, commitments to provide additional financing to these customers were not significant.

SECURITIZATION OF FINANCING REC

SECURITIZATION OF FINANCING RECEIVABLES	9 Months Ended
	Jul. 28, 2024
SECURITIZATION OF FINANCING RECEIVABLES
SECURITIZATION OF FINANCING RECEIVABLES	(9)    Securitization of Financing Receivables Our funding strategy includes receivable securitizations, which allows us to receive cash for financing receivables immediately. While these securitization programs are administered in various forms, they are accomplished in the following basic steps: 1. We transfer financing receivables into a bankruptcy-remote special purpose entity (SPE). 2. The SPE issues debt to investors. The debt is secured by the financing receivables. 3. Investors are paid back based on cash receipts from the financing receivables. As part of step 1, these receivables are legally isolated from the claims of our general creditors. This ensures cash receipts from the financing receivables are accessible to pay back securitization program investors. The structure of these transactions does not meet the accounting criteria for a sale of receivables. As a result, they are accounted for as a secured borrowing. The receivables and borrowings remain on our balance sheet and are separately reported as “Financing receivables securitized – net” and “Short-term securitization borrowings,” respectively. The components of securitization programs were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Financing receivables securitized (retail notes) $ 8,313 ​ $ 7,357 ​ $ 7,019 ​ Allowance for credit losses ​ ​ (39) ​ (22) ​ (18) ​ Other assets (primarily restricted cash) ​ ​ 178 ​ 152 ​ 153 ​ Total restricted securitized assets $ 8,452 ​ $ 7,487 ​ $ 7,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term securitization borrowings ​ $ 7,869 ​ $ 6,995 ​ $ 6,608 ​ Accrued interest on borrowings ​ ​ 14 ​ ​ 13 ​ 15 ​ Total liabilities related to restricted securitized assets ​ $ 7,883 ​ $ 7,008 ​ $ 6,623 ​ ​

INVENTORIES

INVENTORIES	9 Months Ended
	Jul. 28, 2024
INVENTORIES
INVENTORIES	(10)    Inventories A majority of inventories owned by us are valued at cost on the “last-in, first-out” (LIFO) basis. If all inventories had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Raw materials and supplies $ 3,586 ​ $ 4,080 ​ $ 4,492 ​ Work-in-process ​ ​ 988 ​ 1,010 ​ 1,307 ​ Finished goods and parts ​ ​ 5,689 ​ 5,435 ​ 6,164 ​ Total FIFO value ​ ​ 10,263 ​ 10,525 ​ 11,963 ​ Excess of FIFO over LIFO ​ ​ 2,567 ​ 2,365 ​ 2,613 ​ Inventories $ 7,696 ​ $ 8,160 ​ $ 9,350 ​ ​

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS - NET	9 Months Ended
	Jul. 28, 2024
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. There were no accumulated goodwill impairment losses. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & Small Ag Construction ​ ​ Precision Ag ​ & Turf ​ & Forestry ​ Total Goodwill at October 30, 2022 $ 646 ​ $ 318 ​ $ 2,723 ​ $ 3,687 ​ Acquisitions ​ 41 ​ ​ 39 ​ ​ ​ ​ ​ 80 ​ Translation adjustments ​ 23 ​ ​ 8 ​ ​ 196 ​ ​ 227 ​ Goodwill at July 30, 2023 ​ $ 710 ​ $ 365 ​ $ 2,919 ​ $ 3,994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill at October 29, 2023 ​ $ 702 ​ $ 363 ​ $ 2,835 ​ $ 3,900 ​ Translation adjustments ​ ​ (1) ​ ​ 2 ​ ​ 59 ​ ​ 60 ​ Goodwill at July 28, 2024 ​ $ 701 ​ $ 365 ​ $ 2,894 ​ $ 3,960 ​ ​ The components of other intangible assets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Customer lists and relationships ​ $ 507 ​ $ 501 ​ $ 524 ​ Technology, patents, trademarks, and other ​ ​ 1,413 ​ 1,387 ​ 1,415 ​ Total at cost ​ ​ 1,920 ​ 1,888 ​ 1,939 ​ Less accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ ​ 222 ​ ​ 195 ​ ​ 201 ​ Technology, patents, trademarks, and other ​ ​ 668 ​ ​ 560 ​ ​ 539 ​ Total accumulated amortization ​ ​ 890 ​ ​ 755 ​ ​ 740 ​ Other intangible assets – net ​ $ 1,030 ​ $ 1,133 ​ $ 1,199 ​ ​ The amortization of other intangible assets in the third quarter and the first nine months of 2024 was $41 and $124, and for the third quarter and the first nine months of 2023 was $42 and $126, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $49, 2025 – $145, 2026 – $121, 2027 – $119, 2028 – $87, and 2029 – $74.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	9 Months Ended
	Jul. 28, 2024
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	(12)    Short-Term Borrowings Short-term borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ 2024 2023 2023 ​ Commercial paper ​ $ 5,572 ​ $ 9,100 ​ $ 9,003 ​ Notes payable to banks ​ ​ 418 ​ ​ 483 ​ ​ 352 ​ Finance lease obligations due within one year ​ ​ 31 ​ ​ 25 ​ ​ 23 ​ Long-term borrowings due within one year ​ 9,273 ​ 8,331 ​ 7,765 ​ Short-term borrowings ​ $ 15,294 ​ $ 17,939 ​ $ 17,143 ​ ​

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Jul. 28, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	(13)    Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 ​ Accounts payable: ​ Trade payables ​ $ 2,580 $ 3,467 $ 3,308 ​ Dividends payable ​ 407 ​ 388 ​ 365 ​ Operating lease liabilities ​ ​ 258 ​ ​ 281 ​ ​ 308 ​ Deposits withheld from dealers and merchants ​ ​ 151 ​ ​ 163 ​ ​ 158 ​ Payables to unconsolidated affiliates ​ ​ 4 ​ ​ 6 ​ ​ 4 ​ Other ​ 173 ​ 153 ​ 173 ​ Accrued expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee benefits ​ 1,802 ​ 2,152 ​ 1,808 ​ Product warranties ​ 1,513 ​ 1,610 ​ 1,619 ​ Accrued taxes ​ ​ 1,497 ​ ​ 1,558 ​ ​ 1,595 ​ Derivative liabilities ​ ​ 582 ​ ​ 1,130 ​ ​ 948 ​ Dealer sales discounts ​ 846 ​ 1,243 ​ 902 ​ Extended warranty premium ​ ​ 1,129 ​ ​ 1,021 ​ ​ 999 ​ Unearned revenue (contractual liability) ​ 766 ​ 676 ​ 754 ​ Unearned operating lease revenue ​ ​ 480 ​ ​ 451 ​ ​ 428 ​ Accrued interest ​ ​ 478 ​ ​ 434 ​ ​ 402 ​ Parts return liability ​ ​ 404 ​ ​ 392 ​ ​ 378 ​ Other ​ 1,327 ​ 1,005 ​ 1,191 ​ Accounts payable and accrued expenses $ 14,397 $ 16,130 ​ $ 15,340 ​ Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,535 at July 28, 2024, $2,228 at October 29, 2023, and $2,240 at July 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS

LONG-TERM BORROWINGS	9 Months Ended
	Jul. 28, 2024
LONG-TERM BORROWINGS
LONG-TERM BORROWINGS	(14)    Long-Term Borrowings Long-term borrowings consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ 2024 2023 2023 ​ Underwritten term debt ​ ​ ​ ​ ​ ​ ​ U.S. dollar notes and debentures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2.75% notes due 2025 ​ ​ ​ ​ $ 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.85% notes due 2028 (€600 principal) ​ ​ 651 ​ ​ 634 ​ ​ 659 ​ 2.20% notes due 2032 (€600 principal) ​ ​ 651 ​ ​ 634 ​ ​ 659 ​ 1.65% notes due 2039 (€650 principal) ​ ​ 705 ​ ​ 687 ​ ​ 713 ​ Serial issuances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medium-term notes ​ 36,057 ​ ​ 29,638 ​ ​ 29,355 ​ Other notes and finance lease obligations ​ 232 ​ 1,769 ​ 1,605 ​ Less debt issuance costs and debt discounts ​ ​ (154) ​ ​ (135) ​ ​ (129) ​ Long-term borrowings $ 42,692 ​ $ 38,477 ​ $ 38,112 ​ Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. The principal balances of the medium-term notes were $36,716, $30,902, and $30,348, at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

LEASES - LESSOR

LEASES - LESSOR	9 Months Ended
	Jul. 28, 2024
LEASES - LESSOR
LEASES - LESSOR	(15)    Leases – Lessor We lease equipment manufactured or sold by us through John Deere Financial. Sales-type and direct financing leases are reported in “Financing receivables – net.” Operating leases are reported in “Equipment on operating leases – net.” Lease revenues earned by us follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ Sales-type and direct finance lease revenues ​ $ 50 ​ $ 41 ​ $ 141 ​ $ 120 ​ Operating lease revenues ​ ​ 358 ​ ​ 332 ​ ​ 1,039 ​ ​ 974 ​ Variable lease revenues ​ ​ 4 ​ ​ ​ ​ ​ 13 ​ ​ 11 ​ Total lease revenues ​ $ 412 ​ $ 373 ​ $ 1,193 ​ $ 1,105 ​ ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 28, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	(16)    Commitments and Contingencies A standard warranty is provided as assurance that the equipment will function as intended. The standard warranty period varies by product and region. At the time a sale is recognized, we record an estimate of future warranty costs based on historical claims rate experience and estimated population under warranty. The reconciliation of the changes in the warranty liability follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Beginning of period balance $ 1,566 $ 1,562 $ 1,610 $ 1,427 ​ Warranty claims paid ​ ​ (325) ​ (314) ​ ​ (959) ​ (851) ​ New product warranty accruals ​ ​ 280 ​ 363 ​ ​ 871 ​ 1,006 ​ Foreign exchange ​ ​ (8) ​ 8 ​ ​ (9) ​ 37 ​ End of period balance ​ $ 1,513 ​ $ 1,619 ​ $ 1,513 ​ $ 1,619 ​ ​ The costs for extended warranty programs are recognized as incurred. In certain international markets, we provide guarantees to banks for the retail financing of John Deere equipment. At July 28, 2024, the notional value of these guarantees was $151. We may repossess the equipment collateralizing the receivables. At July 28, 2024, the accrued losses under these agreements were not material. We also had other miscellaneous contingent liabilities and guarantees totaling approximately $130 at July 28, 2024. The accrued liability for these contingencies was $20 at July 28, 2024. At July 28, 2024, we had commitments of approximately $585 for the construction and acquisition of property and equipment. Also, at July 28, 2024, we had restricted assets of $234, classified as “Other assets.” We are subject to various unresolved legal actions. The accrued losses on these matters were not material at July 28, 2024. We believe the reasonably possible range of losses for these unresolved legal actions would not have a material effect on our financial statements. The most prevalent legal claims relate to product liability (including asbestos-related liability), retail credit, employment, patent, trademark, and antitrust matters.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jul. 28, 2024
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. Long-term borrowings exclude finance lease liabilities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ October 29, 2023 ​ July 30, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Carrying ​ Fair Financing receivables – net ​ $ 43,896 ​ $ 43,713 ​ $ 43,673 ​ $ 42,777 ​ $ 41,302 ​ $ 40,675 ​ Financing receivables securitized – net ​ ​ 8,274 ​ ​ 8,139 ​ ​ 7,335 ​ ​ 7,056 ​ ​ 7,001 ​ ​ 6,818 ​ Short-term securitization borrowings ​ ​ 7,869 ​ ​ 7,872 ​ ​ 6,995 ​ ​ 6,921 ​ ​ 6,608 ​ ​ 6,538 ​ Long-term borrowings due within one year ​ ​ 9,273 ​ ​ 9,190 ​ ​ 8,331 ​ ​ 8,156 ​ ​ 7,765 ​ ​ 7,568 ​ Long-term borrowings ​ ​ 42,617 ​ ​ 42,076 ​ ​ 38,428 ​ ​ 36,873 ​ ​ 38,064 ​ ​ 37,121 ​ 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 us for similar financing receivables. The fair values of the remaining financing receivables approximated the carrying amounts. In May 2024, we acquired a held-to-maturity marketable security that matures in less than one year. The carrying value of the held-to-maturity marketable security was $12 as of July 28, 2024, which approximated its fair value 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. Assets and liabilities measured at fair value on a recurring basis follow, excluding our cash equivalents, which were carried at a cost that approximates fair value and consisted of money market funds and time deposits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Level 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ International equity securities ​ ​ ​ ​ $ 3 ​ $ 3 ​ International mutual funds securities ​ ​ ​ ​ ​ 101 ​ ​ ​ ​ U.S. equity fund ​ ​ ​ ​ ​ 86 ​ ​ 101 ​ U.S. fixed income fund ​ ​ ​ ​ 32 ​ 85 ​ U.S. government debt securities ​ $ 413 ​ 78 ​ 63 ​ Total Level 1 marketable securities ​ ​ 413 ​ ​ 300 ​ ​ 252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ ​ 220 ​ 244 ​ 221 ​ International debt securities ​ ​ 145 ​ ​ 1 ​ ​ 2 ​ Mortgage-backed securities ​ ​ 154 ​ 185 ​ 163 ​ Municipal debt securities ​ ​ 69 ​ 75 ​ 69 ​ U.S. government debt securities ​ ​ 127 ​ ​ 141 ​ ​ 134 ​ Total Level 2 marketable securities ​ ​ 715 ​ 646 ​ 589 ​ Other assets – Derivatives ​ 361 ​ ​ 292 ​ ​ 324 ​ Accounts payable and accrued expenses – Derivatives ​ 582 ​ ​ 1,130 ​ ​ 948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses – Deferred consideration ​ ​ 153 ​ ​ 186 ​ ​ 202 ​ The mortgage-backed securities are primarily issued by U.S. government-sponsored enterprises. The contractual maturities of available-for-sale debt securities at July 28, 2024 follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair ​ ​ Cost ​ Value Due in one year or less $ 21 ​ $ 21 ​ Due after one through five years ​ ​ 299 ​ ​ 258 ​ Due after five through 10 years ​ ​ 557 ​ ​ 540 ​ Due after 10 years ​ ​ 185 ​ ​ 155 ​ Mortgage-backed securities ​ ​ 182 ​ ​ 154 ​ Debt securities $ 1,244 $ 1,128 ​ Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Mortgage-backed securities contain prepayment provisions and are not categorized by contractual maturity. Fair value, nonrecurring Level 3 measurements from impairments were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Losses ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 2023 2023 2024 2023 2024 2023 Assets held for sale ​ $ 2,965 ​ ​ ​ ​ ​ ​ ​ $ 53 ​ ​ ​ ​ $ 53 ​ ​ ​ ​ ​ The following is a description of the valuation methodologies we use to measure certain financial instruments on the balance sheets at fair value: Marketable securities – The portfolio of investments is valued on a market approach (matrix pricing model) in which all significant inputs are observable or can be derived from or corroborated by observable market data such as interest rates, yield curves, volatilities, credit risk, and prepayment speeds. Funds are valued using the fund’s net asset value, based on the fair value of the underlying securities. International debt securities are valued using quoted prices for identical assets in inactive markets. Derivatives – Our derivative financial instruments consist of interest rate contracts (swaps), foreign currency exchange contracts (futures, forwards, and swaps), and cross-currency interest rate contracts (swaps). The portfolio is valued based on an income approach (discounted cash flow) using market observable inputs, including swap curves and both forward and spot exchange rates for currencies. Assets held for sale – The impairment was measured at the lower of the carrying amount or fair value less cost to sell. Fair value was based on the probable sale price. The inputs included estimates of the final sale price (see Note 21).

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Jul. 28, 2024
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	(18)    Derivative Instruments Fair values of our derivative instruments and the associated notional amounts were as follows. Assets are recorded in “Other assets,” while liabilities are recorded in “Accounts payable and accrued expenses.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ October 29, 2023 ​ July 30, 2023 ​ ​ ​ ​ Fair Value ​ ​ ​ Fair Value ​ ​ ​ Fair Value ​ ​ Notional ​ Assets ​ Liabilities ​ Notional ​ Assets ​ Liabilities ​ Notional ​ Assets ​ Liabilities Cash flow hedges: Interest rate contracts $ 3,475 ​ $ 14 ​ $ 18 $ 1,500 ​ $ 45 ​ ​ ​ $ 1,500 ​ $ 48 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 15,165 ​ ​ 119 ​ ​ 486 ​ ​ 12,691 ​ ​ ​ ​ $ 970 ​ ​ 12,160 ​ ​ 4 ​ ​ 729 ​ Cross-currency interest rate contracts ​ ​ 975 ​ ​ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 13,656 ​ ​ 103 ​ ​ 59 ​ ​ 13,853 ​ ​ 169 ​ ​ 98 ​ ​ 13,233 ​ ​ 221 ​ ​ 109 ​ Foreign exchange contracts ​ ​ 7,529 ​ ​ 99 ​ ​ 16 ​ ​ 8,117 ​ 75 ​ 54 ​ ​ 8,630 ​ 51 ​ 82 ​ Cross-currency interest rate contracts ​ ​ 190 ​ ​ 10 ​ ​ 3 ​ ​ 176 ​ 3 ​ 8 ​ ​ 155 ​ ​ ​ 25 ​ ​ The amounts recorded in the consolidated balance sheets related to borrowings designated in fair value hedging relationships were as follows. 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 ​ July 28, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ $ 286 ​ $ (4) ​ $ 1,458 ​ $ 9 ​ Long-term borrowings ​ ​ 15,386 ​ ​ (394) ​ ​ 8,414 ​ ​ (264) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 1,814 ​ $ 15 ​ Long-term borrowings ​ $ 11,660 ​ $ (976) ​ ​ 7,144 ​ ​ (288) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 2,324 ​ $ 25 ​ Long-term borrowings ​ $ 11,379 ​ $ (728) ​ ​ 6,319 ​ ​ (265) ​ ​ The classification and gains (losses), including accrued interest expense, related to derivative instruments on the statements of consolidated income consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Fair Value Hedges ​ ​ ​ ​ Interest rate contracts – Interest expense* $ 373 ​ $ (375) $ 269 ​ $ (146) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized in OCI: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – OCI (pretax) ​ $ (15) ​ $ 24 ​ $ 3 ​ $ 19 ​ Reclassified from OCI: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 22 ​ 18 ​ ​ 49 ​ 52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not Designated as Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Net sales ​ ​ ​ ​ $ 6 ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense* $ 4 ​ ​ 48 $ 2 ​ $ 45 ​ Foreign exchange contracts – Net sales ​ ​ (3) ​ ​ 3 ​ ​ ​ ​ ​ 2 ​ Foreign exchange contracts – Cost of sales ​ ​ 36 ​ (78) ​ ​ 15 ​ ​ (14) ​ Foreign exchange contracts – Other operating expenses* ​ ​ 17 ​ (142) ​ ​ (118) ​ (157) ​ Total not designated $ 54 ​ $ (163) $ (101) ​ $ (124) ​ ​ * Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. Certain of our derivative agreements contain credit support provisions that may require us to post collateral based on the size of the net liability positions and credit ratings. The aggregate fair value of all derivatives with credit-risk-related contingent features that were in a net liability position at July 28, 2024, October 29, 2023, and July 30, 2023, was $566, $1,076, and $865, respectively. In accordance with the limits established in these agreements, we posted $269, $659, and $435 of cash collateral at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. In addition, we paid $8 of collateral that was outstanding at July 28, 2024, October 29, 2023, and July 30, 2023 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 collateral follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Netting ​ ​ ​ ​ ​ ​ Recognized Arrangements Collateral Net Amount July 28, 2024 ​ Assets $ 361 $ (154) ​ ​ $ 207 ​ Liabilities ​ ​ 582 ​ ​ (154) ​ $ (269) ​ ​ 159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ ​ Assets ​ $ 292 $ (152) ​ ​ $ 140 ​ Liabilities ​ ​ 1,130 ​ (152) ​ $ (659) ​ ​ 319 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 324 $ (160) $ (28) ​ $ 136 ​ Liabilities ​ 948 ​ ​ (160) ​ ​ (435) ​ 353 ​ ​

SHARE-BASED AWARDS

SHARE-BASED AWARDS	9 Months Ended
	Jul. 28, 2024
SHARE-BASED AWARDS
SHARE-BASED AWARDS	(19)    Share-Based Awards We are authorized to grant shares for stock options and restricted stock units. The outstanding shares authorized were 14.9 million at July 28, 2024. In December 2023, we granted stock options to employees for the purchase of 216 thousand shares of common stock at an exercise price of $377.01 per share and a binomial lattice model During the nine months ended July 28, 2024, the restricted stock units (RSUs) granted in thousands of shares and the weighted-average grant date fair values, using the closing price of our common stock on the grant date, in dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Date ​ ​ ​ Shares ​ Fair Value ​ Service-based 378 $ 377.37 Performance/service-based ​ 52 ​ ​ 360.53 ​ Market/service-based ​ 52 ​ ​ 370.87 ​ ​ In December 2023, we granted market/service-based RSUs. The vesting period for the market/service-based RSUs is three years and dividend equivalents are not earned during the vesting period. The market/service-based RSUs are subject to a market related metric based on total shareholder return, compared to a benchmark group of companies, and award common stock in a range of zero to 200 percent for each unit granted based on the level of the metric achieved. The fair value of the market/service-based RSUs was determined using a Monte Carlo model

DISPOSITION

DISPOSITION	9 Months Ended
	Jul. 28, 2024
DISPOSITION
DISPOSITION	(20)    Disposition In March 2023, we sold our financial services business in Russia to Insight Investment Group. The total proceeds, net of restricted cash sold, were $36. The operations were included in the financial services operating segment through the date of sale. At the disposal date, the total assets were $31, consisting primarily of financing receivables, the total liabilities were $5, and the cumulative translation loss was $10. We did not incur additional gains or losses upon disposition.

SPECIAL ITEMS

SPECIAL ITEMS	9 Months Ended
	Jul. 28, 2024
SPECIAL ITEMS
SPECIAL ITEMS	(21)    Special ItemS 2024 Employee-Separation Programs In the third quarter of 2024, we implemented employee-separation programs for our salaried workforce in several geographic areas, including the United States, Europe, Asia, and Latin America. The programs’ main purpose was to help meet our strategic priorities while reducing overlap and redundancy in roles and responsibilities. The programs were largely involuntary in nature with the expense recorded when management committed to a plan, the plan was communicated to the employees, and the employees were not required to provide service beyond the legal notification period. The programs’ total pretax expenses are estimated to be approximately $150, with $124 recorded in the third quarter of 2024. The remaining expenses are expected to be recorded primarily in 2025. Payments made during the third quarter of 2024 with respect to these program expenses totaled $30. The expenses for the three months and nine months ended July 28, 2024 were recorded as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PPA SAT CF FS Total ​ Employee-Separation Programs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of sales ​ $ 18 ​ $ 9 ​ $ 8 ​ ​ ​ ​ $ 35 ​ Research and development expenses ​ ​ 19 ​ ​ 6 ​ ​ 1 ​ ​ ​ ​ ​ 26 ​ Selling, administrative and general expenses ​ ​ 25 ​ ​ 14 ​ ​ 11 ​ $ 9 ​ ​ 59 ​ Total operating profit decrease ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ ​ 120 ​ Non-operating profit expenses* ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4 ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 124 ​ * Relates primarily to corporate expenses. Banco John Deere S.A. In the third quarter of 2024, our board of directors authorized the sale of 50 percent ownership in our wholly owned subsidiary, Banco John Deere S.A. (BJD). BJD, located in Brazil, is included in our financial services segment and finances retail and wholesale loans for agricultural, construction, and forestry equipment. The transaction will reduce our incremental risk as we continue to grow in the Brazilian market. As a result, we reclassified the BJD business as held for sale, including a reversal of $38 in allowance for credit losses, and the establishment of a $53 valuation allowance on the assets held for sale. The net impact of these entries was a pretax and after-tax Selling, administrative and general expenses The major classes of the total consolidated assets and liabilities of BJD that were classified as held for sale and liabilities of BJD to other intercompany parties were as follows: ​ ​ ​ ​ ​ ​ ​ July 28 ​ ​ ​ 2024 ​ Cash and cash equivalents ​ $ 107 ​ Trade accounts and notes receivable – net ​ ​ 231 ​ Financing receivables – net ​ ​ 2,624 ​ Deferred income taxes ​ ​ 42 ​ Other miscellaneous assets* ​ ​ 14 ​ Valuation allowance ​ ​ (53) ​ Total assets held for sale ​ $ 2,965 ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ 563 ​ Accounts payable and accrued expenses ​ ​ 101 ​ Long-term borrowings ​ ​ 1,137 ​ Retirement benefits and other liabilities ​ ​ 2 ​ Total liabilities held for sale ​ $ 1,803 ​ ​ ​ ​ ​ ​ Total intercompany payables ​ $ 673 ​ * Includes $1 restricted cash balance. In August 2024, we entered into an agreement with a Brazilian bank, Banco Bradesco S.A. (Bradesco), for Bradesco to invest and become 50 percent owner of BJD. On the transaction date, which is expected to occur in the second quarter of 2025, subject to usual and customary regulatory approval, Bradesco will contribute capital equal to our equity investment in BJD. We will retain a 50 percent equity interest in BJD and report the results of the joint venture as an equity investment in unconsolidated affiliates. Redeemable Noncontrolling Interest In the third quarter of 2024, we exercised our right to purchase the remaining 20 percent interest in SurePoint Ag Systems, Inc. The arrangement was accounted for as an equity transaction with no gain or loss recorded in the statements of consolidated income. 2023 Brazil Tax Ruling In the third quarter of 2023, the Brazil Superior Court of Justice published a favorable tax ruling regarding taxability of local incentives, which allowed us to record a $243 reduction in the provision for income taxes and $47 of interest income. Financial Services Financing Incentives Correction In the second quarter of 2023, we corrected the accounting treatment Summary of 2024 and 2023 Special Items The following table summarizes the operating profit impact of the special items recorded for the three months and nine months ended July 28, 2024 and July 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ PPA SAT CF FS Total ​ PPA ​ SAT CF FS Total ​ 2024 Expense: ​ Employee-separation programs ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ $ 120 ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ $ 120 ​ BJD remeasurement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ Total 2024 expense ​ ​ 62 ​ ​ 29 ​ ​ 20 ​ ​ 24 ​ ​ 135 ​ ​ 62 ​ ​ 29 ​ ​ 20 ​ ​ 24 ​ ​ 135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 Expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing incentives correction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 173 ​ ​ 173 ​ Period over period change ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 24 ​ $ 135 ​ $ 62 ​ $ 29 ​ $ 20 ​ $ (149) ​ $ (38) ​ ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jul. 28, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	(22)    Subsequent EventS In August 2024, we entered into an agreement with a Brazilian bank, Banco Bradesco S.A., to invest and become 50 percent owner of Banco John Deere S.A. (see Note 21). On August 28, 2024, a quarterly dividend of $1.47 per share was declared at the Board of Directors meeting, payable on November 8, 2024, to stockholders of record on September 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,734	$ 2,978	$ 5,855	$ 7,797

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Jul. 28, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS
Fiscal Period, Policy	We use a 52/53 week fiscal year with quarters ending on the last Sunday in the reporting period. The third quarter ends for fiscal year 2024 and 2023 were July 28, 2024 and July 30, 2023, respectively. Both third quarters contained 13 weeks, while both year-to-date periods contained 39 weeks. Unless otherwise stated, references to particular years, quarters, or months refer to our fiscal years generally ending in October and the associated periods in those fiscal years.
Use of Estimates in Financial Statements, Policy	Certain accounting policies require management to make estimates and assumptions in determining the amounts reflected in the financial statements and related disclosures. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy	We closely monitor all Accounting Standard Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) and other authoritative guidance. Accounting Pronouncements Adopted We adopted the following standards in 2024, none of which had a material effect on our consolidated financial statements. ​ ​ 2022-04 — Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations ​ 2022-02 — Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ​ 2022-01 — Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method ​ 2021-08 — Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ​ ​ Accounting Pronouncements to be Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and cash income taxes paid both in the U.S. and foreign jurisdictions. The effective date of the ASU is fiscal year 2026. We are assessing the effect of this update on our related disclosures. We will also adopt the following standards in future periods, none of which are expected to have a material effect on our consolidated financial statements. ​ ​ 2023-07 — Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ​ 2023-06 — Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative ​ 2023-05 — Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement ​ 2022-03 — Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ​ ​
Financing Receivables - Allowance for Credit Losses, Policy	We monitor the credit quality of financing receivables based on delinquency status, defined as follows: ● Past due balances represent any payments 30 days or more past the due date. ● Non-performing financing receivables represent receivables for which we have stopped accruing finance income. This generally occurs when receivables are 90 days delinquent. ● Write-offs generally occur when receivables are 120 days delinquent. In these situations, the estimated uncollectible amount is written off to the allowance for credit losses. Any expected recovery is presented as non-performing.
Securitization of Financing Receivables, Policy	Our funding strategy includes receivable securitizations, which allows us to receive cash for financing receivables immediately. While these securitization programs are administered in various forms, they are accomplished in the following basic steps: 1. We transfer financing receivables into a bankruptcy-remote special purpose entity (SPE). 2. The SPE issues debt to investors. The debt is secured by the financing receivables. 3. Investors are paid back based on cash receipts from the financing receivables. As part of step 1, these receivables are legally isolated from the claims of our general creditors. This ensures cash receipts from the financing receivables are accessible to pay back securitization program investors. The structure of these transactions does not meet the accounting criteria for a sale of receivables. As a result, they are accounted for as a secured borrowing. The receivables and borrowings remain on our balance sheet and are separately reported as “Financing receivables securitized – net” and “Short-term securitization borrowings,” respectively.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Jul. 28, 2024
REVENUE RECOGNITION
Schedule of Revenue Recognition	Our net sales and revenues by primary geographic market, major product line, and timing of revenue recognition follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended July 28, 2024 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 2,839 ​ $ 1,824 ​ $ 1,967 ​ $ 1,076 ​ $ 7,706 ​ Canada ​ ​ 489 ​ ​ 207 ​ ​ 183 ​ 191 ​ 1,070 ​ Western Europe ​ ​ 522 ​ ​ 542 ​ ​ 432 ​ 64 ​ 1,560 ​ Central Europe and CIS ​ ​ 201 ​ ​ 70 ​ ​ 106 ​ 12 ​ 389 ​ Latin America ​ ​ 841 ​ ​ 125 ​ ​ 305 ​ 94 ​ 1,365 ​ Asia, Africa, Oceania, and Middle East ​ ​ 350 ​ ​ 360 ​ ​ 300 ​ ​ 52 ​ ​ 1,062 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 5,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,038 ​ Small agriculture ​ ​ ​ ​ $ 2,168 ​ ​ ​ ​ ​ ​ 2,168 ​ Turf ​ ​ ​ ​ ​ 825 ​ ​ ​ ​ ​ ​ 825 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,308 ​ ​ ​ 1,308 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 643 ​ ​ ​ ​ ​ 643 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 961 ​ ​ ​ 961 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 269 ​ ​ ​ 269 ​ Financial products ​ ​ 65 ​ ​ 33 ​ ​ 8 ​ $ 1,489 ​ 1,595 ​ Other ​ ​ 139 ​ ​ 102 ​ ​ 104 ​ ​ ​ 345 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,143 ​ $ 3,084 ​ $ 3,269 ​ $ 35 ​ $ 11,531 ​ Over time ​ ​ 99 ​ ​ 44 ​ ​ 24 ​ ​ 1,454 ​ ​ 1,621 ​ Total ​ $ 5,242 ​ $ 3,128 ​ $ 3,293 ​ $ 1,489 ​ $ 13,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 9,441 ​ $ 5,011 ​ $ 6,563 ​ $ 3,041 ​ $ 24,056 ​ Canada ​ ​ 1,475 ​ ​ 492 ​ ​ 635 ​ 538 ​ 3,140 ​ Western Europe ​ ​ 1,684 ​ ​ 1,747 ​ ​ 1,263 ​ 144 ​ 4,838 ​ Central Europe and CIS ​ ​ 655 ​ ​ 223 ​ ​ 291 ​ 28 ​ 1,197 ​ Latin America ​ ​ 2,510 ​ ​ 326 ​ ​ 895 ​ 346 ​ 4,077 ​ Asia, Africa, Oceania, and Middle East ​ ​ 1,199 ​ ​ 1,074 ​ ​ 829 ​ ​ 162 ​ ​ 3,264 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 16,336 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 16,336 ​ Small agriculture ​ ​ ​ ​ $ 5,984 ​ ​ ​ ​ ​ ​ 5,984 ​ Turf ​ ​ ​ ​ ​ 2,491 ​ ​ ​ ​ ​ ​ 2,491 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 4,528 ​ ​ ​ 4,528 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,964 ​ ​ ​ ​ ​ 1,964 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 2,804 ​ ​ ​ 2,804 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 832 ​ ​ ​ ​ 832 ​ Financial products ​ ​ 164 ​ ​ 91 ​ ​ 43 ​ $ 4,259 ​ 4,557 ​ Other ​ ​ 464 ​ ​ 307 ​ ​ 305 ​ ​ ​ 1,076 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 16,707 ​ $ 8,753 ​ $ 10,395 ​ $ 97 ​ $ 35,952 ​ Over time ​ ​ 257 ​ ​ 120 ​ ​ 81 ​ ​ 4,162 ​ ​ 4,620 ​ Total ​ $ 16,964 ​ $ 8,873 ​ $ 10,476 ​ $ 4,259 ​ $ 40,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended July 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 3,394 ​ $ 2,098 ​ $ 2,346 ​ $ 860 ​ $ 8,698 ​ Canada ​ ​ 397 ​ ​ 179 ​ ​ 288 ​ 165 ​ 1,029 ​ Western Europe ​ ​ 833 ​ ​ 802 ​ ​ 421 ​ ​ 35 ​ 2,091 ​ Central Europe and CIS ​ ​ 302 ​ ​ 85 ​ ​ 98 ​ ​ 6 ​ 491 ​ Latin America ​ ​ 1,326 ​ ​ 220 ​ ​ 371 ​ ​ 117 ​ 2,034 ​ Asia, Africa, Oceania, and Middle East ​ ​ 720 ​ ​ 422 ​ ​ 271 ​ ​ 45 ​ ​ 1,458 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 6,721 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,721 ​ Small agriculture ​ ​ ​ ​ $ 2,688 ​ ​ ​ ​ ​ ​ 2,688 ​ Turf ​ ​ ​ ​ ​ 964 ​ ​ ​ ​ ​ ​ 964 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 1,745 ​ ​ ​ 1,745 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 614 ​ ​ ​ ​ ​ 614 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 987 ​ ​ ​ 987 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 334 ​ ​ ​ 334 ​ Financial products ​ ​ 89 ​ ​ 28 ​ ​ 15 ​ $ 1,228 ​ 1,360 ​ Other ​ ​ 162 ​ ​ 126 ​ ​ 100 ​ ​ ​ 388 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 6,857 ​ $ 3,769 ​ $ 3,767 ​ $ 30 ​ $ 14,423 ​ Over time ​ ​ 115 ​ ​ 37 ​ ​ 28 ​ ​ 1,198 ​ ​ 1,378 ​ Total ​ $ 6,972 ​ $ 3,806 ​ $ 3,795 ​ $ 1,228 ​ $ 15,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 30, 2023 ​ ​ Production & Precision Ag Small Ag & Turf Construction Financial Total ​ Primary geographic markets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 10,079 ​ $ 6,005 ​ $ 6,807 ​ $ 2,339 ​ $ 25,230 ​ Canada ​ ​ 1,303 ​ ​ 514 ​ ​ 865 ​ ​ 468 ​ 3,150 ​ Western Europe ​ ​ 2,092 ​ ​ 2,254 ​ ​ 1,278 ​ ​ 95 ​ 5,719 ​ Central Europe and CIS ​ ​ 897 ​ ​ 420 ​ ​ 263 ​ ​ 26 ​ 1,606 ​ Latin America ​ ​ 4,106 ​ ​ 577 ​ ​ 1,098 ​ ​ 318 ​ 6,099 ​ Asia, Africa, Oceania, and Middle East ​ ​ 1,709 ​ ​ 1,291 ​ ​ 906 ​ ​ 129 ​ ​ 4,035 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major product lines: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production agriculture ​ $ 19,565 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 19,565 ​ Small agriculture ​ ​ ​ ​ $ 7,835 ​ ​ ​ ​ ​ ​ ​ 7,835 ​ Turf ​ ​ ​ ​ ​ 2,782 ​ ​ ​ ​ ​ ​ ​ 2,782 ​ Construction ​ ​ ​ ​ ​ ​ ​ $ 5,040 ​ ​ ​ ​ 5,040 ​ Compact construction ​ ​ ​ ​ ​ ​ ​ ​ 1,750 ​ ​ ​ ​ ​ 1,750 ​ Roadbuilding ​ ​ ​ ​ ​ ​ ​ ​ 2,939 ​ ​ ​ ​ 2,939 ​ Forestry ​ ​ ​ ​ ​ ​ ​ ​ 1,119 ​ ​ ​ ​ 1,119 ​ Financial products ​ ​ 149 ​ ​ 66 ​ ​ 40 ​ $ 3,375 ​ 3,630 ​ Other ​ ​ 472 ​ ​ 378 ​ ​ 329 ​ ​ ​ ​ 1,179 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue recognized: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 19,965 ​ $ 10,970 ​ $ 11,142 ​ $ 80 ​ $ 42,157 ​ Over time ​ ​ 221 ​ ​ 91 ​ ​ 75 ​ ​ 3,295 ​ ​ 3,682 ​ Total ​ $ 20,186 ​ $ 11,061 ​ $ 11,217 ​ $ 3,375 ​ $ 45,839 ​

OTHER COMPREHENSIVE INCOME IT_2

OTHER COMPREHENSIVE INCOME ITEMS (Tables)	9 Months Ended
	Jul. 28, 2024
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) follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ ​ 2024 ​ 2023 ​ 2023 ​ Retirement benefits adjustment ​ $ (974) ​ $ (845) ​ $ (656) ​ Cumulative translation adjustment ​ ​ (2,264) ​ ​ (2,151) ​ ​ (1,669) ​ Unrealized gain (loss) on derivatives ​ ​ (44) ​ ​ (8) ​ ​ (5) ​ Unrealized gain (loss) on debt securities ​ ​ (86) ​ ​ (110) ​ ​ (81) ​ Total accumulated other comprehensive income (loss) ​ $ (3,368) ​ $ (3,114) ​ $ (2,411) ​
Schedule of Amounts Recorded in and Reclassifications out of Other Comprehensive Income (Loss) and the Income Tax Effects	The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended July 28, 2024 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (170) ​ ​ $ (170) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ (15) ​ $ 3 ​ ​ (12) ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (22) ​ ​ 5 ​ ​ (17) ​ Net unrealized gain (loss) on derivatives ​ ​ (37) ​ ​ 8 ​ ​ (29) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 29 ​ ​ (6) ​ ​ 23 ​ Net unrealized gain (loss) on debt securities ​ ​ 29 ​ ​ (6) ​ ​ 23 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (19) ​ ​ 5 ​ ​ (14) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (18) ​ ​ 4 ​ ​ (14) ​ Prior service (credit) cost ​ ​ 8 ​ ​ (1) ​ ​ 7 ​ Settlements ​ ​ 1 ​ ​ (1) ​ ​ ​ ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (28) ​ ​ 7 ​ ​ (21) ​ Total other comprehensive income (loss) $ (206) ​ $ 9 ​ $ (197) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Nine Months Ended July 28, 2024 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ (114) ​ $ 1 ​ $ (113) ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (49) ​ ​ 10 ​ ​ (39) ​ Net unrealized gain (loss) on derivatives ​ ​ (46) ​ ​ 10 ​ ​ (36) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 17 ​ ​ 1 ​ ​ 18 ​ Reclassification of realized (gain) loss – Other income ​ ​ 8 ​ ​ (2) ​ ​ 6 ​ Net unrealized gain (loss) on debt securities ​ ​ 25 ​ ​ (1) ​ ​ 24 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (145) ​ ​ 35 ​ ​ (110) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (54) ​ ​ 14 ​ ​ (40) ​ Prior service (credit) cost ​ ​ 26 ​ ​ (6) ​ ​ 20 ​ Settlements ​ ​ 2 ​ ​ (1) ​ ​ 1 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (171) ​ ​ 42 ​ ​ (129) ​ Total other comprehensive income (loss) $ (306) ​ $ 52 ​ $ (254) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Three Months Ended July 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 143 ​ $ 1 $ 144 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 24 ​ ​ (5) ​ ​ 19 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (18) ​ ​ 4 ​ ​ (14) ​ Net unrealized gain (loss) on derivatives ​ ​ 6 ​ ​ (1) ​ ​ 5 ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ (16) ​ ​ 3 ​ ​ (13) ​ Net unrealized gain (loss) on debt securities ​ ​ (16) ​ ​ 3 ​ ​ (13) ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (1) ​ ​ ​ ​ ​ (1) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (20) ​ ​ 5 ​ ​ (15) ​ Prior service (credit) cost ​ ​ 9 ​ ​ (2) ​ ​ 7 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (12) ​ ​ 3 ​ ​ (9) ​ Total other comprehensive income (loss) $ 121 ​ $ 6 ​ $ 127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Before Tax After ​ ​ Tax ​ (Expense) ​ Tax Nine Months Ended July 30, 2023 ​ Amount ​ Credit ​ Amount Cumulative translation adjustment $ 914 ​ $ 11 ​ $ 925 ​ Unrealized gain (loss) on derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized hedging gain (loss) ​ ​ 19 ​ ​ (4) ​ ​ 15 ​ Reclassification of realized (gain) loss to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ (52) ​ ​ 11 ​ ​ (41) ​ Net unrealized gain (loss) on derivatives ​ ​ (33) ​ ​ 7 ​ ​ (26) ​ Unrealized gain (loss) on debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gain (loss) ​ ​ 17 ​ ​ (4) ​ ​ 13 ​ Net unrealized gain (loss) on debt securities ​ ​ 17 ​ ​ (4) ​ ​ 13 ​ Retirement benefits adjustment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net actuarial gain (loss) ​ ​ (351) ​ ​ 83 ​ ​ (268) ​ Reclassification to Other operating expenses through amortization of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ ​ (61) ​ ​ 15 ​ ​ (46) ​ Prior service (credit) cost ​ ​ 28 ​ ​ (7) ​ ​ 21 ​ Settlements ​ ​ 36 ​ ​ (10) ​ ​ 26 ​ Net unrealized gain (loss) on retirement benefits adjustment ​ ​ (348) ​ ​ 81 ​ ​ (267) ​ Total other comprehensive income (loss) $ 550 ​ $ 95 ​ $ 645 ​ ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jul. 28, 2024
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Net Income Per Share	A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Net income attributable to Deere & Company $ 1,734 $ 2,978 $ 5,855 $ 7,797 ​ Average shares outstanding ​ ​ 274.5 ​ 290.8 ​ ​ 277.1 ​ 294.4 ​ Basic per share ​ $ 6.32 ​ $ 10.24 ​ $ 21.13 ​ $ 26.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average shares outstanding ​ ​ 274.5 ​ 290.8 ​ ​ 277.1 ​ 294.4 ​ Effect of dilutive stock options and restricted stock awards ​ ​ 1.1 ​ 1.3 ​ ​ 1.1 ​ 1.5 ​ Total potential shares outstanding ​ ​ 275.6 ​ 292.1 ​ ​ 278.2 ​ 295.9 ​ Diluted per share ​ $ 6.29 ​ $ 10.20 ​ $ 21.04 ​ $ 26.35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares excluded from EPS calculation, as antidilutive ​ ​ .4 ​ ​ .2 ​ ​ .3 ​ ​ .1 ​ ​

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	9 Months Ended
	Jul. 28, 2024
PENSION AND OTHER POSTRETIREMENT BENEFITS
Schedule of Components of Net Periodic Pension and OPEB (Benefit) Cost	The components of net periodic pension and OPEB (benefit) cost consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Pensions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 56 $ 62 $ 171 $ 186 ​ Interest cost ​ ​ 136 ​ 133 ​ ​ 410 ​ 400 ​ Expected return on plan assets ​ ​ (241) ​ (223) ​ ​ (723) ​ (655) ​ Amortization of actuarial gain ​ ​ (4) ​ (5) ​ ​ (13) ​ (16) ​ Amortization of prior service cost ​ ​ 9 ​ 10 ​ ​ 29 ​ 30 ​ Settlements ​ ​ 1 ​ ​ ​ ​ 2 ​ 36 ​ Net benefit ​ $ (43) ​ $ (23) ​ $ (124) ​ $ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPEB: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost $ 4 $ 7 $ 13 $ 20 ​ Interest cost ​ ​ 44 ​ 44 ​ ​ 131 ​ 132 ​ Expected return on plan assets ​ ​ (27) ​ (29) ​ ​ (81) ​ (87) ​ Amortization of actuarial gain ​ ​ (14) ​ (15) ​ ​ (41) ​ (45) ​ Amortization of prior service credit ​ ​ (1) ​ (1) ​ ​ (3) ​ (2) ​ Net cost ​ $ 6 ​ $ 6 ​ $ 19 ​ $ 18 ​
Schedule of Pension and OPEB Contributions and Expected Contributions	During the first nine months of 2024, we contributed and expect to contribute the following amounts to our pension and OPEB plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pensions ​ OPEB ​ Contributed $ 74 $ 118 Expected contributions remainder of the year ​ ​ 26 ​ 22 ​ ​

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	9 Months Ended
	Jul. 28, 2024
SEGMENT DATA
Schedule of Segment Reporting Information	Information relating to operations by operating segment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ July 28 ​ July 30 ​ % ​ July 28 ​ July 30 ​ % ​ ​ 2024 ​ 2023 ​ Change ​ 2024 ​ 2023 ​ Change Net sales and revenues: ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 5,099 ​ $ 6,806 ​ -25 $ 16,529 ​ $ 19,826 ​ -17 ​ Small ag & turf net sales ​ ​ 3,053 ​ ​ 3,739 ​ -18 ​ ​ 8,663 ​ ​ 10,886 ​ -20 ​ Construction & forestry net sales ​ ​ 3,235 ​ 3,739 ​ -13 ​ ​ 10,292 ​ 11,053 ​ -7 ​ Financial services revenues ​ ​ 1,489 ​ 1,228 ​ +21 ​ ​ 4,259 ​ 3,375 ​ +26 ​ Other revenues ​ ​ 276 ​ 289 ​ -4 ​ ​ 829 ​ 699 ​ +19 ​ Total net sales and revenues $ 13,152 ​ $ 15,801 ​ -17 $ 40,572 ​ $ 45,839 ​ -11 ​ Operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag $ 1,162 ​ $ 1,782 ​ -35 $ 3,857 ​ $ 5,160 ​ -25 ​ Small ag & turf ​ ​ 496 ​ ​ 732 ​ -32 ​ ​ 1,393 ​ ​ 2,028 ​ -31 ​ Construction & forestry ​ ​ 448 ​ 716 ​ -37 ​ ​ 1,682 ​ 2,179 ​ -23 ​ Financial services ​ ​ 191 ​ 286 ​ -33 ​ ​ 657 ​ 565 ​ +16 ​ Total operating profit ​ ​ 2,297 ​ 3,516 ​ -35 ​ ​ 7,589 ​ 9,932 ​ -24 ​ Reconciling items ​ ​ 62 ​ 98 ​ -37 ​ ​ 111 ​ 29 ​ +283 ​ Income taxes ​ ​ (625) ​ (636) ​ -2 ​ ​ (1,845) ​ (2,164) ​ -15 ​ Net income attributable to Deere & Company $ 1,734 ​ $ 2,978 ​ -42 $ 5,855 ​ $ 7,797 ​ -25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intersegment sales and revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & precision ag net sales $ 4 ​ $ 9 ​ -56 $ 18 ​ $ 21 ​ -14 ​ Small ag & turf net sales ​ ​ ​ ​ ​ 2 ​ -100 ​ ​ 2 ​ ​ 10 ​ -80 ​ Construction & forestry net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial services revenues ​ ​ 178 ​ 217 ​ -18 ​ ​ 548 ​ 612 ​ -10 ​ ​ Operating profit for PPA, SAT, and CF is income from continuing operations before corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, and income taxes. Operating profit of financial services includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain interest income and expenses, certain foreign exchange gains and losses, pension and OPEB benefit (cost) amounts excluding the service cost component, and net income attributable to noncontrolling interests. Identifiable operating assets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2023 Production & precision ag $ 8,750 ​ $ 8,734 ​ $ 9,523 ​ Small ag & turf ​ ​ 4,079 ​ ​ 4,348 ​ ​ 4,482 ​ Construction & forestry ​ ​ 7,129 ​ 7,139 ​ 7,415 ​ Financial services ​ ​ 74,981 ​ 70,732 ​ 68,850 ​ Corporate ​ ​ 12,902 ​ 13,134 ​ 13,127 ​ Total assets $ 107,841 ​ $ 104,087 ​ $ 103,397 ​

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	9 Months Ended
	Jul. 28, 2024
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 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended July 28, 2024 ​ ​ ​ ​ Allowance: Beginning of period balance $ 207 $ 21 ​ $ 2 ​ $ 230 ​ Provision ​ ​ 84 ​ ​ 25 ​ ​ ​ ​ ​ 109 ​ Provision reversal for assets held for sale ​ ​ (38) ​ ​ ​ ​ ​ ​ ​ ​ (38) ​ Provision subtotal ​ ​ 46 ​ ​ 25 ​ ​ ​ ​ ​ 71 ​ Write-offs ​ ​ (45) ​ ​ (46) ​ ​ ​ ​ ​ (91) ​ Recoveries ​ ​ 4 ​ ​ 8 ​ ​ ​ ​ ​ 12 ​ Translation adjustments ​ ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ End of period balance $ 209 $ 8 ​ $ 2 ​ $ 219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ Allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning of period balance $ 172 $ 21 ​ $ 4 ​ $ 197 ​ Provision ​ ​ 183 ​ ​ 46 ​ ​ ​ ​ ​ 229 ​ Provision reversal for assets held for sale ​ ​ (38) ​ ​ ​ ​ ​ ​ ​ ​ (38) ​ Provision subtotal ​ ​ 145 ​ ​ 46 ​ ​ ​ ​ ​ 191 ​ Write-offs ​ ​ (112) ​ ​ (81) ​ ​ ​ ​ ​ (193) ​ Recoveries ​ ​ 9 ​ ​ 22 ​ ​ ​ ​ ​ 31 ​ Translation adjustments ​ ​ (5) ​ ​ ​ ​ ​ (2) ​ ​ (7) ​ End of period balance $ 209 $ 8 ​ $ 2 ​ $ 219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance $ 38,333 $ 4,583 ​ $ 9,473 ​ $ 52,389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail Notes ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ & Financing ​ Charge ​ Wholesale ​ ​ ​ ​ ​ Leases ​ Accounts ​ Receivables ​ Total ​ Three Months Ended July 30, 2023 ​ ​ ​ ​ Allowance: ​ Beginning of period balance ​ $ 157 $ 19 ​ $ 4 ​ $ 180 ​ Provision ​ 14 ​ ​ 11 ​ ​ ​ ​ 25 ​ Write-offs ​ (23) ​ ​ (18) ​ ​ ​ ​ (41) ​ Recoveries ​ 5 ​ ​ 6 ​ ​ ​ ​ 11 ​ Translation adjustments ​ 1 ​ ​ ​ ​ ​ ​ ​ 1 ​ End of period balance ​ $ 154 ​ $ 18 ​ $ 4 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 30, 2023 ​ ​ ​ Allowance: ​ ​ ​ Beginning of period balance ​ $ 299 $ 22 ​ $ 4 ​ $ 325 ​ Provision ​ 59 ​ ​ 15 ​ ​ 1 ​ ​ 75 ​ Provision reversal for assets held for sale ​ ​ (142) ​ ​ ​ ​ ​ ​ ​ ​ (142) ​ Provision (credit) subtotal ​ ​ (83) ​ ​ 15 ​ ​ 1 ​ ​ (67) ​ Write-offs ​ (60) ​ ​ (36) ​ ​ ​ ​ ​ (96) ​ Recoveries ​ 15 ​ ​ 17 ​ ​ ​ ​ ​ 32 ​ Translation adjustments ​ ​ (17) ​ ​ ​ ​ ​ (1) ​ (18) ​ End of period balance ​ $ 154 ​ $ 18 ​ $ 4 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ End of period balance ​ $ 37,566 $ 4,544 ​ $ 6,369 ​ $ 48,479 ​
Write-offs by Year of Origination	Write-offs by year of origination were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ $ 2 ​ $ 17 ​ $ 17 ​ $ 6 ​ $ 7 ​ $ 3 ​ $ 75 ​ $ 127 ​ Construction and forestry ​ ​ 2 ​ ​ 23 ​ ​ 21 ​ ​ 8 ​ ​ 4 ​ ​ 2 ​ ​ 6 ​ ​ 66 ​ Total retail customer receivables ​ $ 4 ​ $ 40 ​ $ 38 ​ $ 14 ​ $ 11 ​ $ 5 ​ $ 81 ​ $ 193 ​
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Years ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 10,349 ​ $ 9,686 ​ $ 5,849 ​ $ 3,286 ​ $ 1,276 ​ $ 394 ​ $ 4,409 ​ $ 35,249 ​ 30-59 days past due ​ ​ 37 ​ ​ 90 ​ ​ 56 ​ ​ 28 ​ ​ 10 ​ ​ 4 ​ ​ 31 ​ ​ 256 ​ 60-89 days past due ​ ​ 15 ​ ​ 65 ​ ​ 25 ​ ​ 12 ​ ​ 5 ​ ​ 2 ​ ​ 10 ​ ​ 134 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 12 ​ ​ 101 ​ ​ 85 ​ ​ 59 ​ ​ 24 ​ ​ 17 ​ ​ 15 ​ ​ 313 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,261 ​ ​ 2,067 ​ ​ 1,249 ​ ​ 583 ​ ​ 147 ​ ​ 60 ​ ​ 111 ​ ​ 6,478 ​ 30-59 days past due ​ ​ 40 ​ ​ 59 ​ ​ 34 ​ ​ 14 ​ ​ 4 ​ ​ 1 ​ ​ 4 ​ ​ 156 ​ 60-89 days past due ​ ​ 12 ​ ​ 25 ​ ​ 14 ​ ​ 9 ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 64 ​ 90+ days past due ​ ​ 1 ​ ​ 5 ​ ​ 2 ​ ​ 2 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 11 ​ Non-performing ​ ​ 21 ​ ​ 94 ​ ​ 72 ​ ​ 38 ​ ​ 13 ​ ​ 6 ​ ​ 2 ​ ​ 246 ​ Total retail customer receivables ​ $ 12,748 ​ $ 12,193 ​ $ 7,387 ​ $ 4,033 ​ $ 1,486 ​ $ 486 ​ $ 4,583 ​ $ 42,916 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 15,191 ​ $ 8,430 ​ $ 5,120 ​ $ 2,334 ​ $ 853 ​ $ 280 ​ $ 4,526 ​ $ 36,734 ​ 30-59 days past due ​ ​ 62 ​ ​ 75 ​ ​ 39 ​ ​ 21 ​ ​ 9 ​ ​ 3 ​ ​ 29 ​ ​ 238 ​ 60-89 days past due ​ ​ 18 ​ ​ 26 ​ ​ 18 ​ ​ 10 ​ ​ 4 ​ ​ 2 ​ ​ 9 ​ ​ 87 ​ 90+ days past due ​ ​ 2 ​ ​ 1 ​ ​ 3 ​ ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9 ​ Non-performing ​ ​ 30 ​ ​ 78 ​ ​ 62 ​ ​ 33 ​ ​ 22 ​ ​ 22 ​ ​ 8 ​ ​ 255 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,927 ​ ​ 1,961 ​ ​ 1,084 ​ ​ 353 ​ ​ 84 ​ ​ 29 ​ ​ 119 ​ ​ 6,557 ​ 30-59 days past due ​ ​ 49 ​ ​ 34 ​ ​ 27 ​ ​ 9 ​ ​ 4 ​ ​ ​ ​ ​ 4 ​ ​ 127 ​ 60-89 days past due ​ ​ 19 ​ ​ 14 ​ ​ 12 ​ ​ 5 ​ ​ 2 ​ ​ ​ ​ ​ 2 ​ ​ 54 ​ 90+ days past due ​ ​ ​ ​ ​ 6 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 8 ​ Non-performing ​ ​ 42 ​ ​ 80 ​ ​ 55 ​ ​ 23 ​ ​ 9 ​ ​ 4 ​ ​ 1 ​ ​ 214 ​ Total retail customer receivables ​ $ 18,340 ​ $ 10,705 ​ $ 6,421 ​ $ 2,791 ​ $ 987 ​ $ 341 ​ $ 4,698 ​ $ 44,283 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving Charge Accounts ​ Total ​ Retail customer receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 10,554 ​ $ 9,701 ​ $ 5,792 ​ $ 2,779 ​ $ 1,080 ​ $ 402 ​ $ 4,388 ​ $ 34,696 ​ 30-59 days past due ​ ​ 59 ​ ​ 85 ​ ​ 53 ​ ​ 26 ​ ​ 13 ​ ​ 4 ​ ​ 21 ​ ​ 261 ​ 60-89 days past due ​ ​ 19 ​ ​ 30 ​ ​ 17 ​ ​ 10 ​ ​ 5 ​ ​ 1 ​ ​ 7 ​ ​ 89 ​ 90+ days past due ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ 19 ​ ​ 80 ​ ​ 71 ​ ​ 36 ​ ​ 24 ​ ​ 27 ​ ​ 8 ​ ​ 265 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 2,167 ​ ​ 2,200 ​ ​ 1,284 ​ ​ 449 ​ ​ 124 ​ ​ 39 ​ ​ 114 ​ ​ 6,377 ​ 30-59 days past due ​ ​ 39 ​ ​ 46 ​ ​ 38 ​ ​ 13 ​ ​ 5 ​ ​ 2 ​ ​ 4 ​ ​ 147 ​ 60-89 days past due ​ ​ 12 ​ ​ 23 ​ ​ 16 ​ ​ 8 ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 63 ​ 90+ days past due ​ ​ ​ ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4 ​ Non-performing ​ ​ 20 ​ ​ 83 ​ ​ 61 ​ ​ 26 ​ ​ 11 ​ ​ 5 ​ ​ 1 ​ ​ 207 ​ Total retail customer receivables ​ $ 12,889 ​ $ 12,251 ​ $ 7,333 ​ $ 3,348 ​ $ 1,264 ​ $ 481 ​ $ 4,544 ​ $ 42,110 ​
Wholesale Receivables
Financing Receivables
Credit Quality Analysis	The credit quality analysis of wholesale receivables by year of origination was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 557 ​ $ 232 ​ $ 36 ​ $ 7 ​ $ 1 ​ $ 1 ​ $ 7,326 ​ $ 8,160 ​ 30+ days past due ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 13 ​ ​ 12 ​ ​ 4 ​ ​ 19 ​ ​ ​ ​ ​ ​ ​ ​ 1,260 ​ ​ 1,308 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ ​ 3 ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 571 ​ $ 244 ​ $ 40 ​ $ 26 ​ $ 1 ​ $ 2 ​ $ 8,589 ​ $ 9,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 631 ​ $ 93 ​ $ 21 ​ $ 4 ​ $ 1 ​ $ 160 ​ $ 5,175 ​ $ 6,085 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 23 ​ ​ 5 ​ ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ 76 ​ ​ 712 ​ ​ 836 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 654 ​ $ 98 ​ $ 41 ​ $ 4 ​ ​ 2 ​ $ 236 ​ $ 5,887 ​ $ 6,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total ​ Wholesale receivables: ​ Agriculture and turf ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 449 ​ $ 139 ​ $ 28 ​ $ 7 ​ $ 1 ​ $ 1 ​ $ 4,940 ​ $ 5,565 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Construction and forestry ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 20 ​ ​ 6 ​ ​ 23 ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ 752 ​ ​ 803 ​ 30+ days past due ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total wholesale receivables ​ $ 469 ​ $ 145 ​ $ 51 ​ $ 8 ​ $ 2 ​ $ 2 ​ $ 5,692 ​ $ 6,369 ​

SECURITIZATION OF FINANCING R_2

SECURITIZATION OF FINANCING RECEIVABLES (Tables)	9 Months Ended
	Jul. 28, 2024
SECURITIZATION OF FINANCING RECEIVABLES
Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions	The components of securitization programs were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Financing receivables securitized (retail notes) $ 8,313 ​ $ 7,357 ​ $ 7,019 ​ Allowance for credit losses ​ ​ (39) ​ (22) ​ (18) ​ Other assets (primarily restricted cash) ​ ​ 178 ​ 152 ​ 153 ​ Total restricted securitized assets $ 8,452 ​ $ 7,487 ​ $ 7,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term securitization borrowings ​ $ 7,869 ​ $ 6,995 ​ $ 6,608 ​ Accrued interest on borrowings ​ ​ 14 ​ ​ 13 ​ 15 ​ Total liabilities related to restricted securitized assets ​ $ 7,883 ​ $ 7,008 ​ $ 6,623 ​

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Jul. 28, 2024
INVENTORIES
Major Classification of Inventories	If all inventories had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Raw materials and supplies $ 3,586 ​ $ 4,080 ​ $ 4,492 ​ Work-in-process ​ ​ 988 ​ 1,010 ​ 1,307 ​ Finished goods and parts ​ ​ 5,689 ​ 5,435 ​ 6,164 ​ Total FIFO value ​ ​ 10,263 ​ 10,525 ​ 11,963 ​ Excess of FIFO over LIFO ​ ​ 2,567 ​ 2,365 ​ 2,613 ​ Inventories $ 7,696 ​ $ 8,160 ​ $ 9,350 ​

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)	9 Months Ended
	Jul. 28, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS - NET
Changes in Goodwill by Operating Segments	The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Production & Small Ag Construction ​ ​ Precision Ag ​ & Turf ​ & Forestry ​ Total Goodwill at October 30, 2022 $ 646 ​ $ 318 ​ $ 2,723 ​ $ 3,687 ​ Acquisitions ​ 41 ​ ​ 39 ​ ​ ​ ​ ​ 80 ​ Translation adjustments ​ 23 ​ ​ 8 ​ ​ 196 ​ ​ 227 ​ Goodwill at July 30, 2023 ​ $ 710 ​ $ 365 ​ $ 2,919 ​ $ 3,994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill at October 29, 2023 ​ $ 702 ​ $ 363 ​ $ 2,835 ​ $ 3,900 ​ Translation adjustments ​ ​ (1) ​ ​ 2 ​ ​ 59 ​ ​ 60 ​ Goodwill at July 28, 2024 ​ $ 701 ​ $ 365 ​ $ 2,894 ​ $ 3,960 ​
Components of Other Intangible Assets	The components of other intangible assets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Customer lists and relationships ​ $ 507 ​ $ 501 ​ $ 524 ​ Technology, patents, trademarks, and other ​ ​ 1,413 ​ 1,387 ​ 1,415 ​ Total at cost ​ ​ 1,920 ​ 1,888 ​ 1,939 ​ Less accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and relationships ​ ​ 222 ​ ​ 195 ​ ​ 201 ​ Technology, patents, trademarks, and other ​ ​ 668 ​ ​ 560 ​ ​ 539 ​ Total accumulated amortization ​ ​ 890 ​ ​ 755 ​ ​ 740 ​ Other intangible assets – net ​ $ 1,030 ​ $ 1,133 ​ $ 1,199 ​

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	9 Months Ended
	Jul. 28, 2024
SHORT-TERM BORROWINGS
Short-Term Borrowings	Short-term borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ 2024 2023 2023 ​ Commercial paper ​ $ 5,572 ​ $ 9,100 ​ $ 9,003 ​ Notes payable to banks ​ ​ 418 ​ ​ 483 ​ ​ 352 ​ Finance lease obligations due within one year ​ ​ 31 ​ ​ 25 ​ ​ 23 ​ Long-term borrowings due within one year ​ 9,273 ​ 8,331 ​ 7,765 ​ Short-term borrowings ​ $ 15,294 ​ $ 17,939 ​ $ 17,143 ​

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Jul. 28, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 ​ Accounts payable: ​ Trade payables ​ $ 2,580 $ 3,467 $ 3,308 ​ Dividends payable ​ 407 ​ 388 ​ 365 ​ Operating lease liabilities ​ ​ 258 ​ ​ 281 ​ ​ 308 ​ Deposits withheld from dealers and merchants ​ ​ 151 ​ ​ 163 ​ ​ 158 ​ Payables to unconsolidated affiliates ​ ​ 4 ​ ​ 6 ​ ​ 4 ​ Other ​ 173 ​ 153 ​ 173 ​ Accrued expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee benefits ​ 1,802 ​ 2,152 ​ 1,808 ​ Product warranties ​ 1,513 ​ 1,610 ​ 1,619 ​ Accrued taxes ​ ​ 1,497 ​ ​ 1,558 ​ ​ 1,595 ​ Derivative liabilities ​ ​ 582 ​ ​ 1,130 ​ ​ 948 ​ Dealer sales discounts ​ 846 ​ 1,243 ​ 902 ​ Extended warranty premium ​ ​ 1,129 ​ ​ 1,021 ​ ​ 999 ​ Unearned revenue (contractual liability) ​ 766 ​ 676 ​ 754 ​ Unearned operating lease revenue ​ ​ 480 ​ ​ 451 ​ ​ 428 ​ Accrued interest ​ ​ 478 ​ ​ 434 ​ ​ 402 ​ Parts return liability ​ ​ 404 ​ ​ 392 ​ ​ 378 ​ Other ​ 1,327 ​ 1,005 ​ 1,191 ​ Accounts payable and accrued expenses $ 14,397 $ 16,130 ​ $ 15,340 ​ Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,535 at July 28, 2024, $2,228 at October 29, 2023, and $2,240 at July 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

LONG-TERM BORROWINGS (Tables)

LONG-TERM BORROWINGS (Tables)	9 Months Ended
	Jul. 28, 2024
LONG-TERM BORROWINGS
Long-Term Borrowings	Long-term borrowings consisted of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ ​ 2024 2023 2023 ​ Underwritten term debt ​ ​ ​ ​ ​ ​ ​ U.S. dollar notes and debentures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2.75% notes due 2025 ​ ​ ​ ​ $ 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.85% notes due 2028 (€600 principal) ​ ​ 651 ​ ​ 634 ​ ​ 659 ​ 2.20% notes due 2032 (€600 principal) ​ ​ 651 ​ ​ 634 ​ ​ 659 ​ 1.65% notes due 2039 (€650 principal) ​ ​ 705 ​ ​ 687 ​ ​ 713 ​ Serial issuances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Medium-term notes ​ 36,057 ​ ​ 29,638 ​ ​ 29,355 ​ Other notes and finance lease obligations ​ 232 ​ 1,769 ​ 1,605 ​ Less debt issuance costs and debt discounts ​ ​ (154) ​ ​ (135) ​ ​ (129) ​ Long-term borrowings $ 42,692 ​ $ 38,477 ​ $ 38,112 ​ Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. The principal balances of the medium-term notes were $36,716, $30,902, and $30,348, at July 28, 2024, October 29, 2023, and July 30, 2023, respectively. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

LEASES - LESSOR (Tables)

LEASES - LESSOR (Tables)	9 Months Ended
	Jul. 28, 2024
LEASES - LESSOR
Schedule of Lease Revenues Earned	Lease revenues earned by us follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ Sales-type and direct finance lease revenues ​ $ 50 ​ $ 41 ​ $ 141 ​ $ 120 ​ Operating lease revenues ​ ​ 358 ​ ​ 332 ​ ​ 1,039 ​ ​ 974 ​ Variable lease revenues ​ ​ 4 ​ ​ ​ ​ ​ 13 ​ ​ 11 ​ Total lease revenues ​ $ 412 ​ $ 373 ​ $ 1,193 ​ $ 1,105 ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Jul. 28, 2024
COMMITMENTS AND CONTINGENCIES
Warranty Reconciliation	The reconciliation of the changes in the warranty liability follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Beginning of period balance $ 1,566 $ 1,562 $ 1,610 $ 1,427 ​ Warranty claims paid ​ ​ (325) ​ (314) ​ ​ (959) ​ (851) ​ New product warranty accruals ​ ​ 280 ​ 363 ​ ​ 871 ​ 1,006 ​ Foreign exchange ​ ​ (8) ​ 8 ​ ​ (9) ​ 37 ​ End of period balance ​ $ 1,513 ​ $ 1,619 ​ $ 1,513 ​ $ 1,619 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jul. 28, 2024
FAIR VALUE MEASUREMENTS
Fair Values of Financial Instruments	The fair values of financial instruments that do not approximate the carrying values were as follows. Long-term borrowings exclude finance lease liabilities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ October 29, 2023 ​ July 30, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Carrying ​ Fair Financing receivables – net ​ $ 43,896 ​ $ 43,713 ​ $ 43,673 ​ $ 42,777 ​ $ 41,302 ​ $ 40,675 ​ Financing receivables securitized – net ​ ​ 8,274 ​ ​ 8,139 ​ ​ 7,335 ​ ​ 7,056 ​ ​ 7,001 ​ ​ 6,818 ​ Short-term securitization borrowings ​ ​ 7,869 ​ ​ 7,872 ​ ​ 6,995 ​ ​ 6,921 ​ ​ 6,608 ​ ​ 6,538 ​ Long-term borrowings due within one year ​ ​ 9,273 ​ ​ 9,190 ​ ​ 8,331 ​ ​ 8,156 ​ ​ 7,765 ​ ​ 7,568 ​ Long-term borrowings ​ ​ 42,617 ​ ​ 42,076 ​ ​ 38,428 ​ ​ 36,873 ​ ​ 38,064 ​ ​ 37,121 ​ 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 follow, excluding our cash equivalents, which were carried at a cost that approximates fair value and consisted of money market funds and time deposits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28 October 29 July 30 ​ ​ 2024 ​ 2023 ​ 2023 Level 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ International equity securities ​ ​ ​ ​ $ 3 ​ $ 3 ​ International mutual funds securities ​ ​ ​ ​ ​ 101 ​ ​ ​ ​ U.S. equity fund ​ ​ ​ ​ ​ 86 ​ ​ 101 ​ U.S. fixed income fund ​ ​ ​ ​ 32 ​ 85 ​ U.S. government debt securities ​ $ 413 ​ 78 ​ 63 ​ Total Level 1 marketable securities ​ ​ 413 ​ ​ 300 ​ ​ 252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate debt securities ​ ​ 220 ​ 244 ​ 221 ​ International debt securities ​ ​ 145 ​ ​ 1 ​ ​ 2 ​ Mortgage-backed securities ​ ​ 154 ​ 185 ​ 163 ​ Municipal debt securities ​ ​ 69 ​ 75 ​ 69 ​ U.S. government debt securities ​ ​ 127 ​ ​ 141 ​ ​ 134 ​ Total Level 2 marketable securities ​ ​ 715 ​ 646 ​ 589 ​ Other assets – Derivatives ​ 361 ​ ​ 292 ​ ​ 324 ​ Accounts payable and accrued expenses – Derivatives ​ 582 ​ ​ 1,130 ​ ​ 948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses – Deferred consideration ​ ​ 153 ​ ​ 186 ​ ​ 202 ​ The mortgage-backed securities are primarily issued by U.S. government-sponsored enterprises.
Contractual Maturities of Debt Securities	The contractual maturities of available-for-sale debt securities at July 28, 2024 follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair ​ ​ Cost ​ Value Due in one year or less $ 21 ​ $ 21 ​ Due after one through five years ​ ​ 299 ​ ​ 258 ​ Due after five through 10 years ​ ​ 557 ​ ​ 540 ​ Due after 10 years ​ ​ 185 ​ ​ 155 ​ Mortgage-backed securities ​ ​ 182 ​ ​ 154 ​ Debt securities $ 1,244 $ 1,128 ​ Actual maturities may differ from contractual maturities because some securities may be called or prepaid. Mortgage-backed securities contain prepayment provisions and are not categorized by contractual maturity.
Fair Value, Nonrecurring Level 3 Measurements from Impairments	Fair value, nonrecurring Level 3 measurements from impairments were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Losses ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ July 28 ​ October 29 ​ July 30 ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 2023 2023 2024 2023 2024 2023 Assets held for sale ​ $ 2,965 ​ ​ ​ ​ ​ ​ ​ $ 53 ​ ​ ​ ​ $ 53 ​ ​ ​ ​

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Jul. 28, 2024
DERIVATIVE INSTRUMENTS
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of our derivative instruments and the associated notional amounts were as follows. Assets are recorded in “Other assets,” while liabilities are recorded in “Accounts payable and accrued expenses.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 28, 2024 ​ October 29, 2023 ​ July 30, 2023 ​ ​ ​ ​ Fair Value ​ ​ ​ Fair Value ​ ​ ​ Fair Value ​ ​ Notional ​ Assets ​ Liabilities ​ Notional ​ Assets ​ Liabilities ​ Notional ​ Assets ​ Liabilities Cash flow hedges: Interest rate contracts $ 3,475 ​ $ 14 ​ $ 18 $ 1,500 ​ $ 45 ​ ​ ​ $ 1,500 ​ $ 48 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 15,165 ​ ​ 119 ​ ​ 486 ​ ​ 12,691 ​ ​ ​ ​ $ 970 ​ ​ 12,160 ​ ​ 4 ​ ​ 729 ​ Cross-currency interest rate contracts ​ ​ 975 ​ ​ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ ​ 13,656 ​ ​ 103 ​ ​ 59 ​ ​ 13,853 ​ ​ 169 ​ ​ 98 ​ ​ 13,233 ​ ​ 221 ​ ​ 109 ​ Foreign exchange contracts ​ ​ 7,529 ​ ​ 99 ​ ​ 16 ​ ​ 8,117 ​ 75 ​ 54 ​ ​ 8,630 ​ 51 ​ 82 ​ Cross-currency interest rate contracts ​ ​ 190 ​ ​ 10 ​ ​ 3 ​ ​ 176 ​ 3 ​ 8 ​ ​ 155 ​ ​ ​ 25 ​
Amounts Recorded in the Consolidated Balance Sheets Related to Borrowings Designated in Fair Value Hedging Relationships	The amounts recorded in the consolidated balance sheets related to borrowings designated in fair value hedging relationships were as follows. 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 ​ July 28, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ $ 286 ​ $ (4) ​ $ 1,458 ​ $ 9 ​ Long-term borrowings ​ ​ 15,386 ​ ​ (394) ​ ​ 8,414 ​ ​ (264) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 1,814 ​ $ 15 ​ Long-term borrowings ​ $ 11,660 ​ $ (976) ​ ​ 7,144 ​ ​ (288) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ ​ ​ ​ ​ ​ $ 2,324 ​ $ 25 ​ Long-term borrowings ​ $ 11,379 ​ $ (728) ​ ​ 6,319 ​ ​ (265) ​
Gains (Losses) Related to Derivative Instruments on Statements 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ July 28 ​ July 30 ​ July 28 ​ July 30 ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 Fair Value Hedges ​ ​ ​ ​ Interest rate contracts – Interest expense* $ 373 ​ $ (375) $ 269 ​ $ (146) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized in OCI: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – OCI (pretax) ​ $ (15) ​ $ 24 ​ $ 3 ​ $ 19 ​ Reclassified from OCI: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense ​ ​ 22 ​ 18 ​ ​ 49 ​ 52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not Designated as Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Net sales ​ ​ ​ ​ $ 6 ​ ​ ​ ​ ​ ​ ​ Interest rate contracts – Interest expense* $ 4 ​ ​ 48 $ 2 ​ $ 45 ​ Foreign exchange contracts – Net sales ​ ​ (3) ​ ​ 3 ​ ​ ​ ​ ​ 2 ​ Foreign exchange contracts – Cost of sales ​ ​ 36 ​ (78) ​ ​ 15 ​ ​ (14) ​ Foreign exchange contracts – Other operating expenses* ​ ​ 17 ​ (142) ​ ​ (118) ​ (157) ​ Total not designated $ 54 ​ $ (163) $ (101) ​ $ (124) ​ ​ * Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.
Impact on Derivative Assets and Liabilities Related to Netting Arrangements and Collateral	Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities related to netting arrangements and collateral follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Netting ​ ​ ​ ​ ​ ​ Recognized Arrangements Collateral Net Amount July 28, 2024 ​ Assets $ 361 $ (154) ​ ​ $ 207 ​ Liabilities ​ ​ 582 ​ ​ (154) ​ $ (269) ​ ​ 159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 29, 2023 ​ ​ ​ ​ Assets ​ $ 292 $ (152) ​ ​ $ 140 ​ Liabilities ​ ​ 1,130 ​ (152) ​ $ (659) ​ ​ 319 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 324 $ (160) $ (28) ​ $ 136 ​ Liabilities ​ 948 ​ ​ (160) ​ ​ (435) ​ 353 ​

SHARE-BASED AWARDS (Tables)

SHARE-BASED AWARDS (Tables)	9 Months Ended
	Jul. 28, 2024
SHARE-BASED AWARDS
Restricted Stock Units Granted and Weighted-Average Grant Date Fair Values	During the nine months ended July 28, 2024, the restricted stock units (RSUs) granted in thousands of shares and the weighted-average grant date fair values, using the closing price of our common stock on the grant date, in dollars follow: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Date ​ ​ ​ Shares ​ Fair Value ​ Service-based 378 $ 377.37 Performance/service-based ​ 52 ​ ​ 360.53 ​ Market/service-based ​ 52 ​ ​ 370.87 ​

SPECIAL ITEMS (Tables)

SPECIAL ITEMS (Tables)	9 Months Ended
	Jul. 28, 2024
SPECIAL ITEMS
Schedule of Employee-Separation Programs' Pretax Expenses	The programs’ total pretax expenses are estimated to be approximately $150, with $124 recorded in the third quarter of 2024. The remaining expenses are expected to be recorded primarily in 2025. Payments made during the third quarter of 2024 with respect to these program expenses totaled $30. The expenses for the three months and nine months ended July 28, 2024 were recorded as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PPA SAT CF FS Total ​ Employee-Separation Programs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of sales ​ $ 18 ​ $ 9 ​ $ 8 ​ ​ ​ ​ $ 35 ​ Research and development expenses ​ ​ 19 ​ ​ 6 ​ ​ 1 ​ ​ ​ ​ ​ 26 ​ Selling, administrative and general expenses ​ ​ 25 ​ ​ 14 ​ ​ 11 ​ $ 9 ​ ​ 59 ​ Total operating profit decrease ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ ​ 120 ​ Non-operating profit expenses* ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4 ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 124 ​ * Relates primarily to corporate expenses.
Schedule of Consolidated Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables	The major classes of the total consolidated assets and liabilities of BJD that were classified as held for sale and liabilities of BJD to other intercompany parties were as follows: ​ ​ ​ ​ ​ ​ ​ July 28 ​ ​ ​ 2024 ​ Cash and cash equivalents ​ $ 107 ​ Trade accounts and notes receivable – net ​ ​ 231 ​ Financing receivables – net ​ ​ 2,624 ​ Deferred income taxes ​ ​ 42 ​ Other miscellaneous assets* ​ ​ 14 ​ Valuation allowance ​ ​ (53) ​ Total assets held for sale ​ $ 2,965 ​ ​ ​ ​ ​ ​ Short-term borrowings ​ ​ 563 ​ Accounts payable and accrued expenses ​ ​ 101 ​ Long-term borrowings ​ ​ 1,137 ​ Retirement benefits and other liabilities ​ ​ 2 ​ Total liabilities held for sale ​ $ 1,803 ​ ​ ​ ​ ​ ​ Total intercompany payables ​ $ 673 ​ * Includes $1 restricted cash balance.
Schedule of Special Items	The following table summarizes the operating profit impact of the special items recorded for the three months and nine months ended July 28, 2024 and July 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ PPA SAT CF FS Total ​ PPA ​ SAT CF FS Total ​ 2024 Expense: ​ Employee-separation programs ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ $ 120 ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 9 ​ $ 120 ​ BJD remeasurement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15 ​ ​ 15 ​ Total 2024 expense ​ ​ 62 ​ ​ 29 ​ ​ 20 ​ ​ 24 ​ ​ 135 ​ ​ 62 ​ ​ 29 ​ ​ 20 ​ ​ 24 ​ ​ 135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 Expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing incentives correction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 173 ​ ​ 173 ​ Period over period change ​ $ 62 ​ $ 29 ​ $ 20 ​ $ 24 ​ $ 135 ​ $ 62 ​ $ 29 ​ $ 20 ​ $ (149) ​ $ (38) ​ ​

ORGANIZATION AND CONSOLIDATION

ORGANIZATION AND CONSOLIDATION (Details)	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
ORGANIZATION AND CONSOLIDATION
Fiscal period duration	91 days	91 days	273 days	273 days

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Details)	Jul. 28, 2024
ASU 2022-04
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2022-02
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2022-01
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2021-08
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
ASU 2023-09
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-07
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-06
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-05
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2022-03
NEW ACCOUNTING PRONOUNCEMENTS
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false

REVENUE RECOGNITION - Primary G

REVENUE RECOGNITION - Primary Geographic Market, Major Product Line, and Timing (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Revenue Recognition
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	11,531	14,423	35,952	42,157
Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	1,621	1,378	4,620	3,682
Production Agriculture
Revenue Recognition
Net sales	5,038	6,721	16,336	19,565
Small Agriculture
Revenue Recognition
Net sales	2,168	2,688	5,984	7,835
Turf
Revenue Recognition
Net sales	825	964	2,491	2,782
Construction
Revenue Recognition
Net sales	1,308	1,745	4,528	5,040
Compact Construction
Revenue Recognition
Net sales	643	614	1,964	1,750
Roadbuilding
Revenue Recognition
Net sales	961	987	2,804	2,939
Forestry
Revenue Recognition
Net sales	269	334	832	1,119
Financial Products
Revenue Recognition
Financial	1,595	1,360	4,557	3,630
Other
Revenue Recognition
Other net sales and revenues	345	388	1,076	1,179
United States
Revenue Recognition
Net sales and revenues	7,706	8,698	24,056	25,230
Canada
Revenue Recognition
Net sales and revenues	1,070	1,029	3,140	3,150
Western Europe
Revenue Recognition
Net sales and revenues	1,560	2,091	4,838	5,719
Central Europe and CIS
Revenue Recognition
Net sales and revenues	389	491	1,197	1,606
Latin America
Revenue Recognition
Net sales and revenues	1,365	2,034	4,077	6,099
Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	1,062	1,458	3,264	4,035
Production & Precision Ag (PPA)
Revenue Recognition
Net sales and revenues	5,242	6,972	16,964	20,186
Production & Precision Ag (PPA) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	5,143	6,857	16,707	19,965
Production & Precision Ag (PPA) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	99	115	257	221
Production & Precision Ag (PPA) | Production Agriculture
Revenue Recognition
Net sales	5,038	6,721	16,336	19,565
Production & Precision Ag (PPA) | Financial Products
Revenue Recognition
Financial	65	89	164	149
Production & Precision Ag (PPA) | Other
Revenue Recognition
Other net sales and revenues	139	162	464	472
Production & Precision Ag (PPA) | United States
Revenue Recognition
Net sales and revenues	2,839	3,394	9,441	10,079
Production & Precision Ag (PPA) | Canada
Revenue Recognition
Net sales and revenues	489	397	1,475	1,303
Production & Precision Ag (PPA) | Western Europe
Revenue Recognition
Net sales and revenues	522	833	1,684	2,092
Production & Precision Ag (PPA) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	201	302	655	897
Production & Precision Ag (PPA) | Latin America
Revenue Recognition
Net sales and revenues	841	1,326	2,510	4,106
Production & Precision Ag (PPA) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	350	720	1,199	1,709
Small Ag & Turf (SAT)
Revenue Recognition
Net sales and revenues	3,128	3,806	8,873	11,061
Small Ag & Turf (SAT) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	3,084	3,769	8,753	10,970
Small Ag & Turf (SAT) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	44	37	120	91
Small Ag & Turf (SAT) | Small Agriculture
Revenue Recognition
Net sales	2,168	2,688	5,984	7,835
Small Ag & Turf (SAT) | Turf
Revenue Recognition
Net sales	825	964	2,491	2,782
Small Ag & Turf (SAT) | Financial Products
Revenue Recognition
Financial	33	28	91	66
Small Ag & Turf (SAT) | Other
Revenue Recognition
Other net sales and revenues	102	126	307	378
Small Ag & Turf (SAT) | United States
Revenue Recognition
Net sales and revenues	1,824	2,098	5,011	6,005
Small Ag & Turf (SAT) | Canada
Revenue Recognition
Net sales and revenues	207	179	492	514
Small Ag & Turf (SAT) | Western Europe
Revenue Recognition
Net sales and revenues	542	802	1,747	2,254
Small Ag & Turf (SAT) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	70	85	223	420
Small Ag & Turf (SAT) | Latin America
Revenue Recognition
Net sales and revenues	125	220	326	577
Small Ag & Turf (SAT) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	360	422	1,074	1,291
Construction & Forestry (CF)
Revenue Recognition
Net sales and revenues	3,293	3,795	10,476	11,217
Construction & Forestry (CF) | Revenue Recognized at a Point in Time
Revenue Recognition
Net sales and revenues	3,269	3,767	10,395	11,142
Construction & Forestry (CF) | Revenue Recognized Over Time
Revenue Recognition
Net sales and revenues	24	28	81	75
Construction & Forestry (CF) | Construction
Revenue Recognition
Net sales	1,308	1,745	4,528	5,040
Construction & Forestry (CF) | Compact Construction
Revenue Recognition
Net sales	643	614	1,964	1,750
Construction & Forestry (CF) | Roadbuilding
Revenue Recognition
Net sales	961	987	2,804	2,939
Construction & Forestry (CF) | Forestry
Revenue Recognition
Net sales	269	334	832	1,119
Construction & Forestry (CF) | Financial Products
Revenue Recognition
Financial	8	15	43	40
Construction & Forestry (CF) | Other
Revenue Recognition
Other net sales and revenues	104	100	305	329
Construction & Forestry (CF) | United States
Revenue Recognition
Net sales and revenues	1,967	2,346	6,563	6,807
Construction & Forestry (CF) | Canada
Revenue Recognition
Net sales and revenues	183	288	635	865
Construction & Forestry (CF) | Western Europe
Revenue Recognition
Net sales and revenues	432	421	1,263	1,278
Construction & Forestry (CF) | Central Europe and CIS
Revenue Recognition
Net sales and revenues	106	98	291	263
Construction & Forestry (CF) | Latin America
Revenue Recognition
Net sales and revenues	305	371	895	1,098
Construction & Forestry (CF) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Net sales and revenues	300	271	829	906
Financial Services (FS)
Revenue Recognition
Financial	1,489	1,228	4,259	3,375
Financial Services (FS) | Revenue Recognized at a Point in Time
Revenue Recognition
Financial	35	30	97	80
Financial Services (FS) | Revenue Recognized Over Time
Revenue Recognition
Financial	1,454	1,198	4,162	3,295
Financial Services (FS) | Financial Products
Revenue Recognition
Financial	1,489	1,228	4,259	3,375
Financial Services (FS) | United States
Revenue Recognition
Financial	1,076	860	3,041	2,339
Financial Services (FS) | Canada
Revenue Recognition
Financial	191	165	538	468
Financial Services (FS) | Western Europe
Revenue Recognition
Financial	64	35	144	95
Financial Services (FS) | Central Europe and CIS
Revenue Recognition
Financial	12	6	28	26
Financial Services (FS) | Latin America
Revenue Recognition
Financial	94	117	346	318
Financial Services (FS) | Asia, Africa, Oceania, and Middle East
Revenue Recognition
Financial	$ 52	$ 45	$ 162	$ 129

REVENUE RECOGNITION - Deferred

REVENUE RECOGNITION - Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Deferred Revenue
Deferred revenue received	$ 1,895	$ 1,753	$ 1,895	$ 1,753	$ 1,697
Revenue recognized from deferred revenue	$ 126	$ 96	$ 484	$ 440

REVENUE RECOGNITION - Unsatisfi

REVENUE RECOGNITION - Unsatisfied Performance Obligations (Details) $ in Millions	Jul. 28, 2024 USD ($)
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 1,677
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-29
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 188
Period estimated revenue to be recognized	3 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	$ 456
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	$ 384
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	$ 254
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	$ 157
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	$ 128
Period estimated revenue to be recognized	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-10-29
Unsatisfied performance obligations
Unsatisfied performance obligations for contracts with an original duration greater than one year	$ 110
Period estimated revenue to be recognized	24 months

OTHER COMPREHENSIVE INCOME IT_3

OTHER COMPREHENSIVE INCOME ITEMS - After-Tax Components (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ 23,062	$ 21,785	$ 23,048
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(3,368)	(3,114)	(2,411)
Retirement Benefits Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(974)	(845)	(656)
Cumulative Translation Adjustment
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(2,264)	(2,151)	(1,669)
Unrealized Gain (Loss) on Derivatives
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	(44)	(8)	(5)
Unrealized Gain (Loss) on Debt Securities
Accumulated other comprehensive income (loss)
Total accumulated other comprehensive income (loss)	$ (86)	$ (110)	$ (81)

OTHER COMPREHENSIVE INCOME IT_4

OTHER COMPREHENSIVE INCOME ITEMS - Amounts Recorded in and Reclassifications out of (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Other Comprehensive Income (Loss), Before Tax
Interest expense	$ (840)	$ (623)	$ (2,478)	$ (1,671)
Other operating expenses	(264)	(310)	(930)	(971)
Total other comprehensive income (loss), before tax	(206)	121	(306)	550
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit	9	6	52	95
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	(197)	127	(254)	645
Cumulative Translation Adjustment
Other Comprehensive Income (Loss), Before Tax
Total other comprehensive income (loss), before tax	(170)	143	(114)	914
Other Comprehensive Income (Loss), Tax (Expense) Credit
Total other comprehensive income (loss), tax (expense) credit		1	1	11
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss), net of income taxes	(170)	144	(113)	925
Unrealized Gain (Loss) on Derivatives
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(15)	24	3	19
Total other comprehensive income (loss), before tax	(37)	6	(46)	(33)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	3	(5)		(4)
Total other comprehensive income (loss), tax (expense) credit	8	(1)	10	7
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(12)	19	3	15
Other comprehensive income (loss), net of income taxes	(29)	5	(36)	(26)
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	(22)	(18)	(49)	(52)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	5	4	10	11
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(17)	(14)	(39)	(41)
Unrealized Gain (Loss) on Debt Securities
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	29	(16)	17	17
Total other comprehensive income (loss), before tax	29	(16)	25	17
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	(6)	3	1	(4)
Total other comprehensive income (loss), tax (expense) credit	(6)	3	(1)	(4)
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	23	(13)	18	13
Other comprehensive income (loss), net of income taxes	23	(13)	24	13
Unrealized Gain (Loss) on Debt Securities | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other income			8
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit			(2)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax			6
Retirement Benefits Adjustment
Other Comprehensive Income (Loss), Before Tax
Other comprehensive income (loss) before reclassification, before tax	(19)	(1)	(145)	(351)
Total other comprehensive income (loss), before tax	(28)	(12)	(171)	(348)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Other comprehensive income (loss) before reclassification, tax (expense) credit	5		35	83
Total other comprehensive income (loss), tax (expense) credit	7	3	42	81
Other Comprehensive Income (Loss), After Tax
Other comprehensive income (loss) before reclassification, after tax	(14)	(1)	(110)	(268)
Other comprehensive income (loss), net of income taxes	(21)	(9)	(129)	(267)
Actuarial (Gain) Loss | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	(18)	(20)	(54)	(61)
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	4	5	14	15
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	(14)	(15)	(40)	(46)
Prior Service (Credit) Cost | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	8	9	26	28
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	(1)	(2)	(6)	(7)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax	7	$ 7	20	21
Settlements | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Before Tax
Other operating expenses	1		2	36
Other Comprehensive Income (Loss), Tax (Expense) Credit
Reclassification from accumulated other comprehensive income, tax (expense) credit	$ (1)		(1)	(10)
Other Comprehensive Income (Loss), After Tax
Reclassification from accumulated other comprehensive income, after tax			$ 1	$ 26

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
EARNINGS PER SHARE
Net income attributable to Deere & Company	$ 1,734	$ 2,978	$ 5,855	$ 7,797
Average shares outstanding	274.5	290.8	277.1	294.4
Basic (in dollars per share)	$ 6.32	$ 10.24	$ 21.13	$ 26.48
Diluted Earnings Per Share
Average shares outstanding	274.5	290.8	277.1	294.4
Effect of dilutive stock options and restricted stock awards (in shares)	1.1	1.3	1.1	1.5
Total potential shares outstanding	275.6	292.1	278.2	295.9
Diluted (in dollars per share)	$ 6.29	$ 10.20	$ 21.04	$ 26.35
Shares excluded from EPS calculation, as antidilutive	0.4	0.2	0.3	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		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Pensions
Net Periodic (Benefit) Cost
Service cost	$ 56	$ 62	$ 171	$ 186
Interest cost	$ 136	$ 133	$ 410	$ 400
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (241)	$ (223)	$ (723)	$ (655)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial gain	$ (4)	$ (5)	$ (13)	$ (16)
Location of amortization of actuarial gain	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost	$ 9	$ 10	$ 29	$ 30
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Settlements	$ 1		$ 2	$ 36
Location of settlements	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ (43)	$ (23)	$ (124)	$ (19)
OPEB
Net Periodic (Benefit) Cost
Service cost	4	7	13	20
Interest cost	$ 44	$ 44	$ 131	$ 132
Location of interest cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Expected return on plan assets	$ (27)	$ (29)	$ (81)	$ (87)
Location of expected return on plan assets	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of actuarial gain	$ (14)	$ (15)	$ (41)	$ (45)
Location of amortization of actuarial gain	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Amortization of prior service (credit) cost	$ (1)	$ (1)	$ (3)	$ (2)
Location of amortization of prior service (credit) cost	Other operating expenses	Other operating expenses	Other operating expenses	Other operating expenses
Net (benefit) cost	$ 6	$ 6	$ 19	$ 18

PENSION AND OTHER POSTRETIREM_4

PENSION AND OTHER POSTRETIREMENT BENEFITS - Employer Contributions (Details) $ in Millions	9 Months Ended
	Jul. 28, 2024 USD ($)
Pensions
Employer Contributions
Contributed	$ 74
Expected contributions remainder of the year	26
OPEB
Employer Contributions
Contributed	118
Expected contributions remainder of the year	$ 22

SEGMENT DATA (Details)

SEGMENT DATA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Net Sales and Revenues
Net sales and revenues	$ 13,152	$ 15,801	$ 40,572	$ 45,839
% Change - Net sales and revenues	(17.00%)		(11.00%)
Operating Profit
Net income attributable to Deere & Company	$ 1,734	2,978	$ 5,855	7,797
% Change - Net income attributable to Deere & Company	(42.00%)		(25.00%)
Identifiable Assets
Total Assets	$ 107,841	103,397	$ 107,841	103,397	$ 104,087
Operating Segments (Other)
Reconciling items	$ 62	98	$ 111	29
% Change - Reconciling items	(37.00%)		283%
Income taxes	$ (625)	(636)	$ (1,845)	(2,164)
% Change - Income taxes	(2.00%)		(15.00%)
Operating Segment
Operating Profit
Total operating profit	$ 2,297	3,516	$ 7,589	9,932
% Change - Operating profit	(35.00%)		(24.00%)
Corporate
Identifiable Assets
Total Assets	$ 12,902	13,127	$ 12,902	13,127	13,134
Other Revenues
Net Sales and Revenues
Other revenues	$ 276	289	$ 829	699
% Change - Other revenues	(4.00%)		19%
Production & Precision Ag (PPA)
Net Sales and Revenues
Net sales and revenues	$ 5,242	6,972	$ 16,964	20,186
Production & Precision Ag (PPA) | Operating Segment
Net Sales and Revenues
Intersegment sales and revenues	$ 4	9	$ 18	21
% Change - Intersegment sales and revenues	(56.00%)		(14.00%)
Operating Profit
Total operating profit	$ 1,162	1,782	$ 3,857	5,160
% Change - Operating profit	(35.00%)		(25.00%)
Identifiable Assets
Total Assets	$ 8,750	9,523	$ 8,750	9,523	8,734
Small Ag & Turf (SAT)
Net Sales and Revenues
Net sales and revenues	$ 3,128	3,806	8,873	11,061
Small Ag & Turf (SAT) | Operating Segment
Net Sales and Revenues
Intersegment sales and revenues		2	$ 2	10
% Change - Intersegment sales and revenues	(100.00%)		(80.00%)
Operating Profit
Total operating profit	$ 496	732	$ 1,393	2,028
% Change - Operating profit	(32.00%)		(31.00%)
Identifiable Assets
Total Assets	$ 4,079	4,482	$ 4,079	4,482	4,348
Construction & Forestry (CF)
Net Sales and Revenues
Net sales and revenues	3,293	3,795	10,476	11,217
Construction & Forestry (CF) | Operating Segment
Operating Profit
Total operating profit	$ 448	716	$ 1,682	2,179
% Change - Operating profit	(37.00%)		(23.00%)
Identifiable Assets
Total Assets	$ 7,129	7,415	$ 7,129	7,415	7,139
Financial Services (FS)
Net Sales and Revenues
Financial revenues	1,489	1,228	4,259	3,375
Financial Services (FS) | Operating Segment
Net Sales and Revenues
Financial revenues	$ 1,489	1,228	$ 4,259	3,375
% Change - Financial revenues	21%		26%
Intersegment sales and revenues	$ 178	217	$ 548	612
% Change - Intersegment sales and revenues	(18.00%)		(10.00%)
Operating Profit
Total operating profit	$ 191	286	$ 657	565
% Change - Operating profit	(33.00%)		16%
Identifiable Assets
Total Assets	$ 74,981	68,850	$ 74,981	68,850	$ 70,732
Net Sales
Net Sales and Revenues
Net sales and revenues	11,387	14,284	35,484	41,765
Net Sales | Production & Precision Ag (PPA) | Operating Segment
Net Sales and Revenues
Net sales	$ 5,099	6,806	$ 16,529	19,826
% Change - Net sales	(25.00%)		(17.00%)
Net Sales | Small Ag & Turf (SAT) | Operating Segment
Net Sales and Revenues
Net sales	$ 3,053	3,739	$ 8,663	10,886
% Change - Net sales	(18.00%)		(20.00%)
Net Sales | Construction & Forestry (CF) | Operating Segment
Net Sales and Revenues
Net sales	$ 3,235	$ 3,739	$ 10,292	$ 11,053
% Change - Net sales	(13.00%)		(7.00%)

FINANCING RECEIVABLES - Delinqu

FINANCING RECEIVABLES - Delinquency Status (Details)	9 Months Ended
	Jul. 28, 2024
FINANCING RECEIVABLES
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	false
Threshold for past due balances	30 days
Generally the threshold for a financing receivable to be considered non-performing	90 days
Generally the threshold when 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	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Credit Quality Analysis
Total retail customer receivables	$ 52,389		$ 48,479
Retail Customer Receivables
Credit Quality Analysis
2024 and 2023, respectively	12,748	$ 18,340	12,889
2023 and 2022, respectively	12,193	10,705	12,251
2022 and 2021, respectively	7,387	6,421	7,333
2021 and 2020, respectively	4,033	2,791	3,348
2020 and 2019, respectively	1,486	987	1,264
Prior years	486	341	481
Revolving charge accounts	4,583	4,698	4,544
Total retail customer receivables	42,916	44,283	42,110
Retail Customer Receivables | Agriculture and Turf | 30-59 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	37	62	59
2023 and 2022, respectively	90	75	85
2022 and 2021, respectively	56	39	53
2021 and 2020, respectively	28	21	26
2020 and 2019, respectively	10	9	13
Prior years	4	3	4
Revolving charge accounts	31	29	21
Total retail customer receivables	256	238	261
Retail Customer Receivables | Agriculture and Turf | 60-89 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	15	18	19
2023 and 2022, respectively	65	26	30
2022 and 2021, respectively	25	18	17
2021 and 2020, respectively	12	10	10
2020 and 2019, respectively	5	4	5
Prior years	2	2	1
Revolving charge accounts	10	9	7
Total retail customer receivables	134	87	89
Retail Customer Receivables | Agriculture and Turf | 90 Days or Greater Past Due
Credit Quality Analysis
2024 and 2023, respectively		2
2023 and 2022, respectively	1	1	1
2022 and 2021, respectively	1	3
2021 and 2020, respectively	2	3
2020 and 2019, respectively	5
Total retail customer receivables	9	9	1
Retail Customer Receivables | Agriculture and Turf | Current
Credit Quality Analysis
2024 and 2023, respectively	10,349	15,191	10,554
2023 and 2022, respectively	9,686	8,430	9,701
2022 and 2021, respectively	5,849	5,120	5,792
2021 and 2020, respectively	3,286	2,334	2,779
2020 and 2019, respectively	1,276	853	1,080
Prior years	394	280	402
Revolving charge accounts	4,409	4,526	4,388
Total retail customer receivables	35,249	36,734	34,696
Retail Customer Receivables | Agriculture and Turf | Non-performing
Credit Quality Analysis
2024 and 2023, respectively	12	30	19
2023 and 2022, respectively	101	78	80
2022 and 2021, respectively	85	62	71
2021 and 2020, respectively	59	33	36
2020 and 2019, respectively	24	22	24
Prior years	17	22	27
Revolving charge accounts	15	8	8
Total retail customer receivables	313	255	265
Retail Customer Receivables | Construction and Forestry | 30-59 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	40	49	39
2023 and 2022, respectively	59	34	46
2022 and 2021, respectively	34	27	38
2021 and 2020, respectively	14	9	13
2020 and 2019, respectively	4	4	5
Prior years	1		2
Revolving charge accounts	4	4	4
Total retail customer receivables	156	127	147
Retail Customer Receivables | Construction and Forestry | 60-89 Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	12	19	12
2023 and 2022, respectively	25	14	23
2022 and 2021, respectively	14	12	16
2021 and 2020, respectively	9	5	8
2020 and 2019, respectively	2	2	2
Prior years	1		1
Revolving charge accounts	1	2	1
Total retail customer receivables	64	54	63
Retail Customer Receivables | Construction and Forestry | 90 Days or Greater Past Due
Credit Quality Analysis
2024 and 2023, respectively	1
2023 and 2022, respectively	5	6	2
2022 and 2021, respectively	2	1	1
2021 and 2020, respectively	2		1
Prior years	1	1
Total retail customer receivables	11	8	4
Retail Customer Receivables | Construction and Forestry | Current
Credit Quality Analysis
2024 and 2023, respectively	2,261	2,927	2,167
2023 and 2022, respectively	2,067	1,961	2,200
2022 and 2021, respectively	1,249	1,084	1,284
2021 and 2020, respectively	583	353	449
2020 and 2019, respectively	147	84	124
Prior years	60	29	39
Revolving charge accounts	111	119	114
Total retail customer receivables	6,478	6,557	6,377
Retail Customer Receivables | Construction and Forestry | Non-performing
Credit Quality Analysis
2024 and 2023, respectively	21	42	20
2023 and 2022, respectively	94	80	83
2022 and 2021, respectively	72	55	61
2021 and 2020, respectively	38	23	26
2020 and 2019, respectively	13	9	11
Prior years	6	4	5
Revolving charge accounts	2	1	1
Total retail customer receivables	$ 246	$ 214	$ 207

FINANCING RECEIVABLES - Wholesa

FINANCING RECEIVABLES - Wholesale Receivables Credit Quality Analysis (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Credit Quality Analysis
Total wholesale receivables	$ 52,389		$ 48,479
Wholesale Receivables
Credit Quality Analysis
2024 and 2023, respectively	571	$ 654	469
2023 and 2022, respectively	244	98	145
2022 and 2021, respectively	40	41	51
2021 and 2020, respectively	26	4	8
2020 and 2019, respectively	1	2	2
Prior years	2	236	2
Revolving	8,589	5,887	5,692
Total wholesale receivables	9,473	6,922	6,369
Wholesale Receivables | Agriculture and Turf | 30+ Days Past Due
Credit Quality Analysis
2024 and 2023, respectively	1
Total wholesale receivables	1
Wholesale Receivables | Agriculture and Turf | Current
Credit Quality Analysis
2024 and 2023, respectively	557	631	449
2023 and 2022, respectively	232	93	139
2022 and 2021, respectively	36	21	28
2021 and 2020, respectively	7	4	7
2020 and 2019, respectively	1	1	1
Prior years	1	160	1
Revolving	7,326	5,175	4,940
Total wholesale receivables	8,160	6,085	5,565
Wholesale Receivables | Agriculture and Turf | Non-performing
Credit Quality Analysis
2020 and 2019, respectively		1	1
Prior years	1
Total wholesale receivables	1	1	1
Wholesale Receivables | Construction and Forestry | 30+ Days Past Due
Credit Quality Analysis
Revolving	3
Total wholesale receivables	3
Wholesale Receivables | Construction and Forestry | Current
Credit Quality Analysis
2024 and 2023, respectively	13	23	20
2023 and 2022, respectively	12	5	6
2022 and 2021, respectively	4	20	23
2021 and 2020, respectively	19		1
Prior years		76	1
Revolving	1,260	712	752
Total wholesale receivables	$ 1,308	$ 836	$ 803

FINANCING RECEIVABLES - Allowan

FINANCING RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Oct. 29, 2023
Allowance:
Beginning of period balance	$ 230	$ 180	$ 197	$ 325
Provision	109	25	229	75
Provision (credit) subtotal	71		191	(67)
Write-offs	(91)	(41)	(193)	(96)
Recoveries	12	11	31	32
Translation adjustments	(3)	1	(7)	(18)
End of period balance	219	176	219	176
Financing receivables:
End of period balance	52,389	48,479	52,389	48,479
Brazil
Allowance:
Provision reversal for assets held for sale	(38)		(38)
Russia
Allowance:
Provision reversal for assets held for sale				(142)
Retail Customer Receivables
Allowance:
Write-offs			(193)
Financing receivables:
End of period balance	42,916	42,110	42,916	42,110	$ 44,283
Retail Notes & Financing Leases
Allowance:
Beginning of period balance	207	157	172	299
Provision	84	14	183	59
Provision (credit) subtotal	46		145	(83)
Write-offs	(45)	(23)	(112)	(60)
Recoveries	4	5	9	15
Translation adjustments	(3)	1	(5)	(17)
End of period balance	209	154	209	154
Financing receivables:
End of period balance	38,333	37,566	38,333	37,566
Retail Notes & Financing Leases | Brazil
Allowance:
Provision reversal for assets held for sale	(38)		(38)
Retail Notes & Financing Leases | Russia
Allowance:
Provision reversal for assets held for sale				(142)
Revolving Charge Accounts
Allowance:
Beginning of period balance	21	19	21	22
Provision	25	11	46	15
Provision (credit) subtotal	25		46	15
Write-offs	(46)	(18)	(81)	(36)
Recoveries	8	6	22	17
End of period balance	8	18	8	18
Financing receivables:
End of period balance	4,583	4,544	4,583	4,544
Wholesale Receivables
Allowance:
Beginning of period balance	2	4	4	4
Provision				1
Provision (credit) subtotal				1
Translation adjustments			(2)	(1)
End of period balance	2	4	2	4
Financing receivables:
End of period balance	$ 9,473	$ 6,369	$ 9,473	$ 6,369	$ 6,922

FINANCING RECEIVABLES - Write-o

FINANCING RECEIVABLES - Write-offs by Year of Origination (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Write-offs by Year of Origination
Total	$ 91	$ 41	$ 193	$ 96
Retail Customer Receivables
Write-offs by Year of Origination
2024			4
2023			40
2022			38
2021			14
2020			11
Prior Years			5
Revolving Charge Accounts			81
Total			193
Retail Customer Receivables | Agriculture and Turf
Write-offs by Year of Origination
2024			2
2023			17
2022			17
2021			6
2020			7
Prior Years			3
Revolving Charge Accounts			75
Total			127
Retail Customer Receivables | Construction and Forestry
Write-offs by Year of Origination
2024			2
2023			23
2022			21
2021			8
2020			4
Prior Years			2
Revolving Charge Accounts			6
Total			$ 66

FINANCING RECEIVABLES - Modific

FINANCING RECEIVABLES - Modifications (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2024	Jul. 28, 2024
Modifications
Amortized cost of modified loans	$ 23	$ 67
Modifications (as a percent)	0.04%	0.13%
30-59 Days Past Due
Modifications
Amortized cost of modified loans		$ 4
60-89 Days Past Due
Modifications
Amortized cost of modified loans		3
90 Days or Greater Past Due
Modifications
Amortized cost of modified loans		1
Current
Modifications
Amortized cost of modified loans		56
Non-performing
Modifications
Amortized cost of modified loans		$ 3

SECURITIZATION OF FINANCING R_3

SECURITIZATION OF FINANCING RECEIVABLES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Securitization of Financing Receivables
Other assets	$ 2,903	$ 2,503	$ 2,659
Total Assets	107,841	104,087	103,397
Short-term securitization borrowings	7,869	6,995	6,608
Accrued interest on borrowings - securitization transactions	14	13	15
Total liabilities related to restricted securitized assets	7,883	7,008	6,623
Securitized
Securitization of Financing Receivables
Financing receivables securitized (retail notes)	8,313	7,357	7,019
Allowance for credit losses	(39)	(22)	(18)
Other assets	178	152	153
Total Assets	$ 8,452	$ 7,487	$ 7,154

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
INVENTORIES
Inventory cost methods	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember	us-gaap:CostMethodFifoMember, us-gaap:CostMethodLifoMember
Raw materials and supplies	$ 3,586	$ 4,080	$ 4,492
Work-in-process	988	1,010	1,307
Finished goods and parts	5,689	5,435	6,164
Total FIFO value	10,263	10,525	11,963
Excess of FIFO over LIFO	2,567	2,365	2,613
Inventories	$ 7,696	$ 8,160	$ 9,350

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	$ 3,900	$ 3,687
Acquisitions		80
Translation adjustments	60	227
Goodwill - net, ending balance	3,960	3,994
Production & Precision Ag (PPA)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	702	646
Acquisitions		41
Translation adjustments	(1)	23
Goodwill - net, ending balance	701	710
Small Ag & Turf (SAT)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	363	318
Acquisitions		39
Translation adjustments	2	8
Goodwill - net, ending balance	365	365
Construction & Forestry (CF)
Changes in Amounts of Goodwill
Goodwill - net, beginning balance	2,835	2,723
Translation adjustments	59	196
Goodwill - net, ending balance	$ 2,894	$ 2,919

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Intangible Assets (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Amortized intangible assets:
Total at cost	$ 1,920	$ 1,888	$ 1,939
Total accumulated amortization	890	755	740
Other intangible assets - net	1,030	1,133	1,199
Customer Lists and Relationships
Amortized intangible assets:
Total at cost	507	501	524
Total accumulated amortization	222	195	201
Technology, Patents, Trademarks and Other
Amortized intangible assets:
Total at cost	1,413	1,387	1,415
Total accumulated amortization	$ 668	$ 560	$ 539

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Amortized Intangible Assets:
Amortization expense of other intangible assets	$ 41	$ 42	$ 124	$ 126
Amortization expense of other intangible assets - remainder of 2024	49		49
Amortization expense of other intangible assets - 2025	145		145
Amortization expense of other intangible assets - 2026	121		121
Amortization expense of other intangible assets - 2027	119		119
Amortization expense of other intangible assets - 2028	87		87
Amortization expense of other intangible assets - 2029	$ 74		$ 74

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Short-term borrowings
Short-term borrowings	$ 15,294	$ 17,939	$ 17,143
Commercial Paper
Short-term borrowings
Short-term borrowings	5,572	9,100	9,003
Notes Payable to Banks
Short-term borrowings
Short-term borrowings	418	483	352
Finance Lease Obligations Due Within One Year
Short-term borrowings
Short-term borrowings	31	25	23
Long-term Borrowings Due Within One Year
Short-term borrowings
Short-term borrowings	$ 9,273	$ 8,331	$ 7,765

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Millions	Jul. 28, 2024	Apr. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Oct. 30, 2022
Accounts payable:
Dividends payable	$ 407		$ 388	$ 365
Operating lease liabilities	$ 258		$ 281	$ 308
Location of operating lease, liability	Accounts payable and accrued expenses		Accounts payable and accrued expenses	Accounts payable and accrued expenses
Deposits withheld from dealers and merchants	$ 151		$ 163	$ 158
Other	173		153	173
Accrued expenses:
Employee benefits	1,802		2,152	1,808
Product warranties	1,513	$ 1,566	1,610	1,619	$ 1,562	$ 1,427
Accrued taxes	1,497		1,558	1,595
Derivative liabilities	582		1,130	948
Dealer sales discounts	846		1,243	902
Extended warranty premium	1,129		1,021	999
Unearned revenue (contractual liability)	766		676	754
Unearned operating lease revenue	480		451	428
Accrued interest	478		434	402
Parts return liability	404		392	378
Other	1,327		1,005	1,191
Accounts payable and accrued expenses	14,397		16,130	15,340
Eliminations | Trade Accounts and Notes Receivable
Accrued expenses:
Dealer sales incentive accruals with a right of set-off against trade receivables	2,535		2,228	2,240
Nonrelated Party
Accounts payable:
Trade payables	2,580		3,467	3,308
Related Party
Accounts payable:
Trade payables	$ 4		$ 6	$ 4

LONG-TERM BORROWINGS (Details)

LONG-TERM BORROWINGS (Details) € in Millions, $ in Millions	Jul. 28, 2024 USD ($)	Jul. 28, 2024 EUR (€)	Oct. 29, 2023 USD ($)	Oct. 29, 2023 EUR (€)	Jul. 30, 2023 USD ($)	Jul. 30, 2023 EUR (€)
Long-term borrowings
Less: debt issuance costs and debt discounts	$ (154)		$ (135)		$ (129)
Total long-term borrowings	42,692		38,477		38,112
2.75% Notes Due 2025
Long-term borrowings
Long-term borrowings, gross			$ 700		$ 700
Debt instrument, stated interest rate			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%
1.85% Notes Due 2028
Long-term borrowings
Long-term borrowings, gross	$ 651		$ 634		$ 659
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	$ 651		$ 634		$ 659
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	$ 705		$ 687		$ 713
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	$ 36,057		$ 29,638		$ 29,355
Principal amount	36,716		30,902		30,348
Other Notes and Finance Lease Obligations
Long-term borrowings
Long-term borrowings, gross	$ 232		$ 1,769		$ 1,605

LEASES - LESSOR - Lease Revenue

LEASES - LESSOR - Lease Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
LEASES - LESSOR
Sales-type and direct finance lease revenues	$ 50	$ 41	$ 141	$ 120
Operating lease revenues	358	332	1,039	974
Variable lease revenues	4		13	11
Total lease revenues	$ 412	$ 373	$ 1,193	$ 1,105

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Warranty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Warranty Liability Reconciliation
Beginning of period balance	$ 1,566	$ 1,562	$ 1,610	$ 1,427
Warranty claims paid	(325)	(314)	(959)	(851)
New product warranty accruals	280	363	871	1,006
Foreign exchange	(8)	8	(9)	37
End of period balance	$ 1,513	$ 1,619	$ 1,513	$ 1,619

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other (Details) $ in Millions	9 Months Ended
	Jul. 28, 2024 USD ($)
Long Term Purchase Commitments
Commitments for the construction and acquisition of property and equipment	$ 585
Restricted Assets and Other Miscellaneous Contingent Liabilities and Guarantees
Other miscellaneous contingent liabilities and guarantees	130
Accrued other miscellaneous contingent liabilities and guarantees	20
Other Assets
Restricted Assets and Other Miscellaneous Contingent Liabilities and Guarantees
Restricted assets	234
Guarantees, Third-party Receivables
Guarantee Obligations
Guarantee obligations maximum exposure	$ 151

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Fair Values of Financial Instruments
Short-term securitization borrowings	$ 7,869	$ 6,995	$ 6,608
Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,896	43,673	41,302
Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
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	$ 7,872	$ 6,921	$ 6,538
Long-term borrowings due within one year	9,190	8,156	7,568
Long-term borrowings	42,076	36,873	37,121
Held-to-maturity marketable security	12
Level 3 | Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,713	42,777	40,675
Level 3 | Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,139	$ 7,056	$ 6,818
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	$ 7,869	$ 6,995	$ 6,608
Long-term borrowings due within one year	9,273	8,331	7,765
Long-term borrowings	42,617	38,428	38,064
Held-to-maturity marketable security	12
Carrying Value | Unrestricted
Fair Values of Financial Instruments
Financing receivables - net	43,896	43,673	41,302
Carrying Value | Securitized
Fair Values of Financial Instruments
Financing receivables - net	$ 8,274	$ 7,335	$ 7,001
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	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities	$ 1,140	$ 946	$ 841
Derivative assets	361	292	324
Derivative liabilities	582	1,130	948
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	413
Marketable Securities		300	252
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		3	3
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | International Mutual Funds Securities
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		101
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | U.S. Equity Funds
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		86	101
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 1 | U.S. Fixed Income Fund
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Marketable Securities		32	85
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	413
Marketable Securities		78	63
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	715
Marketable Securities		646	589
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Level 2 | Other Assets
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Derivative assets	361	292	324
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	582	1,130	948
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	220
Marketable Securities		244	221
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	145
Marketable Securities		1	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	154
Marketable Securities		185	163
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	69
Marketable Securities		75	69
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	127
Marketable Securities		141	134
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	$ 153	$ 186	$ 202

FAIR VALUE MEASUREMENTS - Contr

FAIR VALUE MEASUREMENTS - Contractual Maturities of Available-for-sale Debt Securities (Details) $ in Millions	Jul. 28, 2024 USD ($)
Contractual Maturities of Debt Securities, Amortized Cost
Amortized cost, due in one year or less	$ 21
Amortized cost, due after one through five years	299
Amortized cost, due after five through 10 years	557
Amortized cost, due after 10 years	185
Amortized cost, mortgage-backed securities	182
Amortized cost, debt securities	1,244
Contractual Maturities of Debt Securities, Fair Value
Fair value, due in one year or less	21
Fair value, due after one through five years	258
Fair value, due after five through 10 years	540
Fair value, due after 10 years	155
Fair value, mortgage-backed securities	154
Fair value, debt securities	$ 1,128

FAIR VALUE MEASUREMENTS - Nonre

FAIR VALUE MEASUREMENTS - Nonrecurring Level 3 Measurements (Details) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 28, 2024 USD ($)	Jul. 28, 2024 USD ($)
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets held for sale	$ 2,965	$ 2,965
Losses, Assets held for sale		53
Fair Value, Nonrecurring Measurements | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets held for sale	2,965	2,965
Losses, Assets held for sale	$ 53	$ 53

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Values (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Fair Values of Derivative Instruments
Derivative assets	$ 361	$ 292	$ 324
Derivative liabilities	582	1,130	948
Designated as Hedging Instruments | Cash Flow Hedges | Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	3,475	1,500	1,500
Designated as Hedging Instruments | Cash Flow Hedges | Interest Rate Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	14	45	48
Designated as Hedging Instruments | Cash Flow Hedges | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	18		3
Designated as Hedging Instruments | Fair Value Hedges | Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	15,165	12,691	12,160
Designated as Hedging Instruments | Fair Value Hedges | Interest Rate Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	119		4
Designated as Hedging Instruments | Fair Value Hedges | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	486	970	729
Designated as Hedging Instruments | Fair Value Hedges | Cross-Currency Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	975
Designated as Hedging Instruments | Fair Value Hedges | Cross-Currency Interest Rate Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	16
Not Designated as Hedging Instruments | Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	13,656	13,853	13,233
Not Designated as Hedging Instruments | Interest Rate Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	103	169	221
Not Designated as Hedging Instruments | Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	59	98	109
Not Designated as Hedging Instruments | Foreign Exchange Contracts
Fair Values of Derivative Instruments
Notional	7,529	8,117	8,630
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	99	75	51
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	16	54	82
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts
Fair Values of Derivative Instruments
Notional	190	176	155
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Other Assets
Fair Values of Derivative Instruments
Derivative assets	10	3
Not Designated as Hedging Instruments | Cross-Currency Interest Rate Contracts | Accounts Payable and Accrued Expenses
Fair Values of Derivative Instruments
Derivative liabilities	$ 3	$ 8	$ 25

DERIVATIVE INSTRUMENTS - Fair_2

DERIVATIVE INSTRUMENTS - Fair Value Hedges (Details) - Fair Value Hedges - Interest Rate Contracts - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Active Hedging Relationships
Carrying Amount of Hedged Item		$ 11,660	$ 11,379
Location of hedged item		Long-term borrowings	Long-term borrowings
Short-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item	$ 286
Cumulative Fair Value Hedging Amount	(4)
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	1,458	$ 1,814	$ 2,324
Cumulative Fair Value Hedging Amount - Discontinued	9	15	25
Long-term Borrowings
Active Hedging Relationships
Carrying Amount of Hedged Item	15,386
Cumulative Fair Value Hedging Amount	(394)	(976)	(728)
Discontinued Hedging Relationships
Carrying Amount of Formerly Hedged Item	8,414	7,144	6,319
Cumulative Fair Value Hedging Amount - Discontinued	$ (264)	$ (288)	$ (265)

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains (Losses) on Statements of Consolidated Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 54	$ (163)	$ (101)	$ (124)
Interest Rate Contracts
Classification and gains (losses) including accrued interest expense related to derivative instruments
Cash flow hedges, recognized in OCI	(15)	24	3	19
Interest Rate 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)		6
Interest Rate Contracts | Interest Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Fair value hedges, gains (losses)	373	(375)	269	(146)
Cash flow hedges, reclassified from OCI	22	18	49	52
Not designated as hedges, gains (losses)	4	48	2	45
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)	(3)	3		2
Foreign Exchange Contracts | Cost of Sales
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	36	(78)	15	(14)
Foreign Exchange Contracts | Other Operating Expense
Classification and gains (losses) including accrued interest expense related to derivative instruments
Not designated as hedges, gains (losses)	$ 17	$ (142)	$ (118)	$ (157)

DERIVATIVE INSTRUMENTS - Counte

DERIVATIVE INSTRUMENTS - Counterparty Risk and Collateral (Details) - USD ($) $ in Millions	Jul. 28, 2024	Oct. 29, 2023	Jul. 30, 2023
Derivative instruments
Fair value of derivatives with credit-risk-related contingent features in a liability position	$ 566	$ 1,076	$ 865
Cash collateral posted	269	659	435
Derivative Assets
Gross amounts recognized	361	292	324
Netting arrangements	(154)	(152)	(160)
Collateral received			(28)
Net amount	207	140	136
Derivative Liabilities
Gross amounts recognized	582	1,130	948
Netting arrangements	(154)	(152)	(160)
Collateral paid	(269)	(659)	(435)
Net amount	159	319	353
International Futures Market
Derivative instruments
Collateral paid to participate in an international futures market	$ 8	$ 8	$ 8

SHARE-BASED AWARDS - Stock Opti

SHARE-BASED AWARDS - Stock Options (Details) - $ / shares shares in Thousands	1 Months Ended
	Dec. 24, 2023	Jul. 28, 2024
Share-based Awards, Aggregate Disclosures
Number of outstanding shares authorized for grant related to stock options and restricted stock units		14,900
Stock Options
Share-based Awards, Aggregate Disclosures
Options granted (in shares)	216
Options granted, exercise price (in dollars per share)	$ 377.01
Options granted, fair value (in dollars per share)	$ 98.04
Options outstanding (in shares)		1,700
Options outstanding, weighted-average exercise price (in dollars per share)		$ 228.10
Fair value assumption method used	us-gaap:BinomialModelMember

SHARE-BASED AWARDS - Restricted

SHARE-BASED AWARDS - Restricted Stock Units Granted and Weighted-Average Grant Date Fair Values (Details) - $ / shares shares in Thousands	1 Months Ended	9 Months Ended
	Dec. 24, 2023	Jul. 28, 2024
Restricted Stock Units Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		378
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 377.37
Restricted Stock Units Performance/Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		52
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 360.53
Restricted Stock Units Market/Service-Based
Share-based Awards, Aggregate Disclosures
Restricted stock units granted (in shares)		52
Restricted stock units granted, weighted-average fair value (in dollars per unit)		$ 370.87
Vesting period under share-based incentive plans	3 years
Fair value assumption method used		us-gaap:MonteCarloModelMember
Restricted Stock Units Market/Service-Based | Minimum
Share-based Awards, Aggregate Disclosures
Percent of common stock that may be awarded based on metric	0%
Restricted Stock Units Market/Service-Based | Maximum
Share-based Awards, Aggregate Disclosures
Percent of common stock that may be awarded based on metric	200%

DISPOSITION (Details)

DISPOSITION (Details) - USD ($) $ in Millions	Mar. 07, 2023	Jul. 28, 2024
Disposition
Total assets		$ 2,965
Total liabilities		$ 1,803
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 - Employee-Separa

SPECIAL ITEMS - Employee-Separation Programs (Details) - Employee-Separation Programs - USD ($) $ in Millions	3 Months Ended	9 Months Ended	18 Months Ended
	Jul. 28, 2024	Jul. 28, 2024	Nov. 02, 2025
Special Items
Employee-separation programs' pretax expenses	$ 124	$ 124
Payments for employee-separation programs	30
Operating Segment
Special Items
Employee-separation programs' pretax expenses	120	120
Operating Segment | Cost of Sales
Special Items
Employee-separation programs' pretax expenses	35	35
Operating Segment | Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	26	26
Operating Segment | Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	59	59
Operating Segment | Production & Precision Ag (PPA)
Special Items
Employee-separation programs' pretax expenses	62	62
Operating Segment | Production & Precision Ag (PPA) | Cost of Sales
Special Items
Employee-separation programs' pretax expenses	18	18
Operating Segment | Production & Precision Ag (PPA) | Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	19	19
Operating Segment | Production & Precision Ag (PPA) | Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	25	25
Operating Segment | Small Ag & Turf (SAT)
Special Items
Employee-separation programs' pretax expenses	29	29
Operating Segment | Small Ag & Turf (SAT) | Cost of Sales
Special Items
Employee-separation programs' pretax expenses	9	9
Operating Segment | Small Ag & Turf (SAT) | Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	6	6
Operating Segment | Small Ag & Turf (SAT) | Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	14	14
Operating Segment | Construction & Forestry (CF)
Special Items
Employee-separation programs' pretax expenses	20	20
Operating Segment | Construction & Forestry (CF) | Cost of Sales
Special Items
Employee-separation programs' pretax expenses	8	8
Operating Segment | Construction & Forestry (CF) | Research and Development Expenses
Special Items
Employee-separation programs' pretax expenses	1	1
Operating Segment | Construction & Forestry (CF) | Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	11	11
Operating Segment | Financial Services (FS)
Special Items
Employee-separation programs' pretax expenses	9	9
Operating Segment | Financial Services (FS) | Selling, Administrative and General Expenses
Special Items
Employee-separation programs' pretax expenses	9	9
Corporate
Special Items
Employee-separation programs' pretax expenses	$ 4	$ 4
Forecasted
Special Items
Employee-separation programs' pretax expenses			$ 150

SPECIAL ITEMS - Banco John Deer

SPECIAL ITEMS - Banco John Deere S.A. (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 25, 2024	Jul. 28, 2024	Jul. 28, 2024
Special Items
Valuation allowance on assets held for sale			$ 53
Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables
Total assets held for sale		$ 2,965	2,965
Total liabilities held for sale		1,803	1,803
Financial Services (FS) | Subsequent Events
Special Items
Percentage of ownership to be sold (as a percent)	50%
Percentage of ownership after the sale (as a percent)	50%
Sale of Banco John Deere S.A. (BJD) | Financial Services (FS) | Related Party
Special Items
Total intercompany payables		$ 673	673
Sale of Banco John Deere S.A. (BJD) | Disposal Group, Held-for-Sale, Not Discontinued Operations | Financial Services (FS)
Special Items
Percentage of ownership to be sold (as a percent)		50%
Reversal of allowance for credit losses		$ 38
Valuation allowance on assets held for sale		53
Net loss impact from sale		$ 15
Location of net loss impact from sale		Selling, administrative and general expenses
Net loss impact from sale, after-tax		$ 15
Assets and Liabilities Classified as Held for Sale and Other Intercompany Payables
Cash and cash equivalents		107	107
Trade accounts and notes receivable - net		231	231
Financing receivables - net		2,624	2,624
Deferred income taxes		42	42
Other miscellaneous assets		14	14
Valuation allowance		(53)	(53)
Total assets held for sale		2,965	2,965
Short-term borrowings		563	563
Accounts payable and accrued expenses		101	101
Long-term borrowings		1,137	1,137
Retirement benefits and other liabilities		2	2
Total liabilities held for sale		1,803	1,803
Restricted cash		$ 1	$ 1

SPECIAL ITEMS - Redeemable Nonc

SPECIAL ITEMS - Redeemable Noncontrolling Interest (Details) - SurePoint Ag Systems, Inc. $ in Millions	3 Months Ended
	Jul. 28, 2024 USD ($)
Redeemable Noncontrolling Interest
Noncontrolling interest redemption (as a percent)	20%
Noncontrolling interest redemption gain or loss	$ 0

SPECIAL ITEMS - Brazil Tax Ruli

SPECIAL ITEMS - Brazil Tax Ruling (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Special Items
Provision (credit) for income taxes	$ 625	$ 636	$ 1,845	$ 2,164
Brazil | Foreign Tax Authority
Special Items
Provision (credit) for income taxes		(243)
Interest income		$ 47

SPECIAL ITEMS - Financial Servi

SPECIAL ITEMS - Financial Services Financing Incentives Correction (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jan. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Financial Services Financing Incentives
Selling, administrative and general expenses		$ 1,278	$ 1,110	$ 3,608	$ 3,392
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 - Operating Profi

SPECIAL ITEMS - Operating Profit Impact (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Special Items
Selling, administrative and general expenses	$ 1,278	$ 1,110	$ 3,608	$ 3,392
Operating Segment
Special Items
Total 2024 expense	135		135
Period over period change	135		(38)
Operating Segment | Production & Precision Ag (PPA)
Special Items
Total 2024 expense	62		62
Period over period change	62		62
Operating Segment | Small Ag & Turf (SAT)
Special Items
Total 2024 expense	29		29
Period over period change	29		29
Operating Segment | Construction & Forestry (CF)
Special Items
Total 2024 expense	20		20
Period over period change	20		20
Operating Segment | Financial Services (FS)
Special Items
Total 2024 expense	24		24
Period over period change	24		(149)
Employee-Separation Programs
Special Items
Employee-separation programs	124		124
Employee-Separation Programs | Operating Segment
Special Items
Employee-separation programs	120		120
Employee-Separation Programs | Operating Segment | Production & Precision Ag (PPA)
Special Items
Employee-separation programs	62		62
Employee-Separation Programs | Operating Segment | Small Ag & Turf (SAT)
Special Items
Employee-separation programs	29		29
Employee-Separation Programs | Operating Segment | Construction & Forestry (CF)
Special Items
Employee-separation programs	20		20
Employee-Separation Programs | Operating Segment | Financial Services (FS)
Special Items
Employee-separation programs	9		9
BJD remeasurement | Operating Segment
Special Items
Net loss impact from sale	$ 15		$ 15
Location of net loss impact from sale	Selling, administrative and general expenses		Selling, administrative and general expenses
BJD remeasurement | Operating Segment | Financial Services (FS)
Special Items
Net loss impact from sale	$ 15		$ 15
Location of net loss impact from sale	Selling, administrative and general expenses		Selling, administrative and general expenses
Financing Incentive Correction | Operating Segment
Special Items
Selling, administrative and general expenses				173
Financing Incentive Correction | Operating Segment | Financial Services (FS)
Special Items
Selling, administrative and general expenses				$ 173

SUBSEQUENT EVENTS - Banco John

SUBSEQUENT EVENTS - Banco John Deere S.A. (Details)	1 Months Ended
	Aug. 25, 2024
Subsequent Events | Financial Services (FS)
Subsequent Events
Percentage of ownership to be sold (as a percent)	50%

SUBSEQUENT EVENTS - Quarterly D

SUBSEQUENT EVENTS - Quarterly Dividend (Details) - $ / shares	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 28, 2024	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Subsequent Events
Quarterly dividend declared (in dollars per share)		$ 1.47	$ 1.25	$ 4.41	$ 3.70
Subsequent Events | Third Quarter 2024 Dividend
Subsequent Events
Dividend declared date	Aug. 28, 2024
Quarterly dividend declared (in dollars per share)	$ 1.47
Dividend payable date	Nov. 08, 2024
Stockholders of record date	Sep. 30, 2024