CAPITAL STOCK

12 Months Ended

Nov. 01, 2020

22. CAPITAL STOCK

Changes in the common stock account in millions were as follows:


	Number of
	Shares Issued	Amount
Balance at October 29, 2017	536.4	$	4,281
Stock options and other			193
Balance at October 28, 2018	536.4		4,474
Stock options and other			168
Balance at November 3, 2019	536.4		4,642
Stock options and other			253
Balance at November 1, 2020	536.4	$	4,895

The number of common shares the company is authorized to issue is 1,200 million. The number of authorized preferred shares, none of which has been issued, is nine million.

The Board of Directors at its meeting in December 2013 authorized the repurchase of up to $8,000 million of common stock. In December 2019, the Board of Directors approved a share repurchase plan authorizing the repurchase of up to an additional $8,000 million of shares of the company’s common stock. At the end of the fiscal year, these repurchase programs had $8,339 million (36.9 million shares based on the fiscal year end closing common stock price of $225.91 per share) remaining to be repurchased. Repurchases of the company’s common stock under these plans will be made from time to time, at the company’s discretion, in the open market.

A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:


	2020		2019		2018
Net income attributable to Deere & Company	$	2,751	$	3,253	$	2,368
Average shares outstanding		313.5		316.5		322.6
Basic per share	$	8.77	$	10.28	$	7.34
Average shares outstanding		313.5		316.5		322.6
Effect of dilutive stock options		3.1		4.1		4.7
Total potential shares outstanding		316.6		320.6		327.3
Diluted per share	$	8.69	$	10.15	$	7.24

All stock options outstanding were included in the computation except .6 million in 2020, .7 million in 2019, and .4 million in 2018 that had an antidilutive effect under the treasury stock method.