REVENUE RECOGNITION (Tables)

12 Months Ended

Oct. 30, 2022

REVENUE RECOGNITION

Schedule of Revenue Recognition

The company’s net sales and revenues by primary geographic market, major product line, and timing of revenue recognition in millions of dollars follow:


		PPA			SAT			CF			FS			Total
2022
Primary geographic markets:
United States		$	10,975		$	7,741		$	7,103		$	2,419		$	28,238
Canada			1,387			676			1,238			601			3,902
Western Europe			2,188			2,478			1,576			102			6,344
Central Europe and CIS			1,207			488			545			49			2,289
Latin America			4,991			578			1,467			303			7,339
Asia, Africa, Australia, New Zealand, and Middle East			1,570			1,608			1,136			151			4,465
Total		$	22,318		$	13,569		$	13,065		$	3,625		$	52,577

Major product lines:
Production agriculture		$	21,685											$	21,685
Small agriculture					$	10,027									10,027
Turf						3,027									3,027
Construction								$	5,864						5,864
Compact construction									1,667						1,667
Roadbuilding									3,441						3,441
Forestry									1,308						1,308
Financial products			60			52			32		$	3,625			3,769
Other			573			463			753						1,789
Total		$	22,318		$	13,569		$	13,065		$	3,625		$	52,577

Revenue recognized:
At a point in time		$	22,178		$	13,493		$	12,980		$	105		$	48,756
Over time			140			76			85			3,520			3,821
Total		$	22,318		$	13,569		$	13,065		$	3,625		$	52,577


		PPA			SAT			CF			FS			Total
2021
Primary geographic markets:
United States		$	8,223		$	6,505		$	5,697		$	2,389		$	22,814
Canada			853			498			1,047			617			3,015
Western Europe			2,086			2,433			1,807			103			6,429
Central Europe and CIS			1,322			475			828			39			2,664
Latin America			2,916			456			903			247			4,522
Asia, Africa, Australia, New Zealand, and Middle East			1,417			1,679			1,331			153			4,580
Total		$	16,817		$	12,046		$	11,613		$	3,548		$	44,024

Major product lines:
Production agriculture		$	16,248											$	16,248
Small agriculture					$	8,619									8,619
Turf						2,853									2,853
Construction								$	4,684						4,684
Compact construction									1,489						1,489
Roadbuilding									3,749						3,749
Forestry									1,280						1,280
Financial products			55			46			20		$	3,548			3,669
Other			514			528			391						1,433
Total		$	16,817		$	12,046		$	11,613		$	3,548		$	44,024

Revenue recognized:
At a point in time		$	16,659		$	11,969		$	11,522		$	105		$	40,255
Over time			158			77			91			3,443			3,769
Total		$	16,817		$	12,046		$	11,613		$	3,548		$	44,024


		PPA			SAT			CF			FS			Total
2020
Primary geographic markets:
United States		$	6,889		$	5,059		$	4,548		$	2,500		$	18,996
Canada			640			350			802			598			2,390
Western Europe			1,827			1,937			1,479			90			5,333
Central Europe and CIS			898			493			646			35			2,072
Latin America			1,902			334			553			234			3,023
Asia, Africa, Australia, New Zealand, and Middle East			1,119			1,322			1,153			132			3,726
Total		$	13,275		$	9,495		$	9,181		$	3,589		$	35,540

Major product lines:
Production agriculture		$	12,662											$	12,662
Small agriculture					$	6,827									6,827
Turf						2,390									2,390
Construction								$	3,521						3,521
Compact construction									1,269						1,269
Roadbuilding									2,924						2,924
Forestry									1,100						1,100
Financial products			69			37			25		$	3,589			3,720
Other			544			241			342						1,127
Total		$	13,275		$	9,495		$	9,181		$	3,589		$	35,540

Revenue recognized:
At a point in time		$	13,106		$	9,439		$	9,071		$	106		$	31,722
Over time			169			56			110			3,483			3,818
Total		$	13,275		$	9,495		$	9,181		$	3,589		$	35,540

Schedule of Unsatisfied Performance Obligations, Estimated Revenue to be Recognized by Fiscal Year

The total amount of unsatisfied performance obligations for contracts with an original duration greater than one year and the estimated revenue to be recognized by fiscal year at October 30, 2022 follows in millions of dollars:


Year		Net Sales and Revenues
2023		$	336
2024			319
2025			230
2026			131
2027			84
Later years			124
Total		$	1,224