| SEGMENT REPORTING |
(7) Segment Reporting Worldwide net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | July 30 | | July 31 | | % | | July 30 | | July 31 | | % | | | | 2023 | | 2022 | | Change | | 2023 | | 2022 | | Change | | Net sales and revenues: | | | | | | | | | | | | | | | | | | Production & precision ag net sales | | $ | 6,806 | | $ | 6,096 | | +12 | | $ | 19,826 | | $ | 14,568 | | +36 | | Small ag & turf net sales | | | 3,739 | | | 3,635 | | +3 | | | 10,886 | | | 9,836 | | +11 | | Construction & forestry net sales | | | 3,739 | | | 3,269 | | +14 | | | 11,053 | | | 9,161 | | +21 | | Financial services revenues | | | 1,228 | | | 903 | | +36 | | | 3,375 | | | 2,637 | | +28 | | Other revenues | | | 289 | | | 199 | | +45 | | | 699 | | | 839 | | -17 | | Total net sales and revenues | | $ | 15,801 | | $ | 14,102 | | +12 | | $ | 45,839 | | $ | 37,041 | | +24 | | Operating profit: | | | | | | | | | | | | | | | | | | Production & precision ag | | $ | 1,782 | | $ | 1,293 | | +38 | | $ | 5,160 | | $ | 2,646 | | +95 | | Small ag & turf | | | 732 | | | 552 | | +33 | | | 2,028 | | | 1,443 | | +41 | | Construction & forestry | | | 716 | | | 514 | | +39 | | | 2,179 | | | 1,599 | | +36 | | Financial services | | | 286 | | | 287 | | | | | 565 | | | 864 | | -35 | | Total operating profit | | | 3,516 | | | 2,646 | | +33 | | | 9,932 | | | 6,552 | | +52 | | Reconciling items | | | 98 | | | (108) | | | | | 29 | | | (303) | | | | Income taxes | | | (636) | | | (654) | | -3 | | | (2,164) | | | (1,364) | | +59 | | Net income attributable to Deere & Company | | $ | 2,978 | | $ | 1,884 | | +58 | | $ | 7,797 | | $ | 4,885 | | +60 | | | | | | | | | | | | | | | | | | | | Intersegment sales and revenues: | | | | | | | | | | | | | | | | | | Production & precision ag net sales | | $ | 9 | | $ | 5 | | +80 | | $ | 21 | | $ | 15 | | +40 | | Small ag & turf net sales | | | 2 | | | 2 | | | | | 10 | | | 8 | | +25 | | Construction & forestry net sales | | | | | | | | | | | | | | | | | | Financial services revenues | | | 217 | | | 81 | | +168 | | | 612 | | | 214 | | +186 | |
Operating profit for production and precision ag, small ag and turf, and construction and forestry is income from continuing operations before reconciling items and income taxes. Operating profit for 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 amounts excluding the service cost component, equity in income of unconsolidated affiliates, and net income attributable to noncontrolling interests. | | | | | | | | | | | Identifiable assets were as follows in millions of dollars: | | | | | | | | | | July 30 | | October 30 | | July 31 | | | | 2023 | | 2022 | | 2022 | | Production & precision ag | | $ | 9,523 | | $ | 8,414 | | $ | 8,728 | | Small ag & turf | | | 4,482 | | | 4,451 | | | 4,361 | | Construction & forestry | | | 7,415 | | | 6,754 | | | 6,824 | | Financial services | | | 68,850 | | | 58,864 | | | 56,008 | | Corporate | | | 13,127 | | | 11,547 | | | 10,896 | | Total assets | | $ | 103,397 | | $ | 90,030 | | $ | 86,817 | |
|