| Schedule of Segment Reporting Information |
Information relating to operations by operating segment follows for the years ended October 29, 2023, October 30, 2022, and October 31, 2021. | | | | | | | | | | | OPERATING SEGMENTS | | 2023 | | 2022 | | 2021 | | Net sales and revenues | | | | | | | | | | | Unaffiliated customers: | | | | | | | | | | | Production & precision ag net sales | | $ | 26,790 | | $ | 22,002 | | $ | 16,509 | | Small ag & turf net sales | | | 13,980 | | | 13,381 | | | 11,860 | | Construction & forestry net sales | | | 14,795 | | | 12,534 | | | 11,368 | | Financial services revenues | | | 4,721 | | | 3,625 | | | 3,548 | | Other revenues* | | | 965 | | | 1,035 | | | 739 | | Total | | $ | 61,251 | | $ | 52,577 | | $ | 44,024 | |
* Other revenues are primarily the production and precision ag, small ag and turf, and construction and forestry revenues for finance and interest income and other income. | | | | | | | | | | | Operating profit | | | | | | | | | | | Production & precision ag | | $ | 6,996 | | $ | 4,386 | | $ | 3,334 | | Small ag & turf | | | 2,472 | | | 1,949 | | | 2,045 | | Construction & forestry | | | 2,695 | | | 2,014 | | | 1,489 | | Financial services* | | | 795 | | | 1,159 | | | 1,144 | | Total operating profit* | | | 12,958 | | | 9,508 | | | 8,012 | | Interest income | | | 559 | | | 159 | | | 82 | | Interest expense | | | (411) | | | (390) | | | (368) | | Foreign exchange gain (loss) from equipment operations’ financing activities | | | (114) | | | (103) | | | (45) | | Pension and OPEB benefit (cost), excluding service cost component | | | 286 | | | 218 | | | 183 | | Corporate expenses – net | | | (252) | | | (255) | | | (241) | | Income taxes | | | (2,871) | | | (2,007) | | | (1,658) | | Total | | | (2,803) | | | (2,378) | | | (2,047) | | Net income | | | 10,155 | | | 7,130 | | | 5,965 | | Less: Net income (loss) attributable to noncontrolling interests | | | (11) | | | (1) | | | 2 | | Net income attributable to Deere & Company | | $ | 10,166 | | $ | 7,131 | | $ | 5,963 | |
* Operating profit of the financial services business segment includes the effect of its interest expense and foreign exchange gains or losses. | | | | | | | | | | | OPERATING SEGMENTS | | 2023 | | 2022 | | 2021 | | Interest income* | | | | | | | | | | | Production & precision ag | | $ | 29 | | $ | 22 | | $ | 21 | | Small ag & turf | | | 35 | | | 24 | | | 21 | | Construction & forestry | | | 13 | | | 8 | | | 10 | | Financial services | | | 3,731 | | | 2,245 | | | 1,999 | | Corporate | | | 559 | | | 159 | | | 82 | | Intercompany | | | (1,008) | | | (431) | | | (279) | | Total | | $ | 3,359 | | $ | 2,027 | | $ | 1,854 | |
* Does not include finance rental income for equipment on operating leases. | | | | | | | | | | | Interest expense | | | | | | | | | | | Production & precision ag | | $ | 282 | | $ | 122 | | $ | 84 | | Small ag & turf | | | 236 | | | 105 | | | 87 | | Construction & forestry | | | 169 | | | 72 | | | 46 | | Financial services | | | 2,362 | | | 799 | | | 687 | | Corporate | | | 411 | | | 390 | | | 368 | | Intercompany | | | (1,007) | | | (426) | | | (279) | | Total | | $ | 2,453 | | $ | 1,062 | | $ | 993 | | | | | | | | | | | | | Depreciation* and amortization expense | | | | | | | | | | | Production & precision ag | | $ | 581 | | $ | 523 | | $ | 495 | | Small ag & turf | | | 241 | | | 236 | | | 245 | | Construction & forestry | | | 301 | | | 282 | | | 303 | | Financial services | | | 1,016 | | | 1,050 | | | 1,140 | | Intercompany | | | (135) | | | (196) | | | (133) | | Total | | $ | 2,004 | | $ | 1,895 | | $ | 2,050 | |
* Includes depreciation for equipment on operating leases. | | | | | | | | | | | Identifiable operating assets | | | | | | | | | | | Production & precision ag | | $ | 8,734 | | $ | 8,414 | | $ | 7,021 | | Small ag & turf | | | 4,348 | | | 4,451 | | | 3,959 | | Construction & forestry | | | 7,139 | | | 6,754 | | | 6,457 | | Financial services | | | 70,732 | | | 58,864 | | | 51,624 | | Corporate | | | 13,134 | | | 11,547 | | | 15,053 | | Total | | $ | 104,087 | | $ | 90,030 | | $ | 84,114 | |
| | | | | | | | | | | Capital additions | | | | | | | | | | | Production & precision ag | | $ | 896 | | $ | 649 | | $ | 458 | | Small ag & turf | | | 386 | | | 329 | | | 253 | | Construction & forestry | | | 311 | | | 217 | | | 183 | | Financial services | | | 4 | | | 2 | | | 3 | | Total | | $ | 1,597 | | $ | 1,197 | | $ | 897 | |
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