DEERE JOHN CAPITAL CORP

CIK:0000027673|SEC Filings

Statements of Consolidated Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 02, 2026	Jul. 27, 2025	Aug. 02, 2026	Jul. 27, 2025
Statements of Consolidated Comprehensive Income
Net Income	$ 173.6	$ 159.2	$ 523.9	$ 442.6
Other Comprehensive Income (Loss), Net of Income Taxes
Cumulative translation adjustment	(16.6)	27.3	15.2	55.6
Unrealized gain (loss) on derivatives	12.3	7.4	26.9	(3.5)
Unrealized gain (loss) on debt securities	(0.1)		0.3	0.3
Other Comprehensive Income (Loss), Net of Income Taxes	(4.4)	34.7	42.4	52.4
Comprehensive Income	169.2	193.9	566.3	495.0
Less: Comprehensive income (loss) attributable to noncontrolling interests		(0.1)	0.4	0.2
Comprehensive Income Attributable to the Company	$ 169.2	$ 194.0	$ 565.9	$ 494.8

Statements of Consolidated Cash Flows - USD ($) $ in Millions	9 Months Ended
	Aug. 02, 2026	Jul. 27, 2025
Cash Flows from Operating Activities:
Net Income	$ 523.9	$ 442.6
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	186.4	221.6
Depreciation and amortization	574.2	558.8
Provision (credit) for deferred income taxes	(83.0)	136.9
Change in accounts payable and accrued expenses	(67.2)	(64.6)
Change in accrued income taxes payable/receivable	(17.5)	(27.2)
Other	73.8	194.8
Net cash provided by operating activities	1,190.6	1,462.9
Cash Flows from Investing Activities:
Cost of receivables acquired (excluding wholesale)	(17,552.0)	(17,258.0)
Collections of receivables (excluding wholesale)	18,482.8	18,461.2
Increase in wholesale receivables - net	(1,110.7)	(228.1)
Cost of equipment on operating leases acquired	(1,399.4)	(1,462.2)
Proceeds from sales of equipment on operating leases	952.5	932.8
Cost of notes receivable acquired from John Deere and other related parties	(78.6)	(92.1)
Collections of notes receivable from John Deere and other related parties	197.1	157.8
Other	14.7	26.7
Net cash provided by (used for) investing activities	(493.6)	538.1
Cash Flows from Financing Activities:
Increase (decrease) in commercial paper and other notes payable - net (original maturities of three months or less)	2,777.0	(1,126.2)
Decrease in securitization borrowings - net	(501.9)	(822.3)
Increase in short-term borrowings with John Deere - net	693.6	551.2
Proceeds from external borrowings issued (original maturities greater than three months)	4,421.2	6,339.5
Payments of external borrowings (original maturities greater than three months)	(7,052.0)	(6,019.8)
Dividends paid	(680.0)	(835.0)
Debt issuance costs	(25.6)	(20.2)
Net cash used for financing activities	(367.7)	(1,932.8)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	0.7	8.5
Net Increase in Cash, Cash Equivalents, and Restricted Cash	330.0	76.7
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	1,852.8	1,787.0
Cash, Cash Equivalents, and Restricted Cash at End of Period	2,182.8	1,863.7
Components of Cash, Cash Equivalents, and Restricted Cash:
Cash and cash equivalents	1,983.7	1,620.5
Restricted cash	$ 199.1	$ 243.2
Balance sheet location of restricted cash	Other assets	Other assets
Total Cash, Cash Equivalents, and Restricted Cash	$ 2,182.8	$ 1,863.7

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 02, 2026	Nov. 02, 2025	Jul. 27, 2025
Assets
Cash and cash equivalents	$ 1,983.7	$ 1,619.3	$ 1,620.5
Marketable securities	3.3	6.8	6.5
Receivables:
Total receivables	51,598.4	51,649.0	53,185.7
Allowance for credit losses	(256.0)	(250.1)	(247.2)
Total receivables - net	51,342.4	51,398.9	52,938.5
Equipment on operating leases - net	5,417.7	5,539.5	5,433.6
Investment in unconsolidated affiliate	61.8	56.8	56.3
Deferred income taxes	35.3	34.9	32.1
Other assets	520.8	518.2	524.6
Total Assets	59,930.5	59,990.6	61,578.1
Liabilities:
Commercial paper and other notes payable	3,658.9	1,380.9	2,086.3
Securitization borrowings	6,093.8	6,595.4	7,609.6
Current maturities of long-term external borrowings	8,592.0	8,270.5	8,178.3
Total short-term external borrowings	18,344.7	16,246.8	17,874.2
Deposits held from dealers and merchants	115.8	124.5	116.3
Deferred income taxes	307.9	382.5	424.0
Long-term external borrowings	28,638.4	31,301.9	32,400.6
Total liabilities	54,113.1	54,059.5	55,690.9
Commitments and contingencies (Note 9)
Stockholder's equity:
Common stock, without par value (issued and outstanding - 2,500 shares owned by John Deere Financial Services, Inc.)	2,292.8	2,292.8	2,292.8
Retained earnings	3,571.0	3,727.5	3,687.0
Accumulated other comprehensive loss	(48.1)	(90.5)	(93.8)
Total Company stockholder's equity	5,815.7	5,929.8	5,886.0
Noncontrolling interests	1.7	1.3	1.2
Total stockholder's equity	5,817.4	5,931.1	5,887.2
Total Liabilities and Stockholder's Equity	59,930.5	59,990.6	61,578.1
Nonrelated Party
Receivables:
Other receivables	153.2	159.8	176.4
Liabilities:
Accounts payable and accrued expenses	1,207.6	1,272.1	1,156.4
Related Party
Receivables:
Other receivables	141.0	264.4	279.0
Notes receivable	$ 271.3	$ 392.0	$ 510.6
Name of related party with notes receivable	Banco John Deere S.A.	Banco John Deere S.A.	Banco John Deere S.A.
Liabilities:
Notes payable to John Deere	$ 5,139.2	$ 4,452.6	$ 3,343.1
Accounts payable and accrued expenses	359.5	279.1	376.3
Securitized
Receivables:
Other assets	172.8	173.5	182.5
Retail notes \| Unrestricted
Receivables:
Total receivables	24,695.7	25,786.5	24,422.7
Retail notes \| Securitized
Receivables:
Total receivables	$ 6,353.5	$ 6,870.8	$ 7,995.2
Location of liability for pledged asset	Securitization borrowings	Securitization borrowings	Securitization borrowings
Revolving charge accounts
Receivables:
Total receivables	$ 5,047.5	$ 4,677.0	$ 4,709.4
Allowance for credit losses	(7.5)	(7.4)	(7.9)
Wholesale Receivables
Receivables:
Total receivables	13,822.8	12,655.9	14,480.9
Allowance for credit losses	(15.6)	(17.6)	(18.6)
Financing Leases
Receivables:
Total receivables	$ 1,678.9	$ 1,658.8	$ 1,577.5