Skip to main content
Midas Edge

DEERE & CO

For the period ended Nov 2, 2025. Filed Dec 18, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 18, 2025

DE$691.28+2.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Long-Term Borrowings

19.** LONG-TERM **BORROWINGS

Long-term borrowings at the end of 2025 and 2024 consisted of:

​​​​​​​​
​ · ​ · 2025 · ​ · 2024
Underwritten term debt:​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​
U.S. dollar notes and debentures:​​​​​​​
6.55% debentures due 2028​$200​$200​
5.375% notes due 2029​500​500​
3.10% notes due 2030​​700​​700​
8.10% debentures due 2030​250​250​
4.15% notes due 2030*​498​​​
7.125% notes due 2031​300​300​
5.45% notes due 2035​1,250​​​
3.90% notes due 2042​1,250​1,250​
2.875% notes due 2049​​500​​500​
3.75% notes due 2050​​850​​850​
5.70% notes due 2055​​750​​​​
Euro notes:​​​​​​​
1.85% notes due 2028 (€600 principal)​​694​​650​
2.20% notes due 2032 (€600 principal)​​694​​650​
1.65% notes due 2039 (€650 principal)​​752​​704​
Serial issuances:​​​​​​​
Medium-term notes*​34,041​​36,566​
Other notes and finance lease obligations​470​265​
Less: debt issuance costs and debt discounts​​(155)​​(156)​
Long-term borrowings$43,544​$43,229​
  • Includes fair value hedge adjustments related to derivatives.

The 4.15% notes due 2030 listed above were issued on October 9, 2025, by Deere Funding Canada Corporation (DFCC), an indirect wholly-owned subsidiary. These notes are fully and unconditionally guaranteed on a senior unsecured basis by Deere & Company and, therefore, rank equally with all our outstanding notes and debentures. DFCC financial results were not material to our consolidated financial statements or consolidated results of operations, and as a result, we have elected to exclude summarized financial information.

Medium-term notes due through 2034 are offered by prospectus and issued at fixed and variable rates. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

The principal balances and weighted-average interest rates of the 4.15% notes due 2030 and the medium-term notes at the end of 2025 and 2024 follow:

​​​​​​​​
​ · ​ · 2025 · ​ · 2024
4.15% notes due 2030:​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​
Principal​$500​​​​
Weighted-average interest rate​​3.4%​​​​
Medium-term notes:​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​​​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​
Principal​​34,241​$37,141​
Weighted-average interest rates​​4.8%​​5.2%​

The principal amounts of our long-term borrowings maturing in each of the next five years are as follows: 2026 –$8,921, 2027 –$8,935, 2028 –$9,220, 2029 –$6,556, and 2030 –$4,615.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.