DEERE & CO
For the period ended Oct 27, 2024. Filed Dec 12, 2024.
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FY2024 · Filed Dec 12, 2024
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Capital Stock
21. CAPITAL STOCK
Our stock is listed on the New York Stock Exchange under the symbol “DE.” At the end of 2024, there were 16,354 holders of record of our common stock.
The number of common shares we are authorized to issue is 1.2 billion. The common shares issued at October 27, 2024, October 29, 2023, and October 30, 2022 were 536.4 million.271.8 million common shares were outstanding at October 27, 2024, with the remainder held in treasury stock.
The number of authorized preferred shares is 9 million. No preferred shares have been issued.
In December 2022, the Board of Directors authorized the repurchase of up to$18.0 billion of common stock. At the end of fiscal year 2024, this repurchase program had$8.9 billion (21.9 million shares based on our fiscal year-end closing NYSE common stock price of$407.93 per share) remaining to be
repurchased. Repurchases of our common stock under this plan are made from time to time, at our discretion, in the open market.
A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · 2024 · 2023 · 2022 | ||||||||||
| Net income attributable to Deere & Company | $7,100 | $10,166 | $7,131 | | ||||||
| Average shares outstanding | | 276.0 | | 292.2 | | 304.5 | | |||
| Basic per share | $25.73 | $34.80 | $23.42 | | ||||||
| Average shares outstanding | | 276.0 | | 292.2 | | 304.5 | | |||
| Effect of dilutive stock options and unvested restricted stock units | | 1.1 | | 1.4 | | 1.8 | | |||
| Total potential shares outstanding | | 277.1 | | 293.6 | | 306.3 | | |||
| Diluted per share | $25.62 | $34.63 | $23.28 | | ||||||
| Shares excluded as antidilutive | | .3 | | .1 | | .2 | | |||
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