DEERE & CO

For the period ended Oct 27, 2024. Filed Dec 12, 2024.

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.

FY2024 · Filed Dec 12, 2024

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

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Contents

Long-Term Borrowings

19. LONG-TERM BORROWINGS

Long-term borrowings at the end of 2024 and 2023 consisted of:


· 2024 · 2023
Underwritten term debt: · · · · ·
U.S. dollar notes and debentures:
2.75% notes due 2025		$700
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
7.125% notes due 2031	300	300
3.90% notes due 2042	1,250	1,250
2.875% notes due 2049	500	500
3.75% notes due 2050	850	850
Euro notes:
1.85% notes due 2028 (€600 principal)	650	634
2.20% notes due 2032 (€600 principal)	650	634
1.65% notes due 2039 (€650 principal)	704	687
Serial issuances:
Medium-term notes	36,566	29,638
Other notes and finance lease obligations	265	1,769
Less: debt issuance costs and debt discounts	(156)	(135)
Long-term borrowings	$43,229	$38,477

Medium-term notes due through 2034 are offered by prospectus and issued at fixed and variable rates. Alloutstanding notes and debentures are senior unsecured borrowingsand rank equally with each other. The principal balances and weighted-average interest rates at the end of 2024 and 2023 follow:


· 2024 · 2023
Medium-term notes: · · · · ·
Principal	$37,141	$30,902
Weighted-average interest rates	5.2%	4.9%

The principal amounts of our long-term borrowings maturing in each of the next five years are as follows: 2025 –$9,112, 2026 –$8,814, 2027 –$7,720, 2028 –$6,379, and 2029 –$6,078.

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