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

Other Comprehensive Income Items

23. OTHER COMPREHENSIVE INCOME ITEMS

The after-tax components of accumulated other comprehensive income (loss) follow:


	2024	2023	2022
Retirement benefits adjustment	$(1,274)	$(845)	$(389)
Cumulative translation adjustment	(2,286)	(2,151)	(2,594)
Unrealized gain (loss) on derivatives	(72)	(8)	21
Unrealized loss on debt securities	(74)	(110)	(94)
Accumulated other comprehensive income (loss)	$(3,706)	$(3,114)	$(3,056)

The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss).


· · Before · · Tax · · After
· · Tax · · (Expense) · · Tax
· Amount · Credit · Amount
2024
Cumulative translation adjustment	$(147)	$12	$(135)
Unrealized gain (loss) on interest rate derivatives:
Unrealized hedging gain (loss)	(10)	2	(8)
Reclassification of realized (gain) loss to Interest expense	(71)	15	(56)
Net unrealized gain (loss) on derivatives	(81)	17	(64)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)	45	(8)	37
Reclassification of realized (gain) loss to Other income	(1)		(1)
Net unrealized gain (loss) on debt securities	44	(8)	36
Retirement benefits adjustment:
Net actuarial gain (loss)	(568)	136	(432)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss	(72)	19	(53)
Prior service (credit) cost	36	(9)	27
Settlements/curtailments	38	(9)	29
Net unrealized gain (loss) on retirement benefits adjustment	(566)	137	(429)
Total other comprehensive income (loss)	$(750)	$158	$(592)


· · Before · · Tax · · After
· · Tax · · (Expense) · · Tax
· Amount · Credit · Amount
2023 · · · · · · ·
Cumulative translation adjustment:
Unrealized translation gain (loss)	$424	$(2)	$422
Reclassification of realized (gain) loss to:
Selling, administrative and general expenses	10		10
Other operating expenses	11		11
Net unrealized translation gain (loss)	445	(2)	443
Unrealized gain (loss) on interest rate derivatives:
Unrealized hedging gain (loss)	25	(5)	20
Reclassification of realized (gain) loss to Interest expense	(62)	13	(49)
Net unrealized gain (loss) on derivatives	(37)	8	(29)
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)	(20)	4	(16)
Net unrealized gain (loss) on debt securities	(20)	4	(16)
Retirement benefits adjustment:
Net actuarial gain (loss)	(589)	139	(450)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss	(81)	20	(61)
Prior service (credit) cost	37	(9)	28
Settlements	37	(10)	27
Net unrealized gain (loss) on retirement benefits adjustment	(596)	140	(456)
Total other comprehensive income (loss)	$(208)	$150	$(58)


· · Before · · Tax · · After
· · Tax · · (Expense) · · Tax
· Amount · Credit · Amount
2022
Cumulative translation adjustment	$(1,105)	$(11)	$(1,116)
Unrealized gain (loss) on interest rate derivatives:
Unrealized hedging gain (loss)	89	(19)	70
Reclassification of realized (gain) loss to Interest expense	(9)	2	(7)
Net unrealized gain (loss) on derivatives	80	(17)	63
Unrealized gain (loss) on debt securities:
Unrealized holding gain (loss)	(140)	30	(110)
Reclassification of realized (gain) loss to Other income	1		1
Net unrealized gain (loss) on debt securities	(139)	30	(109)
Retirement benefits adjustment:
Net actuarial gain (loss)	1,192	(298)	894
Prior service credit (cost)	(517)	124	(393)
Reclassification to Other operating expenses through amortization of:
Actuarial (gain) loss	116	(29)	87
Prior service (credit) cost	30	(7)	23
Settlements/curtailment	45	(11)	34
Net unrealized gain (loss) on retirement benefits adjustment	866	(221)	645
Total other comprehensive income (loss)	$(298)	$(219)	$(517)

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