DEERE & CO
For the period ended Oct 27, 2024. Filed Dec 12, 2024.
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FY2024 · Filed Dec 12, 2024
DE$691.28+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Property and Depreciation
14. PROPERTY AND DEPRECIATION
A summary of property and equipment at October 27, 2024 and October 29, 2023 follows:
| · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · Useful Lives* · · · · · · | |||||||
| · (Years) · 2024 · 2023 | |||||||
| Land | | | | $390 | | $338 | |
| Buildings and building equipment | 22 | | 5,168 | | 4,735 | | |
| Machinery and equipment | 11 | | 7,125 | | 6,613 | | |
| Dies, patterns, tools, etc. | 8 | | 1,797 | | 1,658 | | |
| All other | 5 | | 1,382 | | 1,323 | | |
| Construction in progress | | | | 1,313 | | 1,266 | |
| Total at cost | | | | 17,175 | | 15,933 | |
| Less: accumulated depreciation | | | | (9,595) | | (9,054) | |
| Property and equipment – net | | | $7,580 | $6,879 | | ||
*Weighted-averages
Property and equipment additions and depreciation follows:
| · · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · 2024 · 2023 · 2022 · | |||||||
| Additions | | $1,707 | | $1,597 | | $1,197 | |
| Depreciation | | 898 | | 838 | | 806 | |
For property and equipment, more than 10 percent resides in the U.S. and Germany, separately disclosed below:
| · · · · · · · | |||||
|---|---|---|---|---|---|
| · 2024 · 2023 · | |||||
| U.S. | | $4,132 | | $3,807 | |
| Germany | | 1,271 | | 1,192 | |
| Other countries | | 2,177 | | 1,880 | |
| Total | | $7,580 | | $6,879 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.