🟢 New in Current Filing Increasingly stringent engine emission regulations or bans on internal combustion engines may impact our ability to manufacture and distribute certain engines or equipment, which could negatively affect business results. 🔒

🟢 New in Current Filing Our business may suffer if our equipment fails to perform as expected. 🔒

🟢 New in Current Filing Any unauthorized control or manipulation of our products’ systems could result in loss of confidence in us and our products. 🔒

🟢 New in Current Filing Our reputation and brand could be damaged by negative publicity. 🔒

🟢 New in Current Filing Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to promote understanding of our financial condition and results of operations. The MD&A is provided as a supplement to, and should be read in conjunction with, the consolidated financial statements and the accompanying Notes to Consolidated Financial Statements. All amounts are presented in millions of dollars, unless otherwise specified. For comparison of 2022 to 2021 results, refer to the “Management’s Discussion and Analysis” section of our 2022 Form 10-K. 🔒

🟢 New in Current Filing Industry Sales Outlook for Fiscal 2024 🔒

🟢 New in Current Filing Financial Services Outlook for 2024 🔒

🟢 New in Current Filing Additional Trends – We experienced supply chain disruptions and inflationary pressures in 2022. While these issues moderated in 2023, the effect on production schedules and central bank policy interest rates continued in 2023. These changes are discussed below. 🔒

🟢 New in Current Filing Interest Rates. Central bank policy interest rates increased in 2022 and 2023. Increased rates impacted us in several ways, primarily affecting the financing spreads for the financial services operations, and may impact future demand for our products. 🔒

🟢 New in Current Filing Other Items of Concern and Uncertainties – Other items that could impact our results are: 🔒

🟢 New in Current Filing Diluted Earnings Per Share (EPS) ($ per share) 🔒

🟢 New in Current Filing Deere & Company 🔒

🟢 New in Current Filing 2023 compared to 2022 🔒

🟢 New in Current Filing Production and Precision Agriculture Operations 🔒

🟢 New in Current Filing Small Agriculture and Turf Operations 🔒

🟢 New in Current Filing Financial Services Operations 🔒

🟢 New in Current Filing 2022 compared to 2021 🔒

🟢 New in Current Filing 2023 compared to 2022 🔒

🟢 New in Current Filing 2023, 2022, and 2021 🔒

🟢 New in Current Filing Cash Returned to Shareholders 🔒

🟢 New in Current Filing DEBT RATINGS 🔒

🟢 New in Current Filing Sales Incentives 🔒

🟢 New in Current Filing Product Warranties 🔒

🟢 New in Current Filing Product Warranty Accruals 🔒

🟢 New in Current Filing October 29, 2023 🔒

🟢 New in Current Filing Operating Lease Residual Values 🔒

🟢 New in Current Filing CONSOLIDATED 🔒

🟢 New in Current Filing LIABILITIES 🔒

🟢 New in Current Filing CONSOLIDATED 🔒

🟢 New in Current Filing Total Cash, Cash Equivalents, and Restricted Cash 🔒

🔴 No Match in Current Filing Governmental actions designed to address climate change and the emergence of new technologies and business models in connection with the transition to a lower-carbon economy could adversely affect John Deere and its customers. 🔒

🔴 No Match in Current Filing Security breaches with respect to John Deere’s products could interfere with the business of John Deere, its dealers, and/or customers, exposing John Deere to liability that would cause its business and reputation to suffer. 🔒

🔴 No Match in Current Filing John Deere’s reputation and brand could be damaged by negative publicity. 🔒

🔴 No Match in Current Filing Organization 🔒

🔴 No Match in Current Filing Deere & Company 🔒

🔴 No Match in Current Filing BUSINESS SEGMENT RESULTS 🔒

🔴 No Match in Current Filing Production and Precision Agriculture Operations 🔒

🔴 No Match in Current Filing Small Agriculture and Turf Operations 🔒

🔴 No Match in Current Filing Construction and Forestry Operations 🔒

🔴 No Match in Current Filing 2021 COMPARED WITH 2020 🔒

🔴 No Match in Current Filing Product Warranties 🔒

🔴 No Match in Current Filing October 30, 2022 🔒

🔴 No Match in Current Filing FORWARD-LOOKING STATEMENTS 🔒

🔴 No Match in Current Filing Production & Precision Agriculture and Small Agriculture & Turf Operations 🔒

🔴 No Match in Current Filing Construction and Forestry 🔒

🔴 No Match in Current Filing SUPPLEMENTAL CONSOLIDATING INFORMATION 🔒

🔴 No Match in Current Filing SUPPLEMENTAL CONSOLIDATING DATA 🔒

🔴 No Match in Current Filing CONSOLIDATED 🔒

🔴 No Match in Current Filing LIABILITIES 🔒

🔴 No Match in Current Filing CONSOLIDATED 🔒

🔴 No Match in Current Filing Total cash, cash equivalents, and restricted cash 🔒

🔴 No Match in Current Filing FINANCIAL INSTRUMENT MARKET RISK INFORMATION 🔒

🔴 No Match in Current Filing Interest Rate Risk 🔒

🔴 No Match in Current Filing Foreign Currency Risk 🔒

🔴 No Match in Current Filing For the Years Ended October 30, 2022, October 31, 2021, and November 1, 2020 🔒

🔴 No Match in Current Filing Net Sales and Revenues 🔒

🔴 No Match in Current Filing Costs and Expenses 🔒

🔴 No Match in Current Filing Income of Consolidated Group before Income Taxes 🔒

🔴 No Match in Current Filing Income of Consolidated Group 🔒

🔴 No Match in Current Filing Net Income Attributable to Deere & Company 🔒

🔴 No Match in Current Filing Per Share Data 🔒

🔴 No Match in Current Filing Average Shares Outstanding 🔒

🟡 Modified Cash, Cash Equivalents, and Restricted Cash at End of Year 🔒

🟡 Modified Because the financial services segment provides financing for a significant portion of our sales worldwide, negative economic conditions in the financial industry could materially impact our operations and financial results. 🔒

🟡 Modified Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 🔒

🟡 Modified Changes in tax rates, tax legislation, or exposure to additional tax liabilities could have a negative effect on our business. 🔒

🟡 Modified We are subject to governmental laws, regulations, and other legal obligations related to privacy and data protection. Any inability or perceived inability of addressing these requirements could adversely affect our business. 🔒

🟡 Modified We could be impacted by changes to or reallocation of radio frequency (RF) bands which could disrupt or degrade the reliability of our high precision augmented Global Positioning System (GPS) or other RF technology, which could impair our ability to develop and market GPS- and RF-based technology solutions, as well as significantly reduce agricultural and construction customers’ profitability. 🔒

🟡 Modified Components of Cash, Cash Equivalents, and Restricted Cash 🔒

🟡 Modified Changes in Internal Control Over Financial Reporting 🔒

🟡 Modified We may be unable to accurately forecast customer demand for products and services, and to adequately manage inventory, which could adversely affect our operating results. 🔒

🟡 Modified We may be affected by changing worldwide demand for food and different forms of renewable energy, which could impact the price of farm commodities and consequently the demand for our equipment. This could result in higher research and development costs related to changing machine fuel requirements. 🔒

🟡 Modified Our consolidated financial results are reported in U.S. dollars while certain assets and other reported items are denominated in foreign currencies, creating currency exchange and translation risk. 🔒

🟡 Modified Management’s Report on Internal Control Over Financial Reporting 🔒

🟡 Modified Our ability to attract, develop, engage, and retain qualified employees could affect our ability to execute our strategy. 🔒

🟡 Modified We may not realize all anticipated benefits of acquisitions, joint ventures, and divestitures, or these benefits may take longer to realize than expected. 🔒

🟡 Modified Changes in government banking, monetary, and fiscal policies could have a negative effect on us. 🔒

🟡 Modified We may not realize the anticipated benefits of our Smart Industrial Operating Model and Leap Ambitions. 🔒

🟡 Modified Allowance for Credit Losses 🔒

🟡 Modified Income after Income Taxes 🔒

🟡 Modified Income before Income Taxes 🔒

🟡 Modified We rely on a network of independent dealers to manage the distribution of our products and services. If dealers are unsuccessful with their sales and business operations, it could have an adverse effect on our overall sales and revenue. 🔒

🟡 Modified Our ability to adapt in highly competitive markets could affect our business, results of operations, and financial condition. 🔒

🟡 Modified Total Liabilities and Stockholders’ Equity 🔒

🟡 Modified CRITICAL ACCOUNTING ESTIMATES 🔒

🟡 Modified Governmental actions designed to address climate change based on the emergence of new technologies and business models in connection with the transition to a lower-carbon economy could adversely affect John Deere and our customers. 🔒

🟡 Modified If we are unable to deliver precision technology and agricultural solutions to our customers, it could affect our business, results of operations, and financial condition. 🔒

🟡 Modified Allowance for Credit Losses 🔒

🟡 Modified Disputes with labor unions may adversely affect our ability to operate in our facilities as well as impact our financial results. 🔒

🟡 Modified Our global operations are subject to complex and changing laws and regulations, the violation of which could expose us to potential liabilities, increased costs, and other adverse effects. 🔒

🟡 Modified (thousands) 🔒

🟡 Modified Our ability to understand our customers’ preferences and requirements and to develop, manufacture, and market products that meet customer demand could significantly affect our business results. 🔒

🟡 Modified For the Years Ended October 29, 2023, October 30, 2022, and October 31, 2021 🔒

🟡 Modified Cash Flows from Investing Activities 🔒

🟡 Modified We may be impacted by general negative economic conditions and outlook, causing weakened demand for our equipment and services, limiting access to funding, and resulting in higher funding costs. 🔒

🟡 Modified We may sustain increases in funding obligations under our pension plans which may impair our liquidity or financial condition. 🔒

🟡 Modified Unfavorable weather conditions or natural catastrophes that reduce agricultural production and demand for agriculture and turf equipment could directly and indirectly affect our business. 🔒

🟡 Modified Cash Flows from Operating Activities 🔒

🟡 Modified 2024 and Beyond 🔒

🟡 Modified As of October 29, 2023 and October 30, 2022 🔒

🟡 Modified Unexpected events have increased and may in the future increase our cost of doing business or disrupt our operations. 🔒

🟡 Modified Security breaches and other disruptions to our information technology infrastructure could interfere with our operations and could compromise our information as well as information of our employees, customers, suppliers, and/or dealers, exposing us to liability that could cause our business and reputation to suffer. 🔒

🟡 Modified Postretirement Benefit Obligations 🔒

🟡 Modified Net Sales and Revenues 🔒

🟡 Modified Total Assets 🔒

🟡 Modified Income Taxes 🔒

🟡 Modified Changes in interest rates or market liquidity conditions could adversely affect our financials and our earnings and/or cash flows. 🔒

🟡 Modified Costs and Expenses 🔒

🟡 Modified Legal proceedings and disputes in which we are, and may in the future be, involved could harm our business, financial condition, reputation, and brand. 🔒

🟡 Modified Changes in the availability and price of certain raw materials, components, and whole goods have resulted and could continue to result in disruptions to the supply chain causing production disruptions, increased costs, and lower profits on sales of our products. 🔒

🟡 Modified Property and Equipment 🔒

🟡 Modified Construction and Forestry Operations 🔒

🟡 Modified Net Income Attributable to Deere & Company 🔒

🟡 Modified Financial Statement Schedules Omitted 🔒

🟡 Modified Sales Incentive Accruals 🔒

🟡 Modified FORWARD-LOOKING STATEMENTS 🔒

🟡 Modified Our business could be adversely affected by the infringement or loss of intellectual property rights. 🔒

🟡 Modified Smart Industrial Operating Model and Leap Ambitions 🔒

🟡 Modified STOCKHOLDERS’ EQUITY 🔒

🟡 Modified Cash Flows from Financing Activities 🔒

🟡 Modified Agriculture and Turf Outlook for 2024 🔒

🟡 Modified MANAGEMENT’S DISCUSSION AND ANALYSIS 🔒