🟢 New in Current Filing Failure by our supply base to use ethical business practices and comply with applicable laws and regulations may adversely affect our business, financial condition, and operational results. 🔒

🟢 New in Current Filing We may not realize the anticipated benefits of our Smart Industrial Operating Model and Leap Ambitions. 🔒

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

🟢 New in Current Filing Technical or regulatory limitations may impact our ability to effectively implement automation, autonomy, and artificial intelligence solutions. 🔒

🟢 New in Current Filing We may face risks associated with international, national, and regional trade laws, regulations, and policies, and government farm programs and policies which could significantly impair our profitability and growth prospects. 🔒

🟢 New in Current Filing 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. 🔒

🟢 New in Current Filing Legal proceedings, disputes and government inquiries and investigations could harm our business, financial condition, reputation, and brand. 🔒

🟢 New in Current Filing Changes in Internal Control Over Financial Reporting 🔒

🟢 New in Current Filing Agriculture and Turf 🔒

🟢 New in Current Filing Interest Rates – While interest rates in the U.S. began to decrease in the fourth quarter of 2024, they remained elevated. Increased rates impacted us in several ways, primarily affecting the demand for our products and financing spreads for the financial services operations. 🔒

🟢 New in Current Filing Agricultural Market Business Cycle – The agricultural market is affected by various factors including commodity prices, acreage planted, crop yields, and government policies. These factors affect farmers’ income and may result in varying demand for our equipment. In 2024, we experienced unfavorable market 🔒

🟢 New in Current Filing Deere & Company 🔒

🟢 New in Current Filing 2024 compared to 2023 🔒

🟢 New in Current Filing Construction and Forestry Operations 🔒

🟢 New in Current Filing Trade Accounts and Notes Receivable – Net 🔒

🟢 New in Current Filing Cash Returned to Shareholders 🔒

🟢 New in Current Filing 2025 and Beyond 🔒

🟢 New in Current Filing Allowance for Credit Losses 🔒

🟢 New in Current Filing CONSOLIDATED 🔒

🟢 New in Current Filing LIABILITIES 🔒

🟢 New in Current Filing CONSOLIDATED 🔒

🔴 No Match in Current Filing 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. 🔒

🔴 No Match in Current Filing Our ability to adapt in highly competitive markets could affect our business, results of operations, and financial condition. 🔒

🔴 No Match 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. 🔒

🔴 No Match in Current Filing 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. 🔒

🔴 No Match in Current Filing We may sustain increases in funding obligations under our pension plans which may impair our liquidity or financial condition. 🔒

🔴 No Match in Current Filing 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. 🔒

🔴 No Match in Current Filing 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. 🔒

🔴 No Match in Current Filing Legal proceedings and disputes in which we are, and may in the future be, involved could harm our business, financial condition, reputation, and brand. 🔒

🔴 No Match in Current Filing Smart Industrial Operating Model and Leap Ambitions 🔒

🔴 No Match 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. 🔒

🔴 No Match 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. 🔒

🔴 No Match in Current Filing Diluted Earnings Per Share (EPS) ($ per share) 🔒

🔴 No Match in Current Filing An explanation of the cost of sales to net sales ratio and other significant statement of consolidated income changes follows: 🔒

🔴 No Match in Current Filing 2023 compared to 2022 🔒

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

🔴 No Match in Current Filing DEBT RATINGS 🔒

🔴 No Match in Current Filing CRITICAL ACCOUNTING ESTIMATES 🔒

🔴 No Match in Current Filing Operating Lease Residual Values 🔒

🔴 No Match in Current Filing CONSOLIDATED 🔒

🔴 No Match in Current Filing LIABILITIES 🔒

🔴 No Match in Current Filing CONSOLIDATED 🔒

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

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

🟡 Modified Operating Lease Residual Values 🔒

🟡 Modified Income Taxes 🔒

🟡 Modified Sales Incentive Accruals 🔒

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

🟡 Modified Total Cash, Cash Equivalents, and Restricted Cash 🔒

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

🟡 Modified Director and Executive Officer Trading Arrangements 🔒

🟡 Modified (thousands) 🔒

🟡 Modified Product Warranty Accruals 🔒

🟡 Modified Postretirement Benefit Obligations 🔒

🟡 Modified DEBT RATINGS 🔒

🟡 Modified Unused Credit Lines 🔒

🟡 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 Income before Income Taxes 🔒

🟡 Modified Total Liabilities and Stockholders’ Equity 🔒

🟡 Modified Rationalization or restructuring of manufacturing facilities, and plant expansions and updates at our manufacturing facilities may cause capacity constraints, inventory fluctuations, and other issues. 🔒

🟡 Modified FORWARD-LOOKING STATEMENTS 🔒

🟡 Modified Allowance for Credit Losses 🔒

🟡 Modified Income after Income Taxes 🔒

🟡 Modified For the Years Ended October 27, 2024, October 29, 2023, and October 30, 2022 🔒

🟡 Modified October 27, 2024 🔒

🟡 Modified Cash Flows from Financing Activities 🔒

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

🟡 Modified Financial Statement Schedules Omitted 🔒

🟡 Modified Risk Management and Strategy 🔒

🟡 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 Small Agriculture and Turf Operations 🔒

🟡 Modified Our business may suffer if our equipment fails to perform as expected. 🔒

🟡 Modified MANAGEMENT’S DISCUSSION AND ANALYSIS 🔒

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

🟡 Modified Cash Flows from Operating Activities 🔒

🟡 Modified 2024 compared to 2023 🔒

🟡 Modified 2024, 2023, and 2022 🔒

🟡 Modified Changes in interest rates or market liquidity conditions, as well as changes in government banking, monetary and fiscal policies, could adversely affect our financials and our earnings and/or cash flows. 🔒

🟡 Modified Disruption of our technology systems or unexpected network interruption could disrupt our business. 🔒

🟡 Modified 2024 compared to 2023 🔒

🟡 Modified Production and Precision Agriculture Operations 🔒

🟡 Modified Net Sales and Revenues 🔒

🟡 Modified Cash Flows from Investing Activities 🔒

🟡 Modified As of October 27, 2024 and October 29, 2023 🔒

🟡 Modified Total Assets 🔒

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

🟡 Modified Costs and Expenses 🔒

🟡 Modified Financial Services Outlook for 2025 🔒

🟡 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 Other Items of Concern and Uncertainties – Other items that could impact our results are: 🔒

🟡 Modified Net Income Attributable to Deere & Company 🔒

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

🟡 Modified If we are unable to remain competitive and relevant, including by delivering precision technology solutions to our customers, our business, results of operations, and financial condition could be adversely affected. 🔒

🟡 Modified STOCKHOLDERS’ EQUITY 🔒

🟡 Modified Company Trends 🔒

🟡 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 Financial Services Operations 🔒

🟡 Modified Agriculture and Turf Outlook for 2025 🔒

🟡 Modified 2023 compared to 2022 🔒