Company: Deere & Company
Ticker: DE
Form: 10-K
Filed: 2025-12-18
Fiscal Period: {"fp": "FY", "fy_curr": 2025, "fy_prev": 2024}

Question: By what percentage did Deere & Company's net income change from fiscal year 2024 to fiscal year 2025?
Question Type: temporal_comparison

Concept: NetIncomeLoss
Answer (Numeric): -29.2
Answer (Display): -29.20%
Unit: percent_change

Evidence:
[{"chunk_id": "176", "equivalent_chunk_ids": ["176"], "section": "ITEM 16.", "supports": ["current", "previous"], "text": "461.63\nper share) remaining to be repurchased. Repurchases of our common stock under this plan are made from time to time, at our discretion, and may be made in the open market or in private transactions, under accelerated share repurchase plans or programs pursuant to agreements with third-party financial institutions.\nA reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:\nNet income attributable to Deere & Company\n5,027\n7,100\n10,166\nAverage shares outstanding\n270.9\n276.0\n292.2\nBasic\nper\nshare\n18.55\n25.73\n34.80\nAverage shares outstanding\n270.9\n276.0\n292.2\nEffect of dilutive stock options and unvested restricted stock units\nTotal potential shares outstanding\n271.7\n277.1\n293.6\nDiluted\nper\nshare\n18.50\n25.62\n34.63\nShares excluded as antidilutive\nDiluted net income per share reflects the potential dilution that could occur from share-based compensation. The effect of dilutive shares is calculated using the treasury stock method. Potentially dilutive shares are excluded from the calculation if they have an anti-dilutive effect in the period.\n22.\nSHARE-BASED\nCOMPENSATION\nWe grant restricted stock units (RSU) and stock options (collectively, equity incentive awards) to certain employees. RSUs are also granted to nonemployee directors for their services as directors. RSUs consist of service-based, performance/service-based, and market/service-based awards.\nThe Long-Term Incentive Cash granted to certain employees is accounted for as share-based compensation. This incentive includes a performance metric based, in part, on the price of our shares.\nWe are authorized to grant shares for equity incentive awards. The outstanding shares authorized were\n13.7\nmillion at November 2, 2025. We currently use shares that have been repurchased through our stock repurchase program to satisfy share option exercises and RSU conversions.\nThe stock awards vesting periods and the dividend equivalents earned during the vesting period follow:\nVesting\nDividend\nPeriod\nEquivalents\nStock options\n3 years\nNot included\nService-based RSUs\n3 years\nIncluded\nPerformance/service-based RSUs\n3 years\nNot included\nMarket/service-based RSUs\n3 years\nNot included\nStock options expire\nten years\nfrom the grant date. Performance/service-based awards are subject to a performance metric based on our compound annual revenue growth rate, compared to a benchmark group of companies. Market/service-based awards are subject to a market related metric based on total shareholder return, compared to a benchmark group of companies. The performance/service-based units and\nmarket/service\nbased units\naward common stock in a range of\nzero\nto"}]

Derivation: {"current_value": 5027.0, "op": "pct_change", "previous_value": 7100.0}