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 revenue change from fiscal year 2024 to fiscal year 2025?
Question Type: temporal_comparison

Concept: Revenues
Answer (Numeric): -11.66
Answer (Display): -11.66%
Unit: percent_change

Evidence:
[{"chunk_id": "125", "equivalent_chunk_ids": ["125"], "section": "ITEM 16.", "supports": ["current", "previous"], "text": "STATEMENTS\nFor\nthe\nYears\nEnded\nNovember\n2025,\nOctober\n27,\n2024,\nand\nOctober 29, 2023\nUnaudited\nEQUIPMENT\nFINANCIAL\nOPERATIONS\nSERVICES\nELIMINATIONS\nCONSOLIDATED\nNet\nSales\nand\nRevenues\nNet sales\n38,917\n44,759\n55,565\n38,917\n44,759\n55,565\nFinance and interest income\n5,768\n6,035\n5,055\n(541)\n(872)\n(1,008)\n5,748\n5,759\n4,683\nOther income\n1,006\n(323)\n(266)\n(354)\n1,019\n1,198\n1,003\nTotal\n40,259\n46,361\n57,059\n6,289\n6,493\n5,554\n(864)\n(1,138)\n(1,362)\n45,684\n51,716\n61,251\nCosts\nand\nExpenses\nCost of sales\n28,190\n30,803\n37,739\n(31)\n(28)\n(24)\n28,159\n30,775\n37,715\nResearch and development expenses\n2,311\n2,290\n2,177\n2,311\n2,290\n2,177\nSelling, administrative and general expenses\n3,856\n3,791\n3,611\n1,059\n(10)\n4,663\n4,840\n4,595\nInterest expense\n2,923\n3,182\n2,362\n(125)\n(230)\n(320)\n3,170\n3,348\n2,453\nInterest compensation to Financial Services\n(414)\n(640)\n(687)\nOther operating expenses\n(29)\n1,439\n1,354\n1,396\n(286)\n(230)\n(321)\n1,124\n1,257\n1,292\nTotal\n35,114\n38,053\n44,842\n5,177\n5,595\n4,752\n(864)\n(1,138)\n(1,362)\n39,427\n42,510\n48,232\nIncome\nbefore Income\nTaxes\n5,145\n8,308\n12,217\n1,112\n6,257\n9,206\n13,019\nProvision for income taxes\n1,020\n1,887\n2,685\n1,259\n2,094\n2,871\nIncome\nafter\nIncome\nTaxes\n4,125\n6,421\n9,532\n4,998\n7,112\n10,148\nEquity in income (loss) of unconsolidated affiliates\n(17)\n(29)\n(24)\nNet\nIncome\n4,108\n6,392\n9,536\n4,998\n7,088\n10,155\nLess: Net loss attributable to noncontrolling interests\n(29)\n(12)\n(11)\n(29)\n(12)\n(11)\nNet\nIncome\nAttributable\nto\nDeere & Company\n4,137\n6,404\n9,547\n5,027\n7,100\n10,166\nElimination of intercompany interest income and expense.\nElimination of equipment operations’ margin from inventory transferred to equipment on operating leases (see Note 6).\nElimination of income and expenses between equipment operations and Financial Services related to intercompany guarantees of investments in certain international markets.\nElimination of intercompany service revenues and fees.\nElimination of Financial Services’ lease depreciation expense related to inventory transferred to equipment on operating leases.\nSUPPLEMENTAL\nCONSOLIDATING\nDATA\n(continued)\nCONDENSED\nBALANCE\nSHEETS\nAs\nof\nNovember\nand\nOctober\n27,\nUnaudited\nEQUIPMENT\nFINANCIAL\nOPERATIONS\nSERVICES\nELIMINATIONS\nCONSOLIDATED\nASSETS\nCash and cash equivalents\n6,340\n5,615\n1,936\n1,709\n8,276\n7,324\nMarketable securities\n1,194\n1,029\n1,411\n1,154\nReceivables from Financial Services\n4,649\n3,043\n(4,649)\n(3,043)\nTrade accounts and notes receivable – net\n1,316\n1,257\n5,900\n6,225\n(1,899)\n(2,156)\n5,317\n5,326\nFinancing receivables – net\n44,487\n44,231\n44,575\n44,309\nFinancing receivables securitized – net\n6,830\n8,721\n6,831\n8,723\nOther receivables\n1,809\n2,193\n(64)\n(75)\n2,403\n2,545\nEquipment on operating leases – net\n7,600\n7,451\n7,600\n7,451\nInventories\n7,406\n7,093\n7,406\n7,093\nProperty and equipment – net\n8,047\n7,546"}]

Derivation: {"current_value": 45684.0, "op": "pct_change", "previous_value": 51716.0}