DEERE & CO

DE 10-Q · Q2 2026

DE Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue (Q)
Show Product Lines breakouts
Compact Construction 653 506 +29.1%
Compact Construction · Construction & Forestry (CF) 653 506 +29.1%
Construction 1,514 1,182 +28.1%
Construction · Construction & Forestry (CF) 1,514 1,182 +28.1%
Forestry 294 254 +15.7%
Forestry · Construction & Forestry (CF) 294 254 +15.7%
Production Agriculture 4,403 5,135 -14.3%
Production Agriculture · Production & Precision Agriculture (PPA) 4,403 5,135 -14.3%
Roadbuilding 1,270 949 +33.8%
Roadbuilding · Construction & Forestry (CF) 1,270 949 +33.8%
Small Agriculture 2,339 1,964 +19.1%
Small Agriculture · Small Agriculture & Turf (SAT) 2,339 1,964 +19.1%
Turf 1,063 957 +11.1%
Turf · Small Agriculture & Turf (SAT) 1,063 957 +11.1%
Revenue 13,369 12,763 +4.7%
Show Product Lines breakouts
Financial Service 1,314 1,354 -3.0%
Financial Service · Construction & Forestry (CF) 3 4 -25.0%
Financial Service · Financial Services (FS) 1,243 1,276 -2.6%
Financial Service · Operating Segments 1,262 1,294 -2.5%
Financial Service · Production & Precision Agriculture (PPA) 10 8 +25.0%
Financial Service · Small Agriculture & Turf (SAT) 6 6 0.0%
Other Income 277 238 +16.4%
Other Income · Construction & Forestry (CF) 50 45 +11.1%
Other Income · Corporate Non Segment 55 62 -11.3%
Other Income · Financial Services (FS) 123 109 +12.8%
Other Income · Operating Segments 274 236 +16.1%
Other Income · Production & Precision Agriculture (PPA) 60 49 +22.4%
Other Income · Small Agriculture & Turf (SAT) 41 33 +24.2%
Product 11,778 11,171 +5.4%
Product · Construction & Forestry (CF) 3,790 2,947 +28.6%
Product · Operating Segments 11,778 11,171 +5.4%
Product · Production & Precision Agriculture (PPA) 4,503 5,230 -13.9%
Product · Small Agriculture & Turf (SAT) 3,485 2,994 +16.4%
Show Business Segments breakouts
Construction & Forestry (CF) 3,854 3,006 +28.2%
Construction & Forestry (CF) · Asia, Africa, Oceania, and Middle East 369 277 +33.2%
Construction & Forestry (CF) · CA 175 208 -15.9%
Construction & Forestry (CF) · Central Europe and CIS 105 87 +20.7%
Construction & Forestry (CF) · Latin America 280 220 +27.3%
Construction & Forestry (CF) · Operating Segments 3,854 2,996 +28.6%
Construction & Forestry (CF) · Transferred At Point In Time 3,819 2,967 +28.7%
Construction & Forestry (CF) · Transferred Over Time 35 39 -10.3%
Construction & Forestry (CF) · US 2,317 1,717 +34.9%
Construction & Forestry (CF) · Western Europe 608 497 +22.3%
Financial Services (FS) · Operating Segments 1,509 1,501 +0.5%
Production & Precision Agriculture (PPA) 4,607 5,326 -13.5%
Production & Precision Agriculture (PPA) · Asia, Africa, Oceania, and Middle East 329 312 +5.4%
Production & Precision Agriculture (PPA) · CA 487 656 -25.8%
Production & Precision Agriculture (PPA) · Central Europe and CIS 297 239 +24.3%
Production & Precision Agriculture (PPA) · Latin America 828 995 -16.8%
Production & Precision Agriculture (PPA) · Operating Segments 4,612 5,334 -13.5%
Production & Precision Agriculture (PPA) · Transferred At Point In Time 4,502 5,218 -13.7%
Production & Precision Agriculture (PPA) · Transferred Over Time 105 108 -2.8%
Production & Precision Agriculture (PPA) · US 2,012 2,512 -19.9%
Production & Precision Agriculture (PPA) · Western Europe 654 612 +6.9%
Small Agriculture & Turf (SAT) 3,542 3,046 +16.3%
Small Agriculture & Turf (SAT) · Asia, Africa, Oceania, and Middle East 446 385 +15.8%
Small Agriculture & Turf (SAT) · CA 187 153 +22.2%
Small Agriculture & Turf (SAT) · Central Europe and CIS 121 99 +22.2%
Small Agriculture & Turf (SAT) · Latin America 128 116 +10.3%
Small Agriculture & Turf (SAT) · Operating Segments 3,540 3,044 +16.3%
Small Agriculture & Turf (SAT) · Transferred At Point In Time 3,495 2,997 +16.6%
Small Agriculture & Turf (SAT) · Transferred Over Time 47 49 -4.1%
Small Agriculture & Turf (SAT) · US 1,833 1,626 +12.7%
Small Agriculture & Turf (SAT) · Western Europe 827 667 +24.0%
Show Geography breakouts
Asia, Africa, Oceania, and Middle East 1,198 1,027 +16.7%
CA 1,039 1,189 -12.6%
Central Europe and CIS 525 428 +22.7%
Latin America 1,268 1,372 -7.6%
US 7,198 6,927 +3.9%
Western Europe 2,141 1,820 +17.6%
Show Consolidation Items breakouts
Intersegment Elimination -201 -174 -15.5%
Operating Segments 13,515 12,875 +5.0%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 11,853 11,216 +5.7%
Transferred Over Time 1,516 1,547 -2.0%
Other Revenue (Q)
Show Product Lines breakouts
Financial Products 1,457 1,482 -1.7%
Financial Products · Construction & Forestry (CF) 16 16 0.0%
Financial Products · Financial Services (FS) 1,366 1,385 -1.4%
Financial Products · Production & Precision Agriculture (PPA) 52 56 -7.1%
Financial Products · Small Agriculture & Turf (SAT) 23 25 -8.0%
Show Business Segments breakouts
Financial Services (FS) 1,366 1,385 -1.4%
Financial Services (FS) · Asia, Africa, Oceania, and Middle East 54 53 +1.9%
Financial Services (FS) · CA 190 172 +10.5%
Financial Services (FS) · Central Europe and CIS 2 3 -33.3%
Financial Services (FS) · Latin America 32 41 -22.0%
Financial Services (FS) · Transferred At Point In Time 37 34 +8.8%
Financial Services (FS) · Transferred Over Time 1,329 1,351 -1.6%
Financial Services (FS) · US 1,036 1,072 -3.4%
Financial Services (FS) · Western Europe 52 44 +18.2%
Cost of Revenue (Q)
Show Product Lines breakouts
Product 8,266 7,609 +8.6%
Product · Construction & Forestry (CF) 2,800 2,174 +28.8%
Product · Operating Segments 8,277 7,617 +8.7%
Product · Production & Precision Agriculture (PPA) 3,100 3,398 -8.8%
Product · Small Agriculture & Turf (SAT) 2,377 2,045 +16.2%
Total Costs & Expenses 11,076 10,426 +6.2%
Research & Development 583 549 +6.2%
Selling, General & Administrative 1,209 1,197 +1.0%
Operating Income (Q)
Show Business Segments breakouts
Construction & Forestry (CF) · Operating Segments 561 379 +48.0%
Financial Services (FS) · Operating Segments 251 207 +21.3%
Production & Precision Agriculture (PPA) · Operating Segments 706 1,148 -38.5%
Small Agriculture & Turf (SAT) · Operating Segments 719 574 +25.3%
Show Consolidation Items breakouts
Operating Segments 2,237 2,308 -3.1%
Interest Expense (Q)
Show Product Lines breakouts
Reconciling Item Including Corporate -102 -94 -8.5%
Income Tax Expense (Benefit) 518 539 -3.9%
Net Income 1,773 1,804 -1.7%
Net Income 1,770 1,801 -1.7%
Comprehensive Income 1,670 2,566 -34.9%
Other Comprehensive Income -103 762 -113.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -44 2 -2300.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 16 -8 +300.0%
Accumulated Net Unrealized Investment Gain Loss -8 24 -133.3%
Accumulated Translation Adjustment -67 744 -109.0%
EPS (Basic) 6.57 6.65 -1.2%
EPS (Diluted) 6.55 6.64 -1.4%
Wtd Avg Shares (Basic) 270.1 271.1 -0.4%
Wtd Avg Shares (Diluted) 270.8 271.8 -0.4%
Interest Expense 712 784 -9.2%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap -2
Interest Expense Operating (Q)
Show Business Segments breakouts
Financial Services (FS) · Operating Segments -649 -721 +10.0%
Show Consolidation Items breakouts
Operating Segments -649 -721 +10.0%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 2,293 2,337 -1.9%
Income Loss From Equity Method Investments -5 3 -266.7%
Net Income Loss Attributable To Noncontrolling Interest -3 -3 0.0%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 7,905 7,991 -1.1%
Inventory 8,188 7,870 +4.0%
Non-Current Assets
Goodwill 4,513 4,094 +10.2%
Show Business Segments breakouts
Construction & Forestry (CF) 3,370 3,017 +11.7%
Production & Precision Agriculture (PPA) 749 709 +5.6%
Small Agriculture & Turf (SAT) 394 368 +7.1%
Intangible Assets 975 964 +1.1%
Defined Benefit Plan Assets For Plan Benefits Noncurrent 3,450 3,133 +10.1%
Deferred Tax Assets 2,361 2,088 +13.1%
Total Assets 107,001 106,303 +0.7%
Show Business Segments breakouts
Construction & Forestry (CF) · Operating Segments 8,522 7,753 +9.9%
Financial Services (FS) · Operating Segments 69,549 70,569 -1.4%
Production & Precision Agriculture (PPA) · Operating Segments 9,091 8,909 +2.0%
Small Agriculture & Turf (SAT) · Operating Segments 4,420 4,234 +4.4%
Show Consolidation Items breakouts
Corporate Non Segment 15,419 14,838 +3.9%
Show Pledged Status breakouts
Asset Pledged As Collateral With Right 6,261 7,948 -21.2%
Other Assets
Marketable Securities 1,430 1,272 +12.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 295 259 +13.9%
Fair Value Inputs Level1 · US Government Debt Securities 295 259 +13.9%
Fair Value Inputs Level2 · Corporate Debt Securities 501 452 +10.8%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 1,093 1,013 +7.9%
Fair Value Inputs Level2 · Foreign Government Debt Securities 145 154 -5.8%
Fair Value Inputs Level2 · International Fixed Income Fund 7 6 +16.7%
Fair Value Inputs Level2 · Mortgage Backed Securities 219 201 +9.0%
Fair Value Inputs Level2 · US Government Debt Securities 113 113 0.0%
Fair Value Inputs Level2 · US States And Political Subdivisions 108 87 +24.1%
Accounts Receivable Net 7,571 6,748 +12.2%
Notes Receivable And Net Investment In Lease Net (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Asset Not Pledged As Collateral 42,969 43,119 -0.3%
Fair Value Inputs Level3 · Asset Pledged As Collateral With Right 6,113 7,710 -20.7%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure · Asset Not Pledged As Collateral 42,916 43,029 -0.3%
Carrying Reported Amount Fair Value Disclosure · Asset Pledged As Collateral With Right 6,100 7,765 -21.4%
Show Pledged Status breakouts
Asset Not Pledged As Collateral 42,916 43,029 -0.3%
Asset Pledged As Collateral With Right 6,100 7,765 -21.4%
Other Receivables 2,582 2,975 -13.2%
Property Subject To Or Available For Operating Lease Net 7,514 7,336 +2.4%
Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation And Amortization 8,035 7,555 +6.4%
Other Assets 3,461 3,483 -0.6%
Show Pledged Status breakouts
Asset Pledged As Collateral With Right 161 183 -12.0%
Current Liabilities
Debt Current 15,632 15,948 -2.0%
Show Short Term Debt Type breakouts
Commercial Paper 6,030 6,586 -8.4%
Long-term Borrowings Due Within One Year 8,880 8,928 -0.5%
Notes Payable To Banks 681 395 +72.4%
Product Financing Arrangement 41 39 +5.1%
Current Portion of Long-Term Debt (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 8,921 8,869 +0.6%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 8,880 8,928 -0.5%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 13,653 13,345 +2.3%
Deferred Tax Liabilities 422 496 -14.9%
Long Term Debt And Finance Leases Noncurrent 42,261 42,811 -1.3%
Pension And Other Postretirement Defined Benefit Plans And Other Liabilities Current And Noncurrent 1,644 1,763 -6.7%
Total Liabilities 79,541 81,925 -2.9%
Long-Term Debt (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 41,842 42,423 -1.4%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 42,183 42,742 -1.3%
Other Liabilities
Secured Debt 5,929 7,562 -21.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 5,948 7,588 -21.6%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 5,929 7,562 -21.6%
Redeemable Noncontrolling Interest Equity Carrying Amount 47 83 -43.4%
Stockholders' Equity
Common Stock 5,777 5,565 +3.8%
Treasury Stock Common Value -36,831 -36,064 -2.1%
Retained Earnings 61,228 58,191 +5.2%
Accumulated Other Comprehensive Income -2,768 -3,405 +18.7%
Total Stockholders' Equity 27,406 24,287 +12.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,227 -1,269 +3.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent -43 -81 +46.9%
Accumulated Net Unrealized Investment Gain Loss -49 -65 +24.6%
Accumulated Other Comprehensive Income -2,768 -3,405 +18.7%
Accumulated Translation Adjustment -1,449 -1,990 +27.2%
Minority Interest 7 8 -12.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 27,413 24,295 +12.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -2,768 -3,405 +18.7%
Common Stock 5,777 5,565 +3.8%
Noncontrolling Interest 7 8 -12.5%
Retained Earnings 61,228 58,191 +5.2%
Treasury Stock Common -36,831 -36,064 -2.1%
Total Liabilities & Equity 107,001 106,303 +0.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation & Amortization 1,184 1,104 +7.2%
Show Business Segments breakouts
Construction & Forestry (CF) · Operating Segments 200 177 +13.0%
Financial Services (FS) · Operating Segments 546 529 +3.2%
Production & Precision Agriculture (PPA) · Operating Segments 338 334 +1.2%
Small Agriculture & Turf (SAT) · Operating Segments 151 132 +14.4%
Show Consolidation Items breakouts
Intersegment Elimination -51 -68 +25.0%
Stock-Based Compensation 69 54 +27.8%
Deferred Income Taxes -68 11 -718.2%
Change in Inventory -738 -772 +4.4%
Net Cash from Operations 1,042 568 +83.5%
Investing Activities
Capital Expenditures -451 -555 +18.7%
Other Investing Activities -87 -176 +50.6%
Net Cash from Investing 93 779 -88.1%
Financing Activities
Share Repurchases -500 -838 +40.3%
Net Cash from Financing -1,627 -821 -98.2%
Other Cash Flow
Net Change in Cash -398 546 -172.9%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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