Deere & Co. Files 2024 10-K

Ticker: DE · Form: 10-K · Filed: Dec 12, 2024 · CIK: 315189

Deere & CO 10-K Filing Summary
FieldDetail
CompanyDeere & CO (DE)
Form Type10-K
Filed DateDec 12, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$1, $20,834, $10,969, $12,956
Sentimentneutral

Sentiment: neutral

Topics: 10-K, annual-report, agriculture

TL;DR

Deere's 2024 10-K is in. All systems go for farm equipment giant.

AI Summary

Deere & Company filed its 10-K for the fiscal year ending October 27, 2024, reporting on its operations in the farm machinery and equipment sector. The company, headquartered in Moline, IL, is a significant player in its industry. This filing provides a comprehensive overview of its financial performance and business activities for the reported period.

Why It Matters

This 10-K filing provides investors and analysts with a detailed look into Deere & Company's financial health and strategic direction for the fiscal year 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing for a large, established company, indicating routine business operations.

Key Numbers

Key Players & Entities

FAQ

What is Deere & Company's primary industry classification?

Deere & Company's Standard Industrial Classification is FARM MACHINERY & EQUIPMENT [3523].

When does the fiscal year covered by this 10-K filing end?

The fiscal year covered by this 10-K filing ends on October 27, 2024.

Where is Deere & Company headquartered?

Deere & Company is headquartered in MOLINE, IL.

What is the SEC file number for this 10-K filing?

The SEC file number for this 10-K filing is 001-04121.

What is the accession number for this specific filing?

The accession number for this specific filing is 0001558370-24-016169.

Filing Stats: 4,224 words · 17 min read · ~14 pages · Grade level 15.9 · Accepted 2024-12-12 11:37:47

Key Financial Figures

Filing Documents

BUSINESS

BUSINESS 2 ITEM 1A.

RISK FACTORS

RISK FACTORS 13 ITEM 1B. UNRESOLVED STAFF COMMENTS 23 ITEM 1C. CYBERSECURITY 23 ITEM 2.

PROPERTIES

PROPERTIES 24 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 24 ITEM 4. MINE SAFETY DISCLOSURES 24 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 24 ITEM 6. [RESERVED] 26 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 26 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 26 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 26 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 26 ITEM 9B. OTHER INFORMATION 26 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 26 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 27 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 27 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 27 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 27 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 27 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 28 ITEM 16. FORM 10-K SUMMARY 28 1 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS. This Annual Report on Form 10-K contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this Annual Report on Form 10-K are forward-looking statements. Forward-looking statements provide our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking statements as they do not relate to historical or current facts and by words such as "believe," "expect," "estimate," "anticipate," "will," "aim," "should," "plan," "forecast," "target," "guide," "project," "intend," "could," and similar words or expressions. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, and other important information about forward-looking statements are disclosed under Item 1A, "Risk Factors," and Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations–Forward-Looking Statements," in this Annual Report on Form 10-K. As used herein, the terms "John Deere," "we," "us," "our," or "the Company" refer collectively to Deere & Company and its subsidiaries, unless designated or identified otherwise. All amounts are presented in millions of dollars, unless otherwise specified. Products The John Deere enterprise has manufactured agricultural equipment since 1837. Deere & Company was incorporated under the laws of Delaware in 1958. Our business is managed through the following four business segments: production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (John Deere Financial or FS). BUSINESS SEGMENT PRODUCTION AND PRECISION AGRICULTU

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