DEERE & CO | 2013 | FY | 3


An analysis of the allowance for credit losses and investment in financing receivables follows in millions of dollars:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving

 

 

 

 

 

 

 

Retail

 

Charge

 

 

 

 

 

 

 

Notes

 

Accounts

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

 

Allowance:

 

 

 

 

 

 

 

 

 

Beginning of year balance

 

$

110 

 

$

40 

 

$

27 

 

$

177 

 

Provision (credit)

 

(2)

 

 

 

10 

 

Write-offs

 

(11)

 

(21)

 

(3)

 

(35)

 

Recoveries

 

 

17 

 

 

27 

 

Translation adjustments

 

(5)

 

 

 

(1)

 

(6)

 

End of year balance*

 

$

101 

 

$

41 

 

$

31 

 

$

173 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

End of year balance

 

$

21,160 

 

$

2,593 

 

$

6,206 

 

$

29,959 

 

Balance individually evaluated

 

$

21 

 

 

 

$

33 

 

$

54 

 

 

*   Individual allowances were not significant.

 

 

2012

 

 

 

 

 

 

 

 

 

Allowance:

 

 

 

 

 

 

 

 

 

Beginning of year balance

 

$

130 

 

$

40 

 

$

27 

 

$

197 

 

Provision (credit)

 

(12)

 

 

 

(1)

 

Write-offs

 

(8)

 

(30)

 

(4)

 

(42)

 

Recoveries

 

10 

 

22 

 

 

33 

 

Translation adjustments

 

(10)

 

 

 

 

 

(10)

 

End of year balance*

 

$

110 

 

$

40 

 

$

27 

 

$

177 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

End of year balance

 

$

18,251 

 

$

2,488 

 

$

5,215 

 

$

25,954 

 

Balance individually evaluated

 

$

11 

 

$

 

$

 

$

13 

 

 

*   Individual allowances were not significant.

 

 

 

 

 

 

 

Revolving

 

 

 

 

 

 

 

Retail

 

Charge 

 

 

 

 

 

 

 

Notes

 

Accounts

 

Other

 

Total

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year balance

 

 

$

144

 

 

 

$

44

 

 

 

$

37

 

 

 

$

225

 

 

Provision (credit)

 

 

3

 

 

 

8

 

 

 

(2)

 

 

 

9

 

 

Write-offs

 

 

(29

)

 

 

(40

)

 

 

(10

)

 

 

(79

)

 

Recoveries

 

 

12

 

 

 

28

 

 

 

2

 

 

 

42

 

 

End of year balance*

 

 

$

130

 

 

 

$

40

 

 

 

$

27

 

 

 

$

197

 

 

Financing receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

End of year balance

 

 

$

16,296

 

 

 

$

2,518

 

 

 

$

4,212

 

 

 

$

23,026

 

 

Balance individually evaluated

 

 

$

12

 

 

 

 

 

 

 

$

11

 

 

 

$

23

 

 

 

*  Individual allowances were not significant.

 

 


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