
	August 2		November 2		July 27
	2026		2025		2025
Underwritten term debt:
U.S. dollar notes and debentures:
6.55% debentures due 2028	$	200	$	200	$	200
5.375% notes due 2029		500		500		500
3.10% notes due 2030		700		700		700
8.10% debentures due 2030		250		250		250
4.15% notes due 2030*		485		498
7.125% notes due 2031		300		300		300
4.85% notes due 2031*		298
5.45% notes due 2035		1,250		1,250		1,250
3.90% notes due 2042		1,250		1,250		1,250
2.875% notes due 2049		500		500		500
3.75% notes due 2050		850		850		850
5.70% notes due 2055		750		750		750
Euro notes:
1.85% notes due 2028 (€600 principal)		692		694		705
2.20% notes due 2032 (€600 principal)		692		694		705
1.65% notes due 2039 (€650 principal)		749		752		764
Serial issuances:
Medium-term notes*		30,716		34,041		35,428
Other notes and finance lease obligations		584		470		438
Less: debt issuance costs and debt discounts		(140)		(155)		(161)
Long-term borrowings	$	40,626	$	43,544	$	44,429

The 4.15% notes due 2030 and 4.85% notes due 2031 listed above were issued on October 9, 2025, and July 15, 2026, respectively, by Deere Funding Canada Corporation (DFCC), an indirect wholly-owned finance subsidiary of Deere & Company. These notes are fully and unconditionally guaranteed on a senior unsecured basis only by Deere & Company and, therefore, rank equally with all our outstanding notes and debentures. No other subsidiaries of Deere & Company have guaranteed these notes. We have elected to exclude summarized financial information in accordance with the exception provided in Rule 13-01 of Regulation S-X.

Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.

The principal balances of the 4.15% notes due 2030, 4.85% notes due 2031, and medium-term notes were as follows:


	August 2		November 2		July 27
	2026		2025		2025
4.15% notes due 2030	$	500	$	500
4.85% notes due 2031		300
Medium-term notes		31,191		34,241	$	35,699