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Identifying Operating Income Components Following is the Deere and Company Income Statement for 2018...

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Accounting

Identifying Operating Income Components

Following is the Deere and Company Income Statement for 2018image

Notes:

The income statement includes John Deere commercial and consumer tractor segment, a finance subsidiary that provides loan and lease financing relating to the sales of those tractors, and a healthcare segment that provides managed healthcare services for the company and certain outside customers.

Equity in income of unconsolidated affiliates refers to income John Deere has earned on investments made for strategic purposes.

a. Identify the components in its income statement that we would consider operating.

b. Discuss our treatment of the company 's finance and interest income and the income from the unconsolidated affiliates. Would these items be treated as operating or nonoperating?

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