Deere & Co. (DE) risk factors: FY2025 10-K

1. Our financial results largely depend upon the agricultural market business cycle, as well as general economic conditions and outlook. Negative conditions in the agricultural industry and general economy cause weakened demand for our equipment and services, limit access to funding, and result in higher funding costs.
2. We face risks associated with international, national, and regional trade laws, regulations, and policies that could materially impair our profitability.reworded
3. Our international operations expose us to risks and events beyond our control in countries in which we operate.new
4. Changing worldwide demand for food and different forms of renewable energy can impact the price of farm commodities and consequently the demand for our equipment. This could result in higher research and development costs related to changing machine fuel requirements.reworded

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1. Restructuring, rationalization, and relocation of manufacturing facilities may cause capacity constraints, inventory fluctuations, and other issues.reworded
2. Inability to accurately forecast customer demand for products and services, and to adequately manage inventory, could adversely affect our operating results.reworded
3. Changes in the availability and price of certain raw materials, components, and whole goods have resulted and could result in disruptions to the supply chain causing production disruptions, increased costs, and lower profits from sales of our products.reworded
4. Failure by our supply base to use ethical business practices and comply with applicable laws and regulations may adversely affect our business, financial condition, and operational results.
5. Unexpected events have increased and may in the future increase our cost of doing business or disrupt our operations.

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1. Changes in interest rates or market liquidity conditions, as well as changes in government banking, monetary and fiscal policies, could adversely affect our financials and our earnings and/or cash flows.Interest rates
2. Because the financial services segment provides financing for a significant portion of our sales worldwide, negative economic conditions in the financial industry could materially impact our operations and financial results.
3. Changes in tax rates, tax legislation, or exposure to additional tax liabilities could have a negative effect on our business.

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1. We may not realize the anticipated benefits of our Smart Industrial Operating Model and Leap Ambitions.
2. The introduction of new products and technologies involves risk, and, from time to time, we may fail to realize their anticipated benefits.new
3. From time to time our equipment fails to perform as expected and we have experienced, and may in the future experience, warranty claims, post-sale repairs and recalls, and other consequences.new
4. We rely on a network of independent dealers to manage the distribution of our products and services. If our dealers are unsuccessful with their sales and business operations, it could have an adverse effect on our overall sales and revenue.
5. We may not realize the anticipated benefits of acquisitions, joint ventures, and divestitures, or these benefits may take longer to realize than expected.reworded
6. Our reputation and brand could be damaged by negative publicity.

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1. Our ability to attract, develop, engage, and retain qualified employees could affect our ability to execute our strategy.
2. Our business may be adversely affected by any disruptions caused by union activities.new

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1. Security breaches and other disruptions to our information technology infrastructure could interfere with our operations and could compromise our information as well as information about our employees, customers, suppliers, and/or dealers, exposing us to liability that could cause our business and reputation to suffer.rewordedCybersecurity
2. Any unauthorized control or manipulation of our products’ systems could result in a loss of confidence in us and our products.reworded
3. Technical or regulatory limitations may impact our ability to effectively implement automation, autonomy, and artificial intelligence solutions.AI
4. Disruption of our technology systems or unexpected network interruption could disrupt our business.

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1. Our global operations are subject to complex and changing laws and regulations, the violation of which could expose us to potential liabilities, increased costs, and other adverse effects.
2. Governmental actions designed to address climate change based on the emergence of new technologies and business models in connection with the transition to a lower-carbon economy could adversely affect John Deere and our customers.
3. Legal proceedings, disputes and government inquiries and investigations could harm our business, financial condition, reputation, and brand.
4. Our business could be adversely affected by the infringement or loss of intellectual property rights.

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Headings in the FY2024 10-K with no match this year.

1. We may be unable to manage increasing political, economic, and social uncertainty in certain regions of the world, which could significantly change the dynamics of our competition, customer base, and product offerings globally.
2. Unfavorable weather conditions or natural catastrophes that reduce agricultural production and demand for agriculture and turf equipment could directly and indirectly affect our business.
3. Our consolidated financial results are reported in U.S. dollars while certain assets and other reported items are denominated in foreign currencies, creating currency exchange and translation risk.
4. If we are unable to remain competitive and relevant, including by delivering precision technology solutions to our customers, our business, results of operations, and financial condition could be adversely affected.
5. Disputes with labor unions may adversely affect our ability to operate in our facilities as well as impact our financial results.
6. We could be impacted by changes to or reallocation of radio frequency (RF) bands which could disrupt or degrade the reliability of our high precision augmented Global Positioning System (GPS) or other RF technology, which could impair our ability to develop and market GPS- and RF-based technology solutions, as well as significantly reduce agricultural and construction customers’ profitability.
7. Our business may suffer if our equipment fails to perform as expected.