John Deere research and development Expenses

Research and Development (R&D) Expenses of John Deere 2000-2021

Amounts are in $ millions.

Year R&D Expenses ($mn)
2021$1,587
2020$1,644
2019$1,783
2018 $1,658
2017$1,373 
2016$1,394
2015$ 1,410
2014$ 1,437
2013$ 1,445
2012$ 1,409 
2011$ 1,192
2010$1,005
2009$ 965 
2008$ 943
2007$ 817 
2006$ 726 
2005$677
2004$ 612 
2003$ 577
2002$528
2001$590
2000$542

2021: John Deere spent $1,587 million on research and development in 2021 compared to $1,644 million in 2020. The company experienced signifcant growth in its net revenues in 2021 compared to 2020. Its net revenues for 2021 remained $44 billion compared to $35.5 billion in 2020.

Research and development expenses of John Deere (Deere Company and its subsidiaries) grew to $1.66 billion in 2018 from $1.37 billion in 2017.