Deere booked $965 million in charges related to the new federal tax legislation. The charges stem from the write-down of the value of Deere's net deferred tax assets and the repatriation of previously untaxed earnings held overseas. "Deere Sees Strong Equipment Demand This Year," at 9:43 a.m. and an update at 12:26 p.m. EST on Feb. 16, misstated details on the charges in the 10th paragraph.

 

(END) Dow Jones Newswires

February 19, 2018 16:15 ET (21:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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