Source: John Deere


Deere & Company announced that the Patient Protection and Affordable Care Act signed into law last week will adversely impact its expenses for fiscal 2010. As a result of the legislation, the company's expenses are expected to be about $150 million higher on an after-tax basis, primarily in the second quarter.


This impact was not included in the 2010 outlook for net income attributable to Deere & Company of approximately $1.3 billion disclosed in the company's first-quarter earnings report on Feb. 17.


Original press release