Here is how Deere’s divisions performed in the fourth quarter and the fiscal year:

Agriculture & Turf: Sales in the newly combined division declined 26 percent for the quarter and 14 percent for the full year. The division posted an operating loss of $24 million for the quarter and an operating profit of $1.448 billion for the full year. That compared with last year’s operating profit of $460 million and $2.461 billion for the respective periods.

In its outlook, Deere said the division’s worldwide sales are forecast to decrease by about 4 percent for full-year 2010. On an industry basis, farm machinery sales in the United States and Canada are forecast to be down about 10 percent for the year.

Industry sales of turf equipment and compact utility tractors in North America are expected to be flat for the year as a result of sluggish U.S. economic conditions.

Construction & Forestry: Sales in the division declined

47 percent for the quarter and 45 percent for the full year. The division posted operating profit of $2 million for the quarter and an operating loss of $83 million for the year. That compares with operating profit of $89 million and

$466 million for the same periods last year.

Deere now forecasts worldwide sales of construction and forestry equipment to increase by about 18 percent for full-year 2010.

Credit: Financial services reported a net loss of

$15.3 million for the quarter and net income of $202.5 million for the full year. That compared to net income of

$69.9 million and $337.4 million for the comparable periods in 2008.

Deere now expects full-year 2010 net income for its credit operations to be about $240 million. The forecast increase from 2009 is due primarily to higher commissions from crop insurance and increased revenue from wind energy projects.

John Deere Capital Corp.: Deere’s credit subsidiary reported that net income was $21.2 million for the fourth quarter and $149.2 million for the year. That compared with net income of $57.7 million and $282.4 million for the respective periods last year.

Net receivables and leases financed were $18.965 billion at Oct. 31, which compared with $18.849 billion last year. Net receivables and leases administered, which include receivables administered but not owned, totaled $19.093 billion at Oct. 31, compared with $19.012 billion a year ago.