Item 8.01 Other Events

In April 2009, the Company announced it would combine the agricultural equipment segment with the commercial and consumer equipment segment effective at the beginning of the third quarter of 2009. As a result of the combination, the Company expects to achieve greater alignment and efficiency to meet worldwide customer needs while reducing overall costs.

Voluntary employee special termination benefits related to the new organizational structure which have been accepted in greater numbers than anticipated are currently expected to result in pretax expenses of approximately $100 million primarily in the fourth quarter of 2009. The expenses are expected to be approximately 60 percent cost of sales and 40 percent selling, administrative and general expenses. First-year savings from the separations of approximately $75 million are expected to be realized. The estimates above have been revised from those disclosed in the Company's Form 10-Q for the quarter ended April 31, 2009 filed with the U. S. Securities and Exchange Commission.

Item 9.01 Financial Statements are Exhibits

(d) Exhibits

(99.1) News Release

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