ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Oct. 28, 2018

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses at October 28, 2018 and October 29, 2017 consisted of the following in millions of dollars:


	2018		2017
Equipment Operations
Accounts payable:
Trade payables	$	2,465	$	2,069
Dividends payable		223		194
Other		243		164
Accrued expenses:
Dealer sales discounts		1,801		1,559
Product warranties		1,146		1,007
Employee benefits		1,038		861
Accrued taxes		836		503
Unearned revenue		665		520
Other		965		841
Total		9,382		7,718
Financial Services
Accounts payable:
Deposits withheld from dealers and merchants		190		207
Other		239		275
Accrued expenses:
Unearned revenue		885		797
Accrued interest		163		148
Employee benefits		63		55
Other		516		345
Total		2,056		1,827
Eliminations*		1,327		1,128
Accounts payable and accrued expenses	$	10,111	$	8,417

* Primarily trade receivable valuation accounts which are reclassified as accrued expenses by the equipment operations as a result of their trade receivables being sold to financial services.