XML 81 R54.htm IDEA: XBRL DOCUMENT
v3.21.2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2021
ACCOUNTS PAYABLE AND ACCRUED EXPENSES |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses at October 31, 2021 and November 1, 2020 consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Equipment Operations | ​ | ​ |  | ​ | ​ |  | ​
Accounts payable: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade payables |  | $ | 2,967 |  | $ | 1,926 |
Dividends payable | ​ |  | 329 | ​ |  | 244 | ​
Operating lease liabilities | ​ | ​ | 279 | ​ | ​ | 297 | ​
Other | ​ |  | 155 | ​ |  | 251 | ​
Accrued expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dealer sales discounts | ​ |  | 1,636 | ​ |  | 1,682 | ​
Product warranties | ​ |  | 1,312 | ​ |  | 1,105 | ​
Employee benefits | ​ |  | 1,448 | ​ |  | 1,086 | ​
Accrued taxes | ​ | ​ | 933 | ​ | ​ | 730 | ​
Unearned revenue | ​ |  | 825 | ​ |  | 679 | ​
Other | ​ |  | 1,171 | ​ |  | 1,114 | ​
Total | ​ | ​ | 11,055 | ​ | ​ | 9,114 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial Services | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits withheld from dealers and merchants | ​ | ​ | 157 | ​ | ​ | 141 | ​
Collateral on derivatives | ​ | ​ | ​ | ​ | ​ | 274 | ​
Other | ​ |  | 210 | ​ |  | 194 | ​
Accrued expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unearned revenue | ​ |  | 1,013 | ​ |  | 968 | ​
Accrued interest | ​ |  | 165 | ​ |  | 181 | ​
Employee benefits | ​ |  | 83 | ​ |  | 60 | ​
Other | ​ |  | 387 | ​ |  | 309 | ​
Total | ​ |  | 2,015 | ​ |  | 2,127 | ​
Eliminations* | ​ |  | 865 | ​ |  | 1,129 | ​
Accounts payable and accrued expenses |  | $ | 12,205 |  | $ | 10,112 | ​
* Pri marily sales incentive accruals with a right of set-off against trade receivables. At October 31, 2021 and November 1, 2020, $836 million and $1,073 million, respectively, of sales incentive accruals were classified as accrued expenses by the equipment operations as the related trade receivables had been sold to financial services. ​

X
- References No definition available. + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration