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ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 3 Months Ended
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Jan. 29, 2023
ACCOUNTS PAYABLE AND ACCRUED EXPENSES |
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | (13) Accounts Payable and Accrued Expenses Accounts payable and accrued expenses were as follows in millions of dollars:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 29 |  | October 30 |  | January 30 |
​ |  | 2023 |  | 2022 | ​ | 2022 | ​
Accounts payable: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade payables |  | $ | 3,616 |  | $ | 3,894 | ​ | $ | 3,035 | ​
Payables to unconsolidated affiliates | ​ | ​ | 10 | ​ | ​ | 11 | ​ | ​ | 172 | ​
Dividends payable | ​ |  | 358 | ​ |  | 343 | ​ |  | 325 | ​
Operating lease liabilities | ​ | ​ | 305 | ​ | ​ | 302 | ​ | ​ | 267 | ​
Deposits withheld from dealers and merchants | ​ | ​ | 153 | ​ | ​ | 163 | ​ | ​ | 148 | ​
Other | ​ |  | 156 | ​ |  | 214 | ​ |  | 160 | ​
Accrued expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dealer sales discounts | ​ |  | 256 | ​ |  | 1,044 | ​ |  | 182 | ​
Product warranties | ​ |  | 1,444 | ​ |  | 1,427 | ​ |  | 1,283 | ​
Employee benefits | ​ |  | 1,015 | ​ |  | 1,528 | ​ |  | 765 | ​
Accrued taxes | ​ | ​ | 1,336 | ​ | ​ | 1,255 | ​ | ​ | 974 | ​
Unearned operating lease revenue | ​ | ​ | 406 | ​ | ​ | 399 | ​ | ​ | 385 | ​
Unearned revenue (contractual liability) | ​ |  | 601 | ​ |  | 557 | ​ |  | 567 | ​
Extended warranty premium | ​ | ​ | 901 | ​ | ​ | 866 | ​ | ​ | 781 | ​
Accrued interest | ​ | ​ | 371 | ​ | ​ | 288 | ​ | ​ | 280 | ​
Derivative liabilities | ​ | ​ | 891 | ​ | ​ | 1,231 | ​ | ​ | 276 | ​
Other | ​ |  | 1,289 | ​ |  | 1,300 | ​ |  | 1,051 | ​
Total accounts payable and accrued expenses |  | $ | 13,108 |  | $ | 14,822 | ​ | $ | 10,651 | ​
Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,540 million at January 29, 2023, $1,280 million at October 30, 2022, and $983 million at January 30, 2022. Other eliminations were made for accrued taxes and other accrued expenses.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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