XML 60 R41.htm IDEA: XBRL DOCUMENT
v3.23.1

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 6 Months Ended
--- | ---
Apr. 30, 2023
ACCOUNTS PAYABLE AND ACCRUED EXPENSES |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses were as follows in millions of dollars:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 30 |  | October 30 |  | May 1 |
​ |  | 2023 |  | 2022 | ​ | 2022 | ​
Accounts payable: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade payables |  | $ | 3,680 |  | $ | 3,894 | ​ | $ | 3,631 | ​
Payables to unconsolidated affiliates | ​ | ​ | 9 | ​ | ​ | 11 | ​ | ​ | 7 | ​
Dividends payable | ​ |  | 371 | ​ |  | 343 | ​ |  | 325 | ​
Operating lease liabilities | ​ | ​ | 294 | ​ | ​ | 302 | ​ | ​ | 260 | ​
Deposits withheld from dealers and merchants | ​ | ​ | 157 | ​ | ​ | 163 | ​ | ​ | 150 | ​
Other | ​ |  | 131 | ​ |  | 214 | ​ |  | 163 | ​
Accrued expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dealer sales discounts | ​ |  | 605 | ​ |  | 1,044 | ​ |  | 400 | ​
Product warranties | ​ |  | 1,562 | ​ |  | 1,427 | ​ |  | 1,286 | ​
Employee benefits | ​ |  | 1,475 | ​ |  | 1,528 | ​ |  | 1,069 | ​
Accrued taxes | ​ | ​ | 1,691 | ​ | ​ | 1,255 | ​ | ​ | 1,150 | ​
Unearned operating lease revenue | ​ | ​ | 441 | ​ | ​ | 399 | ​ | ​ | 391 | ​
Unearned revenue (contractual liability) | ​ |  | 673 | ​ |  | 557 | ​ |  | 614 | ​
Extended warranty premium | ​ | ​ | 949 | ​ | ​ | 866 | ​ | ​ | 809 | ​
Accrued interest | ​ | ​ | 354 | ​ | ​ | 288 | ​ | ​ | 256 | ​
Derivative liabilities | ​ | ​ | 758 | ​ | ​ | 1,231 | ​ | ​ | 780 | ​
Other | ​ |  | 1,566 | ​ |  | 1,300 | ​ |  | 1,388 | ​
Total accounts payable and accrued expenses |  | $ | 14,716 |  | $ | 14,822 | ​ | $ | 12,679 | ​
Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,979 million at April 30, 2023, $1,280 million at October 30, 2022, and $1,173 million at May 1, 2022. Other eliminations were made for accrued taxes and other accrued expenses.

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