ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Jan. 28, 2024

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

(13) Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:


	January 28		October 29		January 29
	2024		2023		2023
Accounts payable:
Trade payables	$	3,184	$	3,467	$	3,616
Dividends payable		413		388		358
Operating lease liabilities		293		281		305
Deposits withheld from dealers and merchants		153		163		153
Payables to unconsolidated affiliates		6		6		10
Other		183		153		156
Accrued expenses:
Employee benefits		1,107		2,152		1,015
Product warranties		1,589		1,610		1,444
Accrued taxes		1,364		1,558		1,336
Derivative liabilities		744		1,130		891
Dealer sales discounts		243		1,243		256
Extended warranty premium		1,047		1,021		901
Unearned revenue (contractual liability)		700		676		601
Unearned operating lease revenue		456		451		406
Accrued interest		502		434		371
Other		1,377		1,397		1,289
Accounts payable and accrued expenses	$	13,361	$	16,130	$	13,108

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,410 at January 28, 2024, $2,228 at October 29, 2023, and $1,540 at January 29, 2023. Other eliminations were made for accrued taxes and other accrued expenses.