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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 9 Months Ended
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Jul. 28, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | July 28 |  | October 29 |  | July 30 |
​ | ​ | 2024 | ​ | 2023 | ​ | 2023 | ​
Accounts payable: |  |  |  |  |  |  |  |  |  | ​
Trade payables | ​ | $ | 2,580 |  | $ | 3,467 |  | $ | 3,308 | ​
Dividends payable | ​ |  | 407 | ​ |  | 388 | ​ |  | 365 | ​
Operating lease liabilities | ​ | ​ | 258 | ​ | ​ | 281 | ​ | ​ | 308 | ​
Deposits withheld from dealers and merchants | ​ | ​ | 151 | ​ | ​ | 163 | ​ | ​ | 158 | ​
Payables to unconsolidated affiliates | ​ | ​ | 4 | ​ | ​ | 6 | ​ | ​ | 4 | ​
Other | ​ |  | 173 | ​ |  | 153 | ​ |  | 173 | ​
Accrued expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employee benefits | ​ |  | 1,802 | ​ |  | 2,152 | ​ |  | 1,808 | ​
Product warranties | ​ |  | 1,513 | ​ |  | 1,610 | ​ |  | 1,619 | ​
Accrued taxes | ​ | ​ | 1,497 | ​ | ​ | 1,558 | ​ | ​ | 1,595 | ​
Derivative liabilities | ​ | ​ | 582 | ​ | ​ | 1,130 | ​ | ​ | 948 | ​
Dealer sales discounts | ​ |  | 846 | ​ |  | 1,243 | ​ |  | 902 | ​
Extended warranty premium | ​ | ​ | 1,129 | ​ | ​ | 1,021 | ​ | ​ | 999 | ​
Unearned revenue (contractual liability) | ​ |  | 766 | ​ |  | 676 | ​ |  | 754 | ​
Unearned operating lease revenue | ​ | ​ | 480 | ​ | ​ | 451 | ​ | ​ | 428 | ​
Accrued interest | ​ | ​ | 478 | ​ | ​ | 434 | ​ | ​ | 402 | ​
Parts return liability | ​ | ​ | 404 | ​ | ​ | 392 | ​ | ​ | 378 | ​
Other | ​ |  | 1,327 | ​ |  | 1,005 | ​ |  | 1,191 | ​
Accounts payable and accrued expenses |  | $ | 14,397 |  | $ | 16,130 | ​ | $ | 15,340 | ​
Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,535 at July 28, 2024, $2,228 at October 29, 2023, and $2,240 at July 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

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- 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
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