ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Jan. 26, 2025

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:


	January 26		October 27		January 28
	2025		2024		2024
Accounts payable:
Trade payables	$	2,393	$	2,698	$	3,184
Dividends payable		443		405		413
Operating lease liabilities		274		270		293
Deposits withheld from dealers and merchants		136		152		153
Payables to unconsolidated affiliates		8		6		6
Other		207		204		183
Accrued expenses:
Employee benefits		786		1,925		1,107
Accrued taxes		1,111		1,509		1,364
Product warranties		1,360		1,426		1,589
Dealer sales discounts		246		996		243
Extended warranty premium		1,173		1,179		1,047
Derivative liabilities		750		582		744
Unearned revenue (contractual liability)		854		744		700
Unearned operating lease revenue		474		495		456
Accrued interest		487		455		502
Parts return liability		418		420		393
Other		1,042		1,077		984
Accounts payable and accrued expenses	$	12,162	$	14,543	$	13,361

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,901 at January 26, 2025, $2,121 at October 27, 2024, and $2,410 at January 28, 2024. Other eliminations were made for accrued taxes and other accrued expenses.