Accounts payable and accrued expenses at October 29, 2017 and October 30, 2016 consisted of the following in millions of dollars:


	2017		2016
Equipment Operations
Accounts payable:
Trade payables	$	2,069	$	1,598
Dividends payable		194		189
Other		164		193
Accrued expenses:
Dealer sales discounts		1,559		1,371
Product warranties		1,007		779
Employee benefits		861		861
Unearned revenue		520		401
Other		1,344		1,269
Total		7,718		6,661
Financial Services
Accounts payable:
Deposits withheld from dealers and merchants		207		230
Other		275		268
Accrued expenses:
Unearned revenue		797		735
Accrued interest		148		125
Employee benefits		55		52
Other		345		185
Total		1,827		1,595
Eliminations*		1,128		1,016
Accounts payable and accrued expenses	$	8,417	$	7,240

* Primarily trade receivable valuation accounts which are reclassified as accrued expenses by the equipment operations as a result of their trade receivables being sold to financial services.