
	February 1		November 2		January 26
	2026		2025		2025
Accounts payable:
Trade payables	$	2,987	$	2,985	$	2,393
Dividends payable		441		443		443
Operating lease liabilities		320		314		274
Deposits withheld from dealers and merchants		138		143		136
Payables to unconsolidated affiliates		17		10		8
Other		230		191		207
Accrued expenses:
Employee benefits		530		1,577		786
Product warranties		1,311		1,259		1,360
Accrued taxes		1,001		1,155		1,111
Extended warranty premium		1,199		1,202		1,173
Dealer sales incentives		318		828		246
Unearned revenue (contractual liability)		922		837		854
Unearned operating lease revenue		519		534		474
Accrued interest		500		524		487
Derivative liabilities		593		389		750
Parts return liability		449		445		418
Other		1,058		1,073		1,042
Accounts payable and accrued expenses	$	12,533	$	13,909	$	12,162

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,898 at February 1, 2026, $1,892 at November 2, 2025, and $1,901 at January 26, 2025. Other eliminations were made for accrued taxes and other accrued expenses.