NEW ACCOUNTING STANDARDS (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 28, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NEW ACCOUNTING STANDARDS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Change for the Estimated Parts Returns | The ASU required that a gross asset and liability rather than a net liability be recorded for the value of estimated service parts returns and the related refund liability. The gross asset is recorded in other assets for the inventory value of estimated parts returns and the gross liability is recorded in accounts payable and accrued expenses for the estimated dealer refund. The table below reflects the change for the estimated parts returns in the affected lines on the consolidated balance sheet in millions of dollars.
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