| Accounts Payable and Accrued Expenses |
Accounts payable and accrued expenses consisted of the following: | | | | | | | | | | | | | April 28 | | October 29 | | April 30 | | | | 2024 | | 2023 | | 2023 | | Accounts payable: | | | | | | | | | | | Trade payables | | $ | 2,968 | | $ | 3,467 | | $ | 3,680 | | Dividends payable | | | 409 | | | 388 | | | 371 | | Operating lease liabilities | | | 270 | | | 281 | | | 294 | | Deposits withheld from dealers and merchants | | | 159 | | | 163 | | | 157 | | Payables to unconsolidated affiliates | | | 8 | | | 6 | | | 9 | | Other | | | 184 | | | 153 | | | 131 | | Accrued expenses: | | | | | | | | | | | Employee benefits | | | 1,550 | | | 2,152 | | | 1,475 | | Product warranties | | | 1,566 | | | 1,610 | | | 1,562 | | Accrued taxes | | | 1,453 | | | 1,558 | | | 1,691 | | Derivative liabilities | | | 1,005 | | | 1,130 | | | 758 | | Dealer sales discounts | | | 546 | | | 1,243 | | | 605 | | Extended warranty premium | | | 1,110 | | | 1,021 | | | 949 | | Unearned revenue (contractual liability) | | | 801 | | | 676 | | | 673 | | Unearned operating lease revenue | | | 483 | | | 451 | | | 441 | | Accrued interest | | | 513 | | | 434 | | | 354 | | Parts return liability | | | 404 | | | 392 | | | 376 | | Other | | | 1,180 | | | 1,005 | | | 1,190 | | Accounts payable and accrued expenses | | $ | 14,609 | | $ | 16,130 | | $ | 14,716 | |
Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,650 at April 28, 2024, $2,228 at October 29, 2023, and $1,979 at April 30, 2023. Other eliminations were made for accrued taxes and other accrued expenses.
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