ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Oct. 27, 2024

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses at the end of 2024 and 2023 consisted of the following:


	2024		2023
Accounts payable:
Trade payables	$	2,698	$	3,467
Dividends payable		405		388
Operating lease liabilities		270		281
Deposits withheld from dealers and merchants		152		163
Payables to unconsolidated affiliates		6		6
Other		204		153
Accrued expenses:
Employee benefits		1,925		2,152
Accrued taxes		1,509		1,558
Product warranties		1,426		1,610
Dealer sales incentives		996		1,243
Extended warranty premium		1,179		1,021
Derivative liabilities		582		1,130
Unearned revenue (contractual liability)		744		676
Unearned operating lease revenue		495		451
Accrued interest		455		434
Parts return liability		420		392
Other		1,077		1,005
Accounts payable and accrued expenses	$	14,543	$	16,130

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,121 at October 27, 2024 and $2,228 at October 29, 2023. Other eliminations were made for accrued taxes and other accrued expenses.