
	April 27		October 27		April 28
	2025		2024		2024
Accounts payable:
Trade payables	$	2,785	$	2,698	$	2,968
Dividends payable		443		405		409
Operating lease liabilities		280		270		270
Deposits withheld from dealers and merchants		144		152		159
Payables to unconsolidated affiliates		11		6		8
Other		225		204		184
Accrued expenses:
Employee benefits		1,164		1,925		1,550
Accrued taxes		1,224		1,509		1,453
Product warranties		1,297		1,426		1,566
Dealer sales discounts		468		996		546
Extended warranty premium		1,194		1,179		1,110
Derivative liabilities		614		582		1,005
Unearned revenue (contractual liability)		895		744		801
Unearned operating lease revenue		524		495		483
Accrued interest		525		455		513
Parts return liability		420		420		404
Other		1,132		1,077		1,180
Accounts payable and accrued expenses	$	13,345	$	14,543	$	14,609

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,059 at April 27, 2025, $2,121 at October 27, 2024, and $2,650 at April 28, 2024. Other eliminations were made for accrued taxes and other accrued expenses.