Accrued Liabilities and Other (Tables)

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities and Other Current Liabilities

Our accrued liabilities and other current liabilities consisted of the following (in millions):

	September 30, 2024		December 31, 2023
Accrued purchases (1)	$	2,424	$	2,721
Accrued warranty reserve, current portion	1,839		1,546
Payroll and related costs	1,513		1,325
Taxes payable (2)	1,265		1,204
Customer deposits	994		876
Operating lease liabilities, current portion	797		672
Sales return reserve, current portion	226		219
Other current liabilities	1,543		517
Total	$	10,601	$	9,080

(1)Accrued purchases primarily reflects receipts of goods and services for which we had not yet been invoiced. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase.

(2)Taxes payable primarily includes value added tax, income tax, sales tax, property tax and use tax payables.