ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Nov. 02, 2025

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

18. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses at the end of 2025 and 2024 consisted of the following:

	2025		2024
Accounts payable:
Trade payables	$	2,985	$	2,698
Dividends payable		443		405
Operating lease liabilities		314		270
Deposits withheld from dealers and merchants		143		152
Payables to unconsolidated affiliates		10		6
Other		191		204
Accrued expenses:
Employee benefits		1,577		1,925
Product warranties		1,259		1,426
Accrued taxes		1,155		1,509
Extended warranty premium		1,202		1,179
Dealer sales incentives		828		996
Unearned revenue (contractual liability)		837		744
Unearned operating lease revenue		534		495
Accrued interest		524		455
Derivative liabilities		389		582
Parts return liability		445		420
Other		1,073		1,077
Accounts payable and accrued expenses	$	13,909	$	14,543

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $1,892 at November 2, 2025, and $2,121 at October 27, 2024. Other eliminations were made for accrued taxes and other accrued expenses.