
	May 3		November 2		April 27
	2026		2025		2025
Accounts payable:
Trade payables	$	3,304	$	2,985	$	2,785
Dividends payable		442		443		443
Operating lease liabilities		340		314		280
Deposits withheld from dealers and merchants		137		143		144
Payables to unconsolidated affiliates		29		10		11
Other		212		191		225
Accrued expenses:
Employee benefits		799		1,577		1,164
Product warranties		1,336		1,259		1,297
Accrued taxes		1,090		1,155		1,224
Extended warranty premium		1,210		1,202		1,194
Dealer sales incentives		541		828		468
Unearned revenue (contractual liability)		945		837		895
Unearned operating lease revenue		553		534		524
Accrued interest		558		524		525
Derivative liabilities		538		389		614
Parts return liability		436		445		420
Other		1,183		1,073		1,132
Accounts payable and accrued expenses	$	13,653	$	13,909	$	13,345

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,012 at May 3, 2026, $1,892 at November 2, 2025, and $2,059 at April 27, 2025. Other eliminations were made for accrued taxes and other accrued expenses.