DEERE & CO

For the period ended Nov 2, 2025. Filed Dec 18, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 18, 2025

DE$687.64-0.5%Stored close · as of Nov 10, 2026

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Contents

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.

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