DEERE & CO

For the period ended Oct 27, 2024. Filed Dec 12, 2024.

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.

FY2024 · Filed Dec 12, 2024

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 2024 and 2023 consisted of the following:


· 2024 · 2023
Accounts payable:
Trade payables	$2,698	$3,467
Dividends payable	405	388
Operating lease liabilities	270	281
Deposits withheld from dealers and merchants	152	163
Payables to unconsolidated affiliates	6	6
Other	204	153
Accrued expenses:
Employee benefits	1,925	2,152
Accrued taxes	1,509	1,558
Product warranties	1,426	1,610
Dealer sales incentives	996	1,243
Extended warranty premium	1,179	1,021
Derivative liabilities	582	1,130
Unearned revenue (contractual liability)	744	676
Unearned operating lease revenue	495	451
Accrued interest	455	434
Parts return liability	420	392
Other	1,077	1,005
Accounts payable and accrued expenses	$14,543	$16,130

Amounts are presented net of eliminations, which primarily consist of dealer sales incentives with a right of set-off against trade receivables of $2,121 at October 27, 2024 and $2,228 at

October 29, 2023. Other eliminations were made for accrued taxes and other accrued expenses.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.