NEW ACCOUNTING STANDARDS (Tables)

9 Months Ended

Jul. 28, 2019

NEW ACCOUNTING STANDARDS

Schedule of Change for the Estimated Parts Returns

The ASU required that a gross asset and liability rather than a net liability be recorded for the value of estimated service parts returns and the related refund liability. The gross asset is recorded in other assets for the inventory value of estimated parts returns and the gross liability is recorded in accounts payable and accrued expenses for the estimated dealer refund. The table below reflects the change for the estimated parts returns in the affected lines on the consolidated balance sheet in millions of dollars.

	October 28, 2018		Cumulative Effect from Adoption		October 29, 2018
Assets
Other assets	$	1,718	$	110	$	1,828
Liabilities
Accounts payable and accrued expenses	$	10,111	$	110	$	10,221