INVENTORIES (Tables)

12 Months Ended

Oct. 31, 2015

INVENTORIES

Major Classification of Inventories

If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows:

	2015		2014
Raw materials and supplies	$	1,559	$	1,724
Work-in-process		450		654
Finished goods and parts		3,234		3,360
Total FIFO value		5,243		5,738
Less adjustment to LIFO value		1,426		1,528
Inventories	$	3,817	$	4,210