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PROPERTY AND DEPRECIATION (Tables)
12 Months Ended
Oct. 31, 2015
PROPERTY AND DEPRECIATION  
Schedule of Property and Equipment

A summary of property and equipment at October 31 in millions of dollars follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Lives*

 

 

 

 

 

 

 

 

  

(Years)

  

2015

  

2014

 

 

 

 

 

 

 

 

 

 

 

Equipment Operations

 

 

 

 

 

 

 

 

 

Land

 

 

 

$

114 

 

$

120 

 

Buildings and building equipment

 

23

 

 

3,016 

 

 

3,037 

 

Machinery and equipment

 

11

 

 

5,055 

 

 

5,089 

 

Dies, patterns, tools, etc.

 

 8

 

 

1,567 

 

 

1,552 

 

All other

 

 5

 

 

875 

 

 

889 

 

Construction in progress

 

 

 

 

345 

 

 

530 

 

Total at cost

 

 

 

 

10,972 

 

 

11,217 

 

Less accumulated depreciation

 

 

 

 

5,846 

 

 

5,694 

 

Total

 

 

 

 

5,126 

 

 

5,523 

 

Financial Services

 

 

 

 

 

 

 

 

 

Land

 

 

 

 

 

 

 

Buildings and building equipment

 

27

 

 

73 

 

 

71 

 

All other

 

 6

 

 

36 

 

 

37 

 

Total at cost

 

 

 

 

113 

 

 

112 

 

Less accumulated depreciation

 

 

 

 

58 

 

 

57 

 

Total

 

 

 

 

55 

 

 

55 

 

Property and equipment-net

 

 

 

$

5,181 

 

$

5,578 

 

*Weighted-averages