INVENTORIES (Tables)

12 Months Ended

Oct. 31, 2016

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:

	2016		2015
Raw materials and supplies	$	1,369	$	1,559
Work-in-process		453		450
Finished goods and parts		2,976		3,234
Total FIFO value		4,798		5,243
Less adjustment to LIFO value		1,457		1,426
Inventories	$	3,341	$	3,817