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INVENTORIES (Tables)
12 Months Ended
Oct. 29, 2017
INVENTORIES  
Major Classification of Inventories

If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 29, 2017 and October 30, 2016 in millions of dollars would have been as follows:

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

 

Raw materials and supplies

 

$

1,688

 

$

1,369

 

Work-in-process

 

 

495

 

 

453

 

Finished goods and parts

 

 

3,182

 

 

2,976

 

Total FIFO value

 

 

5,365

 

 

4,798

 

Less adjustment to LIFO value

 

 

1,461

 

 

1,457

 

Inventories

 

$

3,904

 

$

3,341