INVENTORIES (Details) (USD $) In Millions, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011	Jul. 31, 2011
INVENTORIES
Raw materials and supplies	$ 1,876	$ 1,626	$ 1,628
Work-in-process	639	647	567
Finished goods and parts	4,673	3,584	3,954
Total FIFO value	7,188	5,857	6,149
Less adjustment to LIFO value	1,321	1,486	1,461
Inventories	$ 5,867.5	$ 4,370.6	$ 4,687.7

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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-Publisher FASB

-Name Accounting Standards Codification

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-Name Accounting Research Bulletin (ARB)

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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- Definition

Reflects the difference between (a) inventory at the lower of LIFO cost or market and (b) inventory at replacement cost or at the lower of some acceptable inventory accounting method (such as FIFO or average cost), or market. If material, reflects an excess of replacement or current cost over stated LIFO value parenthetically on the balance sheet or in a note to the financial statements.

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Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).

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Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed. This amount is net of valuation reserves and adjustments.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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