INVENTORIES (Tables)

12 Months Ended

Oct. 31, 2012

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:

	2012		2011
Raw materials and supplies	$	1,874	$	1,626
Work-in-process	652		647
Finished goods and parts	4,065		3,584
Total FIFO value	6,591		5,857
Less adjustment to LIFO value	1,421		1,486
Inventories	$	5,170	$	4,371