STOCK OPTION AND RESTRICTED STOCK AWARDS (Tables)

12 Months Ended

Oct. 31, 2012

STOCK OPTION AND RESTRICTED STOCK AWARDS

Assumptions Used for the Binomial Lattice Model to Determine Fair Value of Options

The assumptions used for the binomial lattice model to determine the fair value of options follow:

	2012	2011	2010
Risk-free interest rate	.01% - 2.0%	.08% - 3.3%	.01% - 3.6%
Expected dividends	1.9%	1.9%	2.9%
Expected volatility	34.1% - 41.9%	34.4% - 34.6%	35.3% - 47.2%
Weighted-average volatility	33.6%	34.4%	35.6%
Expected term (in years)	6.8 - 7.8	6.8 - 7.8	6.6 - 7.7

Stock Option Activity

Stock option activity at October 31, 2012 and changes during 2012 in millions of dollars and shares follow:

					Remaining
					Contractual	Aggregate
			Exercise		Term	Intrinsic
	Shares		Price*		(Years)	Value
Outstanding at beginning of year	16.9		$	51.70
Granted	2.5		74.24
Exercised	(1.8	)	33.33
Expired or forfeited	(.2	)	74.51
Outstanding at end of year	17.4		56.78		5.96	$	500.2
Exercisable at end of year	12.8		51.58		5.08	432.5

* Weighted-averages

Nonvested Restricted Share Activity

The company’s nonvested restricted shares at October 31, 2012 and changes during 2012 in millions of shares follow:

			Grant-Date
	Shares		Fair Value*
Service based only
Nonvested at beginning of year	.6		$	49.91
Granted	.1		75.27
Vested	(.3	)	41.59
Nonvested at end of year	.4		66.55
Performance/service and market/service based
Nonvested at beginning of year	.1		$	91.74
Granted	.2		81.50
Nonvested at end of year	.3		86.39

* Weighted-averages