INVENTORIES (Tables)

6 Months Ended

Apr. 30, 2013

INVENTORIES

Major Classification of Inventories

If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) method, estimated inventories by major classification in millions of dollars would have been as follows:

	April 30 2013		October 31 2012		April 30 2012
Raw materials and supplies	$	2,006	$	1,874	$	1,890
Work-in-process	726		652		748
Finished goods and parts	4,789		4,065		4,902
Total FIFO value	7,521		6,591		7,540
Less adjustment to LIFO value	1,348		1,421		1,428
Inventories	$	6,173	$	5,170	$	6,112