INVENTORIES (Tables)

9 Months Ended

Jul. 31, 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:

	July 31 2013		October 31 2012		July 31 2012
Raw materials and supplies	$	1,917	$	1,874	$	1,876
Work-in-process	690		652		639
Finished goods and parts	4,391		4,065		4,673
Total FIFO value	6,998		6,591		7,188
Less adjustment to LIFO value	1,404		1,421		1,321
Inventories	$	5,594	$	5,170	$	5,867