STOCK OPTION AND RESTRICTED STOCK AWARDS (Tables)

12 Months Ended

Oct. 31, 2013

STOCK OPTION AND RESTRICTED STOCK AWARDS

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

	2013	2012	2011
Risk-free interest rate	.04% - 1.7%	.01% - 2.0%	.08% - 3.3%
Expected dividends	2.3%	1.9%	1.9%
Expected volatility	26.6% - 32.5%	34.1% - 41.9%	34.4% - 34.6%
Weighted-average volatility	32.4%	33.6%	34.4%
Expected term (in years)	7.3 - 7.9	6.8 - 7.8	6.8 - 7.8

Stock Option Activity

Stock option activity at October 31, 2013 and changes during 2013 in millions of dollars and shares follow:

				Remaining
				Contractual	Aggregate
		Exercise		Term	Intrinsic
	Shares	Price*		(Years)	Value
Outstanding at beginning of year	17.4	$	56.78
Granted	2.5	86.36
Exercised	(4.0)	42.88
Expired or forfeited	(.2)	81.97
Outstanding at end of year	15.7	64.82		5.99	$	290.3
Exercisable at end of year	11.3	58.26		5.02	278.4

*Weighted-averages

Nonvested Restricted Share Activity

The company’s nonvested restricted shares at October 31, 2013 and changes during 2013 in millions of shares follow:

	Shares	Grant-Date Fair Value*
Service based only
Nonvested at beginning of year	.4	$	66.55
Granted	.1	86.88
Vested	(.2)	57.15
Nonvested at end of year	.3	81.00
Performance/service and market/service based
Nonvested at beginning of year	.3	$	86.39
Granted	.1	93.74
Nonvested at end of year	.4	88.86

* Weighted-averages