SUBSEQUENT EVENT

3 Months Ended

Jan. 31, 2014

SUBSEQUENT EVENT

SUBSEQUENT EVENT

(19)  On February 26, 2014, the Company entered into an agreement to sell the stock and certain assets of the entities that compose the Company’s Water operations to FIMI Opportunity Funds.  These operations are included in the Company’s agriculture and turf segment.  The planned sale is a result of the Company’s intention to invest its resources in growing its core businesses.  The Company does not anticipate a significant after-tax gain or loss resulting from the probable sale.

The major classes of the total consolidated assets and liabilities of the Water operations were as follows in millions of dollars:

	January 31, 2014
Trade accounts and notes receivable – net	$	40
Other receivables	9
Inventories	53
Other assets	3
Total assets	$	105
Accounts payable and accrued expenses	$	44
Retirement benefits and other liabilities	2
Total liabilities	$	46