INVENTORIES (Tables)

3 Months Ended

Jan. 31, 2014

INVENTORIES

Major Classification of Inventories

         Most inventories owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method.  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:

	January 31 2014		October 31 2013		January 31 2013
Raw materials and supplies	$	2,108	$	1,954	$	2,045
Work-in-process	847		753		815
Finished goods and parts	4,151		3,757		4,775
Total FIFO value	7,106		6,464		7,635
Less adjustment to LIFO value	1,551		1,529		1,392
Inventories	$	5,555	$	4,935	$	6,243