INVENTORIES (Tables)

12 Months Ended

Oct. 31, 2014

INVENTORIES

Major Classification of Inventories

If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows:

	2014		2013
Raw materials and supplies	$	1,724	$	1,954
Work-in-process	654		753
Finished goods and parts	3,360		3,757
Total FIFO value	5,738		6,464
Less adjustment to LIFO value	1,528		1,529
Inventories	$	4,210	$	4,935