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PROPERTY AND DEPRECIATION (Tables)
12 Months Ended
Oct. 31, 2014
PROPERTY AND DEPRECIATION  
Schedule of Property and Equipment

A summary of property and equipment at October 31 in millions of dollars follows:

 

Useful Lives*
(Years)

 

2014

 

2013

 

Equipment Operations

 

 

 

 

 

 

 

Land

 

 

 

$

120

 

$

123

 

Buildings and building equipment

 

23

 

3,037

 

2,875

 

Machinery and equipment

 

11

 

5,089

 

4,931

 

Dies, patterns, tools, etc.

 

8

 

1,552

 

1,492

 

All other

 

5

 

889

 

866

 

Construction in progress

 

 

 

530

 

728

 

Total at cost

 

 

 

11,217

 

11,015

 

Less accumulated depreciation

 

 

 

5,694

 

5,606

 

Total

 

 

 

5,523

 

5,409

 

Financial Services

 

 

 

 

 

 

 

Land

 

 

 

4

 

4

 

Buildings and building equipment

 

27

 

71

 

71

 

All other

 

6

 

37

 

36

 

Total at cost

 

 

 

112

 

111

 

Less accumulated depreciation

 

 

 

57

 

53

 

Total

 

 

 

55

 

58

 

Property and equipment-net

 

 

 

$

5,578

 

$

5,467

 

*   Weighted-averages