STOCK OPTION AND RESTRICTED STOCK AWARDS (Tables)

12 Months Ended

Oct. 31, 2014

The assumptions used for the binomial lattice model to determine the fair value of options follow:


	2014	2013	2012

Risk-free interest rate	.03% - 2.9%	.04% - 1.7%	.01% - 2.0%
Expected dividends	2.3%	2.3%	1.9%
Expected volatility	25.9% - 32.0%	26.6% - 32.5%	34.1% - 41.9%
Weighted-average volatility	31.9%	32.4%	33.6%
Expected term (in years)	7.3 - 7.4	7.3 - 7.9	6.8 - 7.8

Stock option activity at October 31, 2014 and changes during 2014 in millions of dollars and shares follow:


	Shares		Exercise Price*		Remaining Contractual Term (Years)	Aggregate Intrinsic Value

Outstanding at beginning of year	15.7		$	64.82
Granted	2.4		87.46
Exercised	(3.0	)	48.53
Expired or forfeited	(.2	)	85.99

Outstanding at end of year	14.9		71.64		6.06	$	218.4

Exercisable at end of year	9.0		67.02		5.21	171.5

* Weighted-averages

The company’s nonvested restricted shares at October 31, 2014 and changes during 2014 in millions of shares follow:

	Shares	Grant-Date Fair Value*
Service based only
Nonvested at beginning of year	.3	$	81.00
Granted	.1	87.16
Vested	(.1)	81.67

Nonvested at end of year	.3	83.00

Performance/service and market/service based
Nonvested at beginning of year	.4	$	88.86
Granted	.1	99.20
Vested	(.1)	76.17
Performance change	.1	76.17
Expired or forfeited	(.1)	107.10

Nonvested at end of year	.4	91.30

* Weighted-averages