INVENTORIES (Tables)

9 Months Ended

Jul. 31, 2015

INVENTORIES

Major Classification of Inventories

  Most inventories owned by Deere & Company and its U.S. equipment subsidiaries and certain foreign 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:

	July 31		October 31		July 31
	2015		2014		2014
Raw materials and supplies	$	1,587	$	1,724	$	1,848
Work-in-process		522		654		792
Finished goods and parts		3,701		3,360		4,361
Total FIFO value		5,810		5,738		7,001
Less adjustment to LIFO value		1,491		1,528		1,562
Inventories	$	4,319	$	4,210	$	5,439