INVENTORIES (Tables)

6 Months Ended

Apr. 30, 2016

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:

	April 30		October 31		April 30
	2016		2015		2015
Raw materials and supplies	$	1,485	$	1,559	$	1,675
Work-in-process		507		450		630
Finished goods and parts		3,473		3,234		3,831
Total FIFO value		5,465		5,243		6,136
Less adjustment to LIFO value		1,404		1,426		1,512
Inventories	$	4,061	$	3,817	$	4,624