INVENTORIES (Tables)

3 Months Ended

Jan. 28, 2018

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:

	January 28		October 29		January 29
	2018		2017		2017
Raw materials and supplies	$	2,191	$	1,688	$	1,453
Work-in-process		924		495		564
Finished goods and parts		4,980		3,182		3,379
Total FIFO value		8,095		5,365		5,396
Less adjustment to LIFO value		1,481		1,461		1,436
Inventories	$	6,614	$	3,904	$	3,960