INVENTORIES (Tables)

6 Months Ended

Apr. 28, 2019

INVENTORIES

Major Classification of Inventories

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 28		October 28		April 29
	2019		2018		2018
Raw materials and supplies	$	2,424	$	2,233	$	2,231
Work-in-process		873		776		900
Finished goods and parts		5,729		4,777		5,208
Total FIFO value		9,026		7,786		8,339
Less adjustment to LIFO value		1,865		1,637		1,450
Inventories	$	7,161	$	6,149	$	6,889