INVENTORIES (Tables)

3 Months Ended

Feb. 02, 2020

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:

	February 2		November 3		January 27
	2020		2019		2019
Raw materials and supplies	$	2,311	$	2,285	$	2,506
Work-in-process		818		747		1,026
Finished goods and parts		4,946		4,613		5,693
Total FIFO value		8,075		7,645		9,225
Less adjustment to LIFO value		1,593		1,670		1,823
Inventories	$	6,482	$	5,975	$	7,402