INVENTORIES (Details) - USD ($) $ in Millions	Aug. 02, 2020	Nov. 03, 2019	Jul. 28, 2019
INVENTORIES
Raw materials and supplies	$ 2,101	$ 2,285	$ 2,365
Work-in-process	696	747	815
Finished goods and parts	4,427	4,613	5,345
Total FIFO value	7,224	7,645	8,525
Less adjustment to LIFO value	1,574	1,670	1,778
Inventories	$ 5,650	$ 5,975	$ 6,747

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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- References

No definition available.

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- Definition

Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

+ References

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Amount by which inventory stated at last-in first-out (LIFO) is less than (in excess of) inventory stated at other inventory cost methods.

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- Definition

Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed. This amount is net of valuation reserves and adjustments.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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