INVENTORIES (Tables)

3 Months Ended

Jan. 31, 2021

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:

	January 31		November 1		February 2
	2021		2020		2020
Raw materials and supplies	$	2,303	$	1,995	$	2,311
Work-in-process		839		648		818
Finished goods and parts		4,485		4,006		4,946
Total FIFO value		7,627		6,649		8,075
Less adjustment to LIFO value		1,671		1,650		1,593
Inventories	$	5,956	$	4,999	$	6,482