INVENTORIES (Tables)

12 Months Ended

Oct. 31, 2021

INVENTORIES

Major Classification of Inventories

If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31, 2021 and November 1, 2020 in millions of dollars would have been as follows:

	2021		2020
Raw materials and supplies	$	3,524	$	1,995
Work-in-process		994		648
Finished goods and parts		4,373		4,006
Total FIFO value		8,891		6,649
Less adjustment to LIFO value		2,110		1,650
Inventories	$	6,781	$	4,999