INVENTORIES (Tables)

12 Months Ended

Oct. 30, 2022

INVENTORIES

Major Classification of Inventories

If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 30, 2022 and October 31, 2021 in millions of dollars would have been as follows:

	2022		2021
Raw materials and supplies	$	4,442	$	3,524
Work-in-process		1,190		994
Finished goods and parts		5,363		4,373
Total FIFO value		10,995		8,891
Less adjustment to LIFO value		2,500		2,110
Inventories	$	8,495	$	6,781