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INVENTORIES (Tables) | 12 Months Ended
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Oct. 31, 2014
INVENTORIES |
Major Classification of Inventories | If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows:
|  | 2014 |  | 2013 |
Raw materials and supplies |  | $ | 1,724 |  | $ | 1,954 |
Work-in-process |  | 654 |  | 753 |
Finished goods and parts |  | 3,360 |  | 3,757 |
Total FIFO value |  | 5,738 |  | 6,464 |
Less adjustment to LIFO value |  | 1,528 |  | 1,529 |
Inventories |  | $ | 4,210 |  | $ | 4,935 |

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
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