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INVENTORIES (Tables) | 9 Months Ended
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Jul. 31, 2014
INVENTORIES |
Major Classification of Inventories | Most inventories owned by Deere & Company, its U.S. equipment subsidiaries and certain foreign equipment subsidiaries are valued at cost on the “last-in, first-out” (LIFO) method. 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:
|  | July 31 2014 |  | October 31 2013 |  | July 31 2013 |
Raw materials and supplies |  | $ | 1,848 |  | $ | 1,954 |  | $ | 1,917 |
Work-in-process |  | 792 |  | 753 |  | 690 |
Finished goods and parts |  | 4,361 |  | 3,757 |  | 4,391 |
Total FIFO value |  | 7,001 |  | 6,464 |  | 6,998 |
Less adjustment to LIFO value |  | 1,562 |  | 1,529 |  | 1,404 |
Inventories |  | $ | 5,439 |  | $ | 4,935 |  | $ | 5,594 |

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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 SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
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