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INVENTORIES (Tables)
 6 Months Ended
Apr. 30, 2017
INVENTORIES  
Major Classification of Inventories

  Most inventories owned by Deere & Company and 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:

 

 

 

 

 

 

 

 

 

 

 

 

    

April 30

    

October 30

    

May 1

 

 

 

2017

 

2016

 

2016

 

Raw materials and supplies

 

$
1,559

 

$
1,369

 

$
1,485

 

Work-in-process

 

 
531

 

 
453

 

 
507

 

Finished goods and parts

 

 
3,421

 

 
2,976

 

 
3,473

 

Total FIFO value

 

 
5,511

 

 
4,798

 

 
5,465

 

Less adjustment to LIFO value

 

 
1,396

 

 
1,457

 

 
1,404

 

Inventories

 

$
4,115

 

$
3,341

 

$
4,061