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INVENTORIES (Tables) | 9 Months Ended
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Jul. 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:
|  | July 30 |  | October 30 |  | July 31 |
|  | 2017 |  | 2016 |  | 2016 |
Raw materials and supplies |  | $ | 1,571 |  | $ | 1,369 |  | $ | 1,394 |
Work-in-process |  |  | 517 |  |  | 453 |  |  | 460 |
Finished goods and parts |  |  | 3,571 |  |  | 2,976 |  |  | 3,395 |
Total FIFO value |  |  | 5,659 |  |  | 4,798 |  |  | 5,249 |
Less adjustment to LIFO value |  |  | 1,406 |  |  | 1,457 |  |  | 1,398 |
Inventories |  | $ | 4,253 |  | $ | 3,341 |  | $ | 3,851 |

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