(12) 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 29		October 29		April 30
	2018		2017		2017
Raw materials and supplies	$	2,231	$	1,688	$	1,559
Work-in-process		900		495		531
Finished goods and parts		5,208		3,182		3,421
Total FIFO value		8,339		5,365		5,511
Less adjustment to LIFO value		1,450		1,461		1,396
Inventories	$	6,889	$	3,904	$	4,115