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INVENTORIES (Tables)
 9 Months Ended
Jul. 29, 2018
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 29

    

October 29

    

July 30

 

 

 

2018

 

2017

 

2017

 

Raw materials and supplies

 

$

2,126

 

$

1,688

 

$

1,571

 

Work-in-process

 

 

795

 

 

495

 

 

517

 

Finished goods and parts

 

 

4,768

 

 

3,182

 

 

3,571

 

Total FIFO value

 

 

7,689

 

 

5,365

 

 

5,659

 

Less adjustment to LIFO value

 

 

1,450

 

 

1,461

 

 

1,406

 

Inventories

 

$

6,239

 

$

3,904

 

$

4,253