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INVENTORIES (Tables) | 3 Months Ended
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Jan. 27, 2019
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:
|  | January 27 |  | October 28 |  | January 28 |
|  | 2019 |  | 2018 |  | 2018 |
Raw materials and supplies |  | $ | 2,506 |  | $ | 2,233 |  | $ | 2,191 |
Work-in-process |  |  | 1,026 |  |  | 776 |  |  | 924 |
Finished goods and parts |  |  | 5,693 |  |  | 4,777 |  |  | 4,980 |
Total FIFO value |  |  | 9,225 |  |  | 7,786 |  |  | 8,095 |
Less adjustment to LIFO value |  |  | 1,823 |  |  | 1,637 |  |  | 1,481 |
Inventories |  | $ | 7,402 |  | $ | 6,149 |  | $ | 6,614 |

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