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INVENTORIES (Tables) | 9 Months Ended
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Jul. 28, 2019
INVENTORIES |
Major Classification of Inventories | A majority of inventory 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 28 |  | October 28 |  | July 29 |
​ | ​ | 2019 | ​ | 2018 | ​ | 2018 |
Raw materials and supplies |  | $ | 2,365 | ​ | $ | 2,233 | ​ | $ | 2,126 | ​
Work-in-process | ​ | ​ | 815 | ​ |  | 776 | ​ |  | 795 | ​
Finished goods and parts | ​ | ​ | 5,345 | ​ |  | 4,777 | ​ |  | 4,768 | ​
Total FIFO value | ​ | ​ | 8,525 | ​ |  | 7,786 | ​ |  | 7,689 | ​
Less adjustment to LIFO value | ​ | ​ | 1,778 | ​ |  | 1,637 | ​ |  | 1,450 | ​
Inventories |  | $ | 6,747 | ​ | $ | 6,149 | ​ | $ | 6,239 | ​
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