XML 34 R20.htm IDEA: XBRL DOCUMENT v3.20.2

INVENTORIES

9 Months Ended

Aug. 02, 2020

INVENTORIES

INVENTORIES

(13)  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:

​

​	​	​	​	​	​	​	​	​	​	​
​		August 2			November 3			July 28
​	​	2020		​	2019		​	2019
Raw materials and supplies		$	2,101	​	$	2,285	​	$	2,365	​
Work-in-process	​	​	696	​		747	​		815	​
Finished goods and parts	​	​	4,427	​		4,613	​		5,345	​
Total FIFO value	​	​	7,224	​		7,645	​		8,525	​
Less adjustment to LIFO value	​	​	1,574	​		1,670	​		1,778	​
Inventories		$	5,650	​	$	5,975	​	$	6,747	​

​

X

- References

No definition available.

+ Details

Name:	us-gaap_InventoryDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

+ Details

Name:	us-gaap_InventoryDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration