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INVENTORIES (Tables) | 6 Months Ended
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May 02, 2021
INVENTORIES |
Major Classification of Inventories | 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | May 2 |  | November 1 |  | May 3 |
​ | ​ | 2021 | ​ | 2020 | ​ | 2020 |
Raw materials and supplies |  | $ | 2,469 | ​ | $ | 1,995 | ​ | $ | 2,394 | ​
Work-in-process | ​ | ​ | 967 | ​ |  | 648 | ​ |  | 722 | ​
Finished goods and parts | ​ | ​ | 4,334 | ​ |  | 4,006 | ​ |  | 4,646 | ​
Total FIFO value | ​ | ​ | 7,770 | ​ |  | 6,649 | ​ |  | 7,762 | ​
Less adjustment to LIFO value | ​ | ​ | 1,728 | ​ |  | 1,650 | ​ |  | 1,591 | ​
Inventories |  | $ | 6,042 | ​ | $ | 4,999 | ​ | $ | 6,171 | ​

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