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INVENTORIES (Tables)
9 Months Ended
Aug. 01, 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:

    

August 1

    

November 1

    

August 2

 

2021

2020

2020

 

Raw materials and supplies

 

$

2,895

$

1,995

$

2,101

Work-in-process

1,124

 

648

 

696

Finished goods and parts

4,176

 

4,006

 

4,427

Total FIFO value

8,195

 

6,649

 

7,224

Less adjustment to LIFO value

1,785

 

1,650

 

1,574

Inventories

 

$

6,410

$

4,999

$

5,650