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INVENTORIES (Tables)
3 Months Ended
Jan. 29, 2023
INVENTORIES  
Major Classification of Inventories If all of the Company’s inventories had been valued on a “first-in, first-out” (FIFO) basis, estimated inventories by major classification in millions of dollars would have been as follows:

    

January 29

    

October 30

    

January 30

 

2023

2022

2022

 

Raw materials and supplies

 

$

4,975

$

4,442

$

4,034

Work-in-process

1,478

 

1,190

 

1,460

Finished goods and parts

6,347

 

5,363

 

4,790

Total FIFO value

12,800

 

10,995

 

10,284

Less adjustment to LIFO value

2,744

 

2,500

 

2,349

Inventories

 

$

10,056

$

8,495

$

7,935