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INVENTORIES (Tables) | 12 Months Ended
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Oct. 27, 2024
INVENTORIES |
Major Classification of Inventories | A majority of inventories owned by us are valued at cost on the “last-in, first-out” (LIFO) basis. If all inventories valued on a LIFO basis had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows at the end of 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
Raw materials and supplies |  | $ | 3,486 |  | $ | 4,080 |
Work-in-process | ​ |  | 930 | ​ |  | 1,010 | ​
Finished goods and parts | ​ |  | 5,364 | ​ |  | 5,435 | ​
Total FIFO value | ​ |  | 9,780 | ​ |  | 10,525 | ​
Excess of FIFO over LIFO | ​ |  | 2,687 | ​ |  | 2,365 | ​
Inventories |  | $ | 7,093 |  | $ | 8,160 | ​
Percent valued on LIFO basis |  | ​ | 54% | ​ | ​ | 53% | ​
​

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