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INVENTORIES | 12 Months Ended
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Oct. 27, 2024
INVENTORIES |
INVENTORIES | 13. 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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- 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 -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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