INVENTORIES (Details) - USD ($) $ in Millions	Apr. 28, 2024	Oct. 29, 2023	Apr. 30, 2023
INVENTORIES
Raw materials and supplies	$ 3,851	$ 4,080	$ 4,647
Work-in-process	1,127	1,010	1,262
Finished goods and parts	5,979	5,435	6,435
Total FIFO value	10,957	10,525	12,344
Excess of FIFO over LIFO	2,514	2,365	2,631
Inventories	$ 8,443	$ 8,160	$ 9,713

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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No definition available.

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- Definition

Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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- Definition

Amount by which inventory stated at last-in first-out (LIFO) is less than (in excess of) inventory stated at other inventory cost methods.

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- Definition

Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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- Definition

Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed. This amount is net of valuation reserves and adjustments.

+ References

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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