STOCK OPTION AND RESTRICTED STOCK AWARDS (Tables)

12 Months Ended

Oct. 29, 2017

The assumptions used for the binomial lattice model to determine the fair value of options follow:


	2017	2016	2015
Risk-free interest rate	.88% - 2.5%	.23% - 2.3%	.04% - 2.3%
Expected dividends	2.4%	2.8%	2.5%
Expected volatility	24.0% - 24.8%	25.2% - 29.0%	23.4% - 25.7%
Weighted-average volatility	24.5%	26.5%	25.6%
Expected term (in years)	7.8 - 8.6	7.0 - 8.6	7.2 - 8.2

Stock option activity at October 29, 2017 and changes during 2017 in millions of dollars and shares follow:


				Remaining
				Contractual	Aggregate
		Exercise		Term	Intrinsic
	Shares	Price*		(Years)	Value
Outstanding at beginning of year	17.5	$	78.73
Granted	.7		100.55
Exercised	(6.9)		76.56
Expired or forfeited	(.1)		86.81
Outstanding at end of year	11.2		81.39	6.17	$	581.6
Exercisable at end of year	7.8		79.64	5.34		418.9

* Weighted-averages

The company’s restricted shares at October 29, 2017 and changes during 2017 in millions of shares follow:


		Grant-Date
	Shares	Fair Value*
Service based only
Nonvested at beginning of year	.3	$	84.86
Granted	.5		101.03
Vested	(.1)		86.40
Nonvested at end of year	.7		95.90
Performance/service and market/service based
Nonvested at beginning of year	.4	$	94.88
Granted	.1		111.78
Performance change	(.1)		81.53
Nonvested at end of year	.4		98.46

* Weighted-averages