GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Jan. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

6. GOODWILL AND OTHER INTANGIBLE ASSETS

The goodwill balance as of January 31, 2023 and October 31, 2022 and the activity for the three months ended January 31, 2023 for each of our reportable operating segments were as follows:


	CSG		EISG		Total
	(in millions)
Goodwill at October 31, 2022	$	1,022	$	560	$	1,582
Foreign currency translation impact	25		4		29

Goodwill at January 31, 2023	$	1,047	$	564	$	1,611

There were no impairments for three months ended January 31, 2023 and 2022. As of January 31, 2023 and October 31, 2022, accumulated impairment losses on goodwill was $709 million.

Other intangible assets as of January 31, 2023 and October 31, 2022 consisted of the following:


	January 31, 2023						October 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
	(in millions)
Developed technology	$	992	$	924	$	68	$	992	$	914	$	78
Backlog	17		17		—		17		17		—
Trademark/Tradename	36		31		5		36		31		5
Customer relationships	393		300		93		393		287		106

Total	$	1,438	$	1,272	$	166	$	1,438	$	1,249	$	189

Goodwill is assessed for impairment on a reporting unit basis at least annually in the fourth quarter of each year, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The company has not identified any triggering events that indicate an impairment of goodwill for the three months ended January 31, 2023.

Amortization of other intangible assets was $23 million and $26 million for the three months ended January 31, 2023 and 2022, respectively.

Estimated intangible assets amortization expense for each of the five succeeding fiscal years is as follows:


	Amortization expense
	(in millions)
2023 (remainder)	$	59
2024	$	43
2025	$	25
2026	$	16
2027	$	9
Thereafter	$	14