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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
6 Months Ended
Apr. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS-NET  
Changes in Goodwill by Operating Segment

   The changes in amounts of goodwill by operating segments were as follows in millions of dollars:

 

 

 

Agriculture
and Turf

 

Construction
and Forestry

 

Total

 

Balance October 31, 2012:

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

686

 

$

584

 

$

1,270

 

Less accumulated impairment losses

 

 

349

 

 

 

 

 

349

 

Goodwill-net

 

 

337

 

 

584

 

 

921

 

 

 

 

 

 

 

 

 

 

 

 

Translation adjustments

 

 

 

 

 

2

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

Balance April 30, 2013:

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

686

 

 

586

 

 

1,272

 

Less accumulated impairment losses

 

 

349

 

 

 

 

 

349

 

Goodwill-net

 

$

337

 

$

586

 

$

923

 

 

 

 

 

 

 

 

 

 

 

 

Balance October 31, 2013:

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

302

 

$

603

 

$

905

 

Less accumulated impairment losses *

 

 

60

 

 

 

 

 

60

 

Goodwill-net

 

 

242

 

 

603

 

 

845

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification to assets held for sale

 

 

(60)

 

 

 

 

 

(60)

 

Translation adjustments and other

 

 

1

 

 

(6)

 

 

(5)

 

 

 

 

 

 

 

 

 

 

 

 

Balance April 30, 2014:

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

243

 

 

597

 

 

840

 

Less accumulated impairment losses **

 

 

 

 

 

 

 

 

 

 

Goodwill-net

 

$

243

 

$

597

 

$

840

 

 

*                     Accumulated impairment losses were reduced by $289 million related to Landscapes reclassification to held for sale (see Note 18).

**             Accumulated impairment losses were reduced by $60 million related to the Water operations reclassification to held for sale (see Note 19).

Components of Other Intangible Assets

The components of other intangible assets were as follows in millions of dollars:

 

 

 

Useful Lives *

 

April 30

 

October 31

 

April 30

 

 

 

(Years)

 

2014

 

2013

 

2013

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

15

 

$

20

 

$

20

 

$

99

 

Technology, patents, trademarks and other

 

18

 

87

 

88

 

110

 

Total at cost

 

 

 

107

 

108

 

209

 

Less accumulated amortization **

 

 

 

40

 

35

 

119

 

Total

 

 

 

67

 

73

 

90

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

Licenses

 

 

 

4

 

4

 

4

 

Other intangible assets-net

 

 

 

$

71

 

$

77

 

$

94

 

 

*                     Weighted-averages

**             Accumulated amortization at April 30, 2014 and 2013 for customer lists and relationships totaled $8 million and $66 million and technology, patents, trademarks and other totaled $32 million and $53 million, respectively.