GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)

3 Months Ended

Jan. 31, 2015

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, 2013:
Goodwill	$	302		$	603		$	905
Less accumulated impairment losses	60						60
Goodwill - net	242			603			845

Translation adjustments	(3		)	(7		)	(10		)

Balance January 31, 2014:
Goodwill	299			596			895
Less accumulated impairment losses	60						60
Goodwill - net	$	239		$	596		$	835

Balance October 31, 2014:
Goodwill	$	235		$	556		$	791
Less accumulated impairment losses *
Goodwill - net	235			556			791

Translation adjustments	(8		)	(42		)	(50		)

Balance January 31, 2015:
Goodwill - net	$	227		$	514		$	741

* Accumulated impairment losses were reduced by $60 million related to the divestiture of the Water operations, which occurred in May 2014.

Components of Other Intangible Assets

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

	Useful Lives *	January 31		October 31		January 31
	Years	2015		2014		2014
Amortized intangible assets:
Customer lists and relationships	15	$	20	$	20	$	20
Technology, patents, trademarks and other	18	90		90		88
Total at cost		110		110		108
Less accumulated amortization **		48		45		37
Total		62		65		71
Unamortized intangible assets:
Licenses ***				4		4
Other intangible assets - net		$	62	$	69	$	75

* Weighted-averages

** Accumulated amortization at January 31, 2015, October 31, 2014 and January 31, 2014 for customer lists and relationships totaled $10 million, $9 million and $8 million and technology, patents, trademarks and other totaled $38 million, $36 million and $29 million, respectively.

*** Licenses were reduced by $4 million related to the Crop Insurance operations reclassification to assets held for sale (see Note 18).