XML 36 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS-NET
12 Months Ended
Oct. 28, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS-NET  
GOODWILL AND OTHER INTANGIBLE ASSETS-NET

17. GOODWILL AND OTHER INTANGIBLE ASSETS – NET

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agriculture

 

Construction

 

 

 

 

 

 

and

 

and

 

 

 

 

 

  

Turf

  

Forestry

  

   Total   

 

Goodwill at October 30, 2016

 

$

323

 

$

493

 

$

816

 

Acquisitions*

 

 

193

 

 

   

 

 

193

 

Translation adjustments and other

 

 

 5

 

 

19

 

 

24

 

Goodwill at October 29, 2017

 

 

521

 

 

512

 

 

1,033

 

Acquisitions*

 

 

71

 

 

2,068

 

 

2,139

 

Divestitures*

 

 

 

 

 

(18)

 

 

(18)

 

Translation adjustments

 

 

(9)

 

 

(44)

 

 

(53)

 

Goodwill at October 28, 2018

 

$

583

 

$

2,518

 

$

3,101

 

*    See Note 4.

 

There were no accumulated impairment losses in the reported periods.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Lives*

 

 

 

 

 

 

 

 

  

(Years)

  

 2018 

  

 2017 

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

16

 

$

542

 

$

42

 

Technology, patents, trademarks, and other

 

18

 

 

1,080

 

 

139

 

Total at cost

 

 

 

 

1,622

 

 

181

 

Less accumulated amortization**

 

 

 

 

183

 

 

86

 

Total

 

 

 

 

1,439

 

 

95

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

In-process research and development***

 

 

 

 

123

 

 

123

 

Other intangible assets - net

 

 

 

$

1,562

 

$

218

 

*    Weighted-averages

**  Accumulated amortization at 2018 and 2017 for customer lists and relationships was $46 million and $17 million and technology, patents, trademarks, and other was $137 million and $69 million, respectively.

***See Note 4.

 

Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2018, 2017, and 2016 was $100 million, $18 million, and $15 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: 2019 - $117, 2020 - $105, 2021 - $101, 2022 - $100, and 2023 - $98.