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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 6 Months Ended
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Apr. 28, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS-NET |
GOODWILL AND OTHER INTANGIBLE ASSETS-NET | (14) 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 Turf |  | and Forestry |  | Total |
Goodwill at October 29, 2017 |  | $ | 521 |  | $ | 512 |  | $ | 1,033 |
Acquisitions |  |  | 25 |  |  | 2,060 |  |  | 2,085 |
Divestitures |  |  |  |  |  | (10) |  |  | (10) |
Translation adjustments |  |  | 5 |  |  | 76 |  |  | 81 |
Goodwill at April 29, 2018 |  | $ | 551 |  | $ | 2,638 |  | $ | 3,189 |
Goodwill at October 28, 2018 |  | $ | 583 |  | $ | 2,518 |  | $ | 3,101 |
Translation adjustments |  |  | (2) |  |  | (74) |  |  | (76) |
Goodwill at April 28, 2019 |  | $ | 581 |  | $ | 2,444 |  | $ | 3,025 |
There were no accumulated impairment losses in the reported periods. The components of other intangible assets were as follows in millions of dollars:
|  | Useful Lives * |  | April 28 |  | October 28 |  | April 29 |
|  | (Years) |  | 2019 |  | 2018 |  | 2018 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer lists and relationships |  | 16 |  | $ | 528 |  | $ | 542 |  | $ | 590 |
Technology, patents, trademarks, and other |  | 18 |  |  | 1,059 |  |  | 1,080 |  |  | 1,109 |
Total at cost |  |  |  |  | 1,587 |  |  | 1,622 |  |  | 1,699 |
Less accumulated amortization ** |  |  |  |  | 234 |  |  | 183 |  |  | 130 |
Total |  |  |  |  | 1,353 |  |  | 1,439 |  |  | 1,569 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  |  |  | 123 |  |  | 123 |  |  | 123 |
Other intangible assets – net |  |  |  | $ | 1,476 |  | $ | 1,562 |  | $ | 1,692 |
* Weighted-averages ** Accumulated amortization at April 28, 2019, October 28, 2018, and April 29, 2018 for customer lists and relationships totaled $62 million, $46 million, and $30 million and technology, patents, trademarks, and other totaled $172 million, $137 million, and $100 million, respectively. The amortization of other intangible assets in the second quarter and the first six months of 2019 was $29 million and $57 million and for 2018 was $31 million and $44 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2019 – $52, 2020 – $104, 2021 – $103, 2022 – $102, and 2023 – $100.

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- References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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