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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 9 Months Ended
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Jul. 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 | ​ |  | 28 | ​ | ​ | 2,067 | ​ | ​ | 2,095 | ​
Divestitures | ​ | ​ | ​ | ​ | ​ | (18) | ​ | ​ | (18) | ​
Translation adjustments | ​ |  | (4) | ​ | ​ | (59) | ​ | ​ | (63) | ​
Goodwill at July 29, 2018 | ​ | $ | 545 | ​ | $ | 2,502 | ​ | $ | 3,047 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill at October 28, 2018 | ​ | $ | 583 | ​ | $ | 2,518 | ​ | $ | 3,101 | ​
Translation adjustments | ​ | ​ | (1) | ​ | ​ | (87) | ​ | ​ | (88) | ​
Goodwill at July 28, 2019 | ​ | $ | 582 | ​ | $ | 2,431 | ​ | $ | 3,013 | ​
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 * |  | July 28 |  | October 28 |  | July 29 |
​ | ​ | (Years) | ​ | 2019 | ​ | 2018 | ​ | 2018 |
Amortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer lists and relationships | ​ | 16 |  | $ | 525 | ​ | $ | 542 | ​ | $ | 562 | ​
Technology, patents, trademarks, and other | ​ | 18 | ​ | ​ | 1,057 | ​ |  | 1,080 | ​ |  | 1,052 | ​
Total at cost | ​ | ​ | ​ | ​ | 1,582 | ​ |  | 1,622 | ​ |  | 1,614 | ​
Less accumulated amortization ** | ​ | ​ | ​ | ​ | 261 | ​ |  | 183 | ​ |  | 156 | ​
Total | ​ | ​ | ​ | ​ | 1,321 | ​ | ​ | 1,439 | ​ | ​ | 1,458 | ​
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process research and development | ​ | ​ | ​ | ​ | 123 | ​ | ​ | 123 | ​ | ​ | 123 | ​
Other intangible assets – net | ​ | ​ |  | $ | 1,444 | ​ | $ | 1,562 | ​ | $ | 1,581 | ​
* Weighted-averages ** Accumulated amortization at July 28, 2019, October 28, 2018, and July 29, 2018 for customer lists and relationships totaled $71 million, $46 million, and $38 million and technology, patents, trademarks, and other totaled $190 million, $137 million, and $118 million, respectively. The amortization of other intangible assets in the third quarter and the first nine months of 2019 was $27 million and $82 million and for 2018 was $27 million and $71 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2019 – $26, 2020 – $104, 2021 – $103, 2022 – $102, and 2023 – $100.

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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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