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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)

9 Months Ended

Jul. 28, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

Changes in Goodwill by Operating Segments

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.

Components of Other Intangible Assets

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.

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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