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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 12 Months Ended
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Nov. 01, 2020
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 28, 2018 | ​ | $ | 583 | ​ | $ | 2,518 | ​ | $ | 3,101 |
Divestitures* | ​ | ​ | ​ | ​ | ​ | (22) | ​ | ​ | (22) | ​
Translation adjustments and other | ​ | ​ | (9) | ​ | ​ | (153) | ​ |  | (162) | ​
Goodwill at November 3, 2019 | ​ | ​ | 574 | ​ | ​ | 2,343 | ​ |  | 2,917 | ​
Acquisition* | ​ | ​ | 28 | ​ | ​ | ​ | ​ | ​ | 28 | ​
Translation adjustments and other | ​ | ​ | (1) | ​ | ​ | 137 | ​ |  | 136 | ​
Goodwill at November 1, 2020 | ​ | $ | 601 | ​ | $ | 2,480 | ​ | $ | 3,081 | ​
* See Note 4. ​ There were no accumulated goodwill impairment losses in the reported periods. The components of other intangible assets are as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
Amortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ |
Customer lists and relationships | ​ | $ | 535 | ​ | $ | 511 |
Technology, patents, trademarks, and other | ​ |  | 1,056 | ​ |  | 1,028 | ​
Total at cost | ​ |  | 1,591 | ​ |  | 1,539 | ​
Less accumulated amortization* | ​ |  | 387 | ​ |  | 282 | ​
Total | ​ |  | 1,204 | ​ | ​ | 1,257 | ​
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process research and development | ​ |  | 123 | ​ | ​ | 123 | ​
Other intangible assets - net |  | $ | 1,327 |  | $ | 1,380 | ​
* Accumulated amortization at 2020 and 2019 for customer lists and relationships was $113 million and $77 million and technology, patents, trademarks, and other was $274 million and $205 million, respectively. ​ Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2020, 2019, and 2018 was $102 million, $109 million, and $100 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: 2021 - $105, 2022 - $105, 2023 - $103, 2024 - $99, and 2025 - $96.

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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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