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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)

3 Months Ended

Jan. 31, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

Changes in Goodwill by Operating Segments

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Production & Precision Ag

​

Small Ag & Turf

​

Construction & Forestry

​

Total

Goodwill at November 3, 2019

​

$

310

​

$

264

​

$

2,343

​

$

2,917

​

Translation adjustments and other

​

(2)

​

(1)

​

​

31

​

28

​

Goodwill at February 2, 2020

​

$

308

​

$

263

​

$

2,374

​

$

2,945

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill at November 1, 2020

​

$

333

​

$

268

​

$

2,480

​

$

3,081

​

Acquisition

​

​

12

​

​

​

​

​

​

​

​

12

​

Translation adjustments and other

​

​

12

​

​

(1)

​

​

90

​

​

101

​

Goodwill at January 31, 2021

​

$

357

​

$

267

​

$

2,570

​

$

3,194

​

There were no accumulated goodwill impairment losses in the reported periods.

Components of Other Intangible Assets

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

​	​	​	​	​	​	​	​	​	​	​
​		January 31			November 1			February 2
​	​	2021		​	2020		​	2020
Amortized intangible assets:	​	​	​	​	​	​	​	​	​	​
Customer lists and relationships		$	553	​	$	535	​	$	517	​
Technology, patents, trademarks, and other	​	​	1,099	​		1,056	​		1,013	​
Total at cost	​	​	1,652	​		1,591	​		1,530	​
Less accumulated amortization *	​	​	433	​		387	​		304	​
Total	​	​	1,219	​	​	1,204	​	​	1,226	​
Unamortized intangible assets:	​	​	​	​	​	​	​	​	​	​
In-process research and development	​	​	123	​	​	123	​	​	123	​
Other intangible assets – net		$	1,342	​	$	1,327	​	$	1,349	​

*   Accumulated amortization at January 31, 2021, November 1, 2020, and February 2, 2020 for customer lists and relationships totaled $128 million, $113 million, and $86 million and technology, patents, trademarks, and other totaled $305 million, $274 million, and $218 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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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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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