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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 6 Months Ended
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May 02, 2021
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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Production & |  | Small Ag |  | Construction |  | ​ | ​ |
​ | ​ | Precision Ag | ​ | & Turf | ​ | & Forestry | ​ | Total |
Goodwill at November 3, 2019 | ​ | $ | 310 | ​ | $ | 264 | ​ | $ | 2,343 | ​ | $ | 2,917 | ​
Translation adjustments and other | ​ |  | (5) | ​ |  | (4) | ​ | ​ | 9 | ​ | ​ | ​ | ​
Goodwill at May 3, 2020 | ​ | $ | 305 | ​ | $ | 260 | ​ | $ | 2,352 | ​ | $ | 2,917 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill at November 1, 2020 | ​ | $ | 333 | ​ | $ | 268 | ​ | $ | 2,480 | ​ | $ | 3,081 | ​
Acquisition | ​ | ​ | 12 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12 | ​
Translation adjustments and other | ​ | ​ | 10 | ​ | ​ | (2) | ​ | ​ | 89 | ​ | ​ | 97 | ​
Goodwill at May 2, 2021 | ​ | $ | 355 | ​ | $ | 266 | ​ | $ | 2,569 | ​ | $ | 3,190 | ​
There were no accumulated goodwill impairment losses in the reported periods. The components of other intangible assets were as follows in millions of dollars:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | May 2 |  | November 1 |  | May 3 |
​ | ​ | 2021 | ​ | 2020 | ​ | 2020 |
Amortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer lists and relationships | ​ | $ | 549 | ​ | $ | 535 | ​ | $ | 509 | ​
Technology, patents, trademarks, and other | ​ | ​ | 1,097 | ​ |  | 1,056 | ​ |  | 1,006 | ​
Total at cost | ​ | ​ | 1,646 | ​ |  | 1,591 | ​ |  | 1,515 | ​
Less accumulated amortization: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Customer lists and relationships | ​ | ​ | 136 | ​ | ​ | 113 | ​ | ​ | 93 | ​
Technology, patents, trademarks, and other | ​ | ​ | 323 | ​ | ​ | 274 | ​ | ​ | 234 | ​
Total accumulated amortization | ​ | ​ | 459 | ​ | ​ | 387 | ​ | ​ | 327 | ​
Amortized intangible assets, net | ​ | ​ | 1,187 | ​ | ​ | 1,204 | ​ | ​ | 1,188 | ​
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process research and development | ​ | ​ | 123 | ​ | ​ | 123 | ​ | ​ | 123 | ​
Other intangible assets – net | ​ | $ | 1,310 | ​ | $ | 1,327 | ​ | $ | 1,311 | ​
​ The amortization of other intangible assets in the second quarter and the first six months of 2021 was $27 million and $62 million, and for 2020 was $26 million and $51 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2021 – $55, 2022 – $109, 2023 – $107, 2024 – $103, 2025 – $100, and 2026 –$98.

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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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