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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)

9 Months Ended

Aug. 01, 2021

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:


		Production &			Small Ag			Construction
		Precision Ag			& Turf			& Forestry			Total
Goodwill at November 3, 2019		$	310		$	264		$	2,343		$	2,917
Translation adjustments and other			1			1			65			67
Goodwill at August 2, 2020		$	311		$	265		$	2,408		$	2,984

Goodwill at November 1, 2020		$	333		$	268		$	2,480		$	3,081
Acquisition			12									12
Translation adjustments and other			13			(3)			45			55
Goodwill at August 1, 2021		$	358		$	265		$	2,525		$	3,148

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:


		August 1			November 1			August 2
		2021			2020			2020
Amortized intangible assets:
Customer lists and relationships		$	545		$	535		$	515
Technology, patents, trademarks, and other			1,080			1,056			1,021
Total at cost			1,625			1,591			1,536
Less accumulated amortization:
Customer lists and relationships			144			113			103
Technology, patents, trademarks, and other			337			274			255
Total accumulated amortization			481			387			358
Amortized intangible assets, net			1,144			1,204			1,178
Unamortized intangible assets:
In-process research and development			123			123			123
Other intangible assets – net		$	1,267		$	1,327		$	1,301