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GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 12 Months Ended
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Oct. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS-NET |
GOODWILL AND OTHER INTANGIBLE ASSETS-NET | 15. GOODWILL AND OTHER INTANGIBLE ASSETS – NET The changes in amounts of goodwill by operating segments were as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | PPA |  | SAT |  | CF |  | Total |
November 1, 2020 | ​ | $ | 333 | ​ | $ | 268 | ​ | $ | 2,480 | ​ | $ | 3,081 |
Acquisitions (Note 3) | ​ | ​ | 201 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 201 | ​
Translation adjustments and other | ​ | ​ | 8 | ​ | ​ | (3) | ​ | ​ | 4 | ​ |  | 9 | ​
October 31, 2021 | ​ | ​ | 542 | ​ | ​ | 265 | ​ | ​ | 2,484 | ​ |  | 3,291 | ​
Acquisitions (Note 3) | ​ | ​ | 132 | ​ | ​ | 69 | ​ | ​ | 599 | ​ | ​ | 800 | ​
Translation adjustments and other | ​ | ​ | (28) | ​ | ​ | (16) | ​ | ​ | (360) | ​ |  | (404) | ​
October 30, 2022 | ​ | $ | 646 | ​ | $ | 318 | ​ | $ | 2,723 | ​ | $ | 3,687 | ​
​ There were no accumulated goodwill impairment losses in the reported periods. The components of other intangible assets are as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |
Amortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ |
Customer lists and relationships | ​ | $ | 493 | ​ | $ | 542 |
Technology, patents, trademarks, and other | ​ |  | 1,301 | ​ |  | 1,104 | ​
Total at cost | ​ |  | 1,794 | ​ |  | 1,646 | ​
Less accumulated amortization: | ​ |  | ​ | ​ |  | ​ | ​
Customer lists and relationships | ​ | ​ | 166 | ​ | ​ | 151 | ​
Technology, patents, trademarks, and other | ​ | ​ | 410 | ​ | ​ | 343 | ​
Total accumulated amortization | ​ | ​ | 576 | ​ | ​ | 494 | ​
Amortized intangible assets | ​ |  | 1,218 | ​ | ​ | 1,152 | ​
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process research and development | ​ |  | ​ | ​ | ​ | 123 | ​
Other intangible assets - net |  | $ | 1,218 |  | $ | 1,275 | ​
​ In September 2017, the company acquired Blue River Technology’s in-process research and development related to machine learning technology to optimize the use of farm inputs. Those research and development activities were completed, and the company started amortizing the acquired technology in 2022. Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2022, 2021, and 2020 was $145 million, $116 million, and $102 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Estimated | ​
Year | ​ | Amortization | ​
2023 | ​ | $ | 162 | ​
2024 | ​ | ​ | 158 | ​
2025 | ​ | ​ | 131 | ​
2026 | ​ | ​ | 111 | ​
2027 | ​ | ​ | 110 | ​
​

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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