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GOODWILL AND OTHER INTANGIBLE ASSETS-NET

12 Months Ended

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