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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables) | 6 Months Ended
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May 01, 2022
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 1, 2020 | ​ | $ | 333 | ​ | $ | 268 | ​ | $ | 2,480 | ​ | $ | 3,081 | ​
Acquisition | ​ |  | 12 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12 | ​
Translation adjustments | ​ |  | 10 | ​ | ​ | (2) | ​ | ​ | 89 | ​ | ​ | 97 | ​
Goodwill at May 2, 2021 | ​ | $ | 355 | ​ | $ | 266 | ​ | $ | 2,569 | ​ | $ | 3,190 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill at October 31, 2021 | ​ | $ | 542 | ​ | $ | 265 | ​ | $ | 2,484 | ​ | $ | 3,291 | ​
Acquisitions | ​ | ​ | 122 | ​ | ​ | 69 | ​ | ​ | 600 | ​ | ​ | 791 | ​
Translation adjustments | ​ | ​ | (11) | ​ | ​ | (7) | ​ | ​ | (252) | ​ | ​ | (270) | ​
Goodwill at May 1, 2022 | ​ | $ | 653 | ​ | $ | 327 | ​ | $ | 2,832 | ​ | $ | 3,812 | ​
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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | May 1 |  | October 31 |  | May 2 |
​ | ​ | 2022 | ​ | 2021 | ​ | 2021 |
Amortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer lists and relationships | ​ | $ | 520 | ​ | $ | 542 | ​ | $ | 549 | ​
Technology, patents, trademarks, and other | ​ | ​ | 1,350 | ​ |  | 1,104 | ​ |  | 1,097 | ​
Total at cost | ​ | ​ | 1,870 | ​ |  | 1,646 | ​ |  | 1,646 | ​
Less accumulated amortization: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Customer lists and relationships | ​ | ​ | 158 | ​ | ​ | 151 | ​ | ​ | 136 | ​
Technology, patents, trademarks, and other | ​ | ​ | 360 | ​ | ​ | 343 | ​ | ​ | 323 | ​
Total accumulated amortization | ​ | ​ | 518 | ​ | ​ | 494 | ​ | ​ | 459 | ​
Amortized intangible assets, net | ​ | ​ | 1,352 | ​ | ​ | 1,152 | ​ | ​ | 1,187 | ​
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process research and development | ​ | ​ | ​ | ​ | ​ | 123 | ​ | ​ | 123 | ​
Other intangible assets – net | ​ | $ | 1,352 | ​ | $ | 1,275 | ​ | $ | 1,310 | ​

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