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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)

3 Months Ended

Jan. 29, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

Changes in Goodwill by Operating Segments

The changes in amounts of goodwill by operating segment were as follows in millions of dollars:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Production & Precision Ag

​

Small Ag & Turf

​

Construction & Forestry

​

Total

Goodwill at October 31, 2021

​

$

542

​

$

265

​

$

2,484

​

$

3,291

​

Acquisition

​

​

7

​

​

7

​

​

4

​

​

18

​

Translation adjustments

​

(5)

​

​

(2)

​

​

(110)

​

(117)

​

Goodwill at January 30, 2022

​

$

544

​

$

270

​

$

2,378

​

$

3,192

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill at October 30, 2022

​

$

646

​

$

318

​

$

2,723

​

$

3,687

​

Translation adjustments

​

​

15

​

​

7

​

​

182

​

​

204

​

Goodwill at January 29, 2023

​

$

661

​

$

325

​

$

2,905

​

$

3,891

​

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:

​	​	​	​	​	​	​	​	​	​	​
​		January 29			October 30			January 30
​	​	2023		​	2022		​	2022
Amortized intangible assets:	​	​	​	​	​	​	​	​	​	​
Customer lists and relationships		$	522	​	$	493	​	$	526	​
Technology, patents, trademarks, and other	​	​	1,387	​		1,301	​		1,066	​
Total at cost	​	​	1,909	​		1,794	​		1,592	​
Less accumulated amortization:	​	​	​	​	​	​	​	​	​	​
Customer lists and relationships	​	​	184	​	​	166	​	​	156	​
Technology, patents, trademarks, and other	​	​	470	​	​	410	​	​	350	​
Total accumulated amortization	​	​	654	​	​	576	​	​	506	​
Amortized intangible assets	​	​	1,255	​	​	1,218	​	​	1,086	​
Unamortized intangible assets:	​	​	​	​	​	​	​	​	​	​
In-process research and development	​	​	​	​	​	​	​	​	123	​
Other intangible assets – net		$	1,255	​	$	1,218	​	$	1,209	​

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