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GOODWILL AND OTHER INTANGIBLE ASSETS - NET | 6 Months Ended
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Apr. 28, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS - NET |
GOODWILL AND OTHER INTANGIBLE ASSETS - NET | (11) Goodwill and Other Intangible Assets – Net The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Production & |  | Small Ag |  | Construction |  |  |  |
​ | ​ | Precision Ag | ​ | & Turf | ​ | & Forestry | ​ | Total |
Goodwill at October 30, 2022 |  | $ | 646 | ​ | $ | 318 | ​ | $ | 2,723 | ​ | $ | 3,687 | ​
Acquisition | ​ |  | 41 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 41 | ​
Translation adjustments | ​ |  | 18 | ​ | ​ | 8 | ​ | ​ | 209 | ​ | ​ | 235 | ​
Goodwill at April 30, 2023 | ​ | $ | 705 | ​ | $ | 326 | ​ | $ | 2,932 | ​ | $ | 3,963 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill at October 29, 2023 | ​ | $ | 702 | ​ | $ | 363 | ​ | $ | 2,835 | ​ | $ | 3,900 | ​
Translation adjustments | ​ | ​ | 1 | ​ | ​ | 1 | ​ | ​ | 34 | ​ | ​ | 36 | ​
Goodwill at April 28, 2024 | ​ | $ | 703 | ​ | $ | 364 | ​ | $ | 2,869 | ​ | $ | 3,936 | ​
​ The components of other intangible assets were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 28 |  | October 29 |  | April 30 |
​ | ​ | 2024 | ​ | 2023 | ​ | 2023 |
Customer lists and relationships | ​ | $ | 505 | ​ | $ | 501 | ​ | $ | 525 | ​
Technology, patents, trademarks, and other | ​ | ​ | 1,404 | ​ |  | 1,387 | ​ |  | 1,397 | ​
Total at cost | ​ | ​ | 1,909 | ​ |  | 1,888 | ​ |  | 1,922 | ​
Less accumulated amortization: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Customer lists and relationships | ​ | ​ | 213 | ​ | ​ | 195 | ​ | ​ | 193 | ​
Technology, patents, trademarks, and other | ​ | ​ | 632 | ​ | ​ | 560 | ​ | ​ | 507 | ​
Total accumulated amortization | ​ | ​ | 845 | ​ | ​ | 755 | ​ | ​ | 700 | ​
Other intangible assets – net | ​ | $ | 1,064 | ​ | $ | 1,133 | ​ | $ | 1,222 | ​
​ The amortization of other intangible assets in the second quarter and the first six months of 2024 was $41 and $83, and for the second quarter and the first six months of 2023 was $45 and $84, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $89, 2025 – $144, 2026 – $120, 2027 – $119, 2028 – $86, and 2029 – $73.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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