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GOODWILL AND OTHER INTANGIBLE ASSETS - NET | 9 Months Ended
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Jul. 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 | ​
Acquisitions | ​ |  | 41 | ​ | ​ | 39 | ​ | ​ | ​ | ​ | ​ | 80 | ​
Translation adjustments | ​ |  | 23 | ​ | ​ | 8 | ​ | ​ | 196 | ​ | ​ | 227 | ​
Goodwill at July 30, 2023 | ​ | $ | 710 | ​ | $ | 365 | ​ | $ | 2,919 | ​ | $ | 3,994 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill at October 29, 2023 | ​ | $ | 702 | ​ | $ | 363 | ​ | $ | 2,835 | ​ | $ | 3,900 | ​
Translation adjustments | ​ | ​ | (1) | ​ | ​ | 2 | ​ | ​ | 59 | ​ | ​ | 60 | ​
Goodwill at July 28, 2024 | ​ | $ | 701 | ​ | $ | 365 | ​ | $ | 2,894 | ​ | $ | 3,960 | ​
​ The components of other intangible assets were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | July 28 |  | October 29 |  | July 30 |
​ | ​ | 2024 | ​ | 2023 | ​ | 2023 |
Customer lists and relationships | ​ | $ | 507 | ​ | $ | 501 | ​ | $ | 524 | ​
Technology, patents, trademarks, and other | ​ | ​ | 1,413 | ​ |  | 1,387 | ​ |  | 1,415 | ​
Total at cost | ​ | ​ | 1,920 | ​ |  | 1,888 | ​ |  | 1,939 | ​
Less accumulated amortization: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Customer lists and relationships | ​ | ​ | 222 | ​ | ​ | 195 | ​ | ​ | 201 | ​
Technology, patents, trademarks, and other | ​ | ​ | 668 | ​ | ​ | 560 | ​ | ​ | 539 | ​
Total accumulated amortization | ​ | ​ | 890 | ​ | ​ | 755 | ​ | ​ | 740 | ​
Other intangible assets – net | ​ | $ | 1,030 | ​ | $ | 1,133 | ​ | $ | 1,199 | ​
​ The amortization of other intangible assets in the third quarter and the first nine months of 2024 was $41 and $124, and for the third quarter and the first nine months of 2023 was $42 and $126, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $49, 2025 – $145, 2026 – $121, 2027 – $119, 2028 – $87, and 2029 – $74.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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