GOODWILL AND OTHER INTANGIBLE ASSETS - NET

9 Months Ended

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.