XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.20.4

Intangible Assets (Tables) | 3 Months Ended
--- | ---
Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Goodwill
(In millions) | CooperVision |  | CooperSurgical |  | Total
Balance at October 31, 2020 | $ | 1,779.3 |  |  | $ | 668.0 |  |  | $ | 2,447.3 |
Current period additions | 24.7 |  |  | 24.9 |  |  | 49.6 |
Foreign currency translation adjustment | 50.0 |  |  | 6.4 |  |  | 56.4 |
Balance at January 31, 2021 | $ | 1,854.0 |  |  | $ | 699.3 |  |  | $ | 2,553.3 |
Schedule of finite-lived intangible assets | Other Intangible Assets
| January 31, 2021 |  | October 31, 2020 |  |
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Amortization Period (in years)
Intangible assets with definite lives: |  |  |  |  |  |  |  |  |
Composite intangible asset | $ | 1,061.9 |  |  | $ | 230.1 |  |  | $ | 1,061.9 |  |  | $ | 212.4 |  |  | 15
Technology | 473.8 |  |  | 259.9 |  |  | 401.2 |  |  | 251.9 |  |  | 11
Customer relationships | 379.6 |  |  | 224.1 |  |  | 367.0 |  |  | 216.2 |  |  | 13
Trademarks | 155.0 |  |  | 40.5 |  |  | 153.4 |  |  | 37.7 |  |  | 14
License and distribution rights and other | 31.8 |  |  | 19.0 |  |  | 31.8 |  |  | 18.2 |  |  | 10
| 2,102.1 |  |  | $ | 773.6 |  |  | 2,015.3 |  |  | $ | 736.4 |  |  | 14
Less: accumulated amortization and translation | 773.6 |  |  |  |  | 736.4 |  |  |  |  |
Intangible assets with definite lives, net | 1,328.5 |  |  |  |  | 1,278.9 |  |  |  |  |
Intangible assets with indefinite lives, net (1) | 30.1 |  |  |  |  | 10.1 |  |  |  |  |
Total other intangibles, net | $ | 1,358.6 |  |  |  |  | $ | 1,289.0 |  |  |  |  |
(1) Intangible assets with indefinite lives include technology and trademarks.
Schedule of indefinite-lived intangible assets | Other Intangible Assets
| January 31, 2021 |  | October 31, 2020 |  |
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Amortization Period (in years)
Intangible assets with definite lives: |  |  |  |  |  |  |  |  |
Composite intangible asset | $ | 1,061.9 |  |  | $ | 230.1 |  |  | $ | 1,061.9 |  |  | $ | 212.4 |  |  | 15
Technology | 473.8 |  |  | 259.9 |  |  | 401.2 |  |  | 251.9 |  |  | 11
Customer relationships | 379.6 |  |  | 224.1 |  |  | 367.0 |  |  | 216.2 |  |  | 13
Trademarks | 155.0 |  |  | 40.5 |  |  | 153.4 |  |  | 37.7 |  |  | 14
License and distribution rights and other | 31.8 |  |  | 19.0 |  |  | 31.8 |  |  | 18.2 |  |  | 10
| 2,102.1 |  |  | $ | 773.6 |  |  | 2,015.3 |  |  | $ | 736.4 |  |  | 14
Less: accumulated amortization and translation | 773.6 |  |  |  |  | 736.4 |  |  |  |  |
Intangible assets with definite lives, net | 1,328.5 |  |  |  |  | 1,278.9 |  |  |  |  |
Intangible assets with indefinite lives, net (1) | 30.1 |  |  |  |  | 10.1 |  |  |  |  |
Total other intangibles, net | $ | 1,358.6 |  |  |  |  | $ | 1,289.0 |  |  |  |  |
(1) Intangible assets with indefinite lives include technology and trademarks.
Remaining amortization expenses for intangible assets with definite lives | As of January 31, 2021, the estimation of future amortization expenses for intangible assets with definite lives is as follows:
Fiscal Years: | (In millions)
Remainder of 2021 | $ | 107.3 |
2022 | 141.2 |
2023 | 138.9 |
2024 | 134.7 |
2025 | 124.2 |
Thereafter | 682.2 |
Total remaining amortization for intangible assets with definite lives | $ | 1,328.5 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration