GOODWILL AND OTHER INTANGIBLE ASSETS-NET

9 Months Ended

Jul. 31, 2011

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

(13)The changes in amounts of goodwill by operating segments were as follows in millions of dollars:

	Agriculture and Turf			Construction and Forestry			Total
Balance October 31, 2009:
Goodwill	$	698		$	628		$	1,326
Less accumulated impairment losses	289						289
Goodwill-net	409			628			1,037
Translation adjustments	(4		)	(36		)	(40		)
Other	1			(5		)	(4		)
Balance July 31, 2010:
Goodwill	695			587			1,282
Less accumulated impairment losses	289						289
Goodwill-net	$	406		$	587		$	993
Balance October 31, 2010:
Goodwill	$	705		$	610		$	1,315
Less accumulated impairment losses	316						316
Goodwill-net	389			610			999
Translation adjustments	6			20			26
Other	(2		)				(2		)
Balance July 31, 2011:
Goodwill	709			630			1,339
Less accumulated impairment losses	316						316
Goodwill-net	$	393		$	630		$	1,023

The components of other intangible assets were as follows in millions of dollars:

	Useful Lives *	July 31
	Years	2011		2010
Amortized intangible assets:
Customer lists and relationships	14	$	111	$	97
Technology, patents, trademarks and other	15	104		92
Total at cost		215		189
Less accumulated amortization **		86		67
Total		129		122
Unamortized intangible assets:
Licenses		4		4
Other intangible assets-net		$	133	$	126

* Weighted-averages

** Accumulated amortization at July 31, 2011 and 2010 for customer lists and relationships totaled $52 million and $42 million and technology, patents, trademarks and other totaled $34 million and $25 million, respectively.

The amortization of other intangible assets in the third quarter and the first nine months of 2011 was $6 million and $15 million and for 2010 was $4 million and $15 million, respectively.  The estimated amortization expense for the next five years is as follows in millions of dollars:  remainder of 2011 - $5, 2012 - $19, 2013 - $17, 2014 - $16 and 2015 - $15.