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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
9 Months Ended
Jul. 31, 2011
GOODWILL AND OTHER INTANGIBLE ASSETS-NET  
Changes in Goodwill by Operating Segment

 

 

 

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

 

 

 

Components of Other Intangible Assets

 

 

 

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.