GOODWILL AND OTHER INTANGIBLE ASSETS-NET

12 Months Ended

Oct. 31, 2012

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

17. GOODWILL AND OTHER INTANGIBLE ASSETS-NET

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

	Agriculture			Construction
	and			and
	Turf			Forestry			Total
Balance at October 31, 2010	$	705		$	610		$	1,315
Less accumulated impairment losses	316						316
Net balance	389			610			999
Acquisitions	1						1
Translation adjustments and other	(5		)	5
Balance at October 31, 2011	701			615			1,316
Less accumulated impairment losses	316						316
Net balance	385			615			1,000
Impairment loss*	(33		)				(33		)
Translation adjustments and other	(15		)	(31		)	(46		)
Balance at October 31, 2012	686			584			1,270
Less accumulated impairment losses	349						349
Goodwill	$	337		$	584		$	921

* See Note 5.

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

	Useful Lives*
	(Years)	2012		2011
Amortized intangible assets:
Customer lists and relationships	12	$	99	$	109
Technology, patents, trademarks and other	17	109		104
Total at cost		208		213
Less accumulated amortization**		107		90
Total		101		123
Unamortized intangible assets:
Licenses		4		4
Other intangible assets-net		$	105	$	127

*Weighted-averages

**Accumulated amortization at 2012 and 2011 for customer lists and relationships was $60 million and $54 million and technology, patents, trademarks and other was $47 million and $36 million, respectively.

Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2012, 2011 and 2010 was $21 million, $20 million and $18 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: 2013 — $18, 2014 — $16, 2015 — $15, 2016 — $14 and 2017 — $13.