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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
12 Months Ended
Oct. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS-NET  
Changes in Goodwill by Operating Segment

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, 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

 

Net balance

 

 

337

 

 

 

584

 

 

921

 

Reclassification to assets held for sale**

 

 

(395

)

 

 

 

 

 

(395

)

Acquisition*

 

 

13

 

 

 

 

 

 

13

 

Translation adjustments and other

 

 

(2

)

 

 

19

 

 

17

 

Balance at October 31, 2013

 

 

302

 

 

 

603

 

 

905

 

Less accumulated impairment losses**

 

 

60

 

 

 

 

 

 

60

 

Goodwill

 

 

$

242

 

 

 

$

603

 

 

$

845

 

 

*     See Notes 4 and 5.

**    Accumulated impairment losses were also reduced by $289 million related to Landscapes reclassification to held for sale (see Note 4).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of Other Intangible Assets

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

 

 

 

Useful Lives*
(Years)

 

2013

 

2012

 

Amortized intangible assets:

 

 

 

 

 

 

 

Customer lists and relationships

 

15

 

$

20

 

$

99

 

Technology, patents, trademarks and other

 

18

 

88

 

109

 

Total at cost

 

 

 

108

 

208

 

Less accumulated amortization**

 

 

 

35

 

107

 

Total

 

 

 

73

 

101

 

Unamortized intangible assets:

 

 

 

 

 

 

 

Licenses

 

 

 

4

 

4

 

Other intangible assets-net

 

 

 

$

77

 

$

105

 

 

*     Weighted-averages

**    Accumulated amortization at 2013 and 2012 for customer lists and relationships was $8 million and $60 million and technology, patents, trademarks and other was $27 million and $47 million, respectively.