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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
3 Months Ended
Jan. 31, 2014
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
and Turf

 

Construction
and Forestry

 

Total

 

Balance October 31, 2012:

 

 

 

 

 

 

 

Goodwill

 

$

686

 

$

584

 

$

1,270

 

Less accumulated impairment losses

 

349

 

 

 

349

 

Goodwill - net

 

337

 

584

 

921

 

 

 

 

 

 

 

 

 

Translation adjustments

 

1

 

12

 

13

 

 

 

 

 

 

 

 

 

Balance January 31, 2013:

 

 

 

 

 

 

 

Goodwill

 

687

 

596

 

1,283

 

Less accumulated impairment losses

 

349

 

 

 

349

 

Goodwill - net

 

$

338

 

$

596

 

$

934

 

 

 

 

 

 

 

 

 

Balance October 31, 2013:

 

 

 

 

 

 

 

Goodwill

 

$

302

 

$

603

 

$

905

 

Less accumulated impairment losses *

 

60

 

 

 

60

 

Goodwill - net

 

242

 

603

 

845

 

 

 

 

 

 

 

 

 

Translation adjustments

 

(3)

 

(7)

 

(10)

 

 

 

 

 

 

 

 

 

Balance January 31, 2014:

 

 

 

 

 

 

 

Goodwill

 

299

 

596

 

895

 

Less accumulated impairment losses

 

60

 

 

 

60

 

Goodwill - net

 

$

239

 

$

596

 

$

835

 

 

*                         Accumulated impairment losses were reduced by $289 million related to Landscapes reclassification to held for sale (see Note 18).

 

Components of Other Intangible Assets

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

 

 

 

Useful Lives *

 

January 31

 

October 31

 

January 31

 

 

 

Years

 

2014

 

2013

 

2013

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

15

 

$

20

 

$

20

 

$

99

 

Technology, patents, trademarks and other

 

19

 

88

 

88

 

110

 

Total at cost

 

 

 

108

 

108

 

209

 

Less accumulated amortization **

 

 

 

37

 

35

 

114

 

Total

 

 

 

71

 

73

 

95

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

Licenses

 

 

 

4

 

4

 

4

 

Other intangible assets - net

 

 

 

$

75

 

$

77

 

$

99

 

 

*                         Weighted-averages

**                 Accumulated amortization at January 31, 2014, October 31, 2013 and January 31, 2013 for customer lists and relationships totaled $8 million, $8 million and $64 million and technology, patents, trademarks and other totaled $29 million, $27 million and $50 million, respectively.