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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
6 Months Ended
Apr. 30, 2015
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, 2013:

 

 

 

 

 

 

 

Goodwill

 

  $

302

 

  $

603

 

$

905

 

Less accumulated impairment losses

 

60

 

 

 

60

 

Goodwill-net

 

242

 

603

 

845

 

 

 

 

 

 

 

 

 

Reclassification to assets held for sale

 

(60)

 

 

 

(60)

 

Translation adjustments

 

1

 

(6)

 

(5)

 

 

 

 

 

 

 

 

 

Balance April 30, 2014:

 

 

 

 

 

 

 

Goodwill

 

243

 

597

 

840

 

Less accumulated impairment losses *

 

 

 

 

 

 

 

Goodwill-net

 

  $

243

 

  $

597

 

$

840

 

 

 

 

 

 

 

 

 

Balance October 31, 2014:

 

 

 

 

 

 

 

Goodwill

 

  $

235

 

  $

556

 

$

791

 

Less accumulated impairment losses *

 

 

 

 

 

 

 

Goodwill - net

 

235

 

556

 

791

 

 

 

 

 

 

 

 

 

Translation adjustments

 

(13)

 

(41)

 

(54)

 

 

 

 

 

 

 

 

 

Balance April 30, 2015:

 

 

 

 

 

 

 

Goodwill-net

 

  $

222

 

  $

515

 

$

737

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Accumulated impairment losses were reduced by $60 million related to the divestiture of the Water operations, which occurred in May 2014 (see Note 18).

 

Components of Other Intangible Assets

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

 

 

 

Useful Lives *

 

April 30

 

October 31

 

April 30

 

 

 

(Years)

 

2015

 

2014

 

2014

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

15

 

  $

19

 

  $

20

 

  $

20

 

Technology, patents, trademarks
and other

 

18

 

90

 

90

 

87

 

Total at cost

 

 

 

109

 

110

 

107

 

Less accumulated amortization **

 

 

 

49

 

45

 

40

 

Total

 

 

 

60

 

65

 

67

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

Licenses ***

 

 

 

 

 

4

 

4

 

Other intangible assets-net

 

 

 

  $

60

 

  $

69

 

  $

71

 

 

*

Weighted-averages

**

Accumulated amortization at April 30, 2015, October 31, 2014 and April 30, 2014 for customer lists and relationships totaled $10 million, $9 million and $8 million, respectively, and technology, patents, trademarks and other totaled $39 million, $36 million and $32 million, respectively.

***

Licenses were reduced by $4 million related to the divestiture of the Crop Insurance operations, which occurred in March 2015 (see Note 19).