XML 53 R41.htm IDEA: XBRL DOCUMENT v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
6 Months Ended
Apr. 28, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS-NET  
Changes in Goodwill by Operating Segments

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

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Agriculture

    

Construction

    

 

 

 

 

 

and Turf

 

and Forestry

 

Total

 

Goodwill at October 29, 2017

 

$

521

 

$

512

 

$

1,033

 

Acquisitions

 

 

25

 

 

2,060

 

 

2,085

 

Divestitures

 

 

 

 

 

(10)

 

 

(10)

 

Translation adjustments

 

 

5

 

 

76

 

 

81

 

Goodwill at April 29, 2018

 

$

551

 

$

2,638

 

$

3,189

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill at October 28, 2018

 

$

583

 

$

2,518

 

$

3,101

 

Translation adjustments

 

 

(2)

 

 

(74)

 

 

(76)

 

Goodwill at April 28, 2019

 

$

581

 

$

2,444

 

$

3,025

 

There were no accumulated impairment losses in the reported periods.

Components of Other Intangible Assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Useful Lives *

    

April 28

    

October 28

    

April 29

 

 

 

(Years)

 

2019

 

2018

 

2018

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists and relationships

 

16

 

$

528

 

$

542

 

$

590

 

Technology, patents, trademarks, and other

 

18

 

 

1,059

 

 

1,080

 

 

1,109

 

Total at cost

 

 

 

 

1,587

 

 

1,622

 

 

1,699

 

Less accumulated amortization **

 

 

 

 

234

 

 

183

 

 

130

 

Total

 

 

 

 

1,353

 

 

1,439

 

 

1,569

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

In-process research and development

 

 

 

 

123

 

 

123

 

 

123

 

Other intangible assets – net

 

 

 

$

1,476

 

$

1,562

 

$

1,692

 

*  Weighted-averages

**Accumulated amortization at April 28, 2019, October 28, 2018, and April 29, 2018 for customer lists and relationships totaled $62 million, $46 million, and $30 million and technology, patents, trademarks, and other totaled $172 million, $137 million, and $100 million, respectively.