GOODWILL AND OTHER INTANGIBLE ASSETS-NET

3 Months Ended

Feb. 02, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

(14)  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 Turf		and Forestry		Total
Goodwill at October 28, 2018	$	583	$	2,518	$	3,101
Translation adjustments and other		2		(55)		(53)
Goodwill at January 27, 2019	$	585	$	2,463	$	3,048
Goodwill at November 3, 2019	$	574	$	2,343	$	2,917
Translation adjustments and other		(3)		31		28
Goodwill at February 2, 2020	$	571	$	2,374	$	2,945

There were no accumulated impairment losses in the reported periods.

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

	February 2		November 3		January 27
	2020		2019		2019
Amortized intangible assets:
Customer lists and relationships	$	517	$	511	$	538
Technology, patents, trademarks, and other		1,013		1,028		1,053
Total at cost		1,530		1,539		1,591
Less accumulated amortization *		304		282		207
Total		1,226		1,257		1,384
Unamortized intangible assets:
In-process research and development		123		123		123
Other intangible assets – net	$	1,349	$	1,380	$	1,507

*   Accumulated amortization at February 2, 2020, November 3, 2019, and January 27, 2019 for customer lists and relationships totaled $86 million, $77 million, and $54 million and technology, patents, trademarks, and other totaled $218 million, $205 million, and $153 million, respectively.

The amortization of other intangible assets in the first quarter of 2020 and 2019 was $25 million and $27 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: remainder of 2020 – $77, 2021 – $101, 2022 – $100, 2023 – $98, and 2024 – $96.