Intangible Assets

3 Months Ended

Jan. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Goodwill

(In millions)	CooperVision		CooperSurgical			Total
Balance at October 31, 2018	$	1,742.9	$	649.2		$	2,392.1
Net additions	14.1		22.0			36.1
Translation	8.4		(7.7		)	0.7
Balance at October 31, 2019	1,765.4		663.5			2,428.9
Net additions	—		4.0			4.0
Translation	13.3		(0.3		)	13.0
Balance at January 31, 2020	$	1,778.7	$	667.2		$	2,445.9

The Company evaluates goodwill for impairment annually during the fiscal third quarter and when an event occurs or circumstances change such that it is reasonably possible that impairment may exist. The Company accounts for goodwill, evaluates and tests goodwill balances for impairment in accordance with related accounting standards. The Company performed an annual impairment assessment in third quarter of fiscal 2019, and its analysis indicated that there was no impairment of goodwill in reporting units.

Other Intangible Assets

	January 31, 2020				October 31, 2019
(In millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Weighted Average Amortization Period (in years)
Intangible assets with definite lives:
Trademarks	$	148.5	$	29.8	$	148.5	$	27.3	14
Composite intangible asset	1,061.9		159.3		1,061.9		141.6		15
Technology	400.2		229.1		399.9		221.2		11
Customer relationships	361.4		200.1		357.6		194.0		13
License and distribution rights and other	27.8		16.0		27.9		15.3		11
	1,999.8		$	634.3	1,995.8		$	599.4	14
Less: accumulated amortization and translation	634.3				599.4
Intangible assets with definite lives, net	1,365.5				1,396.4
Intangible assets with indefinite lives, net (1)	8.9				8.9
Total other intangibles, net	$	1,374.4			$	1,405.3

⁽¹⁾ Intangible assets with indefinite lives include technology and trademarks.

Balances include foreign currency translation adjustments.

As of January 31, 2020, the estimation of amortization expenses for intangible assets with definite lives is as follows:

Fiscal years:	(In millions)
Remainder of 2020	$	101.5
2021	135.0
2022	133.1
2023	130.9
2024	126.6
Thereafter	738.4
Total remaining amortization for intangible assets with definite lives	$	1,365.5

The Company assesses indefinite-lived intangible assets annually during the fiscal third quarter and both indefinite-lived and definite-lived intangible assets, when an event occurs or change in circumstances indicate that the carrying amount of an intangible asset may not be recoverable, in accordance with related accounting standards. The Company performed an annual impairment assessment in third quarter of fiscal 2019 and did not recognize any material intangible asset impairment charges.