Intangible Assets

6 Months Ended

Apr. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill


(In millions)	CooperVision		CooperSurgical		Total



Balance at October 31, 2020	$	1,779.3	$	668.0	$	2,447.3
Current period additions	31.1		18.6		49.7
Foreign currency translation adjustment	63.5		7.2		70.7
Balance at April 30, 2021	$	1,873.9	$	693.8	$	2,567.7

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 the third quarter of fiscal 2020, and its analysis indicated that there was no impairment of goodwill in reporting units.

Other Intangible Assets


	April 30, 2021				October 31, 2020
(In millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Weighted Average Amortization Period (in years)

Intangible assets with definite lives:
Composite intangible asset	$	1,061.9	$	247.8	$	1,061.9	$	212.4	15
Technology	564.8		270.1		401.2		251.9		11
Customer relationships	378.3		229.7		367.0		216.2		13
Trademarks	155.9		43.3		153.4		37.7		14
License and distribution rights and other	32.2		19.9		31.8		18.2		10
	2,193.1		$	810.8	2,015.3		$	736.4	14
Less: accumulated amortization and translation	810.8				736.4
Intangible assets with definite lives, net	1,382.3				1,278.9
Intangible assets with indefinite lives, net (1)	30.1				10.1
Total other intangibles, net	$	1,412.4			$	1,289.0

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

Balances include foreign currency translation adjustments.

As of April 30, 2021, the estimate of future amortization expenses for intangible assets with definite lives is as follows:


Fiscal Years:	(In millions)
Remainder of 2021	$	76.7
2022	151.6
2023	149.3
2024	145.1
2025	134.6
Thereafter	725.0
Total remaining amortization for intangible assets with definite lives	$	1,382.3

The Company assesses definite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of a definite-lived intangible asset (asset group) may not be recoverable. When events or changes in circumstances indicate that the carrying amount of a definite-lived intangible asset may not be recoverable, in accordance with related accounting standards, the Company evaluates whether the definite-lived intangible asset is impaired by comparing its carrying value to its undiscounted future cash flows.

The Company assesses indefinite-lived intangible assets annually in the third quarter of the fiscal year, or whenever events or circumstances indicate that the carrying amount of an indefinite-lived intangible asset (asset group) may not be recoverable, in accordance with related accounting standards. The Company evaluates whether the indefinite-lived intangible asset is impaired by comparing its carrying value to its fair value.

The Company performed an annual impairment assessment in the third quarter of fiscal 2020 and did not recognize any intangible asset impairment charges.