| GOODWILL AND OTHER INTANGIBLE ASSETS - NET |
(11) Goodwill and Other Intangible Assets – Net The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses. | | | | | | | | | | | | | | | | Production & | | Small Ag | | Construction | | | | | | | Precision Ag | | & Turf | | & Forestry | | Total | | Goodwill at October 30, 2022 | | $ | 646 | | $ | 318 | | $ | 2,723 | | $ | 3,687 | | Acquisition | | | 41 | | | | | | | | | 41 | | Translation adjustments | | | 18 | | | 8 | | | 209 | | | 235 | | Goodwill at April 30, 2023 | | $ | 705 | | $ | 326 | | $ | 2,932 | | $ | 3,963 | | | | | | | | | | | | | | | | Goodwill at October 29, 2023 | | $ | 702 | | $ | 363 | | $ | 2,835 | | $ | 3,900 | | Translation adjustments | | | 1 | | | 1 | | | 34 | | | 36 | | Goodwill at April 28, 2024 | | $ | 703 | | $ | 364 | | $ | 2,869 | | $ | 3,936 | |
The components of other intangible assets were as follows: | | | | | | | | | | | | | April 28 | | October 29 | | April 30 | | | | 2024 | | 2023 | | 2023 | | Customer lists and relationships | | $ | 505 | | $ | 501 | | $ | 525 | | Technology, patents, trademarks, and other | | | 1,404 | | | 1,387 | | | 1,397 | | Total at cost | | | 1,909 | | | 1,888 | | | 1,922 | | Less accumulated amortization: | | | | | | | | | | | Customer lists and relationships | | | 213 | | | 195 | | | 193 | | Technology, patents, trademarks, and other | | | 632 | | | 560 | | | 507 | | Total accumulated amortization | | | 845 | | | 755 | | | 700 | | Other intangible assets – net | | $ | 1,064 | | $ | 1,133 | | $ | 1,222 | |
The amortization of other intangible assets in the second quarter and the first six months of 2024 was $41 and $83, and for the second quarter and the first six months of 2023 was $45 and $84, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $89, 2025 – $144, 2026 – $120, 2027 – $119, 2028 – $86, and 2029 – $73.
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