DEERE & CO
For the period ended Nov 2, 2025. Filed Dec 18, 2025.
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FY2025 · Filed Dec 18, 2025
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Goodwill and Other Intangible Assets ‒ Net
15.** GOODWILL AND OTHER INTANGIBLE ASSETS – **NET
The changes in amounts of goodwill by operating segments were as follows.
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · PPA · · SAT · · CF · · Total | |||||||||||||
| October 29, 2023 | | $702 | | $363 | | $2,835 | | $3,900 | |||||
| Translation adjustments and other | | | (1) | | | 2 | | | 58 | | 59 | | |
| October 27, 2024 | | | 701 | | | 365 | | | 2,893 | | 3,959 | | |
| Acquisitions (Note 3) | | | 30 | | | 24 | | | 11 | | | 65 | |
| Translation adjustments and other | | | 13 | | | 4 | | | 147 | | 164 | | |
| November 2, 2025 | | $744 | | $393 | | $3,051 | | $4,188 | | ||||
The components of other intangible assets were as follows:
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · 2025 · · 2024 | |||||||
| Customer lists and relationships | | $482 | | $508 | |||
| Technology, patents, trademarks, and other | | 1,518 | | 1,423 | | ||
| Total at cost | | 2,000 | | 1,931 | | ||
| Less accumulated amortization: | | | | | | ||
| Customer lists and relationships | | | (260) | | | (231) | |
| Technology, patents, trademarks, and other | | | (848) | | | (701) | |
| Total accumulated amortization | | | (1,108) | | | (932) | |
| Other intangible assets – net | $892 | $999 | | ||||
Actual amortization expense for the past three years and the estimated amortization expense for the next five years follows:
| | | | | | |
|---|---|---|---|---|---|
| Year · · · Amortization · | |||||
| 2023 | | | $169 | | |
| 2024 | | | | 166 | |
| 2025 | | | | 143 | |
| Estimated – | 2026 | | | 140 | |
| | 2027 | | | 133 | |
| | 2028 | | | 97 | |
| | 2029 | | | 80 | |
| | 2030 | | | 72 | |
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