ACQUISITIONS (Tables)

9 Months Ended

Jul. 31, 2022

Kreisel

Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date

The preliminary fair values assigned to the assets and liabilities of the acquired entity in millions of dollars, which is based on information as of the acquisition date and available at July 31, 2022 follows:

	February 7
	2022
Trade accounts and notes receivable	$	2
Other receivables		11
Inventories		11
Property and equipment		11
Goodwill		218
Other intangible assets		178
Other assets		6
Total assets	$	437
Accounts payable and accrued expenses	$	27
Deferred income taxes		38
Redeemable noncontrolling interest	$	96

Excavator Factories

Total Invested Capital

The total invested capital follows:

	February 28
	2022
Cash consideration for factories	$	205
Cash consideration for license agreement		70
Deferred consideration		271
Total purchase price consideration		546
Less: Cash obtained		(187)
Less: Settlement of intercompany balances		(113)
Net purchase price consideration		246
Fair value of previously held equity investment		444
Total invested capital	$	690

Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date

The preliminary fair values assigned to the assets and liabilities of the acquired factories in millions of dollars, which are based on information as of the acquisition date and available at July 31, 2022, follows:

	February 28
	2022
Other receivables	$	29
Inventories		286
Property and equipment		182
Goodwill		527
Other intangible assets		70
Deferred income taxes		56
Total assets	$	1,150
Accounts payable and accrued expenses	$	297
Long-term borrowings		163
Total liabilities	$	460

Other Acquisitions

Preliminary Fair Values Assigned to Assets and Liabilities as of the Acquisition Date

The preliminary asset and liability fair values at the respective acquisition dates follow in millions of dollars:

	July 31
	2022
Trade accounts and notes receivable	$	8
Inventories		8
Property and equipment		4
Goodwill		53
Other intangible assets		21
Other assets		50
Total assets	$	144
Accounts payable and accrued expenses	$	6
Deferred income taxes		5
Total liabilities	$	11
Redeemable noncontrolling interest	$	9