GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Jul. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes the changes in the carrying amount of goodwill by segment for the nine months ended July 31, 2020:


(in millions)	Rigid Industrial Packaging & Services		Paper Packaging & Services		Total
Balance at October 31, 2019	$	731.7	$	786.1	$	1,517.8

Goodwill allocated to divestitures	(0.7)		(35.6)		(36.3)
Goodwill adjustments related to acquisitions	0.9		2.8		3.7

Currency translation	20.1		—		20.1
Balance at July 31, 2020	$	752.0	$	753.3	$	1,505.3

The $36.3 million in adjustments related to divestitures was mainly composed of $35.6 million for the CPG divestiture in the Paper Packaging & Services segment. The $3.7 million in adjustments related to acquisitions was mainly composed of $2.8 million for measurement period adjustments related to the Caraustar Acquisition in the Paper Packaging & Services segment. See Note 2 to the Interim Condensed Consolidated Financial Statements for additional disclosure of goodwill adjustments by acquisitions and divestitures.

The following table summarizes the carrying amount of net intangible assets by class as of July 31, 2020 and October 31, 2019:


(in millions)	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
July 31, 2020:
Indefinite lived:
Trademarks and patents	$	13.5	$	—	$	13.5
Definite lived:
Customer relationships	887.4		191.2		696.2

Trademarks, patents and trade names	27.2		13.5		13.7
Non-compete agreements	2.3		1.9		0.4
Other	21.1		18.7		2.4
Total	$	951.5	$	225.3	$	726.2


(in millions)	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
October 31, 2019:
Indefinite lived:
Trademarks and patents	$	13.1	$	—	$	13.1
Definite lived:
Customer relationships	890.6		150.3		740.3
Trademarks and patents	27.0		9.3		17.7
Non-compete agreements	2.3		0.7		1.6
Other	21.9		18.1		3.8
Total	$	954.9	$	178.4	$	776.5

Gross intangibles assets decreased by $3.4 million for the nine months ended July 31, 2020. The decrease was attributable to $0.9 million of impairments and $8.3 million of write-offs of fully-amortized assets, offset by $5.8 million of currency fluctuations.

Amortization expense was $17.2 million and $17.1 million for the three months ended July 31, 2020 and 2019, respectively. Amortization expense was $52.1 million and $35.5 million for the nine months ended July 31, 2020 and 2019, respectively. Amortization expense for the next five years is expected to be $69.1 million in 2020, $66.5 million in 2021, $58.5 million in 2022, $56.0 million in 2023 and $52.7 million in 2024.

Definite lived intangible assets for the periods presented are subject to amortization and are being amortized using the straight-line method over periods that are contractually, legally determined, or over the period a market participant would benefit from the asset.