Intangible Assets

6 Months Ended

Apr. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

HP’s intangible assets were composed of:

	As of April 30, 2019						As of October 31, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	In millions
Customer contracts, customer lists and distribution agreements	$	391	$	105	$	286	$	112	$	88	$	24
Technology, patents and trade name	628		213		415		601		172		429
Total intangible assets	$	1,019	$	318	$	701	$	713	$	260	$	453

During the six months ended April 30, 2019, the increase in gross intangible assets was primarily due to intangible assets resulting from the acquisition of the Apogee group, which are based on preliminary fair value estimates of the assets acquired.

The weighted-average useful lives of intangible assets acquired during the period are as follows:

	Weighted-Average Useful Life
Customer contracts, customer lists and distribution agreements	9
Technology, patents and trade name	7

As of April 30, 2019, estimated future amortization expense related to intangible assets was as follows:

Fiscal year	In millions
Remainder of 2019	$	57
2020	115
2021	114
2022	114
2023	113
Thereafter	188
Total	$	701