Goodwill and Other Intangible assets, Net (Notes)

12 Months Ended

Oct. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

7. Goodwill and Other Intangible Assets, Net

For our reporting unit with goodwill, we perform a goodwill impairment test on an annual basis on August 1st, or more frequently, if circumstances change or an event occurs that would more likely than not reduce the fair value of the reporting unit below its carrying amount. As part of our impairment analysis for this reporting unit in the current year, we performed a qualitative assessment. 

The following table presents the carrying amount of Goodwill in our Consolidated Balance Sheets for each operating segment:

(in millions)	Truck		Parts		Global Operations		Total
As of October 31, 2014	$	—	$	38	$	—	$	38
Impairments and currency translation	—		—		—		—
As of October 31, 2015	$	—	$	38	$	—	$	38
Impairments and currency translation	—		—		—		—
As of October 31, 2016	$	—	$	38	$	—	$	38
Impairments and currency translation	—		—		—		—
As of October 31, 2017	$	—	$	38	$	—	$	38

Our intangible assets that are not subject to amortization as of October 31, 2017 and 2016 includes trademarks in our Brazilian engine reporting unit of $21 million, for both periods. During the third quarter of 2016, we determined that $1 million of the trademark asset carrying value was impaired. For more information, see Note 2, Restructuring and Impairments.

Information regarding our intangible assets that are subject to amortization is as follows:

	As of October 31, 2017
(in millions)	Customer Base and Relationships			Trademarks, Patents and Other			Total
Gross carrying value	$	73		$	117		$	190
Accumulated amortization	(69		)	(102		)	(171		)
Net of amortization	$	4		$	15		$	19

	As of October 31, 2016
(in millions)	Customer Base and Relationships			Trademarks, Patents and Other			Total
Gross carrying value	$	73		$	121		$	194
Accumulated amortization	(65		)	(97		)	(162		)
Net of amortization	$	8		$	24		$	32

We recorded amortization expense for our finite-lived intangible assets of $12 million, $12 million, and $10 million for the years ended October 31, 2017, 2016, and 2015, respectively. Future estimated amortization expense for our finite-lived intangible assets for the remaining years is as follows:

(in millions)	Estimated Amortization
2018	$	7
2019	4
2020	2
2021	1
2022	1
Thereafter	4