v3.25.1
Goodwill and Intangible Assets
6 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table sets forth goodwill by segment:
Wet
Shave
Sun and Skin
Care
Feminine
Care
Total
Gross balance as of September 30, 2024$1,146.0 $357.4 $206.2 $1,709.6 
Accumulated goodwill impairment(369.0)(2.0)— (371.0)
Net balance as of September 30, 2024$777.0 $355.4 $206.2 $1,338.6 
Changes in the six months ended March 31, 2025
Cumulative translation adjustment$(2.9)$(0.6)$(2.4)$(5.9)
Gross balance as of March 31, 2025
$1,143.1 $356.8 $203.8 $1,703.7 
Accumulated goodwill impairment(369.0)(2.0)— (371.0)
Net balance as of March 31, 2025
$774.1 $354.8 $203.8 $1,332.7 
The following table sets forth intangible assets by class:
March 31, 2025September 30, 2024
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Accumulated
Amortization
Net
Indefinite lived
Trade names and brands$595.3 $— $595.3 $597.7 $— $597.7 
Amortizable
Trade names and brands$339.7 $111.8 $227.9 $339.8 $104.0 $235.8 
Technology and patents79.5 77.3 2.2 79.7 77.3 2.4 
Customer related and other270.9 166.3 104.6 272.5 159.9 112.6 
Amortizable intangible assets690.1 355.4 334.7 692.0 341.2 350.8 
Total intangible assets$1,285.4 $355.4 $930.0 $1,289.7 $341.2 $948.5 
Amortization expense was $7.7 and $15.5 for the three and six months ended March 31, 2025, respectively. Amortization expense was $7.8 and $15.6 for the three and six months ended March 31, 2024, respectively. Estimated amortization expense for amortizable intangible assets is as follows:
Estimated amortization expense
Remainder of fiscal year 2025$15.5 
202630.7 
202730.5 
202830.4 
202930.4 
203030.3 
Thereafter166.9 

Goodwill and intangible assets deemed to have an indefinite life are not amortized but are instead reviewed annually for impairment or when indicators of a potential impairment are present. The Company’s annual impairment testing date is July 1. An interim impairment analysis may indicate that carrying amounts of goodwill and other intangible assets require adjustment or that remaining useful lives should be revised. The Company continuously monitors events which could trigger an interim impairment analysis, such as changing business conditions, our financial performance and our market capitalization. The Company determined there were no triggering events requiring an interim impairment analysis during the three and six months ended March 31, 2025.