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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill, by segment, consists of the following:
(in millions)GPCH&GTotal
As of September 30, 2024$522.3 $342.6 $864.9 
Foreign currency impact4.0 — 4.0 
As of June 29, 2025$526.3 $342.6 $868.9 
The carrying value and accumulated amortization of intangible assets are as follows:
June 29, 2025September 30, 2024
(in millions)Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Amortizable intangible assets:
Customer relationships$645.7 $(481.6)$164.1 $641.8 $(452.3)$189.5 
Technology assets75.3 (44.8)30.5 75.3 (41.0)34.3 
Tradenames28.2 (12.5)15.7 27.9 (10.9)17.0 
Total amortizable intangible assets749.2 (538.9)210.3 745.0 (504.2)240.8 
Indefinite-lived intangible assets – tradenames741.7 — 741.7 749.6 — 749.6 
Total intangible assets$1,490.9 $(538.9)$952.0 $1,494.6 $(504.2)$990.4 
During the nine month period ended June 29, 2025, the Company and its HPC segment recognized a triggering event associated with its PowerXL® tradename attributable to declining sales expectations on products associated with the brand and a change in our direct to consumer strategy resulting in an impairment charge of $15.7 million.
Amortization expense on intangible assets for the three and nine month periods ended June 29, 2025 and June 30, 2024 is as follows.
Three Month Periods EndedNine Month Periods Ended
(in millions)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Amortization expense$10.5 $11.1 $31.5 $33.4 
Excluding the impact of any future acquisitions, dispositions or changes in foreign currency, the Company estimates amortization expense of intangible assets for the next five fiscal years will be as follows:
(in millions)Amortization
2025 remaining
$10.0 
202640.2 
202740.2 
202838.4 
202935.2