v3.26.1
Goodwill And Intangible Assets
6 Months Ended
Apr. 03, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
7.    GOODWILL AND INTANGIBLE ASSETS

There were no changes to the carrying amount of goodwill during the three and six months ended April 3, 2026.

The Company tests its goodwill and its indefinite-lived intangible assets for impairment annually as of the first day of its fourth fiscal quarter and in interim periods if certain events occur indicating the carrying value may be impaired. There were no indicators of goodwill and in-process research and development (“IPR&D”) impairment noted during the three and six months ended April 3, 2026 and March 28, 2025, respectively.

Intangible assets consist of the following (in millions):
As of
Weighted
Average
Amortization
Period (Years)
April 3, 2026October 3, 2025
 
 
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Developed technology and other6.4$1,396.5 $(750.7)$645.8 $1,396.5 $(678.5)$718.0 
Technology licenses3.2106.7 (33.7)73.0 167.0 (78.8)88.2 
In-process research and development2.8 — 2.8 2.8 — 2.8 
Total intangible assets$1,506.0 $(784.4)$721.6 $1,566.3 $(757.3)$809.0 

Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. There were no transfers of IPR&D assets to definite-lived intangible assets during the three and six months ended April 3, 2026. During each of the three and six months ended March 28, 2025, $24.7 million of IPR&D assets were transferred to definite-lived intangible assets, and are being amortized over their useful lives of eight years. Amortization expense related to definite-lived intangible assets was $42.9 million and $87.5 million for the three and six months ended April 3, 2026,
respectively, primarily recorded within cost of goods sold. Amortization expense related to definite-lived intangible assets was $45.6 million and $94.0 million for the three and six months ended March 28, 2025, respectively, primarily recorded within cost of goods sold.

Annual amortization expense for the next five fiscal years related to definite-lived intangible assets, excluding IPR&D, is expected to be as follows (in millions):
Remaining 20262027202820292030Thereafter
Amortization expense$85.8 $159.2 $124.6 $91.0 $83.2 $175.0