INTANGIBLE ASSETS

6 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Other intangible assets–net in the condensed consolidated balance sheets consist of the following (in millions):


	March 29, 2025						September 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	1,141	$	—	$	1,141	$	1,165	$	—	$	1,165
Technology	2,573		1,061		1,512		2,510		1,003		1,507
Order backlog	48		17		31		61		13		48
Customer relationships	930		197		733		895		175		720
Other	11		6		5		12		6		6
Total	$	4,703	$	1,281	$	3,422	$	4,643	$	1,197	$	3,446

The aggregate amortization expense on identifiable intangible assets is approximately $47 million and $37 million for the thirteen week periods ended March 29, 2025 and March 30, 2024, respectively. The aggregate amortization expense on identifiable intangibles assets is approximately $97 million and $72 million for the twenty-six week periods ended March 29, 2025 and March 30, 2024, respectively.

Intangible assets acquired during the twenty-six week period ended March 29, 2025 are summarized in the table below (in millions):


	Gross Amount		Amortization Period
Intangible assets not subject to amortization:
Goodwill	$	60
Trademarks and trade names	1
	61
Intangible assets subject to amortization:
Technology	24		10 years
Order backlog	4		1 year
Customer relationships	8		10 years
	36
Total	$	97

The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2024 through March 29, 2025 (in millions):


	Power & Control		Airframe		Non-aviation		Total
Balance at September 30, 2024	$	5,020	$	5,306	$	93	$	10,419
Goodwill acquired during the period	60		—		—		60
Purchase price allocation adjustments (1)	6		(61)		—		(55)

Currency translation adjustments and other	(21)		(39)		(9)		(69)
Balance at March 29, 2025	$	5,065	$	5,206	$	84	$	10,355

(1)Primarily related to the opening balance sheet adjustments recorded from the acquisition of Raptor Scientific (Airframe) completed during the fourth quarter of fiscal 2024 and CPI's Electron Device Business (Power & Control) completed during the third quarter of fiscal 2024, within the allowable measurement period (not to exceed one year). Refer to Note 2, “Acquisitions,” for further information.

The Company performs its annual impairment test for goodwill and other intangible assets as of the first day of the fourth fiscal quarter of each year, or more frequently, if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We have assessed the changes in events and circumstances through the second quarter of fiscal 2025 and concluded that no triggering events occurred that required an interim test.