INTANGIBLE ASSETS

9 Months Ended

Jun. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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


	June 28, 2025						September 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	1,154	$	—	$	1,154	$	1,165	$	—	$	1,165
Technology	2,630		1,106		1,524		2,510		1,003		1,507
Order backlog	59		23		36		61		13		48
Customer relationships	955		213		742		895		175		720
Other	12		6		6		12		6		6
Total	$	4,810	$	1,348	$	3,462	$	4,643	$	1,197	$	3,446

The aggregate amortization expense on identifiable intangible assets is approximately $51 million and $38 million for the thirteen week periods ended June 28, 2025 and June 29, 2024, respectively. The aggregate amortization expense on identifiable intangibles assets is approximately $148 million and $110 million for the thirty-nine week periods ended June 28, 2025 and June 29, 2024, respectively.

Intangible assets acquired during the thirty-nine week period ended June 28, 2025 are summarized in the table below (in millions):


	Gross Amount		Amortization Period
Intangible assets not subject to amortization:
Goodwill	$	111

	111
Intangible assets subject to amortization:
Technology & other	48		10 years
Order backlog	14		1 year
Customer relationships	18		10 years
	80
Total	$	191

The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2024 through June 28, 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	111		—		—		111
Purchase price allocation adjustments (1)	18		(56)		—		(38)

Currency translation adjustments and other	38		18		—		56
Balance at June 28, 2025	$	5,187	$	5,268	$	93	$	10,548

(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 third quarter of fiscal 2025 and concluded that no triggering events occurred that required an interim test.