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Intangible Assets and Goodwill (Tables) | 3 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consisted of the following:
Description | As of December 30, 2023 |  | As of September 30, 2023
Gross Carrying Value |  | Accumulated Amortization |  | Gross Carrying Value |  | Accumulated Amortization
Acquired intangible assets: |  |  |  |  |  |  |
Developed technology | $ | 4,419.7 |  |  | $ | 3,698.9 |  |  | $ | 4,411.0 |  |  | $ | 3,649.5 |
In-process research and development | 22.4 |  |  | — |  |  | 25.7 |  |  | — |
Customer relationships | 602.6 |  |  | 559.6 |  |  | 600.0 |  |  | 550.6 |
Trade names | 254.1 |  |  | 219.0 |  |  | 253.6 |  |  | 212.8 |
Total acquired intangible assets | $ | 5,298.8 |  |  | $ | 4,477.5 |  |  | $ | 5,290.3 |  |  | $ | 4,412.9 |
Internal-use software | 24.9 |  |  | 18.7 |  |  | 24.0 |  |  | 17.8 |
Capitalized software embedded in products | 28.4 |  |  | 23.2 |  |  | 27.7 |  |  | 22.7 |
Total intangible assets | $ | 5,352.1 |  |  | $ | 4,519.4 |  |  | $ | 5,342.0 |  |  | $ | 4,453.4 |
Schedule of Estimated Amortization Expense | The estimated remaining amortization expense of the Company’s acquired intangible assets as of December 30, 2023 for each of the five succeeding fiscal years was as follows:
Remainder of Fiscal 2024 | $ | 151.5 |
Fiscal 2025 | $ | 188.5 |
Fiscal 2026 | $ | 158.6 |
Fiscal 2027 | $ | 71.5 |
Fiscal 2028 | $ | 68.5 |
During the first quarter of fiscal 2024, the Company assessed its only in-process research and development intangible asset from its Mobidiag Oy acquisition for impairment. The Company determined the fair value of this indefinite lived asset utilizing the DCF model and recorded a $4.3 million impairment charge, reducing the fair value of this asset to $22.4 million. The reduction in fair value of this asset was primarily due to a reduction in forecasted revenues and a delay in the timing of completing the project. In addition, the Company determined that the useful life of the customer relationship and trademark intangible assets from its Mobidiag acquisition should be shortened and recorded accelerated amortization expense of $7.3 million.

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