XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets Intangible assets consisted of the following:
Description | As of December 28, 2024 |  | As of September 28, 2024
Gross Carrying Value |  | Accumulated Amortization |  | Gross Carrying Value |  | Accumulated Amortization
Acquired intangible assets: |  |  |  |  |  |  |
Developed technology | $ | 4,562.7 |  |  | $ | 3,877.3 |  |  | $ | 4,567.0 |  |  | $ | 3,834.0 |
In-process research and development | 24.9 |  |  | — |  |  | 25.1 |  |  | — |
Customer relationships | 607.7 |  |  | 570.2 |  |  | 609.7 |  |  | 569.8 |
Trade names | 259.6 |  |  | 225.5 |  |  | 260.3 |  |  | 224.5 |
Total acquired intangible assets | $ | 5,454.9 |  |  | $ | 4,673.0 |  |  | $ | 5,462.1 |  |  | $ | 4,628.3 |
Internal-use software | 26.0 |  |  | 20.8 |  |  | 25.7 |  |  | 20.5 |
Capitalized software embedded in products | 31.1 |  |  | 24.9 |  |  | 30.2 |  |  | 24.6 |
Total intangible assets | $ | 5,512.0 |  |  | $ | 4,718.7 |  |  | $ | 5,518.0 |  |  | $ | 4,673.4 |
The estimated remaining amortization expense of the Company’s acquired intangible assets as of December 28, 2024 for each of the five succeeding fiscal years was as follows:
Remainder of Fiscal 2025 | $ | 148.1 |
Fiscal 2026 | $ | 169.0 |
Fiscal 2027 | $ | 81.9 |
Fiscal 2028 | $ | 78.8 |
Fiscal 2029 | $ | 73.2 |
During the first quarter of fiscal 2024, the Company assessed its in-process research and development intangible asset from its Mobidiag acquisition for impairment. The Company determined the fair value of this indefinite-lived asset utilizing the discounted cash flow model and recorded a $4.3 million impairment charge, reducing the fair value of this asset to $22.4 million. The reduction in the 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 trade name intangible assets from its Mobidiag acquisition should be shortened and recorded accelerated amortization expense of $7.3 million to bring the net carrying values to zero.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration