XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill And Intangible Assets | 9 Months Ended
--- | ---
Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | 7. GOODWILL AND INTANGIBLE ASSETS There were no changes to the carrying amount of goodwill during the three and nine months ended July 1, 2022. The Company tests its goodwill 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 of goodwill may be impaired. There were no indicators of impairment noted during the three and nine months ended July 1, 2022. Intangible assets consist of the following (in millions):
|  | As of |  | As of
| Weighted Average Amortization Period (Years) | July 1, 2022 |  | October 1, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships and backlog | 2.3 | 154.6 |  |  | (100.6) |  |  | 54.0 |  |  | 174.3 |  |  | (44.0) |  |  | 130.3 |
Developed technology and other | 4.1 | 1,154.7 |  |  | (160.6) |  |  | 994.1 |  |  | 1,036.9 |  |  | (88.0) |  |  | 948.9 |
Technology licenses | 2.8 | 103.4 |  |  | (37.4) |  |  | 66.0 |  |  | 48.4 |  |  | (23.9) |  |  | 24.5 |
In-process research and development |  | 427.7 |  |  | — |  |  | 427.7 |  |  | 594.9 |  |  | — |  |  | 594.9 |
Total intangible assets |  | $ | 1,840.4 |  |  | $ | (298.6) |  |  | $ | 1,541.8 |  |  | $ | 1,854.5 |  |  | $ | (155.9) |  |  | $ | 1,698.6 |
Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. During the nine months ended July 1, 2022, $167.2 million of in-process research and development (“IPR&D”) assets were transferred to definite-lived intangible assets, and are being amortized over their weighted-average useful lives of 6.6 years. Amortization expense related to definite-lived intangible assets was $65.9 million and $211.8 million for the three and nine months ended July 1, 2022, respectively. Amortization expense related to definite-lived intangible assets was $6.3 million and $23.8 million for the three and nine months ended July 2, 2021, respectively. 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 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter
Amortization expense | $ | 68.2 |  |  | $ | 212.2 |  |  | $ | 164.8 |  |  | $ | 144.0 |  |  | $ | 119.8 |  |  | $ | 405.1 |

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 goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration