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Goodwill and Intangible Assets | 12 Months Ended
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Sep. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | . GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill balance was $2,176.7 million as of each of September 29, 2023, and September 30, 2022. The Company performed an impairment test of its goodwill and its indefinite-lived intangible assets as of the first day of the fourth fiscal quarter in accordance with its regularly scheduled testing. The results of these tests indicated that the Company’s goodwill and indefinite-lived intangible assets were not impaired. There were no indicators of impairment noted during the fiscal year ended September 29, 2023. Intangible assets consist of the following (in millions):
|  |  | As of |  | As of
| Weighted average amortization period (years) |  | September 29, 2023 |  | September 30, 2022
|  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Customer relationships and backlog | 2.3 |  | $ | 154.6 |  |  | $ | (154.6) |  |  | $ | — |  |  | $ | 154.6 |  |  | $ | (122.3) |  |  | $ | 32.3 |
Developed technology and other | 6.1 |  | 1,290.4 |  |  | (379.4) |  |  | 911.0 |  |  | 1,280.9 |  |  | (209.2) |  |  | 1,071.7 |
Technology licenses | 2.8 |  | 75.8 |  |  | (36.0) |  |  | 39.8 |  |  | 105.1 |  |  | (45.2) |  |  | 59.9 |
In-process research and development |  |  | 271.3 |  |  | — |  |  | 271.3 |  |  | 280.8 |  |  | — |  |  | 280.8 |
Total intangible assets |  |  | $ | 1,792.1 |  |  | $ | (570.0) |  |  | $ | 1,222.1 |  |  | $ | 1,821.4 |  |  | $ | (376.7) |  |  | $ | 1,444.7 |
Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. During fiscal 2023 and fiscal 2022, $9.5 million and $293.5 million, respectively, of IPR&D assets were transferred to definite-lived intangible assets, and are being amortized over their useful lives of 12 years. Amortization expense related to definite-lived intangible assets was $225.9 million, $288.4 million, and $86.8 million for the fiscal years ended September 29, 2023, September 30, 2022, and October 1, 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):
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
Amortization expense | $ | 179.1 |  |  | $ | 155.7 |  |  | $ | 127.8 |  |  | $ | 112.6 |  |  | $ | 89.9 |  |  | $ | 285.7 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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