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Goodwill And Intangible Assets | 6 Months Ended
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Mar. 28, 2025
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 six months ended March 28, 2025. The Company tests its goodwill and its indefinite-lived intangible assets 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 may be impaired. There were no indicators of goodwill and IPR&D impairment noted during the three and six months ended March 28, 2025. Refer to Note 4 for a discussion of an IPR&D impairment of $16.1 million during the six months ended March 29, 2024. There were no indicators of IPR&D impairment noted during the three months ended March 29, 2024. Intangible assets consist of the following (in millions):
|  | As of
| Weighted Average Amortization Period (Years) | March 28, 2025 |  | September 27, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology and other | 6.4 | $ | 1,388.6 |  |  | $ | (602.7) |  |  | $ | 785.9 |  |  | $ | 1,379.6 |  |  | $ | (540.7) |  |  | $ | 838.9 |
Technology licenses | 3.2 | 106.6 |  |  | (64.4) |  |  | 42.2 |  |  | 75.0 |  |  | (48.8) |  |  | 26.2 |
In-process research and development |  | 10.7 |  |  | — |  |  | 10.7 |  |  | 35.4 |  |  | — |  |  | 35.4 |
Total intangible assets |  | $ | 1,505.9 |  |  | $ | (667.1) |  |  | $ | 838.8 |  |  | $ | 1,490.0 |  |  | $ | (589.5) |  |  | $ | 900.5 |
Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. During each of the three and six months ended March 28, 2025, $24.7 million of IPR&D assets were transferred to definite-lived intangible assets, and are being amortized over their useful lives of 8 years. During each of the three and six months ended March 29, 2024, $55.7 million of IPR&D assets were transferred to definite-lived intangible assets, and are being amortized over their useful lives of 8 years. Amortization expense related to definite-lived intangible assets was $45.6 million and $94.0 million for the three and six months ended March 28, 2025, respectively, primarily recorded within cost of goods sold. Amortization expense related to definite-lived intangible assets was $45.5 million and $93.6 million for the three and six months ended March 29, 2024, respectively, primarily recorded within cost of goods sold. 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 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter
Amortization expense | $ | 86.8 |  |  | $ | 152.7 |  |  | $ | 136.6 |  |  | $ | 107.5 |  |  | $ | 90.0 |  |  | $ | 254.5 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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