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Intangible Assets | 12 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS Goodwill The following summarizes the changes in the carrying amount of goodwill during fiscal 2025 and 2024:
(In millions) |  |
Balance as of September 30, 2023 |  | $ | 578.0 |
Acquisitions (a) |  | 44.3 |
Currency translation |  | (0.1) |
Dispositions |  | (6.9) |
Balance as of September 30, 2024 |  | 615.3 |
Acquisitions (a) |  | 55.6 |
Currency translation |  | (1.5) |
Dispositions |  | (11.4) |
Balance as of September 30, 2025 |  | $ | 658.0 |
(a) Includes measurement period adjustments when applicable.
Other intangible assets Valvoline’s purchased intangible assets were specifically identified when acquired, have finite lives, and are reported in Goodwill and intangibles, net within the Consolidated Balance Sheets. The following summarizes the gross carrying amounts and accumulated amortization of the Company’s intangible assets as of September 30:
(In millions) |  | 2025 |  | 2024
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Definite-lived intangible assets |  |  |  |  |  |  |  |
Trademarks and trade names |  | $ | 29.5 |  |  | $ | (12.7) |  |  | $ | 16.8 |  |  | $ | 29.2 |  |  | $ | (11.4) |  |  | $ | 17.8 |
Reacquired franchise rights |  | 122.3 |  |  | (63.9) |  |  | 58.4 |  |  | 122.2 |  |  | (58.7) |  |  | 63.5 |
Customer relationships |  | 14.7 |  |  | (8.5) |  |  | 6.2 |  |  | 15.1 |  |  | (7.9) |  |  | 7.2 |
Other intangible assets |  | 7.4 |  |  | (6.3) |  |  | 1.1 |  |  | 7.0 |  |  | (5.2) |  |  | 1.8 |
Total definite-lived intangible assets |  | $ | 173.9 |  |  | $ | (91.4) |  |  | $ | 82.5 |  |  | $ | 173.5 |  |  | $ | (83.2) |  |  | $ | 90.3 |
Amortization expense was $14.5 million, $16.7 million, and $16.8 million for the years ended September 30, 2025, 2024, and 2023, respectively. The table that follows summarizes estimated amortization expense for the Company's current intangible assets for the years ended September 30:
(In millions) |  |  | Estimated
|  |  |  |  |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030
Amortization expense |  |  |  |  |  |  | $ | 12.5 |  |  | $ | 12.0 |  |  | $ | 11.9 |  |  | $ | 11.9 |  |  | $ | 10.7 |

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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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