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Intangible Assets

12 Months Ended

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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- References

No definition available.

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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

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