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Identifiable Intangible Assets | 12 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Identifiable Intangible Assets | Intangible Assets and Goodwill At March 31, 2020, as a result of the COVID-19 pandemic, we performed a quantitative interim impairment assessment for goodwill and indefinite-lived intangible assets associated with the Krausz acquisition and concluded that these assets were not impaired. We completed our annual goodwill impairment test and determined th ere were no impairments at September 1, 2020. Intangible Assets Direct internal and external costs to develop software licensed by Technologies’ customers are capitalized. Capitalized costs are amortized over the 6-year estimated useful life of the software, beginning when the software is complete and ready for its intended use. At September 30, 2020, the remaining weighted-average amortization period for this software was 2.0 years. Amortization expense related to such software assets was $3.3 million, $3.3 million and $2.9 million for 2020, 2019 and 2018, respectively. Amortization expense for each of the next five years is scheduled to be $3.2 million in 2021, $2.7 million in 2022, $2.2 million in 2023, $1.5 million in 2024 and $0.8 million in 2025. At September 30, 2020, the remaining weighted-average amortization period for the business combination-related finite-lived customer relationship and technology intangible assets were 4.2 years and 3.9 years, respectively. Amortization expense related to these assets was $24.9 million, $23.7 million and $19.9 million for 2020, 2019 and 2018, respectively. Amortization expense for each of the next five years is scheduled to be $24.9 million in 2021, $24.7 million in 2022, $24.7 million in 2023, $24.3 million in 2024 and $4.8 million in 2025. Intangible assets are presented below.
| September 30,
| 2020 |  | 2019
| (in millions)
Capitalized internal-use software: |  |  |
Cost | $ | 31.5 |  |  | $ | 30.2 |
Accumulated amortization | (20.8) |  |  | (17.5) |
Net book value | 10.7 |  |  | 12.7 |
Business combination-related: |  |  |
Cost: |  |  |
Finite-lived intangible assets: |  |  |
Technology | 118.5 |  |  | 116.6 |
Customer relationships and other | 370.2 |  |  | 370.0 |
Indefinite-lived intangible assets: |  |  |
Trade names and trademarks | 271.6 |  |  | 271.4 |
| 760.4 |  |  | 758.0 |
Accumulated amortization: |  |  |
Technology | (81.0) |  |  | (76.4) |
Customer relationships and other | (281.2) |  |  | (260.6) |
| (362.2) |  |  | (337.0) |
Net book value | 398.2 |  |  | 421.0 |
Total intangible assets net book value | $ | 408.9 |  |  | $ | 433.7 |
Goodwill Changes in the carrying amount of goodwill were as follows:
| September 30,
| 2020 |  | 2019
| (in millions)
Balance at beginning of year | $ | 95.7 |  |  | $ | 12.1 |
Acquisition of Krausz | 0.3 |  |  | 80.1 |
Change in foreign currency exchange rates | 3.8 |  |  | 3.5 |
Balance at end of year | $ | 99.8 |  |  | $ | 95.7 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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