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Other Intangible Assets
 6 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets Other Intangible Assets
The following table summarizes the components of gross and net acquired intangible assets:
Gross
Accumulated
Amortization
Accumulated
Impairment
Net Carrying
Value
 
(in millions)
March 29, 2025
Marketing-related intangible assets – amortizable
$26.0
$(23.1)
$—
$2.9
Marketing-related intangible assets – nonamortizable
266.3
—
(35.0)
231.4
Total
292.3
(23.1)
(35.0)
234.3
Customer-related intangible assets – amortizable
421.7
(188.9)
(17.5)
215.2
Other acquired intangible assets – amortizable
41.9
(35.4)
(0.3)
6.3
Other acquired intangible assets – nonamortizable
7.1
—
(1.2)
5.9
Total
49.1
(35.4)
(1.5)
12.2
Total other intangible assets, net
$763.0
$(247.4)
$(54.0)
$461.7
 
Gross
Accumulated
Amortization
Accumulated
Impairment
Net Carrying
Value
 
(in millions)
March 30, 2024
Marketing-related intangible assets – amortizable
$22.1
$(21.9)
$—
$0.2
Marketing-related intangible assets – nonamortizable
252.5
—
(29.4)
223.1
Total
274.6
(21.9)
(29.4)
223.3
Customer-related intangible assets – amortizable
416.4
(161.4)
(10.3)
244.7
Other acquired intangible assets – amortizable
39.7
(32.5)
(0.3)
6.9
Other acquired intangible assets – nonamortizable
7.1
—
(1.2)
5.9
Total
46.8
(32.5)
(1.5)
12.8
Total other intangible assets, net
$737.8
$(215.7)
$(41.2)
$480.9
 
Gross
Accumulated
Amortization
Accumulated
Impairment
Net Carrying
Value
 
(in millions)
September 28, 2024
Marketing-related intangible assets – amortizable
$26.0
$(22.8)
$—
$3.1
Marketing-related intangible assets – nonamortizable
266.3
—
(35.0)
231.4
Total
292.3
(22.8)
(35.0)
234.5
Customer-related intangible assets – amortizable
421.7
(176.4)
(17.5)
227.8
Other acquired intangible assets – amortizable
39.7
(34.3)
(0.3)
5.1
Other acquired intangible assets – nonamortizable
7.1
—
(1.2)
5.9
Total
46.8
(34.3)
(1.5)
11.0
Total other intangible assets, net
$760.8
$(233.5)
$(54.0)
$473.3
Other acquired intangible assets include contract-based and technology-based intangible assets.
The Company evaluates long-lived assets, including amortizable and indefinite-lived intangible assets, for impairment whenever events
or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates indefinite-lived intangible assets on
an annual basis. Factors indicating the carrying value of the Company’s amortizable intangible assets may not be recoverable were not
present in the six months ended March 29, 2025, and accordingly, no impairment testing was performed on these assets.
The Company amortizes its acquired intangible assets with definite lives over periods ranging from four years to 25 years; over
weighted average remaining lives of nine years for marketing-related intangibles, ten years for customer-related intangibles and seven years
for other acquired intangibles. Amortization expense for intangibles subject to amortization was approximately $6.6 million and $8.1 million for
the three months ended March 29, 2025 and March 30, 2024, respectively, and $14.0 million and $16.3 million for the six months ended
March 29, 2025 and March 30, 2024, respectively, and is classified within selling, general and administrative expenses in the condensed
consolidated statements of operations. Estimated annual amortization expense related to acquired intangible assets in each of the
succeeding five years is estimated to be approximately $25 million per year from fiscal 2025 through fiscal 2027 and $23 million per year from
fiscal 2028 through fiscal 2029.