Goodwill and Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment

Goodwill, by segment, consists of the following:


(in millions)	HHI		GPC		H&G		HPC		Total
As of September 30, 2018	$	704.3	$	435.9	$	196.5	$	118.0	$	1,454.7
Foreign currency impact	(2.2)		(5.5)		—		(2.0)		(9.7)
Impairment	—		—		—		(116.0)		(116.0)
Deferred tax impact	—		—		(0.9)		—		(0.9)
As of September 30, 2019	$	702.1	$	430.4	$	195.6	$	—	$	1,328.1
Foreign currency impact	2.7		3.2		—		—		5.9
Omega Sea acquisition (Note 4)	—		8.6		—		—		8.6
Allocated to Assets Held for Sale - Coevorden Operations (Note 3)	—		(10.6)		—		—		(10.6)
As of September 30, 2020	$	704.8	$	431.6	$	195.6	$	—	$	1,332.0

Schedule of Carrying Value and Accumulated Amortization for Intangible Assets

The carrying value of indefinite lived intangible and definite lived intangible assets subject to amortization and accumulated amortization are as follows:


	2020						2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable Intangible Assets
Customer relationships	$	692.1	$	(367.9)	$	324.2	$	694.9	$	(329.7)	$	365.2
Technology assets	175.7		(104.1)		71.6		179.4		(90.9)		88.5
Tradenames	161.0		(132.6)		28.4		160.4		(118.1)		42.3
Total Amortizable Intangible Assets	1,028.8		(604.6)		424.2		1,034.7		(538.7)		496.0
Indefinite-lived Intangible Assets - Tradenames	1,007.5		—		1,007.5		1,011.1		—		1,011.1
Total Intangible Assets	$	2,036.3	$	(604.6)	$	1,431.7	$	2,045.8	$	(538.7)	$	1,507.1

Schedule of Future Amortization Expense

Excluding the impact of any future acquisitions or changes in foreign currency, the Company anticipates the annual amortization expense of intangible assets for the next five fiscal years will be as follows:


(in millions)	Amortization
2021	$	74.9
2022	54.5
2023	44.4
2024	44.4
2025	42.3