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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Jul. 03, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill consists of the following:
(in millions) |  | HPC |  | GPC |  | H&G |  | Total
As of September 30, 2021 |  | $ | — |  |  | $ | 524.6 |  |  | $ | 342.6 |  |  | $ | 867.2 |
Tristar Business acquisition (Note 3) |  | 104.7 |  |  | — |  |  | — |  |  | 104.7 |
Foreign currency impact |  | — |  |  | (12.6) |  |  | — |  |  | (12.6) |
As of July 3, 2022 |  | $ | 104.7 |  |  | $ | 512.0 |  |  | $ | 342.6 |  |  | $ | 959.3 |
The carrying value and accumulated amortization of intangible assets are as follows:
|  | July 3, 2022 |  | September 30, 2021
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 637.8 |  |  | $ | (372.0) |  |  | $ | 265.8 |  |  | $ | 619.6 |  |  | $ | (352.3) |  |  | $ | 267.3 |
Technology assets |  | 75.3 |  |  | (29.6) |  |  | 45.7 |  |  | 75.3 |  |  | (25.8) |  |  | 49.5 |
Tradenames |  | 158.2 |  |  | (152.0) |  |  | 6.2 |  |  | 158.4 |  |  | (141.9) |  |  | 16.5 |
Total amortizable intangible assets |  | 871.3 |  |  | (553.6) |  |  | 317.7 |  |  | 853.3 |  |  | (520.0) |  |  | 333.3 |
Indefinite-lived intangible assets – tradenames |  | 914.9 |  |  | — |  |  | 914.9 |  |  | 870.8 |  |  | — |  |  | 870.8 |
Total Intangible Assets |  | $ | 1,786.2 |  |  | $ | (553.6) |  |  | $ | 1,232.6 |  |  | $ | 1,724.1 |  |  | $ | (520.0) |  |  | $ | 1,204.1 |
There were no triggering events or impairments of goodwill and intangible assets identified during the three and nine month periods ended July 3, 2022. Amortization expense from the intangible assets for the three month periods ended July 3, 2022 and July 4, 2021 was $13.1 million and $17.4 million, respectively, and for the nine month periods ended July 3, 2022 and July 4, 2021 was $39.9 million and $48.2 million, respectively. Excluding the impact of any future acquisitions, dispositions or changes in foreign currency, the Company estimates annual amortization expense of intangible assets for the next five fiscal years will be as follows:
(in millions) |  | Amortization
2022 |  | $ | 49.8 |
2023 |  | 41.8 |
2024 |  | 41.8 |
2025 |  | 39.7 |
2026 |  | 38.1 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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