XML 54 R38.htm IDEA: XBRL DOCUMENT v3.22.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jul. 03, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the Carrying Amount of Goodwill by Reporting Segment
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 
Schedule of Carrying Value and Accumulated Amortization for Intangible Assets
The carrying value and accumulated amortization of intangible assets are as follows:
July 3, 2022September 30, 2021
(in millions)Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Amortizable intangible assets:
Customer relationships$637.8 $(372.0)$265.8 $619.6 $(352.3)$267.3 
Technology assets75.3 (29.6)45.7 75.3 (25.8)49.5 
Tradenames158.2 (152.0)6.2 158.4 (141.9)16.5 
Total amortizable intangible assets871.3 (553.6)317.7 853.3 (520.0)333.3 
Indefinite-lived intangible assets – tradenames914.9 — 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 
Schedule of Future Amortization Expense 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 
202341.8 
202441.8 
202539.7 
202638.1