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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill, by segment, consists of the following:
(in millions) |  |  |  | GPC |  | H&G |  | Total
As of September 30, 2024 |  |  |  | $ | 522.3 |  |  | $ | 342.6 |  |  | $ | 864.9 |
Foreign currency impact |  |  |  | (4.2) |  |  | — |  |  | (4.2) |
As of March 30, 2025 |  |  |  | $ | 518.1 |  |  | $ | 342.6 |  |  | $ | 860.7 |
The carrying value and accumulated amortization of intangible assets are as follows:
|  | March 30, 2025 |  | September 30, 2024
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 637.6 |  |  | $ | (466.8) |  |  | $ | 170.8 |  |  | $ | 641.8 |  |  | $ | (452.3) |  |  | $ | 189.5 |
Technology assets |  | 75.3 |  |  | (43.5) |  |  | 31.8 |  |  | 75.3 |  |  | (41.0) |  |  | 34.3 |
Tradenames |  | 27.9 |  |  | (11.8) |  |  | 16.1 |  |  | 27.9 |  |  | (10.9) |  |  | 17.0 |
Total amortizable intangible assets |  | 740.8 |  |  | (522.1) |  |  | 218.7 |  |  | 745.0 |  |  | (504.2) |  |  | 240.8 |
Indefinite-lived intangible assets – tradenames |  | 726.5 |  |  | — |  |  | 726.5 |  |  | 749.6 |  |  | — |  |  | 749.6 |
Total intangible assets |  | $ | 1,467.3 |  |  | $ | (522.1) |  |  | $ | 945.2 |  |  | $ | 1,494.6 |  |  | $ | (504.2) |  |  | $ | 990.4 |
During the three month period ended March 30, 2025, the Company and its HPC segment recognized a triggering event associated with its PowerXL® tradename attributable to declining sales expectations on products associated with the brand and a change in our direct to consumer strategy during the three month period resulting in an impairment charge of $15.7 million. Amortization expense on intangible assets for the three and six month periods ended March 30, 2025 and March 31, 2024 is as follows.
|  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | March 30, 2025 |  | March 31, 2024 |  | March 30, 2025 |  | March 31, 2024
Amortization expense |  | $ | 10.5 |  |  | $ | 11.1 |  |  | $ | 21.0 |  |  | $ | 22.2 |
Excluding the impact of any future acquisitions, dispositions or changes in foreign currency, the Company estimates amortization expense of intangible assets for the next five fiscal years will be as follows:
(in millions) |  | Amortization
2025 remaining |  | $ | 20.3 |
2026 |  | 39.7 |
2027 |  | 39.7 |
2028 |  | 38.0 |
2029 |  | 34.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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