XML 23 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Intangible Assets
 3 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table sets forth goodwill by segment:
Wet
Shave		Sun and Skin
Care		Feminine
Care		Total
Gross balance as of October 1, 2022$1,133.5 $354.5 $205.2 $1,693.2 
Accumulated goodwill impairment(369.0)(2.0)— (371.0)
Net balance as of October 1, 2022$764.5 $352.5 $205.2 $1,322.2 
Changes in the nine months ended June 30, 2023
Cumulative translation adjustment10.1 2.0 1.8 13.9 
Gross balance as of June 30, 2023
$1,143.6 $356.5 $207.0 $1,707.1 
Accumulated goodwill impairment(369.0)(2.0)— (371.0)
Net balance as of June 30, 2023
$774.6 $354.5 $207.0 $1,336.1 
The following table sets forth intangible assets by class:
June 30, 2023September 30, 2022
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Accumulated
Amortization		Net
Indefinite lived
Trade names and brands$595.4 $— $595.4 $587.1 $— $587.1 
Amortizable
Trade names and brands$339.7 $84.3 $255.4 $339.4 $72.2 $267.2 
Technology and patents78.6 76.1 2.5 77.8 75.0 2.8 
Customer related and other271.2 140.8 130.4 267.1 127.5 139.6 
Amortizable intangible assets689.5 301.2 388.3 684.3 274.7 409.5 
Total intangible assets$1,284.9 $301.2 $983.7 $1,271.4 $274.7 $996.6 
Amortization expense was $7.8 and $23.2 for the three and nine months ended June 30, 2023, respectively, and $7.8 and $21.8 for the three and nine months ended June 30, 2022, respectively. Estimated amortization expense for amortizable intangible assets for the remainder of fiscal 2023 and for fiscal 2024, 2025, 2026, 2027 and 2028 is $7.7, $30.8, $30.7, $30.5, $30.5 and $30.4, respectively, and $227.7 thereafter.
Goodwill and intangible assets deemed to have an indefinite life are not amortized but are instead reviewed annually for impairment or when indicators of a potential impairment are present. The Company’s annual impairment testing date is July 1. An interim impairment analysis may indicate that carrying amounts of goodwill and other intangible assets require adjustment or that remaining useful lives should be revised. The Company determined there was no triggering event requiring an interim impairment analysis during the nine months ended June 30, 2023.