Goodwill and Intangible Assets

3 Months Ended

Dec. 26, 2014

Goodwill and Intangible Assets Disclosure [Abstract]



10.	Goodwill and Intangible Assets

The gross carrying amount and accumulated impairment of goodwill by segment at the end of each period were as follows:



	December 26, 2014					September 26, 2014
	Gross Carrying Amount		Accumulated Impairment			Gross Carrying Amount		Accumulated Impairment
Specialty Brands	$	2,206.7	$	—		$	2,194.9	$	—
Specialty Generics	207.0		—			207.0		—
Global Medical Imaging	219.7		(219.7		)	219.7		(219.7		)
Total	$	2,633.4	$	(219.7	)	$	2,621.6	$	(219.7	)

The gross carrying amount and accumulated amortization of intangible assets at the end of each period were as follows:



	December 26, 2014				September 26, 2014
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable:
Completed technology	$	7,040.1	$	459.1	$	7,040.1	$	339.7
Licenses	185.1		90.4		185.1		87.3
Customer relationships	32.2		1.7		33.8		0.6
Trademarks	12.8		4.3		13.0		4.1
Other	6.7		6.7		6.7		5.0
Total	$	7,276.9	$	562.2	$	7,278.7	$	436.7
Non-Amortizable:
Trademarks	$	35.0			$	35.0
In-process research and development	235.2				235.2
Total	$	270.2			$	270.2

Intangible asset amortization expense was $125.5 million and $8.8 million during the three months ended December 26, 2014 and December 27, 2013, respectively. The estimated aggregate amortization expense on intangible assets owned by the Company is expected to be as follows:




Remainder of fiscal 2015	$	371.1
Fiscal 2016	494.5
Fiscal 2017	492.6
Fiscal 2018	483.6
Fiscal 2019	483.2

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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