XML 58 R34.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Intangible Assets (Tables)
12 Months Ended
Sep. 27, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Activity of Goodwill by Reportable Operating Segment
The following table reflects the activity of goodwill by reportable operating segment:
(In millions)
 
Oncology
Systems
 
Proton Solutions
 
Other
 
Total
Balance at September 29, 2017
 
$
170.2

 
$
52.4

 
$

 
$
222.6

Business combinations
 
72.1

 

 

 
72.1

Foreign currency translation adjustments
 
(0.2
)
 
(0.9
)
 

 
(1.1
)
Balance at September 28, 2018
 
242.1

 
51.5

 

 
293.6

Business combinations
 
208.0

 

 
164.3

 
372.3

Impairment charges
 

 
(50.5
)
 

 
(50.5
)
Measurement period adjustment to a business combination in prior year
 
(2.2
)
 

 

 
(2.2
)
Foreign currency translation adjustments
 

 
(1.0
)
 

 
(1.0
)
Balance at September 27, 2019
 
$
447.9

 
$

 
$
164.3

 
$
612.2


Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets
The following table reflects the gross carrying amount and accumulated amortization of the Company’s intangible assets, net:
 
 
September 27, 2019
 
September 28, 2018
(In millions)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Technologies and patents
 
$
226.4

 
$
(85.9
)
 
$
140.5

 
$
136.2

 
$
(72.6
)
 
$
63.6

Customer contracts, supplier relationships and partner relationships
 
121.1

 
(25.7
)
 
95.4

 
44.9

 
(19.1
)
 
25.8

Trade names
 
55.1

 
(3.0
)
 
52.1

 
3.4

 
(1.3
)
 
2.1

Other
 
6.1

 
(6.1
)
 

 
6.6

 
(5.8
)
 
0.8

Total intangible with finite lives
 
408.7

 
(120.7
)
 
288.0

 
191.1

 
(98.8
)
 
92.3

In-process R&D with indefinite lives
 
12.7

 

 
12.7

 
8.8

 

 
8.8

Total intangible assets
 
$
421.4

 
$
(120.7
)
 
$
300.7

 
$
199.9

 
$
(98.8
)
 
$
101.1


Carrying Amount of Indefinite-Lived Intangible Assets
The following table reflects the gross carrying amount and accumulated amortization of the Company’s intangible assets, net:
 
 
September 27, 2019
 
September 28, 2018
(In millions)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Technologies and patents
 
$
226.4

 
$
(85.9
)
 
$
140.5

 
$
136.2

 
$
(72.6
)
 
$
63.6

Customer contracts, supplier relationships and partner relationships
 
121.1

 
(25.7
)
 
95.4

 
44.9

 
(19.1
)
 
25.8

Trade names
 
55.1

 
(3.0
)
 
52.1

 
3.4

 
(1.3
)
 
2.1

Other
 
6.1

 
(6.1
)
 

 
6.6

 
(5.8
)
 
0.8

Total intangible with finite lives
 
408.7

 
(120.7
)
 
288.0

 
191.1

 
(98.8
)
 
92.3

In-process R&D with indefinite lives
 
12.7

 

 
12.7

 
8.8

 

 
8.8

Total intangible assets
 
$
421.4

 
$
(120.7
)
 
$
300.7

 
$
199.9

 
$
(98.8
)
 
$
101.1


Future Amortization of Intangible Assets
As of September 27, 2019, the Company estimates that its remaining amortization expense for intangible assets with finite lives will be as follows (in millions):
Fiscal Years
 
Total
2020
 
$
37.0

2021
 
35.6

2022
 
33.5

2023
 
32.7

2024
 
25.7

Thereafter
 
123.5

Total remaining amortization
 
$
288.0