Goodwill And Intangible Assets

3 Months Ended

Jan. 02, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

7.    GOODWILL AND INTANGIBLE ASSETS

There were no changes to the carrying amount of goodwill during the three months ended January 2, 2026.

The Company tests its goodwill and its indefinite-lived intangible assets for impairment annually as of the first day of its fourth fiscal quarter and in interim periods if certain events occur indicating the carrying value may be impaired. There were no indicators of goodwill and in-process research and development (“IPR&D”) impairment noted during the three months ended January 2, 2026 and December 27, 2024, respectively.

Intangible assets consist of the following (in millions):

		As of
	Weighted Average Amortization Period (Years)	January 2, 2026						October 3, 2025
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology and other	6.4	$	1,396.5	$	(716.4)	$	680.1	$	1,396.5	$	(678.5)	$	718.0
Technology licenses	3.2	106.6		(25.0)		81.6		167.0		(78.8)		88.2
In-process research and development		2.8		—		2.8		2.8		—		2.8
Total intangible assets		$	1,505.9	$	(741.4)	$	764.5	$	1,566.3	$	(757.3)	$	809.0

Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. Amortization expense related to definite-lived intangible assets was $44.5 million and $48.4 million for the three months ended January 2, 2026 and December 27, 2024, respectively, primarily recorded within cost of goods sold.

Annual amortization expense for the next five fiscal years related to definite-lived intangible assets, excluding IPR&D, is expected to be as follows (in millions):

	Remaining 2026		2027		2028		2029		2030		Thereafter
Amortization expense	$	128.7	$	159.2	$	124.6	$	91.0	$	83.2	$	175.0