Goodwill and Other Intangible Assets, Net

6 Months Ended

May 02, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

5 Goodwill and Other Intangible Assets, Net

Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first six months of fiscal 2025 were as follows:

(Dollars in millions)	Professional		Residential		Other		Total
Balance as of October 31, 2024	$	440.4	$	9.9	$	—	$	450.3
Translation adjustments	0.4		0.1		—		0.5
Balance as of May 2, 2025	$	440.8	$	10.0	$	—	$	450.8

Other Intangible Assets, Net

The components of other intangible assets, net as of May 2, 2025, May 3, 2024, and October 31, 2024 were as follows (dollars in millions):

May 2, 2025	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18.2	$	(17.1)	$	1.1
Customer-related	16.0	320.0		(138.2)		181.8
Developed technology	7.0	107.1		(78.0)		29.1
Trade names	13.7	10.8		(7.2)		3.6
Total finite-lived	13.6	456.1		(240.5)		215.6
Indefinite-lived - trade names		271.7		—		271.7
Total other intangible assets, net		$	727.8	$	(240.5)	$	487.3

May 3, 2024	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18.2	$	(16.4)	$	1.8
Customer-related	15.8	327.6		(118.7)		208.9
Developed technology	7.1	102.1		(67.9)		34.2
Trade names	13.7	10.7		(4.4)		6.3
Total finite-lived	13.6	458.6		(207.4)		251.2
Indefinite-lived - trade names		271.5		—		271.5
Total other intangible assets, net		$	730.1	$	(207.4)	$	522.7

October 31, 2024	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18.2	$	(16.7)	$	1.5
Customer-related	16.0	319.9		(128.0)		191.9
Developed technology	7.1	102.9		(72.9)		30.0
Trade names	13.7	10.7		(7.0)		3.7
Total finite-lived	13.7	451.7		(224.6)		227.1
Indefinite-lived - trade names		271.6		—		271.6
Total other intangible assets, net		$	723.3	$	(224.6)	$	498.7

Amortization expense for finite-lived intangibles assets for the three and six months ended May 2, 2025 was $7.7 million and $15.6 million, respectively. Amortization expense for finite-lived intangibles assets for the three and six months ended May 3, 2024 was $8.8 million and $17.5 million, respectively. As of May 2, 2025, estimated amortization expense for the remainder of fiscal 2025 and succeeding fiscal years is as follows:

(Dollars in millions)	May 2, 2025
2025 (remaining)	$	15.1
2026	29.7
2027	24.7
2028	22.1
2029	20.9
2030	19.7
Thereafter	83.4
Total estimated amortization expense	$	215.6