Other Intangible Assets and Goodwill

6 Months Ended

Mar. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Other Intangible Assets and Goodwill

Refer to Note 1, Summary of Significant Accounting Policies, for impairment considerations during the quarter ended March 29, 2020 due to COVID-19.

Indefinite-lived intangible assets

(in millions)	Mar 29, 2020		Sep 29, 2019
Trade names, trademarks and patents	$	204.2	$	203.4

Finite-lived intangible assets

	Mar 29, 2020						Sep 29, 2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,076.9	$	(637.2)	$	439.7	$	1,075.0	$	(537.2)	$	537.8
Acquired trade secrets and processes	27.6		(20.6)		7.0		27.6		(19.2)		8.4
Trade names, trademarks and patents	41.3		(24.5)		16.8		40.6		(22.9)		17.7
Licensing agreements	15.9		(13.2)		2.7		16.2		(12.2)		4.0
Other finite-lived intangible assets	22.2		(13.9)		8.3		22.0		(11.5)		10.5
Total finite-lived intangible assets	$	1,183.9	$	(709.4)	$	474.5	$	1,181.4	$	(603.0)	$	578.4

Amortization expense for finite-lived intangible assets was $54.5 million and $108.6 million for the quarter and two quarters ended March 29, 2020 and $68.7 million and $123.1 million for the quarter and two quarters ended March 31, 2019, respectively.

Estimated future amortization expense as of March 29, 2020 (in millions):

Fiscal Year Ending	Total
2020 (excluding the two quarters ended March 29, 2020)	$	107.6
2021	195.7
2022	161.4
2023	2.8
2024	2.2
Thereafter	4.8
Total estimated future amortization expense	$	474.5

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	Americas		International		Channel Development		Corporate and Other		Total
Goodwill balance at September 29, 2019	$	496.7	$	2,958.4	$	34.7	$	1.0	$	3,490.8
Other(1)	(1.5)		3.7		—		—		2.2
Goodwill balance at March 29, 2020	$	495.2	$	2,962.1	$	34.7	$	1.0	$	3,493.0

⁽¹⁾“Other” consists of changes in the goodwill balance resulting from foreign currency translation.