Other Intangible Assets and Goodwill

12 Months Ended

Sep. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets and Goodwill

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Sep 29, 2024		Oct 1, 2023
Trade names, trademarks, and patents	$	79.5	$	79.4

Finite-Lived Intangible Assets

	Sep 29, 2024						Oct 1, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	995.5	$	(995.5)	$	—	$	957.6	$	(957.6)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks, and patents	130.4		(110.0)		20.4		131.0		(91.9)		39.1
Licensing agreements	13.4		(12.4)		1.0		13.0		(11.0)		2.0
Other finite-lived intangible assets	20.9		(20.9)		—		20.1		(20.1)		—
Total finite-lived intangible assets	$	1,187.8	$	(1,166.4)	$	21.4	$	1,149.3	$	(1,108.2)	$	41.1

Amortization expense for finite-lived intangible assets was $20.4 million, $21.5 million, and $192.7 million during fiscal 2024, 2023, and 2022, respectively.

Estimated future amortization expense as of September 29, 2024 (in millions):

Fiscal Year Ending
2025	$	14.0
2026	2.1
2027	1.8
2028	1.2
2029	0.8
Thereafter	1.5
Total estimated future amortization expense	$	21.4

Goodwill

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

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 2, 2022	$	491.1	$	2,756.7	$	34.7	$	1.0	$	3,283.5
Other (1)	0.4		(65.6)		—		—		(65.2)
Goodwill balance at October 1, 2023	$	491.5	$	2,691.1	$	34.7	$	1.0	$	3,218.3
Other (1)	—		97.4		—		—		97.4
Goodwill balance at September 29, 2024	$	491.5	$	2,788.5	$	34.7	$	1.0	$	3,315.7

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

During the fiscal year ended September 29, 2024, we completed our annual goodwill impairment analysis. The results of our analysis indicated significant excess fair values over carrying values across the different reporting units, and therefore no goodwill impairment was recorded.