Other Intangible Assets and Goodwill

9 Months Ended

Jun. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Jun 29, 2025		Sep 29, 2024
Trade names, trademarks and patents	$	79.5	$	79.5

Finite-Lived Intangible Assets

	Jun 29, 2025						Sep 29, 2024
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,065.9	$	(983.8)	$	82.1	$	995.5	$	(995.5)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks and patents	130.2		(122.4)		7.8		130.4		(110.0)		20.4
Licensing agreements	13.5		(13.2)		0.3		13.4		(12.4)		1.0
Other finite-lived intangible assets	20.5		(20.5)		—		20.9		(20.9)		—
Total finite-lived intangible assets	$	1,257.7	$	(1,167.5)	$	90.2	$	1,187.8	$	(1,166.4)	$	21.4

Amortization expense for finite-lived intangible assets was $4.4 million and $15.8 million for the quarter and three quarters ended June 29, 2025, respectively, and $5.1 million and $15.3 million for the quarter and three quarters ended June 30, 2024, respectively.

Estimated future amortization expense as of June 29, 2025 (in millions):

Fiscal Year	Total
2025 (excluding the three quarters ended June 29, 2025)	$	1.8
2026	6.2
2027	5.9
2028	5.3
2029	4.9
Thereafter	66.1
Total estimated future amortization expense	$	90.2

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 September 29, 2024	$	491.5	$	2,788.5	$	34.7	$	1.0	$	3,315.7
Acquisition(1)	—		106.2		—		—		106.2
Other(2)	(0.4)		(36.7)		—		—		(37.1)
Goodwill balance at June 29, 2025	$	491.1	$	2,858.0	$	34.7	$	1.0	$	3,384.8

(1)Additions to goodwill include the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.

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