v3.25.0.1
Intangible Assets, net
3 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net INTANGIBLE ASSETS, NET
December 31, 2024September 30, 2024
Carrying
Amount
Accumulated
Amortization
Net
Amount
Carrying
Amount
Accumulated
Amortization
Net
Amount
Subject to amortization:
Customer relationships$2,621.3 $(1,114.5)$1,506.8 $2,633.3 $(1,084.1)$1,549.2 
Trademarks, brands and licensing agreements1,129.8 (361.8)768.0 888.3 (348.4)539.9 
3,751.1 (1,476.3)2,274.8 3,521.6 (1,432.5)2,089.1 
Not subject to amortization:
Trademarks and brands795.8 — 795.8 1,056.9 — 1,056.9 
$4,546.9 $(1,476.3)$3,070.6 $4,578.5 $(1,432.5)$3,146.0 
During the first quarter of fiscal 2025, the Company determined that one of its brands, which was classified as an indefinite-lived intangible asset, was no longer expected to contribute to cash flows indefinitely. As such, the intangible asset’s carrying value of $243.9 was reclassified as a definite-lived intangible asset and began amortizing on a straight-line basis over an estimated useful life of 20 years. Prior to the reclassification, the Company concluded there was no impairment of the indefinite-lived intangible asset.