v3.26.1
GOODWILL AND INTANGIBLE ASSETS
9 Months Ended
Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill, by segment, consists of the following.
(in millions)GPCH&GTotal
As of September 30, 2025$524.2 $342.6 $866.8 
Foreign currency impact(2.9)— (2.9)
As of June 28, 2026$521.3 $342.6 $863.9 
The carrying value and accumulated amortization of intangible assets are as follows.
June 28, 2026September 30, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Amortizable intangible assets:
Customer relationships$610.6 $(480.4)$130.2 $621.3 $(465.9)$155.4 
Technology assets75.3 (49.8)25.5 75.3 (46.1)29.2 
Tradenames44.4 (15.2)29.2 44.4 (12.9)31.5 
Total amortizable intangible assets730.3 (545.4)184.9 741.0 (524.9)216.1 
Indefinite-lived intangible assets – tradenames612.2 — 612.2 721.5 — 721.5 
Total intangible assets$1,342.5 $(545.4)$797.1 $1,462.5 $(524.9)$937.6 
During the three month period ended June 28, 2026, the Company and its HPC segment realized a triggering event in relation to the implied enterprise value of the HPC business associated with the noncontrolling interest recognized as part of the HPC Transaction, impacting market related inputs and assumptions used in assessing the value for indefinite lived intangible assets held by the HPC business unit. As a result, we recognized an impairment charge of $104.0 million for the three and nine month periods ended June 28, 2026 on related indefinite lived intangible assets.
Amortization expense on intangible assets for the three and nine month periods ended June 28, 2026 and June 29, 2025 is as follows.
Three Month Periods EndedNine Month Periods Ended
(in millions)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Amortization expense$10.3 $10.5 $30.8 $31.5 
Excluding the impact of any future acquisitions, dispositions or changes in foreign currency, the Company estimates amortization expense of intangible assets for the next five fiscal years will be as follows.
(in millions)Amortization
2026 remaining$10.2 
202741.0 
202839.2 
202936.0 
203015.6