Other Intangible Assets and Goodwill

12 Months Ended

Sep. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-Lived Intangible Assets


(in millions)	Sep 28, 2025		Sep 29, 2024
Trade names, trademarks, and patents	$	79.5	$	79.5

Finite-Lived Intangible Assets


	Sep 28, 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	$	1,053.9	$	(974.9)	$	79.0	$	995.5	$	(995.5)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks, and patents	131.2		(122.9)		8.3		130.4		(110.0)		20.4
Licensing agreements	13.0		(13.0)		—		13.4		(12.4)		1.0
Other finite-lived intangible assets	20.5		(20.5)		—		20.9		(20.9)		—
Total finite-lived intangible assets	$	1,246.2	$	(1,158.9)	$	87.3	$	1,187.8	$	(1,166.4)	$	21.4

Amortization expense for finite-lived intangible assets was $17.6 million, $20.4 million, and $21.5 million during fiscal 2025, 2024, and 2023, respectively.

Estimated future amortization expense as of September 28, 2025 (in millions):


Fiscal Year
2026	$	6.1
2027	5.9
2028	5.3
2029	4.9
2030	4.7
Thereafter	60.4
Total estimated future amortization expense	$	87.3

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 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
Acquisition(2)			105.7						105.7

Other (1)	(0.9)		(51.6)		—		—		(52.5)
Goodwill balance at September 28, 2025	$	490.6	$	2,842.6	$	34.7	$	1.0	$	3,368.9

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

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

During the fiscal year ended September 28, 2025, 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