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Goodwill and Indefinite-Lived Intangible Assets
 12 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Indefinite-Lived Intangible Assets Goodwill and Intangible Assets
Goodwill

As discussed in Note 14. Segment Reporting, we operate in three reportable business segments. Goodwill impairment testing is performed at the reporting unit level. Goodwill is assigned to reporting units at the date the goodwill is initially recorded and is reallocated as necessary based on the composition of reporting units over time. Once goodwill is assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or organically grown, are available to support the value of the goodwill.

The following summarizes goodwill activity by reportable segment:
(In millions)Patient Support SystemsFront Line CareSurgical Solutions Total
Balances as of September 30, 2019
Goodwill$640.5 $1,424.7 $208.5 $2,273.7 
Accumulated impairment losses(472.8)— — (472.8)
Goodwill, net as of September 30, 2019167.7 1,424.7 208.5 1,800.9 
Changes in Goodwill in the period:
Goodwill related to acquisitions10.6 4.4 10.0 25.0 
Currency translation effect2.4 3.5 3.7 9.6 
Balances as of September 30, 2020
Goodwill653.5 1,432.6 222.2 2,308.3 
Accumulated impairment losses(472.8)— — (472.8)
Goodwill, net as of September 30, 2020180.7 1,432.6 222.2 1,835.5 
Changes in Goodwill in the period:    
Goodwill related to acquisitions (0.6)383.8 0.1 383.3 
Currency translation effect(0.8)3.9 (0.2)2.9 
Balances as of September 30, 2021    
Goodwill652.1 1,820.3 222.1 2,694.5 
Accumulated impairment losses(472.8)— — (472.8)
Goodwill, net as of September 30, 2021$179.3 $1,820.3 $222.1 $2,221.7 

Testing for goodwill is performed annually, or on an interim basis upon the occurrence of a triggering event or change in circumstances that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The annual evaluation of goodwill for impairment was performed as of April 30, 2021 and did not result in any impairment.
The below table summarizes our changes in goodwill related to the acquisitions that occurred during fiscal years ended September 30, 2021, 2020 and 2019. Refer to Note 3. Business Combinations for further information regarding these acquisitions.
 Company Name

Voalte		.
Breathe
Excel Medical
Connecta		Videomed

Bardy
Date of AcquisitionApril 1,
2019		September 3, 2019January 10, 2020May 18,
2020		July 21,
 2020		August 6, 2021
Segment assigned GoodwillPatient Support Systems Front Line CarePatient Support SystemsFront Line CareSurgical SolutionFront Line Care
Percentage of Goodwill assigned to segment100%100%100%100%100%100%

For the fiscal year ended September 30, 2019, we completed a disposition to sell certain of our surgical consumable products and related assets. All goodwill associated with this disposition was included in our Surgical Solutions segment. Refer to Note 3. Business Combinations for further information.
Intangible Assets

Intangible assets are stated at cost and consist predominantly of software, patents, acquired technology, trademarks, trade names and acquired customer relationship assets. With the exception of certain indefinite-lived trade names, our intangible assets are amortized on a straight-line basis over periods generally ranging from 1 to 20 years and our capitalized software costs are amortized on a straight-line basis over periods ranging from 3 to 10 years.

Many of our intangible assets are not deductible for income tax purposes. A summary of intangible assets and the related accumulated amortization follows:
(In millions)September 30
 20212020
CostAccumulated AmortizationCostAccumulated Amortization
Customer relationships$638.1 $416.9 $633.2 $358.7 
Trademarks and trade names50.0 32.5 45.3 25.7 
Developed technology297.8 153.3 287.9 116.5 
Software 1
Software for internal use
161.3 127.6 159.3 119.2 
Software to be sold 73.8 33.3 55.1 29.5 
Other 2
86.0 25.5 25.8 17.7 
Total definite-lived$1,307.0 $789.1 $1,206.6 $667.3 
Indefinite-lived 3
437.4 — 437.4 — 
Total identifiable intangible assets$1,744.4 $789.1 $1,644.0 $667.3 
1 Software consists mainly of capitalized costs associated with internal use software, including applicable costs associated with the implementation and upgrade of our enterprise resource planning systems. In addition, software includes capitalized development costs for software products to be sold. Software amortization expense was $14.4 million, $9.2 million and $10.3 million for the fiscal years ended September 30, 2021, 2020 and 2019 and was primarily included in Selling and administrative expenses.
2 Other intangible assets primarily comprised of patents, non-competition agreements and intellectual property rights.
3 Indefinite-lived intangible assets represent primarily the Welch Allyn trade name with a carrying value of $434.0 million as of September 30, 2021 and 2020.

Testing for indefinite-lived intangible asset impairment is performed annually, or on an interim basis upon the occurrence of a triggering event or change in circumstances that would more likely than not reduce the fair value of the indefinite-lived intangible asset below its carrying amount. The annual evaluation of indefinite-lived intangible assets was performed as of April 30, 2021 and did not result in any impairment.
Amortization expense for definite-lived intangible assets for the fiscal years ended September 30, 2021, 2020 and 2019 was $123.0 million, $118.2 million and $132.7 million. Amortization expense for definite-lived intangible assets is expected to approximate the following for each of the next five fiscal years and thereafter:
(In millions)Amount
2022$120.7 
2023100.9 
202485.6 
202566.7 
202654.8 
2027 and beyond89.2