Other Intangible Assets and Goodwill

12 Months Ended

Oct. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets and Goodwill

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Oct 3, 2021		Sep 27, 2020
Trade names, trademarks and patents	$	96.4	$	95.0

Finite-Lived Intangible Assets

	Oct 3, 2021						Sep 27, 2020
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,141.5	$	(971.9)	$	169.6	$	1,116.1	$	(765.0)	$	351.1
Acquired trade secrets and processes	27.6		(24.8)		2.8		27.6		(22.0)		5.6
Trade names, trademarks and patents	126.3		(51.9)		74.4		124.8		(32.1)		92.7
Licensing agreements	18.8		(13.5)		5.3		16.6		(15.0)		1.6
Other finite-lived intangible assets	24.0		(22.6)		1.4		22.8		(16.7)		6.1
Total finite-lived intangible assets	$	1,338.2	$	(1,084.7)	$	253.5	$	1,307.9	$	(850.8)	$	457.1

Amortization expense for finite-lived intangible assets was $223.4 million, $223.7 million and $232.8 million during fiscal 2021, 2020 and 2019, respectively. During the fiscal year ended September 27, 2020, we recorded a charge of $22.1 million to restructuring and impairments on our consolidated statement of earnings as the analysis indicated the carrying value of one of the assets exceeded its fair value. Our fiscal 2021 analysis indicated excess fair values over carrying values for these assets, and therefore no impairment charge was recorded.

Estimated future amortization expense as of October 3, 2021 (in millions):

Fiscal Year Ending
2022	$	194.3
2023	21.0
2024	20.4
2025	14.4
2026	1.4
Thereafter	2.0
Total estimated future amortization expense	$	253.5

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America (1)		International (1)		Channel Development		Corporate and Other		Total
Goodwill balance at September 29, 2019	$	492.0	$	2,963.1	$	34.7	$	1.0	$	3,490.8
Other(2)	(0.2)		106.6		—		—		106.4
Goodwill balance at September 27, 2020	$	491.8	$	3,069.7	$	34.7	$	1.0	$	3,597.2
Other(2)	1.4		78.6		—		0.1		80.1
Goodwill balance at October 3, 2021	$	493.2	$	3,148.3	$	34.7	$	1.1	$	3,677.3

(1)North America and International goodwill as of September 27, 2020 and September 29, 2019, was restated to conform with current period presentation.

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

During the third quarter of fiscal 2021, 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.