Other Intangible Assets and Goodwill

12 Months Ended

Oct. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets and Goodwill

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Oct 2, 2022		Oct 3, 2021
Trade names, trademarks and patents	$	97.5	$	96.4

Finite-Lived Intangible Assets

	Oct 2, 2022						Oct 3, 2021
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	990.0	$	(990.0)	$	—	$	1,141.5	$	(971.9)	$	169.6
Acquired trade secrets and processes	27.6		(27.3)		0.3		27.6		(24.8)		2.8
Trade names, trademarks and patents	124.6		(69.6)		55.0		126.3		(51.9)		74.4
Licensing agreements	19.3		(16.2)		3.1		18.8		(13.5)		5.3
Other finite-lived intangible assets	20.6		(20.6)		—		24.0		(22.6)		1.4
Total finite-lived intangible assets	$	1,182.1	$	(1,123.7)	$	58.4	$	1,338.2	$	(1,084.7)	$	253.5

Amortization expense for finite-lived intangible assets was $192.7 million, $223.4 million and $223.7 million during fiscal 2022, 2021 and 2020, respectively. Our fiscal 2022 and 2021 analyses indicated excess fair values over carrying values for these assets, and therefore no impairment charge was recorded during these years. 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.

Estimated future amortization expense as of October 2, 2022 (in millions):

Fiscal Year Ending
2023	$	20.5
2024	19.9
2025	13.9
2026	1.3
2027	1.0
Thereafter	1.8
Total estimated future amortization expense	$	58.4

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 September 27, 2020	$	491.8	$	3,069.7	$	34.7	$	1.0	$	3,597.2
Other (1)	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
Other (1)	(2.1)		(391.6)		—		(0.1)		(393.8)
Goodwill balance at October 2, 2022	$	491.1	$	2,756.7	$	34.7	$	1.0	$	3,283.5

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

During the fiscal year ended October 2, 2022, 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.