Other Intangible Assets and Goodwill

12 Months Ended

Oct. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets and Goodwill

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Oct 1, 2023		Oct 2, 2022
Trade names, trademarks and patents	$	79.4	$	97.5

Finite-Lived Intangible Assets

	Oct 1, 2023						Oct 2, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	957.6	$	(957.6)	$	—	$	990.0	$	(990.0)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.3)		0.3
Trade names, trademarks and patents	131.0		(91.9)		39.1		124.6		(69.6)		55.0
Licensing agreements	13.0		(11.0)		2.0		19.3		(16.2)		3.1
Other finite-lived intangible assets	20.1		(20.1)		—		20.6		(20.6)		—
Total finite-lived intangible assets	$	1,149.3	$	(1,108.2)	$	41.1	$	1,182.1	$	(1,123.7)	$	58.4

Amortization expense for finite-lived intangible assets was $21.5 million, $192.7 million and $223.4 million during fiscal 2023, 2022 and 2021, respectively.

Estimated future amortization expense as of October 1, 2023 (in millions):

Fiscal Year Ending
2024	$	19.8
2025	14.0
2026	2.1
2027	1.8
2028	1.2
Thereafter	2.2
Total estimated future amortization expense	$	41.1

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 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
Other (1)	0.4		(65.6)		—		—		(65.2)
Goodwill balance at October 1, 2023	$	491.5	$	2,691.1	$	34.7	$	1.0	$	3,218.3

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

During the fiscal year ended October 1, 2023, 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.