COOPER COMPANIES, INC. Goodwill & Intangibles Disclosure
| (In millions) | CooperVision | CooperSurgical | Total | ||||||||||||||
Balance at October 31, 2024 | $ | 1,797.8 | $ | 2,040.6 | $ | 3,838.4 | |||||||||||
| Foreign currency translation adjustment | 12.2 | 2.8 | 15.0 | ||||||||||||||
Balance at October 31, 2025 | $ | 1,810.0 | $ | 2,043.4 | $ | 3,853.4 | |||||||||||
October 31, 2025 | October 31, 2024 | ||||||||||||||||||||||||||||
| (In millions) | Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | Weighted-average Amortization Period (in years) | ||||||||||||||||||||||||
| Intangible assets with definite lives: | |||||||||||||||||||||||||||||
| Customer relationships | $ | 1,137.6 | $ | 469.3 | $ | 1,130.5 | $ | 402.5 | 19 | ||||||||||||||||||||
Composite intangible assets (1) | 1,101.7 | 570.7 | 1,101.6 | 496.8 | 15 | ||||||||||||||||||||||||
| Technology | 683.4 | 415.3 | 706.4 | 384.3 | 11 | ||||||||||||||||||||||||
| Trademarks | 202.5 | 102.3 | 204.2 | 90.6 | 15 | ||||||||||||||||||||||||
| License and distribution rights and other | 44.5 | 26.9 | 47.9 | 27.2 | 11 | ||||||||||||||||||||||||
| 3,169.7 | $ | 1,584.5 | 3,190.6 | $ | 1,401.4 | 16 | |||||||||||||||||||||||
| Less: accumulated amortization and translation | 1,584.5 | 1,401.4 | |||||||||||||||||||||||||||
| Intangible assets with definite lives, net | $ | 1,585.2 | $ | 1,789.2 | |||||||||||||||||||||||||
Intangible assets with indefinite lives, net (2) | 1.1 | 1.8 | |||||||||||||||||||||||||||
| Total other intangibles, net | $ | 1,586.3 | $ | 1,791.0 | |||||||||||||||||||||||||
| Fiscal years: | (In millions) | ||||
| 2026 | $ | 188.9 | |||
| 2027 | 174.4 | ||||
| 2028 | 169.8 | ||||
| 2029 | 165.6 | ||||
| 2030 | 161.4 | ||||
| Thereafter | 725.1 | ||||
| Total remaining amortization for intangible assets with definite lives | $ | 1,585.2 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 5, 2025 | Showing above |
| 2021 | Dec 10, 2021 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.