MOOG INC.MOG-A

MOOG INC. Goodwill & Intangibles Disclosure

10-KFiled Nov 26, 20252 min read
Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are as follows:
Space and
Defense		Military AircraftCommercial AircraftIndustrialTotal
Balance at October 1, 2022$259,407 $106,907 $92,612 $346,394 $805,320 
Adjustments to prior year acquisitions— 122 — — 122 
Foreign currency translation68 4,247 — 11,544 15,859 
Balance at September 30, 2023259,475 111,276 92,612 357,938 821,301 
Acquisition— 2,760 — — 2,760 
Held for sale— — — (3,719)(3,719)
Foreign currency translation76 4,906 — 8,440 13,422 
Balance at September 28, 2024259,551 118,942 92,612 362,659 833,764 
Acquisition36,191 — — — 36,191 
Held for sale(33,000)— — — (33,000)
Foreign currency translation(2)(397)— 5,757 5,358 
Balance at September 27, 2025$262,740 $118,545 $92,612 $368,416 $842,313 
Goodwill in our Space and Defense segment is net of a $4,800 accumulated impairment loss at September 27, 2025 and September 28, 2024. Goodwill in our Medical Devices reporting unit, included in our Industrial segment, is net of a $38,200 accumulated impairment loss at September 27, 2025 and September 28, 2024.
The components of intangible assets are as follows:

September 27, 2025September 28, 2024
  
Weighted-
Average
Life (years)		Gross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Customer-related11$131,967 $(100,655)$130,092 $(96,307)
Technology-related977,172 (57,817)68,275 (56,236)
Program-related2339,799 (26,476)39,865 (24,887)
Marketing-related821,387 (19,320)22,141 (19,486)
Other31,376 (1,332)1,407 (1,385)
Intangible assets12$271,701 $(205,600)$261,780 $(198,301)
All acquired intangible assets other than goodwill are being amortized. Customer-related intangible assets primarily consist of customer relationships. Technology-related intangible assets primarily consist of technology, patents and intellectual property. Program-related intangible assets consist of long-term programs represented by current contracts and probable follow on work. Marketing-related intangible assets primarily consist of trademarks and trade names.
In 2024, we recorded charges of $2,345 related to restructuring actions in conjunction with exiting product lines within our Industrial and Military Aircraft segments, respectively, both of which included the write off of intangible assets. We have recorded these charges based on the expected cash flows over the remaining life of the assets and are included in Restructuring in the Consolidated Statements of Earnings. In 2023, we recorded $4,409 in impairment charges on long-lived assets in our Industrial and Commercial Aircraft segments. These charges relate to a decline in value with the associated business and the retirement of a trade name intangible and are included as asset impairment in the Consolidated Statements of Earnings.
Amortization of acquired intangible assets is as follows:
202520242023
Acquired intangible asset amortization$9,702 $10,131 $11,514 
Based on acquired intangible assets recorded at September 27, 2025, amortization is estimated to be approximately:
20262027202820292030
Estimated future amortization of acquired intangible assets$10,900 $9,900 $9,000 $7,400 $5,300 

Historical Timeline

Fiscal YearFiled
2025Nov 26, 2025Showing above
2024Nov 27, 2024
2023Nov 14, 2023
2022Nov 14, 2022
2021Nov 15, 2021
2020Nov 17, 2020
2019Nov 12, 2019
2018Nov 13, 2018
2017Nov 14, 2017
2016Nov 14, 2016
2015Nov 16, 2015

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.

Other Available Disclosures

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