Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 238

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 8
Chunk 238
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.9)(8.7)(3.5)Balance at end of year$23.4 $21.4 $16.8 Maintenance and Repair Supplies and Tooling.  Maintenance and repair supplies and tooling is included in Other current assets and Other noncurrent assets.  Costs for perishable tools and maintenance items are expensed when put into service.  Costs for more durable items are amortized over their estimated useful lives, ranging from 3 to 10 years. Property, Plant and Equipment, net.  Property, plant and equipment is recorded at cost, less accumulated depreciation.  Depreciation is recorded using the straight-line method over the estimated useful lives of the assets once the asset is ready for its intended use and placed in service.  Estimated useful lives are 10 to 20 years for land improvements, 10 to 40 years for buildings and 3 to 20 years for machinery and equipment.  Leasehold improvements and capitalized leases are depreciated using the straight-line method over the lesser of the useful life of the asset or the remaining lease term.  Gains and losses upon disposition are reflected in operating results in the period of disposition.Direct internal and external costs to implement computer systems and software for internal use are capitalized.  Capitalized costs are depreciated over the estimated useful life of the system or software, generally six years, beginning when the system or software is ready for its intended use.

F- 11

Table of ContentsIndex to Financial Statements

Liabilities are recognized at fair value for asset retirement obligations related to plant and landfill closures in the period in which they are reasonably estimable and the carrying amounts of the related long-lived assets are correspondingly adjusted.  Over time, the liabilities are accreted to their estimated future values.  As of September 30, 2025, and 2024, asset retirement obligations, which are included in Other current liabilities and Other noncurrent liabilities, were $4.8 million and $4.2 million, respectively.Leases.  Refer to Note 4. for information regarding our leases. Goodwill and Intangible Assets.  We test goodwill and indefinite-lived intangible assets for impairment annually or more frequently if events or circumstances indicate impairment is possible.  We perform our annual impairment testing as of September 1.  Refer to Note 5. for information regarding our goodwill and indefinite-lived intangible asset impairment testing. Impairment of Long-Lived Assets. Long-lived assets, such as property and equipment