Company: MWA
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001350593-25-000043
Chunk: 69

Company: Mueller Water Products, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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.6 Restructuring liabilities1.8 3.4 Interest payable0.8 5.3 Other current liabilities6.9 16.5 Total other current liabilities$123.2 $147.3 Other noncurrent liabilities:Operating lease liabilities$22.2 $22.5 Warranty accrual8.1 10.3 Transition tax liability— 1.7 Uncertain tax position liability3.6 3.0 NMTC liability3.9 3.9 Workers' compensation accrual5.8 5.8 Asset retirement obligation4.2 4.2 Deferred revenue5.5 5.7 Deferred development grant2.0 2.5 Other noncurrent liabilities3.6 4.1 Total other noncurrent liabilities$58.9 $63.7 GoodwillGoodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis on September 1 of each fiscal year or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.The following table summarizes information concerning our goodwill, all of which is within our Water Management Solutions segment, during the nine months ended June 30, 2025, in millions: Balance at September 30, 2024:Goodwill$821.1 Accumulated impairment(740.4)Goodwill, net80.7 Activity during the nine months ended June 30, 2025:Change in foreign currency exchange rates6.9 Balance at June 30, 2025$87.6 

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Note 8.   Segment Information 

We have two reportable segments, Water Flow Solutions and Water Management Solutions.  Water Flow Solutions’ portfolio includes iron gate valves, specialty valves and service brass products.  Water Management Solutions’ portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, as well as pressure management and control products and solutions.  Summarized financial information for our segments is presented below:Three months endedNine months endedJune 30,June 30,2025202420252024 (in millions)Net revenue, excluding intercompany:Water Flow Solutions$216.6 $208.1 $607.4 $555.2 Water Management Solutions163.7