Company: MWA
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001350593-25-000012
Chunk: 60

Company: Mueller Water Products, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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.7 5.5 Workers' compensation accrual4.5 4.6 Restructuring liabilities3.6 3.4 Interest payable0.8 5.3 Other current liabilities9.9 16.5 Total other current liabilities$120.6 $147.3 Other noncurrent liabilities:Operating lease liabilities$22.0 $22.5 Warranty accrual9.2 10.3 Transition tax liability1.7 1.7 Uncertain tax position liability3.4 3.0 NMTC liability3.9 3.9 Workers' compensation accrual5.8 5.8 Asset retirement obligation4.2 4.2 Deferred revenue5.6 5.7 Deferred development grant2.5 2.5 Other noncurrent liabilities2.7 4.1 Total other noncurrent liabilities$61.0 $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 three months ended December 31, 2024, in millions: Balance at September 30, 2024:Goodwill$821.1 Accumulated impairment(740.4)Goodwill, net80.7 Activity during the three months ended December 31, 2024:Change in foreign currency exchange rates0.8 Balance at December 31, 2024$81.5 

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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 endedDecember 31,20242023 (in millions)Net revenue, excluding intercompany:Water Flow Solutions$174.6 $141.3 Water Management Solutions129.7 115