Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 67

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 benefits$34.0 $58.3 Customer rebates21.7 16.9 Income taxes payable5.1 5.6 Warranty accrual12.3 13.3 Deferred revenue6.9 7.1 Returned goods accrual5.0 7.3 Taxes other than income taxes4.2 3.5 Operating lease liabilities5.9 5.5 Workers' compensation accrual4.4 4.6 Restructuring liabilities2.1 3.4 Interest payable5.3 5.3 Other current liabilities9.3 16.5 Total other current liabilities$116.2 $147.3 Other noncurrent liabilities:Operating lease liabilities$21.9 $22.5 Warranty accrual8.6 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 grant2.1 2.5 Other noncurrent liabilities3.2 4.1 Total other noncurrent liabilities$58.8 $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 six months ended March 31, 2025, in millions: Balance at September 30, 2024:Goodwill$821.1 Accumulated impairment(740.4)Goodwill, net80.7 Activity during the six months ended March 31, 2025:Change in foreign currency exchange rates0.2 Balance at March 31, 2025$80.9 

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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