Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 37

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 8
Chunk 37
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ized internal-use software, net$7.9 $7.7 Business combination-related:Cost:Finite-lived intangible assets:Technology$122.4 $118.6 Customer relationships and other371.9 371.5 Indefinite-lived intangible assets:Trade names and trademarks273.0 272.5 $767.3 $762.6 Accumulated amortization:Technology$(103.2)$(97.9)Customer relationships and other(364.7)(362.7)(467.9)(460.6)Business combination-related intangible assets, net299.4 302.0 Intangible assets, net$307.3 $309.7 

F- 19

Table of ContentsIndex to Financial Statements

Goodwill As of September 30, 2025, our remaining goodwill balance is within our Water Management Solutions segment.  Changes in the carrying amount of goodwill for the years ended September 30, 2025, and 2024 were as follows (in millions):Balance as of September 30, 2023:Goodwill$817.8 Accumulated impairment (724.1)Net goodwill 93.7 2024 Activity:Goodwill impairment(16.3)Change in foreign currency exchange rates3.3 Balance as of September 30, 2024:Goodwill821.1 Accumulated impairment (740.4)Net goodwill80.7 2025 Activity:Change in foreign currency exchange rates8.5 Balance as of September 30, 2025:Goodwill829.6 Accumulated impairment(740.4)Net goodwill$89.2 

Note 6.    Income Taxes 

The components of income before income taxes are presented below:202520242023 (in millions)U.S.$248.2 $176.1 $83.2 Non-U.S.6.0 (12.7)25.8 Income before income taxes$254.2 $163.4 $109.0 The Tax Cuts and Jobs Act (the “Act”) imposed a one-time transition tax on the undistributed, previously untaxed, post-1986 foreign “earnings and profits” as defined by the Internal Revenue Services (“IRS”) of certain United States-owned corporations.  As of September 30, 2025, the remaining balance of our transition obligation is $1