Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 455

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 455
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7 Total right-of-use assets   $31.4 $29.6 Lease liabilities:Operating leases - currentOther current liabilities$6.4 $5.5 Operating leases - noncurrentOther noncurrent liabilities22.0 22.5 Finance leases - currentCurrent portion of long-term debt1.2 0.8 Finance leases - noncurrentLong-term debt2.9 1.9 Total lease liabilities$32.5 $30.7 

F- 17

Table of ContentsIndex to Financial Statements

Supplemental information related to lease terms and discount rates is presented below.Year ended September 30,20252024Weighted-average remaining lease term (years):Operating leases5.516.14Finance leases3.363.64Weighted-average interest rate:Operating leases5.44 %5.48 %Finance leases7.24 %7.10 %Scheduled maturities for our lease liabilities as of September 30, 2025 are as follows:Operating LeasesFinance  Leases(in millions)2026$7.8 $1.5 20277.0 1.3 20285.4 1.3 20293.5 0.5 20302.5 0.1 Thereafter6.6 — Total lease payments32.8 4.7 Less: imputed interest(4.4)(0.6)Present value of lease liabilities$28.4 $4.1 

Note 5.    Goodwill and Intangible Assets 

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 carrying value of the reporting unit, including goodwill, is compared with the estimated fair value of the reporting unit as determined utilizing a combination of the income and market approach.  The income approach, which is a level 3 fair value measurement, is based on projected debt-free cash flow estimates which are discounted to the present value using discount rates that consider the timing and risk of those cash flows.  The market approach is based on the guideline public company method, which uses market multiples to value our reporting units as applicable.  We weight the approaches in a