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Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 29, 2017
Significant Accounting Policies [Line Items] |
Pass-Through Costs Included in Revenues | The following table sets forth pass-through costs included in revenues in the accompanying Consolidated Statements of Earnings (in millions):
For the Year Ended
September 29, 2017 |  |  | September 30, 2016 |  |  | October 2, 2015 |
$ | 2,539.3 |  |  | $ | 2,489.9 |  |  | $ | 2,602.6 |
Components of Goodwill by Reporting Units | The following table presents the components of our goodwill by reporting unit appearing in the accompanying Consolidated Balance Sheets at September 29, 2017 (in thousands):
|  | September 29, 2017 |
Aerospace & Technology |  | $ | 1,025,780 |
Buildings & Infrastructure |  |  | 751,407 |
Industrial |  |  | 561,785 |
Petroleum & Chemicals |  |  | 670,854 |
Total Goodwill |  | $ | 3,009,826 |
Schedule of Acquired Intangible Assets | The following table provides certain information related to the Company’s acquired intangible assets in the accompanying Consolidated Balance Sheets at September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):
|  | Customer Relationships, Contracts, and Backlog |  |  | Developed Technology |  |  | Trade Names |  |  | Patents |  |  | Other |  |  | Total |
Balances, September 26, 2014 |  | $ | 408,041 |  |  | $ | 17,378 |  |  | $ | 14,148 |  |  | $ | — |  |  | $ | 625 |  |  | $ | 440,192 |
Acquisitions |  |  | (4,315 | ) |  |  | — |  |  |  | (1,292 | ) |  |  | — |  |  |  | 300 |  |  |  | (5,307 | )
Amortization |  |  | (39,967 | ) |  |  | (1,533 | ) |  |  | (4,172 | ) |  |  | — |  |  |  | (277 | ) |  |  | (45,949 | )
Foreign currency translation |  |  | (34,418 | ) |  |  | — |  |  |  | (1,085 | ) |  |  | — |  |  |  | (14 | ) |  |  | (35,517 | )
Balances, October 2, 2015 |  |  | 329,341 |  |  |  | 15,845 |  |  |  | 7,599 |  |  |  | — |  |  |  | 634 |  |  |  | 353,419 |
Acquisitions |  |  | 7,286 |  |  |  | — |  |  |  | 859 |  |  |  | 10,027 |  |  |  | — |  |  |  | 18,172 |
Amortization |  |  | (38,595 | ) |  |  | (1,534 | ) |  |  | (3,819 | ) |  |  | — |  |  |  | (454 | ) |  |  | (44,402 | )
Foreign currency translation |  |  | 9,605 |  |  |  | — |  |  |  | 147 |  |  |  | — |  |  |  | (19 | ) |  |  | 9,733 |
Balances, September 30, 2016 |  |  | 307,637 |  |  |  | 14,311 |  |  |  | 4,786 |  |  |  | 10,027 |  |  |  | 161 |  |  |  | 336,922 |
Acquisitions |  |  | 29,803 |  |  |  | 1,685 |  |  |  | 4,417 |  |  |  | — |  |  |  | — |  |  |  | 35,905 |
Amortization |  |  | (39,679 | ) |  |  | (1,534 | ) |  |  | (2,549 | ) |  |  | (400 | ) |  |  | (50 | ) |  |  | (44,212 | )
Foreign currency translation |  |  | 3,707 |  |  |  | — |  |  |  | 45 |  |  |  | 553 |  |  |  | — |  |  |  | 4,305 |
Balances, September 29, 2017 |  | $ | 301,468 |  |  |  | 14,462 |  |  |  | 6,699 |  |  |  | 10,180 |  |  |  | 111 |  |  |  | 332,920 |
Weighted Average Amortization Period (years) |  | 7.9 |  |  | 7.7 |  |  | 4.4 |  |  | 24 |  |  | 2.2 |  |  | 8.3 |
Stock-based Compensation Expense by Type of Award | The following table presents our stock-based compensation expense for the various types of awards made by the Company as included in the Consolidated Statements of Earnings for the years ended September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):
|  | For the Years Ended |
Award Type |  | September 29, 2017 |  |  | September 30, 2016 |  |  | October 2, 2015 |
Restricted Stock and Restricted Stock Units (excluding Market and Performance Awards) |  | $ | 26,393 |  |  | $ | 21,156 |  |  | $ | 20,779 |
Stock Options |  |  | 4,338 |  |  |  | 7,165 |  |  |  | 10,683 |
Market and Performance Awards |  |  | 8,033 |  |  |  | 4,049 |  |  |  | 9,950 |
Total Expense |  | $ | 38,764 |  |  | $ | 32,370 |  |  | $ | 41,412 |
Fair Value of Option Grant Date Award | The following table presents the assumptions used in the Black-Scholes option-pricing model for awards made to employees and directors for the years ended September 30, 2016 and October 2, 2015:
|  | Awards Made to Employees |  |  | Awards Made to Directors |
|  | September 30, 2016 |  |  | October 2, 2015 |  |  | September 30, 2016 |  |  | October 2, 2015 |
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | % |  |  | — | %
Expected volatility |  |  | 27.77 | % |  |  | 27.00 | % |  |  | 29.21 | % |  |  | 29.28 | %
Risk-free interest rate |  |  | 1.82 | % |  |  | 1.67 | % |  |  | 1.44 | % |  |  | 1.63 | %
Expected term of options (in years) |  | 5.82 |  |  |  | 5.82 |  |  | 5.82 |  |  |  | 5.82 |
Unit Basis for Earned Net Earnings Growth Based PSUs | The following table presents the basis on which the Net Earnings Growth Based PSUs are determined:
Average Adjusted Net Earnings Growth |  |  | Net Earnings Growth Performance Multiplier |
Less than 5% |  |  |  | 0 | %
| 5% |  |  |  | 50 | %
| 10% |  |  |  | 100 | %
| 15% |  |  |  | 150 | %
| 20% |  |  |  | 200 | %
Basis to Determine EPS Performance Multiplier | The “EPS Performance Multiplier” is determined by reference to the following table based upon the Company’s EPS Growth Rate or Compound Annual EPS Growth Rate over the relevant fiscal periods. The Human Resource and Compensation Committee of the Board of Directors of the Company set these metrics based on the Company’s plan at the start of the fiscal year.
EPS Growth Rate or Compound Annual EPS Growth Rate |  |  | EPS Performance Multiplier |
Less than 4% |  |  |  | 0 | %
| 4% |  |  |  | 50 | %
| 7.5% |  |  |  | 100 | %
| 15% |  |  |  | 150 | %
| 20% or greater |  |  |  | 200 | %
Unit Basis for Earned Relative TSR Restricted Stock | The following table presents the basis on which the Relative TSR Based PSUs are determined:
Company TSR Percentile Rank |  | TSR Performance Multiplier |
Below 30th percentile |  |  | 0 | %
30th percentile |  |  | 50 | %
50th percentile |  |  | 100 | %
70th percentile or above |  |  | 150 | %
Schedule of Fair Value Assumptions for Earned Relative TSR Restricted Stock Units | The following table presents the assumptions used to value the TSR Based PSUs for the years ended September 29, 2017, September 30, 2016 and October 2, 2015:
|  | For the Years Ended |
|  | September 29, 2017 |  |  | September 30, 2016 |  |  | October 2, 2015 |
Dividend yield |  |  | — | % |  |  | — | % |  |  | — | %
Expected volatility |  |  | — | % |  |  | 25.06 | % |  |  | — | %
Risk-free interest rate |  |  | — | % |  |  | 1.21 | % |  |  | — | %
Expected term (in years) |  |  | — |  |  |  | 3 |  |  |  | — |
Basis to Determine Return on Invested Capital Based PSUs | The number of restricted stock units to be issued equals the target number of restricted stock units multiplied by an ROIC Performance Multiplier (as shown in the table below) determined based upon the Company’s average annual ROIC from fiscal 2017 to fiscal 2019.
Average ROIC – Fiscal 2017 - 2019 |  |  | ROIC Performance Multiplier |
Less than 8.9% |  |  |  | 0 | %
| 8.9% |  |  |  | 50 | %
| 9.9% |  |  |  | 100 | %
| 10.9% |  |  |  | 200 | %
EPS Growth Rate Restricted Stock Units 2017 Awards |
Significant Accounting Policies [Line Items] |
Basis to Determine EPS Performance Multiplier | The “EPS Performance Multiplier” is determined by reference to the following table based upon the average growth in the Company’s adjusted EPS over the indicated fiscal periods. The Human Resource and Compensation Committee of the Board of Directors of the Company set these metrics based on the Company’s plan at the start of the fiscal year. Average EPS Growth Rate from fiscal 2016 to fiscal 2017
Average EPS Growth Rate |  |  | EPS Performance Multiplier |
Less than 0% |  |  |  | 0 |
| 2.3% |  |  |  | 100 | %
| 4.3% |  |  |  | 200 | %
Average EPS Growth Rate from fiscal 2016 to fiscal 2018
Average EPS Growth Rate |  |  | EPS Performance Multiplier |
Less than 2.1% |  |  |  | 0 |
| 4.1% |  |  |  | 100 | %
6.1% |  |  |  | 200 | %
Average EPS Growth Rate from fiscal 2016 to fiscal 2019
Average EPS Growth Rate |  |  | EPS Performance Multiplier |
Less than 3.6% |  |  |  | 0 |
| 5.6% |  |  |  | 100 | %
7.6% |  |  |  | 200 | %

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