Business Combinations (Tables)

6 Months Ended

Mar. 30, 2018

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following summarizes the estimated fair values of CH2M assets acquired and liabilities assumed as of the acquisition date (in millions):



Assets
Cash and cash equivalents	$	315.2
Receivables	1,184.1
Prepaid expenses and other	72.7
Property, equipment and improvements, net	175.1
Goodwill	2,874.9
Identifiable intangible assets:
Customer relationships, contracts and backlog	450.0
Lease intangible assets	4.4
Total identifiable intangible assets	454.4
Miscellaneous	354.2
Total Assets	$	5,430.6

Liabilities
Notes payable	$	2.2
Accounts payable	309.6
Accrued liabilities	696.6
Billings in excess of costs	265.8
Identifiable intangible liabilities:
Lease intangible liabilities	9.6
Long-term debt	702.3
Other deferred liabilities	381.6
Total Liabilities	2,367.7
Noncontrolling interests	(38.2		)
Net assets acquired	$	3,024.7

Schedule of Transaction Costs Associated with Acquisition

Transaction costs associated with the CH2M acquisition in the accompanying consolidated statements of earnings for the three and six months ended March 30, 2018 are comprised of the following (in millions):



	Three Months Ended March 30, 2018		Six Months Ended March 30, 2018

Personnel costs	$	4.7	$	45.9
Professional services and other expenses	0.2		26.9
Total	$	4.9	$	72.8

Summary of Unaudited Proforma Operating Results

The following presents summarized unaudited pro forma operating results assuming that the Company had acquired CH2M at October 1, 2016. These pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the related events occurred (in millions):



	Six Months Ended
	March 30, 2018		March 31, 2017

Revenues	$	7,713.1	$	7,043.4
Net earnings	77.7		10.6
Net earnings (loss) attributable to Jacobs	71.8		(2.8		)
Net earnings (loss) attributable to Jacobs per share:
Basic earnings (loss) per share	$	0.50	$	(0.02	)
Diluted earnings (loss) per share	$	0.50	$	(0.02	)