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Revenue Accounting for Contracts and Adoption of ASC Topic 606 (Tables) | 12 Months Ended
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Sep. 27, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table presents how the adoption of ASC Topic 606 affected certain line items in the Consolidated Statements of Earnings:
| Year Ended
| September 27, 2019
(in thousands) | Recognition Under Previous Guidance |  | Impact of the Adoption of ASC Topic 606 |  | Recognition Under ASC Topic 606
Revenues | $ | 12,714,710 |  |  | $ | 23,158 |  |  | $ | 12,737,868 |
Direct costs of contracts | (10,260,840 | ) |  | — |  |  | (10,260,840 | )
Gross profit | 2,453,870 |  |  | 23,158 |  |  | 2,477,028 |
Selling, general and administrative expenses | (2,072,177 | ) |  | — |  |  | (2,072,177 | )
Operating Profit | 381,693 |  |  | 23,158 |  |  | 404,851 |
Earnings from Continuing Operations Before Taxes | 327,801 |  |  | 23,158 |  |  | 350,959 |
Income tax expense for Continuing Operations | (32,308 | ) |  | (4,646 | ) |  | (36,954 | )
Net Earnings of the Group from Continuing Operations | 295,493 |  |  | 18,512 |  |  | 314,005 |
Net Earnings of the Group from Discontinued Operations | 554,464 |  |  | 4,750 |  |  | 559,214 |
Net Earnings of the Group | 849,957 |  |  | 23,262 |  |  | 873,219 |
Net Earnings Attributable to Jacobs from Continuing Operations | 272,448 |  |  | 18,512 |  |  | 290,960 |
Net Earnings Attributable to Jacobs from Discontinued Operations | 552,269 |  |  | 4,750 |  |  | 557,019 |
Net Earnings Attributable to Jacobs | $ | 824,717 |  |  | $ | 23,262 |  |  | $ | 847,979 |
The following table presents how the adoption of ASC Topic 606 affected certain line items in the Consolidated Balance Sheets:
| September 27, 2019
(in thousands) | Recognition Under Previous Guidance |  | Impact of the Adoption of ASC Topic 606 |  | Recognition Under ASC Topic 606
Receivables and contract assets (previously presented as Receivables) | $ | 2,839,813 |  |  | $ | 396 |  |  | $ | 2,840,209 |
Current assets held for sale | $ | 952 |  |  | $ | — |  |  | $ | 952 |
Miscellaneous noncurrent assets | $ | 917,448 |  |  | $ | 754 |  |  | $ | 918,202 |
Contract Liabilities (previously presented as Billings in excess of costs) | $ | 410,464 |  |  | $ | 3,744 |  |  | $ | 414,208 |
Current liabilities held for sale | $ | 2,573 |  |  | $ | — |  |  | $ | 2,573 |

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