Goodwill and Intangibles

3 Months Ended

Dec. 28, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

As a result of the refinement of the segment realignment this quarter (See Note 8- Segment Information), a portion of the historical carrying value of goodwill for the former Aerospace, Technology, Environmental and Nuclear segment was allocated to the Buildings, Infrastructure and Advanced Facilities segment on a relative fair value basis to reflect the movement of the Global Environmental Solutions ("GES") business between segments. Additionally, because of the pending sale of the Energy, Chemicals and Resources ("ECR") line of business (see Note 7- Discontinued Operations - Sale of Energy, Chemicals and Resources ("ECR") Business) which is now reflected as discontinued operations, the goodwill balance associated with ECR has been reclassified to noncurrent assets held for sale on the Consolidated Balance Sheets. The carrying value of goodwill associated with continuing operations and appearing in the accompanying Consolidated Balance Sheets at December 28, 2018 and September 28, 2018 was as follows (in millions):



	Aerospace, Technology and Nuclear			Buildings, Infrastructure and Advanced Facilities			Total
Balance September 28, 2018	$	1,581		$	3,215		$	4,796
Post-Acquisition Adjustments	(10		)	(4		)	(14		)
Foreign Exchange Impact	(4		)	(7		)	(11		)
Balance December 28, 2018	$	1,567		$	3,204		$	4,771

The following table provides certain information related to the Company’s acquired intangibles in the accompanying Consolidated Balance Sheets at December 28, 2018 and September 28, 2018 (in thousands):



	Customer Relationships, Contracts and Backlog			Trade Names			Lease Intangible Assets			Other			Total
Balances September 28, 2018	$	568,261		$	2,102		$	2,527		$	62		$	572,952
Amortization	(18,078		)	(444		)	(136		)	(13		)	(18,671		)
Disposal	—			—			—			100			100
Foreign currency translation	(2,375		)	24			—			—			(2,351		)
Balances December 28, 2018	$	547,808		$	1,682		$	2,391		$	149		$	552,030

In addition, we acquired $9.6 million in lease intangible liabilities in connection with the CH2M acquisition, of which $8.4 million remain unamortized at December 28, 2018.

The following table presents estimated amortization expense of intangible assets for the remainder of fiscal 2019 and for the succeeding years.



Fiscal Year	(in millions)
2019	$	49.9
2020	70.0
2021	66.4
2022	65.3
2023	65.0
Thereafter	227.0
Total	$	543.6

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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