Business Combinations (Tables)

3 Months Ended

Dec. 28, 2018

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

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



Assets
Cash and cash equivalents	$	315.2
Receivables	1,120.6
Prepaid expenses and other	72.7
Property, equipment and improvements, net	175.1
Goodwill	3,101.0
Identifiable intangible assets:
Customer relationships, contracts and backlog	412.3
Lease intangible assets	4.4
Total identifiable intangible assets	416.7
Miscellaneous	543.6
Total Assets	$	5,744.9

Liabilities
Notes payable	$	2.2
Accounts payable	309.6
Accrued liabilities	735.7
Billings in excess of costs	260.8
Identifiable intangible liabilities:
Lease intangible liabilities	9.6
Long-term debt	706.0
Other deferred liabilities	659.0
Total Liabilities	2,682.9
Noncontrolling interests	(37.3		)
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 months ended December 29, 2017 are comprised of the following (in millions):



	Three Months Ended December 29, 2017
Personnel costs	$	41.2
Professional services and other expenses	26.7
Total	$	67.9

Summary of Unaudited Proforma Operating Results

The following presents summarized unaudited pro forma operating results of Jacobs 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, except per share data):




	Three Months Ended December 29, 2017
Revenues	$	3,778.6
Net earnings of the Group	$	33.6
Net earnings (loss) attributable to Jacobs	$	31.1
Net earnings (loss) attributable to Jacobs per share:
Basic earnings (loss) per share	$	0.22
Diluted earnings (loss) per share	$	0.21