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Revenue Accounting for Contracts and Adoption of ASC Topic 606 (Tables)

3 Months Ended

Dec. 28, 2018

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:

	Three Months Ended
	December 28, 2018
(in thousands)	Recognition Under Previous Guidance				Impact of the Adoption of ASC Topic 606				Recognition Under ASC Topic 606
Revenues	$	3,077,464			$	6,324			$	3,083,788
Direct costs of contracts	(2,515,268		)		—				(2,515,268		)
Gross profit	562,196				6,324				568,520
Operating Profit	106,806				6,324				113,130
Earnings from Continuing Operations Before Taxes	85,867				6,324				92,191
Income tax expense for Continuing Operations	(21,571		)		(1,187		)		(22,758		)
Net Earnings of the Group from Continuing Operations	64,296				5,137				69,433
Net Earnings of the Group from Discontinued Operations	58,987				1,171				60,158
Net Earnings of the Group	123,283				6,308				129,591
Net Earnings Attributable to Jacobs from Continuing Operations	59,757				5,137				64,894
Net Earnings Attributable to Jacobs from Discontinued Operations	58,231				1,171				59,402
Net Earnings Attributable to Jacobs	$	117,988			$	6,308			$	124,296

The following table presents how the adoption of ASC Topic 606 affected certain line items in the Consolidated Balance Sheets:

	December 28, 2018
(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)	$	2,679,417			$	2,491			$	2,681,908
Current assets held for sale	$	1,199,050			$	2,220			$	1,201,270
Miscellaneous noncurrent assets	$	787,071			$	(1,187	)		$	785,884
Contract Liabilities (previously presented as Billings in excess of costs)	$	413,597			$	(3,833	)		$	409,764
Current liabilities held for sale	$	787,954			$	4,325			$	792,279

Disaggregation of Revenue

The following table further disaggregates our revenue by geographic area for the three months ended December 28, 2018 and December 29, 2017 (in thousands):

	Three Months Ended
	December 28, 2018				December 29, 2017
Revenues:
United States	$	2,182,304			$	1,118,833
Europe	614,224				464,095
Canada	50,488				6,904
Asia	35,611				32,264
India	12,639				9,647
Australia and New Zealand	126,647				140,877
South America and Mexico	2,649				1,773
Middle East and Africa	59,226				9,606
Total	$	3,083,788			$	1,783,999

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

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-Publisher FASB
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-Section S99
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-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

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-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

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