XML 48 R35.htm IDEA: XBRL DOCUMENT v3.19.1

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

6 Months Ended

Mar. 29, 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:

	Three Months Ended												Six Months Ended
	March 29, 2019												March 29, 2019
(in thousands)	Recognition Under Previous Guidance				Impact of the Adoption of ASC Topic 606				Recognition Under ASC Topic 606				Recognition Under Previous Guidance				Impact of the Adoption of ASC Topic 606				Recognition Under ASC Topic 606
Revenues	$	3,083,889			$	7,707			$	3,091,596			$	6,161,353			$	14,031			$	6,175,384
Direct costs of contracts	(2,474,755		)		—				(2,474,755		)		(4,990,023		)		—				(4,990,023		)
Gross profit	609,134				7,707				616,841				1,171,330				14,031				1,185,361
Operating Profit	94,974				7,707				102,681				201,779				14,031				215,810
Earnings from Continuing Operations Before Taxes	104,125				7,707				111,832				189,990				14,031				204,021
Income tax expense for Continuing Operations	9,231				(1,284		)		7,947				(12,340		)		(2,471		)		(14,811		)
Net Earnings of the Group from Continuing Operations	113,356				6,423				119,779				177,650				11,560				189,210
Net Earnings of the Group from Discontinued Operations	(59,343		)		2,337				(57,006		)		(355		)		3,508				3,153
Net Earnings of the Group	54,013				8,760				62,773				177,295				15,068				192,363
Net Earnings Attributable to Jacobs from Continuing Operations	108,332				6,423				114,755				168,088				11,560				179,648
Net Earnings Attributable to Jacobs from Discontinued Operations	(60,175		)		2,337				(57,838		)		(1,943		)		3,508				1,565
Net Earnings Attributable to Jacobs	$	48,157			$	8,760			$	56,917			$	166,145			$	15,068			$	181,213

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

	March 29, 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)	$	2,743,892			$	3,280			$	2,747,172
Current assets held for sale	$	1,298,430			$	(1,000	)		$	1,297,430
Miscellaneous noncurrent assets	$	849,563			$	(2,487	)		$	847,076
Contract Liabilities (previously presented as Billings in excess of costs)	$	461,396			$	(10,532	)		$	450,864
Current liabilities held for sale	$	733,302			$	(2,144	)		$	731,158

Disaggregation of Revenue

The following table further disaggregates our revenue by geographic area for the three and six months ended March 29, 2019 and March 30, 2018 (in thousands):

	Three Months Ended								Six Months Ended
	March 29, 2019				March 30, 2018				March 29, 2019				March 30, 2018
Revenues:
United States	$	2,161,334			$	1,919,599			$	4,343,638			$	3,038,432
Europe	600,903				623,397				1,215,127				1,087,492
Canada	50,021				52,651				100,509				59,555
Asia	43,765				42,194				79,376				74,458
India	18,364				15,711				31,002				25,358
Australia and New Zealand	123,235				149,830				249,883				290,708
South America and Mexico	3,370				5,187				6,020				6,960
Middle East and Africa	90,604				61,726				149,829				71,331
Total	$	3,091,596			$	2,870,295			$	6,175,384			$	4,654,294

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

+ Details

Name:	us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration