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Revenue Accounting for Contracts
9 Months Ended
Jul. 02, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Accounting for Contracts Revenue Accounting for Contracts
Disaggregation of Revenues
Our revenues are principally derived from contracts to provide a diverse range of technical, professional, and construction services to a large number of industrial, commercial, and governmental clients. We provide a broad range of engineering, design, and architectural services; construction and construction management services; operations and maintenance services; and process, scientific, and systems consulting services. We provide our services through offices and subsidiaries located primarily in North America, South America, Europe, the Middle East, India, Australia, Africa, and Asia. We provide our services under cost-reimbursable and fixed-price contracts. Our contracts are with many different customers in numerous industries. Refer to Note 20- Segment Information for additional information on how we disaggregate our revenues by reportable segment.
The following table further disaggregates our revenue by geographic area for the three and nine months ended July 2, 2021 and June 26, 2020 (in thousands):
Three Months EndedNine Months Ended
July 2, 2021June 26, 2020July 2, 2021June 26, 2020
Revenues:
     United States$2,364,034 $2,472,091 $7,295,818 $7,548,192 
     Europe881,676 504,201 2,277,670 1,662,104 
     Canada57,866 56,954 167,181 164,601 
     Asia28,309 27,995 84,364 90,889 
     India18,915 16,465 49,926 33,229 
     Australia and New Zealand174,828 130,133 472,013 378,178 
     Middle East and Africa50,808 52,218 159,172 170,093 
Total$3,576,436 $3,260,057 $10,506,144 $10,047,286 
Contract Liabilities
Contract liabilities represent amounts billed to clients in excess of revenue recognized to date. Revenue recognized for the three and nine months ended July 2, 2021 that was included in the contract liability balance on October 2, 2020 was $24.8 million and $380.4 million, respectively. Revenue recognized for the three and nine months ended June 26, 2020 that was included in the contract liability balance on September 27, 2019, was $42.4 million and $352.9 million, respectively.
Remaining Performance Obligations     
The Company’s remaining performance obligations as of July 2, 2021 represent a measure of the total dollar value of work to be performed on contracts awarded and in progress. The Company had approximately $13.8 billion in remaining performance obligations as of July 2, 2021. The Company expects to recognize approximately 46% of our remaining performance obligations into revenue within the next twelve months and the remaining 54% thereafter.
Although remaining performance obligations reflect business that is considered to be firm, cancellations, scope adjustments, foreign currency exchange fluctuations or deferrals may occur that impact their volume or the expected timing of their recognition. Remaining performance obligations are adjusted to reflect any known project cancellations, revisions to project scope and cost, foreign currency exchange fluctuations and project deferrals, as appropriate.