XML 52 R41.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information (Tables)
 9 Months Ended
Jul. 01, 2022
Segment Reporting [Abstract]  
Schedule of Total Revenues, Segment Operating Profit and Total Asset for Reporting Segment
The following tables present total revenues and segment operating profit from continuing operations for each reportable segment (in thousands) and includes a reconciliation of segment operating profit to total U.S. GAAP operating profit by including certain corporate-level expenses, Restructuring and other charges (as defined in Note 18 - Restructuring and Other Charges) and transaction and integration costs (in thousands).
For the Three Months EndedFor the Nine Months Ended
July 1, 2022July 2, 2021July 1, 2022July 2, 2021
Revenues from External Customers:
Critical Mission Solutions$1,317,109 $1,218,089 $3,845,927 $3,822,949 
People & Places Solutions2,232,404 2,102,550 6,330,906 6,329,088 
PA Consulting277,580 255,797 864,944 354,107 
              Total$3,827,093 $3,576,436 $11,041,777 $10,506,144 
For the Three Months EndedFor the Nine Months Ended
July 1, 2022July 2, 2021July 1, 2022July 2, 2021
Segment Operating Profit:
Critical Mission Solutions$104,305 $108,131 $329,042 $332,133 
People & Places Solutions210,046 205,324 592,883 603,654 
PA Consulting51,448 56,791 182,850 84,708 
Total Segment Operating Profit365,799 370,246 1,104,775 1,020,495 
Other Corporate Expenses (1)(89,887)(104,532)(284,479)(238,198)
Restructuring, Transaction and Other Charges (2)(10,150)(1,968)(210,986)(345,725)
Total U.S. GAAP Operating Profit265,762 263,746 609,310 436,572 
Total Other Income (Expense), net (3)6,353 19,648 (12,825)88,650 
Earnings from Continuing Operations Before Taxes$272,115 $283,394 $596,485 $525,222 
(1)
Other corporate expenses also included intangibles amortization of $51.6 million and $49.6 million for the three months ended July 1, 2022 and July 2, 2021, respectively, and $146.9 million and $103.3 million for the nine months ended July 1, 2022 and July 2, 2021, respectively, with the comparative year-to-date period increase mainly attributable to higher amortization from the PA Consulting investment.
(2)
Included in the nine months ended July 1, 2022 is $91.3 million in charges related to the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves and $74.6 million of real estate impairment charges and $24.5 million in other transformation and other charges related to the Company's transformation initiatives. Included in the nine months ended July 2, 2021 are $297.4 million of costs incurred in connection with the investment in PA Consulting, in part classified as compensation costs.
(3)
The three and nine months ended July 1, 2022 included a $13.9 million gain related to a cost method investment sold during the period. The nine months ended July 1, 2022 included a gain of $7.1 million related to a lease termination. The three and nine months ended July 2, 2021 include $38.7 million and $102.2 million, respectively, in fair value adjustments related to our investment in Worley stock (including Worley stock dividends) and certain foreign currency revaluations relating to the ECR sale and $1.0 million and $49.6 million, respectively, in fair value adjustments related to our investment in C3 stock, with both of these investments sold in fiscal 2021. The nine months ended July 2, 2021 also includes $38.9 million related to impairment of our AWE ML investment.