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Revenue Accounting for Contracts
6 Months Ended
Mar. 28, 2025
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 technical, digital, process, scientific and systems consulting services. We provide our services through offices and subsidiaries located primarily in North 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 19- 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 six months ended March 28, 2025 and March 29, 2024 (in thousands):
Three Months EndedSix Months Ended
March 28, 2025March 29, 2024March 28, 2025March 29, 2024
Revenues:
     United States$1,796,118 $1,772,269 $3,608,903 $3,506,954 
     Europe697,619 679,963 1,410,251 1,355,449 
     Canada55,178 61,405 114,150 124,544 
     Asia35,404 34,151 68,773 64,760 
     India44,512 37,274 81,447 73,017 
     Australia and New Zealand130,503 131,642 270,512 271,976 
     Middle East and Africa151,081 130,475 289,335 260,706 
Total$2,910,415 $2,847,179 $5,843,371 $5,657,406 
Contract Liabilities
Contract liabilities represent amounts billed to clients in excess of revenue recognized to date. Revenue recognized for the three and six months ended March 28, 2025 that was previously included in the contract liability balance on September 27, 2024 was $172.2 million and $583.0 million, respectively. Revenue recognized for the three and six months ended March 29, 2024 that was included in the contract liability balance on September 29, 2023 was $98.0 million and $437.4 million, respectively.
Remaining Performance Obligations
The Company’s remaining performance obligations as of March 28, 2025 represent a measure of the total dollar value of work to be performed on contracts awarded and in progress. The Company had approximately $15.2 billion in remaining performance obligations as of March 28, 2025. The Company expects to recognize approximately 49% of its remaining performance obligations into revenue within the next twelve months and the remaining 51% thereafter. The majority of the remaining performance obligations after the first twelve months are expected to be recognized over a four-year period.
Although our remaining performance obligations reflect business volumes that are considered to be firm, normal business activities including scope adjustments, deferrals or cancellations may occur that impact volume or 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.