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Business Acquisitions, Goodwill and Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2015

Business Acquisitions, Goodwill and Intangible Assets

Schedule of estimated fair values of the assets acquired and liabilities assumed, as of the acquisition dates

The following summarizes the estimated fair values of URS assets acquired and liabilities assumed (in millions), as of the acquisition date:

Cash and cash equivalents	$	284.8
Accounts receivable	2,579.1
Prepaid expenses and other current assets	356.4
Property and equipment	579.9
Identifiable intangible assets:
Customer relationships, contracts and backlog	983.8
Tradename	7.8
Total identifiable intangible assets	991.6
Goodwill	3,846.9
Other non-current assets	335.2
Accounts payable	(720.0		)
Accrued expenses and other current liabilities	(1,136.0		)
Billings in excess of costs on uncompleted contracts	(369.0		)
Current portion of long-term debt	(47.4		)
Other long-term liabilities	(433.0		)
Pension and post-retirement benefit obligations	(402.1		)
Long-term debt	(520.2		)
Noncontrolling interests	(225.6		)
Net assets acquired	$	5,120.6

Schedule of pro forma operating results

	Six Months Ended
	March 31, 2015		March 31, 2014
	(in millions)
Revenue	$	9,044	$	9,082
Income from continuing operations	$	207	$	10
Net income (loss)	$	137	$	(105	)
Net income (loss) attributable to AECOM	$	85	$	(130	)

Net income (loss) attributable to AECOM per share:
Basic	$	0.56	$	(0.86	)
Diluted	$	0.56	$	(0.86	)

Schedule of acquisition and integration expenses

Acquisition and integration expenses in the accompanying consolidated statements of operations for the three and six months ended March 31, 2015 comprised of the following (in millions):

	Three months ended March 31, 2015		Six months ended March 31, 2015

Severance and personnel costs	$	42.2	$	151.5
Professional service, real estate-related, and other expenses	49.4		78.6
Total	$	91.6	$	230.1

Schedule of changes in the carrying value of goodwill by reportable segment

	September 30, 2014		Acquired		Post- Acquisition Adjustments		Foreign Exchange Impact			March 31, 2015
	(in millions)
Design and Consulting Services	$	1,479.2	$	1,768.2	$	5.5	$	(60.4	)	$	3,192.5
Construction Services	276.9		370.2		4.2		(24.1		)	627.2
Management Services	181.2		1,708.5		—		(44.0		)	1,845.7
Total	$	1,937.3	$	3,846.9	$	9.7	$	(128.5	)	$	5,665.4

	September 30, 2013		Acquired		Post- Acquisition Adjustments		Foreign Exchange Impact			March 31, 2014
	(in millions)
Design and Consulting Services	$	1,414.1	$	79.1	$	5.0	$	(8.5	)	$	1,489.7
Construction Services	216.5		—		—		—			216.5
Management Services	181.2		—		—		—			181.2
Total	$	1,811.8	$	79.1	$	5.0	$	(8.5	)	$	1,887.4

Schedule of finite-lived intangible assets by major class

	March 31, 2015							September 30, 2014
	Gross Amount		Accumulated Amortization			Intangible Assets, Net		Gross Amount		Accumulated Amortization			Intangible Assets, Net		Amortization Period
	(in millions)														(years)
Backlog and customer relationships	$	1,236.9	$	(382.7	)	$	854.2	$	271.6	$	(182.8	)	$	88.8	1 — 11
Trademark / tradename	16.4		(16.1		)	0.3		9.3		(7.9		)	1.4		0.3 — 2
Total	$	1,253.3	$	(398.8	)	$	854.5	$	280.9	$	(190.7	)	$	90.2

Schedule of estimated future amortization expense of intangible assets

Fiscal Year	(in millions)
2015 (six months remaining)	$	196.0
2016	191.3
2017	97.6
2018	79.2
2019	73.8
Thereafter	216.6
Total	$	854.5