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Business Acquisitions, Goodwill and Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2016

Business Acquisitions, Goodwill and Intangible Assets

Schedule of estimated fair values of URS 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		$	284.9
Accounts receivable		2,512.8
Prepaid expenses and other current assets		421.0
Property and equipment		570.9
Identifiable intangible assets:
Customer relationships, contracts and backlog		969.2
Tradename		7.8
Total identifiable intangible assets		977.0
Goodwill		3,992.0
Other non-current assets		329.8
Accounts payable		(656.7		)
Accrued expenses and other current liabilities		(1,344.8		)
Billings in excess of costs on uncompleted contracts		(397.8		)
Current portion of long-term debt		(47.4		)
Other long-term liabilities		(393.6		)
Pension benefit obligations		(406.3		)
Long-term debt		(520.2		)
Noncontrolling interests		(201.0		)
Net assets acquired		$	5,120.6

Schedule of pro forma operating results

		Six Months Ended March 31, 2015
		(in millions)
Revenue		$	9,044
Income from operations		$	207
Net income		$	137
Net income attributable to AECOM		$	85
Net income attributable to AECOM per share:
Basic		$	0.56
Diluted		$	0.56

Schedule of acquisition and integration expenses

Acquisition and integration expenses, resulting from the acquisition of URS, in the accompanying consolidated statements of operations for the three and six months ended March 31, 2016 and 2015 were comprised of the following (in millions):

		Three months ended						Six months ended
		Mar 31,  2016			Mar 31,  2015			Mar 31,  2016			Mar 31,  2015
		(in millions)
Severance and personnel costs		$	5.4		$	42.2		$	12.0		$	151.5
Professional service, real estate-related, and other expenses		45.3			49.4			79.7			78.6
Total		$	50.7		$	91.6		$	91.7		$	230.1

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

		September 30, 2015			Post- Acquisition Adjustments			Foreign Exchange Impact			Disposed			March 31, 2016
		(in millions)
Design and Consulting Services		$	3,163.3		$	(10.4	)	$	12.9		$	—		$	3,165.8
Construction Services		918.5			(18.6		)	1.6			(11.3		)	890.2
Management Services		1,738.9			—			(9.3		)	—			1,729.6
Total		$	5,820.7		$	(29.0	)	$	5.2		$	(11.3	)	$	5,785.6

Schedule of finite-lived intangible assets by major class

		March 31, 2016									September 30, 2015
		Gross Amount			Accumulated Amortization			Intangible Assets, Net			Gross Amount			Accumulated Amortization			Intangible Assets, Net			Amortization Period
		(in millions)																		(years)
Backlog and customer relationships		$	1,226.6		$	(693.9	)	$	532.7		$	1,224.7		$	(565.3	)	$	659.4		1 – 11
Trademark / tradename		16.4			(16.4		)	—			16.4			(16.4		)	—			0.3 – 2
Total		$	1,243.0		$	(710.3	)	$	532.7		$	1,241.1		$	(581.7	)	$	659.4

Schedule of estimated future amortization expense of intangible assets

Fiscal Year		(in millions)
2016 (six months remaining)		$	67.5
2017		94.3
2018		79.9
2019		74.5
2020		62.1
Thereafter		154.4
Total		$	532.7

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