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Acquisitions (Tables) | 12 Months Ended
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Sep. 27, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Allocation of the Purchase Price | Under the acquisition method of accounting, total preliminary consideration exchanged for the CMS transaction was:
(In millions, except per share amounts) |  | September 27, 2024
Shares of Amentum Holdings, Inc. common stock issued to CMS shareholders |  | 142 |
Per share price of Amentum Holdings, Inc. common stock |  | 25.67 |
Fair value of common stock issued to CMS shareholders 1 |  | 3,654 |
Fair value of additional equity consideration issued to CMS shareholders 2 |  | 281 |
Other consideration 3 |  | 6 |
Fair value of consideration transferred |  | 3,941 |
Fair value of previously held equity interest 4 |  | 84 |
Total consideration |  | $ | 4,025 |
(1) Represents the fair value of consideration received by Jacobs shareholders to provide 58.5% ownership in the Company. (2) Represents the Additional Equity Consideration which is subject to the finalization of target operating profit metrics by CMS for the year ended September 27, 2024. (3) Represents other immaterial adjustments, including a) estimated equity consideration related to pre-combination share-based compensation awards, b) the settlement of CMS transaction costs paid by Amentum, and c) the removal of consideration related to the acquisition of non-controlling interests. (4) Prior to the Transaction, we held a non-controlling interest in a joint venture of 50% which was accounted for under the equity method of accounting, with the remaining 40% held by the CMS Business and 10% held by an unrelated third party. As a result of the Transaction, the Company gained a controlling financial interest in the joint venture and it became a consolidated joint venture of the Company. This joint venture acquisition was accounted for as a business combination achieved in stages. Our pre-existing equity method investment in the joint venture was remeasured at an acquisition date fair value of $170 million by using a discounted cash flow model based on estimated future revenues, margins and discount rates, among other variables and estimates. The Company’s previously held equity interest in the joint venture was remeasured to fair value, resulting in a gain of $69 million, which is included in gain on acquisition of controlling interest in our consolidated statements of operations. Additionally, as of the acquisition date, the Company had a payable from the joint venture with a fair value of $1 million that was settled in connection with the acquisition.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary allocation of the purchase price is as follows:
(Amounts in millions) |  | Preliminary Allocation of Purchase Price
Cash and cash equivalents |  | $ | 488 |
Accounts receivable |  | 1,043 |
Prepaid expenses and other current assets |  | 82 |
Property and equipment |  | 72 |
Equity method investments |  | 17 |
Goodwill |  | 2,665 |
Intangible assets |  | 1,860 |
Other long-term assets |  | 107 |
Current portion of long-term debt |  | (8) |
Accounts payable |  | (257) |
Accrued compensation and benefits |  | (285) |
Contract liabilities |  | (48) |
Other current liabilities |  | (98) |
Long-term debt, net of current portion |  | (1,122) |
Deferred tax liabilities |  | (353) |
Other long-term liabilities |  | (75) |
Non-controlling interests |  | (63) |
Total consideration |  | $ | 4,025 |
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information presents the combined results of operations for CMS and the Company for the pre-acquisition periods of the twelve months ended September 27, 2024 and September 29, 2023, respectively:
|  | For the years ended
(Amounts in millions) |  | September 27, 2024 |  | September 29, 2023
Revenues |  | $ | 13,858 |  |  | $ | 13,371 |
Net income (loss) attributable to common shareholders |  | 145 |  |  | (170) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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