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Revenues | 12 Months Ended
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Sep. 27, 2024
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Disaggregation of Revenues The Company disaggregates revenues by customer, contract type, prime contractor versus subcontractor, and geographic location. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected. Disaggregated revenues by customer-type were as follows:
|  | For the years ended
(Amounts in millions) |  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Department of Defense and U.S. Intelligence Community |  | $ | 5,603 |  |  | $ | 5,265 |  |  | $ | 5,384 |
Other U.S. Government Agencies |  | 1,984 |  |  | 1,867 |  |  | 1,802 |
Commercial and International |  | 801 |  |  | 733 |  |  | 490 |
Total revenues |  | $ | 8,388 |  |  | $ | 7,865 |  |  | $ | 7,676 |
Disaggregated revenues by contract-type were as follows:
|  | For the years ended
(Amounts in millions) |  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Cost-plus-fee |  | $ | 5,198 |  |  | $ | 4,941 |  |  | $ | 5,256 |
Fixed-price |  | 2,226 |  |  | 2,089 |  |  | 1,777 |
Time-and-materials |  | 964 |  |  | 835 |  |  | 643 |
Total revenues |  | $ | 8,388 |  |  | $ | 7,865 |  |  | $ | 7,676 |
Disaggregated revenues by prime contractor versus subcontractor were as follows:
|  | For the years ended
(Amounts in millions) |  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Prime contractor |  | $ | 7,510 |  |  | $ | 6,958 |  |  | $ | 6,879 |
Subcontractor |  | 878 |  |  | 907 |  |  | 797 |
Total revenues |  | $ | 8,388 |  |  | $ | 7,865 |  |  | $ | 7,676 |
Revenues by geographic location are reported by the country in which the work is performed and were as follows:
|  | For the years ended
(Amounts in millions) |  | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
United States |  | $ | 6,055 |  |  | $ | 5,748 |  |  | $ | 5,908 |
International |  | 2,333 |  |  | 2,117 |  |  | 1,768 |
Total revenues |  | $ | 8,388 |  |  | $ | 7,865 |  |  | $ | 7,676 |
Changes in Estimates on Contracts Changes in estimated contract earnings at completion using the cumulative catch-up method of accounting were recognized in revenues as follows:
| For the years ended
(Amounts in millions) | September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Favorable earnings at completion adjustments | $ | 83 |  |  | $ | 88 |  |  | $ | 75 |
Unfavorable earnings at completion adjustments | (38) |  |  | (46) |  |  | (27) |
Net favorable adjustments | $ | 45 |  |  | $ | 42 |  |  | $ | 48 |
Impact on diluted loss per share attributable to common shareholders (1) | $ | 0.40 |  |  | $ | 0.37 |  |  | $ | 0.42 |
(1) The impact on diluted loss per share attributable to common shareholders is calculated using our statutory rate. Remaining Performance Obligations The Company’s remaining performance obligations balance represents the expected revenues to be recognized for the satisfaction of remaining performance obligations on existing contracts. This balance excludes unexercised contract option years and task orders that may be issued as part of an indefinite delivery, indefinite quantity contract. The remaining performance obligations balance as of September 27, 2024 and September 29, 2023 was $12.9 billion and $6.2 billion, respectively. As of September 27, 2024, the Company expects to recognize approximately 60% and 80% of the remaining performance obligations balance as revenues over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter. Contract Balances The Company's contract balances consisted of the following (in millions):
|  |  |  | As of
Description of Contract Related Balance |  | Classification |  | September 27, 2024 |  | September 29, 2023
Billed and billable receivables |  | Accounts receivable, net |  | $ | 1,378 |  |  | $ | 825 |
Contract assets |  | Accounts receivable, net |  | 986 |  |  | 581 |
Related party receivables |  | Accounts receivable, net |  | 37 |  |  | 34 |
Long-term contract assets |  | Other long-term assets |  | 138 |  |  | 138 |
Contract liabilities - deferred revenues and other contract liabilities |  | Contract liabilities |  | (113) |  |  | (120) |
Contract assets primarily relate to accruals for reimbursable costs and fees in which our right to consideration is conditional. Long-term contract assets relate to a prior acquisition and are discussed further in Note 22 — Legal Proceedings and Commitments and Contingencies. The Company recognized revenues of $98 million and $60 million during the years ended September 27, 2024 and September 29, 2023, respectively, that was included in Contract liabilities as of September 29, 2023 and September 30, 2022, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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