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Revenues (Tables) | 12 Months Ended
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Sep. 27, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | 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 |
Schedule of Changes in Estimated Contract Earnings | 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. 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) |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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