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Contract Balances (Tables) | 12 Months Ended
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Sep. 27, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Balances | 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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