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Revenues
 12 Months Ended
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, 2024September 29, 2023September 30, 2022
Department of Defense and U.S. Intelligence Community$5,603 $5,265 $5,384 
Other U.S. Government Agencies1,984 1,867 1,802 
Commercial and International801 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, 2024September 29, 2023September 30, 2022
Cost-plus-fee$5,198 $4,941 $5,256 
Fixed-price2,226 2,089 1,777 
Time-and-materials964 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, 2024September 29, 2023September 30, 2022
Prime contractor$7,510 $6,958 $6,879 
Subcontractor878 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, 2024September 29, 2023September 30, 2022
United States$6,055 $5,748 $5,908 
International2,333 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, 2024September 29, 2023September 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 BalanceClassificationSeptember 27, 2024September 29, 2023
Billed and billable receivablesAccounts receivable, net$1,378 $825 
Contract assetsAccounts receivable, net986 581 
Related party receivablesAccounts receivable, net37 34 
Long-term contract assetsOther long-term assets138 138 
Contract liabilities - deferred revenues and other contract liabilitiesContract 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.