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Acquisitions (Tables)
 12 Months Ended
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 shareholders142 
Per share price of Amentum Holdings, Inc. common stock25.67 
Fair value of common stock issued to CMS shareholders1
3,654 
Fair value of additional equity consideration issued to CMS shareholders2
281 
Other consideration3
6 
Fair value of consideration transferred3,941 
Fair value of previously held equity interest4
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 receivable1,043 
Prepaid expenses and other current assets82 
Property and equipment72 
Equity method investments17 
Goodwill2,665 
Intangible assets1,860 
Other long-term assets107 
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, 2024September 29, 2023
Revenues$13,858 $13,371 
Net income (loss) attributable to common shareholders145 (170)