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Revenues (Tables)

12 Months Ended

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)

X

- 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

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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

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- References

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