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Contract Balances (Tables)

12 Months Ended

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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- References

No definition available.

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