XML 50 R35.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenues (Tables) | 12 Months Ended
--- | ---
Oct. 03, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Disaggregated revenues by customer-type were as follows:
| For the years ended
| October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
(Amounts in millions) | DS |  | GES |  | Total |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Department of War and U.S. Intelligence Community | $ | 3,222 |  |  | $ | 4,456 |  |  | $ | 7,678 |  |  | $ | 1,509 |  |  | $ | 4,094 |  |  | $ | 5,603 |  |  | $ | 1,474 |  |  | $ | 3,791 |  |  | $ | 5,265 |
Other U.S. Government Agencies | 1,607 |  |  | 2,387 |  |  | 3,994 |  |  | 386 |  |  | 1,598 |  |  | 1,984 |  |  | 341 |  |  | 1,526 |  |  | 1,867 |
Commercial and International | 714 |  |  | 2,007 |  |  | 2,721 |  |  | 86 |  |  | 715 |  |  | 801 |  |  | 84 |  |  | 649 |  |  | 733 |
Total revenues | $ | 5,543 |  |  | $ | 8,850 |  |  | $ | 14,393 |  |  | $ | 1,981 |  |  | $ | 6,407 |  |  | $ | 8,388 |  |  | $ | 1,899 |  |  | $ | 5,966 |  |  | $ | 7,865 |
Disaggregated revenues by contract-type were as follows:
| For the years ended
| October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
(Amounts in millions) | DS |  | GES |  | Total |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Cost-plus-fee | $ | 3,557 |  |  | $ | 5,426 |  |  | $ | 8,983 |  |  | $ | 964 |  |  | $ | 4,234 |  |  | $ | 5,198 |  |  | $ | 875 |  |  | $ | 4,066 |  |  | $ | 4,941 |
Fixed-price | 1,422 |  |  | 2,067 |  |  | 3,489 |  |  | 650 |  |  | 1,576 |  |  | 2,226 |  |  | 667 |  |  | 1,422 |  |  | 2,089 |
Time-and-materials | 564 |  |  | 1,357 |  |  | 1,921 |  |  | 367 |  |  | 597 |  |  | 964 |  |  | 357 |  |  | 478 |  |  | 835 |
Total revenues | $ | 5,543 |  |  | $ | 8,850 |  |  | $ | 14,393 |  |  | $ | 1,981 |  |  | $ | 6,407 |  |  | $ | 8,388 |  |  | $ | 1,899 |  |  | $ | 5,966 |  |  | $ | 7,865 |
Disaggregated revenues by prime contractor versus subcontractor were as follows:
| For the years ended
| October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
(Amounts in millions) | DS |  | GES |  | Total |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Prime contractor | $ | 5,069 |  |  | $ | 8,027 |  |  | $ | 13,096 |  |  | $ | 1,772 |  |  | $ | 5,738 |  |  | $ | 7,510 |  |  | $ | 1,722 |  |  | $ | 5,236 |  |  | $ | 6,958 |
Subcontractor | 474 |  |  | 823 |  |  | 1,297 |  |  | 209 |  |  | 669 |  |  | 878 |  |  | 177 |  |  | 730 |  |  | 907 |
Total revenues | $ | 5,543 |  |  | $ | 8,850 |  |  | $ | 14,393 |  |  | $ | 1,981 |  |  | $ | 6,407 |  |  | $ | 8,388 |  |  | $ | 1,899 |  |  | $ | 5,966 |  |  | $ | 7,865 |
Revenues by geographic location are reported by the country in which the work is performed and were as follows:
| For the years ended
| October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
(Amounts in millions) | DS |  | GES |  | Total |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
United States | $ | 5,304 |  |  | $ | 5,442 |  |  | $ | 10,746 |  |  | $ | 1,679 |  |  | $ | 4,376 |  |  | $ | 6,055 |  |  | $ | 1,544 |  |  | $ | 4,204 |  |  | $ | 5,748 |
International | 239 |  |  | 3,408 |  |  | 3,647 |  |  | 302 |  |  | 2,031 |  |  | 2,333 |  |  | 355 |  |  | 1,762 |  |  | 2,117 |
Total revenues | $ | 5,543 |  |  | $ | 8,850 |  |  | $ | 14,393 |  |  | $ | 1,981 |  |  | $ | 6,407 |  |  | $ | 8,388 |  |  | $ | 1,899 |  |  | $ | 5,966 |  |  | $ | 7,865 |
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) | October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
Favorable earnings at completion adjustments | $ | 126 |  |  | $ | 83 |  |  | $ | 88 |
Unfavorable earnings at completion adjustments | (67) |  |  | (38) |  |  | (46) |
Net favorable adjustments | $ | 59 |  |  | $ | 45 |  |  | $ | 42 |
Impact on diluted earnings (loss) per share attributable to common shareholders (1) | $ | 0.19 |  |  | $ | 0.40 |  |  | $ | 0.37 |
(1) The impact on diluted earnings (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 |  | October 3, 2025 |  | September 27, 2024
Billed and billable receivables |  | Accounts receivable, net |  | $ | 1,514 |  |  | $ | 1,378 |
Contract assets |  | Accounts receivable, net |  | 902 |  |  | 986 |
Related party receivables |  | Accounts receivable, net |  | 63 |  |  | 37 |
Long-term contract assets |  | Other long-term assets |  | 90 |  |  | 138 |
Related party contract liabilities - deferred revenues and other contract liabilities |  | Contract liabilities |  | (15) |  |  | — |
Contract liabilities - deferred revenues and other contract liabilities |  | Contract liabilities |  | (212) |  |  | (113) |

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 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration