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v3.26.1

Revenues (Tables) | 6 Months Ended
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Apr. 03, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Disaggregated revenues by customer-type were as follows:
|  | Three Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Department of War and U.S. Intelligence Community |  | $ | 816 |  |  | $ | 1,065 |  |  | $ | 1,881 |  |  | $ | 738 |  |  | $ | 1,070 |  |  | $ | 1,808 |
Other U.S. Government Agencies |  | 421 |  | 485 |  | 906 |  | 405 |  | 585 |  | 990 |
Commercial and International |  | 231 |  | 460 |  | 691 |  |  | 197 |  | 496 |  | 693
Total revenues |  | $ | 1,468 |  |  | $ | 2,010 |  |  | $ | 3,478 |  |  | $ | 1,340 |  |  | $ | 2,151 |  |  | $ | 3,491 |
|  | Six Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Department of War and U.S. Intelligence Community |  | $ | 1,527 |  |  | $ | 2,090 |  |  | $ | 3,617 |  |  | $ | 1,460 |  |  | $ | 2,116 |  |  | $ | 3,576 |
Other U.S. Government Agencies |  | 821 |  |  | 933 |  |  | 1,754 |  |  | 821 |  | 1,185 |  |  | 2,006 |
Commercial and International |  | 457 |  | 887 |  |  | 1,344 |  |  | 345 |  | 980 |  | 1325
Total revenues |  | $ | 2,805 |  |  | $ | 3,910 |  |  | $ | 6,715 |  |  | $ | 2,626 |  |  | $ | 4,281 |  |  | $ | 6,907 |
Disaggregated revenues by contract-type were as follows:
|  | Three Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Cost-plus-fee |  | $ | 883 |  |  | $ | 1,104 |  |  | $ | 1,987 |  |  | $ | 861 |  |  | $ | 1,388 |  |  | $ | 2,249 |
Fixed-price |  | 402 |  | 580 |  | 982 |  | 331 |  | 476 |  | 807 |
Time-and-materials |  | 183 |  | 326 |  | 509 |  |  | 148 |  | 287 |  | 435 |
Total revenues |  | $ | 1,468 |  |  | $ | 2,010 |  |  | $ | 3,478 |  |  | $ | 1,340 |  |  | $ | 2,151 |  |  | $ | 3,491 |
|  | Six Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Cost-plus-fee |  | $ | 1,669 |  |  | $ | 2,163 |  |  | $ | 3,832 |  |  | $ | 1,646 |  |  | $ | 2,769 |  |  | $ | 4,415 |
Fixed-price |  | 782 |  |  | 1,128 |  |  | 1,910 |  |  | 690 |  |  | 948 |  |  | 1,638 |
Time-and-materials |  | 354 |  | 619 |  | 973 |  |  | 290 |  | 564 |  | 854 |
Total revenues |  | $ | 2,805 |  |  | $ | 3,910 |  |  | $ | 6,715 |  |  | $ | 2,626 |  |  | $ | 4,281 |  |  | $ | 6,907 |
Disaggregated revenues by prime contractor versus subcontractor were as follows:
|  | Three Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Prime contractor |  | $ | 1,381 |  |  | $ | 1,762 |  |  | $ | 3,143 |  |  | $ | 1,215 |  |  | $ | 1,885 |  |  | $ | 3,100 |
Subcontractor |  | 87 |  |  | 248 |  |  | 335 |  |  | 125 |  | 266 |  | 391 |
Total revenues |  | $ | 1,468 |  |  | $ | 2,010 |  |  | $ | 3,478 |  |  | $ | 1,340 |  |  | $ | 2,151 |  |  | $ | 3,491 |
|  | Six Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
Prime contractor |  | $ | 2,640 |  |  | $ | 3,407 |  |  | $ | 6,047 |  |  | $ | 2,379 |  |  | $ | 3,763 |  |  | $ | 6,142 |
Subcontractor |  | 165 |  | 503 |  | 668 |  |  | 247 |  | 518 |  | 765 |
Total revenues |  | $ | 2,805 |  |  | $ | 3,910 |  |  | $ | 6,715 |  |  | $ | 2,626 |  |  | $ | 4,281 |  |  | $ | 6,907 |
Revenues by geographic location are reported by the country in which the work is performed and were as follows:
|  | Three Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
United States |  | $ | 1,408 |  |  | $ | 1,300 |  |  | $ | 2,708 |  |  | $ | 1,285 |  |  | $ | 1,300 |  |  | $ | 2,585 |
International |  | 60 |  | 710 |  | 770 |  |  | 55 |  |  | 851 |  |  | 906 |
Total revenues |  | $ | 1,468 |  |  | $ | 2,010 |  |  | $ | 3,478 |  |  | $ | 1,340 |  |  | $ | 2,151 |  |  | $ | 3,491 |
|  | Six Months Ended
|  | April 3, 2026 |  | March 28, 2025
(Amounts in millions) |  | DS |  | GES |  | Total |  | DS |  | GES |  | Total
United States |  | $ | 2,692 |  |  | $ | 2,506 |  |  | $ | 5,198 |  |  | $ | 2,507 |  |  | $ | 2,563 |  |  | $ | 5,070 |
International |  | 113 |  | 1,404 |  |  | 1,517 |  |  | 119 |  |  | 1,718 |  |  | 1,837 |
Total revenues |  | $ | 2,805 |  |  | $ | 3,910 |  |  | $ | 6,715 |  |  | $ | 2,626 |  |  | $ | 4,281 |  |  | $ | 6,907 |
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:
| Three Months Ended |  | Six Months Ended
(Amounts in millions) | April 3, 2026 |  | March 28, 2025 |  | April 3, 2026 |  | March 28, 2025
Favorable earnings at completion adjustments | $ | 72 |  |  | $ | 48 |  |  | $ | 119 |  |  | $ | 68 |
Unfavorable earnings at completion adjustments | (50) |  |  | (27) |  |  | (74) |  |  | (40) |
Net favorable adjustments | $ | 22 |  |  | $ | 21 |  |  | $ | 45 |  |  | $ | 28 |
Impact on diluted earnings per share attributable to common shareholders (1) | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.15 |  |  | $ | 0.09 |
(1) The impact on diluted earnings per share attributable to common shareholders is calculated using our statutory tax rate. The Company's contract balances consisted of the following (in millions):
|  |  |  | As of
Description of Contract Related Balance |  | Classification |  | April 3, 2026 |  | October 3, 2025
Billed and billable receivables |  | Accounts receivable, net |  | $ | 1,439 |  |  | $ | 1,514 |
Contract assets |  | Accounts receivable, net |  | 999 |  |  | 902 |
Related party receivables |  | Accounts receivable, net |  | 58 |  |  | 63 |
Long-term contract assets |  | Other long-term assets |  | — |  |  | 90 |
Related party contract liabilities - deferred revenues and other contract liabilities |  | Contract liabilities |  | (11) |  |  | (15) |
Contract liabilities - deferred revenues and other contract liabilities |  | Contract liabilities |  | (169) |  |  | (212) |

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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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- 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
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