Composition of Certain Financial Statement Captions

12 Months Ended

Oct. 03, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of Certain Financial Statement Captions

Composition of Certain Financial Statement Captions

The following tables present financial information of certain consolidated balance sheet captions.

Prepaid expenses and other current assets

	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Prepaid expenses	$	87	$	81
Prepaid taxes	57		47
Prepaid supplies and materials	18		23
Other current assets	35		80
Total prepaid expenses and other current assets	$	197	$	231

Property and equipment, net

		As of
(Amounts in millions)	Useful Lives	October 3, 2025		September 27, 2024
Aircraft	5 to 10 years	$	13	$	13
Buildings	20 to 40 years	14		14
Computers and related equipment	1 to 5 years	37		34
Finance lease right-of-use assets	Shorter of lease term or useful life	20		20
Leasehold improvements	Shorter of lease term or useful life	38		42
Office furniture and fixtures	1 to 7 years	10		19
Vehicles and equipment	1 to 10 years	92		80
Gross property and equipment		224		222
Less accumulated depreciation		(110)		(78)
Total property and equipment, net		$	114	$	144

Depreciation expense was $40 million, $23 million and $27 million for the years ended October 3, 2025, September 27, 2024 and September 29, 2023, respectively. As of October 3, 2025, September 27, 2024 and September 29, 2023, Property and equipment, net, also included the accrual for property additions in accounts payable of $3 million, $1 million and $2 million, respectively.

Accrued compensation and benefits

	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Wages, compensation and other benefits	$	448	$	421
Accrued vacation	257		275
Total accrued compensation and benefits	$	705	$	696

Other current liabilities

	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Contract losses	$	170	$	61
Current portion of operating lease liabilities	67		67
MARPA payable	49		39
Reserves	46		50
Customer payables	42		33
Income tax payable	13		17
Accrued other taxes	36		42
Other	65		47
Total other current liabilities	$	488	$	356

Other long-term liabilities

	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Operating lease liabilities	$	157	$	193
Reserves	113		185
Other	55		66
Total other long-term liabilities	$	325	$	444