XML 60 R45.htm IDEA: XBRL DOCUMENT

Joint Ventures (Tables)

12 Months Ended

Oct. 03, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Selected Financial Information for our Consolidated Joint Ventures VIEs

The following table presents selected financial information for our consolidated joint ventures that are VIEs as of October 3, 2025 and September 27, 2024:


	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Cash and cash equivalents	$	167	$	160
Current assets	191		322
Non-current assets	—		2
Total assets	$	358	$	484

Current liabilities	$	146	$	190
Non-current liabilities	—		1
Total liabilities	146		191

Total Amentum equity	153		228
Non-controlling interests	59		65
Total equity	212		293
Total liabilities and equity	$	358	$	484

The following table presents selected financial information for our consolidated joint ventures that are VIEs for the years ended October 3, 2025, September 27, 2024 and September 29, 2023:


	For the years ended
(Amounts in millions)	October 3, 2025		September 27, 2024		September 29, 2023
Revenues	$	1,489	$	370	$	334
Cost of revenues	(1,371)		(337)		(281)
Net income including non-controlling interests	108		29		50

The following table presents selected financial information for our unconsolidated joint ventures, included as equity method investments on the consolidated balance sheets, as of October 3, 2025 and September 27, 2024:


	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Current assets	$	1,120	$	701
Non-current assets	49		43
Total assets	$	1,169	$	744

Current liabilities	$	740	$	422
Non-current liabilities	17		16
Total liabilities	757		438
Joint ventures' equity	412		306
Total liabilities and joint ventures' equity	$	1,169	$	744

The following table presents selected financial information for our equity method investments for the years ended October 3, 2025, September 27, 2024 and September 29, 2023:


	For the years ended
(Amounts in millions)	October 3, 2025		September 27, 2024		September 29, 2023
Revenues	$	3,603	$	2,634	$	2,373
Cost of revenues	(3,357)		(2,442)		(2,215)
Net income including non-controlling interests	207		183		152

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details