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Joint Ventures (Tables)

12 Months Ended

Sep. 27, 2024

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 September 27, 2024 and September 29, 2023:


	As of
(Amounts in millions)	September 27, 2024		September 29, 2023
Cash and cash equivalents	$	160	$	55
Current assets	322		56
Non-current assets	2		4
Total assets	$	484	$	115

Current liabilities	$	190	$	44
Non-current liabilities	1		2
Total liabilities	191		46

Total Amentum equity	228		44
Non-controlling interests	65		25
Total equity	293		69
Total liabilities and equity	$	484	$	115

The following table presents selected financial information for our consolidated joint ventures that are VIEs for the years ended September 27, 2024, September 29, 2023 and September 30, 2022:


	For the years ended
(Amounts in millions)	September 27, 2024		September 29, 2023		September 30, 2022
Revenues	$	370	$	334	$	653
Cost of revenues	(337)		(281)		(589)
Net income	29		50		64

The following table presents selected financial information for our unconsolidated joint ventures, included as equity method investments on the consolidated balance sheets, as of September 27, 2024 and September 29, 2023:


	As of
(Amounts in millions)	September 27, 2024		September 29, 2023
Current assets	$	701	$	572
Non-current assets	43		45
Total assets	$	744	$	617

Current liabilities	$	422	$	351
Non-current liabilities	16		17
Total liabilities	438		368
Joint ventures' equity	306		249
Total liabilities and joint ventures' equity	$	744	$	617

The following table presents selected financial information for our equity method investments for the years ended September 27, 2024, September 29, 2023 and September 30, 2022:


	For the years ended
(Amounts in millions)	September 27, 2024		September 29, 2023		September 30, 2022
Revenues	$	2,634	$	2,373	$	1,792
Cost of revenues	(2,442)		(2,215)		(1,718)
Net income	183		152		66

- 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.

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