Business Combinations (Tables)

12 Months Ended

Oct. 02, 2020

Business Combinations [Abstract]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following summarizes the fair values of John Wood Group's assets acquired and liabilities assumed as of the acquisition date (in millions):     

Assets
Cash and cash equivalents	$	24.3
Receivables	75.9
Other current assets	5.2
Property, equipment and improvements, net	8.3
Goodwill	205.8
Identifiable intangible assets	80.0
Miscellaneous	19.4
Total Assets	$	418.9
Liabilities
Accounts payable, accrued expenses and other current liabilities	$	71.8
Long term liabilities	29.2
Total Liabilities	101.0
Net assets acquired	$	317.9

The following summarizes the fair values of KeyW assets and acquired liabilities assumed as of the acquisition date (in millions):

Assets
Cash and cash equivalents	$	29.1
Receivables	79.1
Inventories, net	19.3
Prepaid expenses and other	2.4
Property, equipment and improvements, net	24.5
Deferred tax asset and other	37.8
Goodwill	615.6
Identifiable intangible assets	179.0
Total Assets	$	986.8
Liabilities
Accounts payable	$	8.3
Accrued expenses	69.1
Short term debt	298.4
Other current liabilities	3.9
Other non-current liabilities	2.9
Total Liabilities	382.6
Net assets acquired	$	604.2

The following summarizes the estimated fair values of CH2M assets acquired and liabilities assumed as of the acquisition date (in millions):

Assets
Cash and cash equivalents	$	315.2
Receivables	1,120.6
Prepaid expenses and other	72.7
Property, equipment and improvements, net	175.1
Goodwill	3,165.5
Identifiable intangible assets:
Customer relationships, contracts and backlog	412.3
Lease intangible assets	4.4
Total identifiable intangible assets	416.7
Miscellaneous	530.8
Total Assets	$	5,796.6
Liabilities
Notes payable	$	2.2
Accounts payable	309.6
Accrued liabilities	787.4
Contract liabilities	260.8
Identifiable intangible liabilities:
Lease intangible liabilities	9.6
Long-term debt	706.0
Other deferred liabilities	659.0
Total Liabilities	$	2,734.6
Noncontrolling interests	(37.3)
Net assets acquired	$	3,024.7

Schedule of Transaction Costs Associated with Acquisition

Transaction costs associated with the CH2M acquisition in the accompanying consolidated statements of earnings for the year ended September 28, 2018 are comprised of the following (in millions):

	For the Year Ended
	September 28, 2018
Personnel costs	$	50.2
Professional services and other expenses	27.5
Total	$	77.7

Summary of Unaudited Proforma Operating Results

These pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the related events occurred on such date (in millions, except per share data):

	For the Year Ended
	September 27, 2019
Revenues	$	13,068.7
Net earnings of the Group from Continuing Operations	$	326.0
Net earnings (loss) attributable to Jacobs from continuing operations	$	303.0
Net earnings (loss) attributable to Jacobs from continuing operations per share:
Basic earnings (loss) from continuing operations per share	$	2.19
Diluted earnings (loss) from continuing operations per share	$	2.17

The following presents summarized unaudited pro forma operating results assuming that the Company had acquired CH2M at October 1, 2016. These pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the related events occurred (in millions). Additionally, these pro forma operating results have not been recast for the sale of our ECR business.

	For the Year Ended
	September 28, 2018
Revenues	$	16,012.4
Net earnings	$	196.3
Net earnings (loss) attributable to Jacobs	$	184.5
Net earnings (loss) attributable to Jacobs per share:
Basic earnings (loss) per share	$	1.28
Diluted earnings (loss) per share	$	1.27