Other Financial Information

12 Months Ended

Sep. 29, 2023

Other Financial Information [Abstract]

Other Financial Information

Other Financial Information

Receivables and contract assets

The following table presents the components of receivables and contract assets appearing in the accompanying Consolidated Balance Sheets at September 29, 2023 and September 30, 2022 as well as certain other related information (in thousands):

	September 29, 2023		September 30, 2022
Components of receivables:
Amounts billed, net	$	1,457,333	$	1,400,088
Unbilled receivables and other	1,442,486		1,523,249
Contract assets	658,987		482,044
Total receivables and contract assets, net	$	3,558,806	$	3,405,381
Other information about receivables:
Amounts due from the United States federal government included above, net of contract liabilities	$	802,566	$	749,323

Property, Equipment and Improvements, Net

The following table presents the components of our property, equipment and improvements, net at September 29, 2023 and September 30, 2022 (in thousands):

	September 29, 2023		September 30, 2022
Land	$	477	$	478
Buildings	62,380		46,244
Equipment	719,167		643,805
Leasehold improvements	190,257		179,187
Construction in progress	28,355		34,880
	1,000,636		904,594
Accumulated depreciation and amortization	(643,604)		(557,918)
	$	357,032	$	346,676

The following table presents our property, equipment and improvements, net by geographic area for the years ended September 29, 2023 and September 30, 2022 (in thousands):

	For the Years Ended
	September 29, 2023		September 30, 2022
Property, equipment and improvements, net:
United States	$	203,358	$	226,639
Europe	108,587		87,331
Canada	4,812		5,210
Asia	3,775		2,578
India	12,583		9,659
Australia and New Zealand	15,406		13,211
Middle East and Africa	8,511		2,048
Total	$	357,032	$	346,676

See discussion in Note 10- Leases, regarding impairments recorded in the years ended September 29, 2023 and September 30, 2022 relating to the Company's real estate lease portfolio and related property, equipment and improvements, net. 

Accrued Liabilities

The following table presents the components of accrued liabilities shown in the accompanying Consolidated Balance Sheets at September 29, 2023 and September 30, 2022 (in thousands):

	September 29, 2023		September 30, 2022
Accrued payroll and related liabilities	$	842,815	$	947,547
Project-related accruals	27,814		28,178
Non project-related accruals and other	222,938		279,062
Insurance liabilities	63,536		63,183
Sales and other similar taxes	110,199		93,500
Dividends payable	34,342		30,292
Total	$	1,301,644	$	1,441,762

Accumulated Other Comprehensive Income (Loss)

The following table presents the Company's roll forward of accumulated income (loss) after-tax for the years ended September 29, 2023 and September 30, 2022 (in thousands):

	Change in Pension and Retiree Medical Plan Liabilities		Foreign Currency Translation Adjustment (1)		Gain/(Loss) on Cash Flow Hedges (2)		Total
Balance at October 1, 2021	$	(394,561)	$	(407,240)	$	7,359	$	(794,442)
Other comprehensive income (loss)	87,034		(378,800)		108,555		(183,211)
Reclassifications from other comprehensive income (loss)	132		—		2,391		2,523
Balance at September 30, 2022	$	(307,395)	$	(786,040)	$	118,305	$	(975,130)
Other comprehensive income (loss)	(18,485)		150,103		15,006		146,624
Reclassifications from other comprehensive income (loss)	188		—		(29,636)		(29,448)
Balance at September 29, 2023	$	(325,692)	$	(635,937)	$	103,675	$	(857,954)

(1)Included in the overall foreign currency translation adjustment for the years ended September 29, 2023 and September 30, 2022 is $(67.5) million and $144.3 million, respectively, in unrealized gains (losses) on long-term foreign currency denominated intercompany loans not anticipated to be settled in the foreseeable future.

(2)Included in the Company’s cumulative net unrealized gains from interest rate swaps recorded in accumulated other comprehensive income as of September 29, 2023 were approximately $22.6 million in unrealized gains, net of taxes, which are expected to be realized in earnings during the twelve months subsequent to September 29, 2023.