Goodwill and Intangibles

12 Months Ended

Sep. 27, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Goodwill and Intangibles

As a result of the Separation Transaction, the historical carrying value of the goodwill associated with the Disposal Group is now reported as held for spin as of September 29, 2023. The remaining historical carrying value of goodwill for the Divergent Solutions business was realigned into the Infrastructure & Advanced Facilities operating segment based on a relative fair value basis. The carrying value of goodwill associated with continuing operations and appearing in the accompanying Consolidated Balance Sheets September 27, 2024 and September 29, 2023 was as follows (in thousands):

	Infrastructure & Advanced Facilities		PA Consulting		Total
Balance September 29, 2023	$	3,349,451	$	1,294,636	$	4,644,087
Foreign currency translation and other	13,309		130,785		144,094
Balance September 27, 2024	$	3,362,760	$	1,425,421	$	4,788,181

The following table provides certain information related to the Company’s acquired intangibles in the accompanying Consolidated Balance Sheets for the year ended September 27, 2024 (in thousands):

	Customer Relationships, Contracts and Backlog		Developed Technology		Trade Names		Total
Balances, September 29, 2023	$	732,667	$	43,411	$	174,706	$	950,784
Amortization	(127,175)		(12,091)		(13,401)		(152,667)
Acquired	—		—		14,000		14,000
Foreign currency translation and other	46,402		195		16,180		62,777
Balances, September 27, 2024	$	651,894	$	31,515	$	191,485	$	874,894
Weighted Average Amortization Period (years)	7		4		16		8

The weighted average amortization period includes the effects of foreign currency translation.

The following table presents estimated amortization expense of intangible assets for fiscal 2025 and for the succeeding years.

Fiscal Year	(in millions)
2025	$	158.4
2026	138.7
2027	108.6
2028	98.2
2029	98.2
Thereafter	272.8
Total	$	874.9