Discontinued Operations (Tables)

12 Months Ended

Sep. 27, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The following table represents earnings from discontinued operations, net of tax (in thousands):

	For the Years Ended
	September 27, 2024		September 29, 2023		September 30, 2022
Revenues	$	5,472,979	$	5,500,994	$	5,139,752
Direct cost of contracts	(4,692,921)		(4,738,539)		(4,392,670)
Gross profit	780,058		762,455		747,082
Selling, general and administrative expense (1)	(479,582)		(363,703)		(369,116)
Operating Profit	300,476		398,752		377,966
Other (expense) income, net (2)	(3,301)		(3,049)		20,883
Earnings Before Taxes from Discontinued Operations	297,175		395,703		398,849
Income Tax Expense	(89,737)		(94,845)		(94,574)
Net Earnings of the Group from Discontinued Operations	207,438		300,858		304,275
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations	(13,561)		(13,365)		(14,368)
Net Earnings Attributable to Jacobs from Discontinued Operations	$	193,877	$	287,493	$	289,907

(1)The increase in selling, general and administrative expense in the year ended September 27, 2024, is primarily related to professional services and other Separation Transaction related expenses of $97.6 million.

(2)The year ended September 30, 2022, included a $13.9 million gain related to a cost method investment sold during the period and a $4 million true-up related to the wind down and full impairment of AWE Management Ltd.

The following tables represent the assets and liabilities held for spin (in thousands):

	September 29, 2023
Cash and cash equivalents	$	155,728
Accounts receivables and contract assets	1,127,865
Prepaid expenses and other	64,240
Current assets held for spin	$	1,347,833

Property, Equipment and Improvements, net	$	77,283
Goodwill	2,699,439
Intangibles, net	321,159
Deferred income tax assets	175
Operating lease right-of-use assets	89,527
Miscellaneous	67,949
Noncurrent assets held for spin	$	3,255,532

Accounts payable	$	221,448
Accrued liabilities	326,450
Operating lease liability	25,831
Contract liabilities	54,359
Current liabilities held for spin	$	628,088

Liabilities relating to defined benefit pension and retirement plans	$	11,263
Deferred income tax liabilities	99,802
Long-term operating lease liability	77,122
Other deferred liabilities	8,260
Noncurrent liabilities held for spin	$	196,447

Notable components included in our Consolidated Statements of Cash Flows for these discontinued operations are as follows (in thousands):

	For the Years Ended
	September 27, 2024		September 29, 2023
Depreciation and amortization:
Property, equipment and improvements	$	16,245	$	19,075
Intangible assets	$	56,839	$	56,675
Deferred income taxes	$	(106,424)	$	(5,297)
Additions to property and equipment	$	(13,067)	$	(26,448)