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Other Financial Information
12 Months Ended
Sep. 29, 2017
Other Financial Information [Abstract]  
Other Financial Information

14. Other Financial Information

Receivables

The following table presents the components of “Receivables” as shown in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 as well as certain other related information (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Amounts billed, net

 

$

949,060

 

 

$

1,110,042

 

Unbilled receivables and other

 

 

1,118,144

 

 

 

937,552

 

Retentions receivable

 

 

35,339

 

 

 

68,069

 

Total receivables, net

 

$

2,102,543

 

 

$

2,115,663

 

Other information about receivables:

 

 

 

 

 

 

 

 

Amounts due from the United States federal

   government included above, net of advanced

   billings

 

$

226,236

 

 

$

235,203

 

Claims receivable

 

$

4,600

 

 

$

26,061

 

 

Billed receivables, net consist of amounts invoiced to clients in accordance with the terms of the client contracts and are shown net of an allowance for doubtful accounts. We anticipate that substantially all of such billed amounts will be collected over the next twelve months.

Unbilled receivables and retentions receivable represent reimbursable costs and amounts earned and reimbursable under contracts in progress as of the respective balance sheet dates. Such amounts become billable according to the contract terms, which usually consider the passage of time, achievement of certain milestones or completion of the project. We anticipate that substantially all of such unbilled amounts will be billed and collected over the next twelve months.

Claims receivable are included in “Receivables” in the accompanying Consolidated Balance Sheets and represent certain costs incurred on contracts to the extent it is probable that such claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated.

Property, Equipment, and Improvements, Net

The following table presents the components of our property, equipment, and improvements, net at September 29, 2017 and September 30, 2016 (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Land

 

$

17,197

 

 

$

16,680

 

Buildings

 

 

93,313

 

 

 

91,194

 

Equipment

 

 

627,609

 

 

 

531,539

 

Leasehold improvements

 

 

220,295

 

 

 

221,437

 

Construction in progress

 

 

21,300

 

 

 

36,764

 

 

 

 

979,714

 

 

 

897,614

 

Accumulated depreciation and amortization

 

 

(629,803

)

 

 

(577,941

)

 

 

$

349,911

 

 

$

319,673

 

 

Miscellaneous Noncurrent Assets

The following table presents the components of “Miscellaneous noncurrent assets” shown in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Deferred income taxes

 

$

368,700

 

 

$

413,563

 

Cash surrender value of life insurance policies

 

 

130,411

 

 

 

122,364

 

Investments

 

 

145,069

 

 

 

178,256

 

Notes receivable

 

 

17,839

 

 

 

18,303

 

Other

 

 

30,003

 

 

 

26,843

 

Total

 

$

692,022

 

 

$

759,329

 

 

 

Accrued Liabilities

The following table presents the components of “Accrued liabilities” shown in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Accrued payroll and related liabilities

 

$

572,946

 

 

$

561,652

 

Project-related accruals

 

 

71,815

 

 

 

102,400

 

Non project-related accruals

 

 

68,025

 

 

 

87,813

 

Insurance liabilities

 

 

67,546

 

 

 

54,984

 

Sales and other similar taxes

 

 

32,163

 

 

 

37,029

 

Deferred rent

 

 

60,593

 

 

 

69,059

 

Dividends payable

 

 

18,180

 

 

 

 

Other

 

 

48,419

 

 

 

25,441

 

Total

 

$

939,687

 

 

$

938,378

 

 

Other Deferred Liabilities

The following table presents the components of “Other deferred liabilities” shown in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Liabilities relating to defined benefit pension and early

   retirement plans

 

$

254,483

 

 

$

402,955

 

Liabilities relating to nonqualified deferred compensation

   Arrangements

 

 

114,616

 

 

 

123,926

 

Deferred income taxes

 

 

177,765

 

 

 

156,494

 

Miscellaneous

 

 

185,417

 

 

 

178,449

 

Total

 

$

732,281

 

 

$

861,824

 

 

Total Accumulated Other Comprehensive Loss

The following table presents the components of “Accumulated other comprehensive loss” shown in the accompanying Consolidated Balance Sheets at September 29, 2017, and September 30, 2016 (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Foreign currency translation adjustments

 

$

(386,131

)

 

$

(245,603

)

Adjustments relating to defined benefit pension plans

 

 

(265,578

)

 

 

(364,625

)

Other

 

 

(1,805

)

 

 

(366

)

Total

 

$

(653,514

)

 

$

(610,594

)

 

Supplemental Cash Flow Information

During fiscal 2017 and fiscal 2016, the Company acquired businesses for cash of $150.2 million and cash and stock of $49.9 million, respectively. The following table presents the non-cash adjustments relating to these acquisitions made in preparing the accompanying Consolidated Statements of Cash Flows (in thousands):

 

 

 

September 29, 2017

 

 

September 30, 2016

 

Working capital

 

$

9,121

 

 

$

10,023

 

Property and equipment

 

 

912

 

 

 

879

 

Noncurrent assets

 

 

35,976

 

 

 

8,192

 

Deferred liabilities

 

 

(273

)

 

 

 

Goodwill

 

 

104,454

 

 

 

30,849