XML 27 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Receivables
6 Months Ended
Mar. 29, 2014
Receivables [Abstract]  
Receivables
Receivables
Receivables consist of:
 
 
March 29,
2014
 
September 28,
2013
Accounts receivable
 
$
336,370

 
$
328,038

Long-term contract receivables:
 
 
 
 
Amounts billed
 
126,403

 
133,149

Unbilled recoverable costs and accrued profits
 
320,575

 
337,520

Total long-term contract receivables
 
446,978

 
470,669

Other
 
15,261

 
17,168

Total receivables
 
798,609

 
815,875

Less allowance for doubtful accounts
 
(5,260
)
 
(4,499
)
Receivables
 
$
793,349

 
$
811,376



We securitize certain trade receivables in transactions that are accounted for as secured borrowings (Securitization Program). We maintain a subordinated interest in a portion of the pool of trade receivables that are securitized. The retained interest, which is included in Receivables in the consolidated condensed balance sheets, is recorded at fair value, which approximates the total amount of the designated pool of accounts receivable. Refer to Note 6, Indebtedness, for additional disclosures related to the Securitization Program.