XML 21 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Receivables
9 Months Ended
Jul. 01, 2017
Receivables [Abstract]  
Receivables
Receivables
Receivables consist of:
 
 
July 1,
2017
 
October 1,
2016
Accounts receivable
 
$
298,423

 
$
306,469

Long-term contract receivables:
 
 
 
 
Amounts billed
 
110,068

 
130,429

Unbilled recoverable costs and accrued profits
 
258,442

 
245,376

Total long-term contract receivables
 
368,510

 
375,805

Other
 
15,374

 
10,652

Total receivables
 
682,307

 
692,926

Less allowance for doubtful accounts
 
(4,389
)
 
(4,538
)
Receivables
 
$
677,918

 
$
688,388


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.