| Schedule of Total Revenues, Segment Operating Profit and Total Asset for Reporting Segment |
The following tables present total revenues, direct cost of contracts, selling, general and administrative expenses and segment operating profit from continuing operations for each reportable segment (in thousands) and includes a reconciliation of segment operating profit to total U.S. GAAP operating profit by including certain corporate-level expenses, Restructuring and other charges (as defined in Note 16- Restructuring and Other Charges) and transaction and integration costs (in thousands) for the three and six months ended: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended | | For the six months ended | | March 27, 2026 | | March 27, 2026 | | Infrastructure & Advanced Facilities | | PA Consulting | | Total | | Infrastructure & Advanced Facilities | | PA Consulting | | Total | Revenues from External Customers (1) | $ | 3,336,307 | | | $ | 358,574 | | | $ | 3,694,881 | | | $ | 6,275,155 | | | $ | 713,007 | | | $ | 6,988,162 | | Direct cost of contracts (2) | (2,666,239) | | | (233,749) | | | (2,899,988) | | | (4,959,401) | | | (468,618) | | | (5,428,019) | | Selling, general and administrative expenses (2) | (444,845) | | | (44,961) | | | (489,806) | | | (875,789) | | | (79,633) | | | (955,422) | | Segment Operating Profit (1) | $ | 225,223 | | | $ | 79,864 | | | $ | 305,087 | | | $ | 439,965 | | | $ | 164,756 | | | $ | 604,721 | | Restructuring, Transaction and Other Charges (3) | | | | | (352,200) | | | | | | | (381,277) | | | Amortization of Intangible Assets | | | | | (34,063) | | | | | | | (72,059) | | | Total U.S. GAAP Operating Profit | | | | | $ | (81,176) | | | | | | | $ | 151,385 | | Total Other (Expense) Income, net (4) | | | | | (49,430) | | | | | | | (75,769) | | | Earnings from Continuing Operations Before Taxes | | | | | $ | (130,606) | | | | | | | $ | 75,616 | |
| | | | | | | (1) | The three and six months ended March 27, 2026 I&AF revenue and operating profit in comparison to the corresponding periods for fiscal 2025 reflected lower charges in connection with the Consolidated JV Matter (as defined below). | | (2) | Direct cost of contracts and SG&A are considered to be significant segment expense categories as amounts align with, or are easily computable from, the segment-level information regularly provided to the CODM. | | (3) | The three and six months ended March 27, 2026 included $214.9 million and $237.5 million, respectively, in charges for certain subsidiary level compensation based agreements as well as $120.4 million and $122.7 million, respectively, in costs relating to the PA Consulting Transaction, $123.9 million of which represents consideration to be distributed to PA Consulting employees as compensation expense. The three and six months ended March 27, 2026 included $7.6 million and $9.9 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), as well as $6.5 million and $8.3 million, respectively, in restructuring and other charges relating to the PA Consulting Transaction (primarily professional services and dedicated internal personnel). | | (4) | The three and six months ended March 27, 2026 included a $20.5 million loss on the foreign exchange forward contract in connection with the PA Consulting Transaction (see Note 17- Commitments and Contingencies and Derivative Financial Instruments). | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the six months ended | | March 28, 2025 | | March 28, 2025 | | Infrastructure & Advanced Facilities | | PA Consulting | | Total | | Infrastructure & Advanced Facilities | | PA Consulting | | Total | Revenues from External Customers (1) | $ | 2,602,753 | | | $ | 307,662 | | | $ | 2,910,415 | | | $ | 5,228,961 | | | $ | 614,410 | | | $ | 5,843,371 | | Direct cost of contracts (2) | (1,980,582) | | | (191,488) | | | (2,172,070) | | | (4,000,277) | | | (383,482) | | | (4,383,759) | | Selling, general and administrative expenses (2) | (418,906) | | | (48,827) | | | (467,733) | | | (815,145) | | | (96,844) | | | (911,989) | | Segment Operating Profit (1) | $ | 203,265 | | | $ | 67,347 | | | $ | 270,612 | | | $ | 413,539 | | | $ | 134,084 | | | $ | 547,623 | | Restructuring, Transaction and Other Charges (3) | | | | | (23,924) | | | | | | | (53,856) | | | Amortization of Intangible Assets | | | | | (38,040) | | | | | | | (76,701) | | | Total U.S. GAAP Operating Profit | | | | | $ | 208,648 | | | | | | | $ | 417,066 | | Total Other (Expense) Income, net (4) | | | | | (152,825) | | | | | | | (308,095) | | | Earnings from Continuing Operations Before Taxes | | | | | $ | 55,823 | | | | | | | $ | 108,971 | |
| | | | | | | (1) | | The three and six months ended March 28, 2025 I&AF revenue and operating profit were impacted by a reserve in connection with an unfavorable interim ruling against a consolidated joint venture in which the Company holds a 50% interest (the "Consolidated JV Matter"), with the noncontrolling partner’s share included in noncontrolling interests in the Consolidated Statements of Earnings for the respective period. | | (2) | | Direct cost of contracts and SG&A are considered to be significant segment expense categories as amounts align with, or are easily computable from, the segment-level information regularly provided to the CODM. | | (3) | | The three and six months ended March 28, 2025 included $10.2 million and $25.1 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), as well as $8.0 million and $13.9 million, respectively, in charges for certain subsidiary level compensation based agreements. The three and six months ended March 28, 2025 included approximately $8.4 million and $16.2 million, respectively, in charges associated with the Company's TSA with Amentum. | | (4) | | The three and six months ended March 28, 2025 included $109.5 million and $254.7 million, respectively, in mark-to-market losses and other related charges associated with our former investment in Amentum stock in connection with the Separation Transaction, as well as $10.3 million and $21.7 million, respectively, in income associated with the Company's TSA with Amentum (see Note 14- Discontinued Operations). The three and six months ended March 28, 2025 included $20.5 million in discounts and expenses associated with the Equity for-Debt Transaction (see Note 12- Borrowings and Note 14- Discontinued Operations). |
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