Amentum Holdings, Inc. Goodwill & Intangibles Disclosure
| (Amounts in millions) | DS | GES | Total | ||||||||||||||
| Balance as of September 29, 2023 | $ | 1,256 | $ | 1,635 | $ | 2,891 | |||||||||||
| Acquisition of CMS | 1,156 | 1,509 | 2,665 | ||||||||||||||
| Balance as of September 27, 2024 | 2,412 | 3,144 | 5,556 | ||||||||||||||
Measurement period adjustments (1) | 41 | 298 | 339 | ||||||||||||||
| Divestitures | (193) | — | (193) | ||||||||||||||
| Foreign currency translation | — | 1 | 1 | ||||||||||||||
| Balance as of October 3, 2025 | $ | 2,260 | $ | 3,443 | $ | 5,703 | |||||||||||
As of October 3, 2025 | |||||||||||||||||||||||
| (Amounts in millions, except years) | Weighted Average Useful Life (Years) | Gross Carrying Value | Accumulated Amortization | Net | |||||||||||||||||||
| Backlog | 5.1 | $ | 661 | $ | (586) | $ | 75 | ||||||||||||||||
| Customer relationship intangible assets | 11.1 | 2,587 | (721) | 1,866 | |||||||||||||||||||
| Capitalized software | 4.6 | 27 | (13) | 14 | |||||||||||||||||||
| Total intangible assets, net | $ | 3,275 | $ | (1,320) | $ | 1,955 | |||||||||||||||||
As of September 27, 2024 | |||||||||||||||||||||||
| (Amounts in millions, except years) | Weighted Average Useful Life (Years) | Gross Carrying Value | Accumulated Amortization | Net | |||||||||||||||||||
| Backlog | 2.4 | $ | 931 | $ | (552) | $ | 379 | ||||||||||||||||
| Customer relationship intangible assets | 12.9 | 2,781 | (550) | 2,231 | |||||||||||||||||||
| Capitalized software | 4.8 | 23 | (10) | 13 | |||||||||||||||||||
| Total intangible assets, net | $ | 3,735 | $ | (1,112) | $ | 2,623 | |||||||||||||||||
| Year Ending September 30, | (Amounts in millions) | ||||
| 2026 | $ | 376 | |||
| 2027 | 334 | ||||
| 2028 | 265 | ||||
| 2029 | 220 | ||||
| 2030 | 186 | ||||
| Thereafter | 574 | ||||
| Total | $ | 1,955 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 25, 2025 | Showing above |
| 2024 | Dec 17, 2024 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.