Parsons Corporation PSN Federal Solution — Disposal Group Including Discontinued Operation Contract Liabilities
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Where this comes from
Reported directly by Parsons Corporation in its filing.
Tagged under the XBRL concept psn:DisposalGroupIncludingDiscontinuedOperationContractLiabilities.
The source filing: Parsons Corporation’s 10-Q, filed July 29, 2026.
- Filed
- Jul 29, 2026, 6:35 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-322066
During the second quarter of 2026 management committed to a plan to sell two Remote Programs within the Federal Solutions segment as part of its strategy to transfer the remaining contractual obligations to a third party. Management expects the sale to be completed by the end of 2026. The assets and liabilities are classified as held for sale, reported at fair value less cost to sell and consist primarily of property and equipment, net of $2.4 million, contract assets of $14.8 million and contract liabilities of $60.7 million. These balances are reported as assets held for sale and liabilities held for sale on the consolidated balance sheet.
Item 1. Financial Statements.
FAQ
- What is Parsons Corporation's federal solution — disposal group including discontinued operation contract liabilities?
- Parsons Corporation (PSN) reported federal solution — disposal group including discontinued operation contract liabilities of $60.7M in Q2 2026.
- What does federal solution — disposal group including discontinued operation contract liabilities mean?
- This metric identifies the contract liabilities, such as deferred revenue or advance payments, associated with operations within the Federal Solutions segment that are being discontinued or divested. It indicates the extent of performance obligations being transferred or settled as part of a business exit. Understanding these liabilities is essential for evaluating the net financial impact of segment-level restructuring activities.
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