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v3.24.2

Revenues (Tables) | 6 Months Ended
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Jun. 28, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregated Revenues | Disaggregated revenues by customer-type were as follows:
|  | Three Months Ended June 28, 2024
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
DoD and U.S. Intelligence Community |  | $ | 1,247 |  |  | $ | 255 |  |  | $ | 4 |  |  | $ | 441 |  |  | $ | 1,947 |
Other U.S. government agencies(1) |  | 520 |  |  | 986 |  |  | 81 |  |  | 24 |  |  | 1,611 |
Commercial and non-U.S. customers |  | 28 |  |  | 16 |  |  | 475 |  |  | 30 |  |  | 549 |
Total |  | $ | 1,795 |  |  | $ | 1,257 |  |  | $ | 560 |  |  | $ | 495 |  |  | $ | 4,107 |
|  | Three Months Ended June 30, 2023 |  |
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
|  | (in millions)
DoD and U.S. Intelligence Community |  | $ | 1,193 |  |  | $ | 268 |  |  | $ | 7 |  |  | $ | 385 |  |  | $ | 1,853 |  |  |  |  |  |  |  |  |
Other U.S. government agencies(1) |  | 555 |  |  | 741 |  |  | 80 |  |  | 30 |  |  | 1,406 |  |  |  |  |  |  |  |  |
Commercial and non-U.S. customers |  | 31 |  |  | 15 |  |  | 457 |  |  | 51 |  |  | 554 |  |  |  |  |  |  |  |  |
Total |  | $ | 1,779 |  |  | $ | 1,024 |  |  | $ | 544 |  |  | $ | 466 |  |  | $ | 3,813 |  |  |  |  |  |  |  |  |
(1) Includes federal government agencies other than the DoD and U.S. Intelligence Community, as well as state and local government agencies.
|  | Six Months Ended June 28, 2024
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
DoD and U.S. Intelligence Community |  | $ | 2,468 |  |  | $ | 512 |  |  | $ | 14 |  |  | $ | 866 |  |  | $ | 3,860 |
Other U.S. government agencies(1) |  | 1,045 |  |  | 1,903 |  |  | 154 |  |  | 46 |  |  | 3,148 |
Commercial and non-U.S. customers |  | 61 |  |  | 32 |  |  | 900 |  |  | 57 |  |  | 1,050 |
Total |  | $ | 3,574 |  |  | $ | 2,447 |  |  | $ | 1,068 |  |  | $ | 969 |  |  | $ | 8,058 |
|  | Six Months Ended June 30, 2023
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
DoD and U.S. Intelligence Community |  | $ | 2,347 |  |  | $ | 540 |  |  | $ | 15 |  |  | $ | 775 |  |  | $ | 3,677 |
Other U.S. government agencies(1) |  | 1,112 |  |  | 1,454 |  |  | 145 |  |  | 60 |  |  | 2,771 |
Commercial and non-U.S. customers |  | 66 |  |  | 29 |  |  | 873 |  |  | 76 |  |  | 1,044 |
Total |  | $ | 3,525 |  |  | $ | 2,023 |  |  | $ | 1,033 |  |  | $ | 911 |  |  | $ | 7,492 |
(1) Includes federal government agencies other than the DoD and U.S. Intelligence Community, as well as state and local government agencies. Disaggregated revenues by contract-type were as follows:
|  | Three Months Ended June 28, 2024 |  |
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
|  | (in millions)
Cost-reimbursement and fixed-price-incentive-fee |  | $ | 948 |  |  | $ | 451 |  |  | $ | 90 |  |  | $ | 313 |  |  | $ | 1,802 |  |  |  |  |  |  |  |  |
Firm-fixed-price |  | 494 |  |  | 749 |  |  | 352 |  |  | 143 |  |  | 1,738 |  |  |  |  |  |  |  |  |
Time-and-materials and fixed-price-level-of-effort |  | 353 |  |  | 57 |  |  | 118 |  |  | 39 |  |  | 567 |  |  |  |  |  |  |  |  |
Total |  | $ | 1,795 |  |  | $ | 1,257 |  |  | $ | 560 |  |  | $ | 495 |  |  | $ | 4,107 |  |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, 2023 |  |
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
|  | (in millions)
Cost-reimbursement and fixed-price-incentive-fee |  | $ | 956 |  |  | $ | 522 |  |  | $ | 82 |  |  | $ | 267 |  |  | $ | 1,827 |  |  |  |  |  |  |  |  |
Firm-fixed-price |  | 497 |  |  | 454 |  |  | 349 |  |  | 157 |  |  | 1,457 |  |  |  |  |  |  |  |  |
Time-and-materials and fixed-price-level-of-effort |  | 326 |  |  | 48 |  |  | 113 |  |  | 42 |  |  | 529 |  |  |  |  |  |  |  |  |
Total |  | $ | 1,779 |  |  | $ | 1,024 |  |  | $ | 544 |  |  | $ | 466 |  |  | $ | 3,813 |  |  |  |  |  |  |  |  |
|  | Six Months Ended June 28, 2024
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
Cost-reimbursement and fixed-price-incentive-fee |  | $ | 1,894 |  |  | $ | 898 |  |  | $ | 175 |  |  | $ | 614 |  |  | $ | 3,581 |
Firm-fixed-price |  | 986 |  |  | 1,439 |  |  | 671 |  |  | 282 |  |  | 3,378 |
Time-and-materials and fixed-price-level-of-effort |  | 694 |  |  | 110 |  |  | 222 |  |  | 73 |  |  | 1,099 |
Total |  | $ | 3,574 |  |  | $ | 2,447 |  |  | $ | 1,068 |  |  | $ | 969 |  |  | $ | 8,058 |
|  | Six Months Ended June 30, 2023
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
Cost-reimbursement and fixed-price-incentive-fee |  | $ | 1,883 |  |  | $ | 1,075 |  |  | $ | 174 |  |  | $ | 539 |  |  | $ | 3,671 |
Firm-fixed-price |  | 1,004 |  |  | 857 |  |  | 638 |  |  | 291 |  |  | 2,790 |
Time-and-materials and fixed-price-level-of-effort |  | 638 |  |  | 91 |  |  | 221 |  |  | 81 |  |  | 1,031 |
Total |  | $ | 3,525 |  |  | $ | 2,023 |  |  | $ | 1,033 |  |  | $ | 911 |  |  | $ | 7,492 |
Disaggregated revenues by geographic location were as follows:
|  | Three Months Ended June 28, 2024 |  |
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
|  | (in millions)
United States |  | $ | 1,788 |  |  | $ | 1,255 |  |  | $ | 227 |  |  | $ | 479 |  |  | $ | 3,749 |  |  |  |  |  |  |  |  |
International |  | 7 |  |  | 2 |  |  | 333 |  |  | 16 |  |  | 358 |  |  |  |  |  |  |  |  |
Total |  | $ | 1,795 |  |  | $ | 1,257 |  |  | $ | 560 |  |  | $ | 495 |  |  | $ | 4,107 |  |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, 2023 |  |
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
|  | (in millions)
United States |  | $ | 1,770 |  |  | $ | 1,024 |  |  | $ | 217 |  |  | $ | 463 |  |  | $ | 3,474 |  |  |  |  |  |  |  |  |
International |  | 9 |  |  | — |  |  | 327 |  |  | 3 |  |  | 339 |  |  |  |  |  |  |  |  |
Total |  | $ | 1,779 |  |  | $ | 1,024 |  |  | $ | 544 |  |  | $ | 466 |  |  | $ | 3,813 |  |  |  |  |  |  |  |  |
|  | Six Months Ended June 28, 2024
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
United States |  | $ | 3,558 |  |  | $ | 2,444 |  |  | $ | 435 |  |  | $ | 947 |  |  | $ | 7,384 |
International |  | 16 |  |  | 3 |  |  | 633 |  |  | 22 |  |  | 674 |
Total |  | $ | 3,574 |  |  | $ | 2,447 |  |  | $ | 1,068 |  |  | $ | 969 |  |  | $ | 8,058 |
|  | Six Months Ended June 30, 2023
|  | National Security and Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
|  | (in millions)
United States |  | $ | 3,505 |  |  | $ | 2,022 |  |  | $ | 409 |  |  | $ | 904 |  |  | $ | 6,840 |
International |  | 20 |  |  | 1 |  |  | 624 |  |  | 7 |  |  | 652 |
Total |  | $ | 3,525 |  |  | $ | 2,023 |  |  | $ | 1,033 |  |  | $ | 911 |  |  | $ | 7,492 |
Schedule of Components of Contract Assets and Contract Liabilities | The components of contract assets and contract liabilities consisted of the following:
|  | Balance sheet line item |  | June 28, 2024 |  | December 29, 2023
|  |  |  | (in millions)
Contract assets - current: |  |  |  |  |  |
Unbilled receivables |  | Receivables, net |  | $ | 1,136 |  |  | $ | 1,041 |
Contract liabilities - current: |  |  |  |  |  |
Deferred revenue(1) |  | Accounts payable and accrued liabilities |  | $ | 296 |  |  | $ | 442 |
Contract liabilities - non-current: |  |  |  |  |  |
Deferred revenue(1) |  | Other long-term liabilities |  | $ | 16 |  |  | $ | 21 |
(1) Certain contracts record revenue net of cost of revenues, and therefore, the respective deferred revenue balance will not fully convert to revenue.

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