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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 03, 2025
Dec. 29, 2023
Assets:    
Cash and cash equivalents $ 943 $ 777
Receivables, net 2,645 2,429
Inventory, net 315 310
Other current assets 525 489
Total current assets 4,428 4,005
Property, plant and equipment, net 991 961
Intangible assets, net 517 667
Goodwill 6,084 6,112
Operating lease right-of-use assets, net 560 512
Other long-term assets 524 438
Total assets 13,104 12,695
Liabilities:    
Accounts payable and accrued liabilities 2,225 2,277
Accrued payroll and employee benefits 811 695
Current portion of long-term debt 618 18
Total current liabilities 3,654 2,990
Long-term debt, net of current portion 4,052 4,664
Operating lease liabilities 621 516
Other long-term liabilities 317 267
Total liabilities 8,644 8,437
Commitments and contingencies (Note 21)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized and no shares issued and outstanding at January 3, 2025 and December 29, 2023 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 131,163,899 and 135,766,419 shares issued and outstanding at January 3, 2025, and December 29, 2023, respectively 0 0
Additional paid-in capital 1,112 1,885
Retained earnings 3,410 2,364
Accumulated other comprehensive loss (110) (48)
Total Leidos stockholders’ equity 4,412 4,201
Non-controlling interest 48 57
Total stockholders’ equity 4,460 4,258
Total liabilities and stockholders’ equity $ 13,104 $ 12,695