XML 71 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Jan. 03, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes for the periods presented included the following:

						Year Ended
(in millions)						January 3, 2025						December 29, 2023						December 30, 2022
Current:
Federal						$	381					$	212					$	290
State						84						68						80
Foreign						22						23						33
Deferred:
Federal						(77)						(75)						(169)
State						(13)						(20)						(36)
Foreign						(9)						(13)						(5)
Total						$	388					$	195					$	193

Schedule of Reconciliation of the Provision for Income Taxes

A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes for the periods presented was as follows:

						Year Ended
(in millions)						January 3, 2025						December 29, 2023						December 30, 2022
Amount computed at the statutory federal income tax rate						$	344					$	85					$	186
State income taxes, net of federal tax benefit						28						26						36
Goodwill						—						104						—
Research and development credits						(25)						(19)						(31)
Excess tax benefits from stock-based compensation						(15)						(2)						(13)
Change in valuation allowance for deferred tax assets						4						3						3
Impact of foreign operations						(5)						(13)						2
Dividends paid to employee stock ownership plan						(2)						(2)						(2)
Change in accruals for uncertain tax positions						39						14						(1)
Other						20						(1)						13
Total						$	388					$	195					$	193
Effective income tax rate						23.7		%				48.4		%				21.8		%

Schedule of Deferred Tax Assets (Liabilities)

Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting purposes. Deferred tax assets (liabilities) were comprised of the following:

(in millions)						January 3, 2025						December 29, 2023
Capitalized research and development						$	370					$	290
Operating lease liabilities						179						156
Accrued vacation and bonuses						85						95
Reserves						39						33
Deferred compensation						42						39
Credits and net operating losses carryovers						46						36
Vesting stock awards						30						29
Deferred revenue						9						—
Accumulated other comprehensive loss						6						—
Other						30						18
Total deferred tax assets						836						696
Valuation allowance						(31)						(27)
Deferred tax assets, net of valuation allowance						$	805					$	669
Purchased intangible assets						$	(361)					$	(347)
Operating lease right-of-use assets						(138)						(126)
Property, plant and equipment						(98)						(90)
Deferred revenue						—						(3)
Other						(7)						(4)
Total deferred tax liabilities						(604)						(570)
Net deferred tax assets						$	201					$	99

Schedule of Income Tax Related Balance on Balance Sheet

Income tax balance sheet items are included in the accompanying consolidated balance sheets as follows:

(in millions)						January 3, 2025						December 29, 2023
Other current assets:
Prepaid income taxes and tax refunds receivable						$	86					$	40
Other long-term assets:
Deferred tax assets						$	203					$	102
Accounts payable and accrued liabilities:
Income taxes payable						$	21					$	3
Other long-term liabilities:
Deferred tax liabilities						$	2					$	3
Unrecognized tax benefits						$	162					$	114

Schedule of Changes in the Unrecognized Tax Benefits

The changes in the unrecognized tax benefits were as follows:

						Year Ended
(in millions)						January 3, 2025						December 29, 2023						December 30, 2022
Unrecognized tax benefits at beginning of year						$	110					$	92					$	2
Additions for tax positions related to current year						81						58						91
Additions for tax positions related to prior years						46						15						—
Reductions for tax positions related to current year						(1)						(1)						—
Reductions for tax positions related to prior years						(59)						(54)						—
Settlements with taxing authorities						(3)						—						—
Lapse of statute of limitations						(1)						—						(1)
Unrecognized tax benefits at end of year						$	173					$	110					$	92
Unrecognized tax benefits that, if recognized, would affect the effective income tax rate						$	57					$	15					$	—

X

- Definition

Summary of Income Tax Related Balance on Balance Sheet [Table Text Block]

+ References

No definition available.

+ Details

Name:	ldos_SummaryofIncomeTaxRelatedBalanceonBalanceSheetTableTextBlock
Namespace Prefix:	ldos_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration