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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 04, 2025
Jan. 03, 2025
Assets:    
Cash and cash equivalents $ 842 $ 849
Receivables, net 2,906 2,645
Inventory, net 347 315
Other current assets 454 525
Total current assets 4,549 4,334
Property, plant and equipment, net 977 991
Intangible assets, net 489 517
Goodwill 6,098 6,084
Operating lease right-of-use assets, net 541 560
Other long-term assets 543 524
Total assets 13,197 13,010
Liabilities:    
Accounts payable and accrued liabilities 2,178 2,131
Accrued payroll and employee benefits 664 811
Current portion of long-term debt 119 618
Total current liabilities 2,961 3,560
Long-term debt, net of current portion 5,014 4,052
Operating lease liabilities 603 621
Other long-term liabilities 317 317
Total liabilities 8,895 8,550
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 128,715,893 and 131,163,899 shares issued and outstanding at April 4, 2025, and January 3, 2025, respectively 0 0
Additional paid-in capital 619 1,112
Retained earnings 3,721 3,410
Accumulated other comprehensive loss (83) (110)
Total Leidos stockholders’ equity 4,257 4,412
Non-controlling interest 45 48
Total stockholders' equity 4,302 4,460
Total liabilities and stockholders' equity $ 13,197 $ 13,010