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v3.25.2

Revenues (Tables) | 6 Months Ended
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Jul. 04, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregated Revenues | Disaggregated revenues by customer-type were as follows:
| Three Months Ended July 4, 2025
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
DoD and U.S. Intelligence Community | $ | 1,324 |  |  | $ | 253 |  |  | $ | 2 |  |  | $ | 486 |  |  | $ | 2,065 |
Other U.S. government agencies(1) | 507 |  |  | 995 |  |  | 99 |  |  | 23 |  |  | 1,624 |
Commercial and non-U.S. customers | 26 |  |  | 19 |  |  | 465 |  |  | 34 |  |  | 544 |
Total | $ | 1,857 |  |  | $ | 1,267 |  |  | $ | 566 |  |  | $ | 543 |  |  | $ | 4,233 |
| Three Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
(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 July 4, 2025
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total
DoD and U.S. Intelligence Community | $ | 2,650 |  |  | $ | 522 |  |  | $ | 12 |  |  | $ | 940 |  |  | $ | 4,124 |
Other U.S. government agencies(1) | 1,023 |  |  | 1,994 |  |  | 196 |  |  | 47 |  |  | 3,260 |
Commercial and non-U.S. customers | 51 |  |  | 37 |  |  | 925 |  |  | 64 |  |  | 1,077 |
Total | $ | 3,724 |  |  | $ | 2,553 |  |  | $ | 1,133 |  |  | $ | 1,051 |  |  | $ | 8,461 |
| Six Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
(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 July 4, 2025 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
Cost-reimbursement and fixed-price-incentive-fee | $ | 1,007 |  |  | $ | 430 |  |  | $ | 90 |  |  | $ | 324 |  |  | $ | 1,851 |  |  |  |  |  |  |  |  |
Firm-fixed-price | 514 |  |  | 787 |  |  | 345 |  |  | 181 |  |  | 1,827 |  |  |  |  |  |  |  |  |
Time-and-materials and fixed-price-level-of-effort | 336 |  |  | 50 |  |  | 131 |  |  | 38 |  |  | 555 |  |  |  |  |  |  |  |  |
Total | $ | 1,857 |  |  | $ | 1,267 |  |  | $ | 566 |  |  | $ | 543 |  |  | $ | 4,233 |  |  |  |  |  |  |  |  |
| Three Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
| Six Months Ended July 4, 2025 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
Cost-reimbursement and fixed-price-incentive-fee | $ | 2,020 |  |  | $ | 901 |  |  | $ | 185 |  |  | $ | 633 |  |  | $ | 3,739 |  |  |  |  |  |  |  |  |
Firm-fixed-price | 1,011 |  |  | 1,546 |  |  | 704 |  |  | 335 |  |  | 3,596 |  |  |  |  |  |  |  |  |
Time-and-materials and fixed-price-level-of-effort | 693 |  |  | 106 |  |  | 244 |  |  | 83 |  |  | 1,126 |  |  |  |  |  |  |  |  |
Total | $ | 3,724 |  |  | $ | 2,553 |  |  | $ | 1,133 |  |  | $ | 1,051 |  |  | $ | 8,461 |  |  |  |  |  |  |  |  |
| Six Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
Disaggregated revenues by geographic location were as follows:
| Three Months Ended July 4, 2025 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
United States | $ | 1,849 |  |  | $ | 1,265 |  |  | $ | 247 |  |  | $ | 532 |  |  | $ | 3,893 |  |  |  |  |  |  |  |  |
International | 8 |  |  | 2 |  |  | 319 |  |  | 11 |  |  | 340 |  |  |  |  |  |  |  |  |
Total | $ | 1,857 |  |  | $ | 1,267 |  |  | $ | 566 |  |  | $ | 543 |  |  | $ | 4,233 |  |  |  |  |  |  |  |  |
| Three Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
| Six Months Ended July 4, 2025 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
United States | $ | 3,708 |  |  | $ | 2,550 |  |  | $ | 485 |  |  | $ | 1,031 |  |  | $ | 7,774 |  |  |  |  |  |  |  |  |
International | 16 |  |  | 3 |  |  | 648 |  |  | 20 |  |  | 687 |  |  |  |  |  |  |  |  |
Total | $ | 3,724 |  |  | $ | 2,553 |  |  | $ | 1,133 |  |  | $ | 1,051 |  |  | $ | 8,461 |  |  |  |  |  |  |  |  |
| Six Months Ended June 28, 2024 |  |
(in millions) | National Security & Digital |  | Health & Civil |  | Commercial & International |  | Defense Systems |  | Total |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |
Schedule of Components of Contract Assets and Contract Liabilities | The components of contract assets and contract liabilities consisted of the following:
(in millions) |  | Balance sheet line item |  | July 4, 2025 |  | January 3, 2025
Contract assets - current: |  |  |  |  |  |
Unbilled receivables |  | Receivables, net |  | $ | 838 |  |  | $ | 842 |
Contract liabilities - current: |  |  |  |  |  |
Deferred revenue(1) |  | Accounts payable and accrued liabilities |  | $ | 274 |  |  | $ | 333 |
Contract liabilities - non-current: |  |  |  |  |  |
Deferred revenue(1) |  | Other long-term liabilities |  | $ | 6 |  |  | $ | 10 |
(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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