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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 04, 2025
Jan. 03, 2025
Assets:    
Cash and cash equivalents $ 930 $ 849
Receivables, net 2,915 2,645
Inventory, net 364 315
Other current assets 572 525
Total current assets 4,781 4,334
Property, plant and equipment, net 973 991
Intangible assets, net 515 517
Goodwill 6,359 6,084
Operating lease right-of-use assets, net 535 560
Other long-term assets 386 524
Total assets 13,549 13,010
Liabilities:    
Accounts payable and accrued liabilities 2,003 2,131
Accrued payroll and employee benefits 826 811
Current portion of long-term debt 119 618
Total current liabilities 2,948 3,560
Long-term debt, net of current portion 4,985 4,052
Operating lease liabilities 598 621
Other long-term liabilities 311 317
Total liabilities 8,842 8,550
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 128,295,977 and 131,163,899 shares issued and outstanding at July 4, 2025, and January 3, 2025, respectively 0 0
Additional paid-in capital 650 1,112
Retained earnings 4,061 3,410
Accumulated other comprehensive loss (49) (110)
Total Leidos stockholders’ equity 4,662 4,412
Non-controlling interest 45 48
Total stockholders' equity 4,707 4,460
Total liabilities and stockholders' equity $ 13,549 $ 13,010