<SEC-DOCUMENT>0001336920-25-000027.txt : 20250620
<SEC-HEADER>0001336920-25-000027.hdr.sgml : 20250620
<ACCEPTANCE-DATETIME>20250620141043
ACCESSION NUMBER:		0001336920-25-000027
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250620
DATE AS OF CHANGE:		20250620

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Leidos Holdings, Inc.
		CENTRAL INDEX KEY:			0001336920
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		ORGANIZATION NAME:           	06 Technology
		EIN:				203562868
		FISCAL YEAR END:			0102

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33072
		FILM NUMBER:		251060697

	BUSINESS ADDRESS:	
		STREET 1:		1750 PRESIDENTS STREET
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190
		BUSINESS PHONE:		571-526-6000

	MAIL ADDRESS:	
		STREET 1:		1750 PRESIDENTS STREET
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAIC, Inc.
		DATE OF NAME CHANGE:	20050823
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>ldos12312411-k.htm
<DESCRIPTION>11-K
<TEXT>
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<title>Document</title></head><body><div id="id4a8643a4daa4e25b5a0f8141ff76820_1"></div><div style="min-height:65.95pt;width:100%"><div style="margin-top:6pt;padding-left:1pt;padding-right:-2.5pt"><font><br></font></div></div><div style="margin-bottom:10pt;margin-top:6pt;padding-left:193.25pt;padding-right:193.25pt;text-align:center"><font><br></font></div><div style="-sec-extract:summary;margin-bottom:6pt;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:93.17pt;padding-right:93.17pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:194.42pt;padding-right:194.42pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:111%">UNITED STATES</font></div><div style="margin-top:6pt;padding-left:71.3pt;padding-right:71.3pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:111%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="margin-top:6pt;padding-left:191.8pt;padding-right:191.8pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:111%">WASHINGTON, D.C. 20549</font></div><div style="margin-top:0.2pt"><font><br></font></div><div style="margin-top:6pt;padding-left:216.32pt;padding-right:216.32pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM 11-K</font></div><div style="margin-top:0.4pt;text-align:center"><font><br></font></div><div style="margin-top:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;ANNUAL REPORT PURSUANT TO SECTION&#160;15(d)&#160;OF THE SECURITIES EXCHANGE ACT OF 1934 </font></div><div style="margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">For the fiscal year ended December 31, 2024</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:700;line-height:130%">OR</font></div><div style="margin-top:9pt;padding-left:24.45pt;text-indent:-24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;TRANSITION REPORT PURSUANT TO SECTION&#160;15(d)&#160;OF THE SECURITIES EXCHANGE ACT OF 1934 </font></div><div style="margin-top:9pt;padding-left:169.25pt;padding-right:169.25pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">For the transition period from&#160;&#160;&#160;&#160;to</font></div><div style="margin-top:9pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:130%">Commission file number&#58; 001-33072</font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt;padding-left:27.05pt;padding-right:-1pt"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A. Full title of plan and the address of the plan, if different from that of the issuer named below&#58;</font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt;padding-left:127.82pt;padding-right:127.82pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Leidos, Inc. Retirement Plan</font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt;padding-left:27.05pt;padding-right:-1pt"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office&#58;</font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-top:6pt;padding-left:218.5pt;padding-right:218.5pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Leidos Holdings, Inc.</font></div><div style="margin-top:6pt;padding-left:218.5pt;padding-right:218.5pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1750 Presidents Street</font></div><div style="margin-top:6pt;padding-left:218.5pt;padding-right:218.5pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reston, VA 20190</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:106pt;padding-right:106pt;text-align:center"><font><br></font></div><div style="margin-bottom:10pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:14pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-left:1pt;padding-right:-2.5pt"><font><br></font></div></div><div style="-sec-extract:summary;margin-bottom:16pt;padding-left:1pt;padding-right:-2.5pt"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:16pt;font-weight:400;line-height:114%">TABLE OF CONTENTS</font></div><div style="margin-top:0.5pt;padding-left:109.07pt;padding-right:109.07pt;text-align:center"><font><br></font></div><div style="margin-top:0.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:89.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.696%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Page</font></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_7" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_7" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">1</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">FINANCIAL STATEMENTS&#58;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:12pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_13" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Statements of Net Assets Available for Benefits as of December 31, 2024</a><a href="#id4a8643a4daa4e25b5a0f8141ff76820_13" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">,</a><a href="#id4a8643a4daa4e25b5a0f8141ff76820_13" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none"> and 2023</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_13" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">3</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:12pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_16" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_16" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">4</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:12pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_19" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Notes to Financial Statements</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_19" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">5</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">SUPPLEMENTAL SCHEDULES&#58;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:21pt;text-indent:-9pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_310" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Form 5500, Schedule H, Part IV, Line 4a - Schedule of Delinquent Participant Contributions for the Year Ended December 31, 202</a>4</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">12</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:21pt;text-indent:-9pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_25" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2024</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_25" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">13</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_28" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">SIGNATURE</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_28" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">14</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">EXHIBIT INDEX&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_31" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">15</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:12pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#160;<a href="#id4a8643a4daa4e25b5a0f8141ff76820_34" style="-sec-extract:exhibit;color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%;text-decoration:none">Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm</a> </font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">NOTE&#58; All other schedules required by Section 29 CFR 2520.103-10 of the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-right:-0.75pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="margin-top:12pt"><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Plan Administrator and Plan Participants </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leidos, Inc. Retirement Plan </font></div><div style="margin-top:6pt"><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opinion on the financial statements </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We have audited the accompanying statements of net assets available for benefits of Leidos, Inc. Retirement Plan (the &#8220;Plan&#8221;) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Basis for opinion </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.  </font></div><div style="margin-bottom:6pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.  </font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.  </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Supplemental information </font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The supplemental schedule of delinquent participant contributions for the year ended December 31, 2024 and schedule of assets (held at end of year) as of December 31, 2024 (&#8220;supplemental information&#8221;) have been subjected to audit procedures performed in conjunction with the audits of the Plan&#8217;s financial statements. The supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#47;s&#47; GRANT THORNTON LLP </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We have served as the Plan&#8217;s auditor since 2024. </font></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Atlanta, Georgia </font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">June 20, 2025 </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="height:27pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">1</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_13"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font><br></font></div></div><div style="margin-top:6pt;padding-right:-0.75pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"></td><td style="width:72.149%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.925%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.500%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.926%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">December 31, 2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ASSETS&#58;</font></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments&#58;</font></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investment in Leidos, Inc. Master Trust at fair value</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,113,429</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,859,925&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investment in Leidos, Inc. Master Trust at contract value</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">600,404</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">652,696&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total investments</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,713,833</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,512,621&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Receivables&#58;</font></td><td colspan="3" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Notes receivable from participants</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">78,558</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">72,490&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NET ASSETS AVAILABLE FOR BENEFITS</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,792,391</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,585,111&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:102.67pt;padding-right:102.67pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">See notes to financial statements.</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">3</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_16"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font><br></font></div></div><div style="margin-top:6pt;padding-right:-0.5pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-0.5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.194%"><tr><td style="width:1.0%"></td><td style="width:85.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.507%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.055%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Year Ended</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ADDITIONS&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investment income&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Plan interest in Leidos, Inc. Master Trust</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,579,033</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest income on notes receivable from participants</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,530</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Contributions&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Participants</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">381,217</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Employer</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">159,419</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Employee rollovers</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">71,698</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total contributions</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">612,334</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total income and contributions</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,196,897</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">DEDUCTIONS&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Distributions paid to participants</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">986,974</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Administrative expenses</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,643</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total deductions</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">989,617</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,207,280</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NET ASSETS AVAILABLE FOR BENEFITS&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Beginning of year</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,585,111</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">End of year</font></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,792,391</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:102.67pt;padding-right:102.67pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">See notes to financial statements. </font></div><div style="margin-top:0.45pt"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">4</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS </font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:11pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 1&#8211;Description of the Plan</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following brief description of the Leidos, Inc. Retirement Plan (the &#8220;Plan&#8221;) is for general information purposes only. Participants should refer to the Plan document for more complete information regarding the Plan. Within these financial statements, Leidos, Inc. (the &#8220;Company&#8221;) refers to the sponsoring employer, and Leidos Holdings, Inc. (&#8220;Leidos&#8221;) refers to the publicly-traded parent of the sponsoring employer.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">GENERAL</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan is a defined contribution plan sponsored by the Company and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (&#8220;ERISA&#8221;). The Plan is a defined contribution 401(k) plan with profit-sharing and employee stock ownership plan (&#8220;ESOP&#8221;) features. Contributions to the Plan from participants and the Company are held in a qualified retirement trust fund. The Leidos, Inc. Retirement Plans Committee is the Plan&#8217;s named fiduciary for purposes of Section 402(a) of ERISA.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">INVESTMENT FUNDS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">As of December 31, 2024, and December 31, 2023, the Plan held an interest in the Leidos, Inc. Master Trust (&#8220;Master Trust&#8221;).</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">ELIGIBILITY</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Employees of the Company and its subsidiaries that have adopted the Plan are eligible to participate in the Plan. Employees must be in an eligible fringe benefit package to be eligible to receive Company matching 401(k) contributions, profit sharing contributions, and ESOP contributions. Employees may make elective contributions and receive Company matching 401(k) contributions upon commencing employment.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">PARTICIPANT CONTRIBUTIONS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">As defined by the Plan, participants may contribute up to 100% of their eligible compensation on a pre-tax basis unless designated as Roth deferrals and&#47;or as traditional after-tax contributions, subject to statutory limitations. Participants who have attained the age of 50 before the end of the plan year are eligible to make catch-up contributions. Certain participants within their collective bargaining agreement with the Company may make an additional elective contribution that is deducted from their Cash or Deferral Agreement. Participants may also contribute amounts representing rollovers from other qualified plans. Participant contributions are invested according to participant direction into any of the available investment funds of the Plan. Participant contributions and rollovers to the Leidos Common Stock Fund are limited to a maximum 50% of the employee deferral or rollover, as applicable.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">EMPLOYER CONTRIBUTIONS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Company may make discretionary contributions, which include matching 401(k) contributions, non-elective contributions, and ESOP contributions. Eligible participants may receive Company matching 401(k) contributions based on a maximum match percentage of 100%, depending on fringe level, of the first 5% of eligible compensation contributed to the Plan (up to a maximum match percentage of 5%), which are invested per participant direction. The Company, at its discretion, may also make additional contributions to the Plan for the benefit of non-highly compensated participants in order to comply with Section 401(k)(3) of the Internal Revenue Code. The Company made no additional contributions for the benefit of non-highly compensated participants for the year ended December 31, 2024. Matching 401(k) company contributions to the Plan for the year ended December 31, 2024, were made in cash and transfers from the forfeiture account. </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">PARTICIPANT ACCOUNTS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">In accordance with Plan provisions, individual accounts are maintained for each Plan participant. Each participant&#8217;s account is credited with the participant&#8217;s contributions, and if eligible, allocations of Company discretionary contributions. Allocations are based on participant eligible compensation, as defined in the Plan document. Participant accounts also reflect changes from investment income and losses and from distributions. The benefit to which a participant is entitled is the vested balance of his or her account.</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">VESTING AND FORFEITURES</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Participant&#8217;s elective deferrals and rollover contributions together with associated earnings vest immediately. Company contributions vest 25% for each of the first two calendar years during which the participant works at least 850 hours and become fully vested after the participant completes three years of vesting service, as defined by the Plan. In addition, participants become fully vested in Company contributions while employed with the Company upon reaching age 59-1&#47;2, permanent disability, or death. Upon termination of employment with the Company, participants forfeit any portion of Company contributions that have not yet vested when they take a full distribution or after five consecutive one-year breaks in service. Forfeitures may be applied to future Company matching 401(k) contributions, to provide reinstatement due to military leave, to increase profit sharing contributions, or to pay Plan expenses. During the year ended December 31, 2024, the Company applied forfeited non-vested amounts of approximately $3,852,000 primarily toward Company matching 401(k) contributions. As of December 31, 2024, and December 31, 2023, forfeited non-vested accounts available for application by the Company totaled approximately $744,000 and $745,000, respectively.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">NOTES RECEIVABLE FROM PARTICIPANTS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Participants may borrow up to 50% of their vested account balance, up to a maximum of $50,000. Loan repayment periods may not exceed 60 months except for loans used to acquire a principal residence, in which case the repayment period may not exceed 30 years. The loans are secured by the vested account balance in the participant&#8217;s account and bear interest at a rate commensurate with local prevailing rates as determined monthly by the Plan administrator. The loans are recorded at amortized cost, which is the remaining unpaid principal balance plus any accrued but unpaid interest. Principal and interest are collected ratably through payroll deductions or through direct payments from terminated employees who have loans. Delinquent loans are reclassified as distributions based upon the terms of the Plan. As of December 31, 2024, and December 31, 2023, outstanding loans bear interest at rates ranging from 4.25% to 9.50% for both periods, and have maturities from January 2025 through November 2054 as of December 31, 2024, and January 2024 through October 2053, as of December 31, 2023.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">DISTRIBUTIONS TO PARTICIPANTS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">For vested account balances less than or equal to $1,000, participants receive their vested account balance in a single lump sum within 16 calendar months following termination of employment with the Company. For balances over $1,000 and less than or equal to $5,000, participants have an opportunity to elect a cash distribution or a rollover to another eligible plan within 16 calendar months following termination. Otherwise, the balance will automatically be rolled over to a Vanguard individual retirement account. For vested account balances that exceed $5,000, a participant&#8217;s vested account balance is not distributed unless the participant elects to take a distribution following the participant&#8217;s termination of employment with the Company. Regardless of the existing account balance, distributions are made to participants who die or become permanently disabled while employed by the Company. After attaining age 59-1&#47;2, a participant may make withdrawals even if still employed by the Company. A participant may make withdrawals from the Plan to their rollover account prior to attaining age 59-1&#47;2, after-tax account or if the participant incurs a financial hardship, as specified by the Plan. Former employees, regardless of their age, may elect to receive unlimited distributions in any given plan year, of all or a portion of their account balance.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">TAX STATUS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Internal Revenue Service (&#8220;IRS&#8221;) has determined and informed the Company by a letter dated February 21, 2024, that the Plan was designed in accordance with the applicable requirements of the Internal Revenue Code (&#34;IRC&#34;) and that the Plan is exempt from federal income tax under Section 501(a) of the IRC. Accordingly, no provision for income taxes has been included in the Plan&#8217;s financial statements. Although the Plan has been amended since receiving the latest determination letter, the Plan administrator and the Plan&#8217;s tax counsel believe that the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the IRC in all material respects. Therefore, the Company believes that the Plan was qualified, and the related trust is tax-exempt. as of the financial statement dates.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Accounting principles generally accepted in the United States of America (&#34;GAAP&#34;) require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service and other taxing authorities. The Plan is subject to routine audits by taxing jurisdictions&#59; however, there are currently no audits for any tax periods in progress.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Certain Plan investments are managed by The Vanguard Group, the Plan&#8217;s trustee and record-keeper&#59; therefore, transactions with these investments qualify as party-in-interest transactions. Fees paid to the record-keeper were approximately $2,643,000 for the year ended December 31, 2024. There were no amounts payable to the Plan&#8217;s record-keeper as of December 31, 2024, and December 31, 2023. Members of the Company&#8217;s Retirement Plans Committee also participate in the Plan. The Company pays directly any other fees related to the Plan&#8217;s operation. In addition, Charles Schwab is the custodian of selected assets, and therefore, transactions with these investments represent exempt party-in-interest transactions. </font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">A portion of the Plan's assets are invested in common stock of the Company.&#160;While the holding and acquisition of employer securities is generally prohibited by ERISA, the Plan meets the exception in ERISA section 407(b), which permits the acquisition and holding of employer securities by an eligible individual account plan.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">At December 31, 2024, and December 31, 2023, Leidos Holdings, Inc. common stock held by the Master Trust was as follows&#58;</font></div><div style="margin-top:1.9pt;padding-right:-1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:68.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.523%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Number of Shares</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,823</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,197&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cost Basis</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">289,536</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">286,326&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value</font></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">838,435</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">671,432&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">TERMINATION OF THE PLAN</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions and to terminate the Plan at any time subject to the provisions of ERISA. Upon termination of the Plan, the participants become 100% vested in any unvested portion of their accounts.</font></div><div style="margin-top:11pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 2&#8211;Significant Accounting Policies</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">BASIS OF ACCOUNTING</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan&#8217;s financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Investment transactions are accounted for on their trade dates.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:3.15pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of additions and deductions during the reporting periods. Actual results may differ from those estimates.</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INVESTMENT VALUATION AND INCOME RECOGNITION  </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investments are held by the Leidos, Inc. Master Trust as of December 31, 2024, and December 31, 2023, and are primarily reported at fair value. Fair value is the price that would have been received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of December 31, 2024, the Master Trust held investments in Mutual Funds, Common Stock, a Self-Directed Brokerage Fund, a Separately Managed Account</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">, </font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Collective Trusts, and a Stable Value Fund.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Realized gains and losses on sales of investments are calculated as the difference between the fair value of the investments upon sale and the fair value of the investments at purchase. Unrealized appreciation or depreciation is calculated as the difference between the fair value of the investments at the end of the year and the fair value of the investments at the beginning of the year or at purchase if purchased during the year. Interest income is recorded on the accrual basis of accounting. Dividends are recorded on the ex-dividend date.</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES RECEIVABLE FROM PARTICIPANTS </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Notes receivable from participants are carried at the aggregate unpaid principal balance of loans outstanding.</font><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when incurred.</font><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ADMINISTRATIVE EXPENSES </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Administrative expenses of the Plan are paid by the Plan sponsor or Plan participants as provided in the Plan document.</font></div><div style="margin-bottom:6pt;margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SUBSEQUENT EVENTS </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan has evaluated subsequent events through the date of this filing. Other than the events mentioned below, no significant events were identified during the period.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Leidos, Inc. entered into a contract with Empower Retirement LLC on December 20, 2024 to transition recordkeeping and trustee services from Vanguard to Empower for the Plan effective July 9, 2025.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Effective as of January 1, 2025, the Plan was amended to increase the matching 401(k) contribution for eligible participants up to 6% of their eligible compensation, and revised its company match vesting policy so that Company contributions vest immediately for eligible participants employed on or after January 1, 2025. Vesting schedules remain in place for participants who terminated on or before December 31, 2024.</font></div><div style="margin-top:11pt;padding-right:-1pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 3&#8211;Fair Value Measurements</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Accounting guidance has been issued that establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:34.55pt;text-indent:-54pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 1&#160;&#160;&#160;&#160;Observable inputs such as quoted prices in active markets.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:5pt;text-indent:-54pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 2&#160;&#160;&#160;&#160;Inputs other than quoted prices in active markets for identical assets or liabilities that are observable either directly or indirectly or quoted prices that are not active.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:-1pt;text-indent:-54pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 3&#160;&#160;&#160;&#160;Unobservable inputs in which there is little or no market data (e.g., discounted cash flow and other similar pricing models), which requires us to develop our own assumptions about the assumptions that market participants would use in pricing the asset or liability.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The availability of observable market data is monitored to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the end of the reporting period.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Following is a description of the valuation methodologies used for assets measured at fair value.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Mutual Funds</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#8212;Investments mutual funds are stated at fair value using the closing market price on the last business day of each period presented.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Common Stock</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#8212;Investments in shares of Leidos Holdings, Inc. common stock which is publicly traded on the New York Stock Exchange, is recorded at its publicly-traded quoted market price as of the last business day of the plan year.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in a Self-Directed Brokerage Fund</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#8212;Investments in the self-directed brokerage fund (&#34;SDBF&#34;) are stated at fair value based on quoted market prices or market data obtained from external independent sources. The SDBF primarily consists of stocks, cash, mutual funds, bonds, certificate of deposits, and preferred debt. </font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Separately Managed Account</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#8212;A portfolio of individual securities, including short term securities and common stock, that is managed on the participant's behalf. Investments in separately managed accounts are stated at fair value based on quoted market prices.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Collective Trusts</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#8212;Investments in collective trusts are stated at the net asset value (&#34;NAV&#34;), which is determined by the trustee using the fair value of the underlying investments.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets of the Master Trust at their fair value as of December 31, 2024&#58;&#160;</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">952,431</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">952,431</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">838,435</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">838,435</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">148,390</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,107</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">162,497</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">767,754</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">767,754</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,707,010</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,107</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,721,117</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</font><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,099,674</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</font></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,820,791</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-1pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets at fair value of the Master Trust as of December 31, 2023&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">920,830&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">920,830&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">671,432&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">671,432&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">100,840&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,912&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">118,752&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">611,097&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">611,097&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,304,199&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,912&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,322,111&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</font><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,133,763&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</font></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,455,874&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:14.4pt;padding-right:-1pt;text-indent:-14.4pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1)</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:5.8pt">Investments measured at NAV per share or its equivalent are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits. These investments, which represent the Master Trust&#8217;s investments in collective trusts, have no unfunded commitments, have a daily redemption frequency and do not have a redemption notice period.</font><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">We evaluate the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total net assets available for benefits. For the years ended December 31, 2024, and December 31, 2023, there were no significant transfers in or out of levels 1, 2, or 3. The Plan did not have any Level 3 investments for the years ended December 31, 2024, and December 31, 2023.</font></div><div style="margin-top:11pt;padding-left:7.45pt;padding-right:-1pt;text-indent:-9.01pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 4&#8211;Plan Interest In Master Trust</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan&#8217;s investments are included in the investments of the Leidos, Inc. Master Trust. Each participant in the retirement plan directs their investments into the funds within the Master Trust. The Plan&#8217;s record keeper maintains supporting records for the purpose of allocating net assets and net gains and losses of each of the investments of the Plans and to each participant&#8217;s account based on participant direction. The Master Trust also includes investment assets of the QTC Management, Inc. Retirement Savings Plan, Leidos Biomedical Research Capital Accumulation Plan and the Leidos Biomedical Research Employee Savings Plan.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table presents the investments of the Master Trust and the Plan's interest in the Master Trust, as of December 31, 2024, and December 31, 2023&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:36.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.399%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.896%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Master Trust Balances</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Plan&#8217;s Interest in Master Trust Balances</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">952,431</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">920,830&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">924,820</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">894,763&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leidos Holdings, Inc. common stock</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">838,435</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">671,432&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">838,435</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">671,432&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Collective trusts</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,099,674</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,133,763&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,461,450</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,592,995&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">162,497</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">118,752&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,707</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">116,263&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">767,754</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">611,097&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">731,017</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">584,472&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Total investments at fair value</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,820,791</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,455,874&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,113,429</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,859,925&#160;</font></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Stable value fund at contract value</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">650,764</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">700,944&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">600,404</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">652,696&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Total investments</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,471,555</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,156,818&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,713,833</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,512,621&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The following table represents the changes in net assets in the Master Trust for the year ended December 31, 2024&#58;</font></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net appreciation in fair value of investments</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,545,974</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest and dividend income</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">106,172</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Total investment income </font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,652,146</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net transfers out of Master Trust</font></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(337,409)</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Master Trust net assets&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Beginning</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,156,818</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Ending</font></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,471,555</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">During 2024, the Plan received an allocation of </font><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">95.6</font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">% on the net investment income in the Master Trust. Investment income is allocated to each plan based on the plan&#8217;s specific interest attributed to the underlying assets of the Master Trust.</font></div><div style="margin-bottom:6pt;margin-top:11pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 5&#8211;Fully Benefit-Responsive Investment Contracts</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Master Trust invests in a stable value fund which holds traditional and synthetic guaranteed investment contracts (&#34;GICs&#34;) that are reported at contract value. Managed separate account GICs are investment contracts invested in insurance company separate accounts, established for the sole benefit of the stable value fund participants. Investment contracts accrue interest based on credit rates established by contract issuers. The synthetic GICs simulate the performance of guaranteed investment contracts through an issuer&#8217;s guarant</font><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">ee of a specific interest rate (the wrapper contract) and a portfolio of financial instruments which include intermediate bond funds and money market funds. </font><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Contract value is the relevant measurement attributable to a GIC because it is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Certain events can limit the ability of the Plan to transact at contract value. Such events include, but are not limited to, complete or partial termination of the Plan or merger with another plan, divestitures of a subsidiary that cause a significant withdrawal from the Plan, or failure of the Plan or Master Trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investment contracts generally impose conditions on the Plan. If an event of default occurs and is not cured, the issuer may terminate the contract. These events may include a breach of material obligation under the contract or a material amendment to the Plan agreement that is not approved and accepted by the issuer. These events may limit the ability of the plan to transact at contract value. Plan management believes that the occurrence of an event that would cause the Master Trust to transact at less than contract value is not probable.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following were investment contracts held by the Master Trust&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.408%"><tr><td style="width:1.0%"></td><td style="width:67.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.952%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.953%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Traditional Investment Contracts</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">31,964</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,553&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Synthetic GICs</font></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">618,800</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">669,391&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">650,764</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">700,944&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:10pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LEIDOS, INC. RETIREMENT PLAN</font></div><div><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES TO FINANCIAL STATEMENTS</font></div><div style="margin-bottom:6pt"><font style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DECEMBER 31, 2024 AND DECEMBER 31, 2023</font></div><div style="margin-top:6pt;padding-left:33.82pt;padding-right:33.82pt;text-align:center"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:11pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 6&#8211;Reconciliation of Financial Statements to Form 5500</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of net assets available for benefits as reported in the financial statements to net assets per Schedule H on Form 5500&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.264%"><tr><td style="width:1.0%"></td><td style="width:67.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets available for benefits as reported in financial statements</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,792,391</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,585,111&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Participant loans deemed distributed</font></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,638)</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,445)</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deemed loans repaid</font></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">190</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">233&#160;</font></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets reported on Schedule H on Form 5500</font></div></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,790,943</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,583,899&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:2.85pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of changes in net assets available for benefits as reported in the financial statements to net income per Schedule H on Form 5500&#58;</font></div><div style="margin-top:6pt;padding-right:2.85pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Increase in net assets available for benefits per the financial statements</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,207,280</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in participant loans deemed distributed</font></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(193)</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in deemed loans repaid</font></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(43)</font></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net income per Schedule H on Form 5500</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,207,044</font><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:11pt"><font style="color:#b15bac;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Note 7&#8211;Risks and Uncertainties</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan invests in various securities. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. The Plan attempts to limit these risks by authorizing and offering participants a broad range of investment options that are invested in high quality securities or are offered and administered by reputable and known investment companies. Due to the level of risk associated with investment securities, it is reasonably possible that changes in the values of certain investment securities will occur in the near term and that such change could materially affect the amounts reported in the statements of net assets available for benefits. The Plan's exposure to a concentration of risk is limited by the diversification of investments across&#160;multiple&#160;investment fund options. Additionally, the investments within each investment fund option are further diversified into varied financial instruments. See Note 2 &#8211; Significant Accounting Policies.</font></div><div style="margin-top:4.6pt;padding-left:7.45pt;padding-right:34.05pt"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> </font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">11</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_310"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">SUPPLEMENTAL SCHEDULE</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:130%">LEIDOS, INC. RETIREMENT PLAN</font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">FORM 5500, SCHEDULE H, PART IV, LINE 4a&#8212;SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS YEAR ENDED DECEMBER 31, 2024 (in thousands)</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div></div><div style="margin-top:6pt;text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">  </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:7.558%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.762%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.240%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">EIN&#58; 95-3630868</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Plan #004</font></td></tr><tr style="height:27pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Year</font></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Participant Contributions Transferred Late to the Plan (Participant Loan Repayments are Included)</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Totals That Constitute Nonexempt Prohibited Transactions</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total Fully Corrected Under Voluntary Fiduciary Correction Program (VFCP) and Prohibited Transition Exemption 2002-51</font></td></tr><tr style="height:53pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Not Corrected</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Corrected Outside VFCP</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Pending Correction in VFCP</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #90158b;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2023</font></div></td><td style="border-top:0.25pt solid #90158b;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5&#160;</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #90158b;padding:0 1pt"></td><td style="border-top:0.25pt solid #90158b;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #90158b;padding:0 1pt"></td><td style="border-top:0.25pt solid #90158b;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5&#160;</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #90158b;padding:0 1pt"></td><td style="border-top:0.25pt solid #90158b;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #90158b;padding:0 1pt"></td><td style="border-top:0.25pt solid #90158b;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-top:0.25pt solid #90158b;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</font></div></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;&#160;</font></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">12</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_25"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:130%">SUPPLEMENTAL SCHEDULE</font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">LEIDOS, INC. RETIREMENT PLAN</font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font style="color:#010202;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">FORM 5500, SCHEDULE H, PART IV, LINE 4i&#8212;SCHEDULE OF ASSETS (HELD AT END OF YEAR) AS OF DECEMBER 31, 2024 (in thousands)</font></div><div style="margin-top:0.45pt;padding-right:-2.15pt;text-align:right"><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:700;line-height:130%">                                                                                                                                        </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:2.940%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.521%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.387%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.521%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.521%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.454%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.521%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.458%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;EIN&#58; 95-3630868  </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Plan #004</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(a)</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(b) Identity of Issue, Borrower, Lessor or Similar Party</font></div></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(c) Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(d) Cost</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(e) Current Value</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">*</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Notes Receivable from Participants</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans&#47;Interest rates from 4.25% to 9.50%&#59; maturities from January 2025 to November 2054</font></div></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">**</font></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">78,558&#160;</font></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">78,558&#160;</font></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">*&#160;&#160;&#160;&#160;Indicates party-in-interest to the Plan.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">** &#160;&#160;&#160;&#160;Not applicable&#8212;participant-directed transaction.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">13</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_28"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:16pt"><font style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:16pt;font-weight:400;line-height:120%">SIGNATURE</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Leidos, Inc. Retirement Plans Committee as Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="margin-top:0.05pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.224%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.576%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:130%">LEIDOS, INC. RETIREMENT PLAN</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Date&#58; June 20, 2025</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">&#47;s&#47; J. Councill Leak</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:130%">J. Councill Leak</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:130%">Treasurer</font></td></tr></table></div><div style="margin-bottom:10pt;margin-top:4pt"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">14</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div><font><br></font></div></div><div style="-sec-extract:summary;margin-bottom:6pt;margin-top:3.45pt;text-align:center"><font style="color:#050707;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:113%">Exhibit Index</font></div><div style="margin-top:3.45pt;padding-left:219.5pt;padding-right:219.5pt;text-align:center"><font><br></font></div><div style="margin-bottom:10pt;margin-top:6pt"><font style="color:#050707;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:130%">Exhibit No.</font></div><div style="margin-bottom:10pt;margin-top:6pt"><font style="color:#050707;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#id4a8643a4daa4e25b5a0f8141ff76820_34" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Consent of Independent Registered Public Accounting Firm</a></font></div><div style="margin-bottom:10pt;margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">15</font></div></div></div><div id="id4a8643a4daa4e25b5a0f8141ff76820_34"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:72.97pt;padding-right:72.97pt;text-align:center"><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:4pt;margin-top:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:130%">Exhibit 23.1</font></div><div style="margin-bottom:4pt;margin-top:4pt;text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:112%">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We have issued our report dated June 20, 2025, with respect to the financial statements and supplemental information included in the Annual Report of Leidos, Inc. Retirement Plan on Form 11-K for the year ended December 31, 2024. We consent to the incorporation by reference of said report in the Registration Statements of Leidos Holdings, Inc. on Form S-8 (File No&#8217;s. 333-138095, 333-153360, 333-169693, and</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">333-218435).</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#47;s&#47; GRANT THORNTON LLP</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Atlanta, Georgia </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">June 20, 2025</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">16</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
