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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 03, 2026
Jan. 02, 2026
Assets:    
Cash and cash equivalents $ 457 $ 1,108
Receivables, net 3,028 2,708
Inventory, net 336 342
Other current assets 582 656
Total current assets 4,403 4,814
Property, plant and equipment, net 966 961
Intangible assets, net 993 458
Goodwill 8,094 6,342
Operating lease right-of-use assets, net 553 526
Deferred tax assets 35 48
Other long-term assets 343 344
Total assets 15,387 13,493
Liabilities:    
Accounts payable and accrued liabilities 2,145 1,988
Accrued payroll and employee benefits 687 819
Short-term debt and current portion of long-term debt 320 20
Total current liabilities 3,152 2,827
Long-term debt, net of current portion 6,014 4,628
Operating lease liabilities 610 587
Deferred tax liabilities 280 221
Other long-term liabilities 267 268
Total liabilities 10,323 8,531
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 125,783,512 and 126,380,657 shares issued and outstanding at April 3, 2026, and January 2, 2026, respectively 0 0
Additional paid-in capital 117 319
Retained earnings 4,921 4,647
Accumulated other comprehensive loss (25) (50)
Total Leidos stockholders’ equity 5,013 4,916
Non-controlling interest 51 46
Total stockholders' equity 5,064 4,962
Total liabilities and stockholders' equity $ 15,387 $ 13,493