v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Leidos stockholders' equity
Shares of common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Non-controlling interest
Beginning balance (in shares) at Dec. 30, 2022     137,000,000        
Beginning balance at Dec. 30, 2022 $ 4,353 $ 4,299   $ 2,005 $ 2,367 $ (73) $ 54
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 164 162     162   2
Other comprehensive income (loss), net of taxes 9 9       9  
Issuances of stock 14 14   14      
Repurchases of stock and other (43) (43)   (43)      
Dividends (50) (50)     (50)    
Stock-based compensation 18 18   18      
Net capital distributions to non-controlling interest (1)           (1)
Ending balance (in shares) at Mar. 31, 2023     137,000,000        
Ending balance at Mar. 31, 2023 4,464 4,409   1,994 2,479 (64) 55
Beginning balance (in shares) at Dec. 30, 2022     137,000,000        
Beginning balance at Dec. 30, 2022 4,353 4,299   2,005 2,367 (73) 54
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (22)            
Other comprehensive income (loss), net of taxes (22)            
Ending balance (in shares) at Sep. 29, 2023     138,000,000        
Ending balance at Sep. 29, 2023 4,203 4,146   2,055 2,186 (95) 57
Beginning balance (in shares) at Mar. 31, 2023     137,000,000        
Beginning balance at Mar. 31, 2023 4,464 4,409   1,994 2,479 (64) 55
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 210 207     207   3
Other comprehensive income (loss), net of taxes 1 1       1  
Issuances of stock 14 14   14      
Dividends (50) (50)     (50)    
Stock-based compensation 19 19   19      
Net capital distributions to non-controlling interest (5) (3)   (3)     (2)
Ending balance (in shares) at Jun. 30, 2023     137,000,000        
Ending balance at Jun. 30, 2023 4,653 4,597   2,024 2,636 (63) 56
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (396) (399)     (399)   3
Other comprehensive income (loss), net of taxes (32) (32)       (32)  
Issuances of stock (in shares)     1,000,000        
Issuances of stock 12 12   12      
Repurchases of stock and other (1) (1)   (1)      
Dividends (51) (51)     (51)    
Stock-based compensation 20 20   20      
Net capital distributions to non-controlling interest (2)           (2)
Ending balance (in shares) at Sep. 29, 2023     138,000,000        
Ending balance at Sep. 29, 2023 $ 4,203 4,146   2,055 2,186 (95) 57
Beginning balance (in shares) at Dec. 29, 2023 135,766,419   136,000,000        
Beginning balance at Dec. 29, 2023 $ 4,258 4,201   1,885 2,364 (48) 57
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 283 284     284   (1)
Other comprehensive income (loss), net of taxes (24) (24)       (24)  
Issuances of stock 14 14   14      
Repurchases of stock and other (in shares)     (1,000,000)        
Repurchases of stock and other (184) (184)   (184)      
Dividends (53) (53)     (53)    
Stock-based compensation 20 20   20      
Net capital distributions to non-controlling interest (1)           (1)
Ending balance (in shares) at Mar. 29, 2024     135,000,000        
Ending balance at Mar. 29, 2024 $ 4,313 4,258   1,735 2,595 (72) 55
Beginning balance (in shares) at Dec. 29, 2023 135,766,419   136,000,000        
Beginning balance at Dec. 29, 2023 $ 4,258 4,201   1,885 2,364 (48) 57
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 969            
Other comprehensive income (loss), net of taxes $ 14            
Ending balance (in shares) at Sep. 27, 2024 133,337,275   133,000,000        
Ending balance at Sep. 27, 2024 $ 4,667 4,614   1,469 3,179 (34) 53
Beginning balance (in shares) at Mar. 29, 2024     135,000,000        
Beginning balance at Mar. 29, 2024 4,313 4,258   1,735 2,595 (72) 55
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 324 322     322   2
Other comprehensive income (loss), net of taxes 7 7       7  
Issuances of stock (in shares)     1,000,000        
Issuances of stock 14 14   14      
Repurchases of stock and other (in shares)     (1,000,000)        
Repurchases of stock and other (115) (115)   (115)      
Dividends (51) (51)     (51)    
Stock-based compensation 20 20   20      
Net capital distributions to non-controlling interest (2)           (2)
Ending balance (in shares) at Jun. 28, 2024     135,000,000        
Ending balance at Jun. 28, 2024 4,510 4,455   1,654 2,866 (65) 55
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 362 364     364   (2)
Other comprehensive income (loss), net of taxes 31 31       31  
Issuances of stock 1 1   1      
Repurchases of stock and other (in shares)     (2,000,000)        
Repurchases of stock and other (205) (205)   (205)      
Dividends (51) (51)     (51)    
Stock-based compensation $ 19 19   19      
Ending balance (in shares) at Sep. 27, 2024 133,337,275   133,000,000        
Ending balance at Sep. 27, 2024 $ 4,667 $ 4,614   $ 1,469 $ 3,179 $ (34) $ 53