v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 03, 2025
Jan. 03, 2025
Assets:    
Cash and cash equivalents $ 974 $ 849
Receivables, net 2,970 2,645
Inventory, net 360 315
Other current assets 545 525
Total current assets 4,849 4,334
Property, plant and equipment, net 963 991
Intangible assets, net 496 517
Goodwill 6,342 6,084
Operating lease right-of-use assets, net 512 560
Deferred tax assets 32 203
Other long-term assets 348 321
Total assets 13,542 13,010
Liabilities:    
Accounts payable and accrued liabilities 2,158 2,131
Accrued payroll and employee benefits 809 811
Current portion of long-term debt 19 618
Total current liabilities 2,986 3,560
Long-term debt, net of current portion 4,632 4,052
Operating lease liabilities 578 621
Deferred tax liabilities 122 2
Other long-term liabilities 270 315
Total liabilities 8,588 8,550
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 127,854,145 and 131,163,899 shares issued and outstanding at October 3, 2025, and January 3, 2025, respectively 0 0
Additional paid-in capital 588 1,112
Retained earnings 4,375 3,410
Accumulated other comprehensive loss (54) (110)
Total Leidos stockholders’ equity 4,909 4,412
Non-controlling interest 45 48
Total stockholders' equity 4,954 4,460
Total liabilities and stockholders' equity $ 13,542 $ 13,010