v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 03, 2025
Sep. 27, 2024
Oct. 03, 2025
Sep. 27, 2024
Income Statement [Abstract]        
Revenues $ 4,469 $ 4,190 $ 12,967 $ 12,297
Cost of revenues 3,648 3,428 10,607 10,192
Selling, general and administrative expenses 286 247 733 704
Acquisition, integration and restructuring costs 4 3 10 14
Asset impairment charges 4 6 4 6
Equity earnings of non-consolidated subsidiaries (8) (10) (23) (25)
Operating income 535 516 1,636 1,406
Non-operating income (expense):        
Interest expense, net (51) (46) (155) (146)
Other (expense) income, net 0 0 (1) 4
Income before income taxes 484 470 1,480 1,264
Income tax expense (115) (108) (353) (295)
Net income 369 362 1,127 969
Less: net income (loss) attributable to non-controlling interest 2 (2) 6 (1)
Net income attributable to Leidos common stockholders $ 367 $ 364 $ 1,121 $ 970
Earnings per share:        
Basic (in dollars per share) $ 2.87 $ 2.72 $ 8.69 $ 7.19
Diluted (in dollars per share) $ 2.82 $ 2.68 $ 8.62 $ 7.13