v3.25.3
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. 29, 2023     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     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     133,000,000        
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     133,000,000        
Ending balance at Sep. 27, 2024 $ 4,667 4,614   1,469 3,179 (34) 53
Beginning balance (in shares) at Jan. 03, 2025 131,163,899   131,000,000        
Beginning balance at Jan. 03, 2025 $ 4,460 4,412   1,112 3,410 (110) 48
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 365 363     363   2
Other comprehensive income (loss), net of taxes 27 27       27  
Issuances of stock (in shares)     1,000,000        
Issuances of stock 17 17   17      
Repurchases of stock and other (in shares)     (3,000,000)        
Repurchases of stock and other (531) (531)   (531)      
Dividends (52) (52)     (52)    
Stock-based compensation 21 21   21      
Net capital distributions to non-controlling interest (5)           (5)
Ending balance (in shares) at Apr. 04, 2025     129,000,000        
Ending balance at Apr. 04, 2025 $ 4,302 4,257   619 3,721 (83) 45
Beginning balance (in shares) at Jan. 03, 2025 131,163,899   131,000,000        
Beginning balance at Jan. 03, 2025 $ 4,460 4,412   1,112 3,410 (110) 48
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,127            
Other comprehensive income (loss), net of taxes $ 56            
Ending balance (in shares) at Oct. 03, 2025 127,854,145   128,000,000        
Ending balance at Oct. 03, 2025 $ 4,954 4,909   588 4,375 (54) 45
Beginning balance (in shares) at Apr. 04, 2025     129,000,000        
Beginning balance at Apr. 04, 2025 4,302 4,257   619 3,721 (83) 45
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 393 391     391   2
Other comprehensive income (loss), net of taxes 34 34       34  
Issuances of stock 16 16   16      
Repurchases of stock and other (in shares)     (1,000,000)        
Repurchases of stock and other (10) (10)   (10)      
Dividends (51) (51)     (51)    
Stock-based compensation 25 25   25      
Net capital distributions to non-controlling interest (2)           (2)
Ending balance (in shares) at Jul. 04, 2025     128,000,000        
Ending balance at Jul. 04, 2025 4,707 4,662   650 4,061 (49) 45
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 369 367     367   2
Other comprehensive income (loss), net of taxes (5) (5)       (5)  
Issuances of stock 15 15   15      
Repurchases of stock and other (103) (103)   (103)      
Dividends (53) (53)     (53)    
Stock-based compensation 26 26   26      
Net capital distributions to non-controlling interest $ (2)           (2)
Ending balance (in shares) at Oct. 03, 2025 127,854,145   128,000,000        
Ending balance at Oct. 03, 2025 $ 4,954 $ 4,909   $ 588 $ 4,375 $ (54) $ 45