Acquisitions |
3 Months Ended |
|---|---|
May 01, 2026 | |
| Business Combination [Abstract] | |
| Acquisitions | Note 4—Acquisitions: Acquisition of SilverEdge Government Solutions (“SilverEdge”) On October 15, 2025, the Company acquired SilverEdge, an innovative provider of mission-driven technology solutions and products, for a preliminary purchase price of $203 million, net of $6 million cash acquired, subject to post-closing adjustments. The acquisition advances the Company's strategy to provide mission focused, IP-based solutions and commercial products to its customers. The Company funded the transaction from increased borrowings and cash on hand. As of May 1, 2026, the Company has substantially completed the purchase price allocation related to this acquisition, primarily subject to the finalization of working capital adjustments. The Company has preliminarily recorded goodwill and amortizable intangible assets of $93 million and $101 million, respectively. Substantially all of the goodwill recorded is tax deductible. The goodwill is primarily associated with intellectual capital and an acquired assembled workforce. The intangible assets consist of customer relationships of $90 million, developed technology of $9 million, and backlog of $2 million that will be amortized over a period of ten years, eight years, and one year, respectively. During the three months ended May 1, 2026, revenues of $19 million related to SilverEdge were recorded to the Defense and Intelligence reportable segment.
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