v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2026
Jan. 02, 2026
Assets:    
Cash and cash equivalents $ 748 $ 1,108
Receivables, net 2,968 2,708
Inventory, net 94 342
Other current assets 493 656
Assets held for sale 943 0
Total current assets 5,246 4,814
Property, plant and equipment, net 900 961
Intangible assets, net 943 458
Goodwill 7,663 6,342
Operating lease right-of-use assets, net 491 526
Other long-term assets 389 392
Total assets 15,632 13,493
Liabilities:    
Accounts payable and accrued liabilities 2,180 1,988
Accrued payroll and employee benefits 855 819
Current portion of long-term debt 22 20
Liabilities held for sale 163 0
Total current liabilities 3,220 2,827
Long-term debt, net of current portion 6,009 4,628
Operating lease liabilities 547 587
Other long-term liabilities 520 489
Total liabilities 10,296 8,531
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 125,492,013 and 126,380,657 shares issued and outstanding at July 3, 2026, and January 2, 2026, respectively 0 0
Additional paid-in capital 88 319
Retained earnings 5,219 4,647
Accumulated other comprehensive loss (23) (50)
Total Leidos stockholders’ equity 5,284 4,916
Non-controlling interest 52 46
Total stockholders' equity 5,336 4,962
Total liabilities and stockholders' equity $ 15,632 $ 13,493