CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023
Assets:
Cash and cash equivalents	$ 633	$ 777
Receivables, net	2,713	2,429
Inventory, net	318	310
Other current assets	486	489
Total current assets	4,150	4,005
Property, plant and equipment, net	972	961
Intangible assets, net	629	667
Goodwill	6,099	6,112
Operating lease right-of-use assets, net	493	512
Other long-term assets	474	438
Total assets	12,817	12,695
Liabilities:
Accounts payable and accrued liabilities	2,301	2,277
Accrued payroll and employee benefits	740	695
Current portion of long-term debt	43	18
Total current liabilities	3,084	2,990
Long-term debt, net of current portion	4,636	4,664
Operating lease liabilities	495	516
Other long-term liabilities	289	267
Total liabilities	8,504	8,437
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock, $0.0001 par value, 500,000,000 shares authorized,135,097,654 and 135,766,419 shares issued and outstanding at March 29, 2024, and December 29, 2023, respectively	0	0
Additional paid-in capital	1,735	1,885
Retained earnings	2,595	2,364
Accumulated other comprehensive loss	(72)	(48)
Total Leidos stockholders’ equity	4,258	4,201
Non-controlling interest	55	57
Total stockholders' equity	4,313	4,258
Total liabilities and stockholders' equity	$ 12,817	$ 12,695

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1