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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenues $ 3,975 $ 3,699 Close
Cost of revenues 3,337 3,204 Close
Selling, general and administrative expenses 226 233 Close
Acquisition, integration and restructuring costs 4 3 Close
Equity earnings of non-consolidated subsidiaries (7) (6) CloseClose
Total Operating Expenses 3560.0 3434.0 0 0 0 Close
Operating income 415 265 Close
Non-operating income (expense):     Close
Interest expense, net (49) (54) Close
Total Other Income Expenses -47.0 -58.0 0.0 0 0 Close
Other income (expense), net 2 (4) CloseCloseClose
Income before income taxes 368 207 Close
Income tax expense (85) (43) Close
Net income 283 164 Close
Less: net (loss) income attributable to non-controlling interest (1) 2
Net income attributable to Leidos common stockholders $ 284 $ 162
Earnings per share:    
Basic (in dollars per share) $ 2.09 $ 1.18
Diluted (in dollars per share) $ 2.07 $ 1.17