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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2024
Dec. 29, 2023
Assets:    
Cash and cash equivalents $ 823 $ 777
Receivables, net 2,615 2,429
Inventory, net 333 310
Other current assets 458 489
Total current assets 4,229 4,005
Property, plant and equipment, net 984 961
Intangible assets, net 592 667
Goodwill 6,102 6,112
Operating lease right-of-use assets, net 480 512
Other long-term assets 522 438
Total assets 12,909 12,695 Close
Liabilities:    
Accounts payable and accrued liabilities 2,235 2,277
Accrued payroll and employee benefits 703 695
Current portion of long-term debt 567 18
Total current liabilities 3,505 2,990
Long-term debt, net of current portion 4,109 4,664
Operating lease liabilities 486 516
Other long-term liabilities 299 267
Total liabilities 8,399 8,437 Close
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized,134,709,785 and 135,766,419 shares issued and outstanding at June 28, 2024, and December 29, 2023, respectively 0 0
Additional paid-in capital 1,654 1,885
Retained earnings 2,866 2,364
Accumulated other comprehensive loss (65) (48)
Total Leidos stockholders’ equity 4,455 4,201
Non-controlling interest 55 57
Total stockholders' equity 4,510 4,258 Close
Total liabilities and stockholders' equity $ 12,909 $ 12,695