XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2Close
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 4,132 $ 3,838 $ 8,107 $ 7,537 Close
Cost of revenues 3,427 3,271 6,764 6,475 Close
Selling, general and administrative expenses 231 237 457 470 Close
Acquisition, integration and restructuring costs 7 6 11 9 Close
Equity earnings of non-consolidated subsidiaries (8) (7) (15) (13) CloseClose
Total Operating Expenses 3657.0 3507.0 7217.0 6941.0 0 Close
Operating income 475 331 890 596 Close
Non-operating income (expense):         Close
Interest expense, net (51) (56) (100) (110) Close
Total Other Income Expenses -49.0 -57.0 -96.0 -115.0 0.0 Close
Other income (expense), net 2 (1) 4 (5) CloseCloseClose
Income before income taxes 426 274 794 481 Close
Income tax expense (102) (64) (187) (107) Close
Net income 324 210 607 374 Close
Less: net income attributable to non-controlling interest 2 3 1 5
Net income attributable to Leidos common stockholders $ 322 $ 207 $ 606 $ 369
Earnings per share:        
Basic (in dollars per share) $ 2.39 $ 1.51 $ 4.49 $ 2.69
Diluted (in dollars per share) $ 2.37 $ 1.50 $ 4.42 $ 2.67