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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Income Statement [Abstract]        
Revenues $ 4,190 $ 3,921 $ 12,297 $ 11,458 Close
Cost of revenues 3,428 3,334 10,192 9,809 Close
Selling, general and administrative expenses 247 239 704 709 Close
Acquisition, integration and restructuring costs 3 5 14 14 Close
Goodwill impairment charges 0 599 0 599 Close
Asset impairment charges 6 88 6 88 Close
Equity earnings of non-consolidated subsidiaries (10) (8) (25) (21) CloseClose
Total Operating Expenses 3674.0 4257.0 10891.0 11198.0 0 Close
Operating income (loss) 516 (336) 1,406 260 Close
Non-operating income (expense):         Close
Interest expense, net (46) (53) (146) (163) Close
Total Other Income Expenses -46.0 -52.0 -142.0 -167.0 0.0 Close
Other income (expense), net 0 1 4 (4) CloseCloseClose
Income (loss) before income taxes 470 (388) 1,264 93 Close
Income tax expense (108) (8) (295) (115) Close
Net income (loss) 362 (396) 969 (22) Close
Less: net (loss) income attributable to non-controlling interest (2) 3 (1) 8
Net income (loss) attributable to Leidos common stockholders $ 364 $ (399) $ 970 $ (30)
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 2.72 $ (2.91) $ 7.19 $ (0.22)
Diluted (in dollars per share) $ 2.68 $ (2.91) $ 7.13 $ (0.22)