← Filings of LDOS
Tables in the 10-K of Leidos Holdings, Inc.
82 tables with numbers, filed Feb 11, 2025. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| Forward-Looking Statements | 1 |
| Part I | |
| Item 1. Business | 3 |
| Item 1A. Risk Factors | 14 |
| Item 1B. Unresolved Staff Comments | 37 |
| Item 1C. Cybersecurity | 37 |
| Item 2. Properties | 38 |
| Item 3. Legal Proceedings | 39 |
First 8 of 30 rows. The CSV has all of them.
Table 2 after “Based on employees who self-identify.”
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| Age of global employees | |
| Less than 30 years | 15% |
| 30-50 years | 48% |
| Greater than 50 years | 37% |
Table 3 after “Based on employees who self-identify.”
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| Ethnicity of U.S. employees(1) | |
| White | 59% |
| Black | 14% |
| Asian/Indian | 10% |
| Hispanic/Latino | 10% |
| Other | 4% |
| Undisclosed | 3% |
Table 4 after “As of January 3, 2025, we owned the following properties:”
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| Location | Number of buildings | Square footage | Acreage | |
| Huntsville, Alabama | 7 | 801,000 | | 90.7 |
| Columbia, Maryland | 1 | 95,000 | | 7.3 |
| Orlando, Florida | 1 | 85,000 | | 8.5 |
| Oak Ridge, Tennessee | 1 | 83,000 | | 8.4 |
| Decatur, Alabama | 1 | 50,000 | | 5.0 |
Table 5 after “The following is a list of the names and ages (as of February 11, 2025) of our executive officers, indicating all positions and offices held”
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| Name of Officer | Age | Position(s) with the company and prior business experience |
| Thomas A. Bell | 64 | Mr. Bell serves as the Chief Executive Officer of Leidos. He joined Leidos as CEO on May 3, 2023. Mr. Bell has held leadership roles as President – Defense Rolls-Royce plc; Chairman and CEO – Rolls-Royce North America (Rolls-Royce) since February 2018. Prior to that, Mr. Bell was Senior Vice President of global sales and marketing for defense, space and security at The Boeing Company (Boeing) from 2015. Before joining Boeing in 2015, Mr. Bell was President of Rolls-Royce Defense Aerospace, having joined as President, Customer Business, North America in mid-2012. |
| Christopher R. Cage | 53 | Mr. Cage has served as Executive Vice President and Chief Financial Officer since July 2021. He has served in several capacities throughout his 25-year tenure with Leidos, including Senior Vice President, Chief Accounting Officer and Corporate Controller, Senior Vice President for Financial Planning and Analysis and Chief Financial Officer for the Health Group. |
| Daniel Atkinson | 46 | Mr. Atkinson has served as the Senior Vice President, Chief Accounting Officer and Corporate Controller since 2024. Previously, he served as the Company's Assistant Corporate Controller since June 2021. Prior to joining Leidos, Mr. Atkinson was Director of Technical Accounting and Revenue Recognition at Booz Allen Hamilton from April 2018 until June 2021. He also held key leadership roles within the controller's organization at CSRA, Inc. from October 2016 to April 2018. |
| Gerard A. Fasano | 59 | Mr. Fasano has served as Executive Vice President, Chief Growth Officer since January 2024. Previously, he served as President for our Defense Group since October 2018. Mr. Fasano also served as the Company’s Chief of Business Development and Strategy Officer, and led the separation from the Lockheed Martin Corporation and the integration of the Information Systems & Global Solutions Business into Leidos. Prior to joining Leidos, Mr. Fasano served Lockheed Martin Corporation for over 30 years. |
| Daniel J. Antal | 53 | Mr. Antal has served as Executive Vice President and General Counsel since April 2024. He rejoined Leidos in April 2024 after serving as General Counsel for Rolls-Royce Defense and North America since January 2021. Prior to joining Leidos, Mr. Antal served as U.S. senior counsel for a Canadian based A&E firm, and previously spent 10 years with MWH Global. He held a variety of leadership roles at MWH, including as Associate General Counsel, Director of Risk Management for the Middle East, and completed a two-year assignment in the UK in operational capacity, where he led the integration of a strategic acquisition and assumed the role of International Managing Director. |
| Elizabeth M. Porter | 54 | Ms. Porter has served as President for the Health and Civil Sector since January 2024. Previously, she served as President for our Health Group since August 2020 and, before that, as Acting Group President for the Health Group since March 2020. Ms. Porter also served as Senior Vice President and Operation Manager for Leidos’ Federal Energy and Environment business. Prior to that role, Ms. Porter served as the Department of Defense Information Networks & Mission Partner Program Director. Prior to joining Leidos, Ms. Porter served Lockheed Martin Corporation in several capacities, most recently as Director of Energy Initiatives, Corporate Engineering and Technology. |
Table 6 after “EXECUTIVE OFFICERS OF THE REGISTRANT”
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| Name of Officer | Age | Position(s) with the company and prior business experience |
| Roy Stevens | 56 | Mr. Stevens has served as President for the National Security Sector since January 2024. Previously, he served as President for our Intelligence Group since July 2021, and before that, as Chief of Business Development and Strategy. Prior to joining Leidos, Mr. Stevens served Lockheed Martin Corporation in a variety of executive level positions for over 20 years, most recently as Vice President of Global Solutions under the Information Systems & Global Solutions business, and has also been integral to the merger and acquisition of several companies during his career. He serves on the Board of Directors for the Intelligence and National Security Alliance and Cornerstones as well as the Advisory Board for the Center for a New American Security. |
| Thomas C. Sanglier | 64 | Mr. Sanglier has served as Senior Vice President and Chief Audit Executive since July 2022. Prior to joining Leidos, Mr. Sanglier served as Senior Director, Internal Audit with Raytheon Technologies from November 2016 to June 2022 and as a Partner with Ernst & Young’s Advisory practice serving private and public organizations in the technology, manufacturing and professional services industries during June 2008 to December 2010. He previously served as Chair of the North American Board and a member of the Global Board of the Institute of Internal Auditors (“IIA”) from April 2022 to March 2023. He has been involved as a volunteer leader with the IIA since becoming a member in 2011. Mr. Sanglier has also served as a member of The IIA’s Audit Committee, Guidance Development Committee, North American Publications Advisory Committee and multiple task forces. |
| Leslie Fautsch | 52 | Ms. Fautsch has served as Chief Human Resources Officer of Leidos since October 2024. Ms. Fautsch has held several key leadership roles at Leidos, including Senior Vice President for Human Resources Operations and Total Rewards, Vice President of Human Resources Strategic Operations, and Vice President of Human Resources for corporate and enterprise functions. Prior to joining Leidos in 2011, she held senior leadership roles in Human Resources management, employee relations, and ethics at Northrop Grumman. |
| James F. Carlini | 59 | Mr. Carlini has served as Chief Technology Officer of Leidos since June 2019. Prior to joining Leidos, Mr. Carlini founded and operated a national security consultancy from May 2006 to October 2018. Previously, Mr. Carlini served at Northrop Grumman Electronic Systems from July 2002 to May 2006, with his last position being Vice President of Advanced Development Programs. He also served at the Defense Advanced Research Projects Agency (DARPA) for six years, with his last position being Director of the Special Projects Office. Mr. Carlini is a former member of the United States Army Science Board and the United States Air Force Scientific Advisory Board. He is currently a member of the Department of Defense’s Defense Science Board. |
| M. Victoria Schmanske | 62 | Ms. Schmanske has served as the President of the Commercial and International Sector since January 2024. Previously, she served as the Executive Vice President of Leidos Corporate Operations since July 2021, and before that, as President for the Intelligence Group. Ms. Schmanske has also served as the Leidos Chief Administrative Officer and Deputy President and Chief Operations Officer for the Health Group. Prior to joining Leidos, Ms. Schmanske served Lockheed Martin Corporation for over 30 years, most recently as Vice President for Operations IS&GS. She serves on multiple outside boards to include the University of Virginia School of Data Science Advisory Board, the Virginia Engineering Foundation Board of Directors, and The Women’s Center. |
Table 7 after “EXECUTIVE OFFICERS OF THE REGISTRANT”
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| Name of Officer | Age | Position(s) with the company and prior business experience |
| Cindy Gruensfelder | 59 | Ms. Gruensfelder has served as the President of the Defense Systems Sector since January 2024. Ms. Gruensfelder has extensive Aerospace and Defense leadership expertise, serving for more than 30 years in a variety of leadership roles at Boeing, and its heritage company, McDonnell Douglas. She served as Vice President and General Manager of the Missile and Weapon Systems (“MWS”), division of Boeing Defense, Space & Security, from April 2021 to November 2022, and prior to that role, as Vice President of Weapons for the MWS division from October 2018 to April 2021. |
| Steve Hull | 55 | Mr. Hull has served as the President for the Digital Modernization Sector since January 2024. Previously, he served as Executive Vice President and Operations Manager for Enterprise and Cyber Solutions at Leidos from March 2022 through December 2023, and Chief Information Officer (“CIO”) at Leidos from August 2016 through March 2022. Prior to joining Leidos, Mr. Hull served as the CIO of the Lockheed Martin Corporation’s Information Systems & Global Solutions business area from January 2013 through August 2016, ensuring operations and security of IT systems for over 20,000 employees. Mr. Hull has over 30 years of experience in the IT field. |
Table 8 after “COMPARISON OF CUMULATIVE TOTAL RETURN”
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| Company/Market/Peer Group | 1/3/2020 | 1/1/2021 | 12/31/2021 | 12/30/2022 | 12/29/2023 | 1/3/2025 | | | |
| Leidos Inc. | $100.00 | | $107.22 | | $91.99 | | $110.43 | $115.41 | $158.58 |
| S&P 500 Composite Index | $100.00 | | $116.11 | | $147.34 | | $118.69 | $147.45 | $183.70 |
| S&P 500 IT Services Index | $100.00 | | $120.77 | | $125.47 | | $100.99 | $132.74 | $147.85 |
Table 9 after “The following table presents information related to the repurchases of our common stock during the quarter ended January 3, 2025:”
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| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | | Total Numberof Shares Purchased as Part of Publicly Announced Repurchase Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(2) | |
| September 28, 2024 - September 30, 2024 | 62.00 | | $157.06 | | — | 9,819,502 |
| October 1, 2024 - October 31, 2024 | — | | — | | — | 9,819,502 |
| November 1, 2024 - November 30, 2024 | 1,471,766 | | 169.86 | | 1,471,766 | 8,347,736 |
| December 1, 2024 - December 31, 2024 | 942,326 | | 159.18 | | 942,326 | 7,405,410 |
| January 1, 2025 - January 3, 2025 | — | | — | | — | 7,405,410 |
| Total | 2,414,154 | | $165.69 | | 2,414,092 | |
Table 10 after “Our results of operations for the periods presented were as follows:”
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| Year Ended | 2024 to 2023 | | 2023 to 2022 | | | | | |
| (dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | Percent change | | | |
| Revenues | $16,662 | | $15,438 | | $14,396 | | 8% | | 7% |
| Cost of revenues | 13,864 | | 13,194 | | 12,312 | | 5% | | 7% |
| Selling, general and administrative expenses | 983 | | 942 | | 951 | | 4% | | (1)% |
| Acquisition, integration and restructuring costs | 16 | | 24 | | 17 | | (33)% | | 41% |
| Goodwill impairment charges | — | | 596 | | — | | NM | NM | |
| Asset impairment charges | 11 | | 91 | | 40 | | (88)% | | 128% |
First 8 of 17 rows. The CSV has all of them.
| Year Ended | 2024 to 2023 | | 2023 to 2022 | | | | |
| National Security & Digital (dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | Percent change | | |
| Revenues | $7,365 | | $7,196 | | $6,745 | | 2% | 7% |
| Operating income | 720 | | 672 | | 606 | | 7% | 11% |
| Operating margin | 9.8% | | 9.3% | | 9.0% | | | |
| Year Ended | 2024 to 2023 | | 2023 to 2022 | | | | |
| Health & Civil(dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | Percent change | | |
| Revenues | $5,015 | | $4,238 | | $3,945 | | 18% | 7% |
| Operating income | 1,095 | | 574 | | 448 | | 91% | 28% |
| Operating margin | 21.8% | | 13.5% | | 11.4% | | | |
Table 13 after “The increase in operating income for fiscal 2023 as compared to fiscal 2022, was primarily attributable to a net increase in earnings from i”
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| Year Ended | 2024 to 2023 | | 2023 to 2022 | | | | |
| Commercial & International(dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | Percent change | | |
| Revenues | $2,252 | | $2,126 | | $1,900 | | 6% | 12% |
| Operating income (loss) | 104 | | (560) | | 131 | | 119% | NM |
| Operating margin | 4.6% | | (26.3)% | | 6.9% | | | |
Table 14 after “The decrease in operating income for fiscal 2023 as compared to fiscal 2022, was primarily attributable to impairment and restructuring char”
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| Year Ended | 2024 to 2023 | | | 2023 to 2022 | | | |
| Defense Systems(dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | | Percent change | |
| Revenues | $2,030 | | $1,878 | | $1,806 | 8% | | 4% |
| Operating income | 94 | | 65 | | 11 | 45% | | 491% |
| Operating margin | 4.6% | | 3.5% | | 0.6% | | | |
Table 15 after “The increase in operating income for fiscal 2023 as compared to fiscal 2022, was primarily attributable a net increase in volumes on certain”
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| Year Ended | 2024 to 2023 | | 2023 to 2022 | | | | |
| Corporate(dollars in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | Percent change | Percent change | | |
| Operating loss | $(186) | | $(130) | | $(108) | | (43)% | (20)% |
Table 16 after “The estimated value of our segment backlog for the periods presented was as follows:”
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| January 3, 2025 | December 29, 2023 | | | | | | | | |
| (in millions) | Funded | Unfunded | | Total | Funded | Unfunded | | Total | | |
| National Security & Digital | $2,881 | | $19,086 | | $21,967 | | $2,714 | | $15,113 | $17,827 |
| Health & Civil | 1,456 | | 10,568 | | 12,024 | | 2,334 | | 9,044 | 11,378 |
| Commercial & International | 2,456 | | 1,901 | | 4,357 | | 2,567 | | 1,105 | 3,672 |
| Defense Systems | 1,616 | | 3,590 | | 5,206 | | 1,181 | | 2,904 | 4,085 |
| Total | $8,409 | | $35,145 | | $43,554 | | $8,796 | | $28,166 | $36,962 |
Table 17 after “Our earnings and profitability may vary materially depending on changes in the proportionate amount of revenues derived from each type of co”
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| Year Ended | | | | |
| January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Cost-reimbursement and fixed-price-incentive-fee | 44% | | 48% | | 50% |
| Firm-fixed-price | 43% | | 39% | | 38% |
| Time-and-materials and fixed-price-level-of-effort | 13% | | 13% | | 12% |
| Total | 100% | | 100% | | 100% |
Table 18 after “The following table summarizes cash flow information for the periods presented:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Net cash provided by operating activities(1) | $1,392 | | $1,165 | | $992 |
| Net cash used in investing activities | (142) | | (211) | | (313) |
| Net cash used in financing activities | (1,084) | | (715) | | (865) |
Table 19 after “BALANCE SHEET INFORMATION FOR THE GUARANTOR AND ISSUER OF REGISTERED NOTES”
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| (in millions) | January 3, 2025 |
| Total current assets | $2,550 |
| Goodwill | 5,673 |
| Other long-term assets | 1,498 |
| Total assets | $9,721 |
| Total current liabilities | $2,677 |
| Long-term debt, net of current portion | 4,052 |
| Intercompany payables | 3,319 |
First 8 of 10 rows. The CSV has all of them.
Table 20 after “STATEMENT OF OPERATIONS INFORMATION FOR THE GUARANTOR AND ISSUER OF REGISTERED NOTES”
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| (in millions) | January 3, 2025 |
| Revenues, net | $10,564 |
| Operating income | 807 |
| Net income attributable to Leidos common stockholders | 119 |
Table 21 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
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| Page |
| CONSOLIDATED FINANCIAL STATEMENTS | |
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) | 59 |
| Consolidated Balance Sheets as of January 3, 2025, and December 29, 2023 | 62 |
| Consolidated Statements of Operations for the fiscal years ended January 3, 2025, December 29, 2023, and December 30, 2022 | 63 |
| Consolidated Statements of Comprehensive Income for the fiscal years ended January 3, 2025, December 29, 2023, and December 30, 2022 | 64 |
| Consolidated Statements of Equity for the fiscal years ended January 3, 2025, December 29, 2023, and December 30, 2022 | 65 |
| Consolidated Statements of Cash Flows for the fiscal years ended January 3, 2025, December 29, 2023, and December 30, 2022 | 66 |
First 8 of 9 rows. The CSV has all of them.
| (in millions, except share and per share data) | January 3, 2025 | December 29, 2023 | |
| Assets: | | | |
| Cash and cash equivalents | $943 | | $777 |
| Receivables, net | 2,645 | | 2,429 |
| Inventory, net | 315 | | 310 |
| Other current assets | 525 | | 489 |
| Total current assets | 4,428 | | 4,005 |
| Property, plant and equipment, net | 991 | | 961 |
First 8 of 33 rows. The CSV has all of them.
Table 23 after “CONSOLIDATED STATEMENTS OF OPERATIONS”
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| Year Ended | | | | |
| (in millions, except per share data) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Revenues | $16,662 | | $15,438 | | $14,396 |
| Cost of revenues | 13,864 | | 13,194 | | 12,312 |
| Selling, general and administrative expenses | 983 | | 942 | | 951 |
| Acquisition, integration and restructuring costs | 16 | | 24 | | 17 |
| Goodwill impairment charges | — | | 596 | | — |
| Asset impairment charges | 11 | | 91 | | 40 |
First 8 of 21 rows. The CSV has all of them.
Table 24 after “CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Net income | $1,251 | | $208 | | $693 |
| Foreign currency translation adjustments | (59) | | 34 | | (95) |
| Unrecognized (loss) gain on derivative instruments | (4) | | (8) | | 54 |
| Pension adjustments | 1 | | (1) | | (20) |
| Total other comprehensive (loss) income, net of taxes | (62) | | 25 | | (61) |
| Comprehensive income | 1,189 | | 233 | | 632 |
First 8 of 10 rows. The CSV has all of them.
Table 25 after “CONSOLIDATED STATEMENTS OF EQUITY”
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| (in millions, except for per share data) | Shares of common stock | Additional paid-in capital | | Retained earnings | Accumulated other comprehensive income (loss) | Leidos stockholders' equity | | Non-controlling interest | Total stockholders' equity | | |
| Balance at December 31, 2021 | 140 | | $2,423 | | $1,880 | | $(12) | | $4,291 | $53 | $4,344 |
| Net income | — | | — | | 685 | | — | | 685 | 8 | 693 |
| Other comprehensive loss, net of taxes | — | | — | | — | | (61) | | (61) | — | (61) |
| Issuances of stock | 1 | | 51 | | — | | — | | 51 | — | 51 |
| Repurchases of stock and other | (4) | | (542) | | — | | — | | (542) | — | (542) |
| Dividends of $1.44 per share | — | | — | | (198) | | — | | (198) | — | (198) |
| Stock-based compensation | — | | 73 | | — | | — | | 73 | — | 73 |
First 8 of 26 rows. The CSV has all of them.
Table 26 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Cash flows from operations: | | | | | |
| Net income | $1,251 | | $208 | | $693 |
| Adjustments to reconcile net income to net cash provided by operations: | | | | | |
| Depreciation and amortization | 290 | | 331 | | 333 |
| Stock-based compensation | 85 | | 77 | | 73 |
| Goodwill impairment charges | — | | 596 | | — |
First 8 of 41 rows. The CSV has all of them.
Table 27 after “CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Supplementary cash flow information: | | | | | |
| Cash paid for interest | $226 | | $207 | | $195 |
| Cash paid for income taxes, net of refunds | 460 | | 435 | | 217 |
| Non-cash investing activity: | | | | | |
| Property, plant and equipment additions | $72 | | $2 | | $7 |
| Non-cash financing activity: | | | | | |
First 8 of 9 rows. The CSV has all of them.
Table 28 after “Changes in estimates on contracts for the periods presented were as follows:”
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| Year Ended | | | | |
| (in millions, except for per share amounts) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Favorable impact | $184 | | $140 | | $146 |
| Unfavorable impact | (153) | | (100) | | (113) |
| Net favorable impact to income before income taxes | $31 | | $40 | | $33 |
| Impact on diluted EPS attributable to Leidos common stockholders | $0.17 | | $0.22 | | $0.17 |
Table 29 after “Depreciation is recognized using the methods and estimated useful lives as follows:”
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| Depreciation method | Estimated useful lives (in years) |
| Computers and other equipment | Straight-line or declining-balance | 2-15 |
| Buildings | Straight-line | Not to exceed 40 |
| Building improvements and leasehold improvements | Straight-line | Shorter of useful life of asset or remaining lease term |
| Vehicles and transportation equipment | Straight-line | 3-15 |
| Office furniture and fixtures | Straight-line or declining-balance | 6-9 |
Table 30 after “Disaggregated revenues by customer-type were as follows:”
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| Year Ended January 3, 2025 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| DoD and U.S. Intelligence Community | $5,074 | | $1,032 | | $44 | | $1,812 | $7,962 |
| Other U.S. government agencies(1) | 2,115 | | 3,899 | | 379 | | 95 | 6,488 |
| Commercial and non-U.S. customers | 115 | | 63 | | 1,825 | | 123 | 2,126 |
| Total | $7,304 | | $4,994 | | $2,248 | | $2,030 | $16,576 |
Table 31 after “Disaggregated revenues by customer-type were as follows:”
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| Year Ended December 29, 2023 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| DoD and U.S. Intelligence Community | $4,799 | | $1,059 | | $35 | | $1,684 | $7,577 |
| Other U.S. government agencies(1) | 2,212 | | 3,082 | | 319 | | 121 | 5,734 |
| Commercial and non-U.S. customers | 131 | | 61 | | 1,762 | | 74 | 2,028 |
| Total | $7,142 | | $4,202 | | $2,116 | | $1,879 | $15,339 |
Table 32 after “Disaggregated revenues by customer-type were as follows:”
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| Year Ended December 30, 2022 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| DoD and U.S. Intelligence Community | $4,502 | | $1,047 | | $31 | | $1,530 | $7,110 |
| Other U.S. government agencies(1) | 2,034 | | 2,803 | | 281 | | 122 | 5,240 |
| Commercial and non-U.S. customers | 165 | | 63 | | 1,554 | | 155 | 1,937 |
| Total | $6,701 | | $3,913 | | $1,866 | | $1,807 | $14,287 |
Table 33 after “Disaggregated revenues by contract-type were as follows:”
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| Year Ended January 3, 2025 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Cost-reimbursement and fixed-price-incentive-fee | $3,870 | | $1,787 | | $358 | | $1,290 | $7,305 |
| Firm-fixed-price | 2,023 | | 2,990 | | 1,454 | | 587 | 7,054 |
| Time-and-materials and fixed-price-level-of-effort | 1,411 | | 217 | | 436 | | 153 | 2,217 |
| Total | $7,304 | | $4,994 | | $2,248 | | $2,030 | $16,576 |
Table 34 after “Disaggregated revenues by contract-type were as follows:”
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| Year Ended December 29, 2023 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Cost-reimbursement and fixed-price-incentive-fee | $3,808 | | $2,015 | | $345 | | $1,173 | $7,341 |
| Firm-fixed-price | 2,040 | | 2,006 | | 1,351 | | 567 | 5,964 |
| Time-and-materials and fixed-price-level-of-effort | 1,294 | | 181 | | 420 | | 139 | 2,034 |
| Total | $7,142 | | $4,202 | | $2,116 | | $1,879 | $15,339 |
Table 35 after “Disaggregated revenues by contract-type were as follows:”
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| Year Ended December 30, 2022 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Cost-reimbursement and fixed-price-incentive-fee | $3,618 | | $2,047 | | $306 | | $1,142 | $7,113 |
| Firm-fixed-price | 2,031 | | 1,700 | | 1,181 | | 490 | 5,402 |
| Time-and-materials and fixed-price-level-of-effort | 1,052 | | 166 | | 379 | | 175 | 1,772 |
| Total | $6,701 | | $3,913 | | $1,866 | | $1,807 | $14,287 |
Table 36 after “Disaggregated revenues by geographic location were as follows:”
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| Year Ended January 3, 2025 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| United States | $7,274 | | $4,989 | | $961 | | $1,982 | $15,206 |
| International | 30 | | 5 | | 1,287 | | 48 | 1,370 |
| Total | $7,304 | | $4,994 | | $2,248 | | $2,030 | $16,576 |
Table 37 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS”
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| Year Ended December 29, 2023 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| United States | $7,105 | | $4,197 | | $852 | | $1,861 | $14,015 |
| International | 37 | | 5 | | 1,264 | | 18 | 1,324 |
| Total | $7,142 | | $4,202 | | $2,116 | | $1,879 | $15,339 |
Table 38 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS”
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| Year Ended December 30, 2022 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| United States | $6,661 | | $3,911 | | $760 | | $1,766 | $13,098 |
| International | 40 | | 2 | | 1,106 | | 41 | 1,189 |
| Total | $6,701 | | $3,913 | | $1,866 | | $1,807 | $14,287 |
Table 39 after “The components of contract assets and contract liabilities consisted of the following:”
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| (in millions) | Balance sheet line item | January 3, 2025 | December 29, 2023 | |
| Contract assets - current: | | | | |
| Unbilled receivables | Receivables, net | $842 | | $1,041 |
| Contract liabilities - current: | | | | |
| Deferred revenue(1) | Accounts payable and accrued liabilities | $333 | | $442 |
| Contract liabilities - non-current: | | | | |
| Deferred revenue(1) | Other long-term liabilities | $10 | | $21 |
Table 40 after “The following expenses were incurred related to the Company’s acquisitions:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Integration costs | $10 | | $19 | | $16 |
Table 41 after “The components of receivables, net consisted of the following:”
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| (in millions) | January 3, 2025 | December 29, 2023 | |
| Billed and billable receivables | $1,820 | | $1,416 |
| Unbilled receivables | 842 | | 1,041 |
| Allowance for credit losses | (17) | | (28) |
| $2,645 | | $2,429 |
Table 42 after “The components of inventory, net consisted of the following:”
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| (in millions) | January 3, 2025 | December 29, 2023 | |
| Raw materials | $217 | | $190 |
| Work-in-process | 36 | | 48 |
| Finished goods | 62 | | 72 |
| $315 | | $310 |
Table 43 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”
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| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Goodwill at December 30, 2022 | $2,755 | | $1,366 | | $1,389 | | $1,186 | $6,696 |
| Goodwill impairment | — | | — | | (596) | | — | (596) |
| Acquisitions of businesses(1) | — | | — | | (4) | | — | (4) |
| Foreign currency translation adjustments | 3 | | — | | 11 | | 2 | 16 |
| Goodwill at December 29, 2023(2) | 2,758 | | 1,366 | | 800 | | 1,188 | 6,112 |
| Foreign currency translation adjustments | — | | — | | (28) | | — | (28) |
| Goodwill at January 3, 2025(2) | $2,758 | | $1,366 | | $772 | | $1,188 | $6,084 |
Table 44 after “Intangible assets, net consisted of the following:”
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| January 3, 2025 | December 29, 2023 | | | | | | | | |
| (in millions) | Gross carrying value | Accumulated amortization | | Net carrying value | Gross carrying value | Accumulated amortization | | Net carrying value | | |
| Finite-lived intangible assets: | | | | | | | | | | |
| Programs | $1,686 | | $(1,293) | | $393 | | $1,689 | | $(1,175) | $514 |
| Software and technology | 261 | | (165) | | 96 | | 263 | | (144) | 119 |
| Customer relationships | 52 | | (28) | | 24 | | 52 | | (22) | 30 |
| Total finite-lived intangible assets | 1,999 | | (1,486) | | 513 | | 2,004 | | (1,341) | 663 |
| Indefinite-lived intangible assets: | | | | | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 45 after “The estimated annual amortization expense related to finite-lived intangible assets as of January 3, 2025, is as follows:”
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| Fiscal year ending (in millions) | |
| 2025 | $119 |
| 2026 | 98 |
| 2027 | 72 |
| 2028 | 62 |
| 2029 | 53 |
| 2030 and thereafter | 109 |
| $513 |
Table 46 after “Property, plant and equipment, net consisted of the following:”
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| (in millions) | January 3, 2025 | December 29, 2023 | |
| Computers and other equipment | $473 | | $455 |
| Leasehold improvements | 567 | | 455 |
| Vehicles and transportation equipment | 321 | | 277 |
| Buildings and improvements | 137 | | 137 |
| Office furniture and fixtures | 78 | | 66 |
| Land | 17 | | 17 |
| Construction-in-progress | 107 | | 172 |
First 8 of 11 rows. The CSV has all of them.
Table 47 after “ROU assets and lease liabilities consisted of the following:”
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| (in millions) | Balance sheet line item | January 3, 2025 | December 29, 2023 | |
| ROU assets: | | | | |
| Finance leases | Property, plant and equipment, net | $69 | | $89 |
| Operating leases | Operating lease right-of-use assets, net | 560 | | 512 |
| | $629 | | $601 |
| Current lease liabilities: | | | | |
| Finance leases | Short-term debt and current portion of long-term debt | $19 | | $18 |
| Operating leases | Accounts payable and accrued liabilities | 123 | | 136 |
First 8 of 13 rows. The CSV has all of them.
Table 48 after “Total lease cost for the periods presented consisted of the following:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Finance lease cost: | | | | | |
| Amortization of ROU assets | $20 | | $18 | | $9 |
| Interest on lease liabilities | 4 | | 4 | | 1 |
| 24 | | 22 | | 10 |
| Operating lease cost(1) | 143 | | 148 | | 161 |
| Variable lease cost | 35 | | 35 | | 42 |
First 8 of 11 rows. The CSV has all of them.
Table 49 after “Lease terms and discount rates related to leases were as follows:”
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| Year Ended | | | | |
| January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Weighted-average remaining lease term (in years): | | | | | |
| Finance leases | 4.4 | 5.2 | | 8.2 | |
| Operating leases | 9.9 | 7.3 | | 7.5 | |
| Weighted-average discount rate: | | | | | |
| Finance leases | 4.7% | | 4.8% | | 2.6% |
| Operating leases | 4.5% | | 3.7% | | 3.3% |
Table 50 after “Other information related to leases was as follows:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Cash paid for amounts included in measurement of lease liabilities: | | | | | |
| Operating cash related to finance leases | $4 | | $4 | | $1 |
| Operating cash related to operating leases | 163 | | 167 | | 168 |
| Financing cash flows related to finance leases | 18 | | 17 | | 9 |
| ROU assets obtained in exchange for lease liabilities: | | | | | |
| Finance lease liabilities | $— | | $63 | | $1 |
First 8 of 9 rows. The CSV has all of them.
Table 51 after “Future minimum lease commitments of our finance and operating leases on an undiscounted basis, reconciled to the respective lease liability ”
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| Fiscal Year Ending (in millions) | Finance lease commitments | Operating lease commitments | |
| 2025 | $22 | | $153 |
| 2026 | 22 | | 117 |
| 2027 | 14 | | 88 |
| 2028 | 5 | | 88 |
| 2029 | 5 | | 76 |
| 2030 and thereafter | 12 | | 433 |
| Total undiscounted cash flows | 80 | | 955 |
First 8 of 10 rows. The CSV has all of them.
Table 52 after “The components of lease income were as follows:”
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| | Year Ended | | | | |
| (in millions) | Statement of operations line item | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Sales-type leases: | | | | | | |
| Selling price at lease commencement | Revenues | $55 | | $51 | | $65 |
| Cost of underlying asset | Cost of revenues | (40) | | (41) | | (52) |
| Operating income | | 15 | | 10 | | 13 |
| Interest income on lease receivables | Revenues | 5 | | 9 | | 9 |
| | 20 | | 19 | | 22 |
First 8 of 10 rows. The CSV has all of them.
Table 53 after “As of January 3, 2025, undiscounted cash flows for sales-type and operating leases for the next five years are as follows:”
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| Fiscal Year Ending (in millions) | Sales-type leases | Operating leases | |
| 2025 | $43 | | $5 |
| 2026 | 32 | | — |
| 2027 | 18 | | — |
| 2028 | 4 | | — |
| 2029 | 1 | | — |
| Total undiscounted cash flows | $98 | | $5 |
| Present value of lease payments as lease receivables | 94 | | |
First 8 of 9 rows. The CSV has all of them.
Table 54 after “Financial instruments measured on a recurring basis at fair value consisted of the following:”
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| January 3, 2025 | December 29, 2023 | | | | |
| (in millions) | Carrying value | Fair value | | Carrying value | Fair value | |
| Financial assets: | | | | | | |
| Derivatives | $4 | | $4 | | $11 | $11 |
Table 55 after “The fair value of the interest rate swaps was as follows:”
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| (in millions) | Balance sheet line item | January 3, 2025 | December 29, 2023 | |
| Cash flow interest rate swaps | Other current assets (1) | $4 | | $11 |
Table 56 after “The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Total interest expense, net presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded | $193 | | $212 | | $199 |
| Amount recognized in other comprehensive income | 5 | | 6 | | 59 |
| Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net | (11) | | (15) | | 11 |
Table 57 after “Debt consisted of the following:”
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| (in millions) | Stated interest rate | Effective interest rate | | January 3, 2025 | December 29, 2023 | | |
| Senior unsecured term loan: | | | | | | | |
| $1,000 million term loan, due March 2028 | 5.83% | | 6.00% | | $1,000 | | $1,000 |
| Senior unsecured notes: | | | | | | | |
| $500 million notes, due May 2025 | 3.63% | | 3.76% | | 500 | | 500 |
| $750 million notes, due May 2030 | 4.38% | | 4.50% | | 750 | | 750 |
| $1,000 million notes, due February 2031 | 2.30% | | 2.38% | | 1,000 | | 1,000 |
| $250 million notes, due July 2032 | 7.13% | | 7.43% | | 250 | | 250 |
First 8 of 16 rows. The CSV has all of them.
Table 58 after “Future minimum payments of debt are as follows:”
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| Fiscal Year Ending (in millions) | |
| 2025 | $618 |
| 2026 | 120 |
| 2027 | 114 |
| 2028 | 705 |
| 2029 | 5 |
| 2030 and thereafter | 3,140 |
| Total principal payments | 4,702 |
First 8 of 10 rows. The CSV has all of them.
Table 59 after “Changes in the components of Accumulated Other Comprehensive Income (Loss) (“AOCI”) were as follows:”
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| (in millions) | Foreign currency translation adjustments | Unrecognized gain (loss) on derivative instruments | | Pension adjustments | Total AOCI | |
| Balance at December 31, 2021 | $22 | | $(41) | | $7 | $(12) |
| Other comprehensive income (loss) | (108) | | 59 | | (27) | (76) |
| Taxes | 13 | | (16) | | 7 | 4 |
| Reclassification from AOCI | — | | 11 | | — | 11 |
| Balance at December 30, 2022 | (73) | | 13 | | (13) | (73) |
| Other comprehensive income (loss) | 36 | | 6 | | (1) | 41 |
| Taxes | (2) | | 1 | | — | (1) |
First 8 of 14 rows. The CSV has all of them.
Table 60 after “Note 15—Composition of Certain Financial Statement Captions”
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| Balance Sheets (in millions) | January 3, 2025 | December 29, 2023 | |
| Other current assets: | | | |
| Transition costs and project assets(1) | $93 | | $101 |
| Other(2) | 432 | | 388 |
| $525 | | $489 |
| Other long-term assets: | | | |
| Transition costs and project assets(1) | $16 | | $37 |
| Long-term deferred tax assets | 203 | | 102 |
First 8 of 20 rows. The CSV has all of them.
Table 61 after “The weighted average number of shares used to compute basic and diluted EPS attributable to Leidos stockholders were:”
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| Year Ended | | |
| (in millions) | January 3, 2025 | December 29, 2023 | December 30, 2022 |
| Basic weighted average number of shares outstanding | 134 | 137 | 137 |
| Dilutive common share equivalents—stock options and other stock awards | 2 | 1 | 1 |
| Diluted weighted average number of shares outstanding | 136 | 138 | 138 |
Table 62 after “Stock-based compensation and related tax benefits recognized under all plans were as follows:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Total stock-based compensation expense | $85 | | $77 | | $73 |
| Tax benefits recognized from stock-based compensation | 17 | | 17 | | 16 |
Table 63 after “The weighted average grant-date fair value and assumptions used to determine fair value of stock options granted for the periods presented w”
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| Year Ended | | | | | |
| January 3, 2025 | December 29, 2023 | | December 30, 2022 | | |
| Weighted average grant-date fair value | $35.45 | | $25.21 | | $24.67 | |
| Expected term (in years) | 4.5 | 4.7 | | 4.7 | | |
| Expected volatility | 28.7% | | 28.6% | | | 29.5% |
| Risk-free interest rate | 4.1% | | 4.0% | | | 1.6% |
| Dividend yield | 1.3% | | 1.4% | | | 1.6% |
Table 64 after “Stock option activity for each of the periods presented was as follows:”
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| Shares of stock under stock options | Weighted average exercise price | | Weighted average remaining contractual term | Aggregate intrinsic value | |
| (in millions) | | | (in years) | (in millions) | |
| Outstanding at December 31, 2021 | 2.1 | | $65.18 | | 3.5 | $54 |
| Options granted | 0.3 | | 105.01 | | | |
| Options forfeited or expired | — | | 92.10 | | | |
| Options exercised | (0.6) | | 39.26 | | | 41 |
| Outstanding at December 30, 2022 | 1.8 | | $81.45 | | 3.9 | $42 |
| Options granted | 0.3 | | 92.71 | | | |
First 8 of 17 rows. The CSV has all of them.
Table 65 after “Restricted stock units and awards activity for each of the periods presented was as follows:”
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| (in millions) | Shares of stock under stock awards | Weighted average grant- date fair value | |
| Unvested stock awards at December 31, 2021 | 1.4 | | $88.89 |
| Awards granted | 0.5 | | 104.78 |
| Awards forfeited | (0.1) | | 99.38 |
| Awards vested | (0.5) | | 74.20 |
| Unvested stock awards at December 30, 2022 | 1.3 | | $98.52 |
| Awards granted | 0.6 | | 95.82 |
| Awards forfeited | (0.1) | | 97.18 |
First 8 of 14 rows. The CSV has all of them.
Table 66 after “Performance-based stock award activity for each of the periods presented was as follows:”
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| (in millions) | Expected number of shares of stock to be issued under performance-based stock awards | Weighted average grant- date fair value | |
| Unvested at December 31, 2021 | 0.5 | | $88.72 |
| Awards granted | 0.2 | | 114.98 |
| Awards forfeited | — | | 103.06 |
| Awards vested | (0.2) | | 67.79 |
| Unvested at December 30, 2022 | 0.5 | | $106.70 |
| Awards granted | 0.2 | | 99.34 |
| Awards forfeited | — | | 104.90 |
First 8 of 14 rows. The CSV has all of them.
Table 67 after “The Monte Carlo simulation assumptions used for the periods presented were as follows:”
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| Year Ended | | | | |
| January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Expected volatility | 24.86% | | 26.35% | | 33.18% |
| Risk free rate of return | 4.20% | | 4.33% | | 1.61% |
| Weighted average grant date stock price | $130.15 | | $93.90 | | $107.67 |
Table 68 after “The provision for income taxes for the periods presented included the following:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Current: | | | | | |
| Federal | $381 | | $212 | | $290 |
| State | 84 | | 68 | | 80 |
| Foreign | 22 | | 23 | | 33 |
| Deferred: | | | | | |
| Federal | (77) | | (75) | | (169) |
First 8 of 11 rows. The CSV has all of them.
Table 69 after “A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Amount computed at the statutory federal income tax rate | $344 | | $85 | | $186 |
| State income taxes, net of federal tax benefit | 28 | | 26 | | 36 |
| Goodwill | — | | 104 | | — |
| Research and development credits | (25) | | (19) | | (31) |
| Excess tax benefits from stock-based compensation | (15) | | (2) | | (13) |
| Change in valuation allowance for deferred tax assets | 4 | | 3 | | 3 |
First 8 of 14 rows. The CSV has all of them.
Table 70 after “Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting”
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| (in millions) | January 3, 2025 | December 29, 2023 | |
| Capitalized research and development | $370 | | $290 |
| Operating lease liabilities | 179 | | 156 |
| Accrued vacation and bonuses | 85 | | 95 |
| Reserves | 39 | | 33 |
| Deferred compensation | 42 | | 39 |
| Credits and net operating losses carryovers | 46 | | 36 |
| Vesting stock awards | 30 | | 29 |
First 8 of 21 rows. The CSV has all of them.
Table 71 after “Income tax balance sheet items are included in the accompanying consolidated balance sheets as follows:”
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| (in millions) | January 3, 2025 | December 29, 2023 | |
| Other current assets: | | | |
| Prepaid income taxes and tax refunds receivable | $86 | | $40 |
| Other long-term assets: | | | |
| Deferred tax assets | $203 | | $102 |
| Accounts payable and accrued liabilities: | | | |
| Income taxes payable | $21 | | $3 |
| Other long-term liabilities: | | | |
First 8 of 10 rows. The CSV has all of them.
Table 72 after “The changes in the unrecognized tax benefits were as follows:”
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| Year Ended | | | | |
| (in millions) | January 3, 2025 | December 29, 2023 | | December 30, 2022 | |
| Unrecognized tax benefits at beginning of year | $110 | | $92 | | $2 |
| Additions for tax positions related to current year | 81 | | 58 | | 91 |
| Additions for tax positions related to prior years | 46 | | 15 | | — |
| Reductions for tax positions related to current year | (1) | | (1) | | — |
| Reductions for tax positions related to prior years | (59) | | (54) | | — |
| Settlements with taxing authorities | (3) | | — | | — |
First 8 of 11 rows. The CSV has all of them.
Table 73 after “The following table summarizes business segment information for the periods presented:”
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| Year Ended January 3, 2025 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Revenues | $7,365 | | $5,015 | | $2,252 | | $2,030 | $16,662 |
| Less: | | | | | | | | |
| Direct labor | 1,934 | | 951 | | 407 | | 407 | 3,699 |
| Amortization of intangible assets | 23 | | 27 | | 30 | | 67 | 147 |
| Other segment expense | 4,688 | | 2,942 | | 1,711 | | 1,462 | 10,803 |
| Segment operating income | $720 | | $1,095 | | $104 | | $94 | $2,013 |
First 8 of 10 rows. The CSV has all of them.
Table 74 after “The following table summarizes business segment information for the periods presented:”
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| Year Ended December 29, 2023 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Revenues | $7,196 | | $4,238 | | $2,126 | | $1,878 | $15,438 |
| Less: | | | | | | | | |
| Direct labor | 1,838 | | 894 | | 386 | | 378 | 3,496 |
| Amortization of intangible assets | 47 | | 40 | | 37 | | 78 | 202 |
| Other segment expense | 4,639 | | 2,730 | | 2,263 | | 1,357 | 10,989 |
| Segment operating income (loss) | $672 | | $574 | | $(560) | | $65 | $751 |
First 8 of 10 rows. The CSV has all of them.
Table 75 after “The following table summarizes business segment information for the periods presented:”
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| Year Ended December 30, 2022 | | | | | | | |
| (in millions) | National Security & Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| Revenues | $6,745 | | $3,945 | | $1,900 | | $1,806 | $14,396 |
| Less: | | | | | | | | |
| Direct labor | 1,699 | | 825 | | 322 | | 368 | 3,214 |
| Amortization of intangible assets | 57 | | 48 | | 35 | | 89 | 229 |
| Other segment expense | 4,383 | | 2,624 | | 1,412 | | 1,338 | 9,757 |
| Segment operating income | $606 | | $448 | | $131 | | $11 | $1,196 |
First 8 of 10 rows. The CSV has all of them.
Table 76 after “As of January 3, 2025, the future expirations of the outstanding letters of credit and surety bonds were as follows:”
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| Fiscal year ending (in millions) | |
| 2025 | $129 |
| 2026 | 16 |
| 2027 | 14 |
| 2028 | 14 |
| 2029 | 7 |
| 2030 and thereafter | 2 |
| $182 |
Table 77 after “Information with respect to our equity compensation plans as of January 3, 2025, is set forth below:”
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| Plan Category | (a) Number of securities to be issued upon exercise of outstanding options, warrants and rights | (b) Weighted-average exercise price of outstanding options, warrants and rights | (c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | | | | |
| Equity compensation plans approved by security holders (1) | 2,862,703 | | (2) | $97.53 | (3) | 7,996,467 | (4) |
| Equity compensation plans not approved by security holders (5) | — | | | — | | — | |
| Total | 2,862,703 | | (2) | $97.53 | (3) | 7,996,467 | |
| Exhibit Number | Description of Exhibit |
| 3.1 | Amended and Restated Certificate of Incorporation of Leidos Holdings, Inc. Incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed with the SEC on May 15, 2020. |
| 3.2 | Amended and Restated Bylaws of Leidos Holdings, Inc. Incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed with the SEC on October 25, 2024. |
| 4.1** | Indenture dated June 28, 2002, between Leidos, Inc. and JPMorgan Chase Bank, as trustee. Incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed with the SEC on July 3, 2002. (SEC File No. 000-12771) |
| 4.2 | First Supplemental Indenture, dated October 13, 2006, by and among Leidos, Inc., Leidos Holdings, Inc. and The Bank of New York Trust Company, N.A., as successor trustee to JPMorgan Chase Bank, N.A. Incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed with the SEC on October 17, 2006. (SEC File No. 001-33072) |
| 4.3 | Indenture dated as of December 20, 2010, among Leidos Holdings, Inc., Leidos, Inc., and The Bank of New York Mellon Trust Company, N.A. as Trustee. Incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K with the SEC on December 22, 2010. |
| 4.4 | Indenture relating to the 2.950% Senior Notes due 2023, 3.625% Senior Notes due 2025 and the 4.375% Senior Notes due 2030, dated as of May 12, 2020, by and among Leidos, Inc., as issuer, Leidos Holdings, Inc., as guarantor, and Citibank, N.A., as trustee. Incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed with the SEC on May 12, 2020. |
| 4.5 | Form of 3.625% Senior Notes due 2025. Incorporated by reference to Exhibit 4.3 to our Current Report on Form 8-K filed with the SEC on May 12, 2020. |
First 8 of 10 rows. The CSV has all of them.
| Exhibit Number | Description of Exhibit |
| 4.8 | Form of 2.300% Senior Notes due 2031. Incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed with the SEC on October 9, 2020. |
| 4.9 | Officers’ Certificate of Leidos, Inc., dated as of February 28, 2023. Incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed with the SEC on February 28, 2023. |
| 4.10 | Form of Global Note representing Leidos, Inc.’s 5.750% Notes due 2033. Included in Exhibit 4.11 and incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed with the SEC on February 28, 2023. |
| 4.11 | Description of Common Stock. Incorporated by reference to Exhibit 4.13 to our Annual Report on Form 10-K filed with the SEC on February 23, 2021. |
| 10.1* | Leidos Holdings, Inc.’s 2006 Equity Incentive Plan. Incorporated by reference to Exhibit 10.1 to our Annual Report on Form 10-K filed with the SEC on March 27, 2014. |
| 10.2 * | Leidos Holdings, Inc. Amended and Restated 2017 Omnibus Incentive Plan. Incorporated by reference to Exhibit 10.2 to our Annual Report on Form 10-K filed with the SEC on February 14, 2023. |
| 10.3* | Leidos, Inc.’s Management Stock Compensation Plan. Incorporated by reference to Exhibit 10.3 to our Annual Report on Form 10-K filed with the SEC on March 27, 2014. |
First 8 of 19 rows. The CSV has all of them.
| Exhibit Number | Description of Exhibit |
| 10.15* | Form of Restricted Stock Unit Award Agreement of Leidos Holdings, Inc.’s 2006 Equity Incentive Plan. Incorporated by reference to Exhibit 10.3 to our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2017. |
| 10.16* | Form of Nonstatutory Stock Option Agreement of Leidos Holdings, Inc.’s 2006 Equity Incentive Plan (for Nonstatutory Stock Option Agreements granted on March 3, 2017). Incorporated by reference to Exhibit 10.4 to our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2017. |
| 10.17* | Form of Performance Share Award Agreement of Leidos Holdings, Inc.’s 2006 Equity Incentive Plan (for Performance Share Award Agreements granted on March 3, 2017). Incorporated by reference to Exhibit 10.5 to our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2017. |
| 10.18* | Form of Notice of Grant of Options for Non-Employee Directors under the Leidos Holdings, Inc. Amended and Restated 2017 Omnibus Incentive Plan. Incorporated by reference to Exhibit 10.22 to our Annual Report on Form 10-K filed with the SEC on February 23, 2018. |
| 10.19* | Form of Notice of Grant of Options for Employees under the Leidos Holdings, Inc. Amended and Restated 2017 Omnibus Incentive Plan. Incorporated by reference to Exhibit 10.19 to our Annual Report on Form 10-K filed with the SEC on February 13, 2024. |
| 10.20* | Form of Notice of Grant of Restricted Stock Unit Awards (Performance-Vesting) for Employees under the Leidos Holdings, Inc. Amended and Restated 2017 Omnibus Incentive Plan. Incorporated by reference to Exhibit 10.20 to our Annual Report on Form 10-K filed with the SEC on February 13, 2024. |
| 10.21* | Form of Notice of Grant of Performance Share Awards for Employees under the Leidos Holdings, Inc. Amended and Restated 2017 Omnibus Incentive Plan. Incorporated by reference to Exhibit 10.21 to our Annual Report on Form 10-K filed with the SEC on February 13, 2024. |
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| Exhibit Number | Description of Exhibit |
| 10.29 | Consulting Employee Agreement, dated January 17, 2024, between Leidos Holdings, Inc. and Jerald S. Howe, Jr. Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed with the SEC on January 17, 2024. |
| 19 | Insider Trading Policy |
| 21 | Subsidiaries of the Registrant. |
| 22 | List of Guarantors and Subsidiary Issuers of Guaranteed Securities. |
| 23.1 | Consent of Independent Registered Public Accounting Firm, Deloitte & Touche LLP. |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
First 8 of 13 rows. The CSV has all of them.
Table 82 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”
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| Signature | Title | Date |
| /s/ Thomas A. Bell | Principal Executive Officer | February 11, 2025 |
| Thomas A. Bell | | |
| /s/ Christopher R. Cage | Principal Financial Officer | February 11, 2025 |
| Christopher R. Cage | | |
| /s/ Daniel A. Atkinson | Principal Accounting Officer | February 11, 2025 |
| Daniel A. Atkinson | | |
| /s/ Gregory R. Dahlberg | Director | February 11, 2025 |
First 8 of 31 rows. The CSV has all of them.