Accumulated Other Comprehensive Loss

11 Months Ended

Jan. 01, 2016

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss:

The components of accumulated other comprehensive loss were as follows:

	January 1, 2016			January 30, 2015
	(in millions)
Foreign currency translation adjustments, net of taxes of $0 million as of January 1, 2016 and January 30, 2015, respectively	$	—		$	1
Unrecognized net loss on settled derivative instruments associated with outstanding debt, net of taxes of $3 million as of January 1, 2016 and January 30, 2015, respectively	(4		)	(5		)
Unrecognized net loss on defined benefit plan, net of taxes of $3 million and $5 million as of January 1, 2016 and January 30, 2015, respectively	(4		)	(7		)
Total accumulated other comprehensive loss, net of taxes of $6 million and $8 million as of January 1, 2016 and January 30, 2015, respectively	$	(8	)	$	(11	)

Reclassifications from other comprehensive income to net income relating to unrecognized net gain (loss) on settled derivative instruments associated with outstanding debt were not material for the 11-month period ended January 1, 2016, and for the year ended January 30, 2015. There were no reclassifications from other comprehensive income to net income relating to foreign currency translation adjustments or unrecognized net gain (loss) on defined benefit plan for the 11-month period ended January 1, 2016, and for the year ended January 30, 2015. Reclassifications for unrecognized gain (loss) on settled derivative instruments associated with outstanding debt are recorded in "Other income (expense), net".

Leidos, Inc.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss:

The components of accumulated other comprehensive loss were as follows:

	January 1, 2016			January 30, 2015
	(in millions)
Foreign currency translation adjustments, net of taxes of $0 million as of January 1, 2016 and January 30, 2015, respectively	$	—		$	1
Unrecognized net loss on settled derivative instruments associated with outstanding debt, net of taxes of $3 million as of January 1, 2016 and January 30, 2015, respectively	(4		)	(5		)
Unrecognized net loss on defined benefit plan, net of taxes of $3 million and $5 million as of January 1, 2016 and January 30, 2015, respectively	(4		)	(7		)
Total accumulated other comprehensive loss, net of taxes of $6 million and $8 million as of January 1, 2016 and January 30, 2015, respectively	$	(8	)	$	(11	)

Reclassifications from other comprehensive income to net income relating to unrecognized net gain (loss) on settled derivative instruments associated with outstanding debt were not material for the 11-month period ended January 1, 2016, and for the year ended January 30, 2015. There were no reclassifications from other comprehensive income to net income relating to foreign currency translation adjustments or unrecognized net gain (loss) on defined benefit plan for the 11-month period ended January 1, 2016, and for the year ended January 30, 2015. Reclassifications for unrecognized gain (loss) on settled derivative instruments associated with outstanding debt are recorded in "Other income (expense), net".