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Consolidated Statements Of Income - USD ($)
$ in Millions
11 Months Ended 12 Months Ended
Jan. 01, 2016
Jan. 02, 2015
Jan. 30, 2015
Jan. 31, 2014
Revenues $ 4,712 $ 4,690 $ 5,063 $ 5,755
Costs and expenses:        
Cost of revenues 4,146 4,069 4,392 4,992
Selling, general and administrative expenses 201 280 310 440
Bad debt expense 8 4 5 44
Goodwill impairment charges 0 486 486 0
Asset impairment charges 33 41 81 51
Separation transaction and restructuring expenses 4 1 3 65
Operating income (loss) 320 (191) (214) 163
Non-operating income (expense):        
Interest income 4 1 1 15
Interest expense (53) (71) (75) (82)
Other income (expense), net 84 5 5 (8)
Income (loss) from continuing operations before income taxes 355 (256) (283) 88
Income tax expense (112) (67) (47) (4)
Income (loss) from continuing operations 243 (323) (330) 84
Discontinued operations (Note 2):        
(Loss) income from discontinued operations before income taxes (1) (14) (13) 140
Income tax benefit (expense) 0 3 20 (60)
(Loss) income from discontinued operations (1) (11) 7 80
Net income (loss) $ 242 $ (334) $ (323) $ 164
Basic:        
Income (loss) from continuing operations (usd per share) $ 3.33 $ (4.36) $ (4.46) $ 0.98
Income (loss) from discontinued operations (usd per share) (0.01) (0.15) 0.10 0.96
Basic earnings (loss) per share (usd per share) 3.32 (4.51) (4.36) 1.94
Diluted:        
Income (loss) from continuing operations (usd per share) 3.28 (4.36) (4.46) 0.98
Income (loss) from discontinued operations (usd per share) (0.01) (0.15) 0.10 0.96
Diluted earnings (loss) per share (usd per share) $ 3.27 $ (4.51) $ (4.36) $ 1.94
Leidos, Inc.        
Revenues $ 4,712 $ 4,690 $ 5,063 $ 5,755
Costs and expenses:        
Cost of revenues 4,146 4,069 4,392 4,992
Selling, general and administrative expenses 201 280 310 440
Bad debt expense 8 4 5 44
Goodwill impairment charges 0 486 486 0
Asset impairment charges 33 41 81 51
Separation transaction and restructuring expenses 4 1 3 65
Operating income (loss) 320 (191) (214) 163
Non-operating income (expense):        
Interest income 13 11 11 19
Interest expense (53) (71) (75) (82)
Other income (expense), net 84 5 5 (8)
Income (loss) from continuing operations before income taxes 364 (246) (273) 92
Income tax expense (115) (71) (51) (6)
Income (loss) from continuing operations 249 (317) (324) 86
Discontinued operations (Note 2):        
(Loss) income from discontinued operations before income taxes (1) (14) (13) 140
Income tax benefit (expense) 0 3 20 (60)
(Loss) income from discontinued operations (1) (11) 7 80
Net income (loss) $ 248 $ (328) $ (317) $ 166