Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2016	Jul. 03, 2015
Cash flows from operations:
Net income	$ 94	$ 78
Income from discontinued operations	0	(18)
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	17	24
Stock-based compensation	16	14
Asset impairment charges	0	69
Other	(3)	(1)
Change in assets and liabilities, net of effects of acquisitions and dispositions:
Receivables	(76)	63
Inventory, prepaid expenses and other current assets	(7)	(10)
Accounts payable and accrued liabilities	7	14
Accrued payroll and employee benefits	2	(20)
Deferred income taxes and income taxes receivable/payable	7	(88)
Other long-term assets/liabilities	1	(16)
Total cash flows provided by operating activities of continuing operations	58	109
Cash flows from investing activities:
Expenditures for property, plant and equipment	(7)	(8)
Payments on accrued purchase price related to prior acquisition	0	(13)
Net proceeds from sale of assets	3	5
Proceeds from disposition of business	23	0
Other	(1)	0
Total cash flows provided by (used in) investing activities of continuing operations	18	(16)
Cash flows from financing activities:
Payments of notes payable and long-term debt	(2)	(47)
Sales of stock and exercises of stock options	6	3
Repurchases of stock and stock received for tax withholdings	(19)	(115)
Dividend payments	(46)	(48)
Other	0	1
Total cash flows used in financing activities of continuing operations	(61)	(206)
Increase (decrease) in cash and cash equivalents from continuing operations	15	(113)
Cash flows from discontinued operations:
Cash provided by operating activities of discontinued operations	0	13
Cash (used in) provided by investing activities of discontinued operations	(1)	6
(Decrease) increase in cash and cash equivalents from discontinued operations	(1)	19
(Decrease) increase in cash and cash equivalents from discontinued operations	14	(94)
Cash and cash equivalents at beginning of period	656	459
Cash and cash equivalents at end of period	670	365
Leidos, Inc.
Cash flows from operations:
Net income	97	82
Income from discontinued operations	0	(18)
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	17	24
Stock-based compensation	16	14
Asset impairment charges	0	69
Other	(6)	(5)
Change in assets and liabilities, net of effects of acquisitions and dispositions:
Receivables	(76)	63
Inventory, prepaid expenses and other current assets	(7)	(10)
Accounts payable and accrued liabilities	7	14
Accrued payroll and employee benefits	2	(20)
Deferred income taxes and income taxes receivable/payable	7	(88)
Other long-term assets/liabilities	1	(16)
Total cash flows provided by operating activities of continuing operations	58	109
Cash flows from investing activities:
Proceeds on obligations of Leidos Holdings, Inc.	6	17
Payments on obligations of Leidos Holdings, Inc.	(65)	(176)
Expenditures for property, plant and equipment	(7)	(8)
Payments on accrued purchase price related to prior acquisition	0	(13)
Net proceeds from sale of assets	3	5
Proceeds from disposition of business	23	0
Other	(1)	0
Total cash flows provided by (used in) investing activities of continuing operations	(41)	(175)
Cash flows from financing activities:
Payments of notes payable and long-term debt	(2)	(47)
Total cash flows used in financing activities of continuing operations	(2)	(47)
Increase (decrease) in cash and cash equivalents from continuing operations	15	(113)
Cash flows from discontinued operations:
Cash provided by operating activities of discontinued operations	0	13
Cash (used in) provided by investing activities of discontinued operations	(1)	6
(Decrease) increase in cash and cash equivalents from discontinued operations	(1)	19
(Decrease) increase in cash and cash equivalents from discontinued operations	14	(94)
Cash and cash equivalents at beginning of period	656	459
Cash and cash equivalents at end of period	$ 670	$ 365