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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Oct. 02, 2020
Sep. 27, 2019
Income Statement [Abstract]        
Revenues $ 3,242 $ 2,835 $ 9,045 $ 8,140
Cost of revenues 2,774 2,450 7,799 7,019
Selling, general and administrative expenses 200 177 583 518
Bad debt expense and recoveries 2 (35) (70) (35)
Acquisition, integration and restructuring costs 5 0 33 3
Asset impairment charges 0 0 11 0
Equity loss (earnings) of non-consolidated subsidiaries 3 (6) (10) (16)
Operating income 258 249 699 651
Non-operating (expense) income:        
Interest expense, net (44) (28) (133) (99)
Other (expense) income, net 0 (7) (30) 87
Income before income taxes 214 214 536 639
Income tax expense (51) (52) (104) (150)
Net income 163 162 432 489
Less: net income attributable to non-controlling interest 0 1 1 3
Net income attributable to Leidos common stockholders $ 163 $ 161 $ 431 $ 486
Earnings per share:        
Basic (dollars per share) $ 1.15 $ 1.13 $ 3.04 $ 3.38
Diluted (dollars per share) $ 1.13 $ 1.11 $ 2.99 $ 3.33