Financial Instruments (Tables)

9 Months Ended

Nov. 01, 2013

Schedule of Notes Payable and Long-Term Debt

The Company’s notes payable and long-term debt consisted of the following:

	Stated interest rate		Effective interest rate		November 1, 2013		January 31, 2013
	(dollars in millions)
Leidos Holdings, Inc. senior unsecured notes:
$450 million notes, which mature in December 2020	4.45	%	4.53	%	$	449	$	449
$300 million notes, which mature in December 2040	5.95	%	6.03	%	300		300
Leidos, Inc. senior unsecured notes:
$250 million notes, which mature in July 2032	7.13	%	7.43	%	248		248
$300 million notes, which mature in July 2033	5.5	%	5.78	%	296		296
Plainfield construction note, which matures February 2014	17.5	%	17.5	%	81		—
Plainfield cash grant note, which matures April 2014	17.5	%	17.5	%	68		—
Capital leases and other notes payable due on various dates through fiscal 2021	0%-3.7%		Various		39		2
Total notes payable and long-term debt					1,481		1,295
Less current portion					151		—
Total notes payable and long-term debt, net of current portion					$	1,330	$	1,295
Fair value of notes payable and long-term debt					$	1,469	$	1,390