Notes Payable and Long-Term Debt (Tables)

12 Months Ended

Jan. 31, 2014

Debt Disclosure [Abstract]

Schedule of Notes Payable and Long-Term Debt

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

					January 31
	Stated interest rate		Effective interest rate		2014		2013
	(dollars in millions)
Leidos Holdings, Inc. senior unsecured notes:
$450 million notes issued in fiscal 2011, which mature in December 2020	4.45	%	4.53	%	$	449	$	449
$300 million notes issued in fiscal 2011, which mature in December 2040	5.95	%	6.03	%	300		300
Leidos, Inc. senior unsecured notes:
$250 million notes issued in fiscal 2003, which mature in July 2032	7.13	%	7.43	%	248		248
$300 million notes issued in fiscal 2004, which mature in July 2033	5.50	%	5.78	%	296		296
Capital leases and other notes payable due on various dates through fiscal 2021	0%-3.7%		Various		40		2
Total notes payable and long-term debt					1,333		1,295
Less current portion					2		—
Total notes payable and long-term debt, net of current portion					$	1,331	$	1,295
Fair value of notes payable and long-term debt					$	1,350	$	1,390

Schedule of Maturities of Notes Payable and Long-Term Debt

Maturities of notes payable and long-term debt are as follows:

Year Ending January 31	Total
	(in millions)
2015	$	3
2016	2
2017	3
2018	2
2019	2
2020 and thereafter	1,328
Total principal payments	1,340
Less unamortized discount	7
	$	1,333