Property Plant and Equipment

11 Months Ended

Jan. 01, 2016

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment

Property, Plant and Equipment:

Property, plant and equipment, net consisted of the following:

	January 1, 2016			January 30, 2015
	(in millions)
Electric generation facility	$	—		$	127
Computers and other equipment	161			166
Leasehold improvements	149			156
Buildings and improvements	57			107
Office furniture and fixtures	30			37
Land	15			26
Construction in progress	2			2
	414			621
Less accumulated depreciation and amortization	(272		)	(313		)
	$	142		$	308

Depreciation expense was $33 million, $47 million and $45 million for the 11-month period ended January 1, 2016, fiscal 2015, and fiscal 2014, respectively.

During the 11-month period ended January 1, 2016, the Company amended its sale agreement entered into in 2013 and closed the sale of the remaining building, parcels of land that surround the building and the multi-level surface parking garage associated with the Company's former headquarters. The sale resulted in a write-off of $40 million in aggregate net book value of assets disposed, including $29 million for buildings and $10 million attributed to land.

See Note 16—Leases for further information regarding disposal of buildings, land and office leasehold improvements. Also, see Note 3—Acquisitions for discussion regarding the sale of the electric generation facility.

Leidos, Inc.

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment

Property, Plant and Equipment:

Property, plant and equipment, net consisted of the following:

	January 1, 2016			January 30, 2015
	(in millions)
Electric generation facility	$	—		$	127
Computers and other equipment	161			166
Leasehold improvements	149			156
Buildings and improvements	57			107
Office furniture and fixtures	30			37
Land	15			26
Construction in progress	2			2
	414			621
Less accumulated depreciation and amortization	(272		)	(313		)
	$	142		$	308

Depreciation expense was $33 million, $47 million and $45 million for the 11-month period ended January 1, 2016, fiscal 2015, and fiscal 2014, respectively.

During the 11-month period ended January 1, 2016, the Company amended its sale agreement entered into in 2013 and closed the sale of the remaining building, parcels of land that surround the building and the multi-level surface parking garage associated with the Company's former headquarters. The sale resulted in a write-off of $40 million in aggregate net book value of assets disposed, including $29 million for buildings and $10 million attributed to land.

See Note 16—Leases for further information regarding disposal of buildings, land and office leasehold improvements. Also, see Note 3—Acquisitions for discussion regarding the sale of the electric generation facility.