XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2016
Apr. 03, 2015
Revenues $ 1,312 $ 1,246
Costs and expenses:    
Cost of revenues 1,154 1,093
Selling, general and administrative expenses 60 75
Acquisition and integration costs 9 0
Asset impairment charges 0 40
Operating income 89 38
Non-operating expense:    
Interest expense, net (11) (14)
Other expense, net 0 (1)
Income from continuing operations before income taxes 78 23
Income tax expense (29) 0
Income from continuing operations 49 23
Discontinued operations:    
Income tax benefit 0 18
Income from discontinued operations 0 18
Net income $ 49 $ 41
Basic:    
Income from continuing operations (dollar per share) $ 0.68 $ 0.32
Income from discontinued operations (dollar per share) 0.00 0.24
Basic earnings per share (dollar per share) 0.68 0.56
Diluted:    
Income from continuing operations (dollar per share) 0.66 0.31
Income from discontinued operations (dollar per share) 0.00 0.24
Diluted earnings per share (dollar per share) $ 0.66 $ 0.55
Basic weighted average number of shares outstanding (shares) 72 73
Diluted weighted average number of shares outstanding (shares) 74 75
Cash dividends declared per share (dollars per share) $ 0.32 $ 0.32
Leidos, Inc.    
Revenues $ 1,312 $ 1,246
Costs and expenses:    
Cost of revenues 1,154 1,093
Selling, general and administrative expenses 60 75
Acquisition and integration costs 9 0
Asset impairment charges 0 40
Operating income 89 38
Non-operating expense:    
Interest expense, net (9) (11)
Other expense, net 0 (1)
Income from continuing operations before income taxes 80 26
Income tax expense (30) (1)
Income from continuing operations 50 25
Discontinued operations:    
Income tax benefit 0 18
Income from discontinued operations 0 18
Net income $ 50 $ 43