Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2016	Jan. 01, 2016
Current assets:
Cash and cash equivalents	$ 670	$ 656
Receivables, net	924	921
Inventory, prepaid expenses and other current assets	223	216
Total current assets	1,817	1,793
Property, plant and equipment (less accumulated depreciation and amortization of $266 million and $272 million at July 1, 2016, and January 1, 2016, respectively)	131	142
Goodwill and intangible assets, net	1,228	1,232
Deferred income taxes	7	8
Other assets	218	195
Total assets	3,401	3,370
Current liabilities:
Accounts payable and accrued liabilities	720	769
Accrued payroll and employee benefits	269	268
Notes payable and long-term debt, current portion	1	2
Liabilities of discontinued operations	0	1
Total current liabilities	990	1,040
Notes payable and long-term debt, net of current portion	1,092	1,079
Other long-term liabilities	195	183
Commitments and contingencies (Notes 11 and 12)
Stockholders' equity:
Preferred stock, $.0001 par value, 10 million shares authorized and no shares issued and outstanding at July 1, 2016 and January 1, 2016	0	0
Common stock	0	0
Additional paid-in capital	1,358	1,353
Accumulated deficit	(230)	(277)
Accumulated other comprehensive loss	(4)	(8)
Total stockholders’ equity	1,124	1,068
Total liabilities and stockholders' equity	3,401	3,370
Leidos, Inc.
Current assets:
Cash and cash equivalents	670	656
Receivables, net	924	921
Inventory, prepaid expenses and other current assets	223	216
Total current assets	1,817	1,793
Property, plant and equipment (less accumulated depreciation and amortization of $266 million and $272 million at July 1, 2016, and January 1, 2016, respectively)	131	142
Goodwill and intangible assets, net	1,228	1,232
Deferred income taxes	7	8
Other assets	218	195
Note receivable from Leidos Holdings, Inc.	1,638	1,593
Total assets	5,039	4,963
Current liabilities:
Accounts payable and accrued liabilities	720	769
Accrued payroll and employee benefits	269	268
Notes payable and long-term debt, current portion	1	2
Liabilities of discontinued operations	0	1
Total current liabilities	990	1,040
Notes payable and long-term debt, net of current portion	1,092	1,079
Other long-term liabilities	195	183
Commitments and contingencies (Notes 11 and 12)
Stockholders' equity:
Common stock	0	0
Additional paid-in capital	207	207
Accumulated deficit	2,559	2,462
Accumulated other comprehensive loss	(4)	(8)
Total stockholders’ equity	2,762	2,661
Total liabilities and stockholders' equity	$ 5,039	$ 4,963