XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2016
Jul. 03, 2015
Jul. 01, 2016
Jul. 03, 2015
Revenues $ 1,288 $ 1,257 $ 2,600 $ 2,503
Costs and expenses:        
Cost of revenues 1,141 1,113 2,295 2,206
Selling, general and administrative expenses 57 51 117 126
Acquisition and integration costs 15 0 24 0
Asset impairment charges 0 29 0 69
Operating income 75 64 164 102
Non-operating expense:        
Interest expense, net (13) (14) (24) (28)
Other (expense) income, net (2) 2 (2) 1
Income from continuing operations before income taxes 60 52 138 75
Income tax expense (19) (15) (44) (15)
Income from continuing operations 41 37 94 60
Discontinued operations:        
Income tax benefit 0 0 0 18
Income from discontinued operations 0 0 0 18
Net income $ 41 $ 37 $ 94 $ 78
Basic:        
Income from continuing operations (dollar per share) $ 0.56 $ 0.51 $ 1.31 $ 0.82
Income from discontinued operations (dollar per share) 0.00 0.00 0.00 0.25
Basic earnings per share (dollar per share) 0.56 0.51 1.31 1.07
Diluted:        
Income from continuing operations (dollar per share) 0.55 0.50 1.27 0.80
Income from discontinued operations (dollar per share) 0.00 0.00 0.00 0.24
Diluted earnings per share (dollar per share) $ 0.55 $ 0.50 $ 1.27 $ 1.04
Basic weighted average number of shares outstanding (shares) 73 73 72 73
Diluted weighted average number of shares outstanding (shares) 74 74 74 75
Cash dividends declared per share (dollars per share) $ 0.32 $ 0.32 $ 0.64 $ 0.64
Leidos, Inc.        
Revenues $ 1,288 $ 1,257 $ 2,600 $ 2,503
Costs and expenses:        
Cost of revenues 1,141 1,113 2,295 2,206
Selling, general and administrative expenses 57 51 117 126
Acquisition and integration costs 15 0 24 0
Asset impairment charges 0 29 0 69
Operating income 75 64 164 102
Non-operating expense:        
Interest expense, net (10) (10) (19) (21)
Other (expense) income, net (2) 2 (2) 1
Income from continuing operations before income taxes 63 56 143 82
Income tax expense (20) (17) (46) (18)
Income from continuing operations 43 39 97 64
Discontinued operations:        
Income tax benefit 0 0 0 18
Income from discontinued operations 0 0 0 18
Net income $ 43 $ 39 $ 97 $ 82