$LDOS
Leidos Holdings, Inc.

2021 Q4 Form 10-Q Financial Statement

#000133692021000052 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q1 2020 Q4
Revenue $3.483B $3.252B $3.242B
YoY Change 7.43% 10.09%
Cost Of Revenue $2.942B $2.761B $2.774B
YoY Change 6.06% 9.26%
Gross Profit $541.0M $491.0M $468.0M
YoY Change 15.6% 14.99%
Gross Profit Margin 15.53% 15.1% 14.44%
Selling, General & Admin $233.0M $189.0M $200.0M
YoY Change 16.5% 13.86%
% of Gross Profit 43.07% 38.49% 42.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.00M $68.00M $82.00M
YoY Change 6.1% 13.33%
% of Gross Profit 16.08% 13.85% 17.52%
Operating Expenses $233.0M $189.0M $200.0M
YoY Change 16.5% 13.86%
Operating Profit $305.0M $302.0M $258.0M
YoY Change 18.22% 15.71%
Interest Expense -$42.00M -$42.00M -$47.00M
YoY Change -10.64% 31.25%
% of Operating Profit -13.77% -13.91% -18.22%
Other Income/Expense, Net $2.000M -$8.000M $0.00
YoY Change
Pretax Income $260.0M $245.0M $214.0M
YoY Change 21.5% 7.93%
Income Tax $52.00M $48.00M $51.00M
% Of Pretax Income 20.0% 19.59% 23.83%
Net Earnings $205.0M $197.0M $163.0M
YoY Change 25.77% 8.84%
Net Earnings / Revenue 5.89% 6.06% 5.03%
Basic Earnings Per Share $1.45 $1.15
Diluted Earnings Per Share $1.43 $1.368M $1.13
COMMON SHARES
Basic Shares Outstanding 141.0M shares 141.9M shares 142.0M shares
Diluted Shares Outstanding 143.0M shares 144.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $587.0M $524.0M $512.0M
YoY Change 14.65% -21.56%
Cash & Equivalents $727.0M $524.0M $512.0M
Short-Term Investments
Other Short-Term Assets $429.0M $402.0M $523.0M
YoY Change -17.97% 18.93%
Inventory $274.0M $276.0M $292.0M
Prepaid Expenses
Receivables $2.189B $2.137B $1.872B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.619B $3.339B $3.199B
YoY Change 13.13% 18.74%
LONG-TERM ASSETS
Property, Plant & Equipment $670.0M $604.0M $577.0M
YoY Change 16.12% 110.45%
Goodwill $6.744B $6.313B $6.158B
YoY Change 9.52% 28.52%
Intangibles $1.177B $1.216B $1.335B
YoY Change -11.84% 129.43%
Long-Term Investments $25.00M $15.00M
YoY Change -21.05%
Other Assets $439.0M $458.0M $435.0M
YoY Change 0.92% 7.51%
Total Long-Term Assets $9.642B $9.172B $9.086B
YoY Change 6.12% 39.92%
TOTAL ASSETS
Total Short-Term Assets $3.619B $3.339B $3.199B
Total Long-Term Assets $9.642B $9.172B $9.086B
Total Assets $13.26B $12.51B $12.29B
YoY Change 7.94% 33.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $692.0M $731.0M $1.569B
YoY Change -55.9% 23.48%
Accrued Expenses $1.053B $939.0M $850.0M
YoY Change 23.88% 14.23%
Deferred Revenue $364.0M $481.0M $578.0M
YoY Change -37.02% 20.25%
Short-Term Debt $380.0M $0.00 $0.00
YoY Change
Long-Term Debt Due $484.0M $100.0M $401.0M
YoY Change 20.7% 63.93%
Total Short-Term Liabilities $3.229B $2.907B $3.398B
YoY Change -4.97% 24.6%
LONG-TERM LIABILITIES
Long-Term Debt $4.616B $4.644B $4.125B
YoY Change 11.9% 58.77%
Other Long-Term Liabilities $267.0M $291.0M $282.0M
YoY Change -5.32% 59.89%
Total Long-Term Liabilities $267.0M $291.0M $282.0M
YoY Change -5.32% 59.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.229B $2.907B $3.398B
Total Long-Term Liabilities $267.0M $291.0M $282.0M
Total Liabilities $8.917B $8.640B $3.680B
YoY Change 142.31% 243.54%
SHAREHOLDERS EQUITY
Retained Earnings $1.880B $1.328B $1.180B
YoY Change 59.32% 48.21%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.291B $3.862B $3.706B
YoY Change
Total Liabilities & Shareholders Equity $13.26B $12.51B $12.29B
YoY Change 7.94% 33.56%

Cashflow Statement

Concept 2021 Q4 2021 Q1 2020 Q4
OPERATING ACTIVITIES
Net Income $205.0M $197.0M $163.0M
YoY Change 25.77% 8.84%
Depreciation, Depletion And Amortization $87.00M $68.00M $82.00M
YoY Change 6.1% 13.33%
Cash From Operating Activities $565.0M -$52.00M $592.0M
YoY Change -4.56% -130.77%
INVESTING ACTIVITIES
Capital Expenditures -$24.00M -$63.00M -$30.00M
YoY Change -20.0% 16.67%
Acquisitions
YoY Change
Other Investing Activities -$29.00M -$38.00M $15.00M
YoY Change -293.33%
Cash From Investing Activities -$53.00M -$101.0M -$15.00M
YoY Change 253.33% 87.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $137.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -209.0M 98.00M -517.0M
YoY Change -59.57% -168.06%
NET CHANGE
Cash From Operating Activities 565.0M -52.00M 592.0M
Cash From Investing Activities -53.00M -101.0M -15.00M
Cash From Financing Activities -209.0M 98.00M -517.0M
Net Change In Cash 303.0M -55.00M 60.00M
YoY Change 405.0% 89.66%
FREE CASH FLOW
Cash From Operating Activities $565.0M -$52.00M $592.0M
Capital Expenditures -$24.00M -$63.00M -$30.00M
Free Cash Flow $589.0M $11.00M $622.0M
YoY Change -5.31% -95.07%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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1000000 USD
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
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180000000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
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192000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
585000000 USD
us-gaap Comprehensive Income Net Of Tax
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403000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3871000000 USD
CY2021Q2 us-gaap Profit Loss
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205000000 USD
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9000000 USD
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0.34
CY2021Q2 us-gaap Dividends Common Stock
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49000000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15000000 USD
CY2021Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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38000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3980000000 USD
CY2021Q3 us-gaap Profit Loss
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170000000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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22000000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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0.34
CY2021Q3 us-gaap Dividends Common Stock
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48000000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17000000 USD
CY2021Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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1000000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Profit Loss
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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Stock Issued During Period Value New Issues
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11000000 USD
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Value
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140000000 USD
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
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0.36
CY2021Q4 us-gaap Dividends Common Stock
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52000000 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17000000 USD
CY2021Q4 ldos Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance And Distributions To Noncontrolling Interest Holders Net
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuanceAndDistributionsToNoncontrollingInterestHoldersNet
-1000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4166000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3417000000 USD
CY2020Q2 us-gaap Profit Loss
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115000000 USD
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CY2020Q2 us-gaap Stock Issued During Period Value New Issues
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9000000 USD
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32000000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
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0.34
CY2020Q2 us-gaap Dividends Common Stock
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49000000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3359000000 USD
CY2020Q3 us-gaap Profit Loss
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154000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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58000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
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CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
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2000000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
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0.34
CY2020Q3 us-gaap Dividends Common Stock
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49000000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15000000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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4000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3547000000 USD
CY2020Q4 us-gaap Profit Loss
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163000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
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29000000 USD
CY2020Q4 us-gaap Stock Issued During Period Value New Issues
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10000000 USD
CY2020Q4 us-gaap Stock Repurchased And Retired During Period Value
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1000000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
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0.34
CY2020Q4 us-gaap Dividends Common Stock
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48000000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3715000000 USD
us-gaap Profit Loss
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583000000 USD
us-gaap Profit Loss
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432000000 USD
us-gaap Depreciation Depletion And Amortization
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244000000 USD
us-gaap Depreciation Depletion And Amortization
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214000000 USD
us-gaap Share Based Compensation
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49000000 USD
us-gaap Share Based Compensation
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45000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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11000000 USD
us-gaap Deferred Income Tax Expense Benefit
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4000000 USD
us-gaap Deferred Income Tax Expense Benefit
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-2000000 USD
us-gaap Other Noncash Income Expense
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11000000 USD
us-gaap Other Noncash Income Expense
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-15000000 USD
us-gaap Increase Decrease In Receivables
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103000000 USD
us-gaap Increase Decrease In Receivables
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-140000000 USD
us-gaap Increase Decrease In Other Operating Assets
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-161000000 USD
us-gaap Increase Decrease In Other Operating Assets
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-49000000 USD
ldos Increase Decrease In Accounts Payable And Accrued Liabilities And Other Noncurrent Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAndOtherNoncurrentLiabilities
-172000000 USD
ldos Increase Decrease In Accounts Payable And Accrued Liabilities And Other Noncurrent Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAndOtherNoncurrentLiabilities
211000000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
83000000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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247000000 USD
us-gaap Increase Decrease In Income Taxes
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-20000000 USD
us-gaap Increase Decrease In Income Taxes
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-7000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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821000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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1386000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
622000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2610000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
71000000 USD
us-gaap Payments To Acquire Productive Assets
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120000000 USD
us-gaap Proceeds From Sale Of Productive Assets
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0 USD
us-gaap Proceeds From Sale Of Productive Assets
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10000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
us-gaap Payments For Proceeds From Other Investing Activities
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-6000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-693000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-2714000000 USD
us-gaap Proceeds From Issuance Of Debt
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380000000 USD
us-gaap Proceeds From Issuance Of Debt
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6225000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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80000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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4680000000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
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39000000 USD
us-gaap Payments Of Ordinary Dividends
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149000000 USD
us-gaap Payments Of Ordinary Dividends
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148000000 USD
us-gaap Payments For Repurchase Of Equity
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266000000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
35000000 USD
us-gaap Payments To Minority Shareholders
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3000000 USD
us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Proceeds From Minority Shareholders
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41000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4000000 USD
us-gaap Proceeds From Issuance Of Common Stock
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33000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-44000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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1353000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
84000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
687000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
717000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
771000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
742000000 USD
CY2021Q4 us-gaap Restricted Cash
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184000000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
230000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
587000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
512000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
179000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
110000000 USD
us-gaap Interest Paid Net
InterestPaidNet
128000000 USD
us-gaap Interest Paid Net
InterestPaidNet
104000000 USD
ldos Property Plant And Additions Non Cash Investing Activity
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1000000 USD
ldos Property Plant And Additions Non Cash Investing Activity
PropertyPlantAndAdditionsNonCashInvestingActivity
16000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
50000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
12000000 USD
us-gaap Number Of Reportable Segments
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3 segment
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. Management evaluates these estimates and assumptions on an ongoing basis, including those relating to estimated profitability of long-term contracts, indirect billing rates, allowances for doubtful accounts, inventories, right-of-use assets and lease liabilities, fair value and impairment of intangible assets and goodwill, income taxes, stock-based compensation expense and contingencies. These estimates have been prepared by management on the basis of the most current and best available information; however, actual results could differ materially from those estimates.
CY2021Q4 ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
47000000 USD
CY2020Q4 ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
34000000 USD
ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
115000000 USD
ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
86000000 USD
CY2021Q4 ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
24000000 USD
CY2020Q4 ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
19000000 USD
ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
72000000 USD
ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
45000000 USD
CY2021Q4 ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
23000000 USD
CY2020Q4 ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
15000000 USD
ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
43000000 USD
ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
41000000 USD
CY2021Q4 ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.12
CY2020Q4 ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.07
ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.22
ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.21
CY2021Q4 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
17000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
35000000 USD
CY2020Q4 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
10000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
42000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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184000000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
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163000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14600000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3449000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10157000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3218000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8974000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3449000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10157000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3218000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8974000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3449000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10157000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3218000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
267000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8974000000 USD
CY2021Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
34000000 USD
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
89000000 USD
CY2020Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
24000000 USD
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
71000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1028000000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
906000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
413000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
481000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
21000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
20000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
253000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
41000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
4912000000 USD
CY2021 us-gaap Goodwill Transfers
GoodwillTransfers
0 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1357000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
44000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
6313000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
339000000 USD
ldos Goodwill Re Allocations
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0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
6650000000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2219000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
994000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1225000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1946000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
826000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1120000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 USD
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 USD
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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2315000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
994000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1321000000 USD
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2042000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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826000000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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1216000000 USD
CY2021Q4 us-gaap Amortization Of Intangible Assets
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63000000 USD
us-gaap Amortization Of Intangible Assets
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173000000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
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60000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
154000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
60000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
244000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
217000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
165000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
136000000 USD
CY2021Q4 ldos Finite Lived Intangible Asset Expected Amortization Due After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationDueAfterYearFour
403000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1225000000 USD
CY2021Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-47000000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-44000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-138000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-133000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
9000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-62000000 USD
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-23000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4720000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4744000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
104000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
100000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4616000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4644000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5090000000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4782000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
45000000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
51000000 USD
ldos Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Write Off
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsWriteOff
31000000 USD
CY2021Q4 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7000000 USD
CY2020Q4 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13000000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141000000 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142000000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
143000000 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
143000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144000000 shares
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
137000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
237000000 USD
CY2021Q4 us-gaap Revenues
Revenues
3483000000 USD
CY2020Q4 us-gaap Revenues
Revenues
3242000000 USD
us-gaap Revenues
Revenues
10246000000 USD
us-gaap Revenues
Revenues
9045000000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
305000000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
258000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
882000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
699000000 USD

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