$LDOS
Leidos Holdings, Inc.

2022 Q2 Form 10-Q Financial Statement

#000133692022000024 Filed on May 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $3.494B $3.315B
YoY Change 5.4% 14.75%
Cost Of Revenue $2.982B $2.848B
YoY Change 4.71% 14.19%
Gross Profit $512.0M $467.0M
YoY Change 9.64% 18.23%
Gross Profit Margin 14.65% 14.09%
Selling, General & Admin $236.0M $159.0M
YoY Change 48.43% -19.29%
% of Gross Profit 46.09% 34.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.00M $77.00M
YoY Change 10.39% 26.23%
% of Gross Profit 16.6% 16.49%
Operating Expenses $236.0M $159.0M
YoY Change 48.43% -19.29%
Operating Profit $271.0M $308.0M
YoY Change -12.01% 60.42%
Interest Expense -$50.00M -$40.00M
YoY Change 25.0% -4.76%
% of Operating Profit -18.45% -12.99%
Other Income/Expense, Net -$1.000M -$1.000M
YoY Change 0.0% -92.86%
Pretax Income $222.0M $262.0M
YoY Change -15.27% 101.54%
Income Tax $45.00M $57.00M
% Of Pretax Income 20.27% 21.76%
Net Earnings $175.0M $205.0M
YoY Change -14.63% 78.26%
Net Earnings / Revenue 5.01% 6.18%
Basic Earnings Per Share $1.26 $1.44
Diluted Earnings Per Share $1.25 $1.42
COMMON SHARES
Basic Shares Outstanding 139.0M shares 142.0M shares
Diluted Shares Outstanding 140.0M shares 144.0M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.0M $377.0M
YoY Change -21.22% -15.28%
Cash & Equivalents $297.0M $377.0M
Short-Term Investments
Other Short-Term Assets $492.0M $452.0M
YoY Change 8.85% -28.25%
Inventory $279.0M $268.0M
Prepaid Expenses
Receivables $2.419B $2.160B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.487B $3.257B
YoY Change 7.06% 13.56%
LONG-TERM ASSETS
Property, Plant & Equipment $674.0M $655.0M
YoY Change 2.9% 33.67%
Goodwill $6.742B $6.456B
YoY Change 4.43% 12.89%
Intangibles $1.109B $1.234B
YoY Change -10.13% 29.89%
Long-Term Investments
YoY Change
Other Assets $418.0M $452.0M
YoY Change -7.52% 7.11%
Total Long-Term Assets $9.543B $9.381B
YoY Change 1.73% 15.53%
TOTAL ASSETS
Total Short-Term Assets $3.487B $3.257B
Total Long-Term Assets $9.543B $9.381B
Total Assets $13.03B $12.64B
YoY Change 3.1% 15.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.832B $1.700B
YoY Change 7.76% 20.31%
Accrued Expenses $724.0M $684.0M
YoY Change 5.85% 3.01%
Deferred Revenue $382.0M $433.0M
YoY Change -11.78% 3.1%
Short-Term Debt $455.0M $0.00
YoY Change
Long-Term Debt Due $556.0M $103.0M
YoY Change 439.81% -94.26%
Total Short-Term Liabilities $3.494B $2.920B
YoY Change 19.66% -31.93%
LONG-TERM LIABILITIES
Long-Term Debt $4.569B $4.663B
YoY Change -2.02% 90.79%
Other Long-Term Liabilities $195.0M $275.0M
YoY Change -29.09% 25.57%
Total Long-Term Liabilities $195.0M $275.0M
YoY Change -29.09% 25.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.494B $2.920B
Total Long-Term Liabilities $195.0M $275.0M
Total Liabilities $9.022B $8.658B
YoY Change 4.2% 92.02%
SHAREHOLDERS EQUITY
Retained Earnings $2.007B $1.484B
YoY Change 35.24% 54.42%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.955B $3.933B
YoY Change
Total Liabilities & Shareholders Equity $13.03B $12.64B
YoY Change 3.1% 15.02%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $175.0M $205.0M
YoY Change -14.63% 78.26%
Depreciation, Depletion And Amortization $85.00M $77.00M
YoY Change 10.39% 26.23%
Cash From Operating Activities $93.00M $239.0M
YoY Change -61.09% -35.75%
INVESTING ACTIVITIES
Capital Expenditures -$28.00M -$26.00M
YoY Change 7.69% -40.91%
Acquisitions $2.000M $218.0M
YoY Change -99.08% -86.72%
Other Investing Activities $7.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$21.00M -$244.0M
YoY Change -91.39% -85.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.00M $87.00M
YoY Change -86.21% 987.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$519.0M -$148.0M
YoY Change 250.68% -112.75%
NET CHANGE
Cash From Operating Activities $93.00M $239.0M
Cash From Investing Activities -$21.00M -$244.0M
Cash From Financing Activities -$519.0M -$148.0M
Net Change In Cash -$447.0M -$153.0M
YoY Change 192.16% 0.66%
FREE CASH FLOW
Cash From Operating Activities $93.00M $239.0M
Capital Expenditures -$28.00M -$26.00M
Free Cash Flow $121.0M $265.0M
YoY Change -54.34% -36.3%

Facts In Submission

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9000000 USD
CY2021Q2 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
0 USD
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
28000000 USD
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26000000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21000000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-244000000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
75000000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
0 USD
CY2022Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
27000000 USD
CY2021Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
26000000 USD
CY2022Q2 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
51000000 USD
CY2021Q2 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
50000000 USD
CY2022Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
526000000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
123000000 USD
CY2022Q2 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2000000 USD
CY2021Q2 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
38000000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12000000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13000000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-519000000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-148000000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-447000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-153000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
875000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
687000000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
428000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534000000 USD
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
131000000 USD
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
157000000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
297000000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
377000000 USD
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000000 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
38000000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
35000000 USD
CY2022Q2 ldos Property Plant And Additions Non Cash Investing Activity
PropertyPlantAndAdditionsNonCashInvestingActivity
2000000 USD
CY2021Q2 ldos Property Plant And Additions Non Cash Investing Activity
PropertyPlantAndAdditionsNonCashInvestingActivity
0 USD
CY2022Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2021Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
45000000 USD
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
131000000 USD
CY2022Q2 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.
CY2022Q2 ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
41000000 USD
CY2021Q2 ldos Increase In Income Before Income Taxes From Changes In Contract Estimates
IncreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
31000000 USD
CY2022Q2 ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
26000000 USD
CY2021Q2 ldos Decrease In Income Before Income Taxes From Changes In Contract Estimates
DecreaseInIncomeBeforeIncomeTaxesFromChangesInContractEstimates
19000000 USD
CY2022Q2 ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
15000000 USD
CY2021Q2 ldos Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
12000000 USD
CY2022Q2 ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.08
CY2021Q2 ldos Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.06
CY2022Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
14000000 USD
CY2021Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
9000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
148000000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15400000000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3478000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3291000000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3478000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3291000000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3478000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3291000000 USD
CY2022Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
16000000 USD
CY2021Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
24000000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1078000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1022000000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
382000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
364000000 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
25000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
24000000 USD
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
188000000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
144000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
6313000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
430000000 USD
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1000000 USD
CY2021 ldos Goodwill Re Allocations
GoodwillReAllocations
0 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
6744000000 USD
CY2022Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1000000 USD
CY2022Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
4000000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1000000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
6742000000 USD
CY2021Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2029000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1016000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1013000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2088000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1007000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1081000000 USD
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 USD
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96000000 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
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2125000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1016000000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1109000000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2184000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1007000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1177000000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59000000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
173000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
203000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
150000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
120000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
96000000 USD
CY2022Q2 ldos Finite Lived Intangible Asset Expected Amortization Due After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationDueAfterYearFour
271000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1013000000 USD
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-48000000 USD
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-45000000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
32000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
12000000 USD
CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
15000000 USD
CY2022Q2 us-gaap Commercial Paper
CommercialPaper
75000000 USD
CY2021Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
455000000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
380000000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4670000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4696000000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
101000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
103000000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4569000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4593000000 USD
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5041000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5065000000 USD
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
41000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
43000000 USD
CY2022Q2 us-gaap Commercial Paper
CommercialPaper
75000000 USD
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2000000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142000000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144000000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2022Q2 ldos Receivable Collectible Period
ReceivableCollectiblePeriod
P30D
CY2022Q2 us-gaap Accounts Receivable Sale
AccountsReceivableSale
209000000 USD
CY2021Q2 us-gaap Accounts Receivable Sale
AccountsReceivableSale
465000000 USD
CY2022Q2 ldos Proceeds From Sale Of Receivables Operating Activities
ProceedsFromSaleOfReceivablesOperatingActivities
209000000 USD
CY2021Q2 ldos Proceeds From Sale Of Receivables Operating Activities
ProceedsFromSaleOfReceivablesOperatingActivities
464000000 USD
CY2022Q2 us-gaap Accounts Receivable Sale
AccountsReceivableSale
209000000 USD
CY2021Q2 us-gaap Accounts Receivable Sale
AccountsReceivableSale
465000000 USD
CY2022Q2 ldos Accounts Receivable Cash Proceeds From Sold Receivables Remitted To Financial Institutions
AccountsReceivableCashProceedsFromSoldReceivablesRemittedToFinancialInstitutions
209000000 USD
CY2021Q2 ldos Accounts Receivable Cash Proceeds From Sold Receivables Remitted To Financial Institutions
AccountsReceivableCashProceedsFromSoldReceivablesRemittedToFinancialInstitutions
371000000 USD
CY2022Q2 ldos Accounts Receivable Sold After Cash Collections Remitted To Financial Institutions
AccountsReceivableSoldAfterCashCollectionsRemittedToFinancialInstitutions
0 USD
CY2021Q2 ldos Accounts Receivable Sold After Cash Collections Remitted To Financial Institutions
AccountsReceivableSoldAfterCashCollectionsRemittedToFinancialInstitutions
94000000 USD
CY2022Q2 ldos Accounts Receivable Cash Proceeds From Sold Receivables Not Yet Remitted To Financial Institutions
AccountsReceivableCashProceedsFromSoldReceivablesNotYetRemittedToFinancialInstitutions
0 USD
CY2021Q2 ldos Accounts Receivable Cash Proceeds From Sold Receivables Not Yet Remitted To Financial Institutions
AccountsReceivableCashProceedsFromSoldReceivablesNotYetRemittedToFinancialInstitutions
19000000 USD
CY2022Q2 ldos Accounts Receivable Sold Due From Customers
AccountsReceivableSoldDueFromCustomers
0 USD
CY2021Q2 ldos Accounts Receivable Sold Due From Customers
AccountsReceivableSoldDueFromCustomers
75000000 USD
CY2022Q2 us-gaap Revenues
Revenues
3494000000 USD
CY2021Q2 us-gaap Revenues
Revenues
3315000000 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
271000000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
308000000 USD

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