December 30,
 2016

January 1,
 2016

ASSETS

Current assets:

Cash and cash equivalents

$

376

$

656

Receivables, net

1,657

921

Inventory, prepaid expenses and other current assets

348

216

Total current assets

2,381

1,793

Property, plant and equipment, net

259

142

Intangible assets, net

1,589

25

Goodwill

4,622

1,207

Deferred tax assets

16

8

Other assets

265

195

$

9,132

$

3,370

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$

1,427

$

761

Accrued payroll and employee benefits

483

268

Dividends payable

23

2

Income taxes payable

21

6

Notes payable and long-term debt, current portion

62

2

Liabilities of discontinued operations

—

1

Total current liabilities

2,016

1,040

Notes payable and long-term debt, net of current portion

3,225

1,079

Deferred tax liabilities

540

34

Other long-term liabilities

204

149

Commitments and contingencies

Stockholders' equity:

Preferred stock, $.0001 par value,10 million shares authorized and no shares issued 
     and outstanding at December 30, 2016 and January 1, 2016

—

—

Common stock, $.0001 par value, 500 million shares authorized, 150 million and 
     72 million shares issued and outstanding at December 30, 2016, and January 1, 
     2016, respectively

—

—

Additional paid-in capital

3,316

1,353

Accumulated deficit

(177)

(277)

Accumulated other comprehensive loss

(4)

(8)

Total Leidos stockholders' equity

3,135

1,068

Non-controlling interest

12

—

Total equity

3,147

1,068

$

9,132

$

3,370