Leidos Reports Strong Third Quarter 2024 Results and Raises Full-Year Guidance

UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED]
(in millions, except margin percentages)

The following tables present the reconciliation of non-GAAP operating income by reportable segment and Corporate to operating income:



Three Months Ended September 27, 2024



Operating
income (loss)


Acquisition,
integration and
restructuring
costs


Amortization of
acquired
intangibles


Asset
impairment
charges


Non-GAAP
operating
income (loss)


Non-GAAP
operating
margin

National Security & Digital


$           187


$             —


$              6


$             2


$           195


10.5 %

Health & Civil


287



8


2


297


24.2 %

Commercial & International


41


1


7


2


51


8.8 %

Defense Systems


37



16



53


10.2 %

Corporate


(36)


2




(34)


NM

Total


$           516


$              3


$            37


$             6


$           562


13.4 %

 



Three Months Ended September 29, 2023



Operating
income
(loss)


Acquisition,
integration
and
restructuring
costs


Amortization
of acquired
intangibles


Goodwill
impairment
charges


Asset
impairment
charges


Non-GAAP
operating
income
(loss)


Non-GAAP
operating
margin

National Security & Digital


$       170


$          —


$         12


$          —


$          —


$       182


9.8 %

Health & Civil


165



9




174


16.5 %

Commercial & International


(646)


9


9


599


80


51


9.2 %

Defense Systems


3


3


20



8


34


7.4 %

Corporate


(28)


5





(23)


NM

Total


$      (336)


$         17


$         50


$       599


$         88


$       418


10.7 %


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