LEIDOS HOLDINGS, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share and per share data)

September 27,
2024

December 29,
2023

Assets:

Cash and cash equivalents

$        1,185

$           777

Receivables, net

2,706

2,429

Inventory, net

323

310

Other current assets

451

489

Total current assets

4,665

4,005

Property, plant and equipment, net

992

961

Intangible assets, net

558

667

Goodwill

6,123

6,112

Operating lease right-of-use assets, net

459

512

Other long-term assets

541

438

Total assets

$      13,338

$      12,695

Liabilities:

Accounts payable and accrued liabilities

$        2,287

$        2,277

Accrued payroll and employee benefits

903

695

Current portion of long-term debt

592

18

Total current liabilities

3,782

2,990

Long-term debt, net of current portion

4,081

4,664

Operating lease liabilities

467

516

Other long-term liabilities

341

267

Total liabilities

8,671

8,437

Stockholders' equity:

Common stock, $0.0001 par value, 500,000,000 shares authorized, 133,337,275 and

  135,766,419 shares issued and outstanding at September 27, 2024, and

  December 29, 2023, respectively

—

—

Additional paid-in capital

1,469

1,885

Retained earnings

3,179

2,364

Accumulated other comprehensive loss

(34)

(48)

Total Leidos stockholders' equity

4,614

4,201

Non-controlling interest

53

57

Total stockholders' equity

4,667

4,258

Total liabilities and stockholders' equity

$      13,338

$      12,695