LEIDOS HOLDINGS, INC.
UNAUDITED SEGMENT OPERATING RESULTS
(in millions)
During the third quarter, the Company completed its acquisition of Lockheed Martin's IS&GS Business and identified the business as a new operating and reportable segment.
The segment information for the periods presented was as follows:
|
|
|
Three Months Ended |
|
Nine Months Ended | ||||||||||||||||||||||||||
|
|
|
September 30,
|
|
October 2,
|
|
Dollar change |
|
Percent change |
|
September 30,
|
|
October 2,
|
|
Dollar change |
|
Percent change | ||||||||||||||
|
Revenues: |
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||||
|
National Security Solutions |
|
$ |
921 |
|
|
$ |
878 |
|
|
$ |
43 |
|
|
4.9 |
% |
|
$ |
2,734 |
|
|
$ |
2,619 |
|
|
$ |
115 |
|
|
4.4 |
% |
|
Health and Infrastructure |
|
328 |
|
|
418 |
|
|
(90) |
|
|
(21.5)% |
|
|
1,115 |
|
|
1,182 |
|
|
(67) |
|
|
(5.7) |
% | ||||||
|
Information Systems & Global Solutions |
|
620 |
|
|
— |
|
|
620 |
|
|
NM |
|
|
620 |
|
|
— |
|
|
620 |
|
|
NM |
| ||||||
|
Corporate and Other |
|
(1) |
|
|
6 |
|
|
(7) |
|
|
NM |
|
|
(1) |
|
|
4 |
|
|
(5) |
|
|
NM |
| ||||||
|
Total |
|
$ |
1,868 |
|
|
$ |
1,302 |
|
|
$ |
566 |
|
|
43.5 |
% |
|
$ |
4,468 |
|
|
$ |
3,805 |
|
|
$ |
663 |
|
|
17.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Operating income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
National Security Solutions |
|
$ |
91 |
|
|
$ |
78 |
|
|
$ |
13 |
|
|
16.7 |
% |
|
$ |
224 |
|
|
$ |
214 |
|
|
$ |
10 |
|
|
4.7 |
% |
|
Health and Infrastructure |
|
41 |
|
|
13 |
|
|
28 |
|
|
NM |
|
|
116 |
|
|
(1) |
|
|
117 |
|
|
NM |
| ||||||
|
Information Systems & Global Solutions |
|
26 |
|
|
— |
|
|
26 |
|
|
NM |
|
|
26 |
|
|
— |
|
|
26 |
|
|
NM |
| ||||||
|
Corporate and Other |
|
(57) |
|
|
3 |
|
|
(60) |
|
|
NM |
|
|
(101) |
|
|
(17) |
|
|
(84) |
|
|
NM |
| ||||||
|
Total |
|
$ |
101 |
|
|
$ |
94 |
|
|
$ |
7 |
|
|
7.4 |
% |
|
$ |
265 |
|
|
$ |
196 |
|
|
$ |
69 |
|
|
35.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Operating income (loss) margin: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
National Security Solutions |
|
9.9 |
% |
|
8.9 |
% |
|
|
|
|
|
8.2 |
% |
|
8.2 |
% |
|
|
|
| ||||||||||
|
Health and Infrastructure |
|
12.5 |
% |
|
3.1 |
% |
|
|
|
|
|
10.4 |
% |
|
(0.1) |
% |
|
|
|
| ||||||||||
|
Information Systems & Global Solutions |
|
4.2 |
% |
|
— |
|
|
|
|
|
|
4.2 |
% |
|
— |
|
|
|
|
| ||||||||||
|
Total |
|
5.4 |
% |
|
7.2 |
% |
|
|
|
|
|
5.9 |
% |
|
5.2 |
% |
|
|
|
| ||||||||||
|
| ||||||||||||||||||||||||||||||
|
NM - Not Meaningful | ||||||||||||||||||||||||||||||
