June 30,
 2017

December 30,
 2016

ASSETS

Current assets:

Cash and cash equivalents

$

262

$

376

Receivables, net

1,832

1,657

Inventory, prepaid expenses and other current assets

340

348

Total current assets

2,434

2,381

Property, plant and equipment, net

215

259

Intangible assets, net

1,006

1,589

Goodwill

4,922

4,622

Deferred tax assets

13

16

Other assets

292

265

$

8,882

$

9,132

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$

1,330

$

1,427

Accrued payroll and employee benefits

475

483

Dividends payable

17

23

Income taxes payable

4

21

Long-term debt, current portion

84

62

Total current liabilities

1,910

2,016

Long-term debt, net of current portion

3,147

3,225

Deferred tax liabilities

362

540

Other long-term liabilities

222

204

Stockholders' equity:

Common stock, $.0001 par value, 500 million shares authorized, 151 million and 150 million shares issued and outstanding at June 30, 2017 and December 30, 2016, respectively

—

—

Additional paid-in capital

3,321

3,316

Accumulated deficit

(105)

(177)

Accumulated other comprehensive income (loss)

8

(4)

Total Leidos stockholders' equity

3,224

3,135

Non-controlling interest

17

12

Total equity

3,241

3,147

$

8,882

$

9,132