LEIDOS HOLDINGS, INC.
UNAUDITED SEGMENT OPERATING RESULTS
(in millions)
During the first quarter of fiscal 2017, the Company completed its business reorganization, which resulted in identification of three reportable segments - Defense Solutions, Civil and Health. Additionally, the Company separately presents the costs associated with corporate functions as Corporate. The Company commenced operating and reporting under the new organizational structure effective the beginning of fiscal year 2017. As a result of this change, prior year segment results and disclosures have been recast to reflect the new reportable segments.
The segment information for the periods presented was as follows:
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Three Months Ended |
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Twelve Months Ended | ||||||||||||||||||||||||||
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|
December 29,
|
|
December 30,
|
|
Dollar
|
|
Percent
|
|
December 29,
|
|
December 30,
|
|
Dollar
|
|
Percent
| ||||||||||||||
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Revenues: |
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|
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| ||||||||||||||
|
Defense Solutions |
|
$ |
1,221 |
|
|
$ |
1,269 |
|
|
$ |
(48) |
|
|
(3.8) |
% |
|
$ |
4,959 |
|
|
$ |
3,843 |
|
|
$ |
1,116 |
|
|
29.0 |
% |
|
Civil |
|
854 |
|
|
862 |
|
|
(8) |
|
|
(0.9) |
% |
|
3,409 |
|
|
2,082 |
|
|
1,327 |
|
|
63.7 |
% | ||||||
|
Health |
|
441 |
|
|
443 |
|
|
(2) |
|
|
(0.5) |
% |
|
1,802 |
|
|
1,117 |
|
|
685 |
|
|
61.3 |
% | ||||||
|
Corporate |
|
— |
|
|
1 |
|
|
(1) |
|
|
NM |
|
— |
|
|
1 |
|
|
(1) |
|
|
NM | ||||||||
|
Total |
|
$ |
2,516 |
|
|
$ |
2,575 |
|
|
$ |
(59) |
|
|
(2.3) |
% |
|
$ |
10,170 |
|
|
$ |
7,043 |
|
|
$ |
3,127 |
|
|
44.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Operating income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Defense Solutions |
|
$ |
85 |
|
|
$ |
88 |
|
|
$ |
(3) |
|
|
(3.4) |
% |
|
$ |
307 |
|
|
$ |
312 |
|
|
$ |
(5) |
|
|
(1.6) |
% |
|
Civil |
|
56 |
|
|
66 |
|
|
(10) |
|
|
(15.2) |
% |
|
226 |
|
|
146 |
|
|
80 |
|
|
54.8 |
% | ||||||
|
Health |
|
44 |
|
|
48 |
|
|
(4) |
|
|
(8.3) |
% |
|
228 |
|
|
110 |
|
|
118 |
|
|
107.3 |
% | ||||||
|
Corporate |
|
(84) |
|
|
(50) |
|
|
(34) |
|
|
68.0 |
% |
|
(202) |
|
|
(151) |
|
|
(51) |
|
|
33.8 |
% | ||||||
|
Total |
|
$ |
101 |
|
|
$ |
152 |
|
|
$ |
(51) |
|
|
(33.6) |
% |
|
$ |
559 |
|
|
$ |
417 |
|
|
$ |
142 |
|
|
34.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Operating income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Defense Solutions |
|
7.0 |
% |
|
6.9 |
% |
|
|
|
|
|
6.2 |
% |
|
8.1 |
% |
|
|
|
| ||||||||||
|
Civil |
|
6.6 |
% |
|
7.7 |
% |
|
|
|
|
|
6.6 |
% |
|
7.0 |
% |
|
|
|
| ||||||||||
|
Health |
|
10.0 |
% |
|
10.8 |
% |
|
|
|
|
|
12.7 |
% |
|
9.8 |
% |
|
|
|
| ||||||||||
|
Total |
|
4.0 |
% |
|
5.9 |
% |
|
|
|
|
|
5.5 |
% |
|
5.9 |
% |
|
|
|
| ||||||||||
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|
NM - Not Meaningful | ||||||||||||||||||||||||||||||
