Composition of Certain Financial Statement Captions

12 Months Ended

Jan. 31, 2013

Note 3—Composition of Certain Financial Statement Captions:


	January 31
	2013			2012
	(in millions)
Receivables, net:
Billed and billable receivables	$	1,272		$	1,558
Unbillable receivables, including contract retentions		626			612
Less allowance for doubtful accounts		(9	)		(6	)
	$	1,889		$	2,164
Inventory, prepaid expenses and other current assets:
Inventories	$	192		$	168
Prepaid expenses		51			59
Restricted cash		51			43
Deferred income taxes		18			82
Assets held for sale		30			9
Prepaid income taxes and tax refunds receivable		94			41
Other		18			37
	$	454		$	439
Property, plant and equipment, net:
Computers and other equipment	$	314		$	305
Buildings and improvements		148			181
Leasehold improvements		212			194
Office furniture and fixtures		57			54
Land		27			32
Construction in progress		2			6
		760			772
Less accumulated depreciation and amortization		(442	)		(424	)
	$	318		$	348
Accounts payable and accrued liabilities:
Accounts payable	$	435		$	485
Accrued liabilities *		682			1,265
Collections in excess of revenues on uncompleted contracts and deferred revenue		132			211
	$	1,249		$	1,961
Accrued payroll and employee benefits:
Salaries, bonuses and amounts withheld from employees’ compensation	$	298		$	251
Accrued vacation		236			246
Accrued contributions to employee benefit plans		8			7
	$	542		$	504
Other long-term liabilities:
Accrued pension liabilities	$	8		$	29
Deferred compensation		44			41
Liabilities for uncertain tax positions		24			29
Deferred tax liabilities		25			—
Other		67			63
	$	168		$	162

*	Includes the $500 million CityTime obligation as of January 31, 2012 described in Note 17.

Science Applications International Corporation

Note 3—Composition of Certain Financial Statement Captions:


	January 31
	2013			2012
	(in millions)
Receivables, net:
Billed and billable receivables	$	1,272		$	1,558
Unbillable receivables, including contract retentions		626			612
Less allowance for doubtful accounts		(9	)		(6	)
	$	1,889		$	2,164
Inventory, prepaid expenses and other current assets:
Inventories	$	192		$	168
Prepaid expenses		51			59
Restricted cash		51			43
Deferred income taxes		18			82
Assets held for sale		30			9
Prepaid income taxes and tax refunds receivable		94			41
Other		18			37
	$	454		$	439
Property, plant and equipment, net:
Computers and other equipment	$	314		$	305
Buildings and improvements		148			181
Leasehold improvements		212			194
Office furniture and fixtures		57			54
Land		27			32
Construction in progress		2			6
		760			772
Less accumulated depreciation and amortization		(442	)		(424	)
	$	318		$	348
Accounts payable and accrued liabilities:
Accounts payable	$	435		$	485
Accrued liabilities *		682			1,265
Collections in excess of revenues on uncompleted contracts and deferred revenue		132			211
	$	1,249		$	1,961
Accrued payroll and employee benefits:
Salaries, bonuses and amounts withheld from employees’ compensation	$	298		$	251
Accrued vacation		236			246
Accrued contributions to employee benefit plans		8			7
	$	542		$	504
Other long-term liabilities:
Accrued pension liabilities	$	8		$	29
Deferred compensation		44			41
Liabilities for uncertain tax positions		24			29
Deferred tax liabilities		25			—
Other		67			63
	$	168		$	162

*	Includes the $500 million CityTime obligation as of January 31, 2012 described in Note 17.