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Unaudited Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jul. 01, 2011
Jun. 25, 2010
Jul. 01, 2011
Jun. 25, 2010
Net sales:        
Products $ 1,886 $ 1,921 $ 3,617 $ 3,635
Services 1,880 2,045 3,750 3,955
Total net sales 3,766 3,966 7,367 7,590
Cost of sales:        
Products 1,668 1,674 3,180 3,162
Services 1,694 1,850 3,393 3,576
Total cost of sales 3,362 3,524 6,573 6,738
Operating income 404 442 794 852
Interest and other income, net 5 8 7 12
Interest expense 56 72 119 136
Debt retirement charge   13 18 13
Income before income taxes 353 365 664 715
Provision for income taxes 107 134 211 262
Net income 246 231 453 453
Less: Net income attributable to noncontrolling interests 3 3 6 4
Net income attributable to L-3 243 228 447 449
Less: Net income allocable to participating securities 1 1 2 3
Net income allocable to L-3 Holdings' common shareholders $ 242 $ 227 $ 445 $ 446
Earnings per share allocable to L-3 Holdings' common shareholders:        
Basic $ 2.28 $ 1.97 $ 4.15 $ 3.85
Diluted $ 2.26 $ 1.95 $ 4.11 $ 3.82
Cash dividends paid per common share $ 0.45 $ 0.40 $ 0.90 $ 0.80
L-3 Holdings' weighted average common shares outstanding:        
Basic 106.1 115.4 107.3 115.7
Diluted 107.2 116.5 108.4 116.7