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Unaudited Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 24, 2010
Sep. 24, 2010
Sep. 30, 2011
Net sales:    
Products$ 1,856$ 1,769$ 5,404$ 5,473
Services1,9312,0666,0215,681
Total net sales3,7873,83511,42511,154
Cost of sales:    
Products1,6441,5404,7024,824
Services1,7371,8585,4345,130
Total cost of sales3,3813,39810,1369,954
Operating income4064371,2891,200
Interest and other income, net331510
Interest expense5764200176
Debt retirement charge 51818
Income before income taxes3523711,0861,016
Provision for income taxes114130392325
Net income238241694691
Less: Net income attributable to noncontrolling interests3379
Net income attributable to L-3235238687682
Less: Net income allocable to participating securities 142
Net income allocable to L-3 Holdings' common shareholders$ 235$ 237$ 683$ 680
Earnings per share allocable to L-3 Holdings' common shareholders:    
Basic$ 2.27$ 2.08$ 5.93$ 6.42
Diluted$ 2.24$ 2.07$ 5.89$ 6.34
Cash dividends paid per common share$ 0.45$ 0.40$ 1.20$ 1.35
L-3 Holdings' weighted average common shares outstanding:    
Basic103.5114.0115.1106.0
Diluted104.8114.7116.0107.2