XML 27 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Jul. 19, 2017
Mar. 30, 2018
Mar. 31, 2017
Net sales:      
Products   $ 1,646 $ 1,604
Services   725 717
Total net sales   2,371 2,321
Operating costs and expenses:      
Cost of sales — Products   (1,191) (1,188)
Cost of sales — Services   (532) (538)
General and administrative expenses   (397) (358)
Operating income   251 237
Interest expense   (41) (42)
Interest and other income, net   6 4
Income from continuing operations before income taxes   216 199
Provision for income taxes   (24) (42)
Income from continuing operations   192 157
Income from discontinued operations, net of income taxes   16 11
Net income   208 168
Net income from continuing operations attributable to noncontrolling interests   (5) (4)
Net income attributable to L3   $ 203 $ 164
Basic earnings per share attributable to common shareholders:      
Continuing operations (in dollars per share)   $ 2.40 $ 1.97
Discontinued operations (in dollars per share)   0.20 0.14
Basic earnings per share (in dollars per share)   2.60 2.11
Diluted earnings per share attributable to common shareholders:      
Continuing operations (in dollars per share)   2.34 1.93
Discontinued operations (in dollars per share)   0.20 0.14
Diluted earnings per share (in dollars per share)   2.54 2.07
Cash dividends declared per common share (in dollars per share) $ 0.80 $ 0.80 $ 0.75
Weighted average common shares outstanding:      
Basic (in shares)   78.2 77.7
Diluted (in shares)   79.9 79.3