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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales:      
Products $ 7,563 $ 7,596 $ 7,516
Services 7,606 8,084 8,099
Total net sales 15,169 15,680 15,615
Cost of sales:      
Products 6,667 6,664 6,671
Services 6,861 7,266 7,288
Total cost of sales 13,528 13,930 13,959
Impairment charge 43    
Operating income 1,598 1,750 1,656
Interest and other income, net   21 19
Interest expense 235 269 279
Debt retirement charge 35 18 10
Income before income taxes 1,328 1,484 1,386
Provision for income taxes 360 518 475
Net income 968 966 911
Less: Net income attributable to noncontrolling interests 12 11 10
Net income attributable to L-3 956 955 901
Less: Net income allocable to participating securities 2 5 8
Net income allocable to L-3 Holdings' common shareholders $ 954 $ 950 $ 893
Earnings per share allocable to L-3 Holdings' common shareholders:      
Basic $ 9.14 $ 8.31 $ 7.65
Diluted $ 9.03 $ 8.25 $ 7.61
Cash dividends paid per common share $ 1.80 $ 1.60 $ 1.40
L-3 Holdings' weighted average common shares outstanding:      
Basic 104.4 114.3 116.8
Diluted 105.6 115.1 117.4