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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 968 $ 966 $ 911
Depreciation of property, plant and equipment 173 164 158
Amortization of intangibles and other assets 74 67 60
Deferred income tax provision 107 111 74
Stock-based employee compensation expense 64 82 74
Contributions to employee savings plans in L-3 Holdings' common stock 137 143 139
Amortization of pension and postretirement benefit plans net loss and prior service cost 48 41 52
Amortization of bond discounts (included in interest expense) 4 24 23
Amortization of deferred debt issue costs (included in interest expense) 9 12 11
Non-cash portion of debt retirement charge 11 5  
Goodwill impairment charge 43    
Equity in losses (earnings) of unconsolidated subsidiaries 12 (8) (4)
Other non-cash items 2 (2) 1
Subtotal 1,652 1,605 1,499
Changes in operating assets and liabilities, excluding acquired and divested amounts:      
Billed receivables 56 (109) 107
Contracts in process (89) (136) (79)
Inventories (14) 2 14
Accounts payable, trade (30) (2) (118)
Accrued employment costs (40) 22 (59)
Accrued expenses 48 47 (39)
Advance payments and billings in excess of costs incurred (15) 63 (15)
Income taxes (1) 78 27
Excess income tax benefits related to share-based payment arrangements (2) (7) (4)
Other current liabilities 17 23 9
Pension and postretirement benefits (83) (78) 43
All other operating activities (15) (47) 22
Subtotal (168) (144) (92)
Net cash from operating activities 1,484 1,461 1,407
Investing activities:      
Business acquisitions, net of cash acquired (20) (756) (90)
Proceeds from sale of a business 1 2  
Capital expenditures (192) (181) (186)
Dispositions of property, plant and equipment 6 10 4
Investments in equity investees   (23)  
Other investing activities 2 3  
Net cash used in investing activities (203) (945) (272)
Financing activities:      
Proceeds from sale of senior notes 1,143 797 996
Repayment of borrowings under term loan facility     (650)
Redemption of senior subordinated notes (1,150) (800) (750)
Redemption of CODES (11)    
Borrowings under revolving credit facility 625 13  
Repayment of borrowings under revolving credit facility (625) (13)  
Common stock repurchased (958) (834) (505)
Dividends paid on L-3 Holdings' common stock (188) (184) (165)
Proceeds from exercise of stock options 22 60 24
Proceeds from employee stock purchase plan 46 68 70
Debt issue costs (11) (7) (22)
Excess income tax benefits related to share-based payment arrangements 2 7 4
Other financing activities (15) (25) (7)
Net cash used in financing activities (1,120) (918) (1,005)
Effect of foreign currency exchange rate changes on cash and cash equivalents (4) (7) 19
Net increase (decrease) in cash and cash equivalents 157 (409) 149
Cash and cash equivalents, beginning of the year 607 1,016 867
Cash and cash equivalents, end of the year $ 764 $ 607 $ 1,016