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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 30, 2012
Apr. 01, 2011
Operating activities:    
Net income $ 203 $ 207
Depreciation of property, plant and equipment 43 42
Amortization of intangibles and other assets 16 17
Deferred income tax provision 20 26
Stock-based employee compensation expense 14 15
Contributions to employee savings plans in L-3 Holdings' common stock 38 40
Amortization of pension and postretirement benefit plans net loss and prior service cost 17 13
Amortization of bond discounts (included in interest expense) 1 2
Amortization of deferred debt issue costs (included in interest expense) 2 2
Non-cash portion of debt retirement charge   5
Other non-cash items   2
Changes in operating assets and liabilities, excluding acquired and divested amounts:    
Billed receivables (6) 38
Contracts in process (148) (159)
Inventories (39) (32)
Accounts payable, trade 102 116
Accrued employment costs (15) (27)
Accrued expenses (112) (32)
Advance payments and billings in excess of costs incurred 10 (33)
Income taxes 62 44
Excess income tax benefits related to share-based payment arrangements (1) (1)
Other current liabilities (16) (4)
Pension and postretirement benefits (30) (35)
All other operating activities (24) (26)
Net cash from operating activities 137 220
Investing activities:    
Business acquisitions, net of cash acquired (205)  
Capital expenditures (27) (35)
Dispositions of property, plant and equipment   1
Other investing activities (2)  
Net cash used in investing activities (234) (34)
Financing activities:    
Proceeds from sale of senior notes   646
Redemption of senior subordinated notes   (650)
Redemption of CODES   (11)
Borrowings under revolving credit facility 16 81
Repayment of borrowings under revolving credit facility (16) (81)
Common stock repurchased (138) (205)
Dividends paid on L-3 Holdings' common stock (49) (49)
Proceeds from exercise of stock options 6 7
Proceeds from employee stock purchase plan 12 13
Debt issue costs (6) (6)
Excess income tax benefits related to share-based payment arrangements 1 1
Other financing activities (5) (3)
Net cash used in financing activities (179) (257)
Effect of foreign currency exchange rate changes on cash and cash equivalents 5 12
Net decrease in cash and cash equivalents (271) (59)
Cash and cash equivalents, beginning of the period 764 607
Cash and cash equivalents, end of the period $ 493 [1] $ 548
[1] Unaudited