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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 29, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 481 [1] $ 764
Billed receivables, net of allowances of $32 in 2012 and $27 in 2011 1,255 [1] 1,240
Contracts in process 2,908 [1] 2,629
Inventories 383 [1] 317
Deferred income taxes 97 [1] 99
Other current assets 163 [1] 195
Total current assets 5,287 [1] 5,244
Property, plant and equipment, net 977 [1] 934
Goodwill 8,828 [1] 8,697
Identifiable intangible assets 414 [1] 410
Deferred debt issue costs 35 [1] 33
Other assets 184 [1] 179
Total assets 15,725 [1] 15,497
Current liabilities:    
Accounts payable, trade 620 [1] 432
Accrued employment costs 630 [1] 631
Accrued expenses 470 [1] 616
Advance payments and billings in excess of costs incurred 587 [1] 564
Income taxes 23 [1] 40
Other current liabilities 391 [1] 407
Total current liabilities 2,721 [1] 2,690
Pension and postretirement benefits 1,108 [1] 1,137
Deferred income taxes 437 [1] 385
Other liabilities 473 [1] 436
Long-term debt 4,126 [1] 4,125
Total liabilities 8,865 [1] 8,773
Commitments and contingencies (see Note16)      
L-3 shareholders' equity:    
L-3 Communications Holdings, Inc.'s common stock: $.01 par value; 300,000,000 shares authorized, 96,251,510 shares outstanding at June 29, 2012 and 98,979,411 shares outstanding at December 31, 2011 (L-3 Communications Corporation's common stock: $.01 par value, 100 shares authorized, issued and outstanding) 5,204 [1] 5,064
L-3 Communications Holdings, Inc.'s treasury stock (at cost), 49,853,027 shares at June 29, 2012 and 45,314,918 shares at December 31, 2011 (3,931) [1] (3,616)
Retained earnings 5,946 [1] 5,641
Accumulated other comprehensive loss (448) [1] (454)
Total L-3 shareholders' equity 6,771 [1] 6,635
Noncontrolling interests 89 [1] 89
Total equity 6,860 [1] 6,724
Total liabilities and equity $ 15,725 [1] $ 15,497
[1] Unaudited