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Segment Information (Tables)
 9 Months Ended
Sep. 28, 2012
Summary of Segment Information

The Company has four segments, which are described in Note 1. The tables below present net sales, operating income, depreciation and amortization and total assets by segment. Certain corporate expenses that had previously been allocated to the Engility businesses were retained by the Company and have been allocated to L-3’s four reportable segments. These corporate expenses were $7 million for the third quarter ended September 30, 2011, and $10 million and $20 million for the year-to-date periods ended September 28, 2012 and September 30, 2011 respectively.

 

     Third Quarter Ended     Year-to-Date Ended  
     September 28,
2012		     September  30,
2011(1)		     September 28,
2012		     September  30,
2011(1)		  
     (in millions)  

Net Sales:

         

Electronic Systems

    $ 1,432      $ 1,418      $ 4,191      $ 4,180   

C3ISR

      889        878        2,642        2,476   

AM&M

      715        671        2,033        1,975   

NSS

      353        421        1,042        1,257   

Elimination of intercompany sales

      (106 )      (87 )      (322 )      (273 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated total

    $   3,283      $   3,301      $   9,586      $   9,615   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating Income:

         

Electronic Systems

    $ 158      $ 166      $ 480      $ 504   

C3ISR

      93        100        272        285   

AM&M

      65        60        179        180   

NSS

      15        33        56        76   
  

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated total

    $ 331      $ 359      $ 987      $ 1,045   
  

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation and amortization:

         

Electronic Systems

    $ 34      $ 35      $ 105      $ 110   

C3ISR

      11        11        34        33   

AM&M

      4        4        15        13   

NSS

      5        4        11        13   
  

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated total

    $ 54      $ 54      $ 165      $ 169   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

     September 28,
2012		      December  31,
2011(1)		  
     (in millions)  

Total Assets:

      

Electronic Systems

    $ 8,144       $ 7,555   

C3ISR

      2,086         2,022   

AM&M

      2,068         1,922   

NSS

      1,281         1,317   

Corporate

      621         952   

Assets of Discontinued Operations

      —         1,729   
  

 

 

     

 

 

  

Consolidated total

    $   14,200       $   15,497   
  

 

 

     

 

 

  

 

 

(1) 

Effective January 1, 2012, the company re-aligned a business unit’s management and organizational structure, as discussed in Note 2, and made a reclassification of sales of $17 million and $55 million from the C3ISR segment to the Electronic Systems segment for the third quarter and year-to-date periods ended September 30, 2011, respectively. Operating income of $2 million was reclassified from the C3ISR segment to the Electronic Systems segment for the third quarter period ended September 30, 2011. At December 31, 2011, $124 million of assets were reclassified from the C3ISR segment to the Electronic Systems segment.