Divestitures and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Statement Of Operations Data Classified as Discontinued Operations

Engility’s statement of operations data, which has been classified as discontinued operations, is provided in the table below. 

	January 1 to July 17,			Year Ended December 31,
	2012			2011			2010
	(in millions)
Product and service revenues	$	911		$	2,011		$	2,290
Operating income from discontinued operations before income taxes		68			199			265
Interest expense allocated to discontinued operations		(14	)		(31	)		(33)
Income from discontinued operations before income taxes	$	54		$	168		$	232
Income tax expense		22			64			90
Income from discontinued operations, net of income tax	$	32		$	104		$	142
Less: Net income attributable to noncontrolling interests		4			3			2
Net income from discontinued operations attributable to L-3	$	28		$	101		$	140

Major Classes of Assets and Liabilities Included in Discontinued Operations

The major classes of assets and liabilities included in discontinued operations related to Engility are presented in the table below.

	December 31, 2011
	(in millions)
Assets
Current assets	$	386
Property, plant and equipment, net		13
Goodwill		1,225
Other assets		105
Total assets of discontinued operations	$	1,729
Liabilities
Accounts payable, trade	$	37
Other current liabilities		187
Current liabilities		224
Long-term liabilities		127
Total liabilities of discontinued operations	$	351

Unaudited Pro Forma Statements of Operations Data

The following unaudited pro forma Statements of Operations data presents the combined results of the Company and its business acquisitions completed during the years ended December 31, 2012, 2011 and 2010, assuming that the business acquisitions completed during 2012, 2011 and 2010 had occurred on January 1, 2010.

	Year Ended December 31,
	2012		2011		2010
	(in millions, except per share data)
Pro forma net sales	$	13,248	$	13,479	$	13,900
Pro forma income from continuing operations	$	789	$	879	$	867
Pro forma net income attributable to L-3	$	811	$	971	$	998
Pro forma diluted earnings per share from continuing operations	$	8.02	$	8.23	$	7.42
Pro forma diluted earnings per share	$	8.31	$	9.18	$	8.63