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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net sales:      
Products $ 7,535 $ 7,552 $ 7,580
Services 5,611 5,606 5,810
Total net sales 13,146 13,158 13,390
Cost of sales:      
Products 6,724 6,673 6,665
Services 5,071 5,043 5,240
Total cost of sales 11,795 11,716 11,905
Impairment charge   43  
Operating income 1,351 1,399 1,485
Interest and other income, net 8    21
Interest expense (184) (204) (236)
Debt retirement charge (13) (35) (18)
Income (Loss) from continuing operations before income taxes 1,162 1,160 1,252
Provision for income taxes 374 296 428
Income from continuing operations 788 864 824
Income from discontinued operations, net of income tax 32 104 142
Net income 820 968 966
Less: Net income attributable to noncontrolling interests 10 12 11
Net income attributable to L-3 810 956 955
Less: Net income allocable to participating securities   2 5
Net income allocable to L-3 Holdings common shareholders $ 810 $ 954 $ 950
Basic earnings per share allocable to L-3 Holdings' common shareholders:      
Continuing operations $ 8.12 $ 8.17 $ 7.09
Discontinued operations $ 0.29 $ 0.97 $ 1.22
Basic earnings per share $ 8.41 $ 9.14 $ 8.31
Diluted earnings per share allocable to L-3 Holdings' common shareholders:      
Continuing operations $ 8.01 $ 8.08 $ 7.04
Discontinued operations $ 0.29 $ 0.95 $ 1.21
Diluted earnings per share $ 8.30 $ 9.03 $ 8.25
Cash dividends paid per common share $ 2.00 $ 1.80 $ 1.60
L-3 Holdings' weighted average common shares outstanding:      
Basic 96.3 104.4 114.3
Diluted 97.6 105.6 115.1