Dispositions and Acquisitions (Tables)

6 Months Ended

Jun. 28, 2013

Statement of Operations Data Classified as Discontinued Operations

Statement of operations data classified as discontinued operations related to Engility is provided in the table below.


	Second Quarter Ended			First Half Ended
	June 29, 2012			June 29, 2012
	(in millions)
Product and service revenues	$	415		$	843

Operating income from discontinued operations before income taxes		36			68
Interest expense allocated to discontinued operations		(7	)		(13	)

Income from discontinued operations before income taxes	$	29		$	55
Income tax expense		12			22

Income from discontinued operations, net of income taxes	$	17		$	33
Less: Net income from discontinued operations attributable to noncontrolling interests		3			4

Net income from discontinued operations attributable to L-3	$	14		$	29

Unaudited Pro Forma Statements of Operations Data

The following unaudited pro forma Statement of Operations data presents the combined results of the Company and its business acquisitions completed during the year ended December 31, 2012, in each case assuming that the business acquisitions completed during the year ended December 31, 2012 had occurred on January 1, 2012.


	Second Quarter Ended		First Half Ended
	June 29, 2012		June 29, 2012
	(in millions, except per share data)
Pro forma net sales	$	3,186	$	6,392
Pro forma income from continuing operations	$	192	$	378
Pro forma net income attributable to L-3	$	206	$	406
Pro forma diluted earnings per share from continuing operations	$	1.95	$	3.79
Pro forma diluted earnings per share	$	2.09	$	4.08