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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 28, 2013
Jun. 29, 2012
Operating activities:    
Net income $ 380 $ 411
Less: Income from discontinued operations, net of tax    33
Income from continuing operations 380 378
Depreciation of property, plant and equipment 81 85
Amortization of intangibles and other assets 25 26
Deferred income tax provision 13 35
Stock-based employee compensation expense 28 29
Contributions to employee savings plans in L-3 Holdings' common stock 61 68
Amortization of pension and postretirement benefit plans net loss and prior service cost 43 34
Amortization of bond discounts and deferred debt issue costs (included in interest expense) 3 4
Changes in operating assets and liabilities, excluding amounts from acquisitions, divestitures and discontinued operations:    
Billed receivables (76) 3
Contracts in process (10) (273)
Inventories (17) (68)
Other assets (44) 8
Accounts payable, trade 50 177
Accrued employment costs 20 1
Accrued expenses (64) (158)
Advance payments and billings in excess of costs incurred (89) 20
Income taxes 27 29
Excess income tax benefits related to share-based payment arrangements (2) (1)
Other current liabilities (3) (20)
Pension and postretirement benefits 3 (34)
All other operating activities (33) (6)
Net cash from operating activities from continuing operations 396 337
Investing activities:    
Business acquisitions, net of cash acquired (1) (216)
Proceeds from the sale of a business 4  
Capital expenditures (110) (76)
Dispositions of property, plant and equipment 9 1
Other investing activities (6) (4)
Net cash used in investing activities from continuing operations (104) (295)
Financing activities:    
Borrowings under revolving credit facility 994 199
Repayment of borrowings under revolving credit facility (994) (199)
Common stock repurchased (248) (315)
Dividends paid on L-3 Holdings' common stock (101) (98)
Proceeds from exercises of stock options 33 8
Proceeds from employee stock purchase plan 18 21
Debt issue costs    (6)
Excess income tax benefits related to share-based payment arrangements 2 1
Other financing activities (8) (3)
Net cash used in financing activities from continuing operations (304) (392)
Effect of foreign currency exchange rate changes on cash and cash equivalents (9) (3)
Cash from (used in) discontinued operations:    
Operating activities    71
Financing activities    (1)
Cash from discontinued operations    70
Net (decrease) increase in cash and cash equivalents (21) (283)
Cash and cash equivalents, beginning of the period 349 764
Cash and cash equivalents, end of the period $ 328 $ 481