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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 787 $ 820 $ 968
Income from discontinued operations, net of tax   (32) (104)
Income from continuing operations 787 788 864
Depreciation of property, plant and equipment 166 170 167
Amortization of intangibles and other assets 48 58 63
Deferred income tax provision 48 112 124
Stock-based employee compensation expense 59 59 57
Contributions to employee savings plans in L-3 Holdings' common stock 114 125 113
Amortization of pension and postretirement benefit plans net loss and prior service cost 83 68 48
Amortization of bond discounts and deferred debt issue costs (included in interest expense) 6 7 13
Goodwill impairment charge       43
Equity in losses of unconsolidated subsidiaries   3 12
Other non-cash items 2 9 11
Changes in operating assets and liabilities, excluding amounts from acquisitions, divestitures, and discontinued operations:      
Billed receivables (42) 147 (13)
Contracts in process 94 (126) (121)
Inventories 2 (35) (14)
Other assets (81) 11 (6)
Accounts payable, trade 45 81 (35)
Accrued employment costs (5) (13) (23)
Accrued expenses (6) (100) 67
Advance payments and billings in excess of costs incurred (50) 36 (39)
Income taxes 39 (48) (18)
Excess income tax benefits related to share-based payment arrangements (4) (3) (2)
Other current liabilities (4) (52) 4
Pension and postretirement benefits 14 (64) (83)
All other operating activities (52) (2) (1)
Net cash from operating activities from continuing operations 1,263 1,231 1,231
Investing activities:      
Contribution received from the spin-off of Engility   335  
Business acquisitions, net of cash acquired (62) (348) (20)
Proceeds from sale of a business 4 5 1
Capital expenditures (209) (210) (187)
Dispositions of property, plant and equipment 12 5 6
Cash from equity investees   20  
Other investing activities (6) (7) 1
Net cash used in investing activities from continuing operations (261) (200) (199)
Financing activities:      
Proceeds from sale of senior notes     1,143
Redemption of senior subordinated notes   (500) (1,150)
Redemption of CODES     (11)
Borrowings under revolving credit facility 1,893 596 625
Repayment of borrowings under revolving credit facility (1,893) (596) (625)
Common stock repurchased (800) (872) (958)
Dividends paid on L-3 Holdings' common stock (199) (195) (188)
Proceeds from exercise of stock options 128 19 22
Proceeds from employee stock purchase plan 36 39 46
Debt issue costs   (6) (11)
Excess income tax benefits related to share-based payment arrangements 4 3 2
Other financing activities (18) (15) (14)
Net cash used in financing activities from continuing operations (849) (1,527) (1,119)
Effect of foreign currency exchange rate changes on cash and cash equivalents (2) 7 (4)
Cash from (used in) discontinued operations:      
Operating activities   75 253
Investing activities     (4)
Financing activities   (1) (1)
Cash from discontinued operations   74 248
Net (decrease) increase in cash and cash equivalents 151 (415) 157
Cash and cash equivalents, beginning of the year 349 764 607
Cash and cash equivalents, end of the year $ 500 $ 349 $ 764