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Acquisitions and Divestures (Tables)
12 Months Ended
Dec. 31, 2013
Text Block [Abstract]  
Schedule of Goodwill

The goodwill was assigned to the reportable segments listed below:

 

Segment

   December 31,
2013
 
     (in millions)  

Electronic Systems

    $ 10     

Communication Systems

     9     
  

 

 

 

Total

    $ 19     
  

 

 

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,
2012
     Year Ended
December 31,
2011
 
     (in millions)  

Product and service revenues

    $ 911            $ 2,011       
  

 

 

    

 

 

 

Operating income from discontinued operations before income taxes

     68             199       

Interest expense allocated to discontinued operations

     (14)            (31)      
  

 

 

    

 

 

 

Income from discontinued operations before income taxes

    $ 54            $ 168       

Income tax expense

     (22)            (64)      
  

 

 

    

 

 

 

Income from discontinued operations, net of income taxes

    $ 32            $ 104       

Net income from discontinued operations attributable to noncontrolling interests

     (4)            (3)      
  

 

 

    

 

 

 

Net income from discontinued operations attributable to L-3

    $ 28            $ 101       
  

 

 

    

 

 

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, 2013, 2012 and 2011, assuming that the business acquisitions completed during 2013, 2012 and 2011 had occurred on January 1, 2011.

 

    Year Ended December 31,  
                2013                          2012                      2011          
    (in millions, except per share data)  

Pro forma net sales

  $ 12,657       $ 13,239       $ 13,498   

Pro forma income from continuing operations

  $ 760       $ 764       $ 883   

Pro forma net income attributable to L-3

  $ 751       $ 786       $ 975   

Pro forma diluted earnings per share from continuing operations

  $ 8.24       $ 7.76       $ 8.26   

Pro forma diluted earnings per share

  $ 8.24       $ 8.05       $ 9.21