Unaudited Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Company's Unaudited Quarterly Results of Operations

Unaudited summarized financial data by quarter for the years ended December 31, 2013 and 2012 is presented in the table below. The Company’s unaudited quarterly results of operations are affected, significantly in some periods, by our business acquisitions. See Note 5.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(in millions, except per share data)
2013
Sales	$	3,197	$	3,189	$	3,002	$	3,234
Operating income		310		290		306		306
Income from continuing operations		192		176		204		188
Net income attributable to L-3		191		175		200		185
Basic EPS^{(1) (2)}		2.12		1.95		2.23		2.10
Diluted EPS^{(1) (2)}		2.09		1.92		2.19		2.04

2012
Sales	$	3,160	$	3,143	$	3,284	$	3,520
Operating income		322		328		319		339
Income from continuing operations		186		189		188		199
Net income attributable to L-3		200		203		185		196
Basic EPS from continuing operations⁽¹⁾		1.88		1.93		1.94		2.11
Diluted EPS from continuing operations⁽¹⁾		1.86		1.91		1.91		2.08
Basic EPS⁽¹⁾		2.02		2.09		1.93		2.11
Diluted EPS⁽¹⁾		2.00		2.06		1.90		2.08

⁽¹⁾

EPS in each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ EPS may not equal the full year computed EPS.

⁽²⁾

EPS and EPS from continuing operations are the same in 2013.