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Debt (Tables)
 3 Months Ended
Mar. 28, 2014
Debt Disclosure [Abstract]  
Components of Debt and Reconciliation to Carrying Amount of Long-Term Debt

The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below.

 

     March 28,
2014		     December 31,
2013		  
     (in millions)  

L-3 Communications:

     

Borrowings under Amended and Restated Revolving Credit Facility(1)

    $ —       $ —    

3.95% Senior Notes due 2016

      500        500   

5.20% Senior Notes due 2019

      1,000        1,000   

4.75% Senior Notes due 2020

      800        800   

4.95% Senior Notes due 2021

      650        650   
  

 

 

    

 

 

  

Subtotal

      2,950        2,950   
  

 

 

    

 

 

  

L-3 Holdings:

     

3% Convertible Contingent Debt Securities due 2035 (CODES)(2)

      689        689   
  

 

 

    

 

 

  

Principal amount of long-term debt

      3,639        3,639   

Unamortized discounts

      (8 )      (9 ) 
  

 

 

    

 

 

  

Carrying amount of long-term debt

    $ 3,631      $ 3,630   
  

 

 

    

 

 

  

 

(1) 

During the quarter ended March 28, 2014, L-3 Communications’ aggregate borrowings and repayments under the Amended and Restated Revolving Credit Facility were $524 million. At March 28, 2014, L-3 Communications had the availability of all of its $1 billion Amended and Restated Revolving Credit Facility, which expires on February 3, 2017.

 

(2) 

The CODES have been classified as long-term debt at March 28, 2014, because the Company has the ability to draw on the Amended and Restated Revolving Credit Facility to finance the conversion of the CODES.