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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 26, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 508 $ 500
Billed receivables, net of allowances of $24 in 2014 and $26 in 2013 871 991
Contracts in process 2,546 2,431
Inventories 371 359
Deferred income taxes 145 147
Other current assets 215 166
Total current assets 4,656 4,594
Property, plant and equipment, net 1,072 1,042
Goodwill 7,784 7,796
Identifiable intangible assets 263 285
Deferred debt issue costs 28 24
Other assets 238 247
Total assets 14,041 13,988
Current liabilities:    
Accounts payable, trade 415 541
Accrued employment costs 577 545
Accrued expenses 400 458
Advance payments and billings in excess of costs incurred 609 576
Income taxes 25 31
Other current liabilities 366 383
Total current liabilities 2,392 2,534
Pension and postretirement benefits 684 727
Deferred income taxes 649 635
Other liabilities 399 406
Long-term debt 3,938 3,630
Total liabilities 8,062 7,932
Commitments and contingencies (see Note 18)      
L-3 shareholders' equity:    
L-3 Communications Holdings, Inc.'s common stock: $.01 par value; 300,000,000 shares authorized, 85,053,114 shares outstanding at September 26, 2014 and 85,828,485 shares outstanding at December 31, 2013 (L-3 Communications Corporation's common stock: $.01 par value, 100 shares authorized, issued and outstanding) 5,736 5,653
L-3 Communications Holdings, Inc.'s treasury stock (at cost), 69,683,610 shares at September 26, 2014 and 66,118,406 shares at December 31, 2013 (5,701) (5,288)
Retained earnings 6,028 5,726
Accumulated other comprehensive loss (160) (110)
Total L-3 shareholders' equity 5,903 5,981
Noncontrolling interests 76 75
Total equity 5,979 6,056
Total liabilities and equity $ 14,041 $ 13,988