Equity	9 Months Ended
Sep. 26, 2014
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Equity	13. Equity On February 5, 2013, L-3 Holdings’ Board of Directors approved a share repurchase program that authorizes L-3 Holdings to repurchase up to $1.5 billion of its common stock through June 30, 2015. Repurchases of L-3 Holdings’ common stock under the share repurchase program are made at management’s discretion in accordance with applicable U.S. Federal securities laws in the open market or otherwise. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including, but not limited to, the Company’s financial position, earnings, legal requirements, other investment opportunities (including acquisitions) and market conditions. L-3 Holdings repurchased 3.6 million shares of its common stock at an average price of $115.91 per share for an aggregate amount of $413 million from January 1, 2014 through September 26, 2014. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares. At September 26, 2014, the remaining dollar value of authorization under the share repurchase program was $455 million. On June 24, 2014, L-3 Holdings’ Board of Directors declared a cash dividend of $0.60 per share, which resulted in the Company paying total cash dividends of $51 million on September 15, 2014. Also, on October 20, 2014, L-3 Holdings’ Board of Directors declared a quarterly cash dividend of $0.60 per share, payable on December 15, 2014, to shareholders of record at the close of business on November 17, 2014.

13. Equity

On February 5, 2013, L-3 Holdings’ Board of Directors approved a share repurchase program that authorizes L-3 Holdings to repurchase up to $1.5 billion of its common stock through June 30, 2015. Repurchases of L-3 Holdings’ common stock under the share repurchase program are made at management’s discretion in accordance with applicable U.S. Federal securities laws in the open market or otherwise. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including, but not limited to, the Company’s financial position, earnings, legal requirements, other investment opportunities (including acquisitions) and market conditions. L-3 Holdings repurchased 3.6 million shares of its common stock at an average price of $115.91 per share for an aggregate amount of $413 million from January 1, 2014 through September 26, 2014. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares.

At September 26, 2014, the remaining dollar value of authorization under the share repurchase program was $455 million.

On June 24, 2014, L-3 Holdings’ Board of Directors declared a cash dividend of $0.60 per share, which resulted in the Company paying total cash dividends of $51 million on September 15, 2014. Also, on October 20, 2014, L-3 Holdings’ Board of Directors declared a quarterly cash dividend of $0.60 per share, payable on December 15, 2014, to shareholders of record at the close of business on November 17, 2014.