Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 442	$ 500
Billed receivables, net of allowances of $14 in 2014 and $26 in 2013	852	991
Contracts in process	2,295	2,442
Inventories	288	366
Deferred income taxes	127	147
Other current assets	186	167
Assets held for sale	547
Total current assets	4,737	4,613
Property, plant and equipment, net	1,088	1,042
Goodwill	7,501	7,796
Identifiable intangible assets	243	285
Deferred debt issue costs	27	24
Other assets	240	247
Total assets	13,836	14,007
Current liabilities:
Accounts payable, trade	382	535
Accrued employment costs	510	545
Accrued expenses	402	464
Advance payments and billings in excess of costs incurred	573	576
Income taxes	23	31
Other current liabilities	398	402
Liabilities held for sale	237
Total current liabilities	2,525	2,553
Pension and postretirement benefits	1,187	727
Deferred income taxes	443	635
Other liabilities	382	406
Long-term debt	3,939	3,630
Total liabilities	8,476	7,951
Commitments and contingencies (see Note 19)
L-3 shareholders' equity:
L-3 Communications Holdings, Inc.'s common stock: $.01 par value; 300,000,000 shares authorized, 82,040,525 shares outstanding at December 31, 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)	5,799	5,653
L-3 Communications Holdings, Inc.'s treasury stock (at cost), 73,005,891 shares at December 31, 2014 and 66,118,406 shares at December 31, 2013	(6,111)	(5,288)
Retained earnings	6,181	5,726
Accumulated other comprehensive loss	(584)	(110)
Total L-3 shareholders' equity	5,285	5,981
Noncontrolling interests	75	75
Total equity	5,360	6,056
Total liabilities and equity	$ 13,836	$ 14,007