Unaudited Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Company's Unaudited Quarterly Results of Operations

The Company’s unaudited quarterly results of operations are affected, significantly in some periods, by our business acquisitions. See Note 4.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(in millions, except per share data)
2014
Sales	$	2,957	$	3,019	$	2,940	$	3,208
Operating income		286		239		257		303
Net income		172		141		157		207
Net income attributable to L-3		170		137		154		203
Basic EPS⁽¹⁾		1.97		1.59		1.81		2.41
Diluted EPS⁽¹⁾		1.90		1.53		1.78		2.36

2013
Sales	$	3,197	$	3,189	$	3,002	$	3,234
Operating income		310		290		306		306
Net income		192		176		204		188
Net income attributable to L-3		191		175		200		185
Basic EPS⁽¹⁾		2.12		1.95		2.23		2.10
Diluted EPS⁽¹⁾		2.09		1.92		2.19		2.04

⁽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.