Equity	6 Months Ended
Jun. 26, 2015
Equity [Abstract]
Equity	12. 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. On December 4, 2014, L-3 Holdings’ Board of Directors approved a new share repurchase program that authorizes L-3 Holdings to repurchase up to an additional $1.5 billion of its common stock through June 30, 2017. Repurchases of L-3 Holdings’ common stock are made from time to time at management’s discretion in accordance with applicable U.S. Federal securities laws. 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 2,869,908 shares of its common stock at an average price of $120.61 per share for an aggregate amount of $346 million from January 1, 2015 through June 26, 2015. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares. At June 26, 2015, the remaining dollar value under share repurchase programs authorized by L-3 Holdings’ Board of Directors was $1,199 million. From June 27, 2015 through July 30, 2015, L-3 Holdings repurchased 726,180 shares of its common stock at an average price of $115.99 per share for an aggregate amount of $84 million. On May 5, 2015, L-3 Holdings’ Board of Directors declared a cash dividend of $0.65 per share, paid on June 15, 2015, to shareholders of record at the close of business on May 18, 2015. During the first half period ended June 26, 2015, the Company paid $111 million of cash dividends, including a $2 million net reduction of accrued dividends for employee held stock awards.

Equity

6 Months Ended

Jun. 26, 2015

12. 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. On December 4, 2014, L-3 Holdings’ Board of Directors approved a new share repurchase program that authorizes L-3 Holdings to repurchase up to an additional $1.5 billion of its common stock through June 30, 2017. Repurchases of L-3 Holdings’ common stock are made from time to time at management’s discretion in accordance with applicable U.S. Federal securities laws. 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 2,869,908 shares of its common stock at an average price of $120.61 per share for an aggregate amount of $346 million from January 1, 2015 through June 26, 2015. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares.

At June 26, 2015, the remaining dollar value under share repurchase programs authorized by L-3 Holdings’ Board of Directors was $1,199 million.

From June 27, 2015 through July 30, 2015, L-3 Holdings repurchased 726,180 shares of its common stock at an average price of $115.99 per share for an aggregate amount of $84 million.

On May 5, 2015, L-3 Holdings’ Board of Directors declared a cash dividend of $0.65 per share, paid on June 15, 2015, to shareholders of record at the close of business on May 18, 2015. During the first half period ended June 26, 2015, the Company paid $111 million of cash dividends, including a $2 million net reduction of accrued dividends for employee held stock awards.