Equity	9 Months Ended
Sep. 25, 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 5,171,908 shares of its common stock at an average price of $117.01 per share for an aggregate amount of $605 million from January 1, 2015 through September 25, 2015. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares. At September 25, 2015, the remaining dollar value under share repurchase programs authorized by L-3 Holdings’ Board of Directors was $940 million. From September 26, 2015 through October 23, 2015, L-3 Holdings repurchased 702,650 shares of its common stock at an average price of $106.70 per share for an aggregate amount of $75 million. On June 10, 2015, L-3 Holdings’ Board of Directors declared a cash dividend of $0.65 per share, paid on September 15, 2015 to shareholders of record at the close of business on August 17, 2015. During the year-to-date period ended September 25, 2015, the Company paid $163 million of cash dividends, including a $1 million net reduction of accrued dividends for employee held stock awards.

Equity

9 Months Ended

Sep. 25, 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 5,171,908 shares of its common stock at an average price of $117.01 per share for an aggregate amount of $605 million from January 1, 2015 through September 25, 2015. All share repurchases of L-3 Holdings’ common stock have been recorded as treasury shares.

At September 25, 2015, the remaining dollar value under share repurchase programs authorized by L-3 Holdings’ Board of Directors was $940 million.

From September 26, 2015 through October 23, 2015, L-3 Holdings repurchased 702,650 shares of its common stock at an average price of $106.70 per share for an aggregate amount of $75 million.

On June 10, 2015, L-3 Holdings’ Board of Directors declared a cash dividend of $0.65 per share, paid on September 15, 2015 to shareholders of record at the close of business on August 17, 2015. During the year-to-date period ended September 25, 2015, the Company paid $163 million of cash dividends, including a $1 million net reduction of accrued dividends for employee held stock awards.