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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 25, 2015
Sep. 26, 2014
Operating activities:    
Net (loss) income $ (63) $ 470
Depreciation of property, plant and equipment 129 127
Amortization of intangibles and other assets 35 38
Deferred income tax (benefit) provision (21) 91
Stock-based employee compensation expense 36 39
Excess income tax benefits related to share-based payment arrangements (24) (16)
Contributions to employee savings plans in L-3 Holdings' common stock 95 105
Impairment charge 491  
Amortization of pension and postretirement benefit plans net loss and prior service cost 50 11
Amortization of bond discounts and deferred debt issue costs (included in interest expense) 6 5
Loss related to business divestitures 29  
Other non-cash items (4) (5)
Changes in operating assets and liabilities, excluding amounts from acquisitions and divestitures:    
Billed receivables 48 118
Contracts in process (165) (144)
Inventories (77) (11)
Other assets (13)  
Accounts payable, trade 121 (119)
Accrued employment costs 47 26
Accrued expenses (40) (57)
Advance payments and billings in excess of costs incurred 2 39
Income taxes   (4)
Other current liabilities (11) (40)
Pension and postretirement benefits (18) (40)
All other operating activities (22) (28)
Net cash from operating activities 631 605
Investing activities:    
Business acquisitions, net of cash acquired (260) (57)
Proceeds from the sale of businesses, net of closing date cash balances 308  
Capital expenditures (140) (115)
Dispositions of property, plant and equipment 2 4
Other investing activities 4 6
Net cash used in investing activities (86) (162)
Financing activities:    
Proceeds from sale of Senior Notes   996
Retirement of CODES   (935)
Borrowings under revolving credit facility 861 1,367
Repayment of borrowings under revolving credit facility (861) (1,367)
Common stock repurchased (605) (413)
Dividends paid on L-3 Holdings' common stock (163) (158)
Proceeds from exercises of stock options 41 87
Proceeds from employee stock purchase plan 26 27
Excess income tax benefits related to share-based payment arrangements 24 16
Debt issue costs   (8)
Employee restricted stock units surrendered in lieu of income tax withholding (33) (27)
Other financing activities (1) (11)
Net cash used in financing activities (711) (426)
Effect of foreign currency exchange rate changes on cash and cash equivalents (14) (9)
Change in cash balance in assets held for sale 61  
Net (decrease) increase in cash and cash equivalents (119) 8
Cash and cash equivalents, beginning of the period 442 500
Cash and cash equivalents, end of the period $ 323 $ 508