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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales:      
Products $ 6,589 $ 6,839 $ 7,129
Services 3,877 4,147 4,291
Total net sales 10,466 10,986 11,420
Cost of sales:      
Products (6,007) (6,161) (6,366)
Services (3,569) (3,813) (3,937)
Total cost of sales (9,576) $ (9,974) $ (10,303)
Loss related to business divestitures (31)
Impairment charges (384) $ 0 $ 0
Operating income 475 1,012 1,117
Interest expense (169) (158) (157)
Interest and other income, net 17 18 20
Debt retirement charge (1)    
Income from continuing operations before income taxes 322 872 980
Provision for income taxes (25) (227) (264)
Income from continuing operations 297 645 716
(Loss) income from discontinued operations, net of income taxes (522) 32 44
Net (loss) income (225) 677 760
Net income from continuing operations attributable to noncontrolling interests (15) (13) (9)
Net (loss) income attributable to L-3 $ (240) $ 664 $ 751
Basic earnings (loss) per share attributable to L-3 Holdings' common shareholders:      
Continuing operations $ 3.49 $ 7.40 $ 7.91
Discontinued operations (6.46) 0.38 0.49
Basic (loss) earnings per share (2.97) 7.78 8.40
Diluted earnings (loss) per share attributable to L-3 Holdings' common shareholders:      
Continuing operations 3.44 7.20 7.76
Discontinued operations (6.37) 0.36 0.48
Diluted (loss) earnings per share (2.93) 7.56 8.24
Cash dividends declared per common share $ 2.60 $ 2.40 $ 2.20
L-3 Holdings' weighted average common shares outstanding:      
Basic 80.7 85.4 89.4
Diluted 81.9 87.8 91.1