Debt (Tables)

3 Months Ended

Mar. 25, 2016

Debt Disclosure [Abstract]

Components of Debt and Reconciliation to Carrying Amount of Current and Long-Term Debt

The components of debt and a reconciliation to the carrying amount of current and long-term debt are presented in the table below.

	March 25, 2016			December 31, 2015
	(in millions)
L-3 Communications:
Borrowings under Amended and Restated Revolving Credit Facility(1)	$	—		$	—
3.95% Senior Notes due 2016		500			500
1.50% Senior Notes due 2017		350			350
5.20% Senior Notes due 2019		1,000			1,000
4.75% Senior Notes due 2020		800			800
4.95% Senior Notes due 2021		650			650
3.95% Senior Notes due 2024		350			350
Principal amount of long-term debt		3,650			3,650
Unamortized discounts		(7	)		(8	)
Deferred debt issue costs		(17	)		(18	)
Carrying amount of long-term debt		3,626			3,624
Current portion of long-term debt		(499	)		(499	)
Carrying amount of long-term debt, excluding current portion	$	3,127		$	3,125

⁽¹⁾  During the quarterly period ended March 25, 2016, L-3 Communications’ aggregate borrowings and repayments under the Credit Facility were each $217 million. At March 25, 2016, L-3 Communications had the full availability of its $1 billion Credit Facility, which expires on February 3, 2017.