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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 25, 2016
Mar. 27, 2015
Net sales:    
Products $ 1,423 $ 1,538
Services 930 950
Total net sales 2,353 2,488
Cost of sales:    
Products (1,266) (1,382)
Services (835) (897)
Total cost of sales $ (2,101) (2,279)
Loss related to business divestiture (22)
Operating income $ 252 187
Interest expense (41) (39)
Interest and other income, net 4 3
Income from continuing operations before income taxes 215 151
Provision for income taxes (48) (46)
Income from continuing operations 167 105
Income from discontinued operations, net of income taxes 63 4
Net income 230 109
Net income from continuing operations attributable to noncontrolling interests (3) (4)
Net income (loss) attributable to L-3 $ 227 $ 105
Basic earnings per share attributable to L-3 Holdings' common shareholders:    
Continuing operations $ 2.11 $ 1.23
Discontinued operations 0.81 0.05
Basic earnings per share 2.92 1.28
Diluted earnings per share attributable to L-3 Holdings' common shareholders:    
Continuing operations 2.08 1.20
Discontinued operations 0.79 0.05
Diluted earnings per share 2.87 1.25
Cash dividends declared per common share $ 0.70 $ 0.65
L-3 Holdings' weighted average common shares outstanding:    
Basic 77.8 82.3
Diluted 79.0 83.8