A reconciliation of basic and diluted earnings per share (EPS) is presented in the table below.


	Second Quarter Ended						First Half Ended
	June 24, 2016			June 26, 2015			June 24, 2016			June 26, 2015
	(in millions, except per share data)
Reconciliation of net income:
Net income	$	151		$	124		$	381		$	233
Net income from continuing operations attributable to noncontrolling interests		(4	)		(4	)		(7	)		(8	)

Net income attributable to L-3 Holdings’ common shareholders	$	147		$	120		$	374		$	225

Earnings attributable to L-3 Holdings’ common shareholders:
Continuing operations	$	147		$	116		$	311		$	217
Discontinued operations, net of income tax		—			4			63			8

Net income attributable to L-3 Holdings’ common shareholders	$	147		$	120		$	374		$	225

Earnings per share attributable to L-3 Holdings’ common shareholders:
Basic:
Weighted average common shares outstanding		77.2			82.1			77.5			82.2

Basic earnings per share:
Continuing operations	$	1.90		$	1.41		$	4.02		$	2.64
Discontinued operations, net of income tax		—			0.05			0.81			0.10

Net income	$	1.90		$	1.46		$	4.83		$	2.74

Diluted:
Common and potential common shares:
Weighted average common shares outstanding		77.2			82.1			77.5			82.2
Assumed exercise of stock options		2.7			2.2			2.3			2.5
Unvested restricted stock awards		1.0			1.2			1.1			1.3
Employee stock purchase plan contributions		—			0.2			0.1			0.2
Performance unit awards		0.1			0.1			0.1			0.1
Assumed purchase of common shares for treasury		(2.6	)		(2.6	)		(2.4	)		(2.8	)

Common and potential common shares		78.4			83.2			78.7			83.5

Diluted earnings per share:
Continuing operations	$	1.88		$	1.39		$	3.95		$	2.60
Discontinued operations, net of income tax		—			0.05			0.80			0.09

Net income	$	1.88		$	1.44		$	4.75		$	2.69