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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 23, 2016
Sep. 25, 2015
Sep. 23, 2016
Sep. 25, 2015
Net sales:        
Products $ 1,500 $ 1,600 $ 4,561 $ 4,728
Services 1,005 964 2,961 2,867
Total net sales 2,505 2,564 7,522 7,595
Cost of sales:        
Products (1,355) (1,409) (4,095) (4,312)
Services (935) (880) (2,713) (2,648)
Total cost of sales (2,290) (2,289) (6,808) (6,960)
Loss related to business divestitures (9) (29)
Goodwill impairment charges (35) (35)
Operating income 215 231 714 571
Interest expense (41) (43) (125) (124)
Interest and other income, net 6 3 15 11
Debt retirement charge     (5)  
Income from continuing operations before income taxes 180 191 599 458
Provision for income taxes (29) (63) (130) (105)
Income from continuing operations 151 128 469 353
Income (loss) from discontinued operations, net of income taxes   (424) 63 (416)
Net income (loss) 151 (296) 532 (63)
Net income from continuing operations attributable to noncontrolling interests (3) (3) (10) (11)
Net income (loss) attributable to L-3 $ 148 $ (299) $ 522 $ (74)
Basic earnings (loss) per share attributable to L-3 Holdings' common shareholders:        
Continuing operations $ 1.91 $ 1.56 $ 5.93 $ 4.19
Discontinued operations (5.30) 0.81 (5.10)
Basic earnings (loss) per share 1.91 (3.74) 6.74 (0.91)
Diluted earnings (loss) per share attributable to L-3 Holdings' common shareholders:        
Continuing operations 1.88 1.54 5.83 4.14
Discontinued operations (5.22) 0.80 (5.03)
Diluted earnings (loss) per share 1.88 (3.68) 6.63 (0.89)
Cash dividends declared per common share $ 0.70 $ 0.65 $ 2.10 $ 1.95
L-3 Holdings' weighted average common shares outstanding:        
Basic 77.3 80.0 77.4 81.5
Diluted 78.8 81.2 78.7 82.7