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Debt (Tables)
 9 Months Ended
Sep. 23, 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.

 

     September 23,
2016		     December 31,
2015		  
     (in millions)  

L-3 Communications:

     

Borrowings under Amended and Restated Revolving Credit Facility(1)

    $ —        $ —     

3.95% Senior Notes due 2016

      200        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

      3,350        3,650   

Unamortized discounts

      (6 )      (8 ) 

Deferred debt issue costs

      (13 )      (18 ) 
  

 

 

    

 

 

  

Carrying amount of long-term debt

      3,331        3,624   

Current portion of long-term debt

      (549 )      (499 ) 
  

 

 

    

 

 

  

Carrying amount of long-term debt, excluding current portion

    $ 2,782      $ 3,125   
  

 

 

    

 

 

  

 

(1)

During the year-to-date period ended September 23, 2016, L-3 Communications’ aggregate borrowings and repayments under the Credit Facility were each $335 million. At September 23, 2016, L-3 Communications had the full availability of its $1 billion Credit Facility, which expires on February 3, 2017.