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Debt (Tables)
 9 Months Ended
Sep. 29, 2017
Debt [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 long-term debt is presented in the table below.
September 29,
2017
December 31,
2016
(in millions)
Borrowings under Revolving Credit Facility(1)
$
—
 
$
—
 
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
 
3.85% Senior Notes due 2026
 
550
 
 
550
 
Principal amount of long-term debt
 
3,350
 
 
3,350
 
Unamortized discounts
 
(7
)
 
(8
)
Deferred debt issue costs
 
(14
)
 
(17
)
Carrying amount of long-term debt
$
3,329
 
$
3,325
 
 
 
(1)
During the year-to-date period ended September 29, 2017, L3’s aggregate borrowings and repayments under the Credit Facility were $1,265 million. At September 29, 2017, L3 had the full availability of its $1 billion Credit Facility.