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Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 29, 2017
Net Sales and Income Before Income Taxes for OceanServer and ETD
Net sales and income before income taxes for Doss Aviation, Adaptive Methods, Open Water Power, OceanServer and the ETD business, included in L3’s unaudited condensed consolidated statement of operations for the quarterly and year-to-date periods ended September 29, 2017, are presented in the table below.
 
Third Quarter Ended
Year-to-Date Ended
September 29,
2017
September 29,
2017
(in millions)
Net sales
$
17
 
$
53
 
Income before income taxes
$
1
 
$
4
 
Unaudited Pro Forma Statements of Operations Data
The following unaudited pro forma Statements of Operations data present the combined results of the Company and its business acquisitions completed during the year-to-date period ended September 29, 2017 and the year ended December 31, 2016, assuming that the business acquisitions completed during 2017 and 2016 had occurred on January 1, 2016 and January 1, 2015, respectively. The unaudited pro forma Statements of Operations data below include adjustments for additional amortization expense related to acquired intangible assets and depreciation assuming the 2017 and 2016 acquisitions had occurred on January 1, 2016 and January 1, 2015, respectively.
Third Quarter Ended
Year-to-Date Ended
September 29,
2017
September 23,
2016
September 29,
2017
September 23,
2016
(in millions, except per share data)
Pro forma net sales
$
2,659
 
$
2,573
 
$
8,097
 
$
7,740
 
Pro forma income from continuing operations attributable to L3
$
23
 
$
148
 
$
388
 
$
462
 
Pro forma net income attributable to L3
$
22
 
$
148
 
$
387
 
$
525
 
Pro forma diluted earnings per share from continuing operations
$
0.29
 
$
1.88
 
$
4.87
 
$
5.87
 
Pro forma diluted earnings per share
$
0.28
 
$
1.88
 
$
4.86
 
$
6.67
 
NSS [Member]  
Statement of Operations Data Classified as Discontinued Operations
The table below presents the statement of operations data for NSS, which was previously a reportable segment and has been classified as a discontinued operation, and includes allocated interest expense for debt not directly attributable or related to L3’s other operations.
Year-to-Date Ended
September 23, 2016
(in millions)
Net sales
$
86
 
Cost of sales
 
(92
)
Gain related to business divestiture
 
64
 
Operating income from discontinued operations before income taxes
 
58
 
Income tax benefit
 
5
 
Income from discontinued operations, net of income taxes
$
63