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Condensed Consolidated Balance Sheets (USD $)
In Millions
6 Months Ended 12 Months Ended
Jul. 01, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 548 [1] $ 607
Billed receivables, net of allowances of $33 in 2011 and $34 in 2010 1,240 [1] 1,299
Contracts in process 2,734 [1] 2,548
Inventories 352 [1] 303
Deferred income taxes 116 [1] 114
Other current assets 194 [1] 207
Total current assets 5,184 [1] 5,078
Property, plant and equipment, net 913 [1] 923
Goodwill 8,795 [1] 8,730
Identifiable intangible assets 445 [1] 470
Deferred debt issue costs 36 [1] 39
Other assets 204 [1] 211
Total assets 15,577 [1] 15,451
Current liabilities:    
Current portion of long-term debt 0 [1] 11
Accounts payable, trade 507 [1] 463
Accrued employment costs 643 [1] 672
Accrued expenses 585 [1] 569
Advance payments and billings in excess of costs incurred 560 [1] 580
Income taxes 3 [1] 49
Other current liabilities 373 [1] 389
Total current liabilities 2,671 [1] 2,733
Pension and postretirement benefits 912 [1] 943
Deferred income taxes 378 [1] 308
Other liabilities 475 [1] 486
Long-term debt 4,126 [1] 4,126
Total liabilities 8,562 [1] 8,596
Commitments and contingencies (see Note 17)   [1]  
L-3 shareholders' equity:    
L-3 Communications Holdings, Inc.'s common stock: $.01 par value; 300,000,000 shares authorized, 105,562,681 shares outstanding at July 1, 2011 and 108,623,509 shares outstanding at December 31, 2010 (L-3 Communications Corporation's common stock: $.01 par value, 100 shares authorized, issued and outstanding) 4,961 [1] 4,801
L-3 Communications Holdings, Inc.'s treasury stock (at cost), 37,445,417 shares at July 1, 2011 and 32,037,454 shares at December 31, 2010 (3,087) [1] (2,658)
Retained earnings 5,225 [1] 4,877
Accumulated other comprehensive loss (175) [1] (256)
Total L-3 shareholders' equity 6,924 [1] 6,764
Noncontrolling interests 91 [1] 91
Total equity 7,015 [1] 6,855
Total liabilities and equity $ 15,577 [1] $ 15,451
[1] Unaudited