| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Net sales: | ||||||
Revenue, Net | ||||||
10,244 | 9,573 | 9,210 | 9,231 | 10,986 | ||
Operating costs and expenses: | ||||||
General and administrative expenses | ||||||
1,601 | 1,520 | 1,287 | - | - | ||
Operating Costs and Expenses | ||||||
9,138 | 8,542 | 8,252 | 8,342 | 9,974 | ||
Merger, acquisition and divestiture related expenses and losses | ||||||
28 | 0 | 0 | - | - | ||
Goodwill impairment charge | ||||||
- | - | - | 46 | 0 | ||
Gain (Loss) on Disposition of Business | ||||||
42 | 0 | 0 | -31 | 0 | ||
Operating Income (Loss) | ||||||
1,120 | 1,031 | 958 | 812 | 1,012 | ||
Interest expense | ||||||
-164 | -169 | -164 | -162 | -158 | ||
Interest and other income, net | ||||||
37 | 9 | 17 | -10 | 18 | ||
Gain (Loss) on Extinguishment of Debt | ||||||
-69 | 0 | -7 | -1 | 0 | ||
Income from continuing operations before income taxes | ||||||
924 | 871 | 804 | 639 | 872 | ||
Income Tax Expense (Benefit) | ||||||
103 | 102 | 171 | 132 | 227 | ||
Income from continuing operations | ||||||
821 | 769 | 633 | 507 | 645 | ||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||
205 | -76 | 91 | -732 | 32 | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
1,026 | 693 | 724 | -225 | 677 | ||
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest | ||||||
21 | 16 | 14 | 15 | 13 | ||
Net income attributable to L3 | ||||||
1,005 | 677 | 710 | -240 | 664 | ||
Earnings Per Share [Abstract] | ||||||
Earnings Per Share, Basic [Abstract] | ||||||
Continuing operations (in dollars per share) | ||||||
10.19 | 9.65 | 7.99 | 6.10 | 7.40 | ||
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | ||||||
2.61 | -0.97 | 1.18 | -9.07 | 0.38 | ||
Basic earnings per share (in dollars per share) | ||||||
12.80 | 8.68 | 9.17 | -2.97 | 7.78 | ||
Earnings Per Share, Diluted [Abstract] | ||||||
Continuing operations (in dollars per share) | ||||||
10.05 | 9.46 | 7.86 | 6.01 | 7.20 | ||
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | ||||||
2.58 | -0.95 | 1.15 | -8.94 | 0.36 | ||
Earnings Per Share, Diluted | ||||||
12.63 | 8.51 | 9.01 | -2.93 | 7.56 | ||
Cash dividends declared per common share (in dollars per share) | ||||||
3.20 | 3.00 | 2.80 | 2.60 | 2.40 | ||
Weighted average common shares outstanding: | ||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||
78 | 78 | 77 | 80 | 85 | ||
Weighted Average Number of Shares Outstanding, Diluted | ||||||
79 | 79 | 78 | 81 | 87 | ||
Product [Member] | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
7,165 | 6,733 | 6,453 | 6,600 | 6,839 | ||
Cost of Goods and services sold | ||||||
5,345 | 4,967 | 4,879 | 6,016 | 6,161 | ||
Service [Member] | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
3,079 | 2,840 | 2,757 | 2,631 | 4,147 | ||
Cost of Goods and services sold | ||||||
2,192 | 2,055 | 2,086 | 2,326 | 3,813 | ||