Income From Continuing Operations Per Share

3 Months Ended

Sep. 27, 2019

Income From Continuing Operations Per Share

Note O — Income From Continuing Operations Per Share

The computations of income from continuing operations per common share are as follows (in this Note O, “Income from continuing operations” refers to income from continuing operations attributable to L3Harris common shareholders):



	Quarter Ended
	September 27, 2019		September 28, 2018

	(In millions, except per share amounts)
Income from continuing operations	$	429	$	216
Adjustments for participating securities outstanding	—		(1		)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	429	$	215

Basic weighted average common shares outstanding (B)	222.6		117.9
Impact of dilutive share-based awards	2.8		2.7
Diluted weighted average common shares outstanding (C)	225.4		120.6
Income from continuing operations per basic common share (A)/(B)	$	1.93	$	1.82
Income from continuing operations per diluted common share (A)/(C)	$	1.90	$	1.78

Potential dilutive common shares primarily consist of employee stock options and restricted and performance unit awards. Income from continuing operations per diluted common share excludes the anti-dilutive impact of 470,983 and 160,167 weighted average share-based awards outstanding for the quarters ended September 27, 2019 and September 28, 2018, respectively.