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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jan. 03, 2020
Jun. 28, 2019
Jun. 29, 2018
Jun. 30, 2017
Revenue from product sales and services        
Revenue $ 9,263 $ 6,801 $ 6,168 $ 5,897
Cost of product sales and services        
Cost of revenue (6,726) (4,467) (4,066) (3,854)
Engineering, selling and administrative expenses (1,927) (1,242) (1,182) (1,150)
Gain on sale of business 229 0 0 0
Non-operating income 192 188 156 166
Interest income 12 2 2 2
Interest expense (135) (169) (170) (172)
Income from continuing operations before income taxes 908 1,113 908 889
Income taxes (73) (160) (206) (261)
Income from continuing operations 835 953 702 628
Discontinued operations, net of income taxes (1) (4) (3) (85)
Net income 834 949 699 543
Noncontrolling interests, net of income taxes (12) 0 0 0
Net income attributable to L3Harris Technologies, Inc. 822 949 699 543
Amount attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 823 953 702 628
Discontinued operations, net of income taxes $ (1) $ (4) $ (3) $ (85)
Basic        
Continuing operations (in dollars per share) $ 3.72 $ 8.06 $ 5.90 $ 5.11
Discontinued operations (in dollars per share) 0 (0.03) (0.02) (0.69)
Total basic net income per common share (in dollars per share) 3.72 8.03 5.88 4.42
Diluted        
Continuing operations (in dollars per share) 3.68 7.89 5.78 5.04
Discontinued operations (in dollars per share) (0.01) (0.03) (0.02) (0.68)
Diluted (in dollars per share) $ 3.67 $ 7.86 $ 5.76 $ 4.36
Product        
Revenue from product sales and services        
Revenue $ 6,908 $ 5,638 $ 5,038 $ 4,667
Cost of product sales and services        
Cost of revenue (4,996) (3,615) (3,239) (3,058)
Services        
Revenue from product sales and services        
Revenue 2,355 1,163 1,130 1,230
Cost of product sales and services        
Cost of revenue $ (1,730) $ (852) $ (827) $ (796)