Income From Continuing Operations Per Share

3 Months Ended

Apr. 03, 2020

Earnings Per Share [Abstract]

Income From Continuing Operations Per Share

Note O — Income From Continuing Operations Per Share

The computations of income from continuing operations per common share attributable to L3Harris common shareholders are as follows:

	Quarter Ended
	April 3, 2020		March 29, 2019
	(In millions, except per share amounts)
Income from continuing operations	$	218	$	243
Adjustments for participating securities outstanding	—		(1		)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	218	$	242
Basic weighted average common shares outstanding (B)	217.3		117.9
Impact of dilutive share-based awards	2.0		2.4
Diluted weighted average common shares outstanding (C)	219.3		120.3
Income from continuing operations per basic common share (A)/(B)	$	1.00	$	2.06
Income from continuing operations per diluted common share (A)/(C)	$	0.99	$	2.02

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 963,402 and 265,652 weighted average share-based awards outstanding for the quarters ended April 3, 2020 and March 29, 2019, respectively.