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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Oct. 02, 2020
Sep. 27, 2019
Income Statement [Abstract]        
Revenue from product sales and services $ 4,463 $ 4,431 $ 13,534 $ 8,024
Cost of product sales and services (3,152) (3,242) (9,625) (5,604)
Engineering, selling and administrative expenses (817) (999) (2,484) (1,658)
Business divestiture-related (losses) gains (10) 229 (62) 229
Impairment of goodwill and other assets 0 0 (394) 0
Non-operating income 96 79 296 173
Interest income 4 9 12 10
Interest expense (66) (67) (202) (149)
Income from continuing operations before income taxes 518 440 1,075 1,025
Income taxes (87) (5) (171) (78)
Income from continuing operations 431 435 904 947
Discontinued operations, net of income taxes (1) 0 (2) (1)
Net income 430 435 902 946
Noncontrolling interests, net of income taxes (4) (6) 24 (6)
Net income attributable to L3Harris Technologies, Inc. 426 429 926 940
Amounts attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 427 429 928 941
Discontinued operations, net of income taxes $ (1) $ 0 $ (2) $ (1)
Basic        
Continuing operations (in dollars per share) $ 2.00 $ 1.93 $ 4.31 $ 6.25
Discontinued operations (in dollars per share) 0 0 (0.01) 0
Basic (in dollars per share) 2.00 1.93 4.30 6.25
Diluted        
Continuing operations (in dollars per share) 1.99 1.90 4.27 6.13
Discontinued operations (in dollars per share) (0.01) 0 (0.01) 0
Diluted (in dollars per share) $ 1.98 $ 1.90 $ 4.26 $ 6.13
Basic weighted average common shares outstanding (in shares) 213.4 222.6 215.5 150.6
Diluted weighted average common shares outstanding (in shares) 215.1 225.4 217.3 153.5