Income From Continuing Operations Per Share

9 Months Ended

Oct. 02, 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				Three Quarters Ended
(In millions, except per share amounts)	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Income from continuing operations (A)	$	427	$	429	$	928	$	941
Basic weighted average common shares outstanding (B)	213.4		222.6		215.5		150.6
Impact of dilutive share-based awards	1.7		2.8		1.8		2.9
Diluted weighted average common shares outstanding (C)	215.1		225.4		217.3		153.5
Income from continuing operations per basic common share (A)/(B)	$	2.00	$	1.93	$	4.31	$	6.25
Income from continuing operations per diluted common share (A)/(C)	$	1.99	$	1.90	$	4.27	$	6.13

Potential dilutive common shares primarily consist of employee stock options, restricted stock units and performance stock units. Income from continuing operations per diluted common share excludes the anti-dilutive impact of 1.5 million and 1.3 million weighted average share-based awards outstanding for the quarter and three quarters ended October 2, 2020, respectively, and 0.5 million and 0.3 million weighted average share-based awards outstanding for the quarter and three quarters ended September 27, 2019, respectively.