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Debt (Tables)
 9 Months Ended
Oct. 02, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt is summarized below:
(In millions)October 2, 2020January 3, 2020
Variable-rate debt:
Floating rate notes, due April 30, 2020$— $250 
Floating rate notes, due March 10, 2023250 — 
Total variable-rate debt250 250 
Fixed-rate debt:
4.95% notes, due February 15, 2021
650 650 
3.85% notes, due June 15, 2023
800 800 
3.95% notes, due May 28, 2024
350 350 
3.832% notes, due April 27, 2025
600 600 
7.00% debentures, due January 15, 2026
100 100 
3.85% notes, due December 15, 2026
550 550 
6.35% debentures, due February 1, 2028
26 26 
4.40% notes, due June 15, 2028
1,850 1,850 
2.90% notes, due December 15, 2029
400 400 
4.854% notes, due April 27, 2035
400 400 
6.15% notes, due December 15, 2040
300 300 
5.054% notes, due April 27, 2045
500 500 
Other51 49 
Total fixed-rate debt6,577 6,575 
Total debt6,827 6,825 
Plus: unamortized bond premium127 154 
Less: unamortized discounts and issuance costs(27)(28)
Total debt, net6,927 6,951 
Less: current portion of long-term debt, net(666)(257)
Total long-term debt, net$6,261 $6,694 
Schedule of Debt Exchange
(In millions)Aggregate Principal Amount of L3 Notes (prior to debt exchange)Aggregate Principal Amount of New L3Harris Notes IssuedAggregate Principal Amount of Remaining L3 Notes
4.95% notes due February 15, 2021 (“4.95% 2021 Notes”)
$650 $501 $149 
3.85% notes due June 15, 2023 (“3.85% 2023 Notes”)
800 741 59 
3.95% notes due May 28, 2024 (“3.95% 2024 Notes”)
350 326 24 
3.85% notes due December 15, 2026 (“3.85% 2026 Notes”)
550 535 15 
4.40% notes due June 15, 2028 (“4.40% 2028 Notes”)

1,000 918 82 
Total$3,350 $3,021 $329