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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jan. 03, 2020
Jan. 01, 2021
Jun. 28, 2019
Jun. 29, 2018
Revenue from product sales and services        
Revenue $ 9,263 $ 18,194 $ 6,801 $ 6,168
Cost of product sales and services        
Cost of revenue (6,726) (12,886) (4,467) (4,066)
Engineering, selling and administrative expenses (1,881) (3,315) (1,242) (1,182)
Business divestiture-related (losses) gains 229 (51) 0 0
Impairment of goodwill and other assets (46) (767) 0 0
Non-operating income 192 401 188 156
Interest income 12 16 2 2
Interest expense (135) (270) (169) (170)
Income from continuing operations before income taxes 908 1,322 1,113 908
Income taxes (73) (234) (160) (206)
Income from continuing operations 835 1,088 953 702
Discontinued operations, net of income taxes (1) (2) (4) (3)
Net income 834 1,086 949 699
Noncontrolling interests, net of income taxes (12) 33 0 0
Net income attributable to L3Harris Technologies, Inc. 822 1,119 949 699
Amount attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 823 1,121 953 702
Discontinued operations, net of income taxes $ (1) $ (2) $ (4) $ (3)
Basic        
Continuing operations (in dollars per share) $ 3.72 $ 5.24 $ 8.06 $ 5.90
Discontinued operations (in dollars per share) 0 (0.01) (0.03) (0.02)
Total basic net income per common share (in dollars per share) 3.72 5.23 8.03 5.88
Diluted        
Continuing operations (in dollars per share) 3.68 5.19 7.89 5.78
Discontinued operations (in dollars per share) (0.01) 0 (0.03) (0.02)
Diluted (in dollars per share) $ 3.67 $ 5.19 $ 7.86 $ 5.76
Product        
Revenue from product sales and services        
Revenue $ 6,908 $ 13,581 $ 5,638 $ 5,038
Cost of product sales and services        
Cost of revenue (4,996) (9,464) (3,615) (3,239)
Services        
Revenue from product sales and services        
Revenue 2,355 4,613 1,163 1,130
Cost of product sales and services        
Cost of revenue $ (1,730) $ (3,422) $ (852) $ (827)