INCOME FROM CONTINUING OPERATIONS PER SHARE

12 Months Ended

Jan. 01, 2021

INCOME FROM CONTINUING OPERATIONS PER SHARE

NOTE 17: INCOME FROM CONTINUING OPERATIONS PER SHARE

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


	Fiscal Year Ended		Two Quarters Ended		Fiscal Years Ended
(In millions, except per share amounts)	January 1, 2021		January 3, 2020		June 28, 2019		June 29, 2018

Income from continuing operations	$	1,121	$	823	$	953	$	702
Adjustments for participating securities outstanding	—		—		(2)		(2)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	1,121	$	823	$	951	$	700
Basic weighted average common shares outstanding (B)	214.0		221.2		118.0		118.6
Impact of dilutive share-based awards	1.9		2.5		2.5		2.5
Diluted weighted average common shares outstanding (C)	215.9		223.7		120.5		121.1
Income from continuing operations per basic common share (A)/(B)	$	5.24	$	3.72	$	8.06	$	5.90
Income from continuing operations per diluted common share (A)/(C)	$	5.19	$	3.68	$	7.89	$	5.78

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 antidilutive impact of 1,300,214, 604,969, 271,892 and 48,590 weighted average share-based awards outstanding in fiscal 2020, the two quarters ended January 3, 2020, and fiscal 2019 and 2018, respectively.