INCOME FROM CONTINUING OPERATIONS PER SHARE (Tables)

12 Months Ended

Jan. 01, 2021

Earnings Per Share [Abstract]

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