Income From Continuing Operations Per Share

6 Months Ended

Jul. 02, 2021

Earnings Per Share [Abstract]

Income From Continuing Operations Per Share

Note L — 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				Two Quarters Ended
(In millions, except per share amounts)	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Income from continuing operations (A)	$	413	$	283	$	882	$	501
Basic weighted average common shares outstanding (B)	203.6		215.9		205.2		216.7
Impact of dilutive share-based awards	2.0		1.9		1.9		2.0
Diluted weighted average common shares outstanding (C)	205.6		217.8		207.1		218.7
Income from continuing operations per basic common share (A)/(B)	$	2.03	$	1.31	$	4.29	$	2.31
Income from continuing operations per diluted common share (A)/(C)	$	2.01	$	1.30	$	4.26	$	2.29

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 1.7 million and 1.6 million weighted average share-based awards outstanding for the quarter and two quarters ended July 2, 2021, respectively, and 1.5 million and 1.2 million weighted average share-based awards outstanding for the quarter and two quarters ended July 3, 2020, respectively.