XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Oct. 01, 2021
Oct. 02, 2020
Income Statement [Abstract]        
Revenue from product sales and services $ 4,229 $ 4,463 $ 13,464 $ 13,534
Cost of product sales and services (2,921) (3,152) (9,385) (9,625)
Engineering, selling and administrative expenses (793) (817) (2,485) (2,484)
Business divestiture-related gains (losses) 27 (10) 192 (62)
Impairment of goodwill and other assets 0 0 (207) (394)
Non-operating income 111 96 314 296
Interest expense, net (67) (62) (198) (190)
Income from continuing operations before income taxes 586 518 1,695 1,075
Income taxes (107) (87) (336) (171)
Income from continuing operations 479 431 1,359 904
Discontinued operations, net of income taxes 0 (1) (1) (2)
Net income 479 430 1,358 902
Noncontrolling interests, net of income taxes 2 (4) 4 24
Net income attributable to L3Harris Technologies, Inc. 481 426 1,362 926
Amounts attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 481 427 1,363 928
Discontinued operations, net of income taxes 0 (1) (1) (2)
Net income attributable to L3Harris Technologies, Inc. $ 481 $ 426 $ 1,362 $ 926
Basic        
Continuing operations (in dollars per share) $ 2.41 $ 2.00 $ 6.70 $ 4.31
Discontinued operations (in dollars per share) 0 0 0 (0.01)
Basic (in dollars per share) 2.41 2.00 6.70 4.30
Diluted        
Continuing operations (in dollars per share) 2.39 1.99 6.64 4.27
Discontinued operations (in dollars per share) 0 (0.01) 0 (0.01)
Diluted (in dollars per share) $ 2.39 $ 1.98 $ 6.64 $ 4.26
Basic weighted average common shares outstanding (in shares) 199.5 213.4 203.3 215.5
Diluted weighted average common shares outstanding (in shares) 201.6 215.1 205.2 217.3