INCOME FROM CONTINUING OPERATIONS PER SHARE

12 Months Ended

Dec. 31, 2021

INCOME FROM CONTINUING OPERATIONS PER SHARE

NOTE 16: 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 Years Ended				Two Quarters Ended		Fiscal Year Ended
(In millions, except per share amounts)	December 31, 2021		January 1, 2021		January 3, 2020		June 28, 2019

Income from continuing operations	$	1,847	$	1,121	$	823	$	953
Adjustments for participating securities outstanding	—		—		—		(2)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	1,847	$	1,121	$	823	$	951
Basic weighted average common shares outstanding (B)	201.3		214.0		221.2		118.0
Impact of dilutive share-based awards	1.9		1.9		2.5		2.5
Diluted weighted average common shares outstanding (C)	203.2		215.9		223.7		120.5
Income from continuing operations per basic common share (A)/(B)	$	9.17	$	5.24	$	3.72	$	8.06
Income from continuing operations per diluted common share (A)/(C)	$	9.09	$	5.19	$	3.68	$	7.89

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 0.8 million, 1.3 million, 0.6 million and 0.3 million weighted average share-based awards outstanding in fiscal 2021, fiscal 2020, the two quarters ended January 3, 2020 and fiscal 2019, respectively.