XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]        
Revenue from product sales and services $ 4,135 $ 4,668 $ 8,238 $ 9,235
Cost of product sales and services (2,907) (3,251) (5,767) (6,464)
Engineering, selling and administrative expenses (744) (891) (1,489) (1,692)
Business divestiture-related gains, net 0 180 0 165
Impairment of goodwill and other assets 0 (145) 0 (207)
Non-operating income 108 86 214 203
Interest expense, net (67) (65) (135) (131)
Income from continuing operations before income taxes 525 582 1,061 1,109
Income taxes (55) (169) (116) (229)
Income from continuing operations 470 413 945 880
Discontinued operations, net of income taxes 0 0 0 (1)
Net income 470 413 945 879
Noncontrolling interests, net of income taxes 1 0 1 2
Net income attributable to L3Harris Technologies, Inc. 471 413 946 881
Amount attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 471 413 946 882
Discontinued operations, net of income taxes 0 0 0 (1)
Net income attributable to L3Harris Technologies, Inc. $ 471 $ 413 $ 946 $ 881
Net income per common share attributable to L3Harris Technologies, Inc. common shareholders        
Basic (in dollars per share) $ 2.45 $ 2.03 $ 4.91 $ 4.29
Diluted        
Continuing operations (in dollars per share) 2.42 2.01 4.86 4.26
Discontinued operations (in dollars per share) 0 0 0 (0.01)
Diluted (in dollars per share) $ 2.42 $ 2.01 $ 4.86 $ 4.25
Basic weighted average common shares outstanding (in shares) 192,100,000 203,600,000 192,600,000 205,200,000
Diluted weighted average common shares outstanding (in shares) 194,000,000.0 205,600,000 194,500,000 207,100,000