EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

NOTE J: EARNINGS PER SHARE

Income per common share attributable to L3Harris common shareholders (“EPS”) is computed by dividing earnings to L3Harris common shareholders less earnings allocated to participating securities, if applicable, by the weighted-average number of common shares outstanding for the period. Income per diluted common share attributable to L3Harris common shareholders ("diluted EPS") incorporates potential dilutive common shares, primarily consisting of employee stock options and restricted and performance share unit awards, into the weighted-average number of common shares outstanding.

The weighted average number of common shares outstanding used to compute basic and diluted EPS are as follows:


	Quarter Ended
(In millions)	March 31, 2023	April 1, 2022

Basic weighted average common shares outstanding	190.2	193.2
Impact of dilutive share-based awards	1.0	1.9
Diluted weighted average common shares outstanding	191.2	195.1

Diluted EPS excludes the antidilutive impact of 1.2 million and 0.2 million weighted average share-based awards outstanding for the quarters ended March 31, 2023 and April 1, 2022, respectively.