EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2023

NOTE J: EARNINGS PER SHARE

Net 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. Net 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		Two Quarters Ended
(In millions)	June 30, 2023	July 1, 2022	June 30, 2023	July 1, 2022

Basic weighted-average common shares outstanding	189.2	192.1	189.7	192.6
Impact of dilutive share-based awards	0.9	1.9	1.0	1.9
Diluted weighted-average common shares outstanding	190.1	194.0	190.7	194.5

Diluted EPS excludes the antidilutive impact of 0.8 million and 2.0 million weighted-average share-based awards outstanding for the quarter and two quarters ended June 30, 2023, respectively, and 0.4 million and 0.3 million weighted-average share-based awards outstanding for the quarter and two quarters ended July 1, 2022, respectively.