Income From Continuing Operations Per Share

6 Months Ended

Jul. 03, 2020

Income From Continuing Operations Per Share

Note O — Income From Continuing Operations Per Share

The computations of income from continuing operations per common share attributable to L3Harris common shareholders are as follows:


	Quarter Ended						Two Quarters Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019

	(In millions, except per share amounts)
Income from continuing operations	$	283	$	269	$	501	$	512
Adjustments for participating securities outstanding	—		(1)		—		(2)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	283	$	268	$	501	$	510

Basic weighted average common shares outstanding (B)	215.9		118.3		216.7		118.1
Impact of dilutive share-based awards	1.9		2.8		2.0		2.6
Diluted weighted average common shares outstanding (C)	217.8		121.1		218.7		120.7
Income from continuing operations per basic common share (A)/(B)	$	1.31	$	2.26	$	2.31	$	4.32
Income from continuing operations per diluted common share (A)/(C)	$	1.30	$	2.21	$	2.29	$	4.23

Potential dilutive common shares primarily consist of employee stock options, restricted stock units and performance stock units. Income from continuing operations per diluted common share excludes the anti-dilutive impact of 1,526,155 and 1,244,779 weighted average share-based awards outstanding for the quarter and two quarters ended July 3, 2020, respectively, and 262,174 and 264,079 weighted average share-based awards outstanding for the quarter and two quarters ended June 28, 2019, respectively.