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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jan. 03, 2020
Dec. 31, 2021
Jan. 01, 2021
Jun. 28, 2019
Revenue from product sales and services        
Revenue $ 9,263 $ 17,814 $ 18,194 $ 6,801
Cost of product sales and services        
Cost of revenue (6,726) (12,438) (12,886) (4,467)
Engineering, selling and administrative expenses (1,881) (3,280) (3,315) (1,242)
Business divestiture-related gains (losses) 229 220 (51) 0
Impairment of goodwill and other assets (46) (207) (767) 0
Non-operating income 192 439 401 188
Net interest expense (123) (265) (254) (167)
Income from continuing operations before income taxes 908 2,283 1,322 1,113
Income taxes (73) (440) (234) (160)
Income from continuing operations 835 1,843 1,088 953
Discontinued operations, net of income taxes (1) (1) (2) (4)
Net income 834 1,842 1,086 949
Noncontrolling interests, net of income taxes (12) 4 33 0
Net income attributable to L3Harris Technologies, Inc. 822 1,846 1,119 949
Amount attributable to L3Harris Technologies, Inc. common shareholders        
Income from continuing operations 823 1,847 1,121 953
Discontinued operations, net of income taxes (1) (1) (2) (4)
Net income attributable to L3Harris Technologies, Inc. $ 822 $ 1,846 $ 1,119 $ 949
Basic        
Continuing operations (in dollars per share) $ 3.72 $ 9.17 $ 5.24 $ 8.06
Discontinued operations (in dollars per share) 0 0 (0.01) (0.03)
Total basic net income per common share (in dollars per share) 3.72 9.17 5.23 8.03
Diluted        
Continuing operations (in dollars per share) 3.68 9.09 5.19 7.89
Discontinued operations (in dollars per share) (0.01) 0 0 (0.03)
Diluted (in dollars per share) $ 3.67 $ 9.09 $ 5.19 $ 7.86
Product        
Revenue from product sales and services        
Revenue $ 6,908 $ 13,156 $ 13,581 $ 5,638
Cost of product sales and services        
Cost of revenue (4,996) (9,007) (9,464) (3,615)
Services        
Revenue from product sales and services        
Revenue 2,355 4,658 4,613 1,163
Cost of product sales and services        
Cost of revenue $ (1,730) $ (3,431) $ (3,422) $ (852)