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TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED)
NOTE 26: TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED)
The following table presents certain comparative financial information for fiscal 2020 compared with the four quarters ended January 3, 2020 (Unaudited) and two quarters ended January 3, 2020 compared with the two quarters ended December 28, 2018 (Unaudited). Due to the L3Harris Merger on June 29, 2019, fiscal 2020 and the two quarters ended January 3, 2020 reflect the results of the combined Company, while the four quarters ended January 3, 2020 reflect the results of only Harris operating businesses for the two quarters ended June 28, 2019 and the results of the combined Company for the two quarters ended January 3, 2020. The two quarters ended December 28, 2018 reflect the results of only Harris operating businesses. Due to the significance of the L3 operating businesses included in the combined Company results following the L3Harris Merger, the reported results for fiscal 2020 and the two quarters ended January 3, 2020 generally are not comparable to the four quarters ended January 3, 2020 and two quarters ended December 28, 2018, respectively.
Fiscal Year EndedFour Quarters EndedTwo Quarters Ended
(In millions, except per share amounts)January 1, 2021January 3, 2020January 3, 2020December 28, 2018
(Unaudited)(Unaudited)
Revenue from product sales and services$18,194 $12,856 $9,263 $3,208 
Cost of product sales and services(12,886)(9,088)(6,726)(2,105)
Engineering, selling and administrative expenses(3,315)(2,540)(1,881)(583)
Business divestiture-related gains (losses)(51)229 229 — 
Impairment of goodwill and other assets(767)(46)(46)— 
Non-operating income401 286 192 94 
Interest expense, net(254)(204)(123)(86)
Income from continuing operations before income taxes1,322 1,493 908 528 
Income taxes(234)(146)(73)(87)
Income from continuing operations1,088 1,347 835 441 
Discontinued operations, net of income taxes(2)(2)(1)(3)
Net income1,086 1,345 834 438 
Noncontrolling interests, net of income taxes33 (12)(12)— 
Net income attributable to L3Harris Technologies, Inc.$1,119 $1,333 $822 $438 
Net income per common share attributable to L3Harris Technologies, Inc. common shareholders
Net income per common share
Basic
Continuing operations$5.24 $8.04 $3.72 $3.74 
Discontinued operations(0.01)— — (0.03)
$5.23 $8.04 $3.72 $3.71 
Diluted
Continuing operations$5.19 $7.90 $3.68 $3.66 
Discontinued operations— (0.01)(0.01)(0.02)
$5.19 $7.89 $3.67 $3.64 
Basic weighted average common shares outstanding214.0166.0221.2 117.8 
Diluted weighted average common shares outstanding215.9169.0223.7 120.3