STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Awards Granted, Stock Option and Units

Awards granted to participants under L3Harris SIPs and the weighted-average grant-date fair value per share during the two quarters ended June 30, 2023 and July 1, 2022 are as follows:

	Two Quarters Ended June 30, 2023			Two Quarters Ended July 1, 2022
(In millions, except per share amounts)	Shares	Weighted-Average Grant-Date Fair Value Per Share		Shares	Weighted-Average Grant-Date Fair Value Per Share
Stock options granted(1)	0.4	$	210.37	0.4	$	231.71
Restricted stock and restricted stock units granted(2)	0.2	$	209.13	0.2	$	223.35
Performance share units grants(3)	0.2	$	223.09	0.2	$	258.83

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(1)Other than certain stock options granted in connection with new hires, our stock options generally ratably vest in equal amounts over a three-year period.

(2)Other than certain restricted stock units granted in connection with new hires, our restricted stock and restricted stock units generally vest on a three-year cliff.

(3)Our performance share units are subject to performance criteria and generally vest after the three-year performance period.