EARNINGS PER SHARE

9 Months Ended

Sep. 29, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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		Three Quarters Ended
(In millions)	September 29, 2023	September 30, 2022	September 29, 2023	September 30, 2022
Basic weighted-average common shares outstanding	189.3	191.3	189.6	192.2
Impact of dilutive share-based awards	0.8	—	1.0	1.8
Diluted weighted-average common shares outstanding	190.1	191.3	190.6	194.0

The antidilutive impact excluded from diluted EPS for the quarter ended September 29, 2023 was immaterial. Diluted EPS excludes the antidilutive impact of 2.0 million weighted-average share-based awards outstanding for the three quarters ended September 29, 2023 and 1.9 million and 0.3 million weighted-average share-based awards outstanding for the quarter and three quarters ended September 30, 2022, respectively.