
*NOTE 15:*	*INCOME FROM CONTINUING OPERATIONS PER SHARE*

The computations of income from continuing operations per share are as follows (in this Note 15, “income from continuing operations” refers to income from continuing operations attributable to Harris Corporation common shareholders):


	2011			2010			2009
	(In millions, except per share amounts)

Income from continuing operations	$	588.0		$	561.6		$	312.4
Adjustments for participating securities outstanding		(7.2	)		(5.9	)		(2.1	)

Income from continuing operations used in basic and diluted common share calculations (A)	$	580.8		$	555.7		$	310.3

Basic weighted average common shares outstanding (B)		125.3			129.0			132.3
Impact of dilutive stock options		1.0			1.0			0.7

Diluted weighted average common shares outstanding (C)		126.3			130.0			133.0

Income from continuing operations per basic common share (A)/(B)	$	4.63		$	4.31		$	2.35
Income from continuing operations per diluted common share (A)/(C)	$	4.60		$	4.28		$	2.33

Potential dilutive common shares primarily consist of employee stock options. Employee stock options to purchase approximately 3,274,962, 3,300,641 and 3,270,318 shares of our common stock were outstanding at the end of fiscal 2011, 2010 and 2009, respectively, but were not included as dilutive stock options in the computations of income from continuing operations per diluted common share because the effect would have been antidilutive as the options’ exercise prices exceeded the average market price of our common stock.