11-K 1 g03890e11vk.htm HARRIS CORP. Harris Corp.
Table of Contents

 
 
(harris)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
 
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 2006
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                    
Commission file number 1-3863
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Harris Corporation Retirement Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Harris Corporation
1025 West NASA Blvd.
Melbourne, Florida 32919
 
 

 


Table of Contents

HARRIS CORPORATION
RETIREMENT PLAN
Financial Statements and Supplemental Schedule
June 30, 2006 and 2005 and
for the Year Ended June 30, 2006

 


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
June 30, 2006
Table of Contents
         
    1  
 
       
       
 
       
    3  
 
       
    4  
 
       
    5  
 
       
       
 
       
    10  
 
       
Exhibits:
       
 
       
Exhibit 23.1 Consent of Independent Registered Public Accounting Firm
       
Exhibit 23.2 Consent of Independent Registered Public Accounting Firm
       
 
       
 EX-23.1 Consent of Ernst & Young LLP
 Ex-23.2 Consent of Hoyman, Dobson & Company,P.A.

 


Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants, Plan Administrator and the Harris Corporation Employee Benefits Committee
Harris Corporation Retirement Plan
We have audited the accompanying statement of net assets available for benefits of the Harris Corporation Retirement Plan as of June 30, 2006 and the related statement of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of the Harris Corporation Retirement Plan for the year ended June 30, 2005, were audited by other auditors whose report dated December 6, 2005, expressed an unqualified opinion on those statements.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the 2006 financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of June 30, 2006, and the changes in net assets available for benefits for the year then ended, in conformity with U.S. generally accepted accounting principles.
Our audit was performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Certified Public Accountants
Jacksonville, Florida
December 14, 2006

1


Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants, Plan Administrator and the Harris Corporation Employee Benefits Committee
Harris Corporation Retirement Plan
We have audited the accompanying statements of net assets available for benefits of the Harris Corporation Retirement Plan (the “Plan”) as of June 30, 2005, and the related statement of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of June 30, 2005, and the changes in net assets available for benefits for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
/s/ Hoyman, Dobson & Company, P.A.
Melbourne, Florida
December 6, 2005

2


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Statements of Net Assets Available for Benefits
                 
    June 30  
    2006     2005  
ASSETS
               
 
               
Investments at fair value:
               
Common stocks
  $ 615,497,213     $ 594,173,911  
Registered investment companies
    306,263,810       237,313,330  
Common/collective trust funds
    904,627,150       860,924,212  
Master trust investment account
    39,825,775        
Guaranteed investment contracts, at contract value
    509,727,788       508,673,004  
Corporate bonds and debentures
    1,057,637       1,084,013  
Real estate investments
    1,349,268       2,116,577  
Participant loans
    29,279,610       27,460,670  
 
           
Total investments
    2,407,628,251       2,231,745,717  
 
           
 
               
Receivables:
               
Contributions receivable:
               
Harris Corporation
    48,593,346       44,447,187  
Participants
    4,207,861       3,635,631  
Accrued interest and dividends
    397,666       149,596  
Due from broker for securities sold
    1,707,235       4,680,375  
 
           
Total receivables
    54,906,108       52,912,789  
 
           
 
               
Cash and Cash Equivalents
    5,304,624       4,661,045  
 
           
 
               
Total assets
    2,467,838,983       2,289,319,551  
 
           
 
               
LIABILITIES
               
 
               
Due to participants
          42,199  
Accrued expenses
    336,272       537,232  
Due to broker for securities purchased
    1,153,533       3,362,439  
 
           
 
               
Total liabilities
    1,489,805       3,941,870  
 
           
 
               
Net assets available for benefits
  $ 2,466,349,178     $ 2,285,377,681  
 
           
The accompanying notes are an integral part of these financial statements.

3


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Statement of Changes in Net Assets Available for Benefits
For the Year Ended June 30, 2006
         
Additions to net assets attributed to:
       
Investment income:
       
Net appreciation in fair value of investments
  $ 176,584,618  
Interest
    3,331,465  
Dividends
    10,866,347  
 
     
Total investment income
    190,782,430  
 
     
 
       
Contributions:
       
Participant rollovers
    6,237,302  
Employer profit sharing
    46,103,048  
Employer matching
    41,999,482  
Participant
    72,600,343  
 
     
Total contributions
    166,940,175  
 
     
 
       
Transfer of assets into the Plan
    1,438,526  
 
     
 
       
Total additions
    359,161,131  
 
     
 
       
Deductions from net assets attributed to:
       
Benefits paid to participants
    174,495,770  
Administrative expenses
    3,691,858  
Transfer of assets out of the Plan
    2,006  
 
     
 
       
Total deductions
    178,189,634  
 
     
 
       
Net increase
    180,971,497  
 
       
Net assets available for benefits:
       
Beginning of year
    2,285,377,681  
 
     
 
       
End of year
  $ 2,466,349,178  
 
     
The accompanying notes are an integral part of these financial statements.

4


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Notes to the Financial Statements
June 30, 2006 and 2005
NOTE 1 — DESCRIPTION OF PLAN
The following description of the Harris Corporation Retirement Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
  A.   General — The Plan is a defined contribution plan with a 401(k) feature covering substantially all eligible employees of Harris Corporation and certain of its subsidiaries (collectively, the “Company” or “Employer”) as defined in the Plan document. The Plan Administrator is the Harris Corporation Employee Benefits Committee comprised of persons appointed by Harris Corporation. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.
 
  B.   Contributions — Participants may contribute a percentage of both pre-tax and after-tax eligible compensation, as defined in the Plan document and subject to Internal Revenue Code (the “Code”) limitations. Participants age 50 and older by the end of the Plan year can contribute an additional amount above the annual pre-tax limitation, as defined in the Plan document and subject to the Code limitation. The Company matches 100% of pre-tax and after-tax contributions subject to a limit of 6% of eligible compensation for any eligible employee who has completed one year of service. Participants who make no election with respect to pre-tax or after-tax contributions receive an automatic deferment of 6% of eligible compensation on a pre-tax basis. For Plan years ending prior to June 30, 2005, the Employer had an obligation to make a profit sharing contribution to the Plan in the amount of 11.5% of adjusted consolidated net income as defined in the Plan document. Such contribution was allocated to eligible participants as defined in the Plan document who have completed one year of service and were employed on the last day of the Plan year. Effective for Plan years commencing after June 30, 2005, the Plan adopted a new profit sharing formula tied to the Company’s earnings per share and related financial targets. The new formula is described in the Plan document. The Employer may also make additional discretionary profit sharing contributions which are allocated to eligible employees based on compensation and excess compensation as defined in the Plan document.
 
  C.   Payments of Benefits — Prior to termination of employment, a participant may withdraw all or any portion of his or her after-tax account balance or rollover balance. Upon death, disability, retirement or termination of employment a participant may elect to receive either a lump-sum amount equal to the participant’s vested interest in his or her account, or installments over a future period. An employee may also receive a distribution for financial hardship per the Plan document.
 
  D.   Participant Loans — The loan program permits employees to borrow against their pre-tax, after-tax and rollover contributions. Employees may borrow in increments of $100 from a minimum of $500 to a maximum of 50% of the vested portion of the participants account or $50,000 whichever is lower, within certain limitations established by the Plan. Payback periods range from one to five years at the option of the participant and may be longer if the loan is to be used for the purchase of a principle residence. Interest rates are established by the Company based on market rates. Loans are paid back ratably through payroll deductions. The outstanding loans have been established as a separate fund.
 
  E.   Participant Accounts — Each participant’s account is credited with the participant’s contribution and allocations of (a) the Company’s matching contribution, (b) the Company’s profit sharing contribution, (c) the Company’s additional discretionary profit sharing contribution, if any, and, (d) Plan earnings and charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

5


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 30, 2006 and 2005
NOTE 1 — DESCRIPTION OF THE PLAN (CONTINUED)
  F.   Vesting — Participants are immediately vested in their pre-tax and after-tax contributions plus actual earnings thereon. Vesting in the Employer matching, profit sharing and discretionary contributions plus earnings is based on years of continuous service. A participant is 100% vested after six years of credited service, based on the following schedule:
         
Years of Service   Vesting Percentage  
Less than 2 years
    0%  
2 years
    20%  
3 years
    40%  
4 years
    60%  
5 years
    80%  
6 years or more
    100%  
  G.   Forfeitures — A participant who terminates employment for reasons other than retirement or other specified circumstances and is not 100% vested will forfeit the non-vested portion of the Company’s contributions unless the participant returns to employment within five years. The forfeited contributions are used first to restore recently located missing participants, as defined in the Plan document; next, to restore accounts of participants who were reemployed prior to incurring a break in service of five consecutive years; next, to fund any matching or profit sharing contributions to be allocated to participants who are reemployed after a period of qualified military service, as defined in the Plan document; and finally, to reduce future contributions to the Plan by the Company. Forfeited amounts included in Plan assets at June 30, 2006 and 2005 were $96,862 and $138,123, respectively. For the year ended June 30, 2006 Employer contributions were reduced by $1,487,274 from forfeited nonvested accounts.
 
  H.   Plan Termination — Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100 percent vested in their accounts.
 
  I.   Investment Options — Upon enrollment into the Plan, a participant may direct Employer and Participant contributions in any of several investment options, except that profit sharing contributions may not be invested in the Harris Stock Fund. The investment options are fully described in the “Employer Summary Plan Description” available to participants. Elections to change funds can be made daily; however, amounts in the Stable Value Fund, which is comprised of unallocated insurance contracts, cannot be transferred directly to the Money Market Fund. A participant may not transfer amounts from other investment funds to the Harris Stock Fund and are governed by other limitations described in the Plan document.
NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting — The accounting records of the Plan are maintained on the accrual basis.

6


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 30, 2006 and 2005
NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Valuation of Investments — The Plan’s investments are stated at fair value. Quoted market prices are used when available, to value investments. Investments for which quoted market values are not available are stated at fair values as reported by the trustee or investee company. Participant loans are valued at their outstanding balances, which approximate fair value. Guaranteed investment contracts held in the Plan’s Stable Value Fund are fully benefit-responsive. In accordance with AICPA Statement of Position No. 94-4 “Reporting of Investment Contracts Held by Health and Welfare Benefit Plans and Defined-Contribution Pension Plans,” these contracts are recorded at contract value, which approximates fair value. The average effective yield for the years ended June 30, 2006 and 2005 was 4.10% and 4.27%, respectively. Crediting interest rates range from 2.41% to 4.96% at June 30, 2006 and from 2.83% to 7.42% at June 30, 2005. Investments in common/collective trusts are stated at fair value, based on quoted redemption values as determined by Northern Trust, the Trustee as defined by the Plan document. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The net appreciation (depreciation) in fair value of investments represents the sum of the unrealized appreciation or depreciation in aggregate fair value of investments and the realized gain or loss on sale of investments.
Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires the plan administrator to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates.
Administrative Expenses — Unless otherwise elected by Harris Corporation, all ordinary and extraordinary charges and expenses incurred by the Trustee in connection with the administration of the Plan are paid by the Trustee from the assets of the trust.
NOTE 3 — INVESTMENTS
During the year ended June 30, 2006, the Plan’s investments (including investments bought, sold and held during the years) appreciated (depreciated) in value as follows:
         
Net appreciation(depreciation) in fair value as determined by quoted market prices:
       
Common stocks
  $ 58,519,749  
Registered investment companies
    42,164,775  
Corporate bonds and debentures
    (26,375 )
Real estate investments
    41,297  
 
     
 
    100,699,446  
 
     
 
       
Net appreciation in fair value as determined by investee company:
       
Common/collective trusts
    54,616,781  
Master trust investment account
    1,182,541  
Guaranteed investment contracts
    20,085,850  
 
     
 
    75,885,172  
 
     
Total net appreciation in fair value
  $ 176,584,618  
 
     

7


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 30, 2006 and 2005
NOTE 3 — INVESTMENTS (CONTINUED)
The fair value of individual investments that represent 5% or more of Plan net assets at June 30, 2006 and 2005 is as follows:
                 
    2006     2005  
MFB NTGI-QM Collective Daily Russell 1000 Equity Index Fund
  $ 210,377,575     $ 214,365,209  
MFB NTGI-QM Collective Daily S&P 500 Equity Index Fund
    258,641,075       256,845,027  
MFO Bank of New York Collective TR Aggregate Index Fund
    262,613,561       247,248,311  
MFO Columbia FDS SER TR Intl. Fund
    161,920,365       *  
Harris Corporation common stock
    125,800,040       *  
*Investment did not represent 5% or more of the Plan net assets.
Plan investments include a 100% interest in a Master Trust Investment Account (“MTIA”) which represents approximately 1.62% of the net assets available for benefits as of June 30, 2006. There were no Plan assets invested in a MTIA as of June 30, 2005. Investment income and expenses are allocated to the Plan based upon its pro-rata share in the net assets of the master trust which for the Plan year ended June 30, 2006 was 100%. Assets, liabilities and investment results of the MTIA were as follows as of June 30, 2006:
         
Assets
       
Investments at fair value:
       
Cash and cash equivalents
  $ 6,866,695  
Common Stocks
    32,079,729  
Real Estate investments
    869,757  
Other
    273,229  
Receivables:
       
Due from broker for securities sold
    129,461  
Accrued investment income receivable
    32,004  
 
     
Total assets
    40,250,875  
 
       
Liabilities
       
Due to broker for securities purchased
    420,417  
Other payables
    4,683  
 
     
Total liabilities
    425,100  
 
     
         
 Net assets
  $ 39,825,775  
 
     
 Investment results:
       
Net appreciation in fair value of investments
  $ 1,318,672  
Interest
    9,094  
Dividends
    14,485  
Less: administrative expenses
    (4,683 )
 
       
Net transfers into the Master Trust Investment Account
    38,488,207  
 
     
 
       
Increase in net assets of the Master Trust Investment Account
  $ 39,825,775  
 
     

8


Table of Contents

HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 30, 2006 and 2005
NOTE 4 — RELATED-PARTY TRANSACTIONS
Certain Plan investments are shares of common stock of Harris Corporation and balances in a common/collective trust fund managed by Northern Trust. Harris Corporation is the Plan sponsor and Northern Trust is the Trustee and, therefore, these transactions qualify as exempt party-in-interest transactions.
Harris Corporation common stock is included with other common stock at June 30, 2006 and 2005 as follows:
                                 
    2006     2005    
 
  Shares   Fair Value   Shares   Fair Value
 
                       
Harris Corporation common stock
    3,030,596     $ 125,800,040       3,063,887     $ 95,623,913  
 
                           
On February 25, 2005, Harris Corporation’s Board of Directors approved a two-for-one stock split in the form of a 100 percent stock dividend to its stockholders of record on March 14, 2005. All share amounts in the Audited Financial Statements reflect the stock split, applied retroactively for all periods presented.
Transactions in shares of the Company’s common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended June 30, 2006, the Plan made purchases of $11,252,151 and sales of $11,298,783 of the Company’s common stock.
NOTE 5 — INCOME TAX STATUS
The Plan has received a determination letter from the Internal Revenue Service dated April 21, 2004, stating that the Plan is qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan, as amended, is qualified and the related trust is tax exempt.
NOTE 6 — CONCENTRATION OF CREDIT RISK
Cash amounts at the Trustee may exceed the $100,000 federally insured limit from time to time. The Plan provides for investments in various investment securities, which, in general, are exposed to certain risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect participant account balances and the amounts reported in the statement of net assets available for benefits.
NOTE 7 — RECONCILIATION OF PLAN FINANCIAL STATEMENTS TO THE FORM 5500
Certain balances included on Schedule H, Parts I and II, of the Form 5500 differ from those included in these financial statements. The following is a reconciliation of net assets available for benefits at June 30, 2006:
         
    2006  
Net assets available for benefits per the financial statements
  $ 2,466,349,178  
Due to participants
    (347,347 )
 
     
Net assets available for benefits per the form 5500
  $ 2,466,001,831  
 
     
     The following is as reconciliation of benefits paid to participants per the financial statements for the years ended June 30, 2006:
         
    2006  
Benefits paid to participants per the financial statements
  $ 174,495,770  
Due to participants
    347,347  
 
     
Benefits paid to participants per the form 5500
  $ 174,843,117  
 
     

9


Table of Contents

SUPPLEMENTAL INFORMATION
Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Debt Instruments — Other
 
LUCENT TECHNOLOGIES INC
SUB DEB CONV
8 DUE 08-01-2031/08-15-2006 REG PUT
    1,055,000             $1,057,638  
 
 
Total Corporate Debt
    Instruments — Other
                  $1,057,638  
 

10


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
1ST CMNTY BANCORP CAL COM     4645         274,427  
 
5TH 3RD BANCORP COM     97300           3,595,235  
 
ABAXIS INC COM     14545           325,372  
 
ABBOTT LAB COM     58500           2,551,185  
 
ABRAXIS BIOSCIENCE INC COM STK     21500           512,560  
 
ACCENTURE LTD BERMUDA CLS A COM     29923           847,419  
 
ADOBE SYS INC COM     14100           428,076  
 
ADR AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS     34000           1,130,840  
 
ADR BP P L C SPONSORED ADR     43856           3,052,816  
 
ADR DESARROLLADORA HOMEX S A DE C V SPONSORED ADR     5500           180,455  
 
ADR ERICSSON L M TEL CO ADR CL B SEK 10 NEW ERICSSON L M TEL CO ADR     19900           657,496  
 
ADR HDFC BK LTD ADR REPSTG 3 SHS     11170           609,324  
 
ADR ICON PUB LTD CO     8835           488,576  
 
ADR NOKIA CORP SPONSORED ADR     135100           2,737,126  
 
ADR O2MICRO INTL LTD SPONSORED ADR     29095           223,741  
 
BK OF IRELAND ORD STK EUR0.64     55500           989,963  
 
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS     76500           5,123,970  
 
ADR SONY CORP AMERN SH NEW     52200           2,298,888  
 
ADR TEVA PHARMACEUTICAL INDS     60000           1,895,400  
 
ADVISORY BRD CO COM     2875           138,259  
 
AES CORP COM     5600           103,320  
 
AETNA INC     34800           1,389,564  
 
AKAMAI TECHNOLOGIES INC COM STK     2798           101,260  
 
ALCOA INC COM STK     71500           2,313,740  
 
ALEXZA PHARMACEUTICALS INC COM     9435           69,159  
 
ALLEGHENY TECHNOLOGIES INC COM     15100           1,045,524  
 
ALLERGAN INC COM     17000           1,823,420  
 
ALLTEL CORP COM     52300           3,338,309  
 
ALTRIA GROUP INC COM     15900           1,167,537  
 
AMAZON COM INC COM     22421           867,244  
 
AMERICAN TOWER CORP CL A     50122           1,559,797  
 
AMERN INTL GROUP INC COM     64400           3,802,820  
 
AMGEN INC COM     11,732           765,278  
 
AMR CORP COM     54100           1,375,222  
 
AMSURG CORP COM     28865           656,679  
 
ANADARKO PETRO CORP COM     56800           2,708,792  
 
ANALOG DEVICES INC COM     93,430           3,002,840  

11


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
ANHEUSER BUSCH COS INC COM     85100           3,879,709  
 
ANNTAYLOR STORES CORP COM     9700           420,786  
 
APOLLO GROUP INC CL A CL A     42500           2,195,975  
 
APPLE COMPUTER INC COM     59000           3,370,080  
 
APPLIED MATERIALS INC COM     56602           921,481  
 
ARGON ST INC COM     6155           163,908  
 
ARTHROCARE CORP COM     4195           176,232  
 
AT&T INC COM     192341           5,364,390  
 
AUTODESK INC COM     7825           269,650  
 
AUTOMATIC DATA PROCESSING INC COM     20788           942,736  
 
AVERY DENNISON CORP COM     47600           2,763,656  
 
AVON PRODS INC COM USD0.25     83800           2,597,800  
 
BANK AMER CORP COM     64978           3,125,442  
 
BANK OF THE OZARKS INC COM     14657           488,078  
 
BAXTER INTL INC COM     51800           1,904,168  
 
BEACON ROOFING SUPPLY INC COM     18018           396,565  
 
BED BATH BEYOND INC COM     4176           138,518  
 
BEST BUY INC COM STK     22400           1,228,416  
 
BIG 5 SPORTING GOODS CORP COM     7125           138,938  
 
BIOGEN IDEC INC COM STK     11400           528,162  
 
BJS WHSL CLUB INC COM STK     7600           215,460  
 
BLOCK H & R INC COM     59600           1,422,056  
 
BLUE NILE INC COM     5625           180,900  
 
BOSTON SCIENTIFIC CORP COM     67100           1,129,964  
 
BRISTOL MYERS SQUIBB CO COM     87500           2,262,750  
 
BUILDING MATLS HLDG CORP COM     21500           599,205  
 
BURL NORTHN SANTA FE CORP COM     5800           459,650  
 
CAMPBELL SOUP CO COM     71800           2,664,498  
 
CAREMARK RX INC COM     19530           973,961  
 
CATERPILLAR INC COM     6600           491,568  
 
CBS CORP NEW CL B     80250           2,170,763  
 
CENT GARDEN & PET CO COM     4604           198,202  
 
CEPHALON INC CON     6600           396,660  
 
CERADYNE INC DEL COM     7100           351,379  
 
CERNER CORP COM     3300           122,463  
 
CHEMTURA CORP COM     48887           456,605  
 
CHEVRON CORP COM     101478           6,297,726  
 
CHGO MERCANTILE EXCHANGE HLDGS INC CL A     6800           3,339,820  
 
CHUBB CORP COM     38400           1,916,160  
 
CIGNA CORP COM     6000           591,060  
 
CIRCUIT CY STORES INC COM     20500           558,010  
 
CISCO SYS INC COM     116300           2,271,339  
 
CITIGROUP INC COM     37300           1,799,352  
 
COCA COLA CO COM     88800           3,820,176  
 
COCA COLA ENTERPRISES INC COM     12900           262,773  
 
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL ACL A     5847           393,912  
 
COLGATE-PALMOLIVE CO COM     71800           4,300,820  
 
COMCAST CORP NEW CL A     89806           2,940,248  
 
COOPER INDUSTRIES INC COM     24100           2,239,372  
 
COPART INC COM     40505           994,803  
 
CORNING INC COM     30910           747,713  
 
CORPORATE EXECUTIVE BRD CO COMMON STOCK     1000           100,200  
 
COSTAR GROUP INC COM     1600           95,728  
 
CRA INTL INC COM     2600           117,364  
 
CSX CORP COM     1200           84,528  
 
CVS CORP COM STK     11800           362,260  

12


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
CYBERONICS INC COM     9105           194,119  
 
CYBERSOURCE CORP DEL COM     17590           205,803  
 
CYMER INC COM     25800           1,198,668  
 
D R HORTON INC COM     34900           831,318  
 
DANAHER CORP COM     19776           1,271,992  
 
DEALERTRACK HLDGS INC COM STK     12357           273,213  
 
DEERE & CO COM     27400           2,287,626  
 
DELL INC COM STK     84100           2,052,881  
 
DEVON ENERGY CORP NEW COM     6600           398,706  
 
DEXCOM INC COM     5932           80,557  
 
DISNEY WALT CO COM     103400           3,102,000  
 
DOW JONES & CO INC COM     72900           2,552,229  
 
DU PONT E I DE NEMOURS & CO COM STK     79100           3,290,560  
 
DUKE ENERGY CORP NEW COM STK     115000           3,377,550  
 
E*TRADE FIN CORP COM     22188           506,330  
 
EASTMAN KODAK CO COM     91600           2,178,248  
 
EATON CORP COM     20100           1,515,540  
 
EBAY INC COM     110721           3,243,018  
 
ECHOSTAR COMMUNICATIONS CORP NEW CL A     45900           1,414,179  
 
ELI LILLY & CO COM     67300           3,719,671  
 
EMC CORP COM     42784           469,340  
 
ENCYSIVE PHARMACEUTICALS INC COM     9890           68,538  
 
ENDO PHARMACEUTICALS HLDGS INC COM     10000           329,800  
 
ENERGY CONVERSION DEVICES INC COM     13165           479,601  
 
ENTERGY CORP NEW COM     37300           2,638,975  
 
EOG RESOURCES INC COM     8200           568,588  
 
EXXON MOBIL CORP COM     114826           7,044,575  
 
FACTSET RESH SYS INC COM     19717           932,614  
 
FID NATL FINL INC COM     19300           751,735  
 
FIRSTENERGY CORP COM     39535           2,143,192  
 
FNMA COM STK     31700           1,524,770  
 
FORD MTR CO DEL COM PAR $0.01     84700           586,971  
 
FORTUNE BRANDS INC COM STK     26800           1,903,068  
 
FOXHOLLOW TECHNOLOGIES INC COM STK     7735           211,320  
 
FRKLN RES INC COM     8426           731,461  
 
GARMIN GARMIN CORPORATION     6134           646,769  
 
GEN DYNAMICS CORP COM     7920           518,443  
 
GEN MILLS INC COM     72000           3,719,520  
 
GENENTECH INC COM STK     62089           5,078,880  
 
GENERAL ELEC CO COM     368790           12,155,318  
 
GENUINE PARTS CO COM     44500           1,853,870  
 
GENZYME CORP COM     38000           2,319,900  
 
GFI GROUP INC COM STK     2795           150,790  
 
GILEAD SCI INC COM     37934           2,244,175  
 
GOLF GALAXY INC COM STK     1500           20,175  
 
GOOGLE INC CL A CL A     15848           6,645,541  
 
GUITAR CTR INC COM     19150           851,601  
 
HANSEN NAT CORP COM COM     1100           209,407  
 
HARBOR FLA BANCSHARES INC COM     4150           154,131  
 
HARMAN INTL INDS INC NEW COM STK USD0.01     7752           661,788  
 
*HARRIS CORP COM     3030596           125,800,040  
 
HEALTHSPRING INC COM STK     11360           213,000  
 
HEALTHWAYS INC COM STK     8665           456,126  
 
HERCULES INC VTG COM     32100           489,846  
 
HESS CORP COM STK     80100           4,233,285  
 
HEWLETT PACKARD CO COM     40200           1,273,536  
 
HIBBETT SPORTING GOODS INC COM     21632           517,005  

13


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
HITTITE MICROWAVE CORP COM STK     700           25,312  
 
HOME DEPOT INC COM     44000           1,574,760  
 
HONEYWELL INTL INC COM STK     115000           4,634,500  
 
HUMANA INC COM     17490           939,213  
 
INTIGRATED DEVICE TECHNOLOGY INC COM     16872           239,245  
 
INTEL CORP COM     115696           2,192,439  
 
INTERCONTINENTALEXCHANGE INC COM     12000           695,280  
 
INTERNATIONAL BUSINESS MACHS CORP COM COM     48000           3,687,360  
 
INTL FLAVORS & FRAGRANCES INC COM     65800           2,318,792  
 
INTL GAME TECH COM     23816           903,579  
 
INTL PAPER CO COM     161796           5,226,011  
 
INTUITIVE SURGICAL INC COM NEW STK     7000           825,790  
 
IRON MTN INC COM STK     16000           598,080  
 
JACKSON HEWITT TX SVC INC COM     4980           156,123  
 
JLG INDS INC COM     20400           459,000  
 
JOHNSON & JOHNSON COM     70800           4,242,336  
 
JOY GLOBAL INC COM     26500           1,380,385  
 
JPMORGAN CHASE & CO COM     194024           8,149,008  
 
JUNIPER NETWORKS INC COM     70479           1,126,959  
 
KB HOME COM     11700           536,445  
 
KIMBERLY-CLARK CORP COM     36200           2,233,540  
 
KNIGHT TRANSN INC COM COM     56623           1,143,785  
 
KOHLS CORP COM     21148           1,250,270  
 
KOMAG INC COM NEW STK     30200           1,394,636  
 
KYPHON INC COM     8230           315,703  
 
LAMAR ADVERTISING CO CL A COM     19725           1,062,389  
 
LECG CORP COM     11365           209,912  
 
LEGG MASON INC COM     8182           814,273  
 
LENNAR CORP CL A     14100           625,617  
 
LIFE TIME FITNESS INC COM     5010           231,813  
 
LIGAND PHARMACEUTICALS INC CL B     7775           65,699  
 
LINCOLN NATL CORP COM     54223           3,060,346  
 
LOCKHEED MARTIN CORP COM     28100           2,015,894  
 
LOOPNET INC COM STK     2160           40,198  
 
LOWES COS INC COM     48400           2,936,428  
 
LUCENT TECHNOLOGIES INC COM STK     356000           861,520  
 
MACROVISION CORP COM     6570           141,386  
 
MANITOWOC INC COM     28600           1,272,700  
 
MARSH & MCLENNAN CO’S INC COM     177900           4,783,731  
 
MARVELL TECH GROUP COM USD02     31925           1,415,235  
 
MATTEL INC COM     164800           2,720,848  
 
MAXIM INTEGRATED PRODS INC COM     35145           1,128,506  
 
MC CORMICK & CO INC COM NON-VTG     44800           1,503,040  
 
MC DONALDS CORP COM     2900           97,440  
 
MCCLATCHY CO CL A CL A     12436           498,932  
 
MEADWESTVACO CORP COM     50800           1,418,844  
 
MEDCO HLTH SOLUTIONS INC COM     7800           446,784  
 
MEDIMMUNE INC COM     48400           1,311,640  
 
MEDTRONIC INC COM     40654           1,907,486  
 
MELLON FINL CORP COM     104800           3,608,264  
 
MEMC ELECTR MATLS INC COM COM     22900           858,750  
 
MERCANTILE BANKSHARES CORP COM     30500           1,087,935  
 
MERCK & CO INC COM     137000           4,990,910  
 
MERITAGE HOMES CORP COM     7090           335,003  
 
MICREL INC COM     48785           488,338  
 
MICROCHIP TECHNOLOGY INC COM     18200           610,610  
 
MICROSOFT CORP COM     310947           7,245,065  

14


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
MICROTUNE INC DEL COM     21577           135,072  
 
MONSANTO CO NEW COM     5950           500,931  
 
MOODYS CORP COM     31000           1,688,260  
 
MORGAN STANLEY     87757           5,547,120  
 
MOTOROLA INC COM     105000           2,115,750  
 
MURPHY OIL CORP COM     39200           2,189,712  
 
MYRIAD GENETICS INC COM     4375           110,469  
 
N V R INC COM     260           127,725  
 
NATL CY CORP COM     38400           1,389,696  
 
NAVTEQ CORP COM     19789           884,173  
 
NEOPHARM INC COM     7145           3,808,385  
 
NEUROCHEM INC COM NEUROCHEM INC COM STK     13685           144,103  
 
NEUSTAR INC CL A     8680           292,950  
 
NEW YORK TIMES CO CL A ISIN     129900           3,187,746  
 
NEWELL RUBBERMAID INC COM     119300           3,081,519  
 
NISOURCE INC COM     142400           3,110,016  
 
NORFOLK SOUTHN CORP COM COM     46600           2,480,052  
 
NORTHN TR CORP COM     15000           829,500  
 
NORTHSTAR NEUROSCIENCE INC COM     5420           56,260  
 
NOVACEA INC COM STK     4800           43,536  
 
NUVASIVE INC COM     10310           187,951  
 
NVIDIA CORP COM     41940           892,903  
 
NXSTAGE MED INC COM STK     10420           90,967  
 
O REILLY AUTOMOTIVE INC COM     44999           1,403,519  
 
ORACLE CORP COM     43480           630,025  
 
OUTDOOR CHANNEL HLDGS INC COM NEW COM NEW     11085           114,397  
 
P F CHANGS CHINA BISTRO INC COM STK     4775           181,546  
 
PAC SUNWEAR CAL INC COM     6685           119,862  
 
PALL CORP COM     74000           2,072,000  
 
PATTERSON COS INC COM     19000           663,670  
 
PEDIATRIX MED GROUP COM     6590           298,527  
 
PEETS COFFEE & TEA INC COM     2550           76,985  
 
PENN NATL GAMING INC COM     9100           352,898  
 
PEPSICO INC COM     6200           372,248  
 
PETCO ANIMAL SUPPLIES INC COM NEW     7355           150,263  
 
PFIZER INC COM STK $.11 1/9 PAR     158900           3,729,383  
 
PHARMACEUTICAL PROD DEV INC COM     6080           213,530  
 
PINNACLE ENTMT INC COM     9100           278,915  
 
PINNACLE W. CAP CORP COM     21300           850,083  
 
PLX TECH INC COM     22585           275,989  
 
POOL CORP COM STK     6325           275,960  
 
PRA INTL COM STK     7710           171,702  
 
PROCTER & GAMBLE CO COM     2800           155,680  
 
PROGRESS ENERGY INC COM     53300           2,284,971  
 
PROSPERITY BANCSHARES INC COM     6690           220,034  
 
PRUDENTIAL FINL INC COM     3300           256,410  
 
PWR INTEGRATIONS INC COM     26550           464,094  
 
QIAGEN N V COM     29145           399,869  
 
QUALCOMM INC COM     67400           2,700,718  
 
QWEST COMMUNICATIONS INTL INC COM     530500           4,291,745  
 
RADIAN GROUP INC COM     11100           685,758  
 
RADIOSHACK CORP DEL COM     66000           924,000  
 
RAYTHEON CO COM NEW COM NEW     60500           2,696,485  
 
RED HAT INC COM     64302           1,504,667  
 
REDWOOD TR INC COM     5639           275,352  
 
RES CONNECTION INC COM     15275           382,181  

15


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
RESMED INC COM     5440           255,408  
 
RETALIX LTD     9850           219,754  
 
RYLAND GROUP INC COM     15900           692,763  
 
S.W. AIRL CO COM     75539           1,236,573  
 
SALIX PHARMACEUTICALS LTD COM DE     6060           74,538  
 
SARA LEE CORP COM     16400           262,728  
 
SCHERING-PLOUGH CORP COM     76700           1,459,601  
 
SCHLUMBERGER LTD COM STK     70314           4,578,145  
 
SCHWAB CHARLES CORP COM NEW     193400           3,090,532  
 
SEABOARD CORP DEL COM     179           229,120  
 
SEAGATE TECH HLDGS COM USD0001     50500           1,143,320  
 
SEMTECH CORP     7140           103,173  
 
SEPRACOR INC COM     12498           714,136  
 
SILICON LABORATORIES INC COM     10950           384,893  
 
SIRF TECHNOLOGY HLDGS INC COM     9924           319,751  
 
SLM CORP COM     21873           1,157,519  
 
SPRINT NEXTEL CORP     141600           2,830,584  
 
SRA INTL INC CL A     11665           310,639  
 
ST JUDE MED INC COM     16548           536,486  
 
ST PAUL TRAVELERS CORP     65249           2,908,800  
 
ST STR CORP COM     75129           4,364,244  
 
STANTEC INC COM STK     19820           374,598  
 
STARBUCKS CORP COM     120000           4,531,200  
 
STRAYER ED INC COM     4850           471,032  
 
STRYKER CORP COMMON COMMON     30700           1,292,777  
 
SUN TR BANKS INC COM     35400           2,699,604  
 
SUNOCO INC COM     1700           117,793  
 
SYMYX TECHNOLOGIES INC COM     3700           89,355  
 
SYSCO CORP COM     47687           1,457,315  
 
TARGET CORP COM     11126           543,728  
 
TD AMERITRADE HLDG CORP COM STK     29900           442,819  
 
TECHNE CORP COM     14165           721,282  
 
TECO ENERGY INC COM     31800           475,092  
 
TELUS CORPORATION COM NPV     13300           550,489  
 
TELUS CORP NON VTG SHS     19500           787,410  
 
TESSERA TECHNOLOGIES INC COM STK     13030           358,325  
 
TEXAS INSTRS INC COM COM     24958           755,978  
 
TEXAS ROADHOUSE INC COM CL A STK CL A     1300           17,576  
 
THOMAS WEISEL PARTNERS GROUP INC COM     5495           104,460  
 
TIME WARNER INC NEW COM     247000           4,273,100  
 
TITANIUM METALS CORP COM NEW     22300           766,674  
 
TOREADOR RES CORP COM     8905           250,498  
 
TRANSOCEAN INC     7394           593,886  
 
TREX INC COM     248           6,421  
 
TRIBUNE CO COM     128000           4,151,040  
 
TUESDAY MORNING CORP COM NEW     13735           180,615  
 
TXU CORP COM     5600           334,824  
 
TYCO INTL LTD NEW COM     64300           1,768,250  
 
UCBH HLDGS INC COM     14880           246,115  
 
UN PAC CORP COM     52800           4,908,288  
 
UNITEDHEALTH GROUP INC COM     45648           2,044,117  
 
UNUMPROVIDENT CORP COM     112700           2,043,251  
 
UNVL TECH INST INC COM     11610           255,652  
 
URS CORP NEW COM     4600           193,200  
 
UST INC COM     33900           1,531,941  
 
UTD SURGICAL PARTNERS INTL INC COM     28418           854,529  

16


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Corporate Common Stock
 
UTD THERAPEUTICS CORP DEL COM STK     13300           768,341  
 
VALERA PHARMACEUTICALS INC COM STK     7610           63,848  
 
VALERO ENERGY CORP COM STK NEW     900           59,868  
 
VARIAN MED SYS INC COM ISIN     20500           970,675  
 
VERIZON COMMUNICATIONS COM     91234           3,055,427  
 
VIACOM INC NEW CL B     83893           3,006,725  
 
VULCAN MATERIALS CO COM     29000           2,262,000  
 
WAL-MART STORES INC COM     117427           5,656,459  
 
WALGREEN CO COM     78052           3,499,852  
 
WASTE MGMT INC DEL COM STK     82572           2,962,683  
 
WEBSENSE INC COM STK ISIN# US9476841062     6165           126,629  
 
WELLS FARGO & CO NEW COM STK     25300           1,697,124  
 
WESTN DIGITAL CORP COM     72000           1,426,320  
 
WINNEBAGO INDS INC COM     5970           185,309  
 
WYETH COM     79300           3,521,713  
 
WYNN RESORTS LTD COM     8375           613,888  
 
XCEL ENERGY INC COM     102200           1,960,196  
 
XILINX INC COM     44572           1,009,556  
 
YAHOO INC COM     102704           3,389,232  
 
ZIMMER HLDGS INC COM     13500           765,720  
 
 
                 
 
Corporate Common Stock Total
              $ 615,497,213  
 
 
                 

17


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Participant Loans
 
*PARTICIPANT LOAN ASSET
— HARRIS CORP.
    5.0% to 10.5%
Maturing through 2011
        $ 29,279,610  
 
 
Participant Loans Total                 $ 29,279,610  

18


Table of Contents

                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Value of Interest in Common/Collective Trusts
 
COLTV SHORT TERM INVT FD     19,042,879       19,042,879  
 
MFB NTGI-QM COLLECTIVE DAILY SMALLCAP EQUITY INDEX FUND — LENDING\\     309,751           76,491,166  
 
MFB NTGI-QM COLTV DAILY AGGREGATE BD INDEX FD-LNDG     48,323           15,626,473  
 
MFB NTGI-QM COLTV DAILY RUSSELL 1000 EQTY INDEX FD-LENDING     1,318,684           210,377,575  
 
MFB NTGI-QM COLTV DAILY RUSSELL 1000 GROWTH EQTY INDEX FD-LENDING     6,300           1,348,227  
 
MFB NTGI-QM COLTV DAILY RUSSELL 2000 GROWTH EQTY INDEX FD-LENDING     324,262           60,486,194  
 
MFB NTGI-QM COLTV DAILY S&P 500 EQTY INDEX FD-LENDING     75,927           258,641,075  
 
MFO BK OF NY COLTV TR AGGREGATE INDEX FD     24,737,159           262,613,561  
 
                   
 
Value of Interest in Common/Collective Trusts Total               $ 904,627,150  
 
                   

19


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
 
Value of Interest in Registered Investment Companies
 
                 
MFO ALLIANZ FDS RCM TECHNOLOGY FD INSTL CL
  838823         $  30,851,905  
MFO COLUMBIA FDS SER TR INTL VALUE FD CLA
  6893162         161,920,366  
MFO DODGE & COX STOCK FD OPEN END FD
  482964         69,778,691  
MFO STI CLASSIC FDS INSTL CASH MGMT MONEY MKT FD INSTL CL
  36076734         36,076,734  
MFO TROWE PRICE RESERVED INVT FD
  7636115         7,636,115  
 
Value of Interest in Registered
               
Investment Companies Total
            $306,263,810  
 
 
             

20


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
Guaranteed Investment Contracts
 
GIC ING USA ANNUITY & LIFE INSURANCE CO
CNTRCT # IUS0121 RATE: 3.65% MAT: 8/6/07
  10706026       $ 10,706,026  
GIC JACKSON NATIONAL LIFE INSURANCE
CONTRACT NO. 1473-1 MTY 09/28/07 **INC
  11647572         11,647,572  
GIC MONUMENTAL CNTRCT NO. SV04375Q
MTY 05/29/07 RATE 3.84% UNALLOCATE GEN
  6492665         6,492,665  
GIC TRAVELERS INS CO CONTRCT # GR-18614
RATE: 2.41% MAT: 7/10/06 UNALLOCATED
  6440556         6,440,556  
GIC BANK OF AMERICA CNTRCT # 05-004
RATE 5% MAT: 00/00/0000 SYNTHETIC
  93254536         93,254,536  
GIC IXIS CNTRCT # 1121-02
RATE 4.63% MAT: 00/00/0000 SYNTHETIC
  57252539         57,252,539  
GIC JP MORGAN CHASE CNTRCT #433121-S
RATE 4.62% MAT: 00/00/0000 SYNTHETIC
  54229085         54,229,085  
GIC JPMORGAN CHASE CNTRCT # 433121-LT 4.97%
MAT: 0/0/00 SNTHETIC
  12865610         12,865,610  
GIC MONUMENTAL LIFE CNTRCT # MDA-00683TRRATE 5.30%
MAT: 00/00/0000 SYNTHETIC
  93074335         93,074,335  
GIC STATE STREET CNTRCT # 105004
RATE 5.13% MAT: 00/00/0000 SYNTHETIC
  70464221         70,464,221  
GIC UBS CNTRCT # 5204 RATE 4.86%
MAT: 00/00/0000 SYNTHETIC
  93300643         93,300,643  
 
             
Guaranteed Investment Contracts Total
          $ 509,727,788  
 
             

21


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 30, 2006
                         
      (c)            
      Description of Investment            
  (b)   Including           (e)
  Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,   (d)   Current
(a) or Similar Party   Collateral, Par or Maturity Value   Cost   Value
      (In Shares/Par Value except                
      Participant Loans)        
Master Trust Investment
 
MFO HARRIS RS INVESTMENTS UNIT A     3858249           $39,825,775
 
 
Total Master Trust Investment               $39,825,775
Real Estate Investments
 
                 
SIMON PPTY GROUP INC COM
16268           1,349,268  
 
Total Real Estate Investments
            1,349,268  
 
               
Total Investments
          $ 2,407,628,251  
 
             
Note: Cost information has not been included in column (d) because all investments are participant directed.
*Party-in-interest to the Plan

22


Table of Contents

SIGNATURES
     The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.
         
  Harris Corporation Retirement Plan
Employee Benefits Committee,
as Plan Administrator
 
 
  By:   /s/ Ronald A. Wyse    
    Ronald A. Wyse, Plan Administrator   
       
 
Date: December 21, 2006

23