Net Income Per Share

6 Months Ended

Dec. 30, 2011

Net Income Per Share [Abstract]

Net Income Per Share

Note I—Net Income Per Share

The computations of net incomeper shareare as follows (in this Note I, “net income” refers to net income attributable to Harris Corporation common shareholders):

	Quarter Ended				Two Quarters Ended
	December 30,		December 31,		December 30,		December 31,
	2011		2010		2011		2010
	(In millions, except per share amounts)
Net income	$	133.1	$	151.1	$	254.7	$	315.0
Adjustments for participating securities outstanding		(1.9)		(1.9)		(3.3)		(3.9)
Net income used in basic and diluted common share calculations (A)	$	131.2	$	149.2	$	251.4	$	311.1
Basic weighted average common shares outstanding (B)		112.4		125.9		116.1		126.3
Impact of dilutive stock options		0.4		0.9		0.4		1.0
Diluted weighted average common shares outstanding (C)		112.8		126.8		116.5		127.3
Net income per basic common share (A)/(B)	$	1.17	$	1.19	$	2.17	$	2.46
Net income per diluted common share (A)/(C)	$	1.16	$	1.18	$	2.16	$	2.44

Potential dilutive common sharesconsist of employee stock options. Employee stock options to purchase approximately 5,227,907and 3,160,928 shares of our common stock were outstanding at December 30, 2011 and December 31, 2010, respectively, but were not included as dilutive stock options in the computations of net income 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.