Income From Continuing Operations Per Share

12 Months Ended

Jun. 27, 2014

Income From Continuing Operations Per Share [Abstract]

INCOME FROM CONTINUING OPERATIONS PER SHARE

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):

	2014		2013		2012
	(In millions, except per share
	amounts)
Income from continuing operations	$	539.8	$	466.4	$	558.7
Adjustments for participating securities outstanding		(3.8)		(3.5)		(7.3)
Income from continuing operations used in per basic and diluted common share calculations (A)	$	536.0	$	462.9	$	551.4
Basic weighted average common shares outstanding (B)		106.1		110.5		114.2
Impact of dilutive share-based awards		1.2		0.7		0.6
Diluted weighted average common shares outstanding (C)		107.3		111.2		114.8
Income from continuing operations per basic common share (A)/(B)	$	5.05	$	4.19	$	4.83
Income from continuing operations per diluted common share (A)/(C)	$	5.00	$	4.16	$	4.80

Potential dilutive common shares primarily consist of employee stock options and performance share and performance share unit awards. Employee stock options to purchase approximately 651,904, 3,164,450 and 5,151,746 shares of our common stock were outstanding at the end of fiscal 2014, 2013 and 2012, 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.