XML 62 R45.htm IDEA: XBRL DOCUMENT
v3.10.0.1

STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Jun. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Amounts and Classifications of Share-based Compensation | The following table summarizes the amounts and classification of share-based compensation expense:
| 2018 |  | 2017 |  | 2016
| (In millions)
Total expense | $ | 51 |  |  | $ | 42 |  |  | $ | 36 |
Included in: |  |  |  |  |
Cost of product sales and services | $ | 8 |  |  | $ | 3 |  |  | $ | 4 |
Engineering, selling and administrative expenses | 43 |  |  | 39 |  |  | 32 |
Income from continuing operations | 51 |  |  | 42 |  |  | 36 |
Tax effect on share-based compensation expense | (16 | ) |  | (16 | ) |  | (14 | )
Total share-based compensation expense after-tax | $ | 35 |  |  | $ | 26 |  |  | $ | 22 |
Schedule of Assumptions Used in Determining Fair Value of Stock Options | A summary of the significant assumptions used in determining the fair value of stock option grants under our SIPs is as follows:
| 2018 |  | 2017 |  | 2016
Expected dividends | 1.8 | % |  | 2.4 | % |  | 2.5 | %
Expected volatility | 19.3 | % |  | 21.8 | % |  | 23.0 | %
Risk-free interest rates | 1.8 | % |  | 1.2 | % |  | 1.5 | %
Expected term (years) | 5.00 |  |  | 5.03 |  |  | 5.05 |
Schedule of Stock Option Activity | A summary of stock option activity under our SIPs as of June 29, 2018 and changes during fiscal 2018 is as follows:
| Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  |  |  |  | (In years) |  | (In millions)
Stock options outstanding June 30, 2017 | 4,910,142 |  |  | $ | 69.89 |  |  |  |  |
Stock options forfeited or expired | (98,532 | ) |  | $ | 88.51 |  |  |  |  |
Stock options granted | 412,285 |  |  | $ | 119.70 |  |  |  |  |
Stock options exercised | (525,525 | ) |  | $ | 64.25 |  |  |  |  |
Stock options outstanding June 29, 2018 | 4,698,370 |  |  | $ | 74.50 |  |  | 6.53 |  | $ | 329.05 |
Stock options exercisable June 29, 2018 | 3,084,969 |  |  | $ | 64.34 |  |  | 5.71 |  | $ | 247.42 |
Schedule of Nonvested Stock Options | A summary of the status of our nonvested stock options at June 29, 2018 and changes during fiscal 2018 is as follows:
| Shares |  | Weighted-Average Grant-Date Fair Value Per Share
Nonvested stock options June 30, 2017 | 2,596,282 |  |  | $ | 13.23 |
Stock options granted | 412,285 |  |  | $ | 18.60 |
Stock options vested | (1,395,166 | ) |  | $ | 13.15 |
Nonvested stock options June 29, 2018 | 1,613,401 |  |  | $ | 14.66 |
Schedule of Status of Restricted Stock Units | A summary of the status of these awards at June 29, 2018 and changes during fiscal 2018 is as follows:
| Shares or Units |  | Weighted-Average Grant Price Per Share or Unit
Restricted stock and restricted stock units outstanding at June 30, 2017 | 260,964 |  |  | $ | 84.92 |
Restricted stock and restricted stock units granted | 312,247 |  |  | $ | 141.46 |
Restricted stock and restricted stock units vested | (138,659 | ) |  | $ | 80.44 |
Restricted stock and restricted stock units forfeited | (19,862 | ) |  | $ | 111.88 |
Restricted stock and restricted stock units outstanding at June 29, 2018 | 414,690 |  |  | $ | 127.70 |
Schedule of Status of Performance Share Units | A summary of the status of these awards at June 29, 2018 and changes during fiscal 2018 is as follows:
| Shares or Units |  | Weighted-Average Grant Price Per Share or Unit
Performance share units outstanding at June 30, 2017 | 633,735 |  |  | $ | 81.81 |
Performance share units granted | 193,321 |  |  | $ | 123.13 |
Performance share units vested | (173,505 | ) |  | $ | 66.48 |
Performance share units forfeited | (28,258 | ) |  | $ | 97.97 |
Performance share units outstanding at June 29, 2018 | 625,293 |  |  | $ | 98.11 |

X
- Definition Assumptions used in calculating fair value of stock option grants. + References No definition available. + Details
Name: | hrs_AssumptionsUsedInCalculatingFairValueOfStockOptionGrantsTableTextBlock
Namespace Prefix: | hrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of performance shares and performance share units. + References No definition available. + Details
Name: | hrs_SummaryOfPerformanceSharesAndPerformanceShareUnitsTableTextBlock
Namespace Prefix: | hrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of restricted stock and restricted stock units. + References No definition available. + Details
Name: | hrs_SummaryOfRestrictedStockAndRestrictedStockUnitsTableTextBlock
Namespace Prefix: | hrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of stock option activity. + References No definition available. + Details
Name: | hrs_SummaryOfStockOptionActivityTableTextBlock
Namespace Prefix: | hrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration