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TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) | 6 Months Ended
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Jan. 03, 2020
Condensed Financial Information Disclosure [Abstract] |
TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) | NOTE 27: TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) The following table presents certain comparative financial information for the two quarters ended January 3, 2020 and two quarters ended December 28, 2018:
| Two Quarters Ended
| January 3, 2020 |  | December 28, 2018
| (In millions, except per share amounts)
Revenue from product sales and services | $ | 9,263 |  |  | $ | 3,208 |
Cost of product sales and services | (6,726 | ) |  | (2,105 | )
Engineering, selling and administrative expenses | (1,927 | ) |  | (583 | )
Gain on sale of business | 229 |  |  | — |
Non-operating income | 192 |  |  | 94 |
Interest income | 12 |  |  | 1 |
Interest expense | (135 | ) |  | (87 | )
Income from continuing operations before income taxes | 908 |  |  | 528 |
Income taxes | (73 | ) |  | (87 | )
Income from continuing operations | 835 |  |  | 441 |
Discontinued operations, net of income taxes | (1 | ) |  | (3 | )
Net income | 834 |  |  | 438 |
Noncontrolling interests, net of income taxes | (12 | ) |  | — |
Net income attributable to L3Harris Technologies, Inc. | $ | 822 |  |  | $ | 438 |
Net income per common share attributable to L3Harris Technologies, Inc. common shareholders |  |  |
Basic |  |  |
Continuing operations | $ | 3.72 |  |  | $ | 3.74 |
Discontinued operations | — |  |  | (0.03 | )
| $ | 3.72 |  |  | $ | 3.71 |
Diluted |  |  |
Continuing operations | $ | 3.68 |  |  | $ | 3.66 |
Discontinued operations | (0.01 | ) |  | (0.02 | )
| $ | 3.67 |  |  | $ | 3.64 |
Basic weighted average common shares outstanding | 221.2 |  |  | 117.8 |
Diluted weighted average common shares outstanding | 223.7 |  |  | 120.3 |

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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph d -Subparagraph 4 -Subsection 10 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph c -Subparagraph 4 -Subsection 10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph a -Subsection 04 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph e -Subparagraph 4 -Subsection 10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph f -Subparagraph 4 -Subsection 10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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