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TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of Certain Comparative Financial Information for Transition Period |
| Fiscal Year Ended |  | Four Quarters Ended |  | Two Quarters Ended
(In millions, except per share amounts) | January 1, 2021 |  | January 3, 2020 |  | January 3, 2020 |  | December 28, 2018
|  |  | (Unaudited) |  |  |  | (Unaudited)
Revenue from product sales and services | $ | 18,194 |  |  | $ | 12,856 |  |  | $ | 9,263 |  |  | $ | 3,208 |
Cost of product sales and services | (12,886) |  |  | (9,088) |  |  | (6,726) |  |  | (2,105) |
Engineering, selling and administrative expenses | (3,315) |  |  | (2,540) |  |  | (1,881) |  |  | (583) |
Business divestiture-related (losses) gains | (51) |  |  | 229 |  |  | 229 |  |  | — |
Impairment of goodwill and other assets | (767) |  |  | (46) |  |  | (46) |  |  | — |
Non-operating income | 401 |  |  | 286 |  |  | 192 |  |  | 94 |
Interest income | 16 |  |  | 13 |  |  | 12 |  |  | 1 |
Interest expense | (270) |  |  | (217) |  |  | (135) |  |  | (87) |
Income from continuing operations before income taxes | 1,322 |  |  | 1,493 |  |  | 908 |  |  | 528 |
Income taxes | (234) |  |  | (146) |  |  | (73) |  |  | (87) |
Income from continuing operations | 1,088 |  |  | 1,347 |  |  | 835 |  |  | 441 |
Discontinued operations, net of income taxes | (2) |  |  | (2) |  |  | (1) |  |  | (3) |
Net income | 1,086 |  |  | 1,345 |  |  | 834 |  |  | 438 |
Noncontrolling interests, net of income taxes | 33 |  |  | (12) |  |  | (12) |  |  | — |
Net income attributable to L3Harris Technologies, Inc. | $ | 1,119 |  |  | $ | 1,333 |  |  | $ | 822 |  |  | $ | 438 |
Net income per common share attributable to L3Harris Technologies, Inc. common shareholders
Net income per common share |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Continuing operations | $ | 5.24 |  |  | $ | 8.04 |  |  | $ | 3.72 |  |  | $ | 3.74 |
Discontinued operations | (0.01) |  |  | — |  |  | — |  |  | (0.03) |
| $ | 5.23 |  |  | $ | 8.04 |  |  | $ | 3.72 |  |  | $ | 3.71 |
Diluted |  |  |  |  |  |  |
Continuing operations | $ | 5.19 |  |  | $ | 7.90 |  |  | $ | 3.68 |  |  | $ | 3.66 |
Discontinued operations | — |  |  | (0.01) |  |  | (0.01) |  |  | (0.02) |
| $ | 5.19 |  |  | $ | 7.89 |  |  | $ | 3.67 |  |  | $ | 3.64 |
Basic weighted average common shares outstanding | 214.0 |  | 166.0 |  | 221.2 |  |  | 117.8 |
Diluted weighted average common shares outstanding | 215.9 |  | 169.0 |  | 223.7 |  |  | 120.3 |

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- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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