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TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) | NOTE 26: TRANSITION PERIOD COMPARATIVE DATA (UNAUDITED) The following table presents certain comparative financial information for fiscal 2020 compared with the four quarters ended January 3, 2020 (Unaudited) and two quarters ended January 3, 2020 compared with the two quarters ended December 28, 2018 (Unaudited). Due to the L3Harris Merger on June 29, 2019, fiscal 2020 and the two quarters ended January 3, 2020 reflect the results of the combined Company, while the four quarters ended January 3, 2020 reflect the results of only Harris operating businesses for the two quarters ended June 28, 2019 and the results of the combined Company for the two quarters ended January 3, 2020. The two quarters ended December 28, 2018 reflect the results of only Harris operating businesses. Due to the significance of the L3 operating businesses included in the combined Company results following the L3Harris Merger, the reported results for fiscal 2020 and the two quarters ended January 3, 2020 generally are not comparable to the four quarters ended January 3, 2020 and two quarters ended December 28, 2018, respectively.
| 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 gains (losses) | (51) |  |  | 229 |  |  | 229 |  |  | — |
Impairment of goodwill and other assets | (767) |  |  | (46) |  |  | (46) |  |  | — |
Non-operating income | 401 |  |  | 286 |  |  | 192 |  |  | 94 |
Interest expense, net | (254) |  |  | (204) |  |  | (123) |  |  | (86) |
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 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 3 -Paragraph e -Subparagraph 4 -Subsection 10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph a -Subsection 04 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=120395691&loc=d3e24072-122690 + Details
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