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STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION | 9 Months Ended
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Sep. 29, 2023
Share-Based Payment Arrangement [Abstract] |
STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION | NOTE C: STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION At September 29, 2023, we had stock options or other share-based compensation awards outstanding under several employee stock incentive plans (“L3Harris SIPs”). The compensation cost related to our share-based awards that was charged against income for the quarter and three quarters ended September 29, 2023 was $22 million and $67 million, respectively, and $23 million and $92 million for the quarter and three quarters ended September 30, 2022, respectively. Awards granted to participants under L3Harris SIPs and the weighted-average grant-date fair value per share during the three quarters ended September 29, 2023 and September 30, 2022 are as follows:
| Three Quarters Ended September 29, 2023 |  | Three Quarters Ended September 30, 2022
(In millions, except per share amounts) | Shares |  | Weighted-Average Grant-Date Fair Value Per Share |  | Shares |  | Weighted-Average Grant-Date Fair Value Per Share
Stock options granted(1) | 0.4 |  |  | $ | 209.88 |  |  | 0.4 |  |  | $ | 231.71 |
Restricted stock and restricted stock units granted(2) | 0.3 |  |  | $ | 200.61 |  |  | 0.3 |  |  | $ | 224.79 |
Performance share units grants(3) | 0.2 |  |  | $ | 223.09 |  |  | 0.2 |  |  | $ | 258.83 |
_______________ (1)Other than certain stock options granted in connection with new hires, our stock options generally ratably vest in equal amounts over a three-year period. (2)Other than certain restricted stock units granted in connection with new hires, our restricted stock units generally cliff vest after three-years. (3)Our performance share units are subject to performance criteria and generally vest after the three-year performance period. There were no significant grants of stock options, restricted stock units or performance share units to participants under the L3Harris SIPs during the quarters ended September 29, 2023 and September 30, 2022. The aggregate number of shares of our common stock issued under L3Harris SIPs, net of shares withheld for tax purposes, was 0.1 million and 0.5 million for the quarter and three quarters ended September 29, 2023, respectively, and 0.1 million and 0.7 million for the quarter and three quarters ended September 30, 2022, respectively. See Note 15: Stock Options and Other Share-Based Compensation in our Fiscal 2022 Form 10-K for additional information regarding the L3Harris SIPs.

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