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STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION | 9 Months Ended
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Sep. 27, 2024
Share-Based Payment Arrangement [Abstract] |
STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION | NOTE I: STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION At September 27, 2024, we had stock options and other share-based compensation awards outstanding under three shareholder-approved employee stock incentive plans, including our 2024 Equity Incentive Plan, which was approved by our shareholders on April 19, 2024, as well as under other existing employee equity incentive plans assumed by L3Harris (collectively, the “L3Harris SIPs”). Total share-based compensation expense was $23 million and $76 million for the quarter and three quarters ended September 27, 2024, respectively, and $22 million and $67 million for the quarter and three quarters ended September 29, 2023, respectively. Awards granted to participants under L3Harris SIPs and the weighted-average grant-date fair value per share or unit during the three quarters ended September 27, 2024 and September 29, 2023 were as follows:
| Three Quarters Ended
| September 27, 2024 |  | September 29, 2023
(In millions, except per share/units amounts) | Shares or Units |  | Weighted-Average Grant-Date Fair Value Per Share or Unit |  | Shares or Units |  | Weighted-Average Grant-Date Fair Value Per Share or Unit
Stock option shares granted(1) | 0.4 |  |  | $ | 50.99 |  |  | 0.4 |  |  | $ | 54.63 |
Restricted stock units granted(2) | 0.2 |  |  | $ | 214.00 |  |  | 0.3 |  |  | $ | 200.61 |
Performance share units granted(3) | 0.2 |  |  | $ | 230.09 |  |  | 0.2 |  |  | $ | 223.09 |
_______________ (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. The aggregate number of shares of our common stock issued under L3Harris SIPs, net of shares withheld for tax purposes, was 0.4 million and 1.2 million for the quarter and three quarters ended September 27, 2024, respectively, and was 0.1 million and 0.5 million for the quarter and three quarters ended September 29, 2023, respectively. See Note 10: Stock Options and Other Share-Based Compensation in our Fiscal 2023 Form 10-K for additional information regarding the L3Harris SIPs.

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