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10-Q Filing

L3HARRIS TECHNOLOGIES, INC. /DE/ CIK: 202058 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0000202058-22-000063
Period End Date 20220930
Filing Date 20221031
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance hrs-20220930_htm.xml
Balance Sheet 94 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $529.00M USD Point-in-time
Preferred shares, authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $941.00M USD Point-in-time
Preferred shares, authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Receivables, net AccountsReceivableNetCurrent $1.04B USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $1.14B USD Point-in-time
Preferred shares, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred shares, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $3.02B USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $3.13B USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Inventories InventoryNet $982.00M USD Point-in-time
Common shares, authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Inventories InventoryNet $1.34B USD Point-in-time
Common shares, issued (in shares) CommonStockSharesIssued 193.51M shares Point-in-time
Inventory prepayments PrepaidInventory $48.00M USD Point-in-time
Inventory prepayments PrepaidInventory $22.00M USD Point-in-time
Common shares, issued (in shares) CommonStockSharesIssued 191.09M shares Point-in-time
Common shares, outstanding (in shares) CommonStockSharesOutstanding 193.51M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $98.00M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $44.00M USD Point-in-time
Common shares, outstanding (in shares) CommonStockSharesOutstanding 191.09M shares Point-in-time
Other current assets OtherAssetsCurrent $224.00M USD Point-in-time
Other current assets OtherAssetsCurrent $224.00M USD Point-in-time
Total current assets AssetsCurrent $6.43B USD Point-in-time
Total current assets AssetsCurrent $6.36B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $2.10B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $2.09B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $769.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $762.00M USD Point-in-time
Goodwill Goodwill $17.26B USD Point-in-time
Goodwill Goodwill $18.19B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $6.64B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $6.15B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $85.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $84.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $604.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $566.00M USD Point-in-time
Total non-current assets AssetsNoncurrent $28.35B USD Point-in-time
Total non-current assets AssetsNoncurrent $26.95B USD Point-in-time
Total assets Assets $34.71B USD Point-in-time
Total assets Assets $33.38B USD Point-in-time
Short-term debt ShortTermBorrowings $2.00M USD Point-in-time
Short-term debt ShortTermBorrowings $2.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.77B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.08B USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.30B USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.16B USD Point-in-time
Compensation and benefits EmployeeRelatedLiabilitiesCurrent $349.00M USD Point-in-time
Compensation and benefits EmployeeRelatedLiabilitiesCurrent $444.00M USD Point-in-time
Other accrued items OtherAccruedLiabilitiesCurrent $1.00B USD Point-in-time
Other accrued items OtherAccruedLiabilitiesCurrent $1.00B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $28.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $201.00M USD Point-in-time
Current portion of long-term debt, net LongTermDebtAndCapitalLeaseObligationsCurrent $11.00M USD Point-in-time
Current portion of long-term debt, net LongTermDebtAndCapitalLeaseObligationsCurrent $1.06B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.85B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.55B USD Point-in-time
Defined benefit plans PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent $346.00M USD Point-in-time
Defined benefit plans PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent $614.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $745.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $768.00M USD Point-in-time
Long-term debt, net LongTermDebtAndCapitalLeaseObligations $5.97B USD Point-in-time
Long-term debt, net LongTermDebtAndCapitalLeaseObligations $7.05B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $876.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.34B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.16B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.06B USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $9.09B USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $10.84B USD Point-in-time
Preferred stock, without par value; 1,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, without par value; 1,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 191,089,930 and 193,511,401 shares at September 30, 2022 and December 31, 2021, respectively CommonStockValue $194.00M USD Point-in-time
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 191,089,930 and 193,511,401 shares at September 30, 2022 and December 31, 2021, respectively CommonStockValue $191.00M USD Point-in-time
Other capital AdditionalPaidInCapitalCommonStock $15.74B USD Point-in-time
Other capital AdditionalPaidInCapitalCommonStock $16.25B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.92B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.77B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-146.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-366.00M USD Point-in-time
Total shareholders equity StockholdersEquity $19.21B USD Point-in-time
Total shareholders equity StockholdersEquity $18.34B USD Point-in-time
Noncontrolling interests MinorityInterest $102.00M USD Point-in-time
Noncontrolling interests MinorityInterest $106.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.98B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.32B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.84B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.59B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $34.71B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $33.38B USD Point-in-time
Income Statement 96 line items
Line Item Tag Value Unit Period
Revenue from product sales and services RevenueFromContractWithCustomerExcludingAssessedTax $12.48B USD 3 Qtrs
Revenue from product sales and services RevenueFromContractWithCustomerExcludingAssessedTax $4.25B USD 1 Quarter
Revenue from product sales and services RevenueFromContractWithCustomerExcludingAssessedTax $4.23B USD 1 Quarter
Revenue from product sales and services RevenueFromContractWithCustomerExcludingAssessedTax $13.46B USD 3 Qtrs
Cost of product sales and services CostOfGoodsAndServicesSold $8.82B USD 3 Qtrs
Cost of product sales and services CostOfGoodsAndServicesSold $9.38B USD 3 Qtrs
Cost of product sales and services CostOfGoodsAndServicesSold $3.05B USD 1 Quarter
Cost of product sales and services CostOfGoodsAndServicesSold $2.92B USD 1 Quarter
Engineering, selling and administrative expenses SellingGeneralAndAdministrativeExpense $2.48B USD 3 Qtrs
Engineering, selling and administrative expenses SellingGeneralAndAdministrativeExpense $793.00M USD 1 Quarter
Engineering, selling and administrative expenses SellingGeneralAndAdministrativeExpense $742.00M USD 1 Quarter
Engineering, selling and administrative expenses SellingGeneralAndAdministrativeExpense $2.23B USD 3 Qtrs
Business divestiture-related gains, net GainLossOnSaleOfBusiness - USD 3 Qtrs
Business divestiture-related gains, net GainLossOnSaleOfBusiness $192.00M USD 3 Qtrs
Business divestiture-related gains, net GainLossOnSaleOfBusiness - USD 1 Quarter
Business divestiture-related gains, net GainLossOnSaleOfBusiness $27.00M USD 1 Quarter
Impairment of goodwill and other assets AssetImpairmentCharges $802.00M USD 1 Quarter
Impairment of goodwill and other assets AssetImpairmentCharges $207.00M USD 3 Qtrs
Impairment of goodwill and other assets AssetImpairmentCharges $802.00M USD 3 Qtrs
Impairment of goodwill and other assets AssetImpairmentCharges - USD 1 Quarter
Non-operating income, net OtherNonoperatingIncome $313.00M USD 3 Qtrs
Non-operating income, net OtherNonoperatingIncome $99.00M USD 1 Quarter
Non-operating income, net OtherNonoperatingIncome $111.00M USD 1 Quarter
Non-operating income, net OtherNonoperatingIncome $314.00M USD 3 Qtrs
Interest expense, net InterestIncomeExpenseNet $-198.00M USD 3 Qtrs
Interest expense, net InterestIncomeExpenseNet $-205.00M USD 3 Qtrs
Interest expense, net InterestIncomeExpenseNet $-70.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-67.00M USD 1 Quarter
(Loss) income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $740.00M USD 3 Qtrs
(Loss) income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $586.00M USD 1 Quarter
(Loss) income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.70B USD 3 Qtrs
(Loss) income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-321.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $336.00M USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $107.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $96.00M USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $-20.00M USD 1 Quarter
(Loss) income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-301.00M USD 1 Quarter
(Loss) income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $479.00M USD 1 Quarter
(Loss) income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $1.36B USD 3 Qtrs
(Loss) income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $644.00M USD 3 Qtrs
Discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax $-1.00M USD 3 Qtrs
Discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax - USD 3 Qtrs
Net (loss) income ProfitLoss $479.00M USD 1 Quarter
Net (loss) income ProfitLoss $644.00M USD 3 Qtrs
Net (loss) income ProfitLoss $-301.00M USD 1 Quarter
Net (loss) income ProfitLoss $1.36B USD 3 Qtrs
Noncontrolling interests, net of income taxes NetIncomeLossAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Noncontrolling interests, net of income taxes NetIncomeLossAttributableToNoncontrollingInterest $-2.00M USD 3 Qtrs
Noncontrolling interests, net of income taxes NetIncomeLossAttributableToNoncontrollingInterest $-2.00M USD 1 Quarter
Noncontrolling interests, net of income taxes NetIncomeLossAttributableToNoncontrollingInterest $-4.00M USD 3 Qtrs
Net (loss) income attributable to L3Harris Technologies, Inc. NetIncomeLoss $646.00M USD 3 Qtrs
Net (loss) income attributable to L3Harris Technologies, Inc. NetIncomeLoss $481.00M USD 1 Quarter
Net (loss) income attributable to L3Harris Technologies, Inc. NetIncomeLoss $1.36B USD 3 Qtrs
Net (loss) income attributable to L3Harris Technologies, Inc. NetIncomeLoss $-300.00M USD 1 Quarter
Net income (loss) from continuing operations, basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic $481.00M USD 1 Quarter
Net income (loss) from continuing operations, basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic $646.00M USD 3 Qtrs
Net income (loss) from continuing operations, basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic $-300.00M USD 1 Quarter
Net income (loss) from continuing operations, basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic $1.36B USD 3 Qtrs
Discontinued operations, net of income taxes, basic NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic - USD 1 Quarter
Discontinued operations, net of income taxes, basic NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic $-1.00M USD 3 Qtrs
Discontinued operations, net of income taxes, basic NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic - USD 1 Quarter
Discontinued operations, net of income taxes, basic NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic - USD 3 Qtrs
Net Income (Loss), basic NetIncomeLossAvailableToCommonStockholdersBasic $-300.00M USD 1 Quarter
Net Income (Loss), basic NetIncomeLossAvailableToCommonStockholdersBasic $646.00M USD 3 Qtrs
Net Income (Loss), basic NetIncomeLossAvailableToCommonStockholdersBasic $1.36B USD 3 Qtrs
Net Income (Loss), basic NetIncomeLossAvailableToCommonStockholdersBasic $481.00M USD 1 Quarter
Net income (loss) from continuing operations, diluted NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted $481.00M USD 1 Quarter
Net income (loss) from continuing operations, diluted NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted $646.00M USD 3 Qtrs
Net income (loss) from continuing operations, diluted NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted $1.36B USD 3 Qtrs
Net income (loss) from continuing operations, diluted NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted $-300.00M USD 1 Quarter
Discontinued operations, net of income taxes, diluted NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted $-1.00M USD 3 Qtrs
Discontinued operations, net of income taxes, diluted NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted - USD 1 Quarter
Discontinued operations, net of income taxes, diluted NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted - USD 1 Quarter
Discontinued operations, net of income taxes, diluted NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted - USD 3 Qtrs
Net Income (Loss), diluted NetIncomeLossAvailableToCommonStockholdersDiluted $1.36B USD 3 Qtrs
Net Income (Loss), diluted NetIncomeLossAvailableToCommonStockholdersDiluted $481.00M USD 1 Quarter
Net Income (Loss), diluted NetIncomeLossAvailableToCommonStockholdersDiluted $-300.00M USD 1 Quarter
Net Income (Loss), diluted NetIncomeLossAvailableToCommonStockholdersDiluted $646.00M USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $2.41 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-1.56 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.36 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $6.70 USD 3 Qtrs
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $3.33 USD 3 Qtrs
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $2.39 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $-1.56 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $6.64 USD 3 Qtrs
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 199.50M shares 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 191.30M shares 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 203.30M shares 3 Qtrs
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 192.20M shares 3 Qtrs
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 191.30M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 205.20M shares 3 Qtrs
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 194.00M shares 3 Qtrs
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 201.60M shares 1 Quarter
Cash Flow Statement 98 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $479.00M USD 1 Quarter
Net (loss) income ProfitLoss $644.00M USD 3 Qtrs
Net (loss) income ProfitLoss $-301.00M USD 1 Quarter
Net (loss) income ProfitLoss $1.36B USD 3 Qtrs
Amortization of acquisition-related intangibles AmortizationOfIntangibleAssetsAcquired $155.00M USD 1 Quarter
Amortization of acquisition-related intangibles AmortizationOfIntangibleAssetsAcquired $151.00M USD 1 Quarter
Amortization of acquisition-related intangibles AmortizationOfIntangibleAssetsAcquired $454.00M USD 3 Qtrs
Amortization of acquisition-related intangibles AmortizationOfIntangibleAssetsAcquired $475.00M USD 3 Qtrs
Depreciation and other amortization DepreciationDepletionAndAmortization $248.00M USD 3 Qtrs
Depreciation and other amortization DepreciationDepletionAndAmortization $243.00M USD 3 Qtrs
Share-based compensation ShareBasedCompensation $100.00M USD 3 Qtrs
Share-based compensation ShareBasedCompensation $92.00M USD 3 Qtrs
Share-based matching contributions under defined contribution plans DefinedContributionsPlan401kContributionsByEmployer $161.00M USD 3 Qtrs
Share-based matching contributions under defined contribution plans DefinedContributionsPlan401kContributionsByEmployer $165.00M USD 3 Qtrs
Qualified pension plan contributions DefinedBenefitPlanQualifiedContributionsByEmployer $5.00M USD 3 Qtrs
Qualified pension plan contributions DefinedBenefitPlanQualifiedContributionsByEmployer $4.00M USD 3 Qtrs
Pension and other postretirement benefit plan income PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $-275.00M USD 3 Qtrs
Pension and other postretirement benefit plan income PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $-297.00M USD 3 Qtrs
Goodwill and asset impairment charges AssetImpairmentCharges $802.00M USD 1 Quarter
Goodwill and asset impairment charges AssetImpairmentCharges $207.00M USD 3 Qtrs
Goodwill and asset impairment charges AssetImpairmentCharges $802.00M USD 3 Qtrs
Goodwill and asset impairment charges AssetImpairmentCharges - USD 1 Quarter
Business divestiture-related gains, net GainLossOnSaleOfBusiness - USD 3 Qtrs
Business divestiture-related gains, net GainLossOnSaleOfBusiness $192.00M USD 3 Qtrs
Business divestiture-related gains, net GainLossOnSaleOfBusiness - USD 1 Quarter
Business divestiture-related gains, net GainLossOnSaleOfBusiness $27.00M USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-5.00M USD 3 Qtrs
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 3 Qtrs
Gain on sale of asset group GainLossOnSaleOfOtherAssets $8.00M USD 3 Qtrs
Gain on sale of asset group GainLossOnSaleOfOtherAssets - USD 1 Quarter
Gain on sale of asset group GainLossOnSaleOfOtherAssets - USD 1 Quarter
Gain on sale of asset group GainLossOnSaleOfOtherAssets - USD 3 Qtrs
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $454.00M USD 3 Qtrs
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $102.00M USD 3 Qtrs
Receivables, net IncreaseDecreaseInAccountsReceivable $93.00M USD 3 Qtrs
Receivables, net IncreaseDecreaseInAccountsReceivable $-233.00M USD 3 Qtrs
Contract assets IncreaseDecreaseInContractWithCustomerAsset $615.00M USD 3 Qtrs
Contract assets IncreaseDecreaseInContractWithCustomerAsset $111.00M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $357.00M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $108.00M USD 3 Qtrs
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $38.00M USD 3 Qtrs
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-26.00M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $312.00M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $270.00M USD 3 Qtrs
Contract liabilities IncreaseDecreaseInContractWithCustomerLiability $-133.00M USD 3 Qtrs
Contract liabilities IncreaseDecreaseInContractWithCustomerLiability $56.00M USD 3 Qtrs
Compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-119.00M USD 3 Qtrs
Compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-95.00M USD 3 Qtrs
Other accrued items IncreaseDecreaseInOtherAccruedLiabilities $2.00M USD 3 Qtrs
Other accrued items IncreaseDecreaseInOtherAccruedLiabilities $72.00M USD 3 Qtrs
Income taxes IncreaseDecreaseInIncomeTaxes $100.00M USD 3 Qtrs
Income taxes IncreaseDecreaseInIncomeTaxes $259.00M USD 3 Qtrs
Other IncreaseDecreaseInOtherOperatingCapitalNet $72.00M USD 3 Qtrs
Other IncreaseDecreaseInOtherOperatingCapitalNet $-35.00M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.86B USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.38B USD 3 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $181.00M USD 3 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $207.00M USD 3 Qtrs
Proceeds from sale of property, plant and equipment, net ProceedsFromSaleOfPropertyPlantAndEquipment $7.00M USD 3 Qtrs
Proceeds from sale of property, plant and equipment, net ProceedsFromSaleOfPropertyPlantAndEquipment $10.00M USD 3 Qtrs
Proceeds from sales of businesses, net ProceedsFromDivestitureOfBusinesses $1.60B USD 3 Qtrs
Proceeds from sales of businesses, net ProceedsFromDivestitureOfBusinesses $5.00M USD 3 Qtrs
Proceeds from sale of asset group ProceedsFromSaleOfOtherProductiveAssets - USD 3 Qtrs
Proceeds from sale of asset group ProceedsFromSaleOfOtherProductiveAssets $18.00M USD 3 Qtrs
Cash used for equity investments PaymentsToAcquireEquityMethodInvestments - USD 3 Qtrs
Cash used for equity investments PaymentsToAcquireEquityMethodInvestments $47.00M USD 3 Qtrs
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-2.00M USD 3 Qtrs
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-7.00M USD 3 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $1.40B USD 3 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-188.00M USD 3 Qtrs
Net proceeds from borrowings ProceedsFromBorrowings $5.00M USD 3 Qtrs
Net proceeds from borrowings ProceedsFromBorrowings $5.00M USD 3 Qtrs
Repayments of borrowings RepaymentsOfUnsecuredDebt $12.00M USD 3 Qtrs
Repayments of borrowings RepaymentsOfUnsecuredDebt $12.00M USD 3 Qtrs
Proceeds from exercises of employee stock options ProceedsFromStockOptionsExercised $94.00M USD 3 Qtrs
Proceeds from exercises of employee stock options ProceedsFromStockOptionsExercised $40.00M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $900.00M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $2.88B USD 3 Qtrs
Cash dividends PaymentsOfDividendsCommonStock $618.00M USD 3 Qtrs
Cash dividends PaymentsOfDividendsCommonStock $650.00M USD 3 Qtrs
Tax withholding payments associated with vested share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $44.00M USD 3 Qtrs
Tax withholding payments associated with vested share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.00M USD 3 Qtrs
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-3.00M USD 3 Qtrs
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-5.00M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.57B USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-3.41B USD 3 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 3 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-34.00M USD 3 Qtrs
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-150.00M USD 3 Qtrs
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-412.00M USD 3 Qtrs
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $941.00M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.28B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $529.00M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $941.00M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.28B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $529.00M USD Point-in-time
Stockholders Equity 48 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.98B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.32B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.84B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.44B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.19B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.59B USD Point-in-time
Net (loss) income ProfitLoss $479.00M USD 1 Quarter
Net (loss) income ProfitLoss $644.00M USD 3 Qtrs
Net (loss) income ProfitLoss $-301.00M USD 1 Quarter
Net (loss) income ProfitLoss $1.36B USD 3 Qtrs
Other comprehensive loss, net of income taxes OtherComprehensiveIncomeLossNetOfTax $-134.00M USD 1 Quarter
Other comprehensive loss, net of income taxes OtherComprehensiveIncomeLossNetOfTax $536.00M USD 3 Qtrs
Other comprehensive loss, net of income taxes OtherComprehensiveIncomeLossNetOfTax $-220.00M USD 3 Qtrs
Other comprehensive loss, net of income taxes OtherComprehensiveIncomeLossNetOfTax $532.00M USD 1 Quarter
Shares issued under stock incentive plans StockIssuedDuringPeriodValueStockOptionsExercisedAndAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $56.00M USD 1 Quarter
Shares issued under stock incentive plans StockIssuedDuringPeriodValueStockOptionsExercisedAndAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $6.00M USD 1 Quarter
Shares issued under stock incentive plans StockIssuedDuringPeriodValueStockOptionsExercisedAndAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $40.00M USD 3 Qtrs
Shares issued under stock incentive plans StockIssuedDuringPeriodValueStockOptionsExercisedAndAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $94.00M USD 3 Qtrs
Shares issued under defined contribution plans StockIssuedDuringPeriodValueEmployeeBenefitPlan $48.00M USD 1 Quarter
Shares issued under defined contribution plans StockIssuedDuringPeriodValueEmployeeBenefitPlan $48.00M USD 1 Quarter
Shares issued under defined contribution plans StockIssuedDuringPeriodValueEmployeeBenefitPlan $161.00M USD 3 Qtrs
Shares issued under defined contribution plans StockIssuedDuringPeriodValueEmployeeBenefitPlan $165.00M USD 3 Qtrs
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $100.00M USD 3 Qtrs
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $92.00M USD 3 Qtrs
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $23.00M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $33.00M USD 1 Quarter
Tax withholding payments on share-based awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $6.00M USD 1 Quarter
Tax withholding payments on share-based awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $44.00M USD 3 Qtrs
Tax withholding payments on share-based awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $4.00M USD 3 Qtrs
Tax withholding payments on share-based awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.00M USD 1 Quarter
Repurchases and retirement of common stock StockRepurchasedAndRetiredDuringPeriodValue $171.00M USD 1 Quarter
Repurchases and retirement of common stock StockRepurchasedAndRetiredDuringPeriodValue $900.00M USD 3 Qtrs
Repurchases and retirement of common stock StockRepurchasedAndRetiredDuringPeriodValue $1.32B USD 1 Quarter
Repurchases and retirement of common stock StockRepurchasedAndRetiredDuringPeriodValue $2.88B USD 3 Qtrs
Cash dividends DividendsCommonStockCash $650.00M USD 3 Qtrs
Cash dividends DividendsCommonStockCash $618.00M USD 3 Qtrs
Cash dividends DividendsCommonStockCash $202.00M USD 1 Quarter
Cash dividends DividendsCommonStockCash $215.00M USD 1 Quarter
Other StockholdersEquityOther $3.00M USD 3 Qtrs
Other StockholdersEquityOther $3.00M USD 3 Qtrs
Other StockholdersEquityOther - USD 1 Quarter
Other StockholdersEquityOther $1.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.98B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.32B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.84B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.44B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.19B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.59B USD Point-in-time
Comprehensive Income 40 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $479.00M USD 1 Quarter
Net (loss) income ProfitLoss $644.00M USD 3 Qtrs
Net (loss) income ProfitLoss $-301.00M USD 1 Quarter
Net (loss) income ProfitLoss $1.36B USD 3 Qtrs
Foreign currency translation loss, net of income taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-34.00M USD 1 Quarter
Foreign currency translation loss, net of income taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-120.00M USD 1 Quarter
Foreign currency translation loss, net of income taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-196.00M USD 3 Qtrs
Foreign currency translation loss, net of income taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-37.00M USD 3 Qtrs
Net unrealized loss on hedging derivatives, net of income taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 3 Qtrs
Net unrealized loss on hedging derivatives, net of income taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-14.00M USD 3 Qtrs
Net unrealized loss on hedging derivatives, net of income taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-7.00M USD 1 Quarter
Net unrealized loss on hedging derivatives, net of income taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-12.00M USD 1 Quarter
Net unrecognized gain on postretirement obligations, net of income taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax - USD 1 Quarter
Net unrecognized gain on postretirement obligations, net of income taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax - USD 3 Qtrs
Net unrecognized gain on postretirement obligations, net of income taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $-574.00M USD 3 Qtrs
Net unrecognized gain on postretirement obligations, net of income taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $-576.00M USD 1 Quarter
Other comprehensive (loss) income, recognized during the period OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax $537.00M USD 3 Qtrs
Other comprehensive (loss) income, recognized during the period OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax $-132.00M USD 1 Quarter
Other comprehensive (loss) income, recognized during the period OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax $535.00M USD 1 Quarter
Other comprehensive (loss) income, recognized during the period OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax $-210.00M USD 3 Qtrs
Reclassification adjustments for gains included in net (loss) income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $2.00M USD 1 Quarter
Reclassification adjustments for gains included in net (loss) income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $10.00M USD 3 Qtrs
Reclassification adjustments for gains included in net (loss) income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $1.00M USD 3 Qtrs
Reclassification adjustments for gains included in net (loss) income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $3.00M USD 1 Quarter
Other comprehensive (loss) income, net of income taxes OtherComprehensiveIncomeLossNetOfTax $-134.00M USD 1 Quarter
Other comprehensive (loss) income, net of income taxes OtherComprehensiveIncomeLossNetOfTax $536.00M USD 3 Qtrs
Other comprehensive (loss) income, net of income taxes OtherComprehensiveIncomeLossNetOfTax $-220.00M USD 3 Qtrs
Other comprehensive (loss) income, net of income taxes OtherComprehensiveIncomeLossNetOfTax $532.00M USD 1 Quarter
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.01B USD 1 Quarter
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.89B USD 3 Qtrs
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-435.00M USD 1 Quarter
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $424.00M USD 3 Qtrs
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.00M USD 3 Qtrs
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-4.00M USD 3 Qtrs
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.00M USD 1 Quarter
Total comprehensive (loss) income attributable to L3Harris Technologies, Inc. ComprehensiveIncomeNetOfTax $426.00M USD 3 Qtrs
Total comprehensive (loss) income attributable to L3Harris Technologies, Inc. ComprehensiveIncomeNetOfTax $1.01B USD 1 Quarter
Total comprehensive (loss) income attributable to L3Harris Technologies, Inc. ComprehensiveIncomeNetOfTax $1.90B USD 3 Qtrs
Total comprehensive (loss) income attributable to L3Harris Technologies, Inc. ComprehensiveIncomeNetOfTax $-434.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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