L3Harris Technologies Inc 2025年季度报告

For Second Quarter 2025TABLE OF CONTENTS Part I. Financial Information: ITEM4.Controls and Procedures PartII. Other Information:Legal ProceedingsITEM1A.Risk FactorsUnregistered Sales of Equity Securitiesand Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibits You should not place undue reliance on forward-looking statements, which reflect our management’s currentexpectations, estimates, projections and assumptions and information currently available to our management as of the date of filing of this Report and are not guarantees of future performance or actual results. Important risks thatcould cause our results to differ materially from those expressed in or implied by these forward-looking statementsor from our historical results include, but are not limited to, risks arising from: our dependence on competitivemarkets from U.S. Government customers; changes in contract mix; inflation; unilateral contract action by the U.S.Government; uncertain economic conditions; future geopolitical events; supply chain disruptions; impact of LHXNeXt costs and savings; indebtedness; commercial paper balances; defined benefit plan liability and returns; interest person acting on our behalf are qualified by the cautionary statements in this section, and we have no duty anddisclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements,whether as a result of new information, future events or developments or otherwise, after the date of filing of thisReport or, in the case of any document incorporated by reference, the date of that document._____________________________________________________________________ Repurchases and retirement of common stockEnding balance Retained EarningsBeginning balance 3,7873,2393,739Net income and other458365844Repurchases and retirement of common stock(50)(15)(160)Cash dividends(225)(221)(453) Accumulated Other Comprehensive Income (Loss)Beginning balance(14)(234)27Other comprehensive income (loss), net of income45—4Ending balance31(234)31 Net income and other1—(2)Ending balance—64—Total Equity$19,278$18,904$19,278$Cash dividends per share$1.20$1.16$2.40$ See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited). _____________________________________________________________________ 7 Principles of ConsolidationThe accompanying Condensed Consolidated Financial Statements include the accounts of L3Harris Technologies, “Notes”), the terms “L3Harris,” “Company,” “we,” “our” and “us” refer to L3Harris Technologies, Inc. andits consolidated subsidiaries. Intercompany transactions and accounts have been eliminated.The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with U.S.generally accepted accounting principles (“GAAP”) for interim financial information and with the rules and do not include all information and footnotes necessary for a complete presentation of financial condition, results ofoperations, cash flows and equity in conformity with GAAP for annual financial statements and are not necessarilyindicative of the results that may be expected for the full fiscal year or any subsequent period.In the opinion of management, these interim financial statements reflect all adjustments (including normal Statements should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended January3,2025 (our “Fiscal 2024 Form 10-K”). Our fiscal year is based on a 52- or 53-week period ending on the Friday nearest December 31. The fiscalquarters ended June27, 2025 (“second quarter 2025”) and June28, 2024 (“second quarter 2024”) both include13 weeks. The year-to-date periods ended June27, 2025 (“year to date 2025”) and June28, 2024 (“year to date networks; and Commercial Aviation Solutions (“CAS disposal group”), which includes aviation products and pilot training operations and was divested on March28, 2025; andSpace & Airborne Systems (“SAS”):Satellites and space payloads, sensors and full-mission solutions; classified intelligence and cyber; airborne combat systems; and mission networks for air traffic management operations; and Aerojet Rocketdyne (“AR”):Missile solutions with propulsion technologies for strategic defense, missile space and exploration missions.Business realignment.Effective in first quarter 2025, we realigned our fuzing and ordnance (“FOS”) business from our IMS segment to our AR segment. Information on the reallocation of goodwill in connection with therealignment can be found under the “Reallocation of Goodwill in Business Realignment” heading inNote E:Goodwill and Intangible Assetsin ourForm 10-Q for first quarter 2025, which is incorporated herein by reference. resulting from these changes. Use of Estimates assumptions that affect the amounts reported in the accompanying Condensed Consolidated Financial Statementsand these Notes and related disclosures. These estimates and ass