Item 7.01 Regulation FD Disclosure.
The information contained in this Current Report on Form 8-K that is furnished
under this Item 2.02 and 7.01, including the accompanying Exhibit 99.1, is being
furnished pursuant to Item 2.02 and 7.01 of Form 8-K and shall not be deemed to
be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liability of that
section. The information contained in this Current Report on Form 8-K that is
furnished under this Item 2.02 and 7.01, including the accompanying Exhibit
99.1, shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Exchange Act, whether made before or
after the date hereof, except as shall be expressly set forth by specific
reference in such a filing.
Segment Reorganization
On January 3, 2022, L3Harris Technologies, Inc. ("L3Harris" or the "Company")
issued a press release announcing that it has streamlined its business segments
from four business segments to three business segments. As a result of the
segment reorganization, the Aviation Systems segment was eliminated as a
business segment. Effective for fiscal 2022, which began January 1, 2022, the
Company will report its financial results in the following three reportable
segments:
• Integrated Mission Solutions, including multi-mission intelligence,
surveillance and reconnaissance systems; integrated electrical and electronic
systems for maritime platforms; advanced electro-optical and infrared solutions;
defense aviation; commercial aviation products; and commercial pilot training
operations;
• Space & Airborne Systems, including space payloads, sensors and full-mission
solutions; classified intelligence and cyber defense; avionics; electronic
warfare; and mission networks for air traffic management operations; and
• Communication Systems, including tactical communications with global
communications solutions; broadband communications; integrated vision solutions;
and public safety radios, system applications and equipment.

The Company's new business segment structure reflects that the ongoing
operations that had been part of the Aviation Systems segment were integrated
into the remaining segments. Defense aviation, commercial aviation products and
commercial pilot training operations were moved into the Integrated Mission
Solutions segment; and mission networks for air traffic management operations
was moved into the Space & Airborne Systems segment.

New Accounting Policy - Pension and Other Postretirement Income or Expense
Effective with fiscal 2022, the Company updated its segment reporting and
accounting policies for pension and other postretirement plan ("OPEB") income or
expense to better align its presentation of business segment information with
industry peers. The Company's business segment operating results will include
only pension and OPEB cost under U.S. Government Cost Accounting Standards
("CAS"). Because CAS pension and OPEB cost is allocable to and allowable under
contracts with the U.S. Government, it will be recognized in each business
segment's revenue and cost of sales. The Company will no longer assign or
allocate Financial Accounting Standards ("FAS") pension and OPEB income or
expense to its business segments. U.S. generally accepted accounting principles
("GAAP") require pension and OPEB income or expense to be recognized on a FAS
basis. Therefore, the Company will present a "FAS/CAS operating adjustment"
outside of business segment results, representing the difference between the
service cost component of FAS pension and OPEB income or expense and total CAS
pension and OPEB cost or expense. The non-service cost components of FAS pension
and OPEB income or expense will continue to be included as a component of
non-operating income or expense.

L3Harris' consolidated financial statements for periods ending after December
31, 2021 will reflect the Company's new business segment structure and
adjustments to segment operating income, including reclassification of all
comparative prior period segment information in order to present all segment
information on a comparable basis. The historical results of divested businesses
through the date of divestiture will be classified within the "other
non-reportable business" line item in the company's segment reporting.

Supplemental Information
The Company is providing Exhibit 99.1 to this Current Report on Form 8-K, as
supplemental information, unaudited historical business segment information for
each quarter of the Company's fiscal transition period and fiscal 2020 and for
each of the first three quarters of fiscal 2021 as reclassified to reflect the
new business segment structure and adjustments to segment operating income for
pension and OPEB income/cost as described above. Exhibit 99.1 is furnished
herewith and is incorporated herein by reference. The segment reorganization and
change to pension and OPEB income/cost has no impact to the Company's previously
reported consolidated statements of income, balance sheets, statements of cash
flows, statements of comprehensive income or statements of shareholders' equity.
The Company did not operate under the realigned segment structure for any of
these prior periods. The information in this Current Report on Form 8-K,
including Exhibit 99.1, should be read in conjunction with the Company's Annual

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Report on Form 10-K for fiscal 2020 and the Company's Quarterly Reports on Form
10-Q for the fiscal quarters ended April 2, 2021, July 2, 2021 and October 1,
2021, which reports have previously been filed with the Securities and Exchange
Commission.
Non-GAAP Financial Measures
Exhibit 99.1 includes a discussion of non-GAAP financial measures, including:
additional measures of income from continuing operations, net income, net income
margin, segment operating income (loss) and segment operating income (loss)
margin provided to supplement our selected historical financial information
calculated in accordance with GAAP. L3Harris management believes that these
non-GAAP financial measures, when considered together with the GAAP financial
measures, provide information that is useful to investors in understanding
period-over-period operating results separate and apart from items that may, or
could, have a disproportionately positive or negative impact on results in any
particular period. L3Harris management also believes that these non- GAAP
financial measures enhance the ability of investors to analyze L3Harris'
business trends and to understand L3Harris' performance. In addition, L3Harris
may utilize non-GAAP financial measures as guides in its forecasting, budgeting,
and long-term planning processes and to measure operating performance for some
management compensation purposes. Any analysis of non- GAAP financial measures
should be used only in conjunction with results presented in accordance with
GAAP. The notes accompanying Table 2 provide a reconciliation of these non-GAAP
financial measures with the most directly comparable financial measures
calculated in accordance with GAAP.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



The following exhibit is furnished herewith:
Exhibit Number          Description
99.1                      L3Harris Technologies, Inc. Historical Business

Segment Information as


                        Reclassified for Segment Changes and Historical

Business Segment Information as


                        Reclassified for Segment Changes Reconciliation of

Non-GAAP Financial Measures


                        and Regulation G Disclosure (furnished pursuant to Item 2.02 and Item 7.01)
104                     Cover Page Interactive Data File formatted in Inline XBRL

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