L3harris Technologies debt and dilution33

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$10,999M

Cash & equivalents

USD millions

$1,521M

Net debt

USD millions

$9,478M

Debt / equity

0.55×

Debt / assets

25.62%

Net debt / EBITDA

× · TTM

1.81×

Debt / FCF

× · TTM

3.92×

Interest coverage

× · TTM

—

Current ratio

1.18×

Diluted shares

Million shares

187.3M shares

Basic shares

Million shares

186.2M shares

Share count growth

-0.43%

Share repurchases

USD millions

$229M

Quarterly data

L3harris Technologies capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jul 3, 2026	10,999	1,521	9,478	0.55×	25.62%	1.81×	3.92×	—	1.18×	187.3	186.2	-0.43%	229
FY 2026 Q1	Apr 3, 2026	11,357	590	10,767	0.58×	27.45%	2.09×	4.39×	—	1.03×	188.1	186.8	-0.9%	296
FY 2025 Q4	Jan 2, 2026	11,116	1,069	10,047	0.57×	26.98%	3.01×	4.14×	—	1.19×	187.8	186.8	-1.72%	156
FY 2025 Q3	Oct 3, 2025	11,842	339	11,503	0.61×	28.87%	2.36×	6.27×	—	1.14×	188.1	187.1	-1.32%	176
FY 2025 Q2	Jun 27, 2025	12,102	482	11,620	0.63×	29.35%	2.44×	5.59×	—	1.04×	187.8	187	-1.42%	253
FY 2025 Q1	Mar 28, 2025	12,252	517	11,735	0.64×	29.7%	2.51×	5.4×	—	1.02×	189.1	188.5	-0.68%	569
FY 2024 Q4	Jan 3, 2025	12,236	615	11,621	0.62×	29.13%	3.62×	5.69×	—	1.08×	190.7	190.08	0.25%	42
FY 2024 Q3	Sep 27, 2024	12,910	539	12,371	0.68×	30.82%	3.93×	7.2×	—	1.04×	190.5	189.6	0.16%	190
FY 2024 Q2	Jun 28, 2024	13,252	547	12,705	0.7×	31.81%	4.37×	8.92×	—	0.9×	190.6	189.7	0.26%	89
FY 2024 Q1	Mar 29, 2024	13,708	477	13,231	0.73×	32.78%	5.1×	11.93×	—	0.98×	190.8	189.8	-0.21%	233
FY 2023 Q4	Dec 29, 2023	13,125	560	12,565	0.7×	31.48%	4.85×	7.97×	—	1.01×	190.6	189.6	-0.52%	0
FY 2023 Q3	Sep 29, 2023	13,536	499	13,037	0.72×	32.01%	4.9×	7.93×	—	0.88×	190.1	189.3	-1.05%	0
FY 2023 Q2	Jun 30, 2023	8,810	366	8,444	0.48×	24.91%	4.86×	4.8×	—	1.09×	190.1	189.2	-1.51%	122
FY 2023 Q1	Mar 31, 2023	9,033	545	8,488	0.49×	25.44%	4.84×	4.1×	—	1.14×	191.2	190.2	-1.55%	396
FY 2022 Q4	Dec 30, 2022	7,045	880	6,165	0.38×	21.01%	2.23×	3.7×	—	1.17×	192	190.6	-2.41%	183
FY 2022 Q3	Sep 30, 2022	7,032	529	6,503	0.38×	21.07%	3.51×	3.74×	—	1.1×	191.3	191.3	-4.11%	171
FY 2022 Q2	Jul 1, 2022	7,046	420	6,626	0.37×	20.64%	2.41×	4×	—	1.27×	194	192.1	-5.65%	421
FY 2022 Q1	Apr 1, 2022	7,060	402	6,658	0.36×	20.5%	—	4.08×	—	1.32×	195.1	193.2	-6.53%	308
FY 2021 Q4	Dec 31, 2021	7,061	941	6,120	0.37×	20.34%	1.42×	3.01×	—	1.4×	197.2	195.3	-6.78%	800
FY 2021 Q3	Oct 1, 2021	7,066	1,126	5,940	0.36×	20.18%	—	3.24×	—	1.54×	201.6	199.5	-6.51%	1,325
FY 2021 Q2	Jul 2, 2021	7,075	2,029	5,046	0.35×	19.62%	—	2.89×	—	1.7×	205.6	203.6	-5.7%	850
FY 2021 Q1	Apr 2, 2021	7,080	976	6,104	0.35×	19.35%	—	2.79×	—	1.78×	208.5	206.7	-4.88%	700
FY 2020 Q4	Jan 1, 2021	6,918	1,276	5,642	0.33×	18.72%	1.77×	2.86×	8.01×	1.57×	211.7	209.5	77.09%	440
FY 2020 Q3	Oct 2, 2020	6,929	1,341	5,588	0.32×	18.65%	—	—	—	1.37×	215.1	213.4	81%	1,150
FY 2020 Q2	Jul 3, 2020	6,941	1,947	4,994	0.31×	18.34%	—	—	—	1.51×	217.8	215.9	83.43%	0
FY 2020 Q1	Apr 3, 2020	7,192	663	6,529	0.33×	18.87%	—	—	—	1.41×	219.3	217.3	84.31%	700
FY 2019 Q4	Jun 28, 2019	3,522	530	2,992	1.05×	34.81%	1.76×	3.44×	8.56×	1.14×	121.1	118.3	0%	0
FY 2019 Q3	Mar 29, 2019	3,521	334	3,187	0.98×	35.96%	—	2.85×	—	1.42×	120.3	117.9	-0.42%	0
FY 2019 Q2	Dec 28, 2018	3,819	343	3,476	1.12×	38.76%	—	5.56×	—	1.27×	120	117.7	-0.68%	0
FY 2019 Q1	Sep 28, 2018	4,009	305	3,704	1.24×	40.54%	—	6.37×	—	1.17×	120.6	117.9	-1.01%	200
FY 2018 Q4	Jun 29, 2018	3,790	288	3,502	1.14×	38.52%	2.54×	6.16×	6.6×	1.24×	121.1	118.3	-1.83%	75
FY 2018 Q3	Mar 30, 2018	4,219	443	3,776	1.34×	41.9%	3.06×	22.09×	6.48×	1.12×	121	118.4	-3.43%	47
FY 2018 Q2	Dec 29, 2017	3,919	422	3,497	1.31×	39.76%	2.78×	7.34×	6.55×	1.22×	120.9	118.5	-4.2%	75
FY 2018 Q1	Sep 29, 2017	3,997	388	3,609	1.34×	39.58%	2.84×	7.99×	6.5×	1.11×	121.2	119.1	-3.87%	75
FY 2017 Q4	Jun 30, 2017	4,030	484	3,546	1.38×	39.94%	2.56×	8.96×	6.24×	1.08×	122.2	120.5	-2.9%	250
FY 2017 Q3	Mar 31, 2017	4,213	302	3,911	1.45×	37.93%	—	5.55×	—	1.66×	124.5	122.6	-1.13%	360
FY 2017 Q2	Dec 30, 2016	4,400	361	4,039	1.39×	37.87%	—	6.45×	—	1.57×	125.4	123.7	-0.08%	0
FY 2017 Q1	Sep 30, 2016	4,486	284	4,202	1.47×	38.09%	—	5.93×	—	1.31×	125.5	123.9	0.32%	100
FY 2016 Q4	Jul 1, 2016	4,517	487	4,030	1.48×	37.65%	2.85×	5.85×	5.77×	1.33×	125.6	124.1	12.18%	0
FY 2016 Q3	Apr 1, 2016	4,793	302	4,491	1.42×	40.28%	—	5.73×	—	1.42×	125.1	124	19.58%	0
FY 2016 Q2	Jan 1, 2016	5,026	511	4,515	1.55×	41.55%	—	5.59×	—	1.33×	123.8	123.8	19.15%	0
FY 2016 Q1	Oct 2, 2015	5,081	320	4,761	1.47×	40.44%	—	7.21×	—	1.63×	124.7	123.5	18.07%	0
FY 2015 Q4	Jul 3, 2015	5,216	481	4,735	1.53×	39.73%	—	7.39×	—	1.54×	111.72	110.62	—	1.2
FY 2015 Q3	Apr 3, 2015	1,603.1	487.7	1,115.4	0.87×	33.16%	—	2.59×	—	1.93×	104.8	103.7	-2.35%	1
FY 2015 Q2	Jan 2, 2015	1,651.1	469.5	1,181.6	0.91×	34.41%	—	2.81×	—	1.89×	104.9	103.9	-2.26%	52.1
FY 2015 Q1	Sep 26, 2014	1,629.4	449.1	1,180.3	0.91×	33.69%	—	3.02×	—	1.78×	105.8	104.6	-1.69%	111.7
FY 2014 Q4	Jun 27, 2014	1,635.5	561	1,074.5	0.9×	33.17%	—	2.56×	—	1.79×	107	—	—	87.3
FY 2014 Q3	Mar 28, 2014	1,658.5	349.6	1,308.9	0.92×	33.45%	—	2.79×	—	1.75×	107.4	106.2	-3.98%	65.3
FY 2014 Q2	Dec 27, 2013	1,675.5	334.4	1,341.1	0.98×	34.31%	—	2.53×	—	1.71×	107.3	106.3	-5.34%	50.1
FY 2014 Q1	Sep 27, 2013	1,670.6	337.2	1,333.4	1.02×	34.94%	—	2.3×	—	1.66×	107.3	106.4	-4.92%	106.7
FY 2013 Q4	Jun 28, 2013	1,735.1	321	1,414.1	1.11×	35.71%	—	2.6×	—	1.5×	108.5	—	—	140.3
FY 2013 Q3	Mar 29, 2013	1,925	459	1,466	1.15×	37.92%	—	2.73×	—	1.47×	111.2	110.6	-1.51%	160.4
FY 2013 Q2	Dec 28, 2012	1,929.9	328.1	1,601.8	1.06×	36.82%	—	2.86×	—	1.94×	112.9	112.3	-0.09%	50.3
FY 2013 Q1	Sep 28, 2012	1,978.1	326.8	1,651.3	1.07×	36.94%	—	2.74×	—	1.88×	112.6	111.9	-5.81%	63.9
FY 2012 Q4	Jun 29, 2012	2,047.2	356	1,691.2	1.05×	36.6%	—	3.18×	—	1.84×	112.7	—	—	25.1
FY 2012 Q3	Mar 30, 2012	2,237.3	299	1,938.3	1.18×	39.61%	—	4.69×	—	1.47×	112.3	112.3	-10.16%	25.2
FY 2012 Q2	Dec 30, 2011	2,433.4	387	2,046.4	1.08×	39.43%	—	6.08×	—	1.34×	112.8	112.4	-10.72%	17
FY 2012 Q1	Sep 30, 2011	2,452.2	305.4	2,146.8	1.13×	40%	—	9.24×	—	1.26×	119.4	118.8	-6.31%	406.2
FY 2011 Q4	Jul 1, 2011	2,072.1	366.9	1,705.2	0.82×	33.57%	—	3.97×	—	1.55×	124.5	—	—	100.1
FY 2011 Q3	Apr 1, 2011	2,073.4	885.1	1,188.3	0.83×	34.39%	—	4.34×	—	2.01×	126	125	-4.14%	50.3
FY 2011 Q2	Dec 31, 2010	1,907	740.8	1,166.2	0.8×	33.65%	—	3.08×	—	2.22×	126.8	125.9	-3.82%	50.2
FY 2011 Q1	Oct 1, 2010	1,452.1	341.4	1,110.7	0.63×	27.89%	—	1.92×	—	1.36×	127.7	126.8	-3.79%	55.5
FY 2010 Q4	Jul 2, 2010	1,207.3	455.2	752.1	0.55×	25.5%	—	1.97×	—	1.91×	126.1	—	—	52.3
FY 2010 Q3	Apr 2, 2010	1,177.5	405.7	771.8	0.56×	25.44%	—	—	—	1.89×	130.7	130.4	—	50.2
FY 2010 Q2	Jan 1, 2010	1,222.6	310.2	912.4	0.61×	26.99%	—	—	—	1.85×	131.3	130.9	—	50.2
FY 2010 Q1	Oct 2, 2009	1,202.9	231.1	971.8	0.63×	27.39%	—	—	—	1.83×	131.9	131.8	—	55.3

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · LHX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.