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L3Harris Technologies Balance Sheet Statement

Assets, liabilities, and shareholders' equity

L3Harris Technologies holds $41.4B in total assets. Shareholders' equity is $19.7B against $11.7B in total debt. Cash and equivalents total $590.0M. The current ratio is 1.03 and debt-to-equity is 0.595. Based on the Q2 2026 filing.

Total Assets$41.4BTotal Stockholders Equity$19.7BLong Term Debt$11.0BCash And Equivalents$590.0MTotal Current Assets$8.9BTotal Current Liabilities$8.6B
Latest FilingQ2 2026
Report Date2026-04-30
Market Cap$58.1B
P/E Ratio33.56
ROE8.93%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.0B$2.0B$2.0B$1.9B$2.5B$1.9B
Accrued Manufacturing Costs$419.0M$314.0M$444.0M$486.0M$482.0M$391.0M
Compensation and benefits$419.0M$314.0M$444.0M$486.0M$482.0M$391.0M
Other accrued liabilities$2.3B$1.7B$1.4B$1.3B$1.2B$1.3B
Current portion of long-term debt$515.0M$535.0M$985.0M$725.0M$0.0$350.0M
Current Portion of Long-Term Debt and Finance Lease Obligations$640.0M$740.0M$141.0M$120.0M$673.0M$1.8B
Deferred revenue$2.1B$2.1B$2.3B$2.2B$2.3B$2.7B
Finance Lease Liability, Current$32.0M———$10.0M—
Liabilities held for sale$235.0M$0.0$0.0$0.0$113.0M$111.0M
Short-term borrowings$515.0M$535.0M$985.0M$725.0M$0.0$350.0M
Total current liabilities$7.6B$7.4B$7.3B$6.6B$7.2B$8.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.1B$1.5B$1.4B$1.5B$1.4B$1.9B
Assets held for sale$1.1B$0.0$0.0$0.0$884.0M$926.0M
Cash and cash equivalents$615.0M$517.0M$482.0M$339.0M$1.1B$590.0M
Contract assets$3.2B$3.6B$3.9B$3.7B$3.6B$3.5B
Finished goods$211.0M$198.0M$258.0M$268.0M$243.0M$232.0M
Materials and supplies$787.0M$705.0M$677.0M$696.0M$685.0M$693.0M
Other current assets$461.0M$478.0M$481.0M$477.0M$484.0M$702.0M
Work in process$332.0M$349.0M$323.0M$327.0M$291.0M$309.0M
Inventories$1.3B$1.3B$1.3B$1.3B$1.2B$1.2B
Total current assets$8.2B$7.6B$7.6B$7.6B$8.6B$8.9B
Trading Securities in Marketable Securities$55.0M———$82.0M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$1.6B———$887.0M—
Deferred Tax Assets and Other Non-Current Assets$461.0M$3.0B$3.2B$3.1B$393.0M$3.4B
Deferred Tax Assets - Tax Credit Carryforwards$165.0M———$189.0M—
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$55.0M———$82.0M—
Goodwill$20.3B$20.3B$20.4B$20.4B$20.0B$20.0B
Investments - Amortized Cost Basis$55.0M———$82.0M—
Deferred tax assets$120.0M$128.0M$89.0M$87.0M$76.0M$71.0M
Prepaid pension assets$986.0M———$1.4B—
Intangible assets — net$5.8B$5.6B$5.5B$5.3B$4.7B$4.5B
Other intangible assets—net$7.6B$7.4B$7.3B$7.1B$6.5B$6.3B
Other non-current assets$2.9B$3.0B$3.2B$3.1B$3.3B$3.4B
Property, plant and equipment, net$2.8B$2.8B$2.7B$2.8B$2.7B$2.7B
Software and Technology Licenses, Net$2.9B$3.0B$3.2B$3.1B$3.3B$3.4B
Total assets$42.0B$41.2B$41.2B$41.0B$41.2B$41.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)$27.0M-$14.0M$31.0M$22.0M$119.0M$98.0M
AOCI - Defined Benefit Plan Net Gains/Losses$331.0M———$362.0M—
AOCI - Defined Benefit Plan Prior Service Cost-$142.0M———-$109.0M—
Additional paid-in capital$15.6B$15.2B$15.1B$15.2B$15.1B$15.0B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$190.0M$188.0M$187.0M$187.0M$187.0M$187.0M
Retained earnings$3.7B$3.8B$4.0B$4.2B$4.2B$4.4B
Share Repurchase Program - Amount Remaining$3.4B$2.8B——$2.2B$1.9B
Total liabilities and stockholders' equity$42.0B$41.2B$41.2B$41.0B$41.2B$41.4B
Total stockholders' equity$19.5B$19.1B$19.3B$19.5B$19.6B$19.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$91.0M$105.0M$103.0M$94.0M$108.0M$88.0M
Defined Benefit Pension Plan Liabilities (Non-Current)$187.0M———$183.0M—
Deferred Tax Liabilities - Leasing Arrangements$188.0M———$211.0M—
Long-term debt$11.7B$11.7B$11.1B$11.1B$11.1B$11.0B
Long-Term Debt and Finance Lease Obligations$11.1B$11.0B$11.0B$11.0B$10.4B$9.2B
Deferred revenue, net of current portion$91.0M$105.0M$103.0M$94.0M$108.0M$88.0M
Retirement and nonpension postretirement benefit obligations$187.0M———$183.0M—
Other non-current liabilities$2.8B$2.9B$2.9B$2.8B$2.8B$2.7B
Total Carrying Value of Debt$11.5B$11.5B$10.9B$10.9B$10.9B$10.8B
Total liabilities$22.4B$22.1B$22.0B$21.5B$21.6B$21.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Funded Status$789.0M———$1.2B—
Common stock, par value (in dollars per share)$1.00$1.00$1.00$1.00$1.00$1.00
Common stock, shares authorized (in shares)500M500M500M500M500M500M
Common stock, shares issued (in shares)189.8M187.6M186.9M187.2M186.8M186.6M
Common Stock, Shares, Outstanding189.8M187.6M186.9M187.2M186.8M186.6M
Contract With Customer, Asset, Net Of Liability, Current$997.0M$1.4B$1.4B$1.4B$1.2B$706.0M
Contractual Obligation$1.2B———$1.8B—
Contractual Obligation, to be Paid, Year One$857.0M———$1.1B—
Long-term debt, gross$11.5B$11.5B$10.9B$10.9B$10.9B$10.8B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$43.0M——$43.0M$43.0M$43.0M
Weighted Average Interest Rate (as a percent)4.7%—4.7%4.3%—4.2%
Fair value of deferred compensation plan liabilities$367.0M$341.0M$378.0M$418.0M$446.0M$414.0M
Fair value of deferred compensation plan assets$260.0M$251.0M$273.0M$289.0M$293.0M$284.0M
Deferred Tax Liabilities, Gross$3.6B———$3.3B—
Deferred income taxes$942.0M$842.0M$800.0M$1.0B$1.1B$1.2B
Operating lease obligation$212.0M———$231.0M—
Capitalized research and experimental expenditures$1.7B———$1.2B—
Deferred Tax Assets, Net of Valuation Allowance$2.8B———$2.2B—
Tax loss and credit carryforwards$249.0M———$222.0M—
Deferred Tax Assets, Operating Loss Carryforwards$81.0M———$37.0M—
Temporary differences related to Texas Margin Tax$396.0M———$407.0M—
Deferred Tax Assets, Valuation Allowance$238.0M———$260.0M—
Deferred Tax Liabilities, Net$822.0M———$1.0B—
Deferred Tax Liabilities, Deferred Revenue On Long-Term Contracts$913.0M———$677.0M—
Federal and state intangible assets$2.0B———$1.8B—
Deferred Tax Liabilities, Other$109.0M———$93.0M—
Deferred Tax Liabilities, Pension And Other Post-Employment Benefits$196.0M———$297.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$216.0M———$204.0M—
Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax-$473.0M———-$471.0M—
2030$622.0M———$496.0M—
2026$649.0M———$505.0M—
2028$633.0M———$493.0M—
2031 — 2035$3.0B———$2.4B—
2029$628.0M———$497.0M—
2027$634.0M———$492.0M—
Less: Fair value of plan assets at end of period$8.6B———$7.5B—
Cost not yet recognized$20.0M———$20.0M—
Equity method investments (Note 11)$62.0M———$88.0M—
Trading securities, cost$55.0M———$82.0M—
Current maturities of long-term debt$32.0M———$10.0M—
Finance Lease Liability Payments Due$320.0M———$310.0M—
Finance Lease Liability Payments Due After Year Five$208.0M———$193.0M—
2027$40.0M———$19.0M—
Finance Lease Liability Payments Due Year Five$18.0M———$42.0M—
Finance Lease Liability Payments Due Year Four$19.0M———$19.0M—
Finance Lease Liability Payments Due Year Three$17.0M———$19.0M—
Finance Lease Liability Payments Due Year Two$18.0M———$18.0M—
Finance Lease Liability Undiscounted Excess Amount$82.0M———$79.0M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$202.0M———$192.0M—
Finance lease obligations and other$288.0M$283.0M$284.0M$284.0M$283.0M$274.0M
Thereafter—————$2.3B
Finite-Lived Intangible Assets, Accumulated Amortization$4.0B$4.2B$4.4B$4.6B$4.7B$4.8B
2028$671.0M———$532.0M$459.0M
2030$489.0M———$403.0M$386.0M
Remainder of 2026—————$458.0M
2027$768.0M———$632.0M$531.0M
2029$562.0M———$459.0M$403.0M
Gross Carrying Amount$9.9B$9.9B——$9.4B$9.4B
Milestone payments, percentage of contract price————100.0%—
Monthly progress payments, percentage of costs incurred————80.0%—
Goodwill accumulated impairment losses$1.6B———$887.0M—
Goodwill, pre-alignment$20.3B—————
Indefinite- lived intangible impairment$11.7B$11.7B$11.7B$11.7B$11.2B$11.2B
Long-Term Debt and Lease Obligation$11.1B$11.0B$11.0B$11.0B$10.4B$9.2B
Number of countries in which Visa operates (more than)10000.0%———10000.0%—
Number of treatment or disposal sites not owned27.00———28.00—
Number Of Segment Capability Areas—————4.00
Number of sites associated with former locations or current operation locations7100.0%———7300.0%—
Number of sites with future environmental liabilities111.00———113.00—
Number of sites owned13.00———12.00—
Options Exercisable With In One Year From Grant Date$0.3———$0.3—
Options Exercisable With In Three Year From Grant Date$0.3———$0.3—
Options Exercisable With In Two Year From Grant Date$0.3———$0.3—
Current pension and PRB liabilities (included in Accrued employee compensation)$18.0M———$18.0M—
Preferred Stock, Shares Authorized1M———1M1M
Preferred Stock, Shares Issued0———00
Preferred Stock, Shares Outstanding0———00
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$34.2B$33.2B$35.4B$36.3B$38.7B$40.7B
Remaining performance obligation, funded backlog$23.3B———$26.9B—
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number1.9M———1.3M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number2.5M———2M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$191.09———$202.70—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$55.0M———$202.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$183.03———$199.18—
Share Based Compensation Arrangements By Share Based Payment Award Options Exercisable Intrinsic Value$55.0M———$136.0M—
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares635K———691K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price$52.54———$50.43—
Share Repurchase Program, Remaining Authorized, Amount$3.4B$2.8B——$2.2B$1.9B
Unrecorded Unconditional Purchase Obligation$228.0M———$1.1B—
Weighted-Average Discount Rate - Finance Leases4.4%———4.2%—