What is L3Harris Technologies's integrated mission systems — goodwill?

L3Harris Technologies (LHX) reported integrated mission systems — goodwill of $7.40B in Q2 2023.

How has L3Harris Technologies's integrated mission systems — goodwill changed year-over-year?

L3Harris Technologies's integrated mission systems — goodwill decreased by 9.5% year-over-year, from $8.17B to $7.40B.

What does integrated mission systems — goodwill mean?

The intangible asset value representing the premium paid for acquisitions within this business segment.

Discontinued — last reported Q2 '23

Integrated Mission Systems — Goodwill

L3Harris Technologies Integrated Mission Systems — Goodwill increased by 0.2% to $7.40B in Q2 2023 compared to the prior quarter. Year-over-year, this metric declined by 9.5%, from $8.17B to $7.40B.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ2 2019

Last reportedQ2 2023

Rolls up toGoodwill

How to read this metric

High levels of goodwill indicate significant past acquisition activity, while changes reflect adjustments to the carrying value of acquired businesses.

Detailed definition

The carrying value of goodwill specifically attributed to the Integrated Mission Systems reporting unit following busine...

Peer comparison

Common in large defense firms that grow through frequent M&A activity.

Metric ID: lhx_segment_integrated_mission_systems_goodwill

Historical Data

10 periods

	Q1 '21	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23
Value	$6.49B	$6.50B	$6.49B	$6.49B	$8.19B	$8.17B	$7.69B	$7.71B	$7.38B	$7.40B
QoQ Change	—	+0.1%	-0.1%	-0.1%	+26.3%	-0.2%	-5.9%	+0.2%	-4.2%	+0.2%
YoY Change	—	—	—	—	+26.2%	+25.8%	+18.5%	+18.9%	-9.9%	-9.5%

Range$6.49B – $8.19B

CAGR+6.0%

Avg YoY Growth+11.6%

Median YoY Growth+18.7%

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Frequently Asked Questions

What is L3Harris Technologies's integrated mission systems — goodwill?: L3Harris Technologies (LHX) reported integrated mission systems — goodwill of $7.40B in Q2 2023.
How has L3Harris Technologies's integrated mission systems — goodwill changed year-over-year?: L3Harris Technologies's integrated mission systems — goodwill decreased by 9.5% year-over-year, from $8.17B to $7.40B.
What does integrated mission systems — goodwill mean?: The intangible asset value representing the premium paid for acquisitions within this business segment.