What does SMS — accumulated goodwill impairment loss mean?

The total historical reduction in the carrying value of goodwill within the Space and Mission Systems segment due to impairment testing. This metric highlights past instances where the acquired business value fell below its recorded book value.

L3Harris Technologies LHX SMS — Accumulated goodwill impairment loss

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Other financials

Income statement

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Revenue$5.7B+11.9%

Gross profit$1.4B+3.9%

Operating income$652.0M+24.2%

Net income$512.0M+32.6%

EPS (diluted)$2.72+33.3%

Balance sheet

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Cash & equivalents$590.0M+14.1%

Total debt$11.4B-7.3%

Total equity$19.7B+2.9%

Total assets$41.4B+0.3%

Cash flow

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Operating cash flow-$95.0M-126%

CapEx$99.0M+67.8%

Free cash flow-$194.0M-92.1%

Valuation

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Market cap$53.75B+15.2%

Enterprise value$64.52B+10.5%

P/E31×+2.0×

P/S1.4×+0.1×

Profitability

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Gross margin25.5%-0.6pp

Operating margin10.2%+1.0pp

Net margin4.5%+0.1pp

FCF margin6.7%+0.6pp

Returns & leverage

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Return on equity8.9%+0.4pp

Debt / equity0.6×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: L3Harris Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's SMS — accumulated goodwill impairment loss?: L3Harris Technologies (LHX) reported SMS — accumulated goodwill impairment loss of $120M in Q1 2026.
What does SMS — accumulated goodwill impairment loss mean?: The total historical reduction in the carrying value of goodwill within the Space and Mission Systems segment due to impairment testing. This metric highlights past instances where the acquired business value fell below its recorded book value.