What does SMS — currency translation adjustments mean?

Reflects the cumulative impact of foreign exchange rate fluctuations on the net assets of international operations within the Space and Mission Systems segment. These adjustments are recorded in equity to account for the conversion of foreign-denominated financial statements into the reporting currency.

L3Harris Technologies LHX SMS — Currency translation adjustments

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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:GoodwillForeignCurrencyTranslationGainLoss.

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

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What is L3Harris Technologies's SMS — currency translation adjustments?: L3Harris Technologies (LHX) reported SMS — currency translation adjustments of -$5M in Q1 2026.
What does SMS — currency translation adjustments mean?: Reflects the cumulative impact of foreign exchange rate fluctuations on the net assets of international operations within the Space and Mission Systems segment. These adjustments are recorded in equity to account for the conversion of foreign-denominated financial statements into the reporting currency.