Harris Corporation Reports Solid Fiscal 2018 Second Quarter Results with Strong Revenue Growth
(A)Certain amounts reclassified to conform with current
period presentation of our former government IT services business as
discontinued operations
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Table 6
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HARRIS CORPORATION
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FY '18 Second Quarter Summary
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RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
|
Operating Income and Operating Margin
|
(Unaudited)
|
|
|
|
|
|
Quarter Ended
|
|
|
Two Quarters Ended
|
|
|
|
|
December 29, 2017
|
|
|
December 29, 2017
|
|
|
|
|
As Reported
|
|
|
Adjustment(B)
|
|
|
Non-GAAP
|
|
|
As Reported
|
|
|
Adjustment(B)
|
|
|
Non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions)
|
Revenue
|
|
|
|
$
|
1,535
|
|
|
|
$
|
—
|
|
|
$
|
1,535
|
|
|
|
$
|
2,948
|
|
|
|
$
|
—
|
|
|
$
|
2,948
|
|
Operating income
|
|
|
|
$
|
272
|
|
|
|
$
|
12
|
|
|
$
|
284
|
|
|
|
$
|
544
|
|
|
|
$
|
12
|
|
|
$
|
556
|
|
Operating margin
|
|
|
|
|
17.7
|
%
|
|
|
|
|
|
|
18.5
|
%
|
|
|
|
18.5
|
%
|
|
|
|
|
|
|
18.9
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
|
|
|
Two Quarters Ended
|
|
|
|
|
December 30, 2016 (A)
|
|
|
December 30, 2016 (A)
|
|
|
|
|
As Reported
|
|
|
Adjustment (C)
|
|
|
Non-GAAP
|
|
|
As Reported
|
|
|
Adjustment (C)
|
|
|
Non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions)
|
Revenue
|
|
|
|
$
|
1,449
|
|
|
|
$
|
—
|
|
|
$
|
1,449
|
|
|
|
$
|
2,869
|
|
|
|
$
|
—
|
|
|
$
|
2,869
|
|
Operating income
|
|
|
|
$
|
277
|
|
|
|
$
|
13
|
|
|
$
|
290
|
|
|
|
$
|
523
|
|
|
|
$
|
30
|
|
|
$
|
553
|
|
Operating margin
|
|
|
|
|
19.1
|
%
|
|
|
|
|
|
|
20.0
|
%
|
|
|
|
18.2
|
%
|
|
|
|
|
|
|
19.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|