L3harris Technologies, Inc 10-Q for FY2020 Q3

L3harris Technologies, Inc. (LHX)

10-Q 2020-11-02 For: 2020-10-02

Added on April 10, 2026

About this 10-Q

L3harris Technologies, Inc filed this 10-Q on November 2, 2020, covering the quarter ended October 2, 2020 (FY2020 Q3).

Headline figures

Quarter ended October 2, 2020, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $4.46B; up 0.7% from $4.43B a year earlier
Net income: $426M; down 0.7% from net income of $429M a year earlier
Diluted EPS: $1.98; up 4.2% from $1.90 a year earlier

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Delaware									34-0276860
(State or other jurisdiction of incorporation or organization)									(I.R.S. Employer Identification No.)


			Page No.
Part I. Financial Information:
Item 1. Financial Statements (Unaudited):
Condensed Consolidated Statement of Income for the Quarter and Three Quarters Ended October 2, 2020 and September 27, 2019			1
Condensed Consolidated Statement of Comprehensive Income for the Quarter and Three Quarters Ended October 2, 2020 and September 27, 2019			2
Condensed Consolidated Balance Sheet at October 2, 2020 and January 3, 2020			3
Condensed Consolidated Statement of Cash Flows for the Three Quarters Ended October 2, 2020 and September 27, 2019			4
Condensed Consolidated Statement of Equity for the Quarter and the Three Quarters Ended October 2, 2020 and September 27, 2019			5
Notes to Condensed Consolidated Financial Statements			6
Report of Independent Registered Public Accounting Firm			30
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			31
Item 3. Quantitative and Qualitative Disclosures About Market Risk			55
Item 4. Controls and Procedures			56

Part II. Other Information:
Item 1. Legal Proceedings			57
Item 1A. Risk Factors			57
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			58
Item 3. Defaults Upon Senior Securities			59
Item 4. Mine Safety Disclosures			59
Item 5. Other Information			59
Item 6. Exhibits			60

Signature			61


	Quarter Ended				Three Quarters Ended
(In millions, except per share amounts)	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019

Revenue from product sales and services	$	4,463	$	4,431	$	13,534	$	8,024
Cost of product sales and services	(3,152)		(3,242)		(9,625)		(5,604)
Engineering, selling and administrative expenses	(817)		(999)		(2,484)		(1,658)
Business divestiture-related (losses) gains	(10)		229		(62)		229
Impairment of goodwill and other assets	—		—		(394)		—
Non-operating income	96		79		296		173
Interest income	4		9		12		10
Interest expense	(66)		(67)		(202)		(149)
Income from continuing operations before income taxes	518		440		1,075		1,025
Income taxes	(87)		(5)		(171)		(78)
Income from continuing operations	431		435		904		947
Discontinued operations, net of income taxes	(1)		—		(2)		(1)
Net income	430		435		902		946
Noncontrolling interests, net of income taxes	(4)		(6)		24		(6)
Net income attributable to L3Harris Technologies, Inc.	$	426	$	429	$	926	$	940

Amounts attributable to L3Harris Technologies, Inc. common shareholders
Income from continuing operations	$	427	$	429	$	928	$	941
Discontinued operations, net of income taxes	(1)		—		(2)		(1)
Net income	$	426	$	429	$	926	$	940

Net income per common share attributable to L3Harris Technologies, Inc. common shareholders
Basic
Continuing operations	$	2.00	$	1.93	$	4.31	$	6.25
Discontinued operations	—		—		(0.01)		—
	$	2.00	$	1.93	$	4.30	$	6.25
Diluted
Continuing operations	$	1.99	$	1.90	$	4.27	$	6.13
Discontinued operations	(0.01)		—		(0.01)		—
	$	1.98	$	1.90	$	4.26	$	6.13


Basic weighted average common shares outstanding	213.4		222.6		215.5		150.6
Diluted weighted average common shares outstanding	215.1		225.4		217.3		153.5


	Quarter Ended				Three Quarters Ended
(In millions)	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019

Net income	$	430	$	435	$	902	$	946
Other comprehensive income (loss):
Foreign currency translation gain (loss), net of income taxes	32		(25)		(28)		(24)
Net unrealized gain (loss) on hedging derivatives, net of income taxes	5		(38)		(55)		(57)
Net unrecognized loss on postretirement obligations, net of income taxes	—		—		—		(478)
Other comprehensive income (loss) recognized during the period	37		(63)		(83)		(559)
Less: reclassification adjustments for (gains) losses included in net income	(3)		14		1		14
Other comprehensive income (loss), net of income taxes	34		(49)		(82)		(545)
Total comprehensive income	464		386		820		401
Comprehensive (income) loss attributable to noncontrolling interests	(4)		(6)		24		(6)
Total comprehensive income attributable to L3Harris Technologies, Inc.	$	460	$	380	$	844	$	395


(In millions, except shares)	October 2, 2020		January 3, 2020

Assets
Current Assets
Cash and cash equivalents	$	1,341	$	824
Receivables	1,128		1,216
Contract assets	2,416		2,459
Inventories	894		1,219
Income taxes receivable	197		202
Other current assets	383		392
Assets of disposal group held for sale	34		—
Total current assets	6,393		6,312
Non-current Assets
Property, plant and equipment	2,047		2,117
Operating lease right-of-use assets	878		837
Goodwill	18,992		20,001
Other intangible assets	8,172		8,458
Deferred income taxes	116		102
Other non-current assets	547		509
Total non-current assets	30,752		32,024
	$	37,145	$	38,336
Liabilities and Equity
Current Liabilities
Short-term debt	$	2	$	3
Accounts payable	1,207		1,261
Contract liabilities	1,089		1,214
Compensation and benefits	411		460
Other accrued items	1,239		790
Income taxes payable	37		24
Current portion of long-term debt, net	666		257
Liabilities of disposal group held for sale	15		—
Total current liabilities	4,666		4,009
Non-current Liabilities
Defined benefit plans	1,583		1,819
Operating lease liabilities	737		781
Long-term debt, net	6,261		6,694
Deferred income taxes	1,402		1,481
Other long-term liabilities	1,057		808
Total non-current liabilities	11,040		11,583
Equity
Shareholders’ Equity:
Preferred stock, without par value; 1,000,000 shares authorized; none issued	—		—
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 210,004,233 shares at October 2, 2020 and 218,226,614 shares at January 3, 2020	210		218
Other capital	19,310		20,694
Retained earnings	2,383		2,183
Accumulated other comprehensive loss	(590)		(508)
Total shareholders’ equity	21,313		22,587
Noncontrolling interests	126		157
Total equity	21,439		22,744
	$	37,145	$	38,336


☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 2, 2020


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to _


(In millions, except per share amounts)	Common Stock		Other Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Non-controlling Interests		Total Equity






























Balance at July 3, 2020	$	216	$	20,260	$	2,250	$	(624)	$	124	$	22,226

Net income	—		—		426		—		4		430
Other comprehensive gain	—		—		—		34		—		34



Shares issued under stock incentive plans	—		2		—		—		—		2
Shares issued under defined contribution plans	1		45		—		—		—		46
Share-based compensation expense	—		31		—		—		—		31
Tax withholding payments on share-based awards	—		(1)		—		—		—		(1)
Repurchases and retirement of common stock	(7)		(1,028)		(115)		—		—		(1,150)
Cash dividends ($.85 per share)	—		—		(179)		—		—		(179)



Other, including distributions to noncontrolling interests	—		1		1		—		(2)		—
Balance at October 2, 2020	$	210	$	19,310	$	2,383	$	(590)	$	126	$	21,439

Balance at June 28, 2019	$	119	$	1,778	$	2,173	$	(707)	$	—	$	3,363
Net income	—		—		429		—		6		435
Other comprehensive loss	—		—		—		(49)		—		(49)

Shares issued for L3Harris Merger	104		19,696		—		—		—		19,800


Shares issued under stock incentive plans	2		93		—		—		—		95
Shares issued under defined contribution plans	—		48		—		—		—		48
Share-based compensation expense	—		94		—		—		—		94
Tax withholding payments on share-based awards	—		(83)		—		—		—		(83)
Repurchases and retirement of common stock	(3)		(336)		(411)		—		—		(750)

Cash dividends ($.75 per share)	—		—		(172)		—		—		(172)


Fair value of noncontrolling interests recognized in purchase accounting	—		—		—		—		151		151

Other, including distributions to noncontrolling interests	—		(2)		—		—		(5)		(7)
Balance at September 27, 2019	$	222	$	21,288	$	2,019	$	(756)	$	152	$	22,925

Balance at January 3, 2020	$	218	$	20,694	$	2,183	$	(508)	$	157	$	22,744

Net income	—		—		926		—		(24)		902
Other comprehensive loss	—		—		—		(82)		—		(82)



Shares issued under stock incentive plans	1		38		—		—		—		39
Shares issued under defined contribution plans	1		167		—		—		—		168
Share-based compensation expense	—		71		—		—		—		71
Tax withholding payments on share-based awards	—		(2)		—		—		—		(2)
Repurchases and retirement of common stock	(10)		(1,659)		(181)		—		—		(1,850)
Cash dividends ($2.55 per share)	—		—		(546)		—		—		(546)



Other, including distributions to noncontrolling interests	—		1		1		—		(7)		(5)
Balance at October 2, 2020	$	210	$	19,310	$	2,383	$	(590)	$	126	$	21,439

Balance at December 28, 2018	$	118	$	1,681	$	1,824	$	(211)	$	—	$	3,412
Net income	—		—		940		—		6		946
Other comprehensive loss	—		—		—		(545)		—		(545)

Shares issued for L3Harris Merger	104		19,696		—		—		—		19,800


Shares issued under stock incentive plans	2		125		—		—		—		127
Shares issued under defined contribution plans	1		90		—		—		—		91
Share-based compensation expense	—		122		—		—		—		122
Tax withholding payments on share-based awards	—		(88)		—		—		—		(88)
Repurchases and retirement of common stock	(3)		(336)		(411)		—		—		(750)

Cash dividends ($2.12 per share)	—		—		(334)		—		—		(334)

Fair value of noncontrolling interests recognized in purchase accounting	—		—		—		—		151		151

Other, including distributions to noncontrolling interests	—		(2)		—		—		(5)		(7)
Balance at September 27, 2019	$	222	$	21,288	$	2,019	$	(756)	$	152	$	22,925


(In millions, except exchange ratio and per share amounts)	June 29, 2019

Outstanding shares of L3 common stock as of June 28, 2019	79.63
L3 restricted stock unit awards settled in shares of L3Harris common stock	0.41
L3 performance unit awards settled in shares of L3Harris common stock	0.04
	80.08
Exchange Ratio	1.30
Shares of L3Harris common stock issued for L3 outstanding common stock	104.10
Price per share of L3Harris common stock as of June 28, 2019	$	189.13
Fair value of L3Harris common stock issued for L3 outstanding common stock	$	19,689
Fair value of replacement restricted stock units attributable to merger consideration	10
Fair value of L3Harris stock options issued to replace L3 outstanding stock options	101
Withholding tax liability incurred for converted L3 share-based awards	45
Fair value of replacement award consideration	156
Fair value of total consideration	19,845
Less cash acquired	(1,195)
Total net consideration transferred	$	18,650


(In millions)	Preliminary Fair Value as of September 27, 2019		Measurement Period Adjustments		Adjusted Fair Value as of July 3, 2020

Receivables	$	849	$	(20)	$	829
Contract assets	1,708		(57)		1,651
Inventories	1,056		(73)		983
Other current assets	517		(16)		501
Property, plant and equipment	1,176		43		1,219
Operating lease right-of-use assets	704		108		812
Goodwill	15,423		(841)		14,582
Other intangible assets	6,768		1,690		8,458
Other non-current assets	327		(13)		314
Total assets acquired	$	28,528	$	821	$	29,349

Accounts payable	$	898	$	(13)	$	885
Contract liabilities	722		4		726
Other current liabilities	772		301		1,073
Operating lease liabilities	715		45		760
Defined benefit plans	1,411		—		1,411
Long-term debt, net	3,548		—		3,548
Other long-term liabilities	1,661		480		2,141
Total liabilities assumed	9,727		817		10,544
Net assets acquired	18,801		4		18,805
Noncontrolling interests	(151)		(4)		(155)
Total net consideration transferred	$	18,650	$	—	$	18,650


	Weighted Average Amortization Period	Total
	(In years)	(In millions)

Identifiable intangible assets acquired:
Customer relationships (Government)	14	$	5,082
Customer relationships (Commercial)	15	860
Contract backlog	3	19
Trade names — divisions	9	123
Developed technologies	7	550
Total identifiable intangible assets subject to amortization	13	6,634
Trade names — corporate	indefinite	1,803
In-process research and development	n/a	21
Total identifiable intangible assets		$	8,458


(In millions)	Three Quarters Ended September 27, 2019

Revenue from product sales and services — as reported	$	8,024
Revenue from product sales and services — pro forma	13,265
Income from continuing operations — as reported	947
Income from continuing operations — pro forma	1,252



(In millions)	Employee severance-related costs		Facilities consolidation and other exit costs		Total

Balance at January 3, 2020	$	58	$	7	$	65
Additional provisions	24		—		24
Payments	(49)		(1)		(50)
Other, including foreign currency translation adjustments	1		—		1
Total changes	(24)		(1)		(25)
Balance at October 2, 2020	$	34	$	6	$	40


(In millions)	Foreign currency translation		Net unrealized losses on hedging derivatives		Unrecognized postretirement obligations		Total AOCI

Balance at January 3, 2020	$	(81)	$	(55)	$	(372)	$	(508)
Other comprehensive loss, before income taxes	(28)		(75)		—		(103)
Income taxes	—		20		—		20
Other comprehensive loss before reclassifications to earnings, net of income taxes	(28)		(55)		—		(83)
Losses (gains) reclassified to earnings(1)	7		8		(16)		(1)
Income taxes	—		(2)		4		2
Losses (gains) reclassified to earnings, net of income taxes	7		6		(12)		1
Other comprehensive loss, net of income taxes	$	(21)	$	(49)	$	(12)	$	(82)
Balance at October 2, 2020	$	(102)	$	(104)	$	(384)	$	(590)

Balance at December 28, 2018	$	(107)	$	(19)	$	(85)	$	(211)
Other comprehensive loss, before income taxes	(24)		(75)		(631)		(730)
Income taxes	—		18		153		171
Other comprehensive loss before reclassifications to earnings, net of income taxes	(24)		(57)		(478)		(559)
Losses reclassified to earnings(1)	—		1		17		18
Income taxes	—		—		(4)		(4)
Losses reclassified to earnings, net of income taxes	—		1		13		14
Other comprehensive loss, net of income taxes	$	(24)	$	(56)	$	(465)	$	(545)
Balance at September 27, 2019	$	(131)	$	(75)	$	(550)	$	(756)


(In millions)	Integrated Mission Systems		Space and Airborne Systems		Communication Systems		Aviation Systems		Total

Balance at January 3, 2020	$	5,768	$	5,131	$	4,243	$	4,859	$	20,001
Goodwill decrease from divestitures(1)	—		(2)		(9)		(530)		(541)

Impairment of goodwill	—		(5)		—		(364)		(369)
Currency translation adjustments	(3)		(4)		(2)		1		(8)
Other (including adjustments to previously estimated fair value of assets acquired and liabilities assumed)(2)	740		112		(82)		(861)		(91)
Balance at October 2, 2020	$	6,505	$	5,232	$	4,150	$	3,105	$	18,992


(In millions)	October 2, 2020		January 3, 2020

Land	$	90	$	90
Software capitalized for internal use	362		287
Buildings	1,065		1,073
Machinery and equipment	2,219		2,194
	3,736		3,644
Less accumulated depreciation and amortization	(1,689)		(1,527)
Total property, plant and equipment	$	2,047	$	2,117


	(In millions)

Year 1	$	682
Year 2	685
Year 3	677
Year 4	647
Year 5	598
Thereafter	3,059
Total	$	6,348


(In millions)	October 2, 2020		January 3, 2020

Variable-rate debt:



Floating rate notes, due April 30, 2020	$	—	$	250
Floating rate notes, due March 10, 2023	250		—
Total variable-rate debt	250		250
Fixed-rate debt:
4.95% notes, due February 15, 2021	650		650
3.85% notes, due June 15, 2023	800		800
3.95% notes, due May 28, 2024	350		350
3.832% notes, due April 27, 2025	600		600
7.00% debentures, due January 15, 2026	100		100
3.85% notes, due December 15, 2026	550		550
6.35% debentures, due February 1, 2028	26		26
4.40% notes, due June 15, 2028	1,850		1,850
2.90% notes, due December 15, 2029	400		400
4.854% notes, due April 27, 2035	400		400
6.15% notes, due December 15, 2040	300		300
5.054% notes, due April 27, 2045	500		500
Other	51		49
Total fixed-rate debt	6,577		6,575
Total debt	6,827		6,825
Plus: unamortized bond premium	127		154
Less: unamortized discounts and issuance costs	(27)		(28)
Total debt, net	6,927		6,951
Less: current portion of long-term debt, net	(666)		(257)
Total long-term debt, net	$	6,261	$	6,694


(In millions)	Aggregate Principal Amount of L3 Notes (prior to debt exchange)		Aggregate Principal Amount of New L3Harris Notes Issued		Aggregate Principal Amount of Remaining L3 Notes

4.95% notes due February 15, 2021 (“4.95% 2021 Notes”)	$	650	$	501	$	149
3.85% notes due June 15, 2023 (“3.85% 2023 Notes”)	800		741		59
3.95% notes due May 28, 2024 (“3.95% 2024 Notes”)	350		326		24
3.85% notes due December 15, 2026 (“3.85% 2026 Notes”)	550		535		15
4.40% notes due June 15, 2028 (“4.40% 2028 Notes”)	1,000		918		82
Total	$	3,350	$	3,021	$	329


	(In millions)

Balance at January 3, 2020	$	112
Adjustments to previously estimated fair value of warranty liabilities assumed	19
Decrease from divestitures	(8)
Accruals for product warranties issued during the period	52
Settlements made during the period	(43)
Other, including foreign currency translation adjustments	(2)
Balance at October 2, 2020	$	130


	Quarter Ended October 2, 2020				Three Quarters Ended October 2, 2020
(In millions)	Pension		Other Benefits		Pension		Other Benefits

Net periodic benefit income
Service cost	$	17	$	—	$	49	$	1
Interest cost	68		3		205		7
Expected return on plan assets	(158)		(5)		(473)		(15)
Amortization of net actuarial loss (gain)	2		(1)		7		(2)
Amortization of prior service credit	(7)		—		(21)		—
Contractual termination benefits(1)	—		—		1		—
Total net periodic benefit income	$	(78)	$	(3)	$	(232)	$	(9)


	Quarter Ended September 27, 2019				Three Quarters Ended September 27, 2019
(In millions)	Pension		Other Benefits		Pension		Other Benefits

Net periodic benefit income
Service cost	$	21	$	1	$	39	$	1
Interest cost	76		2		180		6
Expected return on plan assets	(157)		(5)		(348)		(13)
Amortization of net actuarial gain	—		(1)		—		(4)
Effect of curtailments or settlements(1)	5		—		6		—
Total net periodic benefit income	$	(55)	$	(3)	$	(123)	$	(10)


Unaudited Pro Forma Condensed Combined Statement of Income
For the Three Quarters Ended September 27, 2019

	Two Quarters Ended June 28, 2019									Quarter Ended September 27, 2019		Three Quarters Ended September 27, 2019
(In millions, except per share amounts)	Historical Harris		Historical L3		Pro Forma Adjustments		Note Ref.	Pro Forma		L3Harris As Reported		Pro Forma

Revenue from product sales and services	$	3,593	$	5,331	$	(11)	a	$	8,834	$	4,431	$	13,265
					(79)		b
Cost of product sales and services	(2,362)		(3,875)		11		a	(6,181)		(3,242)		(9,423)
					54		b
					(9)		c
Engineering, selling and administrative expenses	(659)		(824)		11		b	(1,707)		(999)		(2,706)
					(228)		c
					38		d
					(4)		e
					4		f
					(45)		j


Business divestiture-related gains	—		—		—			—		229		229
Merger, acquisition and divestiture related expenses	—		(45)		45		j	—		—		—
Non-operating income	94		—		23		j	117		79		196

Interest and other income, net	—		15		19		g	—		—		—
					(34)		j
Debt retirement charge	—		(3)		3		j	—		—		—
Interest income	1		—		8		j	9		9		18
Interest expense	(82)		(75)		4		h	(139)		(67)		(206)
					14		i
Income from continuing operations before income taxes	585		524		(176)			933		440		1,373
Income taxes	(73)		(87)		44		k	(116)		(5)		(121)
Income from continuing operations	512		437		(132)			817		435		1,252
Noncontrolling interest, net of income taxes	—		(12)		—			(12)		(6)		(18)
Income from continuing operations attributable to common shareholders	$	512	$	425	$	(132)		$	805	$	429	$	1,234

Income from continuing operations per basic common share attributable to common shareholders	$	4.32						$	3.62	$	1.93	$	5.55
Income from continuing operations per diluted common share attributable to common shareholders	$	4.23						$	3.57	$	1.90	$	5.48
Basic weighted average common shares outstanding	118.1				104.1		l	222.2		222.6		222.3
Diluted weighted average common shares outstanding	120.7				104.6		l	225.3		225.4		225.3


	Weighted Average Amortization Period	Fair Value (1)		Two Quarters ended June 28, 2019
	(In years)	(In millions)

Identifiable Intangible Assets Acquired:
Customer relationships	15	$	5,417	$	222
Trade names — Divisions	9	123		6
Adjustment to engineering, selling and administrative expenses				228
Developed technology	7	562		33
Less: L3 historical amortization				(24)
Adjustment to cost of product sales and services				9
Total net adjustment to amortization expense				$	237
_________
(1) As of May 4, 2020, the date of filing our Current Report on Form 8-K.


Period*	Total number of shares purchased	Average price paid per share		Total number of shares purchased as part of publicly announced plans or programs (1)	Maximum approximate dollar value of shares that may yet be purchased under the plans or programs (1)
Month No. 1
(July 4, 2020 - July 31, 2020)
Repurchase program(1)	—	$	—	—	$	1,800,204,462
Employee transactions(2)	5,166	$	172.32	—	—
Month No. 2
(August 1, 2020 - August 28, 2020)
Repurchase program(1)	5,055,208	$	179.73	5,055,208	$	891,622,101

Employee transactions(2)	5,901	$	173.79	—	—
Month No. 3
(August 29, 2020 - October 2, 2020)
Repurchase program(1)	1,336,140	$	180.58	1,336,140	$	650,336,263
Employee transactions(2)	2,975	$	180.04	—	—
Total	6,405,390			6,391,348	$	650,336,263


(3)						(a) Restated Certificate of Incorporation of L3Harris Technologies, Inc. (1995), as amended, incorporated herein by reference to Exhibit 3(a) to the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 7, 2020. (Commission File Number 1-3863)
						(b) Amended and Restated By-Laws of L3Harris Technologies, Inc., incorporated herein by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on April 7, 2020. (Commission File Number 1-3863)
(10.1)						L3Harris Technologies, Inc. Annual Incentive Plan (Amended and Restated Effective as of August 28, 2020), incorporated herein by reference to Exhibit 10.1 to L3Harris Technologies, Inc.’s Current Report on Form 8-K filed with the SEC on September 1, 2020. (Commission File Number 1-3863).*
(10.2)						L3Harris Technologies, Inc. 2015 Equity Incentive Plan (Amended and Restated Effective as of August 28, 2020), incorporated herein by reference to Exhibit 10.2 to L3Harris Technologies, Inc.’s Current Report on Form 8-K filed with the SEC on September 1, 2020. (Commission File Number 1-3863).*
(15)						Letter Regarding Unaudited Interim Financial Information
(31.1)						Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
(31.2)						Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
(32.1)						Section 1350 Certification of Chief Executive Officer.
(32.2)						Section 1350 Certification of Chief Financial Officer.
(101)						The financial information from the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 2, 2020 formatted in Inline XBRL (Extensible Business Reporting Language) includes: (i) the Condensed Consolidated Statement of Income, (ii) the Condensed Consolidated Statement of Comprehensive Income, (iii) the Condensed Consolidated Balance Sheet, (iv) the Condensed Consolidated Statement of Cash Flows, (v) the Condensed Consolidated Statement of Equity, and (vi) the Notes to the Condensed Consolidated Financial Statements.
(104)						Cover Page Interactive Data File formatted in Inline XBRL and contained in Exhibit 101.