harris corporation

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
the outcome of these matters with certainty, and some lawsuits, claims or proceedings may be disposed of or
decided unfavorably to us, based upon available information, in the opinion of management, settlements, arbitration
awards and final judgments, if any, which are considered probable of being rendered against us in litigation or
arbitration in existence at July 1, 2011 are reserved for, covered by insurance or would not have a material adverse
effect on our financial position, results of operations or cash flows.
Our tax filings are subject to audit by taxing authorities in jurisdictions where we conduct business. These
audits may result in assessments of additional taxes that are subsequently resolved with the authorities or ultimately
through established legal proceedings. We believe we have adequately accrued for any ultimate amounts that are
likely to result from these audits; however, final assessments, if any, could be different from the amounts recorded
in our Consolidated Financial Statements.
NOTE 27: SUBSEQUENT EVENT
On July 30, 2011, our Board of Directors approved the $1 billion New Repurchase Program that replaced the
2009 Repurchase Program, which had a remaining, unused authorization of approximately $200 million. The New
Repurchase Program does not have a stated expiration date. Repurchases under the New Repurchase Program may
be made through open market purchases, private transactions, transactions structured through investment banking
institutions, or any combination thereof. The timing, volume and nature of share repurchases are subject to market
conditions, applicable securities laws and other factors and are at our discretion and may be suspended or
discontinued at any time. We began repurchasing shares under the New Repurchase Program in August 2011.
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