Harris Corporation
Table of Contents

(HARRIS LOGO)
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
 
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 29, 2007
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                    
Commission file number 1-3863
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Harris Corporation Retirement Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Harris Corporation
1025 West NASA Blvd.
Melbourne, Florida 32919
 
 

 


Table of Contents

HARRIS CORPORATION
RETIREMENT PLAN
Financial Statements and Supplemental Schedule
June 29, 2007 and June 30, 2006 and
for the Year Ended June 29, 2007

 


 

HARRIS CORPORATION RETIREMENT PLAN
June 29, 2007
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Exhibits:
       
 
       
Exhibit 23.1 Consent of Independent Registered Public Accounting Firm
       
 EX-23.1 Consent of Ernst & Young LLP

 


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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants and the Harris Corporation Employee Benefits Committee
Harris Corporation Retirement Plan
We have audited the accompanying statements of net assets available for benefits of Harris Corporation Retirement Plan as of June 29, 2007 and June 30, 2006, and the related statement of changes in net assets available for benefits for the year ended June 29, 2007. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at June 29, 2007 and June 30, 2006, and the changes in its net assets available for benefits for the year ended June 29, 2007, in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of June 29, 2007 is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Certified Public Accountants
Jacksonville, Florida
December 3, 2007

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HARRIS CORPORATION RETIREMENT PLAN
Statements of Net Assets Available for Benefits
                 
    June 29,   June 30,
    2007   2006
ASSETS
               
 
               
Investments at fair value:
               
Interest bearing cash
  $ 6,583,245     $ 12,180,414  
Common stocks
    734,038,908       648,742,837  
Registered investment companies
    416,740,409       306,263,810  
Common/collective trust funds
    1,059,593,619       904,627,150  
Guaranteed investment contracts
    490,517,768       496,190,695  
Corporate bonds and debentures
    608,750       1,057,637  
Real estate investments
          1,349,268  
Participant loans
    29,297,970       29,279,610  
 
               
Total investments
    2,737,380,669       2,399,691,421  
 
               
 
               
Receivables:
               
Contributions receivable:
               
Harris Corporation
    37,876,075       48,593,346  
Participants
    4,516,058       4,207,861  
Accrued interest and dividends
    2,434,936       397,666  
Due from broker for securities sold
    8,807,325       1,836,696  
 
               
Total receivables
    53,634,394       55,035,569  
 
               
 
               
Total assets
    2,791,015,063       2,454,726,990  
 
               
 
               
LIABILITIES
               
 
               
Accrued expenses
    316,805       340,955  
Due to broker for securities purchased
    11,297,662       1,573,950  
 
               
Total liabilities
    11,614,467       1,914,905  
 
               
Net assets available for benefits at fair value
  $ 2,779,400,596     $ 2,452,812,085  
 
               
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
    11,141,939       13,537,093  
 
               
 
               
Net assets available for benefits
  $ 2,790,542,535     $ 2,466,349,178  
 
               
The accompanying notes are an integral part of these financial statements.

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HARRIS CORPORATION RETIREMENT PLAN
Statement of Changes in Net Assets Available for Benefits
For the Year Ended June 29, 2007
         
    June 29, 2007  
Additions to net assets attributed to:
       
Investment income:
       
Net appreciation in fair value of investments
  $ 369,205,509  
Interest
    3,540,679  
Dividends
    10,563,824  
 
     
Total investment income
    383,310,012  
 
     
 
       
Contributions:
       
Participant rollovers
    6,820,658  
Employer profit sharing
    35,358,344  
Employer matching
    44,523,578  
Participant
    78,507,460  
 
     
Total contributions
    165,210,040  
 
     
 
       
Total additions
    548,520,052  
 
     
 
       
Deductions from net assets attributed to:
       
Benefits paid to participants
    220,732,791  
Administrative expenses
    3,593,904  
 
     
 
       
Total deductions
    224,326,695  
 
     
 
       
Net increase
    324,193,357  
Net assets available for benefits:
       
Beginning of year
    2,466,349,178  
 
     
 
       
End of year
  $ 2,790,542,535  
 
     
The accompanying notes are an integral part of these financial statements.

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HARRIS CORPORATION RETIREMENT PLAN
Notes to the Financial Statements
June 29, 2007 and June 30, 2006
NOTE 1 — DESCRIPTION OF PLAN
The following description of the Harris Corporation Retirement Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
  A.   General — The Plan is a defined contribution plan with a 401(k) feature covering substantially all eligible employees of Harris Corporation and certain of its subsidiaries (collectively, the “Company” or “Employer”) as defined in the Plan document. The Plan Administrator is the Harris Corporation Employee Benefits Committee comprised of persons appointed by Harris Corporation. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended.
 
  B.   Contributions — Participants may contribute a percentage of both pre-tax and after-tax eligible compensation, as defined in the Plan document and subject to Internal Revenue Code (the “Code”) limitations. Participants age 50 and older by the end of the calendar year can contribute an additional amount above the annual pre-tax limitation, as defined in the Plan document and subject to the Code limitation. The Company matches 100% of pre-tax and after-tax contributions subject to a limit of 6% of eligible compensation for any eligible employee who has completed one year of service. Full-time participants who make no election with respect to pre-tax or after-tax contributions receive an automatic deferment of 6% of eligible compensation on a pre-tax basis. The Employer makes profit sharing contributions based on a formula tied to the Company’s earnings per share and related financial targets. The Employer may also make additional discretionary profit sharing contributions which are allocated to eligible employees based on compensation and excess compensation as defined in the Plan document. Participants also may rollover amounts to the Plan from other qualified plans.
 
  C.   Payments of Benefits — Prior to termination of employment, a participant may withdraw all or any portion of his or her after-tax account balance or rollover balance. Upon retirement or other termination of employment a participant may elect to receive either a lump-sum amount equal to all or a portion of the participant’s vested interest in his or her account, or installments over a future period. A participant may also receive a distribution for financial hardship or upon attainment of age 59½ per the Plan document.
 
  D.   Participant Loans — The loan program permits participants to borrow against their pre-tax, after-tax, designated Roth and rollover contributions. A participant may borrow in increments of $100 from a minimum of $500 to a maximum of 50% of the vested portion of the participant’s account or $50,000 whichever is lower, within certain limitations established by the Plan document. Payback periods range from one to five years at the option of the participant and may be as long as ten years if the loan is to be used for the purchase of a principal residence. Interest rates are established by the Company based on market rates. Loans are paid back ratably through payroll deductions. The outstanding loans have been established as a separate fund.
 
  E.   Participant Accounts — Each participant’s account is credited with the participant’s contribution and allocations of (a) the Company’s matching contribution, (b) the Company’s nondiscretionary profit sharing contribution, (c) the Company’s additional discretionary profit sharing contribution, if any, and, (d) Plan earnings and charged with an allocation of administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

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HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 29, 2007 and June 30, 2006
NOTE 1 — DESCRIPTION OF THE PLAN (CONTINUED)
  F.   Vesting — Participants are immediately vested in their pre-tax and after-tax contributions plus actual earnings thereon. Vesting in the Employer matching, nondiscretionary profit sharing and discretionary profit sharing contributions, plus earnings thereon, is based on years of continuous service. A participant is 100% vested after six years of credited service, based on the following schedule:
         
Years of Service   Vesting Percentage
Less than 2 years
    0 %
2 years
    20 %
3 years
    40 %
4 years
    60 %
5 years
    80 %
6 years or more
    100 %
      A participant also becomes 100% vested upon his or her termination of employment after attaining age 55 or on account of his or her death or disability.
 
  G.   Forfeitures — A terminated participant who is not 100% vested will forfeit the non-vested portion of the Company’s contributions unless the participant returns to employment within five years. The forfeited contributions are used first to restore the accounts of recently located missing participants, as defined in the Plan document; next, to restore accounts of participants who were reemployed prior to incurring a break in service of five consecutive years; next, to fund any matching or profit sharing contributions to be allocated to participants who are reemployed after a period of qualified military service, as defined in the Plan document; and finally, to reduce future contributions to the Plan by the Company. Forfeited amounts included in Plan assets at June 29, 2007 and June 30, 2006 were $672,454 and $96,862, respectively. For the years ended June 29, 2007 and June 30, 2006, Employer contributions were reduced by $900,516 and $1,487,274, respectively, from forfeited non-vested accounts.
 
  H.   Plan Termination — Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
 
  I.   Investment Options — Upon enrollment into the Plan, a participant may direct Employer and participant contributions into any of several investment options, except that profit sharing and rollover contributions may not be invested in the Harris Stock Fund. The investment options are fully described in the summary plan description available to participants. Elections to change funds can be made daily; however, investments in the Harris Stock Fund are subject to a holding period and amounts in the Stable Value Fund, which is comprised of unallocated insurance contracts, cannot be transferred directly to the Money Market Fund. A participant may not transfer amounts from other investment funds to the Harris Stock Fund and investments are governed by other limitations described in the Plan document.
NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting — The accounting records of the Plan are maintained on the accrual basis. Certain prior-year data have been reclassified to conform to the 2007 presentation.
New Accounting Pronouncement — As described in Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and
SOP 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the “FSP”), investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount members would receive if they were to initiate permitted transactions under the terms of the Plan. As required by the FSP, the statements of net assets available for benefits present the fair value of the investment contracts and the adjustment from fair value to contract value for fully benefit-responsive investment contracts. Prior year balances have been retroactively adjusted for the FSP accordingly. The statement of changes in net assets available for benefits is prepared on a contract value basis.

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HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 29, 2007 and June 30, 2006
NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Valuation of Investments — The Plan’s investments are stated at fair value. Quoted market prices are used when available, to value investments. Investments for which quoted market values are not available are stated at fair values as reported by the trustee or investee company. Participant loans are valued at their outstanding balances, which approximate fair value.
Investments in common/collective trusts are stated at fair value, based on quoted redemption values as determined by Northern Trust, the Trustee as defined by the Plan document. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The net appreciation (depreciation) in fair value of investments represents the sum of the unrealized appreciation (depreciation) in aggregate fair value of investments and the realized gain (loss) on sale of investments.
The Plan holds traditional guaranteed investment contracts (“traditional GICs”) and synthetic guaranteed investment contracts (“synthetic GICs”) in its Stable Value Fund. A corresponding contract wrapper with the issuer of the synthetic GICs is also held in order to provide a variable rate of return on the cost of the investment. The fair value of the traditional GICs and the synthetic GICs was determined using a discounted cash flow method or quoted market value of underlying investments. The fair value of the contract wrappers was based on replacement costs and were zero dollars at June 29, 2007 and June 30, 2006, respectively. As required by FSP AAG INV-1 and 94-4-1, the investments in traditional GICs and synthetic GICs are presented at fair value on the statements of net assets available for benefits in the line item “Guaranteed investment contracts”. An adjustment line has also been included in the statements of net assets available for benefits, so that ending net assets available for benefits are recorded at contract value.
The traditional GICs and synthetic GICs are between the respective issuers thereof and the Plan and prohibit the Plan from selling or assigning such contracts without issuer consent. Terms of such contracts allow all participant-initiated transactions to occur at book value with the conditions or limitations. The crediting interest rate is set at the time such contracts are negotiated and, depending on the terms of such contracts, is fixed through the maturity date or is re-set quarterly, semiannually or annually depending on the performance of the investments being managed. The minimum crediting rate is zero percent. Key factors that could influence future crediting interest rates include, but are not limited to, the following: (1) the level of market interest rates, (2) the amount and timing of participant contributions, transfers and withdrawals into/out of such contracts, (3) the investment returns generated by the fixed income investments that support the contract wrapper, or (4) the duration of the underlying investments supporting such contracts.
Certain events limit the ability of the Plan to make investment transactions at contract value with the issuer of the traditional GIC or synthetic GIC. These events include, but are not limited to, the following: (1) termination of the Plan, (2) a material adverse change to the provisions of the Plan, (3) if the Plan elects to withdraw from a traditional GIC or synthetic GIC in order to switch to a different investment provider, or (4) if the terms of a successor plan (in the event of a spin-off or sale of a division) do not meet the contract issuer’s underwriting criteria for issuance of a clone contract. The Company does not believe that the occurrence of any event limiting the Plan’s ability to make investment transactions at contract value with issuers is probable.
The traditional GIC and synthetic GIC issuers can terminate the contract and settle at an amount different from contract value under limited circumstances such as the Plan losing its qualified status, a material and adverse change to the provisions of the Plan, or uncured material breaches of responsibilities.
The average yield based on actual earnings was approximately 5.05% at June 29, 2007 and 5.03% at June 30, 2006. The average yield based on interest rate credited to participants was approximately 5.04% at June 29, 2007 and 4.63% at June 30, 2006.
Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires the Plan Administrator to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates.
Administrative Expenses — Unless otherwise elected by Harris Corporation, all reasonable charges and expenses incurred in connection with the administration of the Plan are paid by the Trustee from the assets of the trust.
NOTE 3 — INVESTMENTS
During the year ended June 29, 2007, the Plan’s investments (including investments bought, sold and held during the year) appreciated in value as follows:
         
    June 29, 2007  
Net appreciation in fair value as determined by quoted market prices:
       
Common stocks
  $ 133,837,729  
Registered investment companies
    67,937,435  
Corporate bonds and debentures
    119,113  
 
     
 
    201,894,277  
 
     
 
       
Net appreciation in fair value as determined by investee company/trustee:
       
Real estate investments
    131,331  
Common/collective trusts
    144,156,640  
Guaranteed investment contracts
    23,023,261  
 
     
 
    167,311,232  
 
     
Total net appreciation in fair value
  $ 369,205,509  
 
     
The fair value of individual investments that represent 5% or more of Plan net assets at June 29, 2007 and June 30, 2006 is as follows:
                 
    June 29,     June 30,  
    2007     2006  
MFB NTGI-QM Collective Daily Russell 1000 Equity Index Fund
  $ 232,370,374     $ 210,377,575  
MFB NTGI-QM Collective Daily S&P 500 Equity Index Fund
    291,468,618       258,641,075  
MFO Bank of New York Collective TR Aggregate Index Fund
    300,849,810       262,613,561  
MFO Columbia FDS SER TR Intl. Fund
    239,422,460       161,920,365  
Harris Corporation common stock
    158,203,946       125,800,040  

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HARRIS CORPORATION RETIREMENT PLAN
Notes to Financial Statements
June 29, 2007 and June 30, 2006
NOTE 4 — RELATED-PARTY TRANSACTIONS
Certain Plan investments are shares of common stock of Harris Corporation and balances in a common/collective trust fund are managed by Northern Trust. Harris Corporation is the Plan sponsor and Northern Trust is the Trustee and, therefore, these transactions qualify as exempt party-in-interest transactions.
     Harris Corporation common stock is included with other common stock at June 29, 2007 and June 30, 2006 as follows:
                                 
    June 29, 2007     June 30, 2006  
    Shares     Fair Value     Shares     Fair Value  
Harris Corporation common stock
    2,900,164     $ 158,203,946       3,030,596     $ 125,800,040  
 
                           
Transactions in shares of the Company’s common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended June 29, 2007, the Plan made purchases of $14,124,092 and sales of $18,765,960 of the Company’s common stock.
NOTE 5 — INCOME TAX STATUS
The Plan has received a determination letter from the Internal Revenue Service dated April 21, 2004, stating that the Plan is qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan sponsor has indicated that it will take the necessary steps, if any, to bring the Plan’s operations in compliance with the Code.
NOTE 6 — CONCENTRATION OF CREDIT RISK
Cash amounts at the Trustee may exceed the $100,000 federally insured limit from time to time. The Plan provides for investments in various investment securities, which, in general, are exposed to certain risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect participant account balances and the amounts reported in the statements of net assets available for benefits.
NOTE 7 — RECONCILIATION OF PLAN FINANCIAL STATEMENTS TO THE FORM 5500
Form 5500 requires the recording of a liability for benefit amounts processed prior to year-end but not yet paid. This requirement conflicts with accounting principles generally accepted in the United States and the presentation of such amounts in the financial statements where they remain as part of net assets available for benefits until paid.
     The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 at June 29, 2007 and at June 30, 2006:
                 
    June 29,     June 30,  
    2007     2006  
Net assets available for benefits per the financial statements
  $ 2,790,542,535     $ 2,466,349,178  
Due to participants
    (2,956,866 )     (347,347 )
Adjustment to fair value from contract value for fully-benefit responsive investment contracts
    (11,141,939 )      
 
           
Net assets available for benefits per the Form 5500
  $ 2,776,443,730     $ 2,466,001,831  
 
           
     The following is a reconciliation of investment income per the financial statements to the Form 5500 for the year ended June 29, 2007:
         
    June 29,  
    2007  
Investment income per the financial statements
  $ 383,310,012  
Adjustment to fair value from contract value for fully-benefit responsive investment contracts
    (11,141,939 )
 
     
Investment income per the Form 5500
  $ 372,168,073  
 
     
     The following is as reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the year ended June 29, 2007:
         
    June 29,  
    2007  
Benefits paid to participants per the financial statements
  $ 220,732,791  
Add: benefits due but unpaid at June 29, 2007
    2,956,866  
Less: benefits due but unpaid at June 30, 2006
    (347,347 )
 
     
Benefits paid to participants per the Form 5500
  $ 223,342,310  
 
     
NOTE 8 — SUBSEQUENT EVENT
The Plan was amended and restated in its entirety effective July 1, 2007. The Plan as amended and restated no longer provides for a nondiscretionary profit sharing contribution based upon earnings per share. Instead, a participant may elect a special, unmatched pre-tax or after-tax contribution to the Plan of 0%, 50% or 100% of the amount, if any, payable to the participant under the new cash-based Performance Reward Plan, subject to Code limitations. The Plan as amended and restated also accelerates the graduated vesting schedule for matching and profit sharing contributions to 4 years, replacing the previous 6-year vesting term. Other changes in the Plan as amended and restated include allowing participants to use all sources of contributions for investment in the Harris Stock Fund provided that no more than 20% of a participant’s account be invested in the Harris Stock Fund. The holding period related to the Harris Stock Fund also has been eliminated. The Plan as amended and restated also includes the refinement of certain Plan terms and provides for modifications to satisfy regulation requirements. The Plan as amended and restated also provides for different matching contributions, with different eligibility requirements applicable thereto, for various categories of participants. By amendment the Plan sponsor has accepted the merger of three plans into the Plan with effective dates after June 29, 2007.

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SUPPLEMENTAL INFORMATION
Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Debt
Instruments — Other
       
FORD MTR CO DEL SR NT CONV 4.25 DUE 12-15-2036 REG SEDOL: B1L3918
    487,000             $ 608,750          
 
                                         
       
Total Corporate Debt Instruments — Other
                  $ 608,750          
 

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Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
3M CO COM
    70500             $ 6,118,695  
       
5TH 3RD BANCORP COM
    98300               3,909,391  
       
ABBOTT LAB COM
    48300               2,586,465  
       
ABRAXIS BIOSCIENCE INC COM STK
    17500               389,025  
       
ACCENTURE LTD BERMUDA CLS A COM
    23023               987,456  
       
ACTIVISION INC NEW COM
    42808               799,225  
       
ADOBE SYS INC COM
    15700               630,355  
        ADR AMERICA MOVIL S A DE C V
SPONSORED ADR REPSTG SER L SHS
    38500               2,384,305  
       
ADR ASML HLDG NV EURO 0.02 (NY REG)
    20800               570,960  
       
ADR BP P L C SPONSORED ADR
    43856               3,163,771  
       
ADR GRUPO AEROPORTUAIRO DEL PACIFICO SABDE CV
    12050               594,306  
       
ADR GRUPO AEROPORTUARIO DEL CENTRO NORTES A B DE C V
    20480               562,586  
        ADR NOKIA CORP SPONSORED ADR     122700               3,449,097  
        ADR ROYAL DUTCH SHELL PLC
SPONSORED ADR REPSTG A SHS
    80900               6,569,080  
       
ADR SONY CORP AMERN SH NEW
    48000               2,465,760  
       
ADR TEVA PHARMACEUTICAL INDS
    23000               948,750  
       
AGCO CORP COM
    9200               399,372  
       
ALCOA INC COM STK
    65300               2,646,609  
       
ALLEGHENY TECHNOLOGIES INC COM
    24230               2,530,754  
       
ALLERGAN INC COM
    36000               2,075,040  
       
ALLSTATE CORP COM
    10100               621,251  
       
ALLTEL CORP COM
    39700               2,681,735  
       
ALTRIA GROUP INC COM
    2900               203,406  
       
AMAZON COM INC COM
    20521               1,403,842  
       
AMERICAN TOWER CORP CL A
    56522               2,373,924  
       
AMEREN CORP COM
    12000               588,120  
       
AMGEN INC COM
    67300               3,721,017  
       
AMERN INTL GROUP INC COM
    68600               4,804,058  
       
AMR CORP COM
    28000               737,800  
       
AMYLIN PHARMACEUTICALS INC COM
    13399               551,503  
       
ANADARKO PETRO CORP COM
    61300               3,186,987  
       
ANALOG DEVICES INC COM
    107930               4,062,485  

9


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
ANHEUSER BUSCH COS INC COM
    80000               4,172,800  
       
ANNALY CAP MGMT INC COM
    69200               1,014,472  
       
APPLE INC
    44900               5,479,596  
       
APPLIED MATERIALS INC COM
    161201               3,203,063  
       
ARRIBA INC COM NEW
    26600               263,606  
       
ARCHER-DANIELS-MIDLAND CO COM
    35300               1,168,077  
       
ARRON RENTS INC
    39440               1,152,240  
       
ASSURED GUARANTY LTD COM
    30640               905,718  
       
AT&T INC COM
    193641               8,036,101  
       
AUTODESK INC COM
    22200               1,045,176  
       
AUTOMATIC DATA PROCESSING INC COM
    14288               692,539  
       
AVERY DENNISON CORP COM
    47600               3,164,448  
       
AVON PRODS INC COM USD0.25
    75500               2,774,625  
       
BAXTER INTL INC COM
    64100               3,611,394  
       
BE AEROSPACE INC COM
    13600               561,680  
       
BED BATH BEYOND INC COM
    83600               3,008,764  
       
BIOGEN IDEC INC COM STK
    17600               941,600  
       
BIOMED RLTY TR INC COM
    33250               845,548  
       
BJ SVCS CO COM
    65000               1,848,600  
       
BLOCK H & R INC COM
    127300               2,975,001  
       
BOSTON SCIENTIFIC CORP COM
    87600               1,343,784  
       
BRISTOL MYERS SQUIBB CO COM
    109300               3,449,508  
       
BROADCOM CORP CL A CL A
    79000               2,310,750  
       
BROCADE COMMUNICATIONS SYS INC COM
    120900               945,438  
       
BROWN-FORMAN INC CL B NON-VTG COM
    15700               1,147,356  
       
CAPLEASE INC COM
    21120               231,264  
       
CAMPBELL SOUP CO COM
    45100               1,750,331  
       
CAP1 FNCL COM
    8300               651,052  
       
CARE INVT TR INC COM
    8600               118,250  
       
CARTER INC FRMLY CARTER HLDGS INC
    51000               1,322,940  
       
CASTLE AM & CO MRYLAND
    12360               443,848  
       
CBS CORP NEW CL B
    93450               3,113,754  
       
CELGENE CORP COM
    11100               636,363  
       
CEPHALON INC CON
    4400               353,716  
       
CERNER CORP COM
    12000               665,640  
       
CHARLES RIV LABORATORIES INTL INC
    1700               87,754  
       
CHEMTURA CORP COM
    32587               362,041  
       
CENTY ALUM CO COM
    17400               950,562  
       
CHEVRON CORP COM
    97978               8,253,667  
       
CHUBB CORP COM
    46100               2,495,854  
       
CISCO SYS INC COM
    73500               2,046,975  
       
CITADEL BROADCASTING CORP COM
    7779               50,175  
       
CITIGROUP INC COM
    85000               4,359,650  
       
COACH INC COM
    10800               511,812  
       
COCA COLA CO COM
    79200               4,142,952  
       
COINMACH SVC CORP INCOME DEP SECS
    28750               571,263  
       
COINSTAR INC COM
    42400               1,334,752  
       
COLGATE-PALMOLIVE CO COM
    70500               4,571,925  
       
COMMERCIAL VEH GROUP INC COM
    35300               657,639  
       
COMPUTER SCI CORP COM
    28400               1,679,860  
       
CONAGRA FOODS INC
    32000               859,520  
       
CONSTELLATION ENERGY GROUP INC
    6800               592,756  
       
COPART INC COM
    27900               853,461  
       
COOPER INDUSTRIES INC COM
    35600               2,032,404  
       
CORINTHIAN COLLEGES INC COM
    98400               1,602,936  
       
CORN PRODS INTL INC COM
    14700               668,115  
       
CORRECTIONS CORP AMER
    36665               2,313,928  
       
COUNTRYWIDE FINL CORP COM
    40500               1,472,175  
       
CROWN CASTLE INTL CORP COM
    15900               576,693  
       
CVS CORP COM STK
    28645               1,044,110  

10


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
CYMER INC COM
    22059               886,772  
       
CYPRESS SEMICONDUCTOR CORP COM
    6600               153,714  
       
D R HORTON INC COM
    97600               1,945,168  
       
DANAHER CORP COM
    17876               1,349,638  
       
DELL INC COM STK
    133100               3,800,005  
       
DISNEY WALT CO COM
    105100               3,588,114  
       
DOW JONES & CO INC COM
    72900               4,188,105  
       
DU PONT E I DE NEMOURS & CO COM STK
    72600               3,690,984  
       
DUKE ENERGY CORP NEW COM STK
    115000               2,104,500  
       
E*TRADE FIN CORP COM
    22788               503,387  
       
EASTMAN KODAK CO COM
    101900               2,835,877  
       
EBAY INC COM
    38100               1,226,058  
       
ELECTR ARTS COM
    10600               501,592  
       
ELI LILLY & CO COM
    93100               5,202,428  
       
EMPLOYERS HLDGS INC COM
    35840               761,242  
       
ENERGY CONVERSION DEVICES INC COM
    27965               861,881  
       
ENTERGY CORP NEW COM
    36600               3,929,010  
       
ERESEARCH TECH INC COM
    74990               713,155  
       
EXPEDITORS INTL WASH INC COM
    37300               1,540,490  
       
EXXON MOBIL CORP COM
    96126               8,063,049  
       
FELCOR LODGING TR INC COM
    6300               163,989  
       
FIRSTFED FINL CORP DEL COM
    7700               436,821  
       
FIRSTENERGY CORP COM
    37935               2,455,533  
       
FNMA COM STK
    31700               2,070,961  
       
FORD MTR CO DEL COM PAR $0.01
    142600               1,343,292  
       
FORTUNE BRANDS INC COM STK
    38800               3,195,956  
       
FOSTER WHEELER LTD
    13300               1,422,967  
       
FREMONT GEN CORP COM
    36800               395,968  
       
FRKLN RES INC COM
    6526               864,499  
       
FRONTIER OIL CORP COM
    6200               271,374  
       
GANNETT INC COM
    60900               3,346,455  
       
GAP INC COM
    39900               762,090  
       
GEN MILLS INC COM
    56400               3,294,888  
       
GENENTECH INC COM STK
    45089               3,411,434  
       
GENERAL ELEC CO COM
    383780               14,691,098  
       
GENUINE PARTS CO COM
    44500               2,207,200  
       
GENWORTH FINL INC COM
    28600               983,840  
       
GENZYME CORP COM
    30500               1,964,200  
       
GILEAD SCI INC COM
    40568               1,572,821  
       
GLOBALSANTAFE CORPORATION
    2300               166,175  
       
GOLDMAN SACHS GROUP INC COM
    1400               303,450  
       
GOOGLE INC CL A CL A
    11798               6,174,837  
       
GRUPO AEROPORTUARIO DEL SURESTE S.A.B. DEC.V.
    10100               532,169  
       
HANDCOCK HLDG CO COM
    17770               667,264  
       
HANOVER INS GROUP INC COM
    27480               1,340,749  
       
HARMAN INTL INDS INC NEW COM STK USD0.01
    7852               917,114  
       
*HARRIS CORP COM
    2900164               158,203,946  
       
HCC INS HLDGS INC COM
    7315               244,394  
       
HERSHEY CO COM
    16200               820,044  
       
HESS CORP COM STK
    82100               4,840,616  
       
HEWLETT PACKARD CO COM
    24600               1,097,652  

11


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
HOLLY CORP COM
    7300               541,587  
       
HOME DEPOT INC COM
    93900               3,694,965  
       
HONEYWELL INTL INC COM STK
    63400               3,568,152  
       
ILL TOOL WKS INC COM
    56200               3,045,478  
       
INGERSOLL-RAND CO CL A COM
    43700               2,395,634  
       
INTEL CORP COM
    120096               2,853,481  
       
INTERACTIVE BROKERS GROUP INC COM
    10400               282,152  
       
INTERACTIVE DATA CORP COM
    13400               358,852  
       
INTERCONTINENTALEXCHANGE INC COM
    15500               2,291,675  
       
INTERNATIONAL BUSINESS MACHS CORP COM
    16500               1,736,625  
       
INTL FLAVORS & FRAGRANCES INC COM
    60200               3,138,828  
       
INTL GAME TECH COM
    18816               746,995  
       
INTL PAPER CO COM
    159696               6,236,129  
       
INTUITIVE SURGICAL INC COM NEW STK
    8000               1,110,160  
       
IRON MTN INC COM STK
    19500               509,535  
       
JOHNSON & JOHNSON COM
    75900               4,676,958  
       
JPMORGAN CHASE & CO COM
    184824               8,954,723  
       
JUNIPER NETWORKS INC COM
    58879               1,481,984  
       
KB HOME COM
    20700               814,959  
       
KEY ENERGY SVCS INC
    111100               2,058,683  
       
KIMBERLY-CLARK CORP COM
    34800               2,327,772  
       
KINDRID HEALTHCARE INC COM STK
    25500               783,360  
       
KOHLS CORP COM
    14048               997,829  
       
KRAFT FOODS INC CL A
    72900               2,569,725  
       
LAMAR ADVERTISING CO CL A COM
    15500               972,780  
       
LAS VEGAS SANDS CORP COM
    12300               939,597  
       
LAWSON SOFTWARE INC NEW COM
    56600               559,774  
       
LCA-VISION INC COM
    20100               949,926  
       
LEGG MASON INC COM
    16200               1,593,756  
       
LENNAR CORP CL A
    16400               599,584  
       
LIBERTY GLOBAL INC COM SER A
    21344               875,958  
       
LIBERTY GLOBAL INC COM SER C
    21654               851,002  
       
LINCOLN NATL CORP COM
    50923               3,612,987  
       
LIONS GATE ENTMT CORP COM NEW
    78700               868,061  
       
LOCKHEED MARTIN CORP COM
    1600               150,608  
       
LOEWS CORP CAROLINA GROUP STK
    3200               247,264  
       
LOEWS CORP COM
    2700               137,646  
       
LOWES COS INC COM
    72100               2,212,749  
       
MACYS INC COM
    4600               182,988  
       
MAGELLAN HLTH SVCS INC COM
    25260               1,173,832  
       
MANITOWOC INC COM
    7400               594,812  
       
MARRIOTT INTL INC NEW COM
    13500               583,740  
       
MARSH & MCLENNAN CO’S INC COM
    181400               5,601,632  
       
MARVELL TECH GROUP COM USD02
    63450               1,155,425  
       
MASCO CORP COM
    117400               3,342,378  
       
MATTEL INC COM
    114000               2,883,060  
       
MC CORMICK & CO INC COM NON-VTG
    40200               1,534,836  
       
MCDERMOTT INTL INC COM
    3000               249,360  
       
MCKESSON CORP
    7700               459,228  
       
MEADWESTVACO CORP COM
    61600               2,175,712  
       
MEDTRONIC INC COM
    18254               946,652  
       
MELLON FINL CORP COM
    104300               4,589,200  
       
MEMC ELECTR MATLS INC COM COM
    13900               849,568  
       
MENS WEARHOUSE COM
    900               45,963  
       
MERCANTILE EXCHANGE INC
    4500               2,404,620  
       
MERCK & CO INC COM
    125700               6,259,860  
       
MERRILL LYNCH & CO INC COM
    4600               384,468  
       
MERUELO MADDUX PPTYS INC COM
    50040               408,326  
       
METROPCS COMMUNICATIONS INC COM
    15800               522,032  
       
MGM MIRAGE COM
    5800               478,384  
       
MI DEVS INC CL A SUB VTG SHS COM STK
    31510               1,148,224  
       
MICROSOFT CORP COM
    319047               9,402,315  

12


Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
MONSANTO CO NEW COM
    9400               634,876  
       
MONSTER WORLDWIDE INC COM
    11200               460,320  
       
MOODYS CORP COM
    25000               1,555,000  
       
MORGAN STANLEY COM STK
    11357               952,625  
       
MOTOROLA INC COM
    112500               1,991,250  
       
MUELLER WTR PRODS INC COM SER A
    12200               208,132  
       
MURPHY OIL CORP COM
    54600               3,245,424  
       
NATIONAL OIL CORP COM
    24100               2,512,184  
       
NATL CY CORP COM
    57400               1,912,568  
       
NAVTEQ CORP COM
    2989               126,554  
       
NEW YORK TIMES CO CL A ISIN
    128800               3,271,520  
       
NEWELL RUBBERMAID INC COM
    119300               3,510,999  
       
NEXCEN BRANDS INC COM
    30900               344,226  
       
NII HLDGS INC COM NEW
    1400               113,036  
       
NIKE INC CL
    3900               227,331  
       
NISOURCE INC COM
    156600               3,243,186  
       
NORFOLK SOUTHN CORP COM
    20000               1,051,400  
       
NORTHWESTERN CORP COM
    11800               376,877  
       
NUCOR CORP COM
    600               35,190  
       
OFFICEMAX INC DEL COM
    23805               935,537  
       
ONEBEACON INSURANCE GROUP LTD
    35010               886,803  
       
PALL CORP COM
    37700               1,733,823  
       
PATTERSON COS INC COM
    15000               559,050  
       
PARAMOUNT RESOURCE COM NPV CLS ‘A’
    6770               131,422  
       
PEABODY ENERGY CORP COM STK
    28560               1,381,733  
       
PENNEY J.C CO INC COM
    7400               535,612  
       
PEPSICO INC COM
    5000               324,250  
       
PERKINELMER INC COM
    5400               140,724  
       
PFIZER INC COM STK $.11 1/9 PAR
    188200               4,812,274  
       
PHARMACEUTICAL PROD DEV INC COM
    21500               822,805  
       
PINNACLE W. CAP CORP COM
    29100               1,159,635  
       
PPL CORP COM
    1100               51,469  
       
PRECISION CASTPARTS CORP COM
    6600               800,976  
       
PROCTER & GAMBLE CO COM
    54900               3,359,331  
       
PROGRESS ENERGY INC COM
    58200               2,653,338  
       
PROGRESSIVE CORP OH COM
    84500               2,022,085  
       
POST PPTYS INC REIT
    9900               520,542  
       
QUALCOMM INC COM
    59200               2,568,688  
       
QUANDRA RLTY TR INC COM
    17430               218,049  
       
QWEST COMMUNICATIONS INTL INC COM
    380500               3,690,850  
       
QUEST SOFTWARE INC COM
    30300               490,557  
       
RAYTHEON CO COM NEW COM NEW
    55200               2,974,728  
       
RED HAT INC COM
    18402               409,997  
       
REORG/E FUNDS CORP CASH MERGER EFF
    19200               677,568  
       
RTI INTL METALS INC COM
    5980               450,713  

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Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
RYLAND GROUP INC COM
    13000               485,810  
       
S.W. AIRL CO COM
    138839               2,070,089  
       
SAFEWAY INC COM
    4100               139,523  
       
SALESFORCE COM INC
    19000               814,340  
       
SCHERING-PLOUGH CORP COM
    43800               1,333,272  
       
SCHLUMBERGER LTD COM STK
    81014               6,881,329  
       
SCHWAB CHARLES CORP COM NEW
    190300               3,904,956  
       
SCHOLASTIC CORP COM
    1100               39,534  
       
SCIENTIFIC GAMES CORP
    38430               1,343,129  
       
SEI INVTS CO COM
    8400               243,936  
       
SIERRA HLTH SVCS INC COM
    5000               207,900  
       
SOLERA HLDGS INC COM
    25030               485,081  
       
SPECTRA ENERGY CORP COM
    66200               1,718,552  
       
SPRINT NEXTEL CORP
    151800               3,143,778  
       
SRA INTL INC CL A
    3640               91,946  
       
ST JUDE MED INC COM
    9648               400,296  
       
STARBUCKS CORP COM
    97500               2,558,400  
       
STATOIL ASA NOK
    56100               1,742,929  
       
STATE STR CORP COM
    70429               4,817,344  
       
STRYKER CORP COMMON
    16000               1,009,440  
       
SUN MICROSYSTEMS INC COM
    119200               626,992  
       
SUN TR BANKS INC COM
    35600               3,052,344  
       
SYSCO CORP COM
    30200               996,298  
       
TAKE-TWO INTERACTIVE SOFTWARE INC
    13000               259,610  
       
TARGET CORP COM
    18026               1,146,454  
       
TECO ENERGY INC COM
    42500               730,150  
       
TEREX CORP NEW COM
    12302               1,000,153  
       
TESORO CORP
    2200               125,730  
       
THERAVANCE INC COM
    300               9,600  
       
TIME WARNER INC NEW COM
    271100               5,703,944  
       
TITANIUM METALS CORP COM NEW
    2245               71,616  
       
TJX COS INC COM
    1700               46,750  
       
TRANSOCEAN INC
    11900               1,261,162  
       
TRAVELERS COS INC COM
    66549               3,560,372  
       
TRIARC COS INC CL B SER 1
    98170               1,541,269  
       
TRIBUNE CO COM
    58147               1,709,522  
       
U S AWYS GROUP INC COM
    9400               284,538  
       
UMB FINL CORP COM
    8300               307,183  
       
UNION PAC CORP COM
    35900               4,133,885  
       
UNITED PARCEL SVC INC
    16100               1,175,300  
       
UNITED HEALTH GROUP INC COM
    3000               153,420  
       
UNUM GROUP
    87200               2,276,792  
       
US BANCORP
    129700               4,273,615  
       
USG CORP COM
    16500               809,160  
       
UST INC COM
    34200               1,836,882  
       
UTS STS STL CORP NEW COM
    2100               228,375  

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Table of Contents

Harris Corporation Retirement Plan
E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Corporate Common Stock
       
VALEANT PHARMACEUTICALS INTL
    29500               492,355  
       
VARIAN MED SYS INC COM ISIN
    24000               1,020,240  
       
VERIZON COMMUNICATIONS COM
    85634               3,525,552  
       
VIACOM INC NEW CL B
    60950               2,537,349  
       
VULCAN MATERIALS CO COM
    26900               3,081,126  
       
WAL-MART STORES INC COM
    74400               3,579,384  
       
WALGREEN CO COM
    46052               2,005,104  
       
WASTE MGMT INC DEL COM STK
    64772               2,529,347  
       
WELLPOINT INC COM
    30300               2,418,849  
       
WELLS FARGO & CO NEW COM STK
    41800               1,470,106  
       
WEBSENSE INC COM STK
    31600               671,500  
       
WHITNEY HLDG CORP COM
    15230               463,333  
       
WINDSTREAM CORP COM
    54074               798,132  
       
WYETH COM
    86200               4,942,708  
       
XCEL ENERGY INC COM
    102200               2,092,034  
       
XILINX INC COM
    39372               1,053,988  
       
YAHOO INC COM
    169204               4,590,505  
       
ZIMMER HLDGS INC COM
    7500               636,675  
       
 
                     
       
Corporate Common Stock Total
                  $ 734,038,908  
       
 
                     

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Table of Contents

Harris Corporation Retirement Plan

E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Participant Loans
       
*PARTICIPANT LOAN ASSET
  5.0% to 10.5%                  
       
— HARRIS CORP.
  Maturing through 2017             $ 29,297,970  
 
       
Participant Loans Total
                  $ 29,297,970  

16


Table of Contents

Harris Corporation Retirement Plan

E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Value of Interest in Common/Collective Trusts
       
COLTV SHORT TERM INVT FD
    15488683             $ 15,488,683  
       
MFB NTGI-QM COLLECTIVE DAILY SMALLCAP EQUITY INDEX FUND — LENDING\\
    343602               101,542,904  
       
MFB NTGI-QM COLTV DAILY AGGREGATE BD INDEX FD-LNDG
    52907               18,168,803  
       
MFB NTGI-QM COLTV DAILY RUSSELL 1000 EQTY INDEX FD-LENDING
    1208582               232,370,374  
       
MFB NTGI-QM COLTV DAILY RUSSELL 1000 GROWTH EQTY INDEX FD-LENDING
    10761               2,743,144  
       
MFB NTGI-QM COLTV DAILY RUSSELL 2000 GROWTH EQTY INDEX FD-LENDING
    443978               96,961,283  
       
MFB NTGI-QM COLTV DAILY S&P500 EQTY INDEX FD-LENDING
    70923               291,468,618  
       
MFO BK OF NY COLTV TR AGGREGATE INDEX FD
    26684530               300,849,810  
       
 
                     
       
Value of Interest in Common/Collective Trusts Total
                  $ 1,059,593,619  
       
 
                     

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Table of Contents

Harris Corporation Retirement Plan

E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Value of Interest in Registered Investment Companies
MFO ALLIANZ FDS RCM TECHNOLOGY FD INSTL CL
    552895             $ 25,560,314  
MFO COLUMBIA FDS SER TR INTL VALUE FD CLA
    9378083               239,422,460  
MFO DODGE & COX STOCK FD OPEN END FD
    515950               83,630,294  
MFO RESV INVT FDS INC
    20076172               20,076,172  
MFO STI CLASSIC FDS INSTL CASH MGMT MONEY MKT FD INSTL CL
    48051169               48,051,169  
 
Value of Interest in Registered
                       
Investment Companies Total
                  $ 416,740,409  
       
 
                     

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Table of Contents

Harris Corporation Retirement Plan

E.I.N. 34-0276860
Plan Number 015
Schedule H, Line 4(i)
Schedule of Assets (Held at End of Year)
June 29, 2007
                                 
            (c)                
            Description of Investment                
        (b)   Including             (e)  
        Identity of Issue, Borrower, Lessor,   Maturity Date, Rate of Interest,     (d)     Current  
(a)     or Similar Party   Collateral, Par or Maturity Value     Cost     Value  
            (In Shares/Par Value except                  
            Participant Loans)                  
Guaranteed Investment Contracts
GIC ING USA ANNUITY & LIFE INSURANCE CO
CNTRCT # IUS0121 RATE: 3.65% MAT: 8/6/07
    11077006             $ 11,077,006  
GIC JACKSON NATIONAL LIFE INSURANCE
CONTRACT NO. 1473-1 MTY 09/28/07 **INC
    11971125               11,971,125  
GIC BANK OF AMERICA CNTRCT # 05-004
RATE 4.92% MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESCO Multi-Mgr A or Better
    94091391               94,091,391  
GIC IXIS CNTRCT # 1121-02
RATE 4.77% MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESCO Short-term Bond Fund
    56912416               56,912,416  
GIC JP MORGAN CHASE CNTRCT #433121-S
RATE 4.77% MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESTCO Short-term Bond Fund
    57357193               57,357,193  
GIC JPMORGAN CHASE CNTRCT # 433121-LT
4.87% MAT: 0/0/00 SNTHETIC
                       
Wrapper
    0               0  
Cash on hand
    995243               995,243  
USTN 2.625 3-09; 912828CC2
    6550455               6,550,455  
USTN 3.625 7-09; 912828CN8
    5953152               5,953,152  
GIC MONUMENTAL LIFE CNTRCT # MDA-
00683TRRATE 5.20% MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESCO Multi-Mgr A or Better Core Fund
    83758480               83,758,480  
GIC STATE STREET CNTRCT # 105004
RATE 5.04% MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESCO Short-term Bond Fund
    68149358               68,149,358  
GIC UBS CNTRCT # 5204 RATE 4.84%
MAT: 00/00/0000 SYNTHETIC
                       
Wrapper
    0               0  
IGT INVESCO Multi-Mgr A or Better Interm. G/C Fund
    93701949               93,701,949  
 
                     
Guaranteed Investment Contracts Total
                  $ 490,517,768  
 
                     
Total Investments
                  $ 2,730,797,424  
       
 
                     
Note: Cost information has not been included in column (d) because all investments are participant directed.
*   Party-in-interest to the Plan

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Table of Contents

SIGNATURES
     The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.
         
  Harris Corporation Retirement Plan
Employee Benefits Committee,
as Plan Administrator
 
 
  By:   /s/ Ronald A. Wyse    
    Ronald A. Wyse, Chairperson    
       
 
Date: December 7, 2007

20