Inventories

6 Months Ended

Dec. 30, 2016

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are summarized below:

	December 30, 2016		July 1, 2016
	(In millions)
Unbilled costs and accrued earnings on fixed-price contracts	$	566	$	511
Finished products	108		128
Work in process	129		119
Raw materials and supplies	198		192
	$	1,001	$	950

Unbilled costs and accrued earnings on fixed-price contracts were net of progress payments of $98 million at December 30, 2016 and $91 million at July 1, 2016.