Condensed Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Mar. 31, 2017	Jul. 01, 2016
Current Assets
Cash and cash equivalents	$ 302	$ 487
Receivables	714	674
Inventories	894	867
Income taxes receivable	68	75
Other current assets	106	124
Current assets of discontinued operations	792	397
Total current assets	2,876	2,624
Non-current Assets
Property, plant and equipment	895	924
Goodwill	5,367	5,352
Other intangible assets	1,136	1,231
Non-current deferred income taxes	612	549
Other non-current assets	221	252
Non-current assets of discontinued operations	0	1,077
Total non-current assets	8,231	9,385
Total assets	11,107	12,009
Current Liabilities
Short-term debt	233	15
Accounts payable	428	494
Compensation and benefits	179	165
Other accrued items	346	379
Advance payments and unearned income	231	294
Income taxes payable	8	4
Current portion of long-term debt	121	382
Current liabilities of discontinued operations	186	248
Total current liabilities	1,732	1,981
Non-current Liabilities
Defined benefit plans	2,069	2,296
Long-term debt, net	3,859	4,120
Non-current deferred income taxes	5	4
Other long-term liabilities	522	506
Non-current liabilities of discontinued operations	6	45
Total non-current liabilities	6,461	6,971
Shareholders’ Equity:
Preferred stock, without par value; 1,000,000 shares authorized; none issued	0	0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 121,740,174 shares at March 31, 2017 and 124,643,407 shares at July 1, 2016	122	125
Other capital	1,699	2,096
Retained earnings	1,554	1,330
Accumulated other comprehensive loss	(461)	(495)
Total shareholders’ equity	2,914	3,056
Noncontrolling interests	0	1
Total equity	2,914	3,057
Total liabilities and equity	$ 11,107	$ 12,009