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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2017
Apr. 01, 2016
Operating Activities    
Net income $ 422 $ 164
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140 163
Amortization of intangible assets from Exelis Inc. acquisition 99 99
Share-based compensation 33 29
Gain on sale of CapRock commercial business (23) 0
Qualified pension plan contributions (143) (134)
Pension income (73) (17)
Net liability reduction for certain post-employment benefit plans 0 (101)
Impairment of goodwill and other assets 240 367
Adjustment to loss on sales of businesses, net 0 20
(Increase) decrease in:    
Accounts receivable 14 102
Inventories (26) (22)
Increase (decrease) in:    
Accounts payable and accrued expenses (113) (175)
Advance payments and unearned income (62) (87)
Income taxes (19) 70
Other 0 29
Net cash provided by operating activities 489 507
Investing Activities    
Cash paid for fixed income securities 0 (19)
Net additions of property, plant and equipment (79) (84)
Proceeds from sale of property, plant and equipment 0 2
Net proceeds from sale of CapRock commercial business 375 0
Adjustment to proceeds from sale of business (25) (11)
Net cash provided by (used in) investing activities 271 (112)
Financing Activities    
Proceeds from borrowings 235 118
Repayments of borrowings (548) (510)
Proceeds from exercises of employee stock options 50 36
Repurchases of common stock (460) 0
Cash dividends (199) (189)
Other financing activities (20) (15)
Net cash used in financing activities (942) (560)
Effect of exchange rate changes on cash and cash equivalents (3) (14)
Net decrease in cash and cash equivalents (185) (179)
Cash and cash equivalents, beginning of year 487 481
Cash and cash equivalents, end of quarter $ 302 $ 302