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RESEARCH AND DEVELOPMENT
12 Months Ended
Jun. 30, 2017
Research and Development [Abstract]  
RESEARCH AND DEVELOPMENT
RESEARCH AND DEVELOPMENT
Company-sponsored research and development costs are expensed as incurred. These costs were $310 million, $305 million and $276 million in fiscal 2017, 2016 and 2015, respectively, and are included in the “Engineering, selling and administrative expenses” line item in our Consolidated Statement of Income. Customer-sponsored research and development costs are incurred pursuant to contractual arrangements, principally U.S. Government-sponsored contracts requiring us to provide a product or service meeting certain defined performance or other specifications (such as designs), and are accounted for principally by the cost-to-cost percentage-of-completion method. Customer-sponsored research and development is included in our revenue and cost of product sales and services.