CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2017	Jul. 01, 2016
Current Assets
Cash and cash equivalents	$ 484	$ 487
Receivables	623	674
Inventories	841	867
Income taxes receivable	24	75
Other current assets	101	124
Current assets of discontinued operations	0	397
Total current assets	2,073	2,624
Non-current Assets
Property, plant and equipment	904	924
Goodwill	5,366	5,352
Other intangible assets	1,104	1,231
Non-current deferred income taxes	409	549
Other non-current assets	234	252
Non-current assets of discontinued operations	0	1,077
Total non-current assets	8,017	9,385
Total assets	10,090	12,009
Current Liabilities
Short-term debt	80	15
Accounts payable	540	494
Compensation and benefits	140	165
Other accrued items	317	379
Advance payments and unearned income	252	294
Income taxes payable	31	4
Current portion of long-term debt	554	382
Current liabilities of discontinued operations	12	248
Total current liabilities	1,926	1,981
Non-current Liabilities
Defined benefit plans	1,278	2,296
Long-term debt, net	3,396	4,120
Non-current deferred income taxes	34	4
Other long-term liabilities	507	506
Non-current liabilities of discontinued operations	21	45
Total non-current liabilities	5,236	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 119,628,884 shares at June 30, 2017 and 124,643,407 shares at July 1, 2016	120	125
Other capital	1,741	2,096
Retained earnings	1,343	1,330
Accumulated other comprehensive loss	(276)	(495)
Total shareholders’ equity	2,928	3,056
Noncontrolling interests	0	1
Total equity	2,928	3,057
Total liabilities and equity	$ 10,090	$ 12,009