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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 29, 2017
Jun. 30, 2017
Current Assets    
Cash and cash equivalents $ 388 $ 484
Receivables 706 623
Inventories 896 841
Income taxes receivable 24 24
Other current assets 113 101
Total current assets 2,127 2,073
Non-current Assets    
Property, plant and equipment 890 904
Goodwill 5,376 5,366
Other intangible assets 1,077 1,104
Non-current deferred income taxes 409 409
Other non-current assets 220 234
Total non-current assets 7,972 8,017
Total assets 10,099 10,090
Current Liabilities    
Short-term debt 80 80
Accounts payable 452 540
Compensation and benefits 130 140
Other accrued items 342 329
Advance payments and unearned income 264 252
Income taxes payable 128 31
Current portion of long-term debt 522 554
Total current liabilities 1,918 1,926
Non-current Liabilities    
Defined benefit plans 1,237 1,278
Long-term debt, net 3,395 3,396
Non-current deferred income taxes 35 34
Other long-term liabilities 527 528
Total non-current liabilities 5,194 5,236
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 119,045,836 shares at September 29, 2017 and 119,628,884 shares at June 30, 2017 119 120
Other capital 1,731 1,741
Retained earnings 1,387 1,343
Accumulated other comprehensive loss (250) (276)
Total shareholders’ equity 2,987 2,928
Total liabilities and equity $ 10,099 $ 10,090