Discontinued Operations (Tables)

9 Months Ended

Mar. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Income Statement, Depreciation, Amortization, Capital Expenditures of Discontinued Operations

The major components of discontinued operations in our Condensed Consolidated Statement of Income (Unaudited) included the following:

	Quarter Ended						Three Quarters Ended
	March 30, 2018			March 31, 2017			March 30, 2018			March 31, 2017
	(In millions)
Revenue from product sales and services	$	—		$	276		$	—		$	963
Cost of product sales and services	—			(236		)	—			(806		)
Engineering, selling and administrative expenses	—			(23		)	—			(95		)
Impairment of goodwill and other assets	—			(238		)	—			(240		)
Non-operating income (loss)	(2		)	(4		)	(5		)	3
Loss before income taxes	(2		)	(225		)	(5		)	(175		)
Gain (loss) on sale of discontinued operations, net (1)	—			5			—			(2		)
Income tax benefit (expense)	—			141			(3		)	127
Discontinued operations, net of income taxes	$	(2	)	$	(79	)	$	(8	)	$	(50	)

(1) “Gain (loss) on sale of discontinued operations, net” in the quarter and three quarters ended March 31, 2017 included a $3 million reduction to the loss on sale of our former broadcast communications business.

The following table presents the key financial results of IT Services included in “Discontinued operations, net of income taxes” in our Condensed Consolidated Statement of Income (Unaudited):

	Quarter Ended						Three Quarters Ended
	March 30, 2018			March 31, 2017			March 30, 2018			March 31, 2017
	(In millions)
Revenue from product sales and services	$	—		$	276		$	—		$	819
Cost of product sales and services	—			(236		)	—			(698		)
Engineering, selling and administrative expenses	—			(23		)	—			(72		)
Impairment of goodwill and other assets	—			(238		)	—			(240		)
Non-operating loss	(1		)	(4		)	(3		)	(4		)
Loss before income taxes	(1		)	(225		)	(3		)	(195		)
Loss on sale of discontinued operation	—			(21		)	—			(28		)
Income tax benefit (expense)	—			94			(3		)	84
Discontinued operations, net of income taxes	$	(1	)	$	(152	)	$	(6	)	$	(139	)

The following table presents the key financial results of CapRock included in “Discontinued operations, net of income taxes” in our Condensed Consolidated Statement of Income (Unaudited):

	Quarter Ended					Three Quarters Ended
	March 30, 2018			March 31, 2017		March 30, 2018			March 31, 2017
	(In millions)
Revenue from product sales and services	$	—		$	—	$	—		$	144
Cost of product sales and services	—			—		—			(108		)
Engineering, selling and administrative expenses	—			—		—			(23		)
Non-operating income (loss)	(1		)	—		(2		)	8
Income (loss) before income taxes	(1		)	—		(2		)	21
Gain on sale of discontinued operation	—			23		—			23
Income tax benefit	—			47		—			43
Discontinued operations, net of income taxes	$	(1	)	$	70	$	(2	)	$	87

Depreciation and amortization, capital expenditures and significant noncash items of discontinued operations in our Condensed Consolidated Statement of Income (Unaudited) included the following:

	Quarter Ended		Three Quarters Ended
	March 31, 2017		March 31, 2017
	(In millions)
Depreciation and amortization	$	10	$	39
Capital expenditures	—		5
Significant noncash items:
Impairment of goodwill and other assets	238		240
Gain on sale of CapRock commercial business	23		23