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BUSINESS SEGMENTS (Tables)
12 Months Ended
Jun. 29, 2018
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Business Segments
Total assets by business segment is as follows:
 
2018
 
2017
 
 
 
 
 
(In millions)
Total Assets
 
 
 
Communication Systems
$
1,548

 
$
1,534

Electronic Systems
4,186

 
4,094

Space and Intelligence Systems
2,192

 
2,117

Corporate(1)
1,913

 
2,345

 
$
9,839

 
$
10,090

_______________
(1)
Identifiable intangible assets acquired in connection with our acquisition of Exelis in the fourth quarter of fiscal 2015 were recorded as Corporate assets because they benefited the entire Company as opposed to any individual segment. Exelis identifiable intangible asset balances of continuing operations recorded as Corporate assets were approximately $1.0 billion and $1.1 billion as of June 29, 2018 and June 30, 2017, respectively. Corporate assets also consisted of cash, income taxes receivable, deferred income taxes, deferred compensation plan investments, buildings and equipment and identifiable intangibles, and also included any assets and liabilities from discontinued operations. See Note 3: Discontinued Operations and Divestitures for additional information regarding discontinued operations.

Other selected financial information by business segment and geographical area is summarized below:
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
(In millions)
Capital Expenditures
 
 
 
 
 
Communication Systems
$
26

 
$
14

 
$
16

Electronic Systems
57

 
40

 
40

Space and Intelligence Systems
33

 
34

 
38

Corporate
20

 
27

 
41

Discontinued operations

 
4

 
19

 
$
136

 
$
119

 
$
154

Depreciation and Amortization
 
 
 
 
 
Communication Systems
$
57

 
$
64

 
$
63

Electronic Systems
44

 
29

 
56

Space and Intelligence Systems
36

 
37

 
40

Corporate
122

 
142

 
124

Discontinued operations

 
39

 
78

 
$
259

 
$
311

 
$
361

Geographical Information for Continuing Operations
 
 
 
 
 
U.S. operations:
 
 
 
 
 
Revenue
$
5,869

 
$
5,639

 
$
5,798

Long-lived assets
$
892

 
$
896

 
$
917

International operations:
 
 
 
 
 
Revenue
$
313

 
$
261

 
$
194

Long-lived assets
$
8

 
$
8

 
$
7

Schedule of Revenue and Income Before Taxes by Business Segments
Segment revenue, segment operating income and a reconciliation of segment operating income to total income from continuing operations before income taxes are as follows:
 
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
 
 
(In millions)
Revenue
 
 
 
 
 
Communication Systems
$
1,903

 
$
1,753

 
$
1,864

Electronic Systems
2,373

 
2,251

 
2,233

Space and Intelligence Systems
1,921

 
1,902

 
1,899

Corporate eliminations
(15
)
 
(6
)
 
(4
)
 
$
6,182

 
$
5,900

 
$
5,992

Income from Continuing Operations before Income Taxes
 
 
 
 
 
Segment Operating Income:(1)
 
 
 
 
 
Communication Systems(2)
$
571

 
$
524

 
$
522

Electronic Systems
441

 
464

 
430

Space and Intelligence Systems
336

 
311

 
288

Unallocated corporate expense and corporate eliminations(3)
(226
)
 
(226
)
 
(185
)
Non-operating income (loss)(4)
(28
)
 
2

 
10

Net interest expense
(168
)
 
(170
)
 
(181
)
Total
$
926

 
$
905

 
$
884


_______________
(1)
In fiscal 2017 and 2016, segment operating income included stranded costs and Financial Accounting Standards (“FAS”) pension income previously reported as part of our former Critical Networks segment but now re-allocated to our remaining three segments.
(2)
Communication Systems operating income in fiscal 2016 included $20 million of charges primarily related to workforce reductions, facility consolidation and other items. We recorded $14 million of these charges in the “Cost of product sales and services” line item and the remaining $6 million of these charges in the “Engineering, selling and administrative expenses” line item in the accompanying Consolidated Statement of Income.
(3)
Unallocated corporate expense and corporate eliminations includes: (i) the impact of a net liability reduction of $101 million in fiscal 2016 for certain post-employment benefit plans, (ii) $101 million, $109 million and $109 million in fiscal 2018, 2017 and 2016, respectively, for amortization of identifiable intangible assets acquired as a result of our acquisition of Exelis (because the acquisition of Exelis benefited the entire Company as opposed to any individual segment, the amortization of identifiable intangible assets acquired in the Exelis acquisition was recorded as unallocated corporate expense), (iii) $5 million, $58 million and $121 million of Exelis acquisition-related and other charges in fiscal 2018, 2017 and 2016, respectively, (iv) $47 million of charges related to our decision to transition and exit a commercial air-to-ground LTE radio communications line of business and other items in fiscal 2018, and (v) a $12 million non-cash adjustment for deferred compensation in fiscal 2018. 
(4)
Non-operating income (loss) in fiscal 2018 includes $27 million of losses and other costs related to debt refinancing. Additional information regarding non-operating income (loss) is set forth in Note 19: Non-Operating Income (Loss).