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GOODWILL
6 Months Ended
Jan. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
NOTE 10: GOODWILL
As discussed in Note 25: Business Segments in these Notes, after the completion of the L3Harris Merger, we adjusted our segment reporting to reflect our new organizational structure effective June 29, 2019. Because our accounting for the L3Harris Merger is still preliminary, we assigned goodwill acquired on a provisional basis. Immediately before and after our goodwill assignments, we completed an assessment of any potential goodwill impairment under our former and new segment reporting structure and determined that no impairment existed.
The assignment of goodwill by business segment, and changes in the carrying amount of goodwill for the two quarters ended January 3, 2020, and fiscal 2019 and 2018 were as follows:
 
Integrated Mission Systems
 
Space and Airborne Systems
 
Communication Systems
 
Aviation Systems
 
Other non-reportable business segments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Balance at June 30, 2017
$
64

 
$
3,733

 
$
927

 
$
612

 
$
30

 
$
5,366

Currency translation adjustments

 
6

 

 

 

 
6

Balance at June 29, 2018
64

 
3,739

 
927

 
612

 
30

 
5,372

Currency translation adjustments

 
(2
)
 

 

 

 
(2
)
Decrease from reclassification to assets of disposal group held for sale(1)

 

 

 

 
(30
)
 
(30
)
Balance at June 28, 2019
64

 
3,737

 
927

 
612

 

 
5,340

Goodwill acquired
5,704

 
1,390

 
3,316

 
4,239

 

 
14,649

Currency translation adjustments
1

 
4

 

 
7

 

 
12

Balance at January 3, 2020
$
5,768

 
$
5,131

 
$
4,243

 
$
4,859

 
$

 
$
20,001


_______________
(1)
In the fourth quarter of fiscal 2019, in connection with our then-pending divestiture of the Harris Night Vision business, which was reported as part of our former Communication Systems segment, we assigned $30 million of goodwill to the Harris Night Vision business on a relative fair value basis, because the divestiture of the Harris Night Vision business represented the disposal of a portion of a reporting unit. The Harris Night Vision business’ assets, including assigned goodwill, are presented as “Assets of disposal group held for sale” in our Consolidated Balance Sheet as of June 28, 2019. We completed the sale of the Harris Night Vision business on September 13, 2019. As a result, the goodwill assigned to the Harris Night Vision business was not allocated to any of our new business segments, and, consequently, it is included in “Other non-reportable business segments” in the table above. See Note 3: Divestitures, Asset Sales and Discontinued Operations in these Notes for additional information regarding the sale of the Harris Night Vision business.