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ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCI")
6 Months Ended
Jan. 03, 2020
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCI)
NOTE 22: ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCI")
The components of AOCI are summarized below:
 
Foreign currency translation
 
Net unrealized (losses) gains on hedging derivatives
 
Unrecognized postretirement obligations
 
Total AOCI
 
 
 
 
 
 
 
 
 
(In millions)
Balance at June 30, 2017
$
(113
)
 
$
(17
)
 
$
(146
)
 
$
(276
)
Other comprehensive income
13

 
1

 
122

 
136

Income taxes
2

 

 
(29
)
 
(27
)
Other comprehensive income, net of tax
15

 
1

 
93

 
109

Reclassifications to retained earnings due to adoption of accounting standards update
(1
)
 
(4
)
 
(30
)
 
(35
)
Balance at June 29, 2018
(99
)
 
(20
)
 
(83
)
 
(202
)
Other comprehensive loss
(7
)
 
(24
)
 
(638
)
 
(669
)
Income taxes

 
6

 
158

 
164

Other comprehensive loss, net of tax
(7
)
 
(18
)
 
(480
)
 
(505
)
Balance at June 28, 2019
(106
)
 
(38
)
 
(563
)
 
(707
)
Other comprehensive income (loss)
25

 
(23
)
 
231

 
233

Income taxes

 
6

 
(53
)
 
(47
)
Other comprehensive income (loss), net of tax
25

 
(17
)
 
178

 
186

Amounts reclassified to earnings from AOCI(1)

 

 
18

 
18

Income taxes

 

 
(5
)
 
(5
)
Amounts reclassified to earnings from AOCI, net of tax

 

 
13

 
13

Balance at January 3, 2020
$
(81
)
 
$
(55
)
 
$
(372
)
 
$
(508
)

_______________
(1)
Amounts reclassified to earnings from AOCI are included in the gain on sale of business and non-operating income line items in our Consolidated Statement of Income.