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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 29, 2018
Income Tax Disclosure [Abstract] |
Schedule of Provision for Current and Deferred Income Taxes | The provisions for current and deferred income taxes are summarized as follows:
| 2018 |  | 2017 |  | 2016
| (In millions)
Current: |  |  |  |  |
United States | $ | (141 | ) |  | $ | 117 |  |  | $ | (36 | )
International | 12 |  |  | 9 |  |  | 6 |
State and local | (11 | ) |  | 6 |  |  | (11 | )
| (140 | ) |  | 132 |  |  | (41 | )
Deferred: |  |  |  |  |
United States | 322 |  |  | 126 |  |  | 279 |
International | (3 | ) |  | 1 |  |  | (3 | )
State and local | 26 |  |  | 8 |  |  | 38 |
| 345 |  |  | 135 |  |  | 314 |
| $ | 205 |  |  | $ | 267 |  |  | $ | 273 |
Schedule of Provision for Income Taxes | The total income tax provision is summarized as follows:
| 2018 |  | 2017 |  | 2016
| (In millions)
Continuing operations | $ | 205 |  |  | $ | 267 |  |  | $ | 273 |
Discontinued operations | (5 | ) |  | (110 | ) |  | (12 | )
Total income tax provision | $ | 200 |  |  | $ | 157 |  |  | $ | 261 |
Schedule of Reconciliation of the United States Statutory to Effective Income Tax Rate | A reconciliation of the U.S. statutory income tax rate to our effective income tax rate follows:
| 2018 |  | 2017 |  | 2016
U.S. statutory income tax rate | 28.1 | % |  | 35.0 | % |  | 35.0 | %
State taxes | 1.9 |  |  | 1.0 |  |  | 1.8 |
International income | (0.5 | ) |  | (1.3 | ) |  | (1.2 | )
Nondeductible goodwill | — |  |  | — |  |  | 0.9 |
Research and development tax credit | (2.9 | ) |  | (2.0 | ) |  | (2.3 | )
Change in valuation allowance | 0.2 |  |  | (0.2 | ) |  | (2.6 | )
U.S. production activity benefit | (0.9 | ) |  | (0.5 | ) |  | (0.4 | )
Excess tax benefits on equity-based compensation | (1.8 | ) |  | (2.6 | ) |  | — |
Settlement of tax audits | (2.2 | ) |  | — |  |  | (0.3 | )
U.S. tax reform | (0.2 | ) |  | — |  |  | — |
Other items | 0.4 |  |  | 0.1 |  |  | — |
Effective income tax rate | 22.1 | % |  | 29.5 | % |  | 30.9 | %
Schedule of Components of Deferred Income Tax Assets (Liabilities) | The components of deferred income tax assets (liabilities) were as follows:
|  | June 29, 2018 |  | June 30, 2017
|  | (In millions)
Deferred tax assets: |  |  |
Inventory valuations | $ | 21 |  |  | $ | 31 |
Accruals | 176 |  |  | 292 |
Deferred revenue | 7 |  |  | 16 |
Domestic tax loss and credit carryforwards | 86 |  |  | 60 |
International tax loss and credit carryforwards | 33 |  |  | 35 |
Share-based compensation | 26 |  |  | 31 |
Capital loss carryforwards | 101 |  |  | 133 |
Long-term debt | — |  |  | 13 |
Pension and other post-employment benefits | 188 |  |  | 509 |
Unrealized loss on interest rate hedges | 7 |  |  | 10 |
Unrecognized tax benefits | 4 |  |  | 7 |
Other | 1 |  |  | (17 | )
Total deferred tax assets | 650 |  |  | 1,120 |
Less: valuation allowance(1) | (181 | ) |  | (183 | )
Total deferred tax assets, net of valuation allowance | 469 |  |  | 937 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | (65 | ) |  | (51 | )
Unbilled receivables | (86 | ) |  | (5 | )
Acquired intangibles | (268 | ) |  | (459 | )
Unremitted earnings of foreign subsidiaries | (24 | ) |  | (47 | )
Total deferred tax liabilities | (443 | ) |  | (562 | )
Total deferred tax assets, net of valuation allowance | $ | 26 |  |  | $ | 375 |
_______________ (1) The valuation allowance has been established to offset certain domestic and foreign deferred tax assets due to uncertainty regarding our ability to realize them in the future.
Schedule of Deferred Tax Assets, Net of Valuation Allowance | Total deferred tax assets, net of valuation allowance, were classified as follows in our Consolidated Balance Sheet:
| June 29, 2018 |  | June 30, 2017
| (In millions)
Non-current deferred income tax assets | $ | 116 |  |  | $ | 409 |
Non-current deferred income tax liabilities | (90 | ) |  | (34 | )
| $ | 26 |  |  | $ | 375 |
Schedule of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
| 2018 |  | 2017 |  | 2016
| (In millions)
Balance at beginning of fiscal year | $ | 90 |  |  | $ | 63 |  |  | $ | 124 |
Additions based on tax positions taken during current fiscal year | 17 |  |  | 52 |  |  | 7 |
Additions based on tax positions taken during prior fiscal years | 23 |  |  | — |  |  | 9 |
Decreases based on tax positions taken during prior fiscal years | (28 | ) |  | (25 | ) |  | (73 | )
Decreases from lapse in statutes of limitations | — |  |  | — |  |  | (1 | )
Decreases from settlements | — |  |  | — |  |  | (3 | )
Balance at end of fiscal year | $ | 102 |  |  | $ | 90 |  |  | $ | 63 |

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