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DISCONTINUED OPERATIONS AND DIVESTITURES (Tables) | 12 Months Ended
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Jun. 29, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Summarized Financial Information of Discontinued Operations | Depreciation and amortization, capital expenditures and significant non-cash items of discontinued operations included the following:
| Fiscal Years Ended
| 2017 |  | 2016
| (In millions)
Depreciation and amortization | $ | 39 |  |  | $ | 78 |
Capital expenditures | 4 |  |  | 19 |
Significant non-cash items: |  |  |
Impairment of goodwill and other assets | (240 | ) |  | (367 | )
Loss on sale of discontinued operations, net | (11 | ) |  | (21 | )
Summarized financial information for Aerostructures is as follows:
| Fiscal Year Ended
| 2016
| (In millions)
Revenue from product sales and services | $ | 60 |
Income before income taxes | 5 |
Net gain on sale of business | 10 |
The following table presents the key financial results of IT Services included in “Discontinued operations, net of income taxes” in our Consolidated Statement of Income:
| Fiscal Years Ended
| 2018 |  | 2017 |  | 2016
| (In millions)
Revenue from product sales and services | $ | — |  |  | $ | 895 |  |  | $ | 1,168 |
Cost of product sales and services | — |  |  | (777 | ) |  | (1,002 | )
Engineering, selling and administrative expenses | — |  |  | (68 | ) |  | (84 | )
Impairment of goodwill and other assets | — |  |  | (240 | ) |  | — |
Non-operating loss | (4 | ) |  | (9 | ) |  | — |
Income (loss) before income taxes | (4 | ) |  | (199 | ) |  | 82 |
Loss on sale of discontinued operation | — |  |  | (28 | ) |  | — |
Income tax benefit (expense) | 5 |  |  | 69 |  |  | (30 | )
Discontinued operations, net of income taxes | $ | 1 |  |  | $ | (158 | ) |  | $ | 52 |
The following table presents the key financial results of CapRock included in “Discontinued operations, net of income taxes” included in our Consolidated Statement of Income:
| Fiscal Years Ended
| 2018 |  | 2017 |  | 2016
| (In millions)
Revenue from product sales and services | $ | — |  |  | $ | 144 |  |  | $ | 361 |
Cost of product sales and services | — |  |  | (108 | ) |  | (284 | )
Engineering, selling and administrative expenses | — |  |  | (23 | ) |  | (66 | )
Impairment of goodwill and other assets | — |  |  | — |  |  | (367 | )
Non-operating income (loss) | (4 | ) |  | 4 |  |  | — |
Income (loss) before income taxes | (4 | ) |  | 17 |  |  | (356 | )
Gain on sale of discontinued operation | — |  |  | 14 |  |  | — |
Income tax benefit | — |  |  | 41 |  |  | 38 |
Discontinued operations, net of income taxes | $ | (4 | ) |  | $ | 72 |  |  | $ | (318 | )
The major components of discontinued operations in our Consolidated Statement of Income included the following:
|  | Fiscal Years Ended
|  | 2018 |  | 2017 |  | 2016
|  | (In millions)
Revenue from product sales and services | $ | — |  |  | $ | 1,039 |  |  | $ | 1,529 |
Cost of product sales and services | — |  |  | (885 | ) |  | (1,286 | )
Engineering, selling and administrative expenses | — |  |  | (91 | ) |  | (150 | )
Impairment of goodwill and other assets | — |  |  | (240 | ) |  | (367 | )
Non-operating loss, net(1) | (8 | ) |  | (7 | ) |  | (4 | )
Loss before income taxes | (8 | ) |  | (184 | ) |  | (278 | )
Loss on sale of discontinued operations, net (2) | — |  |  | (11 | ) |  | (21 | )
Income tax benefit(3) | 5 |  |  | 110 |  |  | 12 |
Discontinued operations, net of income taxes | $ | (3 | ) |  | $ | (85 | ) |  | $ | (287 | )
_______________ (1) “Non-operating loss, net” included losses of $2 million in fiscal 2017 and $4 million in fiscal 2016 related to our former broadcast communications business (“Broadcast Communications”), which was divested in fiscal 2013. (2) “Loss on sale of discontinued operations, net” included a $3 million decrease and $21 million increase to the loss on the sale of Broadcast Communications in fiscal 2017 and 2016, respectively. (3) “Income tax benefit” included a $4 million income tax benefit in fiscal 2016 related to Broadcast Communications.

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