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BUSINESS SEGMENTS (Tables) | 12 Months Ended
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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).

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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