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DIVESTITURES, ASSET SALES AND DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Jan. 03, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Financial Results of Discontinued Operations | 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
| June 28, 2019 |  | June 29, 2018 |  | June 30, 2017
| (In millions)
Revenue from product sales and services | $ | — |  |  | $ | — |  |  | $ | 895 |
Cost of product sales and services | — |  |  | — |  |  | (777 | )
Engineering, selling and administrative expenses | — |  |  | — |  |  | (68 | )
Impairment of goodwill and other assets | — |  |  | — |  |  | (240 | )
Non-operating loss | (1 | ) |  | (4 | ) |  | (9 | )
Loss before income taxes | (1 | ) |  | (4 | ) |  | (199 | )
Loss on sale of discontinued operations, net | — |  |  | — |  |  | (28 | )
Income tax benefit | — |  |  | 5 |  |  | 69 |
Discontinued operations, net of income taxes | $ | (1 | ) |  | $ | 1 |  |  | $ | (158 | )
The major components of discontinued operations in our Consolidated Statement of Income included the following:
| Two Quarters Ended |  | Fiscal Years Ended
| January 3, 2020 |  | June 28, 2019 |  | June 29, 2018 |  | June 30, 2017
| (In millions)
Revenue from product sales and services | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,039 |
Cost of product sales and services | — |  |  | — |  |  | — |  |  | (885 | )
Engineering, selling and administrative expenses | — |  |  | — |  |  | — |  |  | (91 | )
Impairment of goodwill and other assets | — |  |  | — |  |  | — |  |  | (240 | )
Non-operating loss, net(1) | (1 | ) |  | (5 | ) |  | (8 | ) |  | (7 | )
Loss before income taxes | (1 | ) |  | (5 | ) |  | (8 | ) |  | (184 | )
Loss on sale of discontinued operations, net(2) | — |  |  | — |  |  | — |  |  | (11 | )
Income tax benefit | — |  |  | 1 |  |  | 5 |  |  | 110 |
Discontinued operations, net of income taxes | $ | (1 | ) |  | $ | (4 | ) |  | $ | (3 | ) |  | $ | (85 | )
_______________
(1) | “Non-operating loss, net” included a loss of $2 million in fiscal 2017 related to our former broadcast communications business (“Broadcast Communications”), which was divested in fiscal 2013.
(2) | “Loss on sale of discontinued operations, net” in fiscal 2017 included a $3 million decrease to the loss on the sale of Broadcast Communications.
Depreciation and amortization, capital expenditures and significant non-cash items of discontinued operations included the following:
| Fiscal Year Ended
| June 30, 2017
| (In millions)
Depreciation and amortization | $ | 39 |
Capital expenditures | 4 |
Significant non-cash items: |
Impairment of goodwill and other assets | (240 | )
Loss on sale of discontinued operations, net | (11 | )
The carrying amounts of the major classes of assets and liabilities of the Harris Night Vision business classified as held for sale at June 28, 2019 are summarized below:
| June 28, 2019
| (In millions)
Receivables | $ | 18 |
Inventories | 52 |
Property, plant and equipment | 29 |
Goodwill | 30 |
Other intangible assets | 4 |
Assets of disposal group held for sale | $ | 133 |
Accounts payable | $ | 13 |
Contract liabilities | 1 |
Compensation and benefits | 3 |
Other accrued items | 3 |
Defined benefit plans | 16 |
Liabilities of disposal group held for sale | $ | 36 |
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:
| Two Quarters Ended |  | Fiscal Years Ended
| January 3, 2020 |  | June 28, 2019 |  | June 29, 2018 |  | June 30, 2017
| (In millions)
Revenue from product sales and services | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 144 |
Cost of product sales and services | — |  |  | — |  |  | — |  |  | (108 | )
Engineering, selling and administrative expenses | — |  |  | — |  |  | — |  |  | (23 | )
Non-operating income (loss) | (1 | ) |  | (3 | ) |  | (4 | ) |  | 4 |
Income (loss) before income taxes | (1 | ) |  | (3 | ) |  | (4 | ) |  | 17 |
Gain on sale of discontinued operations | — |  |  | — |  |  | — |  |  | 14 |
Income tax benefit | — |  |  | 1 |  |  | — |  |  | 41 |
Discontinued operations, net of income taxes | $ | (1 | ) |  | $ | (2 | ) |  | $ | (4 | ) |  | $ | 72 |

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