XML 41 R18.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

GOODWILL | 6 Months Ended
--- | ---
Jan. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | NOTE 10: GOODWILL As discussed in Note 25: Business Segments in these Notes, after the completion of the L3Harris Merger, we adjusted our segment reporting to reflect our new organizational structure effective June 29, 2019. Because our accounting for the L3Harris Merger is still preliminary, we assigned goodwill acquired on a provisional basis. Immediately before and after our goodwill assignments, we completed an assessment of any potential goodwill impairment under our former and new segment reporting structure and determined that no impairment existed. The assignment of goodwill by business segment, and changes in the carrying amount of goodwill for the two quarters ended January 3, 2020, and fiscal 2019 and 2018 were as follows:
| Integrated Mission Systems |  | Space and Airborne Systems |  | Communication Systems |  | Aviation Systems |  | Other non-reportable business segments |  | Total
| (In millions)
Balance at June 30, 2017 | $ | 64 |  |  | $ | 3,733 |  |  | $ | 927 |  |  | $ | 612 |  |  | $ | 30 |  |  | $ | 5,366 |
Currency translation adjustments | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Balance at June 29, 2018 | 64 |  |  | 3,739 |  |  | 927 |  |  | 612 |  |  | 30 |  |  | 5,372 |
Currency translation adjustments | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Decrease from reclassification to assets of disposal group held for sale(1) | — |  |  | — |  |  | — |  |  | — |  |  | (30 | ) |  | (30 | )
Balance at June 28, 2019 | 64 |  |  | 3,737 |  |  | 927 |  |  | 612 |  |  | — |  |  | 5,340 |
Goodwill acquired | 5,704 |  |  | 1,390 |  |  | 3,316 |  |  | 4,239 |  |  | — |  |  | 14,649 |
Currency translation adjustments | 1 |  |  | 4 |  |  | — |  |  | 7 |  |  | — |  |  | 12 |
Balance at January 3, 2020 | $ | 5,768 |  |  | $ | 5,131 |  |  | $ | 4,243 |  |  | $ | 4,859 |  |  | $ | — |  |  | $ | 20,001 |
_______________ (1) In the fourth quarter of fiscal 2019, in connection with our then-pending divestiture of the Harris Night Vision business, which was reported as part of our former Communication Systems segment, we assigned $30 million of goodwill to the Harris Night Vision business on a relative fair value basis, because the divestiture of the Harris Night Vision business represented the disposal of a portion of a reporting unit. The Harris Night Vision business’ assets, including assigned goodwill, are presented as “Assets of disposal group held for sale” in our Consolidated Balance Sheet as of June 28, 2019. We completed the sale of the Harris Night Vision business on September 13, 2019. As a result, the goodwill assigned to the Harris Night Vision business was not allocated to any of our new business segments, and, consequently, it is included in “Other non-reportable business segments” in the table above. See Note 3: Divestitures, Asset Sales and Discontinued Operations in these Notes for additional information regarding the sale of the Harris Night Vision business.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
Name: | us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration