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Business Divestitures (Tables) | 6 Months Ended
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Jul. 02, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets and Liabilities, Income (Loss) Before Taxes and Gains (Losses) of Business Divested or Held for Sale | The carrying amounts of the major classes of assets and liabilities for the businesses classified as held for sale included in our Condensed Consolidated Balance Sheet (Unaudited) at July 2, 2021 were as follows:
(In millions) | Electron Devices business |  | AP disposal groups |  | VSE disposal group |  | Consolidated Total
Receivables, net | $ | 25 |  |  | $ | 19 |  |  | $ | 1 |  |  | $ | 45 |
Contract assets | 65 |  |  | 11 |  |  | 7 |  |  | 83 |
Inventories | 17 |  |  | 28 |  |  | 1 |  |  | 46 |
Other current assets | 3 |  |  | 2 |  |  | — |  |  | 5 |
Property, plant and equipment, net | 28 |  |  | 15 |  |  | 1 |  |  | 44 |
Goodwill | 15 |  |  | 11 |  |  | — |  |  | 26 |
Other intangible assets | 60 |  |  | 31 |  |  | 5 |  |  | 96 |
Deferred taxes | — |  |  | 1 |  |  | — |  |  | 1 |
Other non-current assets | 96 |  |  | 37 |  |  | — |  |  | 133 |
Assets of disposal group held for sale | $ | 309 |  |  | $ | 155 |  |  | $ | 15 |  |  | $ | 479 |
Accounts payable | $ | 14 |  |  | $ | 9 |  |  | $ | 1 |  |  | 24 |
Contract liabilities | 52 |  |  | 2 |  |  | 1 |  |  | 55 |
Other accrued items | 36 |  |  | 11 |  |  | — |  |  | 47 |
Other non-current liabilities | 78 |  |  | 37 |  |  | — |  |  | 115 |
Deferred taxes | — |  |  | 2 |  |  | — |  |  | 2 |
Liabilities of disposal group held for sale | $ | 180 |  |  | $ | 61 |  |  | $ | 2 |  |  | $ | 243 |
The following table presents the amount of income (loss) before income taxes attributable to businesses divested or held for sale in our Condensed Consolidated Statement of Income (Unaudited):
| Quarter Ended |  | Two Quarters Ended
(In millions) | July 2, 2021 |  | July 3, 2020 |  | July 2, 2021 |  | July 3, 2020
Electron Devices business | $ | 11 |  |  | $ | 6 |  |  | $ | 30 |  |  | $ | 15 |
CPS business | 27 |  |  | 13 |  |  | 53 |  |  | 29 |
Military training business | 18 |  |  | 16 |  |  | 35 |  |  | 40 |
Airport security and automation business | — |  |  | (3) |  |  | — |  |  | 9 |
The “Business divestiture-related gains (losses)” line item in our Condensed Consolidated Statement of Income (Unaudited) is comprised of the following pre-tax gains (losses) associated with businesses divested or held for sale:
| Quarter Ended |  | Two Quarters Ended
(In millions) | July 2, 2021 |  | July 3, 2020 |  | July 2, 2021 |  | July 3, 2020
VSE disposal group(1) | $ | (18) |  |  | $ | (14) |  |  | $ | (26) |  |  | $ | (14) |
CPS business(2) | (12) |  |  | — |  |  | (19) |  |  | — |
Military training business | 212 |  |  | — |  |  | 212 |  |  | — |
Airport security and automation business | — |  |  | (23) |  |  | — |  |  | (26) |
Other(3) | (2) |  |  | (12) |  |  | (2) |  |  | (12) |
Total Business divestiture-related gain (losses) | $ | 180 |  |  | $ | (49) |  |  | $ | 165 |  |  | $ | (52) |
_______________ (1)During the quarter ended July 3, 2020, upon classifying the VSE disposal group as held for sale, we recorded a non-cash impairment charge of $14 million, which is included in the “Impairment of goodwill and other assets” line item in our Condensed Consolidated Statement of Income (Unaudited) for the quarter ended July 3, 2020. We recognized an $18 million non-cash remeasurement loss related to the VSE disposal group during the year ended January 1, 2021. (2)During the quarter ended April 2, 2021, upon classifying the CPS business as held for sale, we recorded a non-cash impairment charge of $62 million, which is included in the “Impairment of goodwill and other assets” line item in our Condensed Consolidated Statement of Income (Unaudited). See Note I — Goodwill and Other Intangible Assets in these Notes for additional information. (3)Reflects adjustments to the gains and losses on completed divestitures not shown above, including for fiscal 2020, $12 million for finalization of purchase price adjustments and recognition of a non-cash adjustment related to working capital, which decreased the gain initially recognized on the sale of the Harris Night Vision business divested on September 13, 2019.

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