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Business Divestitures (Tables)
 6 Months Ended
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 businessAP disposal groupsVSE disposal groupConsolidated Total
Receivables, net$25 $19 $1 $45 
Contract assets65 11 7 83 
Inventories17 28 1 46 
Other current assets3 2 — 5 
Property, plant and equipment, net28 15 1 44 
Goodwill15 11 — 26 
Other intangible assets60 31 5 96 
Deferred taxes— 1 — 1 
Other non-current assets96 37 — 133 
Assets of disposal group held for sale$309 $155 $15 $479 
 
Accounts payable$14 $9 $1 24 
Contract liabilities52 2 1 55 
Other accrued items36 11 — 47 
Other non-current liabilities78 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 EndedTwo Quarters Ended
(In millions)July 2, 2021July 3, 2020July 2, 2021July 3, 2020
Electron Devices business
$11 $6 $30 $15 
CPS business
27 13 53 29 
Military training business18 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 EndedTwo Quarters Ended
(In millions)July 2, 2021July 3, 2020July 2, 2021July 3, 2020
VSE disposal group(1)
$(18)$(14)$(26)$(14)
CPS business(2)
(12)— (19)— 
Military training business212 — 212 — 
Airport security and automation business— (23)— (26)
Other(3)
(2)(12)(2)(12)
Total Business divestiture-related gain (losses)$180 $(49)$165 $(52)
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(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.