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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 29, 2017
Dec. 30, 2016
Operating Activities    
Net income $ 300 $ 337
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80 101
Amortization of intangible assets from Exelis Inc. acquisition 50 66
Share-based compensation 24 22
Qualified pension plan contributions 0 (103)
Pension income (68) (49)
(Increase) decrease in:    
Accounts receivable (19) 125
Inventories (102) (50)
Increase (decrease) in:    
Accounts payable (78) (47)
Advance payments and unearned income 38 (58)
Income taxes 213 70
Other (65) (119)
Net cash provided by operating activities 373 295
Investing Activities    
Additions of property, plant and equipment (43) (49)
Adjustments to proceeds from sales of businesses (2) (25)
Net cash used in investing activities (45) (74)
Financing Activities    
Net proceeds from borrowings 248 185
Repayments of borrowings (363) (300)
Proceeds from exercises of employee stock options 18 27
Repurchases of common stock (150) (100)
Cash dividends (137) (134)
Other financing activities (10) (19)
Net cash used in financing activities (394) (341)
Effect of exchange rate changes on cash and cash equivalents 4 (6)
Net decrease in cash and cash equivalents (62) (126)
Cash and cash equivalents, beginning of year 484 487
Cash and cash equivalents, end of quarter $ 422 $ 361