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Research And Development
12 Months Ended
Jun. 29, 2012
Research And Development [Abstract]  
RESEARCH AND DEVELOPMENT

NOTE 16: RESEARCH AND DEVELOPMENT

 

Company-sponsored research and product development costs are expensed as incurred. These costs were $218.9 million, $239.8 million and $228.1 million in fiscal 2012, 2011 and 2010, respectively, and are included in the “Engineering, selling and administrative expenses” line item in our Consolidated Statement of Income. Customer-sponsored research and development costs are incurred pursuant to contractual arrangements and are accounted for principally by the cost-to-cost percentage-of-completion method. Customer-sponsored research and development costs incurred under U.S. Government-sponsored contracts require us to provide a product or service meeting certain defined performance or other specifications (such as designs). Customer-sponsored research and development was $694.8 million, $647.3 million and $720.9 million in fiscal 2012, 2011 and 2010, respectively. Customer-sponsored research and development is included in our revenue and cost of product sales and services.