XML 71 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Research And Development
12 Months Ended
Jun. 27, 2014
Research And Development [Abstract]  
RESEARCH AND DEVELOPMENT

NOTE 16: RESEARCH AND DEVELOPMENT

 

Company-sponsored research and development costs are expensed as incurred. These costs were $264.1 million, $254.1 million and $218.9 million in fiscal 2014, 2013 and 2012, respectively, and are included in the “Engineering, selling and administrative expenses” line item in our Consolidated Statement of Income. These costs in fiscal 2013 included a $17.8 million write-off of capitalized software in our Integrated Network Solutions segment as a result of a change in accounting estimate. Customer-sponsored research and development costs are incurred pursuant to contractual arrangements, principally U.S. Government-sponsored contracts requiring us to provide a product or service meeting certain defined performance or other specifications (such as designs), and are accounted for principally by the cost-to-cost percentage-of-completion method. Customer-sponsored research and development is included in our revenue and cost of product sales and services.