Condensed Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jan. 01, 2016	Jul. 03, 2015
Current Assets
Cash and cash equivalents	$ 511	$ 481
Receivables	935	1,168
Inventories	1,070	1,015
Income taxes receivable	156	87
Current deferred income taxes	0	0
Deferred compensation plan investments	41	267
Other current assets	122	165
Total current assets	2,835	3,183
Non-current Assets
Property, plant and equipment	1,102	1,165
Goodwill	5,989	6,348
Other intangible assets	1,643	1,775
Non-current deferred income taxes	376	502
Other non-current assets	152	154
Total non-current assets	9,262	9,944
Total assets	12,097	13,127
Current Liabilities
Short-term debt	198	33
Accounts payable	558	581
Compensation and benefits	159	255
Other accrued items	422	490
Advance payments and unearned income	353	433
Income taxes payable	8	57
Current deferred income taxes	0	0
Deferred compensation plan liabilities	13	267
Current portion of long-term debt	385	130
Liabilities of discontinued operations	43	28
Total current liabilities	2,139	2,274
Non-current Liabilities
Defined benefit plans	1,739	1,943
Long-term debt	4,443	5,053
Long-term contract liability	64	71
Non-current deferred income taxes	11	12
Other long-term liabilities	449	372
Total non-current liabilities	6,706	7,451
Shareholders' Equity:
Preferred stock, without par value; 1,000,000 shares authorized; none issued	0	0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 124,441,448 shares at January 1, 2016 and 123,675,756 shares at July 3, 2015	124	124
Other capital	2,066	2,031
Retained earnings	1,127	1,258
Accumulated other comprehensive loss	(66)	(16)
Total shareholders' equity	3,251	3,397
Noncontrolling interests	1	5
Total equity	3,252	3,402
Total liabilities and equity	$ 12,097	$ 13,127