Income Taxes (Tables)

12 Months Ended

Jun. 28, 2014

Reconciliation Of U.S Statutory Tax Rate To Worldwide Effective Tax Rate

The provisions for income taxes on continuing operations computed by applying the U.S. statutory rate to income from continuing operations before taxes as reconciled to the actual provisions were: 

	2014		2013		2012
Income (loss) from continuing operations before income taxes
United States	99.6	%	99.7	%	(97.9	)%
Foreign	0.4	%	0.3	%	(2.1	)%
Total	100.0	%	100.0	%	(100.0	)%
Tax expense (benefit) at U.S. statutory rate	35.0	%	35.0	%	(35.0	)%
State income taxes	3.1	%	2.1	%	0.4	%
Finalization of tax reviews and audits and changes in estimate on tax contingencies	(0.1	)	(2.1	)	(2.3	)
Domestic production deduction	(2.5	)	(1.6	)	—
Employee benefit deductions	(1.1	)	(1.5	)	(8.5	)
Non-taxable indemnification agreements	—		(1.7	)	(22.0	)
Non-deductible professional fees	2.0		0.2		28.9
Tax provision adjustments	0.7		(1.6	)	(6.5	)
Valuation allowance	(16.4	)	—		—
Other, net	(0.2	)	(0.7	)	0.8
Taxes at effective worldwide tax rates	20.5	%	28.1	%	(44.2	)%

Current And Deferred Tax Provisions

Current and deferred tax provisions (benefits) were: 

	2014					2013				2012
In millions	Current		Deferred			Current		Deferred		Current			Deferred
U.S.	$	104	$	8		$	27	$	38	$	(17	)	$	2
Foreign	—		—			—		—		—			—
State	6		(63		)	3		4		3			(3		)
	$	110	$	(55	)	$	30	$	42	$	(14	)	$	(1	)

Components Of Deferred Tax Liabilities (Assets)

The deferred tax liabilities (assets) at the respective year-ends were as follows: 

In millions	2014			2013
Deferred tax (assets)
Pension liability	$	(58	)	$	(52	)
Employee benefits	(86		)	(90		)
Nondeductible reserves	(50		)	(54		)
Net operating loss and credit carryforwards	(79		)	(51		)
Other	(46		)	(28		)
Gross deferred tax (assets)	(319		)	(275		)
Less valuation allowances	14			58
Net deferred tax (assets)	(305		)	(217		)
Deferred tax liabilities
Property, plant and equipment	100			93
Intangibles	82			33
Deferred tax liabilities	182			126
Total net deferred tax liabilities	$	(123	)	$	(91	)

Reconciliation Of Unrecognized Tax Benefits

The following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended June 28, 2014, June 29, 2013 and June 30, 2012: 

In millions	June 28, 2014			June 29, 2013			June 30, 2012
Unrecognized tax benefits
Beginning of year balance	$	67		$	74		$	83
Increases based on current period tax positions	—			—			5
Increases based on prior period tax positions	2			—			24
Decreases based on prior period tax positions	—			—			(4		)
Decreases related to settlements with tax authorities	(6		)	—			(33		)
Decreases related to a lapse of applicable statute of limitation	(3		)	(7		)	(1		)
End of year balance	$	60		$	67		$	74