I found this out during my last trip.  
I was setting the TM down into the water and noticed the (transducer) cable had come loose of the rigging.  Not thinking, I continued.  POP! 797c2i head unit overboard.  Ugh.  My heart dropped into my rectum (what a feeling that is...) when I heard several hits on the bottom of the hull.  The sounds were moving aft; I followed.  From the transom pops the head unit!  I was shocked, to say the least. I snatched it up and put it back in the mount.  It still worked.  WOW!  
I had no idea that the head unit would float.  For the record - NOT going to try this with the 997...!