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Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
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Sep. 30, 2011
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Oct. 20, 2011
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Dec. 31, 2010
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| Document and Entity Information [Abstract] | |||
| Entity Registrant Name | WESTERN DIGITAL CORP | ||
| Entity Central Index Key | 0000106040 | ||
| Document Type | 10-Q | ||
| Document Period End Date | Sep. 30, 2011 | ||
| Amendment Flag | false | ||
| Document Fiscal Year Focus | 2012 | ||
| Document Fiscal Period Focus | Q1 | ||
| Current Fiscal Year End Date | --06-29 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Public Float | $ 7.9 | ||
| Entity Common Stock, Shares Outstanding (actual number) | 233,790,441 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The carrying value as of the balance sheet date for estimated warranty costs. No definition available.
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- Definition
Dollar value of issued common stock whether issued at par value, no par or stated value. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. No definition available.
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- Definition
Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. No definition available.
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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified |
Sep. 30, 2011
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Jul. 01, 2011
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|---|---|---|
| Shareholders' equity: | ||
| Preferred stock, par value | $ 0.01 | $ 0.01 |
| Preferred stock, shares authorized | 5 | 5 |
| Preferred stock, shares issued | ||
| Preferred stock, shares outstanding | ||
| Common stock, par value | $ 0.01 | $ 0.01 |
| Common stock, shares authorized | 450 | 450 |
| Common stock, shares issued | 234 | 233 |
| Common stock, shares outstanding | 234 | 233 |
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Sep. 30, 2011
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Oct. 01, 2010
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| Consolidated Statements of Income [Abstract] | ||
| Revenue, net | $ 2,694 | $ 2,396 |
| Cost of revenue | 2,153 | 1,959 |
| Gross margin | 541 | 437 |
| Operating expenses: | ||
| Research and development | 193 | 167 |
| Selling, general and administrative | 89 | 59 |
| Total operating expenses | 282 | 226 |
| Operating income | 259 | 211 |
| Other income (expense): | ||
| Interest income | 3 | 2 |
| Interest and other expense | (4) | (2) |
| Total other expense, net | (1) | |
| Income before income taxes | 258 | 211 |
| Income tax provision | 19 | 14 |
| Net income | $ 239 | $ 197 |
| Income per common share: | ||
| Basic | $ 1.03 | $ 0.86 |
| Diluted | $ 1.01 | $ 0.84 |
| Weighted average shares outstanding: | ||
| Basic | 233 | 230 |
| Diluted | 237 | 234 |
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The costs incurred in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, excluding in-process research and development acquired in a business combination consummated during the period. Excludes software research and development, which has a separate concept. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Expense for borrowed money and other non-operating activities. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
|
| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards other than stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Taxes paid on vested stock awards under employee stock plans. No definition available.
|
|
Basis of Presentation
|
3 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Basis of Presentation and Supplemental Financial Statement Data [Abstract] | |
| Basis of Presentation |
1. Basis of Presentation
The accounting policies followed by Western Digital Corporation (the “Company”) are set forth
in Part II, Item 8, Note 1 of the Notes to Consolidated Financial Statements included in the
Company’s Annual Report on Form 10-K for the year ended July 1, 2011. In the opinion of management,
all adjustments necessary to fairly state the unaudited condensed consolidated financial statements
have been made. All such adjustments are of a normal, recurring nature. Certain information and
footnote disclosures normally included in the consolidated financial statements prepared in
accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have
been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange
Commission (“SEC”). These unaudited condensed consolidated financial statements should be read in
conjunction with the consolidated financial statements and the notes thereto included in the
Company’s Annual Report on Form 10-K for the year ended July 1, 2011. The results of operations for
interim periods are not necessarily indicative of results to be expected for the full year (see
note 12).
Company management has made estimates and assumptions relating to the reporting of certain
assets and liabilities in conformity with U.S. GAAP. These estimates and assumptions have been
applied using methodologies that are consistent throughout the periods presented. However, actual
results could differ materially from these estimates.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Supplemental Financial Statement Data
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Basis of Presentation and Supplemental Financial Statement Data [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplemental Financial Statement Data |
2. Supplemental Financial Statement Data
Inventories
Warranty
The Company records an accrual for estimated warranty costs when revenue is recognized. The
Company generally warrants its products for a period of one to five years. The warranty provision
considers estimated product failure rates and trends, estimated repair or replacement costs and
estimated costs for customer compensatory claims related to product quality issues, if any. A
statistical warranty tracking model is used to help prepare estimates and assists the Company in
exercising judgment in determining the underlying estimates. The statistical tracking model
captures specific detail on hard drive reliability, such as factory test data, historical field
return rates, and costs to repair by product type. Management’s judgment is subject to a greater
degree of subjectivity with respect to newly introduced products because of limited field
experience with those products upon which to base warranty estimates. Management reviews the
warranty accrual quarterly for products shipped in prior periods and which are still under
warranty. Any changes in the estimates underlying the accrual may result in adjustments that impact
current period gross margin and income. Such changes are generally a result of differences between
forecasted and actual return rate experience and costs to repair. If actual product return trends,
costs to repair returned products or costs of customer compensatory claims differ significantly
from estimates, future results of operations could be materially affected. Changes in the warranty
accrual were as follows (in millions):
Accrued warranty also includes amounts classified in other liabilities of $38 million at
September 30, 2011 and July 1, 2011.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. No definition available.
|
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Income Per Common Share
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Income per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income per Common Share |
3. Income per Common Share
The Company computes basic income per common share using net income and the weighted average
number of common shares outstanding during the period. Diluted income per common share is computed
using net income and the weighted average number of common shares and potentially dilutive common
shares outstanding during the period. Potentially dilutive common shares include certain dilutive
outstanding employee stock options, rights to purchase shares of common stock under the Company’s
Employee Stock Purchase Plan (“ESPP”) and restricted stock unit awards.
The following table illustrates the computation of basic and diluted income per common share
(in millions, except per share data):
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- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt
|
3 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Debt [Abstract] | |
| Debt |
4. Debt
In February 2008, Western Digital Technologies, Inc. (“WDTI”), a wholly-owned subsidiary of
the Company, entered into a five-year credit agreement that provided for a $500 million term loan
facility. As of September 30, 2011, the term loan facility had a variable interest rate of 1.50%
and a remaining balance of $263 million, which requires principal payments totaling $113 million
through the remainder of fiscal 2012 and $150 million in fiscal 2013. The term loan facility has a
maturity date of February 11, 2013. As of September 30, 2011, WDTI was in compliance with all
covenants.
See Note 10 for additional disclosures related to the Company’s new credit facility to be
entered into in connection with the closing of the planned acquisition of Viviti Technologies Ltd.,
until recently known as Hitachi Global Storage Technologies Holdings Pte. Ltd (“HGST”).
|
| X | ||||||||||
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- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Legal Proceedings
|
3 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Legal Proceedings [Abstract] | |
| Legal Proceedings |
5. Legal Proceedings
When the Company becomes aware of a claim or potential claim, the Company assesses the
likelihood of any loss or exposure. The Company discloses information regarding each material claim
where the likelihood of a loss contingency is probable or reasonably possible. If a loss
contingency is probable and the amount of the loss can be reasonably estimated, the Company records
an accrual for the loss. In such cases, there may be an exposure to potential loss in excess of the
amount accrued. Where a loss is not probable but is reasonably possible or where a loss in excess
of the amount accrued is reasonably possible, the Company discloses an estimate of the amount of
the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the
amount of such reasonably possible losses is not material to the Company’s financial position,
results of operations or cash flows. For each of the matters described below, the Company has
either recorded an accrual for losses that are probable and reasonably estimable or has determined
that, while a loss is reasonably possible (including potential losses in excess of the amounts
accrued by the Company), a reasonable estimate of the amount of loss or range of possible losses
with respect to the claim or in excess of amounts already accrued by the Company cannot be made.
The ability to
predict the ultimate outcome of such matters involves judgments, estimates and inherent
uncertainties. The actual outcome of such matters could differ materially from management’s
estimates.
Intellectual Property Litigation
On June 20, 2008, plaintiff Convolve, Inc. (“Convolve”) filed a complaint in the Eastern
District of Texas against the Company and two other companies alleging infringement of U.S. Patent
Nos. 6,314,473 and 4,916,635. The complaint sought unspecified monetary damages and injunctive
relief. On October 10, 2008, Convolve amended its complaint to allege infringement of only the ‘473
patent. The ‘473 patent allegedly relates to interface technology to select between certain modes
of a disk drive’s operations relating to speed and noise. A trial in the matter began on July 18,
2011 and concluded on July 26, 2011 with a verdict against the Company in an amount that is not
material to the Company’s financial position, results of operations or cash flows. The Company has
filed post-trial motions challenging the verdict and will evaluate its options for appeal after the
court rules on the post-trial motions.
On July 15, 2009, plaintiffs Carl B. Collins and Farzin Davanloo filed a complaint in the
Eastern District of Texas against the Company and ten other companies alleging infringement of U.S.
Patent Nos. 5,411,797 and 5,478,650. Plaintiffs are seeking injunctive relief and unspecified
monetary damages, fees and costs. The asserted patents allegedly relate to nanophase diamond films.
On October 11, 2011, plaintiffs and the Company filed a joint motion to stay all deadlines
applicable to claims involving the Company, indicating that the parties have reached an agreement
in principle that would resolve the case for an immaterial amount that was accrued by the Company
in the first quarter of fiscal 2012. The Court approved the motion on October 13, 2011. The parties
are in the process of finalizing a formal written settlement agreement.
On December 7, 2009, plaintiff Nazomi Communications filed a complaint in the Eastern District
of Texas against the Company and seven other companies alleging infringement of U.S. Patent Nos.
7,080,362 and 7,225,436. Plaintiffs dismissed the Eastern District of Texas suit after filing a
similar complaint in the Central District of California on February 8, 2010. The case was
subsequently transferred to the Northern District of California on October 14, 2010. Plaintiffs are
seeking injunctive relief and unspecified monetary damages, fees and costs. The asserted patents
allegedly relate to processor cores capable of Java hardware acceleration. The Company intends to
defend itself vigorously in this matter.
On January 5, 2010, plaintiff Enova Technology Corporation filed a complaint in the District
of Delaware against the Company and Initio Corporation alleging infringement of U.S. Patent Nos.
7,136,995 and 7,386,734. Plaintiff is seeking injunctive relief and unspecified monetary damages,
fees and costs. The asserted patents allegedly relate to real time full disk encryption application
specific integrated circuits, or ASICs. The Company intends to defend itself vigorously in this
matter.
On November 10, 2010, plaintiff Rembrandt Data Storage filed a complaint in the Western
District of Wisconsin against the Company alleging infringement of U.S. Patent Nos. 5,995,342 and
6,195,232. Plaintiff is seeking injunctive relief and unspecified monetary damages, fees and costs.
The asserted patents allegedly relate to specific thin film heads having solenoid coils. The
Company intends to defend itself vigorously in this matter.
On August 1, 2011, plaintiff Guzik Technical Enterprises filed a complaint in the Northern
District of California against the Company and various of its subsidiaries alleging infringement of
U.S. Patent Nos. 6,023,145 and 6,785,085, breach of contract and misappropriation of trade secrets.
Plaintiff is seeking injunctive relief and unspecified monetary damages, fees and costs. The
asserted patents allegedly relate to devices used to test hard disk drive heads and media. The
Company intends to defend itself vigorously in this matter.
On September 6, 2011, plaintiff Powerline Innovations filed a complaint in the Eastern
District of Texas against the Company alleging infringement of U.S. Patent No. 5,471,190. Plaintiff
is seeking unspecified monetary damages, fees and costs. The asserted patent allegedly relates to
power line Ethernet communications. The Company intends to defend itself vigorously in this
matter.
On October 4, 2006, plaintiff Seagate Technology LLC (“Seagate”) filed a complaint against the
Company and one of its employees formerly employed by Seagate in the Minnesota Fourth Judicial
District Court. The complaint
alleges claims based on supposed misappropriation of trade secrets and seeks injunctive relief
and unspecified monetary damages, fees and costs. On June 19, 2007, the Company’s employee filed a
demand for arbitration with the American Arbitration Association. A motion to stay the litigation
as against all defendants and to compel arbitration of all Seagate’s claims was granted on
September 19, 2007. On September 23, 2010, Seagate filed a motion to amend its claims and add
allegations based on the supposed misappropriation of additional confidential information, and the
arbitrator granted Seagate’s motion. The arbitration hearing commenced on May 23, 2011 and
concluded on July 11, 2011. The parties filed post-arbitration briefs in August 2011. The
arbitrator is expected to render a decision by November 30, 2011. The Company continues to defend
itself vigorously in this matter.
Employment Litigation
On March 20, 2009, plaintiff Ghazala H. Durrani, a former employee of the Company, filed a
putative class action complaint in the Alameda County (California) Superior Court. The complaint
alleged that certain of the Company’s engineers had been misclassified as exempt employees under
California state law and were, therefore, due unspecified amounts for unpaid hourly overtime wages
and other amounts, as well as penalties for allegedly missed meal and rest periods. By court order
dated April 24, 2009, the case was transferred to the Orange County (California) Superior Court. On
or about June 16, 2009, the Company was dismissed from the case without prejudice by stipulation,
leaving WDTI as the sole remaining defendant. On or about June 4, 2009, WDTI filed its answer to
the complaint, denying the substantive allegations thereof and raising several affirmative
defenses. The parties participated in a mediation of the case on June 3, 2010, which led to a
proposed settlement of the case. The proposed settlement, which was ultimately approved by the
court, resolved the case on a class-wide basis for an immaterial amount that was accrued by the
Company in the fourth quarter of fiscal 2010. The court granted final approval of the settlement
and entered judgment on February 7, 2011. A final accounting hearing took place on July 11, 2011,
at which the court confirmed that the settlement amount was fully paid in accordance with the
settlement agreement.
On February 26, 2010, and as thereafter amended on August 23, 2010 and December 22, 2010,
plaintiff Tariq Sadaat, a former employee of the Company, filed a putative class action complaint
in the Orange County (California) Superior Court against the Company, WDTI, Kelly Services, Inc., a
Delaware corporation (“Kelly Services”), and certain other unnamed individuals. Plaintiff sought to
represent certain hourly employees who were assigned to work at certain of the Company’s facilities
by Kelly Services, a temporary staffing agency. In this regard, the complaint alleged that the
hourly employees were due unspecified sums for unpaid overtime wages and other amounts, as well as
penalties for allegedly missed meal and rest periods. The complaint sought unspecified damages
including lost wages, penalties under the California Labor Code and other statutes, compensatory
and punitive damages, declaratory relief, injunctive relief, interest, attorneys’ fees and costs.
The Company’s response to the complaint was filed and served in January 2011. The parties
participated in a mediation of the case, which led to a proposed settlement of Sadaat’s individual
claims for an immaterial amount. The Court approved the proposed settlement on July 26, 2011, and
dismissed the complaint in its entirety, with prejudice as to Sadaat’s individual claims and
without prejudice as to the alleged class claims.
Other Matters
In the normal course of business, the Company is subject to other legal proceedings, lawsuits
and other claims. Although the ultimate aggregate amount of probable monetary liability or
financial impact with respect to these other matters is subject to many uncertainties and is
therefore not predictable with assurance, management believes that any monetary liability or
financial impact to the Company from these other matters, individually and in the aggregate, would
not be material to the Company’s financial condition, results of operations or cash flows. However,
there can be no assurance with respect to such result, and monetary liability or financial impact
to the Company from these other matters could differ materially from those projected.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
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- Definition
The entire disclosure for legal proceedings, legal contingencies, litigation, regulatory and environmental matters and other contingencies. No definition available.
|
|
Income Taxes
|
3 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Income Taxes [Abstract] | |
| Income Taxes |
6. Income Taxes
The Company’s income tax provision for the three months ended September 30, 2011 was $19
million as compared to $14 million in the prior-year period. The differences between the effective
tax rate and the U.S. Federal statutory rate are primarily due to tax holidays in Malaysia,
Singapore and Thailand that expire at various dates through 2023 and the current year generation of
income tax credits.
In the three months ended September 30, 2011, the Company recorded a net decrease of $14
million in its liability for unrecognized tax benefits. The decrease is due primarily to the
resolution of the United States Internal Revenue Service (“IRS”) audit of Komag, Incorporated
(“Komag”), which was acquired by the Company on September 5, 2007. As of September 30, 2011, the
Company had a recorded liability for unrecognized tax benefits of approximately $231 million.
Interest and penalties recognized on such amounts were not material.
The IRS has completed its field examination of the federal income tax returns for fiscal years
2006 and 2007 for the Company and calendar years 2005 and 2006 for Komag. In September 2011, the
Company received a final Revenue Agent Report (“RAR”) and Closing Agreement with respect to the
years under examination for Komag. This agreement resulted in an immaterial benefit to the
Company’s income tax provision. The Company has also received RARs from the IRS that seek
adjustments to income before income taxes of approximately $970 million in connection with
unresolved issues related primarily to transfer pricing and certain other intercompany
transactions. The Company disagrees with the proposed adjustments. In May 2011, the Company filed a
protest with the IRS Appeals Office regarding the proposed adjustments.
The Company believes that adequate provision has been made for any adjustments that may
result from tax examinations. However, the outcome of tax audits cannot be predicted with
certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not
consistent with management’s expectations, the Company could be required to adjust its provision
for income taxes in the period such resolution occurs. As of September 30, 2011, it is not possible
to estimate the amount of change, if any, in the unrecognized tax benefits that is reasonably
possible within the next twelve months. Any significant change in the amount of the Company’s
unrecognized tax benefits would most likely result from additional information or settlements
relating to the examination of the Company’s uncertain tax positions.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Sep. 30, 2011
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| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements |
7. Fair Value Measurements
Financial assets and liabilities that are remeasured and reported at fair value at each
reporting period are classified and disclosed in one of the following three levels:
Level 1. Quoted prices in active markets for identical assets or liabilities.
The following table presents information about the Company’s financial assets that are
measured at fair value on a recurring basis as of September 30, 2011, and indicates the fair value
hierarchy of the valuation techniques utilized to determine such value (in millions):
Money Market Funds. The Company’s money market funds are funds that invest in U.S. Treasury
securities and are recorded within cash and cash equivalents in the condensed consolidated balance
sheets. Money market funds are valued based on quoted market prices.
U.S. Treasury Securities. The Company’s U.S. Treasury securities are investments in Treasury
bills with original maturities of three months or less, are held in custody by a third party and
are recorded within cash and cash equivalents in the condensed consolidated balance sheets. U.S.
Treasury securities are valued using a market approach that is based on observable inputs,
including market interest rates, from multiple pricing sources.
U.S. Government Agency Securities. The Company’s U.S. Government agency securities are
investments in fixed income securities sponsored by the U.S. Government with original maturities of
three months or less, are held in custody by a third party and are recorded within cash and cash
equivalents in the condensed consolidated balance sheets. U.S. Government agency securities are
valued using a market approach that is based on observable inputs, including market interest rates,
from multiple pricing sources.
Auction-Rate Securities. The Company’s auction-rate securities have maturity dates through
2050, are primarily backed by insurance products and are accounted for as available-for-sale
securities. These investments are classified as long-term investments and recorded within other
non-current assets in the condensed consolidated balance sheets. Auction-rate securities are valued
using an income approach that is based on a discounted cash flow model or a credit default model.
The inputs to the discounted cash flow model include market interest rates and a discount factor to
reflect the illiquidity of the investments. The inputs to the credit default model include market
interest rates, yields of similar securities, and probability-weighted assumptions related to the
creditworthiness of the underlying assets.
Foreign Exchange Contracts. The Company’s foreign exchange contracts are short-term contracts
to hedge the Company’s foreign currency risk related to the Thai Baht, Malaysian Ringgit, Euro and
British Pound Sterling. Foreign exchange contracts are classified within other current assets in
the condensed consolidated balance sheets. Foreign exchange contracts are valued using an income
approach that is based on a present value of future cash flows model. The market-based observable
inputs for the model include forward rates and credit default swap rates.
In the three months ended September 30, 2011, there were no changes in Level 3 financial
assets measured on a recurring basis.
The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses
approximate fair value for all periods presented because of the short-term maturity of these assets
and liabilities. The carrying amount of debt approximates fair value because of its variable
interest rate.
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- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Foreign Exchange Contracts
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Sep. 30, 2011
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| Foreign Exchange Contracts [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Exchange Contracts |
8. Foreign Exchange Contracts
Although the majority of the Company’s transactions are in U.S. dollars, some transactions are
based in various foreign currencies. The Company purchases short-term, foreign exchange contracts
to hedge the impact of foreign currency exchange fluctuations on certain underlying assets,
revenue, liabilities and commitments for operating expenses and product costs denominated in
foreign currencies. The purpose of entering into these hedging transactions is to minimize the
impact of foreign currency fluctuations on the Company’s results of operations. These contract
maturity dates do not exceed 12 months. All foreign exchange contracts are for risk management
purposes only. The Company does not purchase foreign exchange contracts for trading or speculative
purposes. As of September 30, 2011, the Company had outstanding foreign exchange contracts with
commercial banks for Thai Baht, Malaysian Ringgit, Euro and British Pound Sterling. Thai Baht
contracts are designated as either cash flow or fair value hedges. Malaysian Ringgit contracts are
designated as cash flow hedges. Euro and British Pound Sterling contracts are designated as fair
value hedges.
If the derivative is designated as a cash flow hedge, the effective portion of the change in
fair value of the derivative is initially deferred in other comprehensive income (loss), net of
tax. These amounts are subsequently recognized into earnings when the underlying cash flow being
hedged is recognized into earnings. Recognized gains and losses on foreign exchange contracts
entered into for manufacturing-related activities are reported in cost of revenue. Hedge
effectiveness is measured by comparing the hedging instrument’s cumulative change in fair value
from inception to maturity to the underlying exposure’s terminal value. As of September 30, 2011,
the net amount of existing gains expected to be reclassified into earnings within the next 12
months was $24 million. The Company determined the ineffectiveness associated with its cash flow
hedges to be immaterial.
A change in the fair value of fair value hedges is recognized in earnings in the period
incurred and is reported as a component of operating expenses. All fair value hedges were
determined to be effective. The fair value and the changes in fair value on these contracts were
not material to the condensed consolidated financial statements.
As of September 30, 2011, the Company did not have any foreign exchange contracts with
credit-risk-related contingent features. The Company opened $902 million and $907 million, and
closed $836 million and $727 million, in foreign exchange contracts in the three months ended
September 30, 2011 and October 1, 2010, respectively. The fair value and balance sheet location of
such contracts were as follows (in millions):
The impact on the condensed consolidated financial statements was as follows (in
millions):
The total net realized transaction and foreign exchange contract currency gains and
losses were not material to the condensed consolidated financial statements during the three months
ended September 30, 2011 and October 1, 2010.
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- Definition
The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Based Compensation
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Stock Based Compensation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Based Compensation |
9. Stock-Based Compensation
During the three months ended September 30, 2011, the Company recognized in expense $9 million
for stock-based compensation related to the vesting of options issued under stock option plans and
the ESPP, compared to $11 million in the comparative prior-year period. As of September 30, 2011,
total compensation cost related to unvested stock options and ESPP rights issued to employees but
not yet recognized was $80 million and will be amortized on a straight-line basis over a weighted
average service period of approximately 2.5 years.
During the three months ended September 30, 2011 and the comparative prior-year period, the
Company recognized in expense $8 million related to the vesting of awards of restricted stock and
restricted stock units (“RSUs”). As of September 30, 2011, the aggregate unamortized fair value of
all unvested RSUs was $60 million, which will be recognized on a straight-line basis over a
weighted average vesting period of approximately 1.8 years.
Stock Option Activity
The following table summarizes activity under the Company’s stock option plans (in millions,
except per share amounts and remaining contractual lives):
If an option has an exercise price that is less than the quoted price of the Company’s common
stock at the particular time, the aggregate intrinsic value of that option at that time is
calculated based on the difference between the exercise price of the underlying options and the
quoted price of the Company’s common stock at that time. As of September 30, 2011, the Company had
options outstanding to purchase an aggregate of 5.8 million shares with an exercise price below the
quoted price of the Company’s stock on that date resulting in an aggregate intrinsic value of $46
million at that date. During the three months ended September 30, 2011, the aggregate intrinsic
value of options exercised under the Company’s stock option plans was $5 million, determined as of
the date of exercise, compared to $2 million in the comparative prior-year period.
Fair Value Disclosure — Binomial Model
The fair value of stock options granted is estimated using a binomial option-pricing model.
The binomial model requires the input of highly subjective assumptions including the expected stock
price volatility, the expected price multiple at which employees are likely to exercise stock
options and the expected employee termination rate. The Company uses historical data to estimate
option exercise, employee termination, and expected stock price volatility within the binomial
model. The risk-free rate for periods within the contractual life of the option is based on the
U.S. Treasury yield curve in effect at the time of grant. The fair value of stock options granted
was estimated using the following weighted average assumptions:
The weighted average expected term of the Company’s stock options granted during the three
months ended September 30, 2011 was 4.9 years, compared to 4.7 years in the comparative prior-year
period.
Fair Value Disclosure — Black-Scholes-Merton Model
The fair value of ESPP purchase rights issued is estimated at the date of grant of the
purchase rights using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton
option-pricing model was developed for use in estimating the fair value of traded options that have
no vesting restrictions and are fully transferable. The Black-Scholes-Merton option-pricing model
requires the input of highly subjective assumptions such as the expected stock price volatility and
the expected period until options are exercised. Purchase rights under the current
ESPP provisions are granted on either June 1 or December 1. ESPP activity was immaterial to
the condensed consolidated financial statements for the three months ended September 30, 2011 and
October 1, 2010.
RSU Activity
The following table summarizes RSU activity (in millions, except weighted average grant date
fair value):
The fair value of each RSU is the market price of our stock at the date of grant. RSUs are
generally payable in an equal number of shares of the Company’s common stock at the time of vesting
of the units. The grant-date fair value of the shares underlying the restricted stock awards at the
date of grant was $28 million for the three months ended September 30, 2011. These amounts are
being recognized to expense over the corresponding vesting periods. For purposes of valuing these
awards, the Company has assumed a forfeiture rate of 2.3%, based on a historical analysis
indicating forfeitures for these types of awards.
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- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Planned Acquisition
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3 Months Ended |
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Sep. 30, 2011
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| Planned Acquisitions [Abstract] | |
| Acquisitions |
10. Planned Acquisition
On March 7, 2011, the Company entered into a stock purchase agreement (the “Purchase
Agreement”) with Hitachi, Ltd. (“Hitachi”), Viviti Technologies Ltd., until recently known as
Hitachi Global Storage Technologies Holdings Pte. Ltd., a wholly owned subsidiary of Hitachi
(“HGST”), and Western Digital Ireland, Ltd., an indirect wholly owned subsidiary of the Company
(“WDI”). Pursuant to the Purchase Agreement, WDI agreed to acquire all of the issued and
outstanding paid-up share capital of HGST from Hitachi. The planned acquisition is intended to
result in a more efficient and innovative customer-focused storage company, with significant
operating scale, strong global talent and the industry’s broadest product lineup backed by a rich
technology portfolio. The aggregate purchase price of the planned acquisition is estimated to be
approximately $4.2 billion, due at closing, and is expected to be funded with existing cash, new
debt, and 25 million newly issued shares of the Company’s common stock. The Purchase Agreement
contains certain termination rights for both the Company and Hitachi, including the right to
terminate the Purchase Agreement if the planned acquisition has not closed by March 7, 2012. The
Purchase Agreement does not contain a termination right for the benefit of the Company in the event
it cannot obtain financing for the transaction. If the planned
acquisition has not closed by March 7, 2012 due to the failure to receive any required antitrust or competition authority’s consent,
approval or clearance or any action by certain governmental entities to prevent the planned
acquisition for antitrust or competition reasons, the Company will, concurrently with such
termination, be required to pay Hitachi a fee of $250 million in cash. During the three months
ended September 30, 2011, the Company incurred $11 million of expenses related to the planned
acquisition of HGST, which are included within selling, general and administrative expense in the
condensed consolidated statement of income.
On March 7, 2011, in connection with the planned acquisition of HGST, the Company, WDTI and
WDI entered into a commitment letter with Bank of America, N.A. and Merrill Lynch, Pierce, Fenner &
Smith Incorporated regarding a new credit facility for an amount of $2.5 billion, consisting of a
$500 million revolving credit facility and $2.0 billion in term loans, to be entered into in
connection with the closing of the planned acquisition (the “Senior Facility”). Since entering into
the commitment letter, Bank of America N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated
led the effort to syndicate the Senior Facility for an amount of up to $3.0 billion, consisting of
a $500 million revolving credit facility and up to $2.5 billion in term loans. As a result of such
effort, the Company, WDTI and WDI have fully negotiated definitive loan documents for the Senior
Facility with the syndicate members. The Company, WDTI and WDI expect all of these syndicate
members to be part of the final lender group, subject to customary closing conditions, including
completion of the acquisition in accordance with its terms, the
receipt of antitrust approvals or the expiration
of applicable waiting periods without any action being taken by an authority that would impose
any material adverse condition on the Company, HGST or their respective subsidiaries taken as a whole, and there not having occurred for HGST,
the Company or WDI a material adverse effect on their
respective business, financial condition or operations. We are required to pay a commitment
fee at the rate of 0.35%, per annum, of the aggregate unfunded amount committed to be borrowed
under the Senior Facility.
The planned acquisition of HGST is subject to several closing conditions, including the
receipt of antitrust approvals or the expiration of applicable waiting periods in the United
States, the European Union, the People’s Republic of China, Japan, Korea and Mexico. In certain
jurisdictions, the Company has received requests for additional information and is engaged in more
in-depth reviews of the pending acquisition. The Company has proposed a remedy to the European
Commission intended to address the preliminary assessment of competitive effects of the transaction
set out by the European Commission. This proposal remains under consideration by the European
Union and there is no assurance that the proposal will be accepted or, if accepted, can be
successfully implemented. The Company is cooperating fully with each of the regulatory authorities
reviewing the proposed transaction. Subject to obtaining the required regulatory approvals or
expiration of applicable waiting periods, the Company is targeting the transaction to close in its
second quarter of fiscal 2012.
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- Definition
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Recent Accounting Pronouncements
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3 Months Ended |
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Sep. 30, 2011
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| New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
| Recent Accounting Pronouncements |
11. Recent Accounting Pronouncements
In June 2011, the FASB issued ASU 2011-05 “Presentation of Comprehensive Income” (“ASU
2011-05”). ASU 2011-05 requires that all non-owner changes in shareholders’ equity be presented
either in a single continuous statement of comprehensive income or in two separate but continuous
statements. If presented in two separate statements, the first statement should present total net
income and its components followed immediately by a second statement of total other comprehensive
income, its components and the total comprehensive income. ASU 2011-05 is effective for fiscal
years, and interim periods within those fiscal years, beginning after December 15, 2011, which for
the Company is the first quarter of fiscal 2013. The Company is currently evaluating how it will
report comprehensive income, but either method permitted will constitute a change in the Company’s
financial statement presentation.
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- Definition
The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Event
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3 Months Ended |
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Sep. 30, 2011
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| Subsequent Events [Abstract] | |
| Subsequent Event |
12. Subsequent Event
The Company suspended production in all of its Thailand manufacturing facilities during the
week of October 10, 2011 due to severe flooding in Thailand, and the flood waters have since
inundated these facilities and submerged equipment located there. The flooded facilities in
Thailand include the Company’s magnetic head slider fabrication
facilities, which supply a
substantial majority of the Company’s magnetic head requirements. The flooded facilities in
Thailand also include the Company’s hard drive, head gimbal assembly (“HGA”) and head stack
assembly (“HSA”) facilities. Approximately 60% of the hard drives produced by the Company in the
quarter ended September 30, 2011 came from its Thailand facilities. In addition to the suspension
of the Company’s Thailand hard drive assembly operations and the internal slider shortages, the
Company is also experiencing other shortages of component parts from vendors located in several
Thailand industrial parks that have been flooded or have been affected by protective plant
shutdowns.
The Company is evaluating the Thailand situation on an ongoing basis and does not know, at
this time, when it will recommence operations in Thailand, including the operation of its Thailand
slider fabrication facility that also supports operations outside of Thailand. The Company is also
uncertain about the timeline for recovery and recommencement of production by suppliers in
Thailand. The Company is pursuing its options so that it can safely begin working to accelerate
the water removal and either extract and transfer equipment to clean rooms in another location or
prepare the equipment for operation on-site. The Company expects the suspension of its operations in Thailand
and that of some of its suppliers will continue into the March quarter and possibly beyond. During
this time, the Company’s operations outside Thailand will be impacted by a shortage of sliders that
would otherwise be produced by the Company in Thailand and other shortages of components produced
by some of its suppliers impacted by the floods. The Company is working with its suppliers to
better understand the effect of the flooding on the supply chain and to locate alternative sources
of supply, and is also pursuing all options to maximize existing capacity in other locations,
including its Malaysian hard drive assembly facility and a third-party slider fabrication facility
in the Philippines.
The flooding of the Company’s Thailand facilities, combined with the flood damage to the
supply chain in Thailand, will have a significant impact on the Company’s overall operations and
its ability to meet customer demand for its products in the December quarter and possibly beyond.
While the Company expects industry unit
demand in the December quarter will be flat to slightly down from the September quarter, it
expects that its hard drive shipments during the December quarter will be between 22 million and 26
million units in contrast to the 58 million units shipped in the September quarter and that the
overall hard drive industry unit shipments in the December quarter will also be supply constrained
due to the flooding. In addition, while the Company’s operations in Thailand remain suspended
completely or in part, its costs will be impacted negatively by significant under-absorption of its
assets and infrastructure, costs it will incur in restoring supply and increased costs of use of
air freight and other charges to expedite the immediate availability of the Company’s production
for its customers. The Company also expects to incur significant unusual charges and expenses
related to the flooding of its operations, including such items as fixed asset impairments,
inventory write-downs, purchase order cancellations for excess materials that cannot be used near
term, service charges for reclaim and recovery work and foreign exchange losses to settle a portion
of its forward exchange contracts that exceed its current requirements. The Company is unable to
estimate the amount of these charges and expenses at this time.
Given the lower expected product shipments, the Company anticipates its net revenue in the
December quarter will be substantially lower than the quarter ended September 30, 2011. In
addition, while the Company believes that supply constraint, relative
to demand, will result in a higher
average selling price (“ASP”) for the December quarter, the Company expects that the higher costs
referenced above will result in negative gross margins and that it will incur a significant loss
for the quarter before taking into account unusual charges and expenses the Company expects to
incur related to the flooding. The Company’s revenues, gross margins and operating results will
continue to be negatively impacted in subsequent quarters until the Company and its supply sources
affected by the Thailand flooding are able to substantially restore operations, the supply chain
infrastructure is re-established and the Company is able to regain any lost market share.
The Company maintains insurance coverage that provides for reimbursement from losses resulting
from flood damage. The Company anticipates the amount of flood damage incurred will exceed the
policy’s limit but cannot estimate by how much at this time. The Company also maintains insurance
for business interruption losses, and is currently working with its
insurance carrier to determine the amounts which may be recoverable under this policy.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|
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Basis of Presentation (Policies)
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3 Months Ended |
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Sep. 30, 2011
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| Basis of Presentation and Supplemental Financial Statement Data [Abstract] | |
| Use of estimates and assumptions |
The accounting policies followed by Western Digital Corporation (the “Company”) are set forth
in Part II, Item 8, Note 1 of the Notes to Consolidated Financial Statements included in the
Company’s Annual Report on Form 10-K for the year ended July 1, 2011. In the opinion of management,
all adjustments necessary to fairly state the unaudited condensed consolidated financial statements
have been made. All such adjustments are of a normal, recurring nature. Certain information and
footnote disclosures normally included in the consolidated financial statements prepared in
accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have
been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange
Commission (“SEC”). These unaudited condensed consolidated financial statements should be read in
conjunction with the consolidated financial statements and the notes thereto included in the
Company’s Annual Report on Form 10-K for the year ended July 1, 2011. The results of operations for
interim periods are not necessarily indicative of results to be expected for the full year (see
note 12).
Company management has made estimates and assumptions relating to the reporting of certain
assets and liabilities in conformity with U.S. GAAP. These estimates and assumptions have been
applied using methodologies that are consistent throughout the periods presented. However, actual
results could differ materially from these estimates.
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- Details
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Financial Statement Data (Tables)
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Sep. 30, 2011
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| Basis of Presentation and Supplemental Financial Statement Data [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories |
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| Changes in accrual warranty |
Accrued warranty also includes amounts classified in other liabilities of $38 million at
September 30, 2011 and July 1, 2011.
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- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Per Common Share (Tables)
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Sep. 30, 2011
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| Income per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computation of basic and diluted income per common share |
The following table illustrates the computation of basic and diluted income per common share
(in millions, except per share data):
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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Fair Value Measurements (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial assets measured at fair value on a recurring basis |
The following table presents information about the Company’s financial assets that are
measured at fair value on a recurring basis as of September 30, 2011, and indicates the fair value
hierarchy of the valuation techniques utilized to determine such value (in millions):
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| X | ||||||||||
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- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Foreign Exchange Contracts (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Foreign Exchange Contracts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value and balance sheet location |
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| Gains (Losses) of Derivatives in Cash Flow Hedging Relationships |
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- Details
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- Definition
Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Based Compensation (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011
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| Stock Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Option Activity |
The following table summarizes activity under the Company’s stock option plans (in millions,
except per share amounts and remaining contractual lives):
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| Fair value of stock options granted |
The weighted average expected term of the Company’s stock options granted during the three
months ended September 30, 2011 was 4.9 years, compared to 4.7 years in the comparative prior-year
period.
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| Restricted Stock Unit |
The following table summarizes RSU activity (in millions, except weighted average grant date
fair value):
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| X | ||||||||||
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- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
|
| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the weighted average assumptions used in calculating the fair value of stock options granted. No definition available.
|
|
Supplemental Financial Statement Data (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
Jul. 01, 2011
|
|
| Inventories: | |||
| Raw materials and component parts | $ 170 | $ 172 | |
| Work-in-process | 275 | 263 | |
| Finished goods | 200 | 142 | |
| Total inventories | 645 | 577 | |
| Changes in accrual warranty | |||
| Warranty accrual, beginning of period | 170 | 170 | |
| Charges to operations | 45 | 44 | |
| Utilization | (42) | (38) | |
| Changes in estimate related to pre-existing warranties | (3) | ||
| Warranty accrual, end of period | 173 | 173 | |
| Supplemental Financial Statement Data (Textual) [Abstract] | |||
| Product warranty, Minimum | 1 year | ||
| Product warranty, Maximum | 5 years | ||
| Accrued warranty includes in other liabilities | $ 38 | $ 38 | |
| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount as of the balance sheet date of the aggregate standard product warranty liability. Does not include the balance for the extended product warranty liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount as of the balance sheet date of the aggregate standard product warranty liability that is expected to be paid after one year or beyond the normal operating cycle, if longer. Does not include the balance for the extended product warranty liability. No definition available.
|
| X | ||||||||||
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- Definition
Represents the aggregate decrease in the liability for payments made (in cash or in kind) to satisfy claims under the terms of the standard product warranty. Does not include any Increase or Decrease in the liability for payments related to extended product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the aggregate Increase or Decrease in the liability during the reporting period for accruals related to preexisting standard product warranties (including adjustments related to changes in estimates). Does not include any Increase or Decrease in the liability for accruals related to extended product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Represents the aggregate increase in the liability for accruals related to standard product warranties issued during the reporting period. Does not include any increase in the liability for accruals related to extended product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Product warranty period maximum. No definition available.
|
| X | ||||||||||
|
- Definition
Product warranty period minimum. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Income Per Common Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
|
| Computation of basic and diluted income per common share | ||
| Net income | $ 239 | $ 197 |
| Weighted average shares outstanding: | ||
| Basic | 233 | 230 |
| Employee stock options and other | 4 | 4 |
| Diluted | 237 | 234 |
| Income per common share: | ||
| Basic | $ 1.03 | $ 0.86 |
| Diluted | $ 1.01 | $ 0.84 |
| Anti-dilutive potential common shares excluded | 4 | 4 |
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Debt (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Feb. 29, 2008
|
|
| Debt (Additional) (Textual) [Abstract] | ||
| Period of term loan facility | 5 years | |
|
Term Loan [Member]
|
||
| Debt (Textual) [Abstract] | ||
| Term loan facility | $ 500 | |
| Variable interest rate of term loan | 1.50% | |
| Remaining balance amount of loan | 263 | |
| Total principle amount payable, 2012 | 113 | |
| Total principle amount payable, 2013 | $ 150 | |
| Maturity date of term loan | Feb. 11, 2013 |
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date when the debt instrument is scheduled to be fully repaid, which may be presented in a variety of ways (year, month and year, day, month and year, quarter, etc.). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date. May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing within the next twelve months following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing in year two following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Period of term loan facility. No definition available.
|
|
Income Taxes (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
|
| Income Taxes (Textual) [Abstract] | ||
| Income tax provision | $ 19 | $ 14 |
| Decrease in liability for unrecognized tax benefits | 14 | |
| Unrecognized tax benefits | 231 | |
| Expiration date of tax holiday in Malaysia, Singapore and Thailand | Through 2023 | |
|
Western Digital Corporation [Member]
|
||
| Income Tax Examination [Line Items] | ||
| Estimated impact of proposed IRS adjustments on pre-tax income | $ 970 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The date on which the special tax status will terminate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of all increases and decreases in unrecognized tax benefits for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Estimated impact of proposed IRS adjustments on pre-tax income. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Fair Value Measurements (Textual) [Abstract] | |
| Maturity of auction rate securities | Dates Through 2050 |
|
Fair Value, Measurements, Recurring [Member]
|
|
| Assets: | |
| Total cash equivalents | $ 913 |
| Total assets at fair value | 928 |
| Liabilities: | |
| Total liabilities at fair value | (33) |
|
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Assets: | |
| Total cash equivalents | 807 |
| Total assets at fair value | 807 |
| Liabilities: | |
| Total liabilities at fair value | 0 |
|
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Assets: | |
| Total cash equivalents | 106 |
| Total assets at fair value | 106 |
| Liabilities: | |
| Total liabilities at fair value | (33) |
|
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
| Total assets at fair value | 15 |
| Liabilities: | |
| Total liabilities at fair value | 0 |
|
Foreign Exchange Contract [Member]
|
|
| Liabilities: | |
| Foreign exchange contracts | (33) |
|
Foreign Exchange Contract [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Liabilities: | |
| Foreign exchange contracts | 0 |
|
Foreign Exchange Contract [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Liabilities: | |
| Foreign exchange contracts | (33) |
|
Foreign Exchange Contract [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Liabilities: | |
| Foreign exchange contracts | 0 |
|
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member]
|
|
| Assets: | |
| Total cash equivalents | 807 |
|
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Assets: | |
| Total cash equivalents | 807 |
|
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
|
|
| Assets: | |
| Total cash equivalents | 53 |
|
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Assets: | |
| Total cash equivalents | 53 |
|
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
U.S. Government agency securities [Member] | Fair Value, Measurements, Recurring [Member]
|
|
| Assets: | |
| Total cash equivalents | 53 |
|
U.S. Government agency securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
U.S. Government agency securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Assets: | |
| Total cash equivalents | 53 |
|
U.S. Government agency securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Assets: | |
| Total cash equivalents | 0 |
|
Auction Rate Securities [Member] | Fair Value, Measurements, Recurring [Member]
|
|
| Assets: | |
| Auction-rate securities | 15 |
|
Auction Rate Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
|
| Assets: | |
| Auction-rate securities | 0 |
|
Auction Rate Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
|
| Assets: | |
| Auction-rate securities | 0 |
|
Auction Rate Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
|
| Assets: | |
| Auction-rate securities | $ 15 |
| X | ||||||||||
|
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the liabilities reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maturity of auction rate securities. No definition available.
|
|
Foreign Exchange Contracts (Details) (Foreign Exchange Contract [Member], USD $)
In Millions, unless otherwise specified |
Sep. 30, 2011
|
Jul. 01, 2011
|
|---|---|---|
|
Other Current Assets [Member]
|
||
| Fair value and balance sheet location | ||
| Derivatives Designated as Hedging Instruments Fair value, Asset derivatives | $ 0 | $ 0 |
|
Accrued Expenses [Member]
|
||
| Fair value and balance sheet location | ||
| Derivatives Designated as Hedging Instruments Fair Value, Liability derivatives | $ 33 | $ 5 |
| X | ||||||||||
|
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Foreign Exchange Contracts (Details 1) (Cash Flow Hedging [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
|
|
Cost of revenue [Member]
|
||
| Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
| Amount of Gain (Loss) Reclassified from accumulated OCI into Income | $ 11 | $ 27 |
|
Foreign Exchange Contract [Member]
|
||
| Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
| Amount of Gain (Loss) Recognized in accumulated OCI on Derivatives | $ (8) | $ 55 |
| X | ||||||||||
|
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The effective portion of gains on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Foreign Exchange Contracts (Details Textual) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
|
| Foreign Exchange Contracts (Textual) [Abstract] | ||
| Contract Maturity Dates | Less than 12 months | |
| Gains expected to be reclassified into earnings | $ 24 | |
| Foreign exchange contracts opened during the period by company | 902 | 907 |
| Foreign exchange contracts closed during the period by company | $ 836 | $ 727 |
| X | ||||||||||
|
- Definition
The estimated net amount of unrealized gains or losses on foreign currency cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum amount of time remaining before foreign currency exchange rate derivatives mature or expire. No definition available.
|
| X | ||||||||||
|
- Definition
Total dollar amount of foreign exchange contracts closed during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Total dollar amount of foreign exchange contracts opened during the period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The combined weighted average exercise price associated with stock options during the period that have either lapsed or been forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices pertaining to options outstanding under the plan as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of fully vested and expected to vest options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Share based payments award options vested and expected to vest outstanding weighted average remaining contractual term. No definition available.
|
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of vested portions of options outstanding and exercisable as of the end of the period. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average remaining contractual life of options exercisable at the end of the period expressed in years. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average exercise price of options granted as share based compensation. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average remaining contractual life of options outstanding at the end of the period expressed in years. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Stock Based Compensation (Details 1) (USD $)
|
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2011
|
Oct. 01, 2010
|
|
| Fair value of stock options granted | ||
| Suboptimal exercise factor | 1.81 | 1.81 |
| Risk-free interest rates, minimum | 0.13% | 0.26% |
| Risk-free interest rates, maximum | 1.43% | 1.90% |
| Expected stock price volatility, minimum | 41.00% | 42.00% |
| Expected stock price volatility, maximum | 54.00% | 59.00% |
| Weighted average expected volatility | 48.00% | 52.00% |
| Post-vesting termination rate | 2.63% | 2.42% |
| Dividend yield | 0.00% | 0.00% |
| Fair value | $ 11.97 | $ 11.26 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
| X | ||||||||||
|
- Definition
The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
| X | ||||||||||
|
- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
| X | ||||||||||
|
- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
| X | ||||||||||
|
- Definition
The range of expected volatilities used and the weighted-average expected volatility for an entity using a valuation technique with different volatilities during the contractual term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Factor to estimate the amount of vested options that will be exercised within 90 days as a result of employee termination. No definition available.
|
| X | ||||||||||
|
- Definition
Factor to estimate the amount of option exercises prior to the end of their respective term. No definition available.
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments other than options expected to vest outstanding number. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments other than options expected to vest outstanding weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments other than options forfeited in period weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, using a decimal to express in number of years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Forfeiture rate of restricted stock unit valuation assumption. No definition available.
|
| X | ||||||||||
|
- Definition
The grant-date fair value of the shares underlying the restricted stock awards. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate amount of options outstanding with an exercise price below the quoted price of the Company's stock on the date of the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of underlying shares reserved for issuance and exercising prices pertaining to options outstanding with an exercise price below the quoted price of the Company's stock on the date of the latest balance sheet presented. No definition available.
|
| X | ||||||||||
|
- Definition
The noncash expense that accounts for the value of stock options distributed to employees as compensation and of employee stock purchase plan rights. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of stock option awards made to employees under share-based compensation plans and employee stock purchase plan rights that have yet to vest. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average period over which unrecognized costs is expected to be recognized for employee service share based stock option awards and employee stock purchase plan rights, using a decimal to express in number of years. No definition available.
|
| X | ||||||||||
|
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the charge against earnings during the period for commitment fees and debt issuance expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the committed credit facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the committed revolving credit facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the committed term loan facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
| X | ||||||||||
|
- Definition
Debt commitment fee per annum as percentage of unfunded amount committed to be borrowed under the senior facility. No definition available.
|
| X | ||||||||||
|
- Definition
Fees to be paid to other party if acquisition does not close by a date specified in purchase agreement. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares of common stock to be issued related to acquisition. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the revolving credit facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the term loan facility related to the acquisition without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. No definition available.
|
|
Subsequent Event (Details)
|
3 Months Ended |
|---|---|
|
Sep. 30, 2011
HardDrive
|
|
| Subsequent Events (Textual) [Abstract] | |
| Percentage of hard drive produced by Thailand Manufacturing facility | 60.00% |
| Number of hard drives shipped in reporting period | 58,000,000 |
| Minimum number of hard drive expected to be shipped in next quarter | 22,000,000 |
| Maximum number of hard drive expected to be shipped in next quarter | 26,000,000 |
| X | ||||||||||
|
- Definition
Maximum number of hard drive expected to be shipped in next quarter. No definition available.
|
| X | ||||||||||
|
- Definition
Minimum number of hard drive expected to be shipped in next quarter. No definition available.
|
| X | ||||||||||
|
- Definition
Number of hard drives shipped in reporting period. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of hard drive produced by company's manufacturing facility. No definition available.
|
| X | ||||||||||
|
- Details
|