Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
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Aug. 03, 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-K | ||
Document Period End Date | Jul. 01, 2011 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2011 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --07-01 | ||
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) | 233,191,524 |
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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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X | ||||||||||
- 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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- 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 | ||||||||||
- 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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- 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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X | ||||||||||
- 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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X | ||||||||||
- 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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X | ||||||||||
- 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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- 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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- 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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- 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 | ||||||||||
- 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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Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified |
Jul. 01, 2011
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Jul. 02, 2010
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---|---|---|
Shareholders' equity: | ||
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 5 | 5 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 450 | 450 |
Common stock, shares issued | 233 | 231 |
Common stock, shares outstanding | 233 | 231 |
X | ||||||||||
- 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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X | ||||||||||
- 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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- 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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- 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 | ||||||||||
- 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 | ||||||||||
- 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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X | ||||||||||
- 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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- 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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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
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Jul. 02, 2010
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Jul. 03, 2009
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Consolidated Statements of Income [Abstract] | |||
Revenue, net | $ 9,526 | $ 9,850 | $ 7,453 |
Cost of revenue | 7,735 | 7,449 | 6,116 |
Gross margin | 1,791 | 2,401 | 1,337 |
Operating expenses: | |||
Research and development | 703 | 611 | 509 |
Selling, general and administrative | 307 | 265 | 201 |
Acquired in-process research and development | 14 | ||
Restructuring and other, net | 94 | ||
Total operating expenses | 1,010 | 876 | 818 |
Operating income | 781 | 1,525 | 519 |
Other income (expense): | |||
Interest income | 9 | 4 | 9 |
Interest and other expense | (10) | (9) | (27) |
Total other expense, net | (1) | (5) | (18) |
Income before income taxes | 780 | 1,520 | 501 |
Income tax provision | 54 | 138 | 31 |
Net income | $ 726 | $ 1,382 | $ 470 |
Income per common share: | |||
Basic | $ 3.14 | $ 6.06 | $ 2.12 |
Diluted | $ 3.09 | $ 5.93 | $ 2.08 |
Weighted average shares outstanding: | |||
Basic | 231 | 228 | 222 |
Diluted | 235 | 233 | 226 |
X | ||||||||||
- 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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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
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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
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X | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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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X | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- Details
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X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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X | ||||||||||
- 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 | ||||||||||
- Definition
The amount of purchased research and development assets that are acquired in a business combination have no alternative future use and are therefore written off in the period of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- Details
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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
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X | ||||||||||
- Definition
Expense for borrowed money and other non-operating activities. No definition available.
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X | ||||||||||
- Definition
Amounts charged against earnings in the period for incurred and estimated costs associated with restructuring plans and associated activities. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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
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X | ||||||||||
- 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
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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
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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 | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
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 net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. 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 a business, net of the cash acquired from the purchase. 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
|
X | ||||||||||
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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 amount of purchased research and development assets that are acquired in a business combination have no alternative future use and are therefore written off in the period of acquisition. 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
The difference between the carrying value and the sale price of debt securities includes other than temporary impairment on auction-rate securities. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. No definition available.
|
X | ||||||||||
- Definition
Adjustment to remove noncash portion of costs associated with restructuring plans and associated activities. No definition available.
|
X | ||||||||||
- Definition
Taxes paid on vested stock awards under employee stock plans. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustments to additional paid in capital tax effect of employee stock plans. No definition available.
|
Organization and Summary of Significant Accounting Policies
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Organization and Summary of Significant Accounting Policies and Supplemental Financial Statement Data [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization and Summary of Significant Accounting Policies |
Note 1. Organization
and Summary of Significant Accounting Policies
Western Digital Corporation (the “Company” or
“Western Digital” or “WD”) is a global
provider of solutions for the collection, storage, management,
protection and use of digital content, including audio and video. The Company’s principal products are hard drives,
which are devices that use one or more rotating magnetic disks
(“magnetic media”) to store and allow fast access to
data. Hard drives are currently the primary storage medium for
digital content. The Company’s hard drives are used in
desktop and notebook computers, corporate and cloud computing data centers, home
entertainment equipment and stand-alone consumer storage
devices. In addition to hard drives, the Company’s other
products include solid-state drives and home entertainment and
networking products.
The Company has prepared its consolidated financial statements
in accordance with accounting principles generally accepted in
the United States (“U.S. GAAP”) and has adopted
accounting policies and practices which are generally accepted
in the industry in which it operates. The Company’s
significant accounting policies are summarized below.
Fiscal
Year
The Company has a 52 or 53-week fiscal year. The 2011 fiscal
year which ended on July 1, 2011 consisted of
52 weeks. The 2010 and 2009 fiscal years, which ended on
July 2, 2010 and July 3, 2009, respectively, consisted
of 52 and 53 weeks each, respectively.
Basis of
Presentation
The consolidated financial statements include the accounts of
the Company and its wholly owned subsidiaries. All significant
intercompany accounts and transactions have been eliminated in
consolidation. The accounts of foreign subsidiaries have been
remeasured using the U.S. dollar as the functional
currency. As such, gains or losses resulting from remeasurement
of these accounts from local currencies into U.S. dollars
are reflected in the results of operations. These gains and
losses were immaterial to the consolidated financial statements.
On June 30, 2010, the Company acquired the magnetic media
sputtering operations of Hoya Corporation and Hoya Magnetics
Singapore Pte. Ltd (together, “Hoya”). On
March 27, 2009, the Company acquired SiliconSystems, Inc.
(“SiliconSystems”). The acquisitions are further
described in Note 14. The results of operations of Hoya and
SiliconSystems since the dates of their acquisitions are
included in the consolidated financial statements.
Cash and
Cash Equivalents
The Company’s cash equivalents represent highly liquid
investments in money market funds, which are invested in
U.S. Treasury securities, U.S. Treasury bills and
U.S. Government agency securities with original maturities
when purchased of three months or less.
Investments
The Company’s investments consist of auction-rate
securities, which are primarily backed by insurance products
with original maturities greater than three months. The Company
has classified these investments as
available-for-sale
securities and they are carried at fair value within other
non-current assets in the consolidated balance sheets.
Fair
Value of Financial Instruments
The carrying amounts of cash equivalents, accounts receivable,
investments, accounts payable and accrued expenses approximate
fair value for all periods presented because of the short-term
maturity of these assets and liabilities or, in the case of
investments, these are recorded using appropriate market
information. The carrying amount of debt approximates fair value
because of its variable interest rate.
Concentration
of Credit Risk
The Company sells its products to computer manufacturers,
resellers and retailers throughout the world. The Company
performs ongoing credit evaluations of its customers’
financial condition and generally requires no collateral. The
Company maintains allowances for potential credit losses, and
such losses have historically been within management’s
expectations. At any given point in time, the total amount
outstanding from any one of a number of its customers may be
individually significant to the Company’s financial
results. At July 1, 2011 and July 2, 2010, the Company
had reserves for potential credit losses of $5 million and
$6 million, respectively, and net accounts receivable of
$1.2 billion and $1.3 billion, respectively.
The Company also has cash equivalent and investment policies
that limit the amount of credit exposure to any one financial
institution or investment instrument and requires that
investments be made only with financial institutions or in
investment instruments evaluated as highly credit-worthy.
Inventory
The Company values inventories at the lower of cost
(first-in,
first out and weighted average methods) or net realizable value.
The
first-in,
first-out (“FIFO”) method is used to value the cost of
the majority of the Company’s inventories, while the
weighted-average method is used to value precious metal
inventories. Weighted-average cost is calculated based upon the
cost of precious metals at the time they are received by the
Company. The Company has determined that it is not practicable
to assign specific costs to individual units of precious metals
and, as such, precious metals are relieved from inventory based
on the weighted-average cost of the inventory at the time the
inventory is used in production. The weighted average method of
valuing precious metals does not materially differ from a FIFO
method. As of July 1, 2011 and July 2, 2010, 85% and
82% of the inventory was valued using the FIFO method with the
remainder valued using the weighted average method. Inventory
write-downs are recorded for the valuation of inventory at the
lower of cost or net realizable value by analyzing market
conditions and estimates of future sales prices as compared to
inventory costs and inventory balances.
The Company evaluates inventory balances for excess quantities
and obsolescence on a regular basis by analyzing estimated
demand, inventory on hand, sales levels and other information,
and reduces inventory balances to net realizable value for
excess and obsolete inventory based on this analysis.
Unanticipated changes in technology or customer demand could
result in a decrease in demand for one or more of the
Company’s products, which may require a write down of
inventory that could materially affect operating results.
Property,
Plant and Equipment
The cost of property, plant and equipment is depreciated over
the estimated useful lives of the respective assets. The
Company’s buildings are depreciated over periods ranging
from fifteen to thirty years. The majority of the Company’s
equipment is depreciated over periods of three to seven years.
Depreciation is computed on a straight-line basis. Leasehold
improvements are amortized over the lesser of the estimated
useful lives of the assets or the related lease terms.
Goodwill
and Other Long-Lived Assets
The total purchase price in a business combination is allocated
to the fair value of assets acquired and liabilities assumed
based on their fair values at the acquisition date, with amounts
exceeding the fair values being recorded as goodwill. Goodwill
is not amortized. Instead, it is tested for impairment on an
annual basis or more frequently whenever events or changes in
circumstances indicate that goodwill may be impaired. The
Company did not record any impairment of goodwill during 2011,
2010 or 2009.
Other intangible assets consist primarily of technology acquired
in business combinations. Acquired intangibles are amortized on
a straight-line basis over their respective estimated useful
lives. Long-lived assets are tested for recoverability whenever
events or changes in circumstances indicate that their carrying
amounts may not be recoverable.
The Company did not record any impairments to long-lived assets
during 2011 or 2010. The Company recorded impairments to certain
long-lived assets during 2009. See Note 13.
Revenue
and Accounts Receivable
Revenue is recognized when the title and risk of loss have
passed to the customer, there is persuasive evidence of an
arrangement, delivery has occurred, or services have been
rendered, the sales price is fixed or determinable and
collectability is reasonably assured. The Company establishes
provisions against revenue and cost of revenue for estimated
sales returns in the same period that the related revenue is
recognized based on existing product return notifications. If
actual sales returns exceed expectations, an increase in the
sales return accrual would be required, which could materially
affect operating results.
In accordance with standard industry practice, the Company
provides distributors and retailers (collectively referred to as
“resellers”) with limited price protection for
inventories held by resellers at the time of published list
price reductions, and the Company provides resellers and OEMs
with other sales incentive programs. At the time the Company
recognizes revenue to resellers and OEMs, a reduction of revenue
is recorded for estimated price protection until the resellers
sell such inventory to their customers and the Company also
records a reduction of revenue for the other programs in effect.
The Company bases these adjustments on several factors including
anticipated price decreases during the reseller holding period,
reseller’s sell-through and inventory levels, estimated
amounts to be reimbursed to qualifying customers, historical
pricing information and customer claim processing. If customer
demand for hard drives or market conditions differ from the
Company’s expectations, the Company’s operating
results could be materially affected. The Company also has
programs under which it reimburses qualified distributors and
retailers for certain marketing expenditures, which are recorded
as a reduction of revenue. Sales incentive and marketing
programs are recorded as a reduction of revenue.
The Company records an allowance for doubtful accounts by
analyzing specific customer accounts and assessing the risk of
loss based on insolvency, disputes or other collection issues.
In addition, the Company routinely analyzes the different
receivable aging categories and establishes reserves based on a
combination of past due receivables and expected future losses
based primarily on its historical levels of bad debt losses. If
the financial condition of a significant customer deteriorates
resulting in its inability to pay its accounts when due, or if
the Company’s overall loss history changes significantly,
an adjustment in the Company’s allowance for doubtful
accounts would be required, which could materially affect
operating results.
The Company establishes provisions against revenue and cost of
revenue for sales returns in the same period that the related
revenue is recognized. These provisions are based on existing
product return notifications. If actual sales returns exceed
expectations, an increase in the sales return accrual would be
required, which could materially affect operating results.
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 assist 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.
Litigation
and Other Contingencies
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 and
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. 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. See Note 5.
Advertising
Expense
Advertising costs are expensed as incurred. Selling, general and
administrative expenses of the Company included advertising
costs of $11 million, $7 million, and $5 million
in 2011, 2010 and 2009, respectively.
Income
Taxes
The Company accounts for income taxes under the asset and
liability method, which provides that deferred tax assets and
liabilities be recognized for temporary differences between the
financial reporting basis and the tax basis of assets and
liabilities and expected benefits of utilizing net operating
loss (“NOL”) and tax credit carryforwards. The Company
records a valuation allowance when it is more likely than not
that the deferred tax assets will not be realized. Each period,
the Company evaluates the need for a valuation allowance for its
deferred tax assets and adjusts the valuation allowance so that
the Company records net deferred tax assets only to the extent
that it has concluded it is more likely than not that these
deferred tax assets will be realized.
The Company recognizes liabilities for uncertain tax positions
based on a two-step process. To the extent a tax position does
not meet a more-likely-than-not level of certainty, no benefit
is recognized in the financial statements. If a position meets
the more-likely-than-not level of certainty, it is recognized in
the financial statements at the largest amount that has a
greater than 50% likelihood of being realized upon ultimate
settlement. Interest and penalties related to unrecognized tax
benefits are recognized on liabilities recorded for uncertain
tax positions, as applicable, and are recorded in the provision
for income taxes. The actual liability for unrealized tax
benefits may be materially different from the Company’s
estimates, which could result in the need to record additional
liabilities for unrecognized tax benefits or potentially adjust
previously-recorded liabilities for unrealized tax benefits, and
may materially affect our operating results.
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):
Stock-based
Compensation
The Company accounts for all stock-based compensation at fair
value. Stock-based compensation cost is measured at the grant
date based on the value of the award and is recognized as
expense over the vesting period. The fair values of all stock
options granted are estimated using a binomial model, and the
fair values of all ESPP purchase rights are estimated using the
Black-Scholes-Merton option-pricing model. Both the binomial and
the Black-Scholes-Merton option-pricing models require the input
of highly subjective assumptions. The Company is required to use
judgment in estimating the amount of stock-based awards that are
expected to be forfeited. If actual forfeitures differ
significantly from the original estimate, stock-based
compensation expense and the results of operations could be
materially affected.
Other
Comprehensive Income (Loss)
Other comprehensive income (loss) refers to revenue, expenses,
gains and losses that are recorded as an element of
shareholders’ equity but are excluded from net income. The
Company’s other comprehensive income (loss) is comprised of
unrealized gains and losses on foreign exchange contracts.
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 purposes. The Company had
outstanding foreign exchange contracts with commercial banks for
Thai Baht, Malaysian Ringgit, Euro and British Pound Sterling
with aggregate notional amounts of $1.5 billion and
$1.1 billion at July 1, 2011 and July 2, 2010,
respectively. 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. 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 consolidated financial
statements for all years presented. See Notes 10 and 11 for
additional disclosures related to foreign exchange contracts.
Use of
Estimates
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.
Recent
Accounting Pronouncements
In September 2009, the FASB issued Accounting Standards Update
(“ASU”)
2009-13,
“Multiple-Deliverable Revenue Arrangements” (“ASU
2009-13”),
and ASU
2009-14,
“Certain Revenue Arrangements That Include Software
Elements” (“ASU
2009-14”).
ASU 2009-13
amends the revenue guidance under Subtopic
605-25,
“Multiple Element Arrangements,” and addresses how to
determine whether an arrangement involving multiple deliverables
contains more than one unit of accounting and how arrangement
consideration shall be measured and allocated to the separate
units of accounting in the arrangement. ASU
2009-14
excludes tangible products containing software components and
non-software components that function together to deliver the
product’s essential functionality from the scope of
Subtopic
985-605,
“Revenue Recognition.” ASU
2009-13 and
ASU 2009-14
are effective for fiscal periods beginning on or after
June 15, 2010, which for the Company was the first quarter
of fiscal 2011. The Company’s adoption of ASU
2009-13 and
ASU 2009-14
had no impact on its consolidated financial statements.
In May 2011, the FASB issued ASU
2011-04,
“Amendments to Achieve Common Fair Value Measurement and
Disclosure Requirements in U.S. GAAP and IFRSs”
(“ASU
2011-04”).
ASU 2011-04
clarifies existing fair value measurement and disclosure
requirements by amending certain fair value measurement
principles and requiring additional disclosures regarding fair
value measurements. ASU 2011-04 is effective for fiscal periods
beginning after December 15, 2011, which for the Company is
the third quarter of fiscal 2012. The Company is currently
evaluating the impact that
ASU 2011-04
will have on its consolidated financial statements.
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 the impact that ASU
2011-05 will
have on its consolidated financial statements.
|
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- Details
|
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- 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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Debt |
Note 3. Debt
Long-term debt consisted of the following as of July 1,
2011 and July 2, 2010 (in millions):
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 July 1, 2011,
the term loan facility had a variable interest rate of 1.44% and
a remaining balance of $294 million, which requires
principal payments totaling $144 million in 2012 and
$150 million in 2013. The term loan facility has a maturity
date of February 11, 2013. The term loan facility requires
WDTI to comply with a leverage ratio and an interest coverage
ratio calculated on a consolidated basis for the Company and its
subsidiaries. In addition, the term loan facility contains
customary covenants, including covenants that limit or restrict
WDTI’s and its subsidiaries’ ability to incur liens,
incur indebtedness, make certain restricted payments, merge or
consolidate and enter into certain speculative hedging
arrangements. As of July 1, 2011, WDTI was in compliance
with all covenants.
See Note 14 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 Pte. Ltd (“HGST”).
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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
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Commitments and Contingencies
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Commitments, Contingencies and Legal Proceedings [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies |
Note 4. Commitments
and Contingencies
Lease
Commitments
The Company leases certain facilities and equipment under
long-term, non-cancelable operating leases. The Company’s
operating leases consist of leased property and expire at
various dates through 2020. Rental expense under
these operating leases, including
month-to-month
rentals, was $23 million, $22 million and
$21 million in 2011, 2010 and 2009, respectively. Future
minimum lease payments under operating leases that have initial
or remaining non-cancelable lease terms in excess of one year at
July 1, 2011 are as follows (in millions):
Product
Warranty Liability
Changes in the warranty accrual for 2011, 2010 and 2009 were as
follows (in millions):
Accrued warranty also includes amounts classified in other
liabilities in the consolidated balance sheets of
$38 million at July 1, 2011 and $41 million at
July 2, 2010.
Long-term
Purchase Agreements
The Company has entered into long-term purchase agreements with
various component suppliers. The commitments depend on specific
products ordered and may be subject to minimum quality
requirements and future price negotiations. The Company expects
these commitments to total $636 million for 2012,
$6 million for 2013 and 2014, $5 million for 2015, and
$1 million for 2016.
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Legal Proceedings
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Commitments, Contingencies and Legal Proceedings [Abstract] | |||||
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 and
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 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, a
reasonable estimate of the amount of loss or range of possible
losses with respect to the claim, including the amount of loss
in excess of the amount accrued, 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 is evaluating its
post-trial
and appellate options.
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. The Company intends to defend
itself vigorously in this matter.
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 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 will be filing post-arbitration
briefs in August 2011. The arbitrator is expected to render a
decision in the fall of 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.
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Business Segment Geographic Information and Major Customers |
Note 6. Business
Segment, Geographic Information and Major Customers
Segment
Information
The Company operates in one reportable operating segment, the
hard drive business.
Geographic
Information
The Company’s operations outside the United States include
manufacturing facilities in Malaysia, Singapore, and Thailand as
well as sales offices throughout the Americas, Asia Pacific,
Europe and the Middle East. The following table summarizes the
Company’s operations by geographic area for the three years
ended July 1, 2011 (in millions):
Major
Customer
For 2011 and 2010, no single customer accounted for 10%, or
more, of the Company’s net revenue. For 2009, sales to Dell
Inc. accounted for 10% of the Company’s net revenue.
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Western Digital Corporation 401(k) Plan
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Western Digital Corporation 401(k) Plan [Abstract] | |
Western Digital Corporation 401(k) Plan |
Note 7. Western
Digital Corporation 401(k) Plan
The Company has adopted the Western Digital Corporation 401(k)
Plan (the “Plan”). The Plan covers substantially all
domestic employees, subject to certain eligibility requirements.
The Company makes a basic matching contribution on behalf of
each participating eligible employee equal to fifty percent
(50%) of the eligible participant’s pre-tax contributions
for the contribution cycle not to exceed 5% of the eligible
participant’s compensation; provided, however, that each
eligible participant shall receive a minimum annual basic
matching contribution equal to fifty percent (50%) of the first
$4,000 of pre-tax contributions for any calendar year. Company
contributions vest over a
5-year
period of employment. For 2011, 2010 and 2009, the Company made
Plan contributions of $9 million, $9 million, and
$7 million, respectively.
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Shareholders Equity
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Shareholders Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders Equity |
Note 8. Shareholders’
Equity
Stock
Incentive Plans
The Company maintains four stock-based incentive plans
(collectively referred to as the “Stock Plans”): the
amended and restated 2004 Performance Incentive Plan, the
Employee Stock Option Plan, the Broad-Based Stock Incentive Plan
and the Stock Option Plan for Non-Employee Directors. No new
awards may be granted under the Employee Stock Option Plan, the
Broad-Based Stock Incentive Plan or the Stock Option Plan for
Non-Employee Directors (collectively referred to as the
“Prior Stock Plans”). As of July 1, 2011, options
to purchase 1.2 million shares of the Company’s common
stock remained outstanding and exercisable under the Prior Stock
Plans. Other than for such options, no restricted stock or other
awards were outstanding under the Prior Stock Plans as of
July 1, 2011. Options granted under the Prior Stock Plans
expire either five or ten years from the date of grant.
The types of awards that may be granted under the 2004
Performance Incentive Plan include stock options, stock
appreciation rights, restricted stock units (“RSUs”),
stock bonuses and other forms of awards granted or denominated
in the Company’s common stock or units of the
Company’s common stock, as well as cash bonus awards.
Persons eligible to receive awards under the 2004 Performance
Incentive Plan include officers or employees of the Company or
any of its subsidiaries, directors of the Company and certain
consultants and advisors to the Company or any of its
subsidiaries. The vesting of awards under the Performance
Incentive Plan is determined at the date of grant. Each award
expires on a date determined at the date of grant; however, the
maximum term of options and stock appreciation rights under the
2004 Performance Incentive Plan is ten years after the grant
date of the award. RSUs granted under the 2004 Performance
Incentive Plan typically vest over periods ranging from one to
five years from the date of grant.
As of July 1, 2011, the maximum number of shares of the
Company’s common stock that was authorized for award grants
under the 2004 Performance Incentive Plan was 37.2 million
shares. Any shares subject to awards under the Prior Stock Plans
that are canceled, forfeited or otherwise terminate without
having vested or been exercised, as applicable, will become
available for other award grants under the 2004 Performance
Incentive Plan. Shares issued in respect of stock options and
stock appreciation rights granted under the 2004 Performance
Incentive Plan count against the plan’s share limit on a
one-for-one
basis, whereas shares issued in respect of any other type of
award granted under the plan count against the plan’s share
limit as 1.35 shares for every one share actually issued in
connection with such award. The 2004 Performance Incentive Plan
will terminate on September 20, 2014 unless terminated
earlier by the Company’s Board of Directors.
Employee
Stock Purchase Plan
The Company maintains an ESPP. Under the ESPP, eligible
employees may authorize payroll deductions of up to 10% of their
eligible compensation during prescribed offering periods to
purchase shares of the Company’s common stock at 95% of the
fair market value of common stock on either the first day of
that offering period or on the applicable exercise date,
whichever is less. A participant may participate in only one
offering period at a time, and a new offering period generally
begins each June 1st and December 1st. Each
offering period is generally 24 months and consists of four
exercise dates (each, generally six months following the start
of the offering period or the preceding exercise date, as the
case may be). If the fair market value of the Company’s
common stock is less on a given exercise date than on the date
of grant, employee participation in that offering period ends
and participants are automatically re-enrolled in the next new
offering period.
Stock-based
Compensation Expense
The Company recognized in expense $37 million,
$37 million and $24 million for stock-based
compensation related to the vesting of options granted by the
Company under the Stock Plans and the ESPP in 2011, 2010 and
2009, respectively. As of July 1, 2011, total compensation
cost related to unvested stock options granted under the Stock
Plans and ESPP rights issued to employees but not yet recognized
was $60 million and will be amortized on a straight-line
basis over a weighted average service period of approximately
2.2 years.
The Company recognized in expense $32 million,
$23 million and $23 million related to restricted
stock and restricted stock unit awards granted under the Stock
Plans that vested during 2011, 2010 and 2009, respectively. As
of July 1, 2011, the aggregate unamortized fair value of
all unvested restricted stock unit awards granted under the
Stock Plans was $41 million, which will be recognized on a
straight-line basis over a weighted average vesting period of
approximately 1.3 years.
Stock
Option Activity
The following table summarizes stock option activity under the
Stock Plans over the last three fiscal years (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 options and the quoted price of the Company’s common
stock at that time. As of July 1, 2011, the Company had
options outstanding to purchase an aggregate of
10.1 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 $145 million at that date.
During 2011, 2010 and 2009, the aggregate intrinsic value of
options exercised under the Stock Plans was $25 million,
$72 million and $8 million, respectively, determined as of
the date of exercise.
The following table summarizes information about options
outstanding and exercisable under the Stock Plans as of
July 1, 2011 (in millions, except per share amounts):
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 during the three years
ended July 1, 2011 was estimated using the following
weighted average assumptions:
The weighted average expected term of the Company’s stock
options granted during 2011, 2010 and 2009 was 4.7 years,
4.6 years and 4.9 years, respectively.
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 of each
year.
The fair values of all ESPP purchase rights granted on or prior
to July 1, 2011 have been estimated at the date of grant
using a Black-Scholes-Merton option-pricing model with the
following weighted average assumptions:
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 on
the date of grant. The aggregate value of RSUs that became
fully-vested during 2011 and 2010 was $23 million and
$43 million, respectively, determined as of the vest date.
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
$26 million, $45 million and $19 million in 2011,
2010 and 2009, respectively. 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 1.82%, 1.55%, and 0.0% during 2011, 2010, and 2009,
respectively, based on a historical analysis indicating
forfeitures for these types of awards.
Stock
Repurchase Program
The Company’s Board of Directors previously authorized the
repurchase of $750 million of common stock in open market
transactions under a stock repurchase program through
March 31, 2013. Since the inception of this program in
2005, through July 1, 2011, the Company has repurchased
20 million shares of its common stock for a total cost of
$334 million. The Company repurchased 1.8 million
shares for a total cost of $50 million during 2011. The
Company may continue to repurchase stock as the Company deems
appropriate and market conditions allow. The Company expects
stock repurchases to be funded principally by operating cash
flows.
Stock
Purchase Rights
On April 6, 2001, the Company adopted a plan to protect
shareholders’ rights in the event of a proposed takeover of
the Company (the “2001 Rights Plan”). The 2001 Rights
Plan expired on April 6, 2011. During the term of the 2001
Rights Plan, each share of the Company’s outstanding common
stock carried one Right to Purchase Series A Junior
Participating Preferred Stock (the “Right”). The Right
enabled the holder, under certain circumstances, to purchase
Series A Junior Participating Preferred Stock of Western
Digital at an exercise price of $50.00 per share ten days after
a person or group publicly announced it had acquired or had
tendered an offer for 15%, or more, of the Company’s
outstanding common stock. The Rights were redeemable by the
Company at $0.001 per Right.
Stock
Reserved for Issuance
The following table summarizes all shares of common stock
reserved for issuance at July 1, 2011 (in millions):
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The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Also includes disclosure of 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. No definition available.
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Income Taxes
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Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes |
Note 9. Income
Taxes
Pre-tax
Income
The domestic and foreign components of income before income
taxes were as follows for the three years ended July 1,
2011 (in millions):
Income
Tax Provision
The components of the provision for income taxes were as follows
for the three years ended July 1, 2011 (in millions):
Remaining net undistributed earnings from foreign subsidiaries
at July 1, 2011 on which no U.S. tax has been provided
amounted to $4.7 billion. The net undistributed earnings
are intended to finance local operating requirements and capital
investments. Accordingly, an additional U.S. tax provision
has not been made on these earnings. The tax liability for these
earnings would be $1.6 billion if the Company repatriated
the $4.7 billion in undistributed earnings from the foreign
subsidiaries.
Deferred
Taxes
Temporary differences and carryforwards, which give rise to a
significant portion of deferred tax assets and liabilities as of
July 1, 2011 and July 2, 2010 were as follows (in
millions):
In addition to the deferred tax assets presented above, the
Company had additional NOL benefits related to stock-based
compensation deductions of $110 million and
$93 million at July 1, 2011 and July 2, 2010,
respectively. The increase in NOL benefits relates to the
current year stock based compensation deductions which will
result in a future benefit of $17 million. This
$17 million will be recorded as a credit to
shareholders’ equity when an incremental benefit is
recognized after considering all other tax attributes available
to the Company.
Effective
Tax Rate
Reconciliation of the U.S. Federal statutory rate to the
Company’s effective tax rate is as follows for the three
years ended July 1, 2011:
Tax
Holidays and Carryforwards
A substantial portion of the Company’s manufacturing
operations in Malaysia, Singapore and Thailand operate under
various tax holidays and tax incentive programs which will
expire in whole or in part at various dates through 2023.
Certain of the holidays may be extended if specific conditions
are met. The net impact of these tax holidays and tax incentives
was to increase the Company’s net earnings by
$362 million ($1.54 per diluted share), $560 million
($2.40 per diluted share), and $241 million ($1.07 per
diluted share) in 2011, 2010, and 2009, respectively.
As of July 1, 2011, the Company had federal and state NOL
carryforwards of $185 million and $52 million,
respectively. In addition, as of July 1, 2011, the Company
had various federal and state tax credit carryforwards of
$251 million combined. The NOL carryforwards available to
offset future federal and state taxable income expire at various
dates from 2021 to 2030 and 2015 to 2020, respectively.
Approximately $140 million of the credit carryforwards
available to offset future taxable income expire at various
dates from 2012 to 2030. The remaining amount is available
indefinitely. NOLs and credits relating to Komag, Incorporated
(“Komag”), which was acquired by the Company on
September 5, 2007, are subject to limitations under
Section 382 and 383 of the Internal Revenue Code. The
Company does not expect these limitations to result in a
reduction in the total amount of NOLs and credits ultimately
realized.
Uncertain
Tax Positions
The Company recognizes liabilities for uncertain tax positions
based on a two-step process. First, the tax position is
evaluated for recognition by determining if it is more likely
than not that the position will be sustained on audit, including
resolution of related appeals or litigation processes, if any.
If the tax position is deemed more-likely-than-not to be
sustained, the tax position is then assessed to determine the
amount of benefit to be recognized in the financial statements.
The amount of the benefit that may be recognized is the largest
amount that has a greater than 50% likelihood of being realized
upon ultimate settlement. With the exception of certain
unrecognized tax benefits that are directly associated with the
tax position taken, unrecognized tax benefits are presented
gross in the Company’s balance sheet. Interest and
penalties related to unrecognized tax benefits are recognized on
liabilities recorded for uncertain tax positions and are
recorded in the provision for income taxes. As of July 1,
2011, such interest and penalties were not material.
As of July 1, 2011, the Company had $245 million of
unrecognized tax benefits.
The following is a tabular reconciliation of the total amounts
of unrecognized tax benefits for the year ended July 1,
2011 (in millions):
The entire balance of unrecognized tax benefits at July 1,
2011, if recognized, would affect the effective tax rate.
The Company files U.S. Federal, U.S. state, and
foreign tax returns. For both federal and state tax returns,
with few exceptions, the Company is subject to examination for
fiscal years 2008 through 2011. In foreign jurisdictions, with
few exceptions, the Company is subject to examination for all
years subsequent to fiscal 2006. The Company is no longer
subject to examination by the Internal Revenue Service
(“IRS”) for periods prior to 2006, although carry
forwards generated prior to those periods may still be adjusted
upon examination by the IRS or state taxing authority if they
either have been or will be used in a subsequent period.
The IRS is currently examining fiscal years 2006 and 2007 for
the Company and calendar years 2005 and 2006 for Komag. The IRS
has completed its field work and proposed certain adjustments.
Certain issues have been agreed upon by the Company and the IRS
and certain issues remain unresolved. The Company has received
Revenue Agent Reports (“RARs”) for the agreed issues.
The Company has also received RARs from the IRS for the
unresolved issues which seek adjustments to income before income
taxes of $970 million for the Company and $380 million
for Komag. The issues in dispute relate 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 is continuing discussions
with the IRS to resolve the Komag issues.
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 July 1, 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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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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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements |
Note 10. 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.
Level 2. Inputs other than Level 1
that are observable, either directly or indirectly, such as
quoted prices for similar assets or liabilities; quoted prices
in markets that are not active; or other inputs that are
observable or can be corroborated by observable market data for
substantially the full term of the assets or liabilities.
Level 3. Inputs that are unobservable for
the asset or liability and that are significant to the fair
value of the assets or liabilities.
The following table presents information about the
Company’s financial assets and liabilities that are
measured at fair value on a recurring basis as of July 1,
2011, and indicates the fair value hierarchy of the valuation
techniques utilized to determine such value (in millions):
The following table presents information about the
Company’s financial assets that are measured at fair value
on a recurring basis as of July 2, 2010, 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 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 consolidated balance sheets.
U.S. Treasury securities are valued using a market approach
which 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 consolidated balance
sheets. U.S. Government agency securities are valued using
a market approach which 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 expected to be held until
secondary markets become available and as a result, are
classified as long-term investments and recorded within other
non-current assets in the consolidated balance sheets.
Auction-rate securities are valued using an income approach
which 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 consolidated balance sheets. Foreign exchange contracts are
valued using an income approach which 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.
The following table presents the changes in Level 3
financial assets measured on a recurring basis (in millions):
For the year ended July 1, 2011, there were no changes in
Level 3 financial assets measured on a recurring basis. The
Company had no liabilities that were re-measured and reported at
fair value on a recurring basis during the year ended
July 2, 2010.
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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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Foreign Exchange Contracts |
Note 11. Foreign
Exchange Contracts
As of July 1, 2011, the net amount of existing gains
expected to be reclassified into earnings within the next twelve
months was $5 million and the Company did not have any
foreign exchange contracts with credit-risk-related contingent
features. The Company opened $4.7 billion and
$4.8 billion, and closed $3.2 billion and
$4.1 billion, in foreign
exchange contracts for the years ended July 1, 2011 and
July 2, 2010, respectively. The fair value and balance
sheet location of such contracts were as follows (in millions):
The impact on the 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 consolidated
financial statements during the years ended July 1, 2011
and July 2, 2010. See Notes 1 and 10 for additional
disclosures related to the Company’s foreign exchange
contracts.
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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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Other Intangible Assets
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Jul. 01, 2011
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Other Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Intangible Assets |
Note 12. Other
Intangible Assets
Other intangible assets consist primarily of technology acquired
in business combinations and are amortized on a straight-line
basis over the respective estimated useful lives of the assets.
Intangible assets as of July 1, 2011 were as follows:
In 2010, the Company acquired $11 million of intangibles as
a result of the Hoya acquisition, primarily related to a glass
substrate supply agreement and existing technology. Intangible
assets as of July 2, 2010 were as follows:
Amortization expense for intangible assets was $17 million,
$12 million and $11 million for 2011, 2010 and 2009,
respectively. As of July 1, 2011, estimated future
amortization expense for intangible assets is $16 million
for 2012, $13 million for 2013 and 2014, $12 million
for 2015, and $9 million for 2016.
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Restructuring and Sale of Facility
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12 Months Ended | ||||
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Jul. 01, 2011
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Restructuring and Sale of Facility [Abstract] | |||||
Restructuring and Sale of Facility |
During 2009, the Company announced and completed a restructuring
plan to realign its cost structure as a result of a softer
demand environment. This resulted in the closure of one of the
Company’s hard drive manufacturing facilities in Thailand,
the disposal of its substrate manufacturing facility in Sarawak,
Malaysia, and headcount reductions throughout the world of
approximately 3,300 people. Restructuring costs totaled
$112 million and consisted of $81 million of asset
impairment charges, $27 million of employee termination
benefits and $4 million of contract termination and other
exit costs. Total cash expenditures related to the restructuring
activities were $31 million. The asset impairment charge of
$81 million consisted of $76 million primarily related
to the land, buildings, machinery and equipment at the
manufacturing facilities in Thailand and Malaysia and
$5 million related to a customer relationship intangible
asset acquired from Komag. The impairment charge is based on the
excess of the carrying values over the estimated fair values of
the assets. The fair values of the land, buildings, and
equipment were estimated using the market approach. The
intangible asset was valued using the income approach.
During the fourth quarter of 2009, the Company sold its
substrate manufacturing facility, and related assets, in
Sarawak, Malaysia for net proceeds of $29 million,
resulting in a gain of $18 million. The closure and
disposal of the Company’s manufacturing facilities was to
realign its manufacturing capacity with the Company’s
expectations regarding demand at that time. Total restructuring
charges of $112 million, partially offset by the
$18 million gain on sale of assets, is included in
restructuring and other, net within operating expenses in the
accompanying consolidated statements of income.
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions
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Jul. 01, 2011
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Acquisitions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions |
Planned
Acquisition of Hitachi Global Storage Technologies
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 $4.3 billion, due at closing, and will
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. 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 any 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 2011, the Company incurred $17 million of expenses
related to the planned acquisition of HGST which are included
within selling, general and administrative expense in the
consolidated statements 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 and, subject to customary closing
conditions including completion of the acquisition in accordance
with its terms, the Company, WDTI and WDI fully expect all of
these syndicate members to be part of the final lender group. In
addition, the Company is 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. For 2011,
the Company incurred debt commitment fees of $2 million
related to the acquisition.
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 certain
jurisdictions. The Company has received requests for
additional information and is engaged in more in-depth reviews
of the pending acquisition initiated by regulatory authorities
in the United States, the European Union, the People’s
Republic of China, Japan and Korea. 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 expects the transaction to close in its
second quarter of fiscal 2012.
Magnetic
Media Operations
On June 30, 2010, the Company acquired the facilities,
equipment, intellectual property and working capital of the
magnetic media sputtering operations of Hoya. The cost of the
acquisition was $233 million and was funded with available
cash. The Company identified and recorded the assets, including
specifically identifiable intangible assets, and liabilities
assumed from Hoya at their estimated fair values as of the date
of acquisition, and allocated the remaining value to goodwill.
The allocation was as follows (in millions):
Intangible assets of $11 million primarily relate to a
glass substrate supply agreement and existing technology. These
intangibles will be amortized to cost of revenue over the
weighted average useful life of 3 years.
Semiconductor
Wafer Fabrication Facility
On May 25, 2010, the Company agreed to purchase a
semiconductor wafer fabrication facility consisting of land, a
building, equipment and certain intangible assets for a total
acquisition cost of $35 million. The land and building were
acquired for $20 million during the fourth fiscal quarter
of 2010. The Company completed the acquisition by acquiring the
equipment for $15 million during the fourth fiscal quarter
of 2011.
SiliconSystems
On March 27, 2009, the Company acquired SiliconSystems, a
supplier of solid-state drives for the embedded systems market.
The total acquisition cost of SiliconSystems was
$66 million, consisting of $65 million in cash paid to
SiliconSystems shareholders and $1 million of other direct
acquisition costs. The Company identified and recorded the
assets, including specifically identifiable intangible assets,
and liabilities assumed from SiliconSystems at their estimated
fair values as of the acquisition date, and allocated the
remaining value to goodwill. The allocation was as follows (in
millions):
Intangible assets of $24 million primarily relates to
existing technology that is amortized to cost of revenue over
the weighted average useful life of 6 years. In-process
research and development of $14 million relates to projects
that had not reached technological feasibility and had no
alternative future use, and therefore, did not qualify for
capitalization and was recorded as an operating expense during
2009 in the accompanying consolidated statements of income.
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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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Quarterly Results of Operations (unaudited)
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Quarterly Results of Operations (unaudited) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Results of Operations (unaudited) |
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- Details
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- Definition
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule II - Consolidated Valuation And Qualifying Accounts
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Consolidated Valuation And Qualifying Accounts [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SCHEDULE II CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS |
WESTERN
DIGITAL CORPORATION
SCHEDULE II — CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS Three years ended July 1, 2011 (in millions)
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- Definition
The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Organization and Summary of Significant Accounting Policies (Policies)
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Organization and Summary of Significant Accounting Policies and Supplemental Financial Statement Data [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiscal Year |
Fiscal
Year
The Company has a 52 or 53-week fiscal year. The 2011 fiscal
year which ended on July 1, 2011 consisted of
52 weeks. The 2010 and 2009 fiscal years, which ended on
July 2, 2010 and July 3, 2009, respectively, consisted
of 52 and 53 weeks each, respectively.
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Basis of Presentation |
Basis of
Presentation
The consolidated financial statements include the accounts of
the Company and its wholly owned subsidiaries. All significant
intercompany accounts and transactions have been eliminated in
consolidation. The accounts of foreign subsidiaries have been
remeasured using the U.S. dollar as the functional
currency. As such, gains or losses resulting from remeasurement
of these accounts from local currencies into U.S. dollars
are reflected in the results of operations. These gains and
losses were immaterial to the consolidated financial statements.
On June 30, 2010, the Company acquired the magnetic media
sputtering operations of Hoya Corporation and Hoya Magnetics
Singapore Pte. Ltd (together, “Hoya”). On
March 27, 2009, the Company acquired SiliconSystems, Inc.
(“SiliconSystems”). The acquisitions are further
described in Note 14. The results of operations of Hoya and
SiliconSystems since the dates of their acquisitions are
included in the consolidated financial statements.
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Cash and Cash Equivalents |
Cash and
Cash Equivalents
The Company’s cash equivalents represent highly liquid
investments in money market funds, which are invested in
U.S. Treasury securities, U.S. Treasury bills and
U.S. Government agency securities with original maturities
when purchased of three months or less.
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Investments |
Investments
The Company’s investments consist of auction-rate
securities, which are primarily backed by insurance products
with original maturities greater than three months. The Company
has classified these investments as
available-for-sale
securities and they are carried at fair value within other
non-current assets in the consolidated balance sheets.
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Fair Value of Financial Instruments |
Fair
Value of Financial Instruments
The carrying amounts of cash equivalents, accounts receivable,
investments, accounts payable and accrued expenses approximate
fair value for all periods presented because of the short-term
maturity of these assets and liabilities or, in the case of
investments, these are recorded using appropriate market
information. The carrying amount of debt approximates fair value
because of its variable interest rate.
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Concentration of Credit Risk |
Concentration
of Credit Risk
The Company sells its products to computer manufacturers,
resellers and retailers throughout the world. The Company
performs ongoing credit evaluations of its customers’
financial condition and generally requires no collateral. The
Company maintains allowances for potential credit losses, and
such losses have historically been within management’s
expectations. At any given point in time, the total amount
outstanding from any one of a number of its customers may be
individually significant to the Company’s financial
results. At July 1, 2011 and July 2, 2010, the Company
had reserves for potential credit losses of $5 million and
$6 million, respectively, and net accounts receivable of
$1.2 billion and $1.3 billion, respectively.
The Company also has cash equivalent and investment policies
that limit the amount of credit exposure to any one financial
institution or investment instrument and requires that
investments be made only with financial institutions or in
investment instruments evaluated as highly credit-worthy.
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Inventory |
Inventory
The Company values inventories at the lower of cost
(first-in,
first out and weighted average methods) or net realizable value.
The
first-in,
first-out (“FIFO”) method is used to value the cost of
the majority of the Company’s inventories, while the
weighted-average method is used to value precious metal
inventories. Weighted-average cost is calculated based upon the
cost of precious metals at the time they are received by the
Company. The Company has determined that it is not practicable
to assign specific costs to individual units of precious metals
and, as such, precious metals are relieved from inventory based
on the weighted-average cost of the inventory at the time the
inventory is used in production. The weighted average method of
valuing precious metals does not materially differ from a FIFO
method. As of July 1, 2011 and July 2, 2010, 85% and
82% of the inventory was valued using the FIFO method with the
remainder valued using the weighted average method. Inventory
write-downs are recorded for the valuation of inventory at the
lower of cost or net realizable value by analyzing market
conditions and estimates of future sales prices as compared to
inventory costs and inventory balances.
The Company evaluates inventory balances for excess quantities
and obsolescence on a regular basis by analyzing estimated
demand, inventory on hand, sales levels and other information,
and reduces inventory balances to net realizable value for
excess and obsolete inventory based on this analysis.
Unanticipated changes in technology or customer demand could
result in a decrease in demand for one or more of the
Company’s products, which may require a write down of
inventory that could materially affect operating results.
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Property, Plant and Equipment |
Property,
Plant and Equipment
The cost of property, plant and equipment is depreciated over
the estimated useful lives of the respective assets. The
Company’s buildings are depreciated over periods ranging
from fifteen to thirty years. The majority of the Company’s
equipment is depreciated over periods of three to seven years.
Depreciation is computed on a straight-line basis. Leasehold
improvements are amortized over the lesser of the estimated
useful lives of the assets or the related lease terms.
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Goodwill and Other Long-Lived Assets |
Goodwill
and Other Long-Lived Assets
The total purchase price in a business combination is allocated
to the fair value of assets acquired and liabilities assumed
based on their fair values at the acquisition date, with amounts
exceeding the fair values being recorded as goodwill. Goodwill
is not amortized. Instead, it is tested for impairment on an
annual basis or more frequently whenever events or changes in
circumstances indicate that goodwill may be impaired. The
Company did not record any impairment of goodwill during 2011,
2010 or 2009.
Other intangible assets consist primarily of technology acquired
in business combinations. Acquired intangibles are amortized on
a straight-line basis over their respective estimated useful
lives. Long-lived assets are tested for recoverability whenever
events or changes in circumstances indicate that their carrying
amounts may not be recoverable.
The Company did not record any impairments to long-lived assets
during 2011 or 2010. The Company recorded impairments to certain
long-lived assets during 2009. See Note 13.
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Revenue and Accounts Receivable |
Revenue
and Accounts Receivable
Revenue is recognized when the title and risk of loss have
passed to the customer, there is persuasive evidence of an
arrangement, delivery has occurred, or services have been
rendered, the sales price is fixed or determinable and
collectability is reasonably assured. The Company establishes
provisions against revenue and cost of revenue for estimated
sales returns in the same period that the related revenue is
recognized based on existing product return notifications. If
actual sales returns exceed expectations, an increase in the
sales return accrual would be required, which could materially
affect operating results.
In accordance with standard industry practice, the Company
provides distributors and retailers (collectively referred to as
“resellers”) with limited price protection for
inventories held by resellers at the time of published list
price reductions, and the Company provides resellers and OEMs
with other sales incentive programs. At the time the Company
recognizes revenue to resellers and OEMs, a reduction of revenue
is recorded for estimated price protection until the resellers
sell such inventory to their customers and the Company also
records a reduction of revenue for the other programs in effect.
The Company bases these adjustments on several factors including
anticipated price decreases during the reseller holding period,
reseller’s sell-through and inventory levels, estimated
amounts to be reimbursed to qualifying customers, historical
pricing information and customer claim processing. If customer
demand for hard drives or market conditions differ from the
Company’s expectations, the Company’s operating
results could be materially affected. The Company also has
programs under which it reimburses qualified distributors and
retailers for certain marketing expenditures, which are recorded
as a reduction of revenue. Sales incentive and marketing
programs are recorded as a reduction of revenue.
The Company records an allowance for doubtful accounts by
analyzing specific customer accounts and assessing the risk of
loss based on insolvency, disputes or other collection issues.
In addition, the Company routinely analyzes the different
receivable aging categories and establishes reserves based on a
combination of past due receivables and expected future losses
based primarily on its historical levels of bad debt losses. If
the financial condition of a significant customer deteriorates
resulting in its inability to pay its accounts when due, or if
the Company’s overall loss history changes significantly,
an adjustment in the Company’s allowance for doubtful
accounts would be required, which could materially affect
operating results.
The Company establishes provisions against revenue and cost of
revenue for sales returns in the same period that the related
revenue is recognized. These provisions are based on existing
product return notifications. If actual sales returns exceed
expectations, an increase in the sales return accrual would be
required, which could materially affect operating results.
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Warranty |
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 assist 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.
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Litigation and Other Contingencies |
Litigation
and Other Contingencies
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 and
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. 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. See Note 5.
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Advertising Expense |
Advertising
Expense
Advertising costs are expensed as incurred. Selling, general and
administrative expenses of the Company included advertising
costs of $11 million, $7 million, and $5 million
in 2011, 2010 and 2009, respectively.
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Income Taxes |
Income
Taxes
The Company accounts for income taxes under the asset and
liability method, which provides that deferred tax assets and
liabilities be recognized for temporary differences between the
financial reporting basis and the tax basis of assets and
liabilities and expected benefits of utilizing net operating
loss (“NOL”) and tax credit carryforwards. The Company
records a valuation allowance when it is more likely than not
that the deferred tax assets will not be realized. Each period,
the Company evaluates the need for a valuation allowance for its
deferred tax assets and adjusts the valuation allowance so that
the Company records net deferred tax assets only to the extent
that it has concluded it is more likely than not that these
deferred tax assets will be realized.
The Company recognizes liabilities for uncertain tax positions
based on a two-step process. To the extent a tax position does
not meet a more-likely-than-not level of certainty, no benefit
is recognized in the financial statements. If a position meets
the more-likely-than-not level of certainty, it is recognized in
the financial statements at the largest amount that has a
greater than 50% likelihood of being realized upon ultimate
settlement. Interest and penalties related to unrecognized tax
benefits are recognized on liabilities recorded for uncertain
tax positions, as applicable, and are recorded in the provision
for income taxes. The actual liability for unrealized tax
benefits may be materially different from the Company’s
estimates, which could result in the need to record additional
liabilities for unrecognized tax benefits or potentially adjust
previously-recorded liabilities for unrealized tax benefits, and
may materially affect our operating results.
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Income per Common Share |
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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Stock-Based Compensation |
Stock-based
Compensation
The Company accounts for all stock-based compensation at fair
value. Stock-based compensation cost is measured at the grant
date based on the value of the award and is recognized as
expense over the vesting period. The fair values of all stock
options granted are estimated using a binomial model, and the
fair values of all ESPP purchase rights are estimated using the
Black-Scholes-Merton option-pricing model. Both the binomial and
the Black-Scholes-Merton option-pricing models require the input
of highly subjective assumptions. The Company is required to use
judgment in estimating the amount of stock-based awards that are
expected to be forfeited. If actual forfeitures differ
significantly from the original estimate, stock-based
compensation expense and the results of operations could be
materially affected.
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Other Comprehensive Income (Loss) |
Other
Comprehensive Income (Loss)
Other comprehensive income (loss) refers to revenue, expenses,
gains and losses that are recorded as an element of
shareholders’ equity but are excluded from net income. The
Company’s other comprehensive income (loss) is comprised of
unrealized gains and losses on foreign exchange contracts.
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Foreign Exchange Contracts |
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 purposes. The Company had
outstanding foreign exchange contracts with commercial banks for
Thai Baht, Malaysian Ringgit, Euro and British Pound Sterling
with aggregate notional amounts of $1.5 billion and
$1.1 billion at July 1, 2011 and July 2, 2010,
respectively. 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. 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 consolidated financial
statements for all years presented. See Notes 10 and 11 for
additional disclosures related to foreign exchange contracts.
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Use of Estimates |
Use of
Estimates
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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Recent Accounting Pronouncements |
Recent
Accounting Pronouncements
In September 2009, the FASB issued Accounting Standards Update
(“ASU”)
2009-13,
“Multiple-Deliverable Revenue Arrangements” (“ASU
2009-13”),
and ASU
2009-14,
“Certain Revenue Arrangements That Include Software
Elements” (“ASU
2009-14”).
ASU 2009-13
amends the revenue guidance under Subtopic
605-25,
“Multiple Element Arrangements,” and addresses how to
determine whether an arrangement involving multiple deliverables
contains more than one unit of accounting and how arrangement
consideration shall be measured and allocated to the separate
units of accounting in the arrangement. ASU
2009-14
excludes tangible products containing software components and
non-software components that function together to deliver the
product’s essential functionality from the scope of
Subtopic
985-605,
“Revenue Recognition.” ASU
2009-13 and
ASU 2009-14
are effective for fiscal periods beginning on or after
June 15, 2010, which for the Company was the first quarter
of fiscal 2011. The Company’s adoption of ASU
2009-13 and
ASU 2009-14
had no impact on its consolidated financial statements.
In May 2011, the FASB issued ASU
2011-04,
“Amendments to Achieve Common Fair Value Measurement and
Disclosure Requirements in U.S. GAAP and IFRSs”
(“ASU
2011-04”).
ASU 2011-04
clarifies existing fair value measurement and disclosure
requirements by amending certain fair value measurement
principles and requiring additional disclosures regarding fair
value measurements. ASU 2011-04 is effective for fiscal periods
beginning after December 15, 2011, which for the Company is
the third quarter of fiscal 2012. The Company is currently
evaluating the impact that
ASU 2011-04
will have on its consolidated financial statements.
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 the impact that ASU
2011-05 will
have on its consolidated financial statements.
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X | ||||||||||
- Definition
Disclosure of accounting policy for advertising costs. For those costs that cannot be capitalized, discloses whether such costs are expensed as incurred or the first period in which the advertising takes place. For direct response advertising costs that are capitalized, describes those assets and the accounting policy used, including a description of the qualifying activity, the types of costs capitalized and the related amortization period. An entity also may disclose its accounting policy for cooperative advertising arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for its derivative instruments and hedging activities. Disclosure may include: (1) Each method used to account for derivative financial instruments and derivative commodity instruments ("derivatives"); (2) the types of derivatives accounted for under each method; (3) the criteria required to be met for each accounting method used, including a discussion of the criteria required to be met for hedge or deferral accounting and accrual or settlement accounting (for example, whether and how risk reduction, correlation, designation, and effectiveness tests are applied); (4) the accounting method used if the criteria specified for hedge accounting are not met; (5) the method used to account for termination of derivatives designated as hedges or derivatives used to affect directly or indirectly the terms, fair values, or cash flows of a designated item; (6) the method used to account for derivatives when the designated item matures, is sold, is extinguished, or is terminated. In addition, the method used to account for derivatives designated to an anticipated transaction, when the anticipated transaction is no longer likely to occur; and (7) where and when derivatives, and their related gains or losses are reported in the statement of financial position, cash flows, and results of operations and (8) an accounting policy decision to offset fair value amounts with counterparties. An entity may also describe its embedded derivatives, and the method(s) used to determine the fair values of derivatives and any significant assumptions used in such valuations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Disclosure of accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for standard warranties including the methodology for measuring the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- 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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X | ||||||||||
- Definition
Basis Of Presentation Policy Text Block. No definition available.
|
X | ||||||||||
- Definition
Concentration of Credit Risk Policy. No definition available.
|
X | ||||||||||
- Definition
Litigation and Other Contingencies Policy. No definition available.
|
X | ||||||||||
- Definition
Recent Accounting Pronouncements policy and disclosure of any changes in accounting principle as required by new accounting pronouncements. No definition available.
|
X | ||||||||||
- Definition
Revenue and Accounts Receivable Policy. No definition available.
|
Organization and Summary of Significant Accounting Policies (Tables)
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Organization and Summary of Significant Accounting Policies and Supplemental Financial Statement Data [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income per Common Share |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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Supplemental Financial Statement Data (Tables)
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Organization and Summary of Significant Accounting Policies and Supplemental Financial Statement Data [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories |
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Property, Plant and Equipment |
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X | ||||||||||
- Details
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X | ||||||||||
- 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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X | ||||||||||
- Definition
Tabular disclosure of the carrying value of long lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale including land, buildings, machinery and equipment and furniture and fixtures. No definition available.
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Debt (Tables)
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Long-term debt |
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- Details
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X | ||||||||||
- Definition
Tabular disclosure of the amount of debt due within one year and long-term debt. No definition available.
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Commitments and Contingencies (Tables)
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Commitments, Contingencies and Legal Proceedings [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Future minimum lease payments under operating leases |
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Changes in accrual warranty |
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- Details
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X | ||||||||||
- Definition
Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. 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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Business Segment, Geographic Information and Major Customers (Tables)
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Business Segment Geographic Information and Major Customers [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarize table of operations by geographic area |
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X | ||||||||||
- Definition
Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Shareholders' Equity (Tables)
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Jul. 01, 2011
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Shareholders Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option Activity |
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Options outstanding and exercisable under the Stock Plans |
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Fair value of stock options granted |
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Fair values of all employee stock purchase plan rights granted |
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Restricted Stock Unit |
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Summarizes table of all shares of common stock reserved for issuance |
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X | ||||||||||
- Details
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X | ||||||||||
- 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.
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X | ||||||||||
- Definition
Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- 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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- Definition
Tabular disclosure of the weighted average assumptions used in calculating the fair value of employee stock purchase plan purchase rights granted. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the weighted average assumptions used in calculating the fair value of stock options granted. No definition available.
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- Definition
Summarizes table of all shares of common stock reserved for issuance. No definition available.
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Income Taxes (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2011
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Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic and foreign components of income before income taxes |
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Components of the provision for income taxes |
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Deferred tax assets and liabilities |
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U.S. Federal statutory rate to the Company's effective tax rate |
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Total amounts of unrecognized tax benefits |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of income before income tax between domestic and foreign jurisdictions. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2011
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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial assets measured at fair value on a recurring basis |
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Changes in Level 3 financial assets measured on a recurring basis |
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X | ||||||||||
- Definition
Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- 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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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 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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X | ||||||||||
- Details
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X | ||||||||||
- 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 | ||||||||||
- 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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Other Intangible Assets (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2011
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Other Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Intangible Assets |
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. 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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Acquisition (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2011
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Acquisitions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition of identifiable intangible assets, and liabilities assumed |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Results of Operations (unaudited) (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2011
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Quarterly Results of Operations (unaudited) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Results of Operations (unaudited) |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Organization and Summary of Significant Accounting Policies (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 01, 2011
|
Apr. 01, 2011
|
Dec. 31, 2010
|
Oct. 01, 2010
|
Jul. 02, 2010
|
Apr. 02, 2010
|
Jan. 01, 2010
|
Oct. 02, 2009
|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Computation of basic and diluted income per common share | |||||||||||
Net income | $ 158 | $ 146 | $ 225 | $ 197 | $ 265 | $ 400 | $ 429 | $ 288 | $ 726 | $ 1,382 | $ 470 |
Weighted average shares outstanding: | |||||||||||
Basic | 231 | 228 | 222 | ||||||||
Employee stock options and other | 4 | 5 | 4 | ||||||||
Diluted | 235 | 233 | 226 | ||||||||
Income per common share: | |||||||||||
Basic income per common share | $ 0.68 | $ 0.63 | $ 0.98 | $ 0.86 | $ 1.15 | $ 1.75 | $ 1.89 | $ 1.28 | $ 3.14 | $ 6.06 | $ 2.12 |
Diluted income per common share | $ 0.67 | $ 0.62 | $ 0.96 | $ 0.84 | $ 1.13 | $ 1.71 | $ 1.85 | $ 1.25 | $ 3.09 | $ 5.93 | $ 2.08 |
Anti-dilutive potential common shares excluded | 3 | 1 | 6 |
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 | ||||||||||
- Details
|
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 | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date when foreign currency exchange rate derivatives mature or expire. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount of all derivatives. The notional amount relates to a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of FIFO (first in first out) inventory to total inventory as of the balance sheet date if other than 100 percent. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. 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. No definition available.
|
X | ||||||||||
- Definition
The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. 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. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Original maturities of insurance products that back the Company's investments which consist of auction rate securities. No definition available.
|
X | ||||||||||
- Definition
Product Warranty Period Maximum. No definition available.
|
X | ||||||||||
- Definition
Product Warranty Period Minimum. No definition available.
|
X | ||||||||||
- Definition
Percentage threshold of likelihood for uncertain tax positions to be realized upon settlement which are recognized as a liability in the financial statements. No definition available.
|
X | ||||||||||
- Definition
Reserves for potential credit losses. No definition available.
|
Supplemental Financial Statement Data (Details) (USD $)
In Millions, unless otherwise specified |
Jul. 01, 2011
|
Jul. 02, 2010
|
---|---|---|
Property, Plant and Equipment: | ||
Total property, plant and equipment | $ 4,837 | $ 4,223 |
Accumulated depreciation and amortization | (2,613) | (2,064) |
Property and equipment, net | 2,224 | 2,159 |
Inventories: | ||
Raw materials and component parts | 172 | 159 |
Work-in-process | 263 | 255 |
Finished goods | 142 | 146 |
Total inventories | 577 | 560 |
Land and Building [Member]
|
||
Property, Plant and Equipment: | ||
Total property, plant and equipment | 750 | 675 |
Machinery and Equipment [Member]
|
||
Property, Plant and Equipment: | ||
Total property, plant and equipment | 3,963 | 3,470 |
Furniture and Fixtures [Member]
|
||
Property, Plant and Equipment: | ||
Total property, plant and equipment | 9 | 9 |
Leasehold Improvements [Member]
|
||
Property, Plant and Equipment: | ||
Total property, plant and equipment | $ 115 | $ 69 |
X | ||||||||||
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
Debt (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||||
---|---|---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Feb. 29, 2008
|
Jul. 01, 2011
Term Loan [Member]
|
Feb. 29, 2008
Term Loan [Member]
|
|
Long-term debt | |||||
Term loan | $ 294 | $ 400 | $ 294 | ||
Less amounts due in one year | (144) | (106) | |||
Long-term debt | 150 | 294 | |||
Debt (Textuals) [Abstract] | |||||
Term loan | 500 | ||||
Variable interest rate of term loan | 1.44% | ||||
Remaining balance amount of loan | 294 | 400 | 294 | ||
Total principle amount payable, 2012 | 144 | ||||
Total principle amount payable, 2013 | $ 150 | ||||
Maturity date of term loan | Feb. 11, 2013 | ||||
Debt (Additional) (Textuals) [Abstract] | |||||
Period of term loan facility | 5 years |
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 | ||||||||||
- Details
|
X | ||||||||||
- 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
|
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 | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Period of Term loan facility. No definition available.
|
Commitments and Contingencies (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Future minimum lease payments under operating leases | |||
2012 | $ 18 | ||
2013 | 17 | ||
2014 | 14 | ||
2015 | 11 | ||
2016 | 9 | ||
Thereafter | 46 | ||
Total future minimum payments | 115 | ||
Changes in accrual warranty | |||
Warranty accrual, beginning of period | 170 | 123 | 114 |
Charges to operations | 172 | 183 | 126 |
Utilization | (160) | (138) | (111) |
Changes in estimate related to pre-existing warranties | (12) | 2 | (6) |
Warranty accrual, end of period | 170 | 170 | 123 |
Commitments and Contingencies (Textuals) [Abstract] | |||
Operating leases consist of leased property that expire at various dates | various dates through 2020 | ||
Rental Expense | 23 | 22 | 21 |
Accrued warranty includes in other liabilities | 38 | 41 | |
2012 | 636 | ||
2013 | 6 | ||
2014 | 6 | ||
2015 | 5 | ||
2016 | $ 1 |
X | ||||||||||
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fifth year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fourth year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the third year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the second year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due after the fifth year from the balance sheet date on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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 | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Long term purchase commitment in year five after the date of the latest balance sheet presented. No definition available.
|
X | ||||||||||
- Definition
Long term purchase commitment in year four after the date of the latest balance sheet presented. No definition available.
|
X | ||||||||||
- Definition
Long term purchase commitment due within twelve months of the latest balance sheet date presented. No definition available.
|
X | ||||||||||
- Definition
Long term purchase commitment in year three after the date of the latest balance sheet presented. No definition available.
|
X | ||||||||||
- Definition
Long term purchase commitment in year two after the date of the latest balance sheet presented. No definition available.
|
X | ||||||||||
- Definition
Expiration dates of operating leases which consist of leased property. No definition available.
|
Business Segment, Geographic Information and Major Customers (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 01, 2011
|
Apr. 01, 2011
|
Dec. 31, 2010
|
Oct. 01, 2010
|
Jul. 02, 2010
|
Apr. 02, 2010
|
Jan. 01, 2010
|
Oct. 02, 2009
|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Net revenue: | |||||||||||
Revenue, net (U.S) | $ 1,589 | $ 1,889 | $ 1,492 | ||||||||
Revenue, net | 2,403 | 2,252 | 2,475 | 2,396 | 2,382 | 2,641 | 2,619 | 2,208 | 9,526 | 9,850 | 7,453 |
Long-lived assets: | |||||||||||
Long-lived assets (U.S) | 1,285 | 1,173 | 1,285 | 1,173 | 1,043 | ||||||
Long-lived assets | 2,631 | 2,608 | 2,631 | 2,608 | 2,061 | ||||||
Business Segment Geographic Information and Major Customers (Textuals) [Abstract] | |||||||||||
Maximum contribution of customer in company's net revenue | 10%, or more | 10%, or more | |||||||||
Contribution of dell in company's net revenue | 10.00% | ||||||||||
Asia [Member]
|
|||||||||||
Net revenue: | |||||||||||
Revenue, net | 5,434 | 5,239 | 3,639 | ||||||||
Long-lived assets: | |||||||||||
Long-lived assets | 1,345 | 1,379 | 1,345 | 1,379 | 954 | ||||||
Europe, Middle East and Africa [Member]
|
|||||||||||
Net revenue: | |||||||||||
Revenue, net | 2,196 | 2,260 | 2,008 | ||||||||
Long-lived assets: | |||||||||||
Long-lived assets | 1 | 56 | 1 | 56 | 64 | ||||||
Others [Member]
|
|||||||||||
Net revenue: | |||||||||||
Revenue, net | $ 307 | $ 462 | $ 314 |
X | ||||||||||
- 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 after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets, located in the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets, located in foreign countries in total in which the entity holds assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Revenues from external customers attributed to the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Revenues from external customers attributed to all foreign countries in total from which the entity derives revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage Of Client Contribution To Companys Net Revenue. No definition available.
|
X | ||||||||||
- Definition
Percentage threshold of companys net revenue to determine major customer. No definition available.
|
Western Digital Corporation 401(k) Plan (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Western Digital Corporation 401(k) Plan (Textuals) [Abstract] | |||
Terms of employer contribution | The Company makes a basic matching contribution on behalf of each participating eligible employee equal to fifty percent (50%) of the eligible participant’s pre-tax contributions for the contribution cycle not to exceed 5% of the eligible participant’s compensation; provided, however, that each eligible participant shall receive a minimum annual basic matching contribution equal to fifty percent (50%) of the first $4,000 of pre-tax contributions for any calendar year | ||
Company contributions vest period | 5 years | ||
Company contributions | $ 9 | $ 9 | $ 7 |
X | ||||||||||
- Definition
The increase in the fair value of plan assets from contributions made by the employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Company contributions vest period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Terms of employer contribution. No definition available.
|
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
|
X | ||||||||||
- Definition
Weighted average exercise price as of the balance sheet date for those equity-based payment arrangements exercisable and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance pertaining to the outstanding stock options as of the balance sheet date for all option plans in the customized range of exercise prices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding stock options which are in the customized range of exercise prices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average period remaining as of the balance sheet date until option expiration pertaining to the outstanding stock options for all option plans in the customized range of exercise prices, which may be expressed in a variety of ways (for example, years, months). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Share based compensation shares authorized under stock options plans exercise price range lower range limit. No definition available.
|
X | ||||||||||
- Definition
Share based compensation shares authorized under stock options plans exercise price range upper range limit. No definition available.
|
Shareholders' Equity (Details 2) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Fair value of stock options granted | |||
Suboptimal exercise factor | 1.81 | 1.73 | 1.73 |
Risk-free interest rates, minimum | 0.20% | 0.31% | 0.38% |
Risk-free interest rates, maximum | 2.90% | 3.40% | 3.44% |
Expected stock price volatility, minimum | 39.00% | 40.00% | 43.00% |
Expected stock price volatility, maximum | 59.00% | 72.00% | 77.00% |
Weighted average expected volatility | 52.00% | 57.00% | 55.00% |
Post-vesting termination rate | 2.44% | 3.57% | 4.02% |
Dividend yield | 0.00% | 0.00% | 0.00% |
Fair value | $ 11.42 | $ 17.09 | $ 9.05 |
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.
|
Shareholders' Equity (Details 3) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Employee stock purchase plan | |||
Option life (in years) | 4.7 | 4.6 | 4.9 |
Dividend yield | 0.00% | 0.00% | 0.00% |
Fair value | $ 11.42 | $ 17.09 | $ 9.05 |
Employee Stock [Member]
|
|||
Employee stock purchase plan | |||
Option life (in years) | 1.25 | 1.24 | 1.30 |
Risk-free interest rates | 0.44% | 0.57% | 0.65% |
Stock price volatility | 44.00% | 53.00% | 63.00% |
Dividend yield | 0.00% | 0.00% | 0.00% |
Fair value | $ 8.36 | $ 10.02 | $ 3.61 |
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 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 estimated measure of the 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. 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 | ||||||||||
- Details
|
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.
|
Shareholders Equity (Details 5)
In Millions, unless otherwise specified |
Jul. 01, 2011
|
---|---|
Summarizes table of all shares of common stock reserved for issuance | |
Shares of common stock reserved for issuance | 28.9 |
Outstanding Awards and Shares Available For Award [Member]
|
|
Summarizes table of all shares of common stock reserved for issuance | |
Shares of common stock reserved for issuance | 25.4 |
Employee Stock [Member]
|
|
Summarizes table of all shares of common stock reserved for issuance | |
Shares of common stock reserved for issuance | 3.5 |
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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 maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). 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
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate value of restricted stock awards vested. No definition available.
|
X | ||||||||||
- Definition
Amount at which the Company can redeem each right under the Stock Purchase Rights plan. No definition available.
|
X | ||||||||||
- Definition
Amount of the Companys common stock that was announced to be acquired or for which a tender offer was received that triggers the purchase of Series A Junior Participating Preferred Stock of the Company under the Stock Purchase Rights plan. No definition available.
|
X | ||||||||||
- Definition
Common stock remain outstanding and exercisable under Prior Stock Plans Option for purchase. No definition available.
|
X | ||||||||||
- Definition
Amount of payroll deductions eligible employees can make for contributions to the employee stock purchase plan. No definition available.
|
X | ||||||||||
- Definition
Period of time for which the purchase price offered on the date of grant for the employee stock purchase plan is valid. No definition available.
|
X | ||||||||||
- Definition
Exercise price for stock purchase right of Series A Junior Participating Preferred Stock of the Company under the Stock Purchase Rights plan. No definition available.
|
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
Number Of Shares To Be Issued For Every One Share Actually Issued In Connection With Award. 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
Percentage of market value of the Company's common stock at which eligible employees may purchase the Company's common stock as part of the employee stock purchase plan. No definition available.
|
X | ||||||||||
- Definition
Termination date of the share based compensation plan. No definition available.
|
X | ||||||||||
- Details
|
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 | ||||||||||
- 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 component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of foreign enacted tax law to the foreign taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of excess of tax deductions over gross income in a year which cannot be used on the tax return of the country of domicile in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of estimated future tax deductions arising from other temporary differences not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from employee compensation costs, which can only be deducted for tax purposes when actual costs are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax effects arising from all other reserves, which can only be deducted for tax purposes when losses pertaining to such reserves are actually incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of all deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A taxable temporary difference is a difference between the tax basis and the carrying amount of an asset or liability in the financial statements prepared in accordance with generally accepted accounting principles that will result in taxable amounts in one or more future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Represents the current portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A current taxable temporary difference is a difference between the tax basis and the carrying amount of a current asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of the estimated future tax effects attributable to other temporary differences not otherwise specified in this taxonomy that were expensed for tax purposes but capitalized in conformity with generally accepted accounting principles, or which were recognized as revenue under GAAP but not for tax purposes, which will reverse in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to pretax Income or Loss from continuing operations; income tax expense or benefit may include interest and penalties on tax uncertainties based on the entity's accounting policy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Deferred tax liabilities, depreciation. No definition available.
|
Income Taxes (Details 1) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Effective Tax Rate | |||
U.S. Federal statutory rate | 35.00% | 35.00% | 35.00% |
Tax rate differential on international income | (26.00%) | (26.00%) | (30.00%) |
Tax effect of U.S. permanent differences | 3.00% | 1.00% | 6.00% |
State income tax, net of federal tax | (1.00%) | 1.00% | |
Income tax credits | (4.00%) | (1.00%) | (8.00%) |
Other | 2.00% | ||
Effective tax rate | 7.00% | 9.00% | 6.00% |
Uncertain Tax Positions | |||
Unrecognized tax benefit at July 2, 2010 | $ 230 | ||
Gross increases related to prior year tax positions | 5 | ||
Gross decreases related to prior year tax positions | (11) | ||
Gross increases related to current year tax positions | 24 | ||
Settlements/lapse of statute of limitations | (3) | ||
Unrecognized tax benefit at July 1, 2011 | $ 245 | $ 230 |
X | ||||||||||
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the difference between statutory income tax rates in foreign jurisdictions and the domestic federal statutory income tax rate recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate that can be explained by all tax credits generated or utilized under enacted tax laws during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by tax credits, not otherwise listed in the existing taxonomy, generated or utilized under enacted tax laws during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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 gross amount of decreases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to differences in the deductibility or nondeductibility of items such as stock options and other equity-based compensation costs and foreign income not eligible for deferral in accordance with generally accepted accounting principles and enacted tax laws. No definition available.
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of excess of tax deductions over gross income in a year which cannot be used on the tax return of a state or local jurisdiction in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the deferred tax liability which was not recognized because of the exceptions to comprehensive recognition of deferred taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The per share effect of the aggregate dollar amount of the income tax benefit resulting from the income tax holidays granted to the entity by taxing jurisdictions. 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
Amount of benefit that may be recognized for uncertain tax positions. No definition available.
|
X | ||||||||||
- Definition
Credit carryforwards available to offset future taxable income. No definition available.
|
X | ||||||||||
- Definition
Estimated impact of proposed IRS adjustments on pre-tax income. No definition available.
|
X | ||||||||||
- Definition
Amount of federal and state tax credit carryforwards as of the latest balance sheet date. No definition available.
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of excess tax deductions over gross income in a year which cannot be used on the tax return of a federal jurisdiction in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. No definition available.
|
X | ||||||||||
- Definition
Increase in net operating loss benefits due to current year stock based compensation deductions. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net operating loss benefits related to stock based compensation deductions. No definition available.
|
X | ||||||||||
- Definition
Net undistributed earnings from foreign subsidiaries on which no U.S. tax has been provided as of the latest balance sheet date. No definition available.
|
X | ||||||||||
- Definition
NOL carryforward available to offset future federal taxable income, Expiration period. No definition available.
|
X | ||||||||||
- Definition
NOL carryforward available to offset future state taxable income, Expiration period. No definition available.
|
Fair Value Measurements (Details) (Fair Value, Measurements, Recurring [Member], USD $)
In Millions, unless otherwise specified |
Jul. 01, 2011
|
Jul. 02, 2010
|
---|---|---|
Assets: | ||
Total cash equivalents | $ 859 | $ 1,213 |
Total assets at fair value | 874 | 1,245 |
Liabilities: | ||
Liabilities At Fair Value | (5) | |
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Total cash equivalents | 721 | 458 |
Total assets at fair value | 721 | 458 |
Liabilities: | ||
Liabilities At Fair Value | 0 | |
Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Total cash equivalents | 138 | 755 |
Total assets at fair value | 138 | 772 |
Liabilities: | ||
Liabilities At Fair Value | (5) | |
Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
Total assets at fair value | 15 | 15 |
Liabilities: | ||
Liabilities At Fair Value | 0 | |
Money Market Funds [Member]
|
||
Assets: | ||
Total cash equivalents | 721 | 458 |
Money Market Funds [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Total cash equivalents | 721 | 458 |
Money Market Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
Money Market Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
US Treasury Securities [Member]
|
||
Assets: | ||
Total cash equivalents | 60 | 385 |
US Treasury Securities [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
US Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Total cash equivalents | 60 | 385 |
US Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
U.S. Government agency securities [Member]
|
||
Assets: | ||
Total cash equivalents | 78 | 370 |
U.S. Government agency securities [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
U.S. Government agency securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Total cash equivalents | 78 | 370 |
U.S. Government agency securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Total cash equivalents | 0 | 0 |
Auction Rate Securities [Member]
|
||
Assets: | ||
Auction-rate securities | 15 | 15 |
Auction Rate Securities [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Auction-rate securities | 0 | 0 |
Auction Rate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Auction-rate securities | 0 | 0 |
Auction Rate Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Auction-rate securities | 15 | 15 |
Foreign Exchange Contract [Member]
|
||
Assets: | ||
Foreign exchange contracts | 17 | |
Liabilities: | ||
Foreign exchange contracts | (5) | |
Foreign Exchange Contract [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
|
||
Assets: | ||
Foreign exchange contracts | 0 | |
Liabilities: | ||
Foreign exchange contracts | 0 | |
Foreign Exchange Contract [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Assets: | ||
Foreign exchange contracts | 17 | |
Liabilities: | ||
Foreign exchange contracts | (5) | |
Foreign Exchange Contract [Member] | Significant Unobservable Inputs (Level 3) [Member]
|
||
Assets: | ||
Foreign exchange contracts | 0 | |
Liabilities: | ||
Foreign exchange contracts | $ 0 |
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 assets 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
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
Assets At Fair Value. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Liabilities at fair value. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Measurements (Details 1) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |
---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
|
Changes in Level 3 financial assets measured on a recurring basis | ||
Beginning Balance | $ 15 | $ 19 |
Sales | (3) | |
Maturities | (1) | |
Fair Value Measurements (Textuals) [Abstract] | ||
Maturity of auction rate securities | Dates Through 2050 | |
U.S. Government agency securities [Member]
|
||
Changes in Level 3 financial assets measured on a recurring basis | ||
Beginning Balance | 1 | |
Maturities | (1) | |
Auction Rate Securities [Member]
|
||
Changes in Level 3 financial assets measured on a recurring basis | ||
Beginning Balance | 18 | |
Sales | $ (3) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Sales that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents an asset measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Maturities. No definition available.
|
X | ||||||||||
- Definition
Maturity of auction rate securities. No definition available.
|
Foreign Exchange Contracts (Details) (Foreign Exchange Contract [Member], USD $)
In Millions, unless otherwise specified |
Jul. 01, 2011
|
Jul. 02, 2010
|
---|---|---|
Fair value and balance sheet location | ||
Derivatives Designated as Hedging Instruments Fair value, Asset derivatives | $ 0 | |
Derivatives Designated as Hedging Instruments Fair Value, Liability derivatives | 0 | |
Other Current Assets [Member]
|
||
Fair value and balance sheet location | ||
Derivatives Designated as Hedging Instruments Fair value, Asset derivatives | 17 | |
Accrued Expenses [Member]
|
||
Fair value and balance sheet location | ||
Derivatives Designated as Hedging Instruments Fair Value, Liability derivatives | $ 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 |
12 Months Ended | |
---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
|
Cost of revenue [Member]
|
||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Amount of Gain (Loss) Reclassified from accumulated OCI into Income | $ 93 | $ 55 |
Foreign Exchange Contract [Member]
|
||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Amount of Gain (Loss) Recognized in accumulated OCI on Derivatives | $ 77 | $ 64 |
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 Textuals) (USD $)
|
12 Months Ended | |
---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
|
Foreign Exchange Contracts (Textuals) [Abstract] | ||
Gains expected to be reclassified into earnings | $ 5,000,000 | |
Foreign exchange contracts opened during the period by company | 4,700,000,000 | 4,800,000,000 |
Foreign exchange contracts closed during the period by company | $ 3,200,000,000 | $ 4,100,000,000 |
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
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
|
Other Intangible Assets (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Other Intangible Assets | |||
Gross Carrying Amount | $ 133 | $ 133 | |
Accumulated Amortization | 62 | 45 | |
Other intangible assets, net | 71 | 88 | |
Other intangible assets (Textuals) [Abstract] | |||
Company acquired intangible asset in Hoya acquisition | 11 | ||
Amortization expense for intangible assets | 17 | 12 | 11 |
Estimated future amortization in, 2012 | 16 | ||
Estimated future amortization in, 2013 | 13 | ||
Estimated future amortization in, 2014 | 13 | ||
Estimated future amortization in, 2015 | 12 | ||
Estimated future amortization in, 2016 | 9 | ||
Existing technology [Member]
|
|||
Other Intangible Assets | |||
Weighted Average Amortization Period | 9 | 9 | |
Gross Carrying Amount | 127 | 127 | |
Accumulated Amortization | 59 | 45 | |
Other intangible assets, net | 68 | 82 | |
Supply agreement [Member]
|
|||
Other Intangible Assets | |||
Weighted Average Amortization Period | 2 | 2 | |
Gross Carrying Amount | 6 | 6 | |
Accumulated Amortization | 3 | ||
Other intangible assets, net | $ 3 | $ 6 |
X | ||||||||||
- Definition
The aggregate amount assigned to a major class of finite-lived intangible assets acquired either individually or as part of a group of assets (in either an asset acquisition or business combination). 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
|
X | ||||||||||
- Definition
The accumulated amount of amortization of a major finite-lived intangible asset class. 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
|
X | ||||||||||
- Definition
Aggregate amount of intangible asset amortization recognized as expense during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the gross carrying amounts before accumulated amortization as of the balance sheet date of all intangible assets having statutory or estimated useful lives. The aggregate gross carrying amount (including any previously recognized impairment charges) of a major finite-lived intangible asset class. 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The calculated weighted-average useful life of all finite-lived intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of amortization expense expected to be recognized during year five of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of amortization expense expected to be recognized during year four of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of amortization expense expected to be recognized during year one of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of amortization expense expected to be recognized during year three of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of amortization expense expected to be recognized during year two of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Restructuring And Sale Of Facility (Details Textuals) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Jul. 03, 2009
|
Jul. 03, 2009
|
|
Restructuring And Sale Of Facility (Textuals) [Abstract] | ||
Headcount reductions | 3,300 | |
Restructuring costs totaled | $ 112 | |
Asset impairment charges | 81 | |
Employee termination benefits | 27 | |
Contract termination and other exit costs | 4 | |
Cash expenditures related to the restructuring activities | 31 | |
Asset impairment related to land buildings machinery and equipment manufacturing facilities in Thailand and Malaysia | 76 | |
Asset impairment related to customer relationship intangible asset acquired from Komag | 5 | |
Sale of substrate manufacturing facility | 29 | 29 |
Gain on sale of assets | $ 18 |
X | ||||||||||
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The difference between the sale price or salvage price and the book value of a property, plant, and equipment asset that was sold or retired during the reporting period. This element refers to the gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the reporting period for charges associated with the consolidation and relocation of operations, disposition or abandonment of operations or productive assets (that is, for reorganizing and restructuring charges and other related expenses). These charges may be incurred in connection with a business combination, change in strategic plan, a managerial response to declines in demand, increasing costs or other environmental factors. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of positions eliminated during the period as a result of restructuring activities. No definition available.
|
X | ||||||||||
- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Contract termination and other exit costs associated with a restructuring plan. No definition available.
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X | ||||||||||
- Details
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Acquisitions (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2010
Magnetic Media Operations [Member]
|
Mar. 27, 2009
Silicon Systems [Member]
|
---|---|---|
Tangible assets acquired and liabilities assumed: | ||
Inventories | $ 35 | |
Property and equipment | 185 | |
Accounts payables and other liabilities | (10) | |
Tangible assets acquired and liabilities assumed, net | 5 | |
Intangible assets | 11 | 24 |
In-process research and development | 14 | |
Goodwill | 12 | 23 |
Total | $ 233 | $ 66 |
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to inventory, including finished goods, work-in-process, and raw materials. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to net tangible assets. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Business acquisition purchase price allocation in process research and development. No definition available.
|
Acquisitions (Details Textuals) (USD $)
Share data in Millions, unless otherwise specified |
12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 01, 2011
|
Jul. 01, 2011
Magnetic Media Operations [Member]
|
Jun. 30, 2010
Magnetic Media Operations [Member]
|
Jul. 01, 2011
Silicon Systems [Member]
|
Mar. 27, 2009
Silicon Systems [Member]
|
Jul. 01, 2011
Semiconductor Wafer Fabrication Facility [Member]
|
May 25, 2010
Semiconductor Wafer Fabrication Facility [Member]
|
Jul. 01, 2011
Hitachi Global Storage Technologies [Member]
|
Apr. 01, 2011
Hitachi Global Storage Technologies [Member]
|
Jul. 01, 2011
Hitachi Global Storage Technologies [Member]
|
Mar. 07, 2011
Hitachi Global Storage Technologies [Member]
|
|
Acquisitions (Textuals) [Abstract] | |||||||||||
Purchase price of planned acquisition | $ 35,000,000 | $ 4,300,000,000 | |||||||||
Company newly issued common stock | 25 | ||||||||||
Fees to be paid to other party if acquisition does not close by a specified date | 250,000,000 | ||||||||||
Expenses related to planned Acquisitions of HGST | 17,000,000 | ||||||||||
Total Senior Credit Facility, Related to Acquisition | 3,000,000,000 | ||||||||||
Total Senior Revolving Facility, Related to Acquisition | 500,000,000 | ||||||||||
Total Senior Term Loan Facility, Related to Acquisition | 2,500,000,000 | ||||||||||
Committed Total Credit Facility, Related to Acquisition | 2,500,000,000 | ||||||||||
Committed Revolving Credit Facility, Related to Acquisition | 500,000,000 | ||||||||||
Committed Term loan Facility, Related to Acquisition | 2,000,000,000 | ||||||||||
Debt commitment fee per annum as percentage of unfunded amount committed to be borrowed under the senior facility | 35.00% | ||||||||||
Debt commitment fee | 2,000,000 | ||||||||||
Total acquisition cost | 233,000,000 | 66,000,000 | |||||||||
Intangible assets | 11,000,000 | 24,000,000 | |||||||||
Amortized to cost of revenue over the weighted average useful life | 3 | 6 | |||||||||
Other direct acquisition costs | 1,000,000 | ||||||||||
Cash paid to shareholders | 65,000,000 | ||||||||||
Land and building | 20,000,000 | ||||||||||
Equipment | 15,000,000 | ||||||||||
In-process research and development | 14,000,000 | ||||||||||
Business Combination, Acquisition Related Costs | $ 7,000,000 | $ 10,000,000 |
X | ||||||||||
- Definition
The calculated weighted-average amortization period of a major class of finite-lived intangible assets acquired during the current period either individually or as part of a group of assets (in either an asset acquisition or business combination). 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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X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to equipment used in the normal course of business, not including equipment that is held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to land and building to be used in the normal course of business, not including assets that are held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Business acquisition purchase price allocation in process research and development. No definition available.
|
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 fees accrued during the period on the unfunded amount committed to be borrowed under the senior 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 | ||||||||||
- 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.
|
Quarterly Results of Operations (unaudited) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 01, 2011
|
Apr. 01, 2011
|
Dec. 31, 2010
|
Oct. 01, 2010
|
Jul. 02, 2010
|
Apr. 02, 2010
|
Jan. 01, 2010
|
Oct. 02, 2009
|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Quarterly Results of Operations (unaudited) [Abstract] | |||||||||||
Revenue, net | $ 2,403 | $ 2,252 | $ 2,475 | $ 2,396 | $ 2,382 | $ 2,641 | $ 2,619 | $ 2,208 | $ 9,526 | $ 9,850 | $ 7,453 |
Gross margin | 469 | 410 | 475 | 437 | 535 | 665 | 687 | 514 | 1,791 | 2,401 | 1,337 |
Operating income | 172 | 158 | 240 | 211 | 293 | 441 | 473 | 319 | 781 | 1,525 | 519 |
Net income | $ 158 | $ 146 | $ 225 | $ 197 | $ 265 | $ 400 | $ 429 | $ 288 | $ 726 | $ 1,382 | $ 470 |
Basic income per common share | $ 0.68 | $ 0.63 | $ 0.98 | $ 0.86 | $ 1.15 | $ 1.75 | $ 1.89 | $ 1.28 | $ 3.14 | $ 6.06 | $ 2.12 |
Diluted income per common share | $ 0.67 | $ 0.62 | $ 0.96 | $ 0.84 | $ 1.13 | $ 1.71 | $ 1.85 | $ 1.25 | $ 3.09 | $ 5.93 | $ 2.08 |
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 | ||||||||||
- 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
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
|
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 net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
Quarterly Results of Operations (unaudited) (Details Textuals) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||
---|---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 01, 2011
Hitachi Global Storage Technologies [Member]
|
Apr. 01, 2011
Hitachi Global Storage Technologies [Member]
|
|
Quarterly Results of Operations unaudited (Textuals) [Abstract] | ||||
Expenses related to the planned acquisition of HGST | $ 7 | $ 10 | ||
Accrual for litigation contingencies | 25 | |||
Debt commitment fees related to planned acquisition of HGST | 2 | |||
Expense related to litigation settlements | $ 27 |
X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. 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
The net proceeds or assets obtained in excess of (less than) the net carrying amount of assets recorded, or assets distributed and liabilities assumed less than (in excess of) estimated litigation liability extinguished, in settlement of a litigation matter. Represents (for other than an insurance entity in its normal claims settlement process), the amount of income (expense) recognized in the period to settle pending or threatened litigation and insurance claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the gross amount awarded, to be received by, or to be remitted to the entity in settlement of litigation occurring during the period. No definition available.
|
X | ||||||||||
- Details
|
Schedule II - Consolidated Valuation And Qualifying Accounts (Details) (Allowance for Doubtful Accounts [Member], USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Jul. 01, 2011
|
Jul. 02, 2010
|
Jul. 03, 2009
|
|
Allowance for Doubtful Accounts [Member]
|
|||
CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS | |||
Beginning Balance | $ 6 | $ 14 | $ 8 |
Additions charged to operations | 0 | 9 | |
Recoveries credited to operations | (6) | ||
Deductions | (1) | (2) | (3) |
Ending Balance | $ 5 | $ 6 | $ 14 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, charged to costs and expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of recoveries of amounts due the Entity that had previously been written off as uncollectible using allowances (the valuation accounts that are netted against the cost of an asset to value it at its carrying value) and total of reestablishments of reserves (liabilities established to represent expected future costs) that had previously been utilized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|