0000106040-22-000040 | 10-Q | XBRL Viewer

Print Document View Excel Document

Supplemental Financial Statement Data - Warranty Accrual Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	$ 351	$ 366	$ 363	$ 408
Charges to operations	35	27	111	86
Utilization	(20)	(27)	(71)	(82)
Changes in estimate related to pre-existing warranties	(11)	(9)	(48)	(55)
Warranty accrual, end of period	$ 355	$ 357	$ 355	$ 357

Net Income Per Common Share

9 Months Ended

Apr. 01, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share The following table presents the computation of basic and diluted income per common share:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021			April 1, 2022		April 2, 2021
	(in millions, except per share data)
Net income	$	25	$	197		$	1,199	$	199
Weighted average shares outstanding:
Basic	313		306			312		305
Employee stock options, RSUs, PSUs and ESPP	3		7			4		3
Basic and diluted	316		313			316		308
Income per common share:
Basic	$	0.08	$	0.64		$	3.84	$	0.65
Diluted	$	0.08	$	0.63		$	3.79	$	0.65
Anti-dilutive potential common shares excluded	5		1			4		7

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 dilutive outstanding employee stock options, RSUs and PSUs, and rights to purchase shares of common stock under the Company’s ESPP.

Segment Information - Additional Information (Details)	3 Months Ended		9 Months Ended
Segment Information - Additional Information (Details)	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Revenue from Contract with Customer \| Customer Concentration Risk \| Top Ten Customers
Concentration Risk [Line Items]
Concentration risk, percentage	44.00%	42.00%	43.00%	40.00%

Pensions and Other Post-Retirement Benefit Plans - Unfunded Amounts Recognized on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Retirement Benefits [Abstract]
Current liabilities	$ 1	$ 1
Non-current liabilities	128	131
Net amount recognized	$ 129	$ 132

Net Income Per Common Share (Tables)

9 Months Ended

Apr. 01, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted income per common share:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021			April 1, 2022		April 2, 2021
	(in millions, except per share data)
Net income	$	25	$	197		$	1,199	$	199
Weighted average shares outstanding:
Basic	313		306			312		305
Employee stock options, RSUs, PSUs and ESPP	3		7			4		3
Basic and diluted	316		313			316		308
Income per common share:
Basic	$	0.08	$	0.64		$	3.84	$	0.65
Diluted	$	0.08	$	0.63		$	3.79	$	0.65
Anti-dilutive potential common shares excluded	5		1			4		7

Supplemental Financial Statement Data - Inventory (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Inventories:
Raw materials and component parts	$ 1,662	$ 1,623
Work-in-process	1,028	1,088
Finished goods	971	905
Total inventories	$ 3,661	$ 3,616

Derivatives Instruments and Hedging Activities	9 Months Ended
Derivatives Instruments and Hedging Activities	Apr. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities As of April 1, 2022, the Company had outstanding foreign exchange forward contracts that were designated as either cash flow hedges or non-designated hedges. Substantially all of the contract maturity dates of these foreign exchange forward contracts do not exceed 12 months. In addition, the Company had outstanding pay-fixed interest rate swaps that were designated as cash flow hedges of variable rate interest payments through February 2023, on a portion of its term loans. Changes in fair values of the non-designated foreign exchange contracts are recognized in Other income, net and are largely offset by corresponding changes in the fair values of the foreign currency denominated monetary assets and liabilities. For each of the three and nine months ended April 1, 2022 and April 2, 2021, total net realized and unrealized transaction and foreign exchange contract currency gains and losses were not material to the Company’s Condensed Consolidated Financial Statements. Unrealized gains or losses on designated cash flow hedges are recognized in AOCI. For more information regarding cash flow hedges, see Part I, Item 1, Note 5. Supplemental Information - Accumulated other comprehensive income (loss), of the Notes to the Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q. Netting Arrangements Under certain provisions and conditions within agreements with counterparties to the Company’s foreign exchange forward contracts, subject to applicable requirements, the Company has the right of offset associated with the Company’s foreign exchange forward contracts and is allowed to net settle transactions of the same currency with a single net amount payable by one party to the other. As of April 1, 2022 and July 2, 2021, the effect of rights of offset was not material and the Company did not offset or net the fair value amounts of derivative instruments in its Condensed Consolidated Balance Sheets.

Related Parties and Related Commitments and Contingencies

9 Months Ended

Apr. 01, 2022

Commitments and Contingencies Disclosure [Abstract]

Flash Ventures

The Company’s business ventures with Kioxia Corporation (“Kioxia”) consist of three separate legal entities: Flash Partners Ltd. (“Flash Partners”), Flash Alliance Ltd. (“Flash Alliance”), and Flash Forward Ltd. (“Flash Forward”), collectively referred to as “Flash Ventures”.

The following table presents the notes receivable from, and equity investments in, Flash Ventures as of April 1, 2022 and July 2, 2021:


	April 1, 2022		July 2, 2021
	(in millions)
Notes receivable, Flash Partners	$	51	$	191
Notes receivable, Flash Alliance	130		213
Notes receivable, Flash Forward	666		561
Investment in Flash Partners	182		199
Investment in Flash Alliance	266		293
Investment in Flash Forward	122		129
Total notes receivable and investments in Flash Ventures	$	1,417	$	1,586

During the three and nine months ended April 1, 2022 and during the three and nine months ended April 2, 2021, the Company made net payments to Flash Ventures of $1.1 billion and $3.4 billion, and $1.1 billion and $3.3 billion, respectively, for purchased flash-based memory wafers and net loans.

The Company makes, or will make, loans to Flash Ventures to fund equipment investments for new process technologies and additional wafer capacity. The Company aggregates its Flash Ventures’ notes receivable into one class of financing receivables due to the similar ownership interest and common structure in each Flash Venture entity. For all reporting periods presented, no loans were past due and no loan impairments were recorded. The Company’s notes receivable from each Flash Ventures entity, denominated in Japanese yen, are secured by equipment owned by that Flash Ventures entity.

As of April 1, 2022 and July 2, 2021, the Company had Accounts payable balances due to Flash Ventures of $396 million and $398 million, respectively.

The Company’s maximum reasonably estimable loss exposure (excluding lost profits) as a result of its involvement with Flash Ventures, based upon the Japanese yen to U.S. dollar exchange rate at April 1, 2022, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum estimable loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.


	April 1, 2022
	(in millions)
Notes receivable	$	847
Equity investments	570
Operating lease guarantees	1,897
Inventory and prepayments	983
Maximum estimable loss exposure	$	4,297

The Company is obligated to pay for variable costs incurred in producing its share of Flash Ventures’ flash-based memory wafer supply, based on its three-month forecast, which generally equals 50% of Flash Ventures’ output. In addition, the Company is obligated to pay for half of Flash Ventures’ fixed costs regardless of the output the Company chooses to purchase. The Company is not able to estimate its total wafer purchase commitment obligation beyond its rolling three-month purchase commitment because the price is determined by reference to the future cost of producing the semiconductor wafers. In addition, the Company is committed to fund 49.9% to 50.0% of each Flash Ventures entity’s capital investments to the extent that each Flash Ventures entity’s operating cash flow is insufficient to fund these investments.

In January 2022, the Company entered into additional agreements regarding Flash Ventures’ investment in a new wafer fabrication facility currently under construction in Yokkaichi, Japan, referred to as “Y7”. The primary purpose of Y7 is to provide clean room space to continue the transition of existing flash-based wafer capacity to newer flash technology nodes. The Company is committed to pay, among other items, future building depreciation prepayments of $482 million as follows: $142 million in fiscal year 2022, $314 million in fiscal year 2023 and $26 million in fiscal year 2024, to be credited against future wafer charges.

In June 2019, an unexpected power outage incident occurred at the flash-based memory manufacturing facilities operated in Yokkaichi, Japan. The power outage incident impacted the facilities and process tools and resulted in damage to flash wafers in production and a reduction in the Company’s flash wafer availability. During the three and nine months ended April 1, 2022, the Company recovered $7 million related to this incident from insurance carriers. During the three and nine months ended April 2, 2021, the Company recovered $45 million and $75 million, respectively, related to this incident from insurance carriers. Recoveries related to the incident were recorded in Cost of revenue.

In February 2022, contamination of certain material used in manufacturing processes occurred at both the Yokkaichi and Kitakami, Japan fabrication facilities, resulting in damage to inventory units in production, a temporary disruption to production operations and a reduction in the Company’s flash wafer availability. During the three and nine months ended April 1, 2022, the Company incurred charges of $203 million related to this contamination incident that were recorded in Cost of revenue, which primarily consisted of scrapped inventory and rework costs, decontamination and other costs needed to restore the facilities to normal capacity, and under absorption of overhead costs. The Company is evaluating potential options for recovery.

Inventory Purchase Commitments with Flash Ventures. Purchase orders placed under Flash Ventures for up to three months are binding and cannot be canceled.

Research and Development Activities. The Company participates in common research and development (“R&D”) activities with Kioxia and is contractually committed to a minimum funding level. R&D commitments are immaterial to the Condensed Consolidated Financial Statements.

Off-Balance Sheet Liabilities

Flash Ventures sells to and leases back from a consortium of financial institutions a portion of its tools and has entered into equipment lease agreements of which the Company guarantees half or all of the outstanding obligations under each lease agreement. The lease agreements are subject to customary covenants and cancellation events related to Flash Ventures and each of the guarantors. The occurrence of a cancellation event could result in an acceleration of Flash Ventures’ obligations and a call on the Company’s guarantees.

The following table presents the Company’s portion of the remaining guarantee obligations under the Flash Ventures’ lease facilities in both Japanese yen and U.S. dollar-equivalent, based upon the Japanese yen to U.S. dollar exchange rate as of April 1, 2022.


	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	223	$	1,897

The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the Flash Ventures lease agreements, in annual installments as of April 1, 2022 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of April 1, 2022:


Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Remaining three months of 2022	$	150	$	—	$	150
2023	516		59		575
2024	369		106		475
2025	181		97		278
2026	153		146		299
Thereafter	27		93		120
Total guarantee obligations	$	1,396	$	501	$	1,897

The Company and Kioxia have agreed to mutually contribute to, and indemnify each other and Flash Ventures for, environmental remediation costs or liability resulting from Flash Ventures’ manufacturing operations in certain circumstances. The Company has not made any indemnification payments, nor recorded any indemnification receivables, under any such agreements. As of April 1, 2022, no amounts have been accrued in the Condensed Consolidated Financial Statements with respect to these indemnification agreements.

Unis Venture

The Company has a joint venture with Unisplendour Corporation Limited and Unissoft (Wuxi) Group Co. Ltd. (“Unis”), referred to as the “Unis Venture”, to market and sell the Company’s products in China and to develop data storage systems for the Chinese market in the future. The Unis Venture is 49% owned by the Company and 51% owned by Unis. The Company accounts for its investment in the Unis Venture under the equity method of accounting. Revenue on products distributed by the Unis Venture is recognized upon sell through to third-party customers. For both the three and nine months ended April 1, 2022, the Company recognized approximately 5% of its consolidated revenue on products distributed by the Unis Venture. For both the three and nine months ended April 2, 2021, the Company recognized approximately 3% of its consolidated revenue on products distributed by the Unis Venture. The outstanding accounts receivable due from the Unis Venture were 6% and 5% of Accounts receivable, net for April 1, 2022 and July 2, 2021, respectively.

Pensions and Other Post-Retirement Benefit Plans

9 Months Ended

Apr. 01, 2022

Retirement Benefits [Abstract]

Pensions and Other Post-Retirement Benefit Plans

Pension and Other Post-Retirement Benefit Plans

The Company has pension and other post-retirement benefit plans in various countries. The Company’s principal pension plans are in Japan, Thailand and the Philippines. All pension and other post-retirement benefit plans outside of the Company’s Japan, Thailand and Philippines defined benefit pension plans (the “Pension Plans”) are immaterial to the Condensed Consolidated Financial Statements. The expected long-term rate of return on the Pension Plans assets is 2.5%.

Obligations and Funded Status

The following table presents the unfunded status of the benefit obligations for the Pension Plans:


	April 1, 2022		July 2, 2021
	(in millions)











Benefit obligation at end of period	$	339	$	359









Fair value of plan assets at end of period	210		227
Unfunded status	$	129	$	132

The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets:


	April 1, 2022		July 2, 2021
	(in millions)
Current liabilities	$	1	$	1
Non-current liabilities	128		131
Net amount recognized	$	129	$	132

Net periodic benefit costs were not material for the three and nine months ended April 1, 2022.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Shareholders' Equity - Share Repurchase Program (Details)	Apr. 01, 2022 USD ($)
Stock Repurchase Program Effective Until July 25, 2023
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized to be repurchased	$ 5,000,000,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase, amount	$ 4,500,000,000

Employee Termination, Asset Impairment and Other Charges - Business Realignment Activities (Details) - Employee Termination Benefits - Business Realignment $ in Millions	9 Months Ended
	Apr. 01, 2022 USD ($)
Restructuring Reserve [Roll Forward]
Accrual balance at July 2, 2021	$ 2
Charges	22
Cash payments	(20)
Accrual balance at April 1, 2022	$ 4

Income Tax Expense (Tables)

9 Months Ended

Apr. 01, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table presents the Company’s Income tax expense and the effective tax rate:


	Three Months Ended						Nine Months Ended
	April 1, 2022			April 2, 2021			April 1, 2022			April 2, 2021
	($ in millions)
Income before taxes	$	262		$	249		$	1,612		$	331
Income tax expense	237			52			413			132
Effective tax rate	90		%	21		%	26		%	40		%

Schedule of Income Tax Contingencies

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties for the nine months ended April 1, 2022 (in millions):


Accrual balance at July 2, 2021	$	748
Gross increases related to current year tax positions	7
Gross increases related to prior year tax positions	216
Gross decreases related to prior year tax positions	(57)
Settlements	(2)
Lapse of statute of limitations	(5)
Accrual balance at April 1, 2022	$	907

Segment Reporting (Tables)

9 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table summarizes the operating performance of the Company’s reportable segments:


	Three Months Ended						Nine Months Ended
	April 1, 2022			April 2, 2021			April 1, 2022			April 2, 2021

Net revenue:
Flash	$	2,243		$	2,175		$	7,353		$	6,287
HDD	2,138			1,962			6,912			5,715
Total net revenue	$	4,381		$	4,137		$	14,265		$	12,002
Gross profit:
Flash	$	798		$	653		$	2,665		$	1,752
HDD	592			491			2,061			1,462
Total gross profit for segments	1,390			1,144			4,726			3,214
Unallocated corporate items:
Contamination related charges	(203)			—			(203)			—
Stock-based compensation expense	(13)			(14)			(36)			(41)
Amortization of acquired intangible assets	—			(39)			(65)			(293)

Recoveries from a power outage incident	7			—			7			75

Total unallocated corporate items	(209)			(53)			(297)			(259)
Consolidated gross profit	$	1,181		$	1,091		$	4,429		$	2,955
Gross margin:
Flash	35.6		%	30.0		%	36.2		%	27.9		%
HDD	27.7		%	25.0		%	29.8		%	25.6		%
Consolidated gross margin	27.0		%	26.4		%	31.0		%	24.6		%

Schedule of Disaggregation of Revenue

The Company’s disaggregated revenue information is as follows:



	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)





Revenue by End Market
Cloud	$	1,774	$	1,423	$	5,919	$	3,728
Client	1,732		1,767		5,439		5,386
Consumer	875		947		2,907		2,888
Total Revenue	$	4,381	$	4,137	$	14,265	$	12,002

Revenue by Geography
Asia	$	2,400	$	2,215	$	7,685	$	6,702
Americas	1,377		1,009		4,398		3,033
Europe, Middle East and Africa	604		913		2,182		2,267
Total Revenue	$	4,381	$	4,137	$	14,265	$	12,002

Schedule of Goodwill

The following table provides a summary of goodwill activity for the period:


	Flash		HDD		Total
	(in millions)



















Balance at July 3, 2021	$	5,738	$	4,328	$	10,066


Foreign currency translation adjustment	(3)		(2)		(5)
Balance at April 1, 2022	$	5,735	$	4,326	$	10,061

Related Parties and Related Commitments and Contingencies - Additional Information (Details)	3 Months Ended				6 Months Ended		9 Months Ended
	Apr. 01, 2022 USD ($) entity	Dec. 31, 2021 USD ($)	Apr. 02, 2021 USD ($)	Jan. 01, 2021 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2021 USD ($)	Apr. 01, 2022 USD ($) entity	Apr. 02, 2021 USD ($)	Jul. 02, 2021 USD ($)
Guarantor Obligations [Line Items]
Number of legal entities \| entity	3						3
Accounts payable to related parties	$ 396,000,000						$ 396,000,000		$ 398,000,000
Investment funding commitments, percentage	50.00%						50.00%
Depreciation prepayments	$ 482,000,000						$ 482,000,000
2022	142,000,000						142,000,000
2023	314,000,000						314,000,000
2024	26,000,000						26,000,000
Insurance recovery recorded in cost of revenue		$ 7,000,000		$ 45,000,000	$ 7,000,000	$ 75,000,000
Costs incurred with unexpected power outage incident	$ 203,000,000						$ 203,000,000
Unis Venture
Guarantor Obligations [Line Items]
Equity method investment, ownership percentage	49.00%						49.00%
Revenue from Contract with Customer \| Unis Venture \| Product Concentration Risk
Guarantor Obligations [Line Items]
Concentration risk, percentage	5.00%		3.00%				5.00%	3.00%
Accounts Receivable Benchmark \| Product Concentration Risk \| Unis Venture
Guarantor Obligations [Line Items]
Concentration risk, percentage							6.00%	5.00%
Unissoft (Wuxi) Group Co Ltd. \| Unis Venture
Guarantor Obligations [Line Items]
Partner's ownership in venture business	51.00%						51.00%
Western Digital Corp \| Minimum
Guarantor Obligations [Line Items]
Investment funding commitments, percentage	49.90%						49.90%
Western Digital Corp \| Maximum
Guarantor Obligations [Line Items]
Investment funding commitments, percentage	50.00%						50.00%
Flash Ventures
Guarantor Obligations [Line Items]
Investments in flash ventures	$ 1,100,000,000		$ 1,100,000,000				$ 3,400,000,000	$ 3,300,000,000
Accounts payable to related parties	$ 396,000,000						$ 396,000,000		$ 398,000,000

Shareholders' Equity - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 86	$ 83	$ 249	$ 239
Tax benefit	(9)	(11)	(37)	(35)
Total	77	72	212	204
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	13	14	36	41
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	43	41	126	120
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	30	28	87	78
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	75	73	220	212
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 11	$ 10	$ 29	$ 27

Leases and Other Commitments (Tables)

9 Months Ended

Apr. 01, 2022

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of April 1, 2022:


	Lease Amounts
Minimum lease payments by fiscal year:	($ in millions)
Remaining three months of 2022	$	14
2023	48
2024	48
2025	44
2026	44
Thereafter	188
Total future minimum lease payments	386
Less: Imputed Interest	55
Present value of lease liabilities	331
Less: Current portion (included in Accrued expenses)	41
Long-term operating lease liabilities (included in Other liabilities)	$	290

Operating lease right-of-use assets (included in Other non-current assets)	$	313

Weighted average remaining lease term in years	8.4
Weighted average discount rate	3.4		%

schedule of Supplemental Cash Flow Disclosures

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Cost of operating leases	$	15	$	12	$	42	$	37
Cash paid for operating leases	13		12		37		38
Operating lease assets obtained in exchange for operating lease liabilities	9		1		132		28

Schedule of Long-term Purchase Agreements

As of April 1, 2022, the Company had the following minimum long-term commitments:


	Long-term commitments
	(in millions)
Fiscal year:
Remaining three months of 2022	$	162
2023	560
2024	309
2025	148
2026	20
Thereafter	170
Total	$	1,369

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Current assets:
Cash and cash equivalents	$ 2,505	$ 3,370
Accounts receivable, net	2,353	2,257
Inventories	3,661	3,616
Other current assets	659	514
Total current assets	9,178	9,757
Non-current assets:
Property, plant and equipment, net	3,488	3,188
Notes receivable and investments in Flash Ventures	1,417	1,586
Goodwill	10,061	10,066
Other intangible assets, net	252	442
Other non-current assets	1,303	1,093
Total assets	25,699	26,132
Current liabilities:
Accounts payable	1,836	1,934
Accounts payable to related parties	396	398
Accrued expenses	1,605	1,653
Accrued compensation	485	634
Current portion of long-term debt	75	251
Total current liabilities	4,397	4,870
Non-current liabilities:
Long-term debt	7,087	8,474
Other liabilities	2,231	2,067
Total liabilities	13,715	15,411
Commitments and contingencies (Notes 10, 11, 13 and 16)
Shareholders’ equity:
Preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — none	0	0
Common stock, $0.01 par value; authorized — 450 shares; issued — 313 shares and 312 shares, respectively; outstanding — 313 shares and 308 shares, respectively	3	3
Additional paid-in capital	3,600	3,608
Accumulated other comprehensive loss	(357)	(197)
Retained earnings	8,738	7,539
Treasury stock — common shares at cost; 0 shares and 4 shares, respectively	0	(232)
Total shareholders’ equity	11,984	10,721
Total liabilities and shareholders’ equity	$ 25,699	$ 26,132

Leases and Other Commitments - Supplemental Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Leases [Abstract]
Cost of operating leases	$ 15	$ 12	$ 42	$ 37
Cash paid for operating leases	13	12	37	38
Operating lease assets obtained in exchange for operating lease liabilities	$ 9	$ 1	$ 132	$ 28

Supplemental Financial Statement Data - Other Liabilities (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Other liabilities:
Non-current net tax payable	$ 547	$ 684
Payables related to unrecognized tax benefits	996	750
Other non-current liabilities	688	633
Total other liabilities	$ 2,231	$ 2,067

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 25	$ 197	$ 1,199	$ 199
Other comprehensive loss, before tax:
Actuarial pension gain	1	2	2	4
Foreign currency translation adjustment	(82)	(95)	(123)	(29)
Net unrealized loss on derivative contracts and available-for-sale securities	(74)	(84)	(51)	(34)
Total other comprehensive loss, before tax	(155)	(177)	(172)	(59)
Income tax benefit related to items of other comprehensive loss, before tax	15	17	12	6
Other comprehensive loss, net of tax	(140)	(160)	(160)	(53)
Total comprehensive income (loss)	$ (115)	$ 37	$ 1,039	$ 146

Organization and Basis of Presentation (Policies)	9 Months Ended
Organization and Basis of Presentation (Policies)	Apr. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Western Digital Corporation (“Western Digital” or the “Company”) is a leading developer, manufacturer, and provider of data storage devices and solutions that address the evolving needs of the information technology (“IT”) industry and the infrastructure that enables the proliferation of data in virtually every other industry. The Company creates environments for data to thrive. The Company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, the Company’s industry-leading solutions deliver the possibilities of data. The accounting policies followed by the Company are set forth in Part II, Item 8, Note 1, Organization and Basis of Presentation, of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10‑K for the fiscal year ended July 2, 2021. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. All such adjustments are of a normal, recurring nature. Certain information and footnote disclosures normally included in the Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10‑K for the fiscal year ended July 2, 2021. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year.
Fiscal Year	Fiscal YearThe Company’s fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, the Company reports a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal years 2022, which ends on July 1, 2022, and 2021, which ended on July 2, 2021, are each comprised of 52 weeks, with all quarters presented consisting of 13 weeks.
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 with consideration given to the potential impacts of the ongoing COVID-19 pandemic. However, actual results could differ materially from these estimates and be significantly affected by the severity and duration of the COVID-19 pandemic, the extent of actions to contain or treat COVID-19, the timing, distribution, efficacy and public acceptance of vaccines around the world, additional surges of COVID-19, including the emergence of more contagious or vaccine-resistant variants, and how quickly and to what extent normal economic and operating activities can resume.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). ASU 2019-12 removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The Company adopted this ASU on July 3, 2021, which is the beginning of fiscal 2022, and its adoption did not have a material impact on the Company’s Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock and results in fewer instruments with embedded conversion features being separately recognized from the host contract as compared with current standards. Those instruments that do not have a separately recognized embedded conversion feature will no longer recognize a debt issuance discount related to such a conversion feature and would recognize less interest expense on a periodic basis. Additionally, the ASU amends the calculation of the share dilution impact related to a conversion feature and eliminates the treasury method as an option. For instruments that do not have a component mandatorily settled in cash, the change will likely result in a higher amount of share dilution in the calculation of earnings per share. The Company expects to adopt this ASU in the first quarter of fiscal 2023, and is currently assessing the impact of adoption. In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance” (“ASU 2021-10”). ASU 2021-10 increases the transparency of government assistance received by requiring most business entities to disclose information about government assistance received, including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This ASU is effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2021, which for the Company is the first quarter of fiscal 2023. Early adoption is permitted. The Company is currently assessing the impact and timing of adoption of this ASU.
Fair Value Measurements and Investments	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.

Supplemental Financial Statement Data (Tables)

9 Months Ended

Apr. 01, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventories

Inventories


	April 1, 2022		July 2, 2021
	(in millions)
Inventories:
Raw materials and component parts	$	1,662	$	1,623
Work-in-process	1,028		1,088
Finished goods	971		905
Total inventories	$	3,661	$	3,616

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net


	April 1, 2022		July 2, 2021
	(in millions)
Property, plant and equipment:
Land	$	272	$	278
Buildings and improvements	1,898		1,854
Machinery and equipment	8,438		7,860
Computer equipment and software	479		440
Furniture and fixtures	54		51
Construction-in-process	566		476
Property, plant and equipment, gross	11,707		10,959
Accumulated depreciation	(8,219)		(7,771)
Property, plant and equipment, net	$	3,488	$	3,188

Schedule of Intangible Assets

Intangible assets


	April 1, 2022		July 2, 2021
	(in millions)
Finite-lived intangible assets	$	5,495	$	5,508
In-process research and development	80		80
Accumulated amortization	(5,323)		(5,146)
Intangible assets, net	$	252	$	442

Schedule of Product Warranty Liability

Product warranty liability

Changes in the warranty accrual were as follows:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Warranty accrual, beginning of period	$	351	$	366	$	363	$	408

Charges to operations	35		27		111		86
Utilization	(20)		(27)		(71)		(82)
Changes in estimate related to pre-existing warranties	(11)		(9)		(48)		(55)
Warranty accrual, end of period	$	355	$	357	$	355	$	357

The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:


	April 1, 2022		July 2, 2021
	(in millions)
Warranty accrual:
Current portion (included in Accrued expenses)	$	167	$	175
Long-term portion (included in Other liabilities)	188		188
Total warranty accrual	$	355	$	363

Schedule of Other Liabilities

Other liabilities


	April 1, 2022		July 2, 2021
	(in millions)
Other liabilities:
Non-current net tax payable	$	547	$	684
Payables related to unrecognized tax benefits	996		750
Other non-current liabilities	688		633
Total other liabilities	$	2,231	$	2,067

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table illustrates the changes in the balances of each component of AOCI:


	Actuarial Pension Gains (Losses)		Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivative Contracts		Total Accumulated Comprehensive Income (Loss)
	(in millions)















Balance at July 2, 2021	$	(35)	$	(38)	$	(124)	$	(197)
Other comprehensive income (loss) before reclassifications	2		(123)		(172)		(293)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		121		121
Income tax benefit related to items of other comprehensive income (loss)	—		—		12		12
Net current-period other comprehensive income (loss)	2		(123)		(39)		(160)
Balance at April 1, 2022	$	(33)	$	(161)	$	(163)	$	(357)

Supplemental Financial Statement Data

9 Months Ended

Apr. 01, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Statement Data

Accounts receivable, net

From time to time, in connection with factoring agreements, the Company sells trade accounts receivable without recourse to third party purchasers in exchange for cash. During the nine months ended April 1, 2022 and April 2, 2021, the Company sold trade accounts receivable and received cash proceeds of $100 million and $233 million, respectively. The discounts on the trade accounts receivable sold were not material and were recorded within Other income, net in the Condensed Consolidated Statements of Operations. As of April 1, 2022 and July 2, 2021, the amount of factored receivables that remained outstanding was $100 million and $0, respectively.

Inventories


	April 1, 2022		July 2, 2021
	(in millions)
Inventories:
Raw materials and component parts	$	1,662	$	1,623
Work-in-process	1,028		1,088
Finished goods	971		905
Total inventories	$	3,661	$	3,616

Property, plant and equipment, net


	April 1, 2022		July 2, 2021
	(in millions)
Property, plant and equipment:
Land	$	272	$	278
Buildings and improvements	1,898		1,854
Machinery and equipment	8,438		7,860
Computer equipment and software	479		440
Furniture and fixtures	54		51
Construction-in-process	566		476
Property, plant and equipment, gross	11,707		10,959
Accumulated depreciation	(8,219)		(7,771)
Property, plant and equipment, net	$	3,488	$	3,188

Intangible assets


	April 1, 2022		July 2, 2021
	(in millions)
Finite-lived intangible assets	$	5,495	$	5,508
In-process research and development	80		80
Accumulated amortization	(5,323)		(5,146)
Intangible assets, net	$	252	$	442

As part of prior acquisitions, the Company recorded at the time of the acquisition acquired in-process research and development (“IPR&D”) for projects in progress that had not yet reached technological feasibility. IPR&D is initially accounted for as an indefinite-lived intangible asset. Once a project reaches technological feasibility, the Company reclassifies the balance to existing technology and begins to amortize the intangible asset over its estimated useful life.

Product warranty liability

Changes in the warranty accrual were as follows:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Warranty accrual, beginning of period	$	351	$	366	$	363	$	408

Charges to operations	35		27		111		86
Utilization	(20)		(27)		(71)		(82)
Changes in estimate related to pre-existing warranties	(11)		(9)		(48)		(55)
Warranty accrual, end of period	$	355	$	357	$	355	$	357

The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:


	April 1, 2022		July 2, 2021
	(in millions)
Warranty accrual:
Current portion (included in Accrued expenses)	$	167	$	175
Long-term portion (included in Other liabilities)	188		188
Total warranty accrual	$	355	$	363

Other liabilities


	April 1, 2022		July 2, 2021
	(in millions)
Other liabilities:
Non-current net tax payable	$	547	$	684
Payables related to unrecognized tax benefits	996		750
Other non-current liabilities	688		633
Total other liabilities	$	2,231	$	2,067

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) (“AOCI”), net of tax refers to expenses, gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income. The following table illustrates the changes in the balances of each component of AOCI:


	Actuarial Pension Gains (Losses)		Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivative Contracts		Total Accumulated Comprehensive Income (Loss)
	(in millions)















Balance at July 2, 2021	$	(35)	$	(38)	$	(124)	$	(197)
Other comprehensive income (loss) before reclassifications	2		(123)		(172)		(293)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		121		121
Income tax benefit related to items of other comprehensive income (loss)	—		—		12		12
Net current-period other comprehensive income (loss)	2		(123)		(39)		(160)
Balance at April 1, 2022	$	(33)	$	(161)	$	(163)	$	(357)

During the three and nine months ended April 1, 2022, the amounts reclassified out of AOCI were losses related to foreign exchange contracts and interest rate swap contracts. Losses reclassified out of AOCI related to foreign exchange contracts were $14 million and $83 million, for the three and nine months ended April 1, 2022, respectively, and were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations. Losses reclassified out of AOCI related to interest rate swap contracts were $13 million and $38 million, for the three and nine months ended April 1, 2022, respectively, and were charged to Interest expense in the Condensed Consolidated Statements of Operations.

As of April 1, 2022, substantially all of existing net losses related to cash flow hedges recorded in AOCI are expected to be reclassified to earnings within the next twelve months. In addition, as of April 1, 2022, the Company did not have any foreign exchange forward contracts with credit-risk-related contingent features.

Supplemental Financial Statement Data - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Property, plant and equipment:
Property, plant and equipment, gross	$ 11,707	$ 10,959
Accumulated depreciation	(8,219)	(7,771)
Property, plant and equipment, net	3,488	3,188
Land
Property, plant and equipment:
Property, plant and equipment, gross	272	278
Buildings and improvements
Property, plant and equipment:
Property, plant and equipment, gross	1,898	1,854
Machinery and equipment
Property, plant and equipment:
Property, plant and equipment, gross	8,438	7,860
Computer equipment and software
Property, plant and equipment:
Property, plant and equipment, gross	479	440
Furniture and fixtures
Property, plant and equipment:
Property, plant and equipment, gross	54	51
Construction-in-process
Property, plant and equipment:
Property, plant and equipment, gross	$ 566	$ 476

Cover Page - shares	9 Months Ended
Cover Page - shares	Apr. 01, 2022	Apr. 27, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 01, 2022
Document Transition Report	false
Entity File Number	1-8703
Entity Registrant Name	WESTERN DIGITAL CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0956711
Entity Address, Address Line One	5601 Great Oaks Parkway
Entity Address, City or Town	San Jose,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95119
City Area Code	408
Local Phone Number	717-6000
Title of 12(b) Security	Common Stock, $0.01 Par Value Per Share
Trading Symbol	WDC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		313,167,818
Entity Central Index Key	0000106040
Current Fiscal Year End Date	--07-01
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Leases and Other Commitments - Supplemental Balance Sheet (Details) $ in Millions	Apr. 01, 2022 USD ($)
Minimum lease payments by fiscal year:
Remaining three months of 2022	$ 14
2023	48
2024	48
2025	44
2026	44
Thereafter	188
Total future minimum lease payments	386
Less: Imputed Interest	55
Present value of lease liabilities	331
Less: Current portion (included in Accrued expenses)	41
Long-term operating lease liabilities (included in Other liabilities)	290
Operating lease right-of-use assets (included in Other non-current assets)	$ 313
Weighted average remaining lease term in years	8 years 4 months 24 days
Weighted average discount rate	3.40%

Related Parties and Related Commitments and Contingencies (Tables)

9 Months Ended

Apr. 01, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Notes Receivable and Investments in Related Parties

The following table presents the notes receivable from, and equity investments in, Flash Ventures as of April 1, 2022 and July 2, 2021:


	April 1, 2022		July 2, 2021
	(in millions)
Notes receivable, Flash Partners	$	51	$	191
Notes receivable, Flash Alliance	130		213
Notes receivable, Flash Forward	666		561
Investment in Flash Partners	182		199
Investment in Flash Alliance	266		293
Investment in Flash Forward	122		129
Total notes receivable and investments in Flash Ventures	$	1,417	$	1,586

Schedule of Variable Interest Entity Maximum Loss Exposure


	April 1, 2022
	(in millions)
Notes receivable	$	847
Equity investments	570
Operating lease guarantees	1,897
Inventory and prepayments	983
Maximum estimable loss exposure	$	4,297

Schedule of Guarantor Obligations


	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	223	$	1,897

Schedule of Remaining Guarantee Obligations


Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Remaining three months of 2022	$	150	$	—	$	150
2023	516		59		575
2024	369		106		475
2025	181		97		278
2026	153		146		299
Thereafter	27		93		120
Total guarantee obligations	$	1,396	$	501	$	1,897

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Apr. 01, 2022	Dec. 31, 2021	Jul. 02, 2021
Debt Instrument [Line Items]
Debt	$ 7,250		$ 8,825
Issuance costs and debt discounts	(88)		(100)
Subtotal	7,162		8,725
Less current portion of long-term debt	(75)		(251)
Long-term debt	7,087		8,474
Variable interest rate Term Loan A-1 maturing 2023
Debt Instrument [Line Items]
Debt	0	$ 3,000	4,332
Variable interest rate Term Loan B-4 maturing 2023
Debt Instrument [Line Items]
Debt	$ 0		$ 1,093
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	4.75%		4.75%
Debt	$ 2,300		$ 2,300
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Debt	2,850		$ 0
Issuance costs and debt discounts	$ (7)
2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%		2.85%
Debt	$ 500		$ 0
3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%		3.10%
Debt	$ 500		$ 0
Convertible Debt \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	1.50%		1.50%
Debt	$ 1,100		$ 1,100

Income Tax Expense - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021	Jul. 02, 2021
Income Tax Disclosure [Line Items]
Increase to unrecognized tax benefits as a result of ongoing discussions with various taxing authorities	$ 194	$ 35	$ 219	$ 35
Unrecognized Tax Benefits, Increase Resulting From Business Realignment Activities		$ 22		22
Net tax deficiencies				11
Additional tax expense from re-measurement of deferred tax liabilities				$ 10
Federal tax related to adjustments for transfer pricing			1,600
Increase in unrecognized tax benefits, including interest			224
Unrecognized tax benefits	907		907		$ 748
Penalties and interest accrued on unrecognized tax benefits	231		231
Potential payables related to unrecognized tax benefits	996		996
Mandatory deemed repatriation tax obligations	100		100
Minimum
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	80		80
Penalties and interest accrued on unrecognized tax benefits	600		600
Maximum
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	100		100
Penalties and interest accrued on unrecognized tax benefits	$ 700		700
Tax Years 2008 Through 2015
Income Tax Disclosure [Line Items]
Federal tax related to adjustments for transfer pricing			$ 449

Shareholders' Equity

9 Months Ended

Apr. 01, 2022

Share-based Payment Arrangement [Abstract]

Shareholders' Equity

Shareholders’ Equity

Stock-based Compensation Expense

The following tables present the Company’s stock-based compensation for equity-settled awards by type (i.e., restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”), and rights to purchase shares of common stock under the Company’s Employee Stock Purchase Plan (“ESPP”)) and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)

RSUs and PSUs	$	75	$	73	$	220	$	212
ESPP	11		10		29		27
Total	$	86	$	83	$	249	$	239


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Cost of revenue	$	13	$	14	$	36	$	41
Research and development	43		41		126		120
Selling, general and administrative	30		28		87		78

Subtotal	86		83		249		239
Tax benefit	(9)		(11)		(37)		(35)
Total	$	77	$	72	$	212	$	204

Windfall tax benefits and tax deficiencies for shortfalls related to the vesting and exercise of stock-based awards, which are recognized as a component of the Company’s Income tax expense, were not material for the periods presented.

Compensation cost related to unvested RSUs, PSUs, and rights to purchase shares of common stock under the ESPP will generally be amortized on a straight-line basis over the remaining average service period. The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of April 1, 2022:


	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)

RSUs and PSUs (1)	$	589	2.3
ESPP	70		1.5
Total unamortized compensation cost	$	659

(1) Weighted average service period assumes the performance metrics are met for the PSUs.

Plan Activities

Stock Options

The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at April 1, 2022:


	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in millions)			(in years)	(in millions)




















Options outstanding at July 2, 2021	1.5	$	72.84	1.2	$	15


Exercised	(0.2)	43.52			3
Canceled or expired	(0.4)	98.24
Options outstanding at April 1, 2022	0.9	65.97		0.77	2

RSUs and PSUs

The following table summarizes RSU and PSU activity under the Company’s incentive plans:


	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)			(in millions)




















RSUs and PSUs outstanding at July 2, 2021	16.1	$	50.12
Granted	5.5	62.53

Vested	(4.9)	53.93		$	301
Forfeited	(1.7)	51.77
RSUs and PSUs outstanding at April 1, 2022	15.0	53.33

RSUs and PSUs are generally settled in an equal number of shares of the Company’s common stock at the time of vesting of the units.

Stock Repurchase Program

The Company’s Board of Directors has authorized a stock repurchase program for the repurchase of up to $5.0 billion of the Company’s common stock, which authorization is effective through July 25, 2023. The Company did not make any stock repurchases during the nine months ended April 1, 2022 and has not repurchased any shares of its common stock pursuant to its stock repurchase program since the first quarter of fiscal 2019. The remaining amount available to be repurchased under the Company’s current stock repurchase program as of April 1, 2022 was $4.5 billion. Repurchases under the stock repurchase program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan. The Company expects stock repurchases to be funded principally by operating cash flows.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Apr. 01, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). ASU 2019-12 removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The Company adopted this ASU on July 3, 2021, which is the beginning of fiscal 2022, and its adoption did not have a material impact on the Company’s Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock and results in fewer instruments with embedded conversion features being separately recognized from the host contract as compared with current standards. Those instruments that do not have a separately recognized embedded conversion feature will no longer recognize a debt issuance discount related to such a conversion feature and would recognize less interest expense on a periodic basis. Additionally, the ASU amends the calculation of the share dilution impact related to a conversion feature and eliminates the treasury method as an option. For instruments that do not have a component mandatorily settled in cash, the change will likely result in a higher amount of share dilution in the calculation of earnings per share. The Company expects to adopt this ASU in the first quarter of fiscal 2023, and is currently assessing the impact of adoption. In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance” (“ASU 2021-10”). ASU 2021-10 increases the transparency of government assistance received by requiring most business entities to disclose information about government assistance received, including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This ASU is effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2021, which for the Company is the first quarter of fiscal 2023. Early adoption is permitted. The Company is currently assessing the impact and timing of adoption of this ASU.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=122038215&loc=SL108384541-122693

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=124402435&loc=SL124402458-218513

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=123597120&loc=SL121967933-165497

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=123597120&loc=SL121967933-165497

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-URI http://asc.fasb.org/extlink&oid=124402435&loc=SL124402458-218513

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=123338486&loc=SL49131195-203048

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-URI http://asc.fasb.org/extlink&oid=122038215&loc=d3e31137-122693

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (e)(3)
-URI http://asc.fasb.org/extlink&oid=123597120&loc=SL121967933-165497

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 848
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=122150657&loc=SL122150809-237846

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(3)
-URI http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Publisher FASB
-Subparagraph (c)

+ Details

Segment Information - Goodwill Rollforward (Details) $ in Millions	9 Months Ended
	Apr. 01, 2022 USD ($)
Goodwill [Roll Forward]
Balance at July 3, 2021	$ 10,066
Foreign currency translation adjustment	(5)
Balance at April 1, 2022	10,061
Flash
Goodwill [Roll Forward]
Balance at July 3, 2021	5,738
Foreign currency translation adjustment	(3)
Balance at April 1, 2022	5,735
HDD
Goodwill [Roll Forward]
Balance at July 3, 2021	4,328
Foreign currency translation adjustment	(2)
Balance at April 1, 2022	$ 4,326

Revenues	9 Months Ended
Revenues	Apr. 01, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Contract assets represent the Company’s rights to consideration where performance obligations are completed but the customer payments are not due until another performance obligation is satisfied. The Company did not have any contract assets as of either April 1, 2022 or July 2, 2021. The Company incurs sales commissions and other direct incremental costs to obtain sales contracts. The Company has applied the practical expedient to recognize the direct incremental costs of obtaining contracts as an expense when incurred if the amortization period is expected to be one year or less or the amount is not material, with these costs charged to Selling, general and administrative expenses. Other direct incremental costs to obtain contracts that have an expected benefit of greater than one year are amortized over the period of expected cash flows from the related contracts, and the amortization expense is recorded as a reduction to revenue. Total capitalized contract costs as of April 1, 2022 and July 2, 2021 as well as the related amortization for the three and nine months ended April 1, 2022 and April 2, 2021 were not material. Contract liabilities relate to customers’ payments in advance of performance under the contract and primarily relate to remaining performance obligations under support and maintenance contracts. As of April 1, 2022 and July 2, 2021, contract liabilities were not material. The Company applies the practical expedients and does not disclose transaction price allocated to the remaining performance obligations for (i) arrangements that have an original expected duration of one year or less, which mainly consist of the support and maintenance contracts, and (ii) variable consideration amounts for sale-based or usage-based royalties for intellectual property (“IP”) license arrangements, which typically range longer than one year. Remaining performance obligations are mainly attributed to right-to-access patent license arrangements and customer support and service contracts which will be recognized over the remaining contract period. The transaction price allocated to the remaining performance obligations as of April 1, 2022 was $42 million, which is mainly attributable to the functional IP license and service arrangements. The Company expects to recognize this amount as revenue as follows: $10 million during the remainder of fiscal 2022, $30 million in fiscal 2023, and $2 million in fiscal 2024 and thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Related Parties and Related Commitments and Contingencies - Maximum Loss Exposure (Details) - Apr. 01, 2022 - Flash Ventures $ in Millions, ¥ in Billions	USD ($)	JPY (¥)
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	$ 4,297
Notes receivable
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	847
Equity investments
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	570
Operating lease guarantees
Guarantor Obligations [Line Items]
Operating lease guarantees	1,897	¥ 223
Inventory and prepayments
Guarantor Obligations [Line Items]
Inventory and prepayments	$ 983

Supplemental Financial Statement Data - Total Warranty Accrual (Details) - USD ($) $ in Millions	Apr. 01, 2022	Dec. 31, 2021	Jul. 02, 2021	Apr. 02, 2021	Jan. 01, 2021	Jul. 03, 2020
Warranty accrual:
Current portion (included in Accrued expenses)	$ 167		$ 175
Long-term portion (included in Other liabilities)	188		188
Total warranty accrual	$ 355	$ 351	$ 363	$ 357	$ 366	$ 408

Employee Termination, Asset Impairment and Other Charges

9 Months Ended

Apr. 01, 2022

Postemployment Benefits [Abstract]

Employee Termination, Asset Impairment and Other Charges

Employee Termination, Asset Impairment, and Other Charges

Business Realignment

The Company periodically incurs charges as part of the integration process of recent acquisitions and to realign its operations with anticipated market demand, primarily consisting of organization rationalization designed to streamline its business, reduce its cost structure and focus its resources. The Company recorded the following charges related to these actions:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)




Employee termination benefits	$	4	$	2	$	22	$	27



Asset impairments and losses (gains) on disposal of assets	—		(70)		2		(70)






Total employee termination, asset impairment, and other charges	$	4	$	(68)	$	24	$	(43)

The following table presents an analysis of the components of these activities against the reserve during the nine months ended April 1, 2022:


	Employee Termination Benefits
	(in millions)








Accrual balance at July 2, 2021	$	2
Charges	22
Cash payments	(20)

Accrual balance at April 1, 2022	$	4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021
Cash flows from operating activities
Net income	$ 1,199	$ 199
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	708	961
Stock-based compensation	249	239
Deferred income taxes	41	(41)
Gain on disposal of assets	(14)	(65)
Amortization of debt discounts	34	30
Other non-cash operating activities, net	42	(26)
Changes in:
Accounts receivable, net	(96)	474
Inventories	(45)	(613)
Accounts payable	(100)	(139)
Accounts payable to related parties	(2)	(10)
Accrued expenses	(48)	251
Accrued compensation	(149)	22
Other assets and liabilities, net	(234)	(378)
Net cash provided by operating activities	1,585	904
Cash flows from investing activities
Purchases of property, plant and equipment	(842)	(820)
Proceeds from the sale of property, plant and equipment	13	121
Notes receivable issuances to Flash Ventures	(496)	(490)
Notes receivable proceeds from Flash Ventures	519	619
Strategic investments and other, net	(16)	8
Net cash used in investing activities	(822)	(562)
Cash flows from financing activities
Issuance of stock under employee stock plans	62	71
Taxes paid on vested stock awards under employee stock plans	(85)	(51)
Repayment of debt	(5,575)	(673)
Proceeds from debt	3,998	0
Debt issuance costs	(23)	0
Other	0	(9)
Net cash used in financing activities	(1,623)	(662)
Effect of exchange rate changes on cash	(5)	6
Net decrease in cash and cash equivalents	(865)	(314)
Cash and cash equivalents, beginning of year	3,370	3,048
Cash and cash equivalents, end of period	2,505	2,734
Supplemental disclosure of cash flow information:
Cash paid for income taxes	376	301
Cash paid for interest	$ 221	$ 245

Fair Value Measurements and Investments

9 Months Ended

Apr. 01, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements and Investments

Financial Instruments Carried at Fair Value

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 tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 1, 2022 and July 2, 2021, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:


	April 1, 2022
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	53	$	—	$	—	$	53


















Foreign exchange contracts	—		31		—		31


Total assets at fair value	$	53	$	31	$	—	$	84
Liabilities:
Foreign exchange contracts	$	—	$	188	$	—	$	188
Interest rate swap contracts	—		16		—		16

Total liabilities at fair value	$	—	$	204	$	—	$	204


	July 2, 2021
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	1,283	$	—	$	—	$	1,283


















Foreign exchange contracts	—		14		—		14


Total assets at fair value	$	1,283	$	14	$	—	$	1,297
Liabilities:
Foreign exchange contracts	$	—	$	65	$	—	$	65
Interest rate swap contracts	—		80		—		80

Total liabilities at fair value	$	—	$	145	$	—	$	145

During the periods presented, the Company had no transfers of financial assets and liabilities between levels and there were no changes in valuation techniques or the inputs used in the fair value measurement.

Financial Instruments Not Carried at Fair Value

For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the third quarter of fiscal 2022 and the fourth quarter of fiscal 2021, respectively.


	April 1, 2022				July 2, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)


Variable interest rate Term Loan A-1 maturing 2023	$	—	$	—	$	4,327	$	4,346


Variable interest rate Term Loan B-4 maturing 2023	—		—		1,093		1,094

1.50% convertible notes due 2024	1,040		1,063		1,017		1,173

4.75% senior unsecured notes due 2026	2,290		2,342		2,288		2,556
Variable interest rate Term Loan A-2 maturing 2027	2,843		2,802		—		—
2.85% senior unsecured notes due 2029	495		457		—		—
3.10% senior unsecured notes due 2032	494		445		—		—




Total	$	7,162	$	7,109	$	8,725	$	9,169

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Fair Value Measurements and Investments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Assets:
Total assets at fair value	$ 84	$ 1,297
Liabilities:
Total liabilities at fair value	204	145
Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	53	1,283
Foreign exchange contracts
Assets:
Foreign exchange contracts	31	14
Liabilities:
Derivative liability	188	65
Interest rate swap contracts
Liabilities:
Derivative liability	16	80
Level 1
Assets:
Total assets at fair value	53	1,283
Liabilities:
Total liabilities at fair value	0	0
Level 1 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	53	1,283
Level 1 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	0	0
Liabilities:
Derivative liability	0	0
Level 1 \| Interest rate swap contracts
Liabilities:
Derivative liability	0	0
Level 2
Assets:
Total assets at fair value	31	14
Liabilities:
Total liabilities at fair value	204	145
Level 2 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 2 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	31	14
Liabilities:
Derivative liability	188	65
Level 2 \| Interest rate swap contracts
Liabilities:
Derivative liability	16	80
Level 3
Assets:
Total assets at fair value	0	0
Liabilities:
Total liabilities at fair value	0	0
Level 3 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 3 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	0	0
Liabilities:
Derivative liability	0	0
Level 3 \| Interest rate swap contracts
Liabilities:
Derivative liability	$ 0	$ 0

Debt - Additional Information (Details) - USD ($)		6 Months Ended	9 Months Ended
Debt - Additional Information (Details) - USD ($)	Jan. 07, 2022	Dec. 31, 2021	Apr. 01, 2022	Apr. 02, 2021	Dec. 10, 2021	Jul. 02, 2021
Debt Instrument [Line Items]
Repayment of debt			$ 5,575,000,000	$ 673,000,000
Outstanding principal balance			7,250,000,000			$ 8,825,000,000
Unamortized issuance cost			88,000,000			100,000,000
July 1, 2022 through March 31, 2023
Debt Instrument [Line Items]
Quarterly installment payments			19,000,000
July 1, 2022 thereafter
Debt Instrument [Line Items]
Quarterly installment payments			38,000,000
Variable interest rate Term Loan B-4 maturing 2023
Debt Instrument [Line Items]
Outstanding principal balance			$ 0			$ 1,093,000,000
2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)			2.85%			2.85%
Outstanding principal balance			$ 500,000,000			$ 0
2.85% senior unsecured notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount					$ 500,000,000
Debt instrument, interest rate (percentage)					2.85%
3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)			3.10%			3.10%
Outstanding principal balance			$ 500,000,000			$ 0
3.10% senior unsecured notes due 2032 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount					$ 500,000,000
Debt instrument, interest rate (percentage)					3.10%
Variable interest rate Term Loan A-1 maturing 2023
Debt Instrument [Line Items]
Debt instrument, face amount		$ 126,000,000
Repayment of debt		1,210,000,000
Outstanding principal balance		$ 3,000,000,000	0			4,332,000,000
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Debt instrument, face amount	$ 3,000,000,000
Outstanding principal balance			2,850,000,000			$ 0
Unamortized issuance cost			7,000,000
Variable interest rate Term Loan A-2 maturing 2027 \| SOFR
Debt Instrument [Line Items]
Variable interest rate	1.375%
Variable interest rate Term Loan A-2 maturing 2027 \| Minimum \| SOFR
Debt Instrument [Line Items]
Variable interest rate	1.125%
Variable interest rate Term Loan A-2 maturing 2027 \| Minimum \| Base Rate
Debt Instrument [Line Items]
Variable interest rate	0.125%
Variable interest rate Term Loan A-2 maturing 2027 \| Maximum \| SOFR
Debt Instrument [Line Items]
Variable interest rate	2.00%
Variable interest rate Term Loan A-2 maturing 2027 \| Maximum \| Base Rate
Debt Instrument [Line Items]
Variable interest rate	1.00%
2027 Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 2,250,000,000
Commitment fee (in percent)	0.20%
2027 Revolving Credit Facility \| Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Variable interest rate	1.375%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Commitment fee (in percent)	0.12%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Minimum \| SOFR
Debt Instrument [Line Items]
Variable interest rate	1.125%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Variable interest rate	0.125%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Commitment fee (in percent)	0.35%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Maximum \| SOFR
Debt Instrument [Line Items]
Variable interest rate	2.00%
2027 Revolving Credit Facility \| Revolving Credit Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Variable interest rate	1.00%
Senior Notes due 2029
Debt Instrument [Line Items]
Unamortized issuance cost			5,000,000
Senior Notes due 2032
Debt Instrument [Line Items]
Unamortized issuance cost			$ 6,000,000

Shareholders' Equity - Restricted Stock Units And Performance Share Units (Details) - Restricted Stock Units And Performance Share Units $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Apr. 01, 2022 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	16.1
Granted (in shares) \| shares	5.5
Vested (in shares) \| shares	(4.9)
Forfeited (in shares) \| shares	(1.7)
Outstanding, ending balance (in shares) \| shares	15.0
Weighted Average Grant Date Fair Value
Outstanding, beginning balance, grant date fair value (in dollars per share) \| $ / shares	$ 50.12
Granted, grant date fair value (in dollars per share) \| $ / shares	62.53
Vested, grant date fair value (in dollars per share) \| $ / shares	53.93
Forfeited, grant date fair value (in dollars per share) \| $ / shares	51.77
Outstanding, ending balance, grant date fair value (in dollars per share) \| $ / shares	$ 53.33
Aggregate value of restricted stock awards vested \| $	$ 301

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Apr. 01, 2022	Dec. 31, 2021	Oct. 01, 2021	Apr. 02, 2021	Jan. 01, 2021	Oct. 02, 2020	Apr. 01, 2022	Apr. 02, 2021
Earnings Per Share [Abstract]
Net income	$ 25	$ 564	$ 610	$ 197	$ 62	$ (60)	$ 1,199	$ 199
Weighted average shares outstanding:
Basic (in shares)	313			306			312	305
Employee stock options, RSUs, PSUs, ESPP (in shares)	3			7			4	3
Diluted (in shares)	316			313			316	308
Income per common share:
Basic (in dollars per share)	$ 0.08			$ 0.64			$ 3.84	$ 0.65
Diluted (in dollars per share)	$ 0.08			$ 0.63			$ 3.79	$ 0.65
Anti-dilutive potential common shares excluded (in shares)	5			1			4	7

Debt

9 Months Ended

Apr. 01, 2022

Debt Disclosure [Abstract]

Debt

Debt consisted of the following as of April 1, 2022 and July 2, 2021:


	April 1, 2022		July 2, 2021
	(in millions)



Variable interest rate Term Loan A-1 maturing 2023	$	—	$	4,332




Variable interest rate Term Loan B-4 maturing 2023	—		1,093




1.50% convertible notes due 2024	1,100		1,100

4.75% senior unsecured notes due 2026	2,300		2,300
Variable interest rate Term Loan A-2 maturing 2027	2,850		—
2.85% senior unsecured notes due 2029	500		—
3.10% senior unsecured notes due 2032	500		—

Total debt	7,250		8,825
Issuance costs and debt discounts	(88)		(100)
Subtotal	7,162		8,725
Less current portion of long-term debt	(75)		(251)
Long-term debt	$	7,087	$	8,474

In October 2021, the Company voluntarily prepaid the remaining principal balance of its Term Loan B-4 in accordance with its terms.

In December 2021, the Company issued $500 million aggregate principal amount of 2.850% senior unsecured notes due February 1, 2029 (the “2029 Notes”) and issued $500 million aggregate principal amount of 3.100% senior unsecured notes due February 1, 2032 (the “2032 Notes”) pursuant to the terms of an indenture, dated as of December 10, 2021 (the “Base Indenture”) between the Company and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the first supplemental indenture dated as of December 10, 2021 (the “First Supplemental Indenture”) between the Company and the Trustee. As used herein, “Indenture” means the Base Indenture, as supplemented by the First Supplemental Indenture. The Indenture contains certain restrictive covenants which are subject to a number of limitations and exceptions. Interest for both the 2029 Notes and 2032 Notes is payable on February 1 and August 1 of each year. The Company is not required to make principal payments on either the 2029 Notes or 2032 Notes prior to their maturity dates.

During the six months ended December 31, 2021, the Company made scheduled principal payments of $126 million and voluntary prepayments of $1.21 billion on the outstanding principal balance on its Term Loan A-1 in accordance with its terms to reduce the remaining outstanding principal balance to $3.00 billion. Payments were made using proceeds from the issuance of the 2029 Notes and the 2032 Notes and available cash on hand. On January 7, 2022, the Company entered into a restatement agreement (“Restatement Agreement”) to amend and restate the Loan Agreement, originally dated as of April 29, 2016 (including subsequent amendments and the Restatement Agreement, collectively, the “Loan Agreement”), to provide for, among other things, (i) the issuance of a new $3.00 billion Term Loan A-2 maturing in January 2027 (the “Term Loan A-2”) to replace its previously existing Term Loan A-1; and (ii) the availability of a new $2.25 billion revolving credit facility maturing in January 2027 (the “2027 Revolving Facility”) to replace its previously existing $2.25 billion revolving credit facility and (iii) additional covenant flexibility and other modifications. The obligations under the Loan Agreement are the senior unsecured obligations of the Company and do not benefit from any collateral or subsidiary guarantees.

The Term Loan A-2 Loan bears interest, at the Company’s option, at a per annum rate equal to either (x) the Adjusted Term Secured Overnight Financing Rate (“SOFR”) (as defined in the Loan Agreement) plus an applicable margin varying from 1.125% to 2.000% or (y) a base rate plus an applicable margin varying from 0.125% to 1.000%, in each case depending on the corporate family ratings of the Company from at least two of Standard & Poor’s Ratings Services (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”), with an initial interest rate of Adjusted Term SOFR plus 1.375%. The Term Loan A-2 amortizes in quarterly installments of $19 million for each of the first four quarters beginning the quarter ending July 1, 2022 through the quarter ending March 31, 2023; $38 million per quarter thereafter; and the remaining balance payable January 7, 2027.

Loans under the 2027 Revolving Facility bear interest at a per annum rate, at the Company’s option, equal to either (x) the Adjusted Term SOFR Rate (as defined in the Loan Agreement) plus an applicable margin varying from 1.125% to 2.000% or (y) a base rate plus an applicable margin varying from 0.125% to 1.000%, in each case depending on the corporate family ratings of the Company from at least two of S&P, Moody’s and Fitch, with an initial rate of Adjusted Term SOFR plus 1.375%. The Company is also required to pay an unused commitment fee on the 2027 Revolving Facility ranging from 0.120% to 0.350% based on the corporate family ratings of the Company from at least two of S&P, Moody’s and Fitch, with an initial unused commitment fee of 0.200%.

Issuance costs and discounts are amortized to interest expense over their respective terms, and as of April 1, 2022, unamortized issuance costs and discounts were $5 million for the 2029 Notes, $6 million for the 2032 Notes, and $7 million for the Term Loan A-2.

In accordance with the Loan Agreement, the Company is required to comply with a leverage ratio financial covenant. As of April 1, 2022, the Company was in compliance with this financial covenant.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Shareholders' Equity - Unrecognized Share-based Compensation (Details) $ in Millions	9 Months Ended
	Apr. 01, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 659
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 589
Weighted Average Service Period	2 years 3 months 18 days
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 70
Weighted Average Service Period	1 year 6 months

Segment Information

9 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

Segment Information

The Company manufactures, markets, and sells data storage devices and solutions in the U.S. and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. Historically, the Company had been managed and reported under a single operating segment. Late in the first quarter of fiscal 2021, the Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (“CODM”), announced a decision to reorganize the Company’s business by forming two separate product business units: flash-based products (“Flash”) and hard disk drives (“HDD”). To align with the new operating model and business structure, the Company made management organizational changes and implemented new reporting modules and processes to provide discrete information to manage the business. Effective July 3, 2021, the Company’s management finalized its assessment of the Company’s operating segments and concluded that the Company now has two reportable segments: Flash and HDD.

The CODM evaluates performance of the Company and makes decisions regarding allocation of resources based on each operating segment’s net revenue and gross margin, which are summarized below. Because of the integrated nature of the Company’s production and distribution activities, separate segment asset measures are not available or reviewed by the CODM to evaluate the performance of or to allocate resources to the segments.

The following table summarizes the operating performance of the Company’s reportable segments:


	Three Months Ended						Nine Months Ended
	April 1, 2022			April 2, 2021			April 1, 2022			April 2, 2021

Net revenue:
Flash	$	2,243		$	2,175		$	7,353		$	6,287
HDD	2,138			1,962			6,912			5,715
Total net revenue	$	4,381		$	4,137		$	14,265		$	12,002
Gross profit:
Flash	$	798		$	653		$	2,665		$	1,752
HDD	592			491			2,061			1,462
Total gross profit for segments	1,390			1,144			4,726			3,214
Unallocated corporate items:
Contamination related charges	(203)			—			(203)			—
Stock-based compensation expense	(13)			(14)			(36)			(41)
Amortization of acquired intangible assets	—			(39)			(65)			(293)

Recoveries from a power outage incident	7			—			7			75

Total unallocated corporate items	(209)			(53)			(297)			(259)
Consolidated gross profit	$	1,181		$	1,091		$	4,429		$	2,955
Gross margin:
Flash	35.6		%	30.0		%	36.2		%	27.9		%
HDD	27.7		%	25.0		%	29.8		%	25.6		%
Consolidated gross margin	27.0		%	26.4		%	31.0		%	24.6		%

Disaggregated Revenue

The Company’s broad portfolio of technology and products address multiple end markets. In the fiscal first quarter of 2022, the Company refined the end markets it reports to be Cloud, Client and Consumer. Cloud represents a large and growing end market comprised primarily of products for public or private cloud environments and end customers, which the Company believes it is uniquely positioned to address as the only provider of both flash and hard drive products. Through the Client end market, the Company provides its original equipment manufacturer (“OEM”) and channel customers a broad array of high-performance flash and hard drive solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Consumer end market is highlighted by the Company’s broad range of retail and other end-user products, which capitalize on the strength of the Company’s product brand recognition and vast points of presence around the world.

The Company’s disaggregated revenue information is as follows:



	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)





Revenue by End Market
Cloud	$	1,774	$	1,423	$	5,919	$	3,728
Client	1,732		1,767		5,439		5,386
Consumer	875		947		2,907		2,888
Total Revenue	$	4,381	$	4,137	$	14,265	$	12,002

Revenue by Geography
Asia	$	2,400	$	2,215	$	7,685	$	6,702
Americas	1,377		1,009		4,398		3,033
Europe, Middle East and Africa	604		913		2,182		2,267
Total Revenue	$	4,381	$	4,137	$	14,265	$	12,002

The Company’s top 10 customers accounted for 44% and 43% of its net revenue for the three and nine months ended April 1, 2022, respectively, and 42% and 40% of its net revenue for the three and nine months ended April 2, 2021, respectively. For the three and nine months ended April 1, 2022 and April 2, 2021, no single customer accounted for 10% or more of the Company’s net revenue.

Goodwill

In connection with the Company’s determination of its reportable segments, effective July 3, 2021, the Company allocated its goodwill between its segments based on the estimated relative fair values of the business units. In addition, management performed a goodwill impairment assessment for each segment and concluded there were no impairment indicators as of both the beginning and end of the nine months ended April 1, 2022. The following table provides a summary of goodwill activity for the period:


	Flash		HDD		Total
	(in millions)



















Balance at July 3, 2021	$	5,738	$	4,328	$	10,066


Foreign currency translation adjustment	(3)		(2)		(5)
Balance at April 1, 2022	$	5,735	$	4,326	$	10,061

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Employee Termination, Asset Impairment and Other Charges - Expense Recognition (Details) - Business Realignment - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Restructuring Cost and Reserve [Line Items]
Employee termination and other charges:	$ 4	$ 2	$ 22	$ 27
Asset impairments and losses (gains) on disposal of assets	0	(70)	2	(70)
Total employee termination, asset impairment, and other charges	$ 4	$ (68)	$ 24	$ (43)

Supplemental Financial Statement Data - Accumulated Other Comprehensive Income Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 12,018	$ 9,829	$ 10,721	$ 9,551
Other comprehensive income (loss) before reclassifications			(293)
Amounts reclassified from accumulated other comprehensive income (loss)			121
Income tax benefit (expense) related to items of other comprehensive income (loss)	15	17	12	6
Other comprehensive loss, net of tax	(140)	(160)	(160)	(53)
Ending balance	11,984	9,949	11,984	9,949
Losses reclassified out of AOCI related to foreign exchange contracts	14		83
Losses reclassified out of AOCI related to interest rate swap contracts	13		38
Actuarial Pension Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(35)
Other comprehensive income (loss) before reclassifications			2
Amounts reclassified from accumulated other comprehensive income (loss)			0
Income tax benefit (expense) related to items of other comprehensive income (loss)			0
Other comprehensive loss, net of tax			2
Ending balance	(33)		(33)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(38)
Other comprehensive income (loss) before reclassifications			(123)
Amounts reclassified from accumulated other comprehensive income (loss)			0
Income tax benefit (expense) related to items of other comprehensive income (loss)			0
Other comprehensive loss, net of tax			(123)
Ending balance	(161)		(161)
Unrealized Gains (Losses) on Derivative Contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(124)
Other comprehensive income (loss) before reclassifications			(172)
Amounts reclassified from accumulated other comprehensive income (loss)			121
Income tax benefit (expense) related to items of other comprehensive income (loss)			12
Other comprehensive loss, net of tax			(39)
Ending balance	(163)		(163)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(217)	(50)	(197)	(157)
Ending balance	$ (357)	$ (210)	$ (357)	$ (210)

Income Tax Expense - Unrecognized Tax Benefits (Details) $ in Millions	9 Months Ended
	Apr. 01, 2022 USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit, beginning balance	$ 748
Gross increases related to current year tax positions	7
Gross increases related to prior year tax positions	216
Gross decreases related to prior year tax positions	(57)
Settlements	(2)
Lapse of statute of limitations	(5)
Unrecognized tax benefit, ending balance	$ 907

Supplemental Financial Statement Data - Intangible Assets (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Finite-lived intangible assets	$ 5,495	$ 5,508
In-process research and development	80	80
Accumulated amortization	(5,323)	(5,146)
Intangible assets, net	$ 252	$ 442

Legal Proceedings	9 Months Ended
Legal Proceedings	Apr. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings Tax For disclosures regarding statutory notices of deficiency issued by the IRS in June 2018 and December 2018, petitions filed by the Company with the U.S. Tax Court in September 2018 and March 2019, additional penalties asserted by the IRS in March 2021 and further Amendments to Answers filed by the IRS in June 2021 and January 2022, and a tentative resolution with respect to certain matters, see Note 13, Income Tax Expense. Other Matters In the normal course of business, the Company is subject to 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, management believes that any monetary liability or financial impact to the Company from these matters, individually and in the aggregate, would not be material to the Company’s financial condition, results of operations or cash flows. However, any monetary liability and financial impact to the Company from these matters could differ materially from the Company’s expectations.

Pensions and Other Post-Retirement Benefit Plans - Obligations and Funded Status (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Retirement Benefits [Abstract]
Benefit obligation at end of period	$ 339	$ 359
Fair value of plan assets at end of period	210	227
Unfunded status	$ 129	$ 132

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Shareholders' Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended	12 Months Ended
	Apr. 01, 2022	Jul. 02, 2021
Number of Shares
Options outstanding, beginning balance (in shares)	1.5
Exercised (in shares)	(0.2)
Canceled or expired (in shares)	(0.4)
Options outstanding, ending balance (in shares)	0.9	1.5
Weighted Average Exercise Price Per Share
Options outstanding, beginning balance, exercise price (in dollars per share)	$ 72.84
Exercised, exercise price (in dollars per share)	43.52
Canceled or expired, exercise price (in dollars per share)	98.24
Options outstanding, ending balance, exercise price (in dollars per share)	$ 65.97	$ 72.84
Options outstanding, weighted average remaining contractual term	9 months 7 days	1 year 2 months 12 days
Aggregate Intrinsic Value
Options outstanding, beginning balance, intrinsic value	$ 15
Exercised, intrinsic value	3
Options outstanding, ending balance, intrinsic value	$ 2	$ 15

Leases and Other Commitments

9 Months Ended

Apr. 01, 2022

Leases [Abstract]

Leases and Other Commitments

Leases

The Company leases certain domestic and international facilities and data center space under long-term, non-cancelable operating leases that expire at various dates through 2034. These leases include no material variable or contingent lease payments. Operating lease assets and liabilities are recognized based on the present value of the remaining lease payments discounted using the Company’s incremental borrowing rate. Operating lease assets also include prepaid lease payments minus any lease incentives. Extension or termination options present in the Company’s lease agreements are included in determining the right-of-use asset and lease liability when it is reasonably certain the Company will exercise those options. Lease expense is recognized on a straight-line basis over the lease term. The following table summarizes supplemental balance sheet information related to operating leases as of April 1, 2022:


	Lease Amounts
Minimum lease payments by fiscal year:	($ in millions)
Remaining three months of 2022	$	14
2023	48
2024	48
2025	44
2026	44
Thereafter	188
Total future minimum lease payments	386
Less: Imputed Interest	55
Present value of lease liabilities	331
Less: Current portion (included in Accrued expenses)	41
Long-term operating lease liabilities (included in Other liabilities)	$	290

Operating lease right-of-use assets (included in Other non-current assets)	$	313

Weighted average remaining lease term in years	8.4
Weighted average discount rate	3.4		%

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Cost of operating leases	$	15	$	12	$	42	$	37
Cash paid for operating leases	13		12		37		38
Operating lease assets obtained in exchange for operating lease liabilities	9		1		132		28

Purchase Agreements and Other Commitments

In the normal course of business, the Company enters into purchase orders with suppliers for the purchase of components used to manufacture its products. These purchase orders generally cover forecasted component supplies needed for production during the next quarter, are recorded as a liability upon receipt of the components, and generally may be changed or canceled at any time prior to shipment of the components. The Company also enters into long-term agreements with suppliers that contain fixed future commitments, which are contingent on certain conditions such as performance, quality and technology of the vendor’s components. As of April 1, 2022, the Company had the following minimum long-term commitments:


	Long-term commitments
	(in millions)
Fiscal year:
Remaining three months of 2022	$	162
2023	560
2024	309
2025	148
2026	20
Thereafter	170
Total	$	1,369

Pensions and Other Post-Retirement Benefit Plans (Tables)

9 Months Ended

Apr. 01, 2022

Retirement Benefits [Abstract]

Schedule of Obligations and Funded Status

The following table presents the unfunded status of the benefit obligations for the Pension Plans:


	April 1, 2022		July 2, 2021
	(in millions)











Benefit obligation at end of period	$	339	$	359









Fair value of plan assets at end of period	210		227
Unfunded status	$	129	$	132

Schedule of Unfunded Amounts Recognized on Consolidated Balance Sheets

The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets:


	April 1, 2022		July 2, 2021
	(in millions)
Current liabilities	$	1	$	1
Non-current liabilities	128		131
Net amount recognized	$	129	$	132

Revenues - Revenue Remaining Performance Obligation (Details) $ in Millions	Apr. 01, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 42
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 10
Revenue, remaining performance obligation, amount	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 30
Revenue, remaining performance obligation, amount	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 2
Revenue, remaining performance obligation, amount

Fair Value Measurements and Investments - Debt Instrument Fair Value (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
1.50% convertible notes due 2024 \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	1.50%	1.50%
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	4.75%	4.75%
2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%	2.85%
3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%	3.10%
Level 2 \| Carrying Value
Debt Instrument [Line Items]
Long-term debt	$ 7,162	$ 8,725
Level 2 \| Carrying Value \| Variable interest rate Term Loan A-1 maturing 2023
Debt Instrument [Line Items]
Long-term debt	0	4,327
Level 2 \| Carrying Value \| Variable interest rate Term Loan B-4 maturing 2023
Debt Instrument [Line Items]
Long-term debt	0	1,093
Level 2 \| Carrying Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	1,040	1,017
Level 2 \| Carrying Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,290	2,288
Level 2 \| Carrying Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,843	0
Level 2 \| Carrying Value \| 2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Long-term debt	495	0
Level 2 \| Carrying Value \| 3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Long-term debt	494	0
Level 2 \| Fair Value
Debt Instrument [Line Items]
Long-term debt	7,109	9,169
Level 2 \| Fair Value \| Variable interest rate Term Loan A-1 maturing 2023
Debt Instrument [Line Items]
Long-term debt	0	4,346
Level 2 \| Fair Value \| Variable interest rate Term Loan B-4 maturing 2023
Debt Instrument [Line Items]
Long-term debt	0	1,094
Level 2 \| Fair Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	1,063	1,173
Level 2 \| Fair Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,342	2,556
Level 2 \| Fair Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,802	0
Level 2 \| Fair Value \| 2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Long-term debt	457	0
Level 2 \| Fair Value \| 3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Long-term debt	$ 445	$ 0

Related Parties and Related Commitments and Contingencies - Joint Venture Lease Amounts (Details) - Flash Ventures $ in Millions	Apr. 01, 2022 USD ($)
Guarantor Obligations [Line Items]
Remaining three months of 2022	$ 150
2023	575
2024	475
2025	278
2026	299
Thereafter	120
Total guarantee obligations	1,897
Payment of Principal Amortization
Guarantor Obligations [Line Items]
Remaining three months of 2022	150
2023	516
2024	369
2025	181
2026	153
Thereafter	27
Total guarantee obligations	1,396
Purchase Option Exercise Price at Final Lease Terms
Guarantor Obligations [Line Items]
Remaining three months of 2022	0
2023	59
2024	106
2025	97
2026	146
Thereafter	93
Total guarantee obligations	$ 501

Pensions and Other Post-Retirement Benefit Plans - Additional Information (Details)	9 Months Ended
	Apr. 01, 2022
Retirement Benefits [Abstract]
Expected long-term rate of return on plan assets	2.50%

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Apr. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Western Digital Corporation (“Western Digital” or the “Company”) is a leading developer, manufacturer, and provider of data storage devices and solutions that address the evolving needs of the information technology (“IT”) industry and the infrastructure that enables the proliferation of data in virtually every other industry. The Company creates environments for data to thrive. The Company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, the Company’s industry-leading solutions deliver the possibilities of data. The accounting policies followed by the Company are set forth in Part II, Item 8, Note 1, Organization and Basis of Presentation, of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10‑K for the fiscal year ended July 2, 2021. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. All such adjustments are of a normal, recurring nature. Certain information and footnote disclosures normally included in the Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10‑K for the fiscal year ended July 2, 2021. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year. Fiscal Year The Company’s fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, the Company reports a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal years 2022, which ends on July 1, 2022, and 2021, which ended on July 2, 2021, are each comprised of 52 weeks, with all quarters presented consisting of 13 weeks. 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 with consideration given to the potential impacts of the ongoing COVID-19 pandemic. However, actual results could differ materially from these estimates and be significantly affected by the severity and duration of the COVID-19 pandemic, the extent of actions to contain or treat COVID-19, the timing, distribution, efficacy and public acceptance of vaccines around the world, additional surges of COVID-19, including the emergence of more contagious or vaccine-resistant variants, and how quickly and to what extent normal economic and operating activities can resume.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 01, 2022	Jul. 02, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	450,000,000	450,000,000
Common stock, shares issued (in shares)	313,000,000	312,000,000
Common stock, shares outstanding (in shares)	313,000,000	308,000,000
Treasury stock (in shares)	0	4,000,000

Income Tax Expense

9 Months Ended

Apr. 01, 2022

Income Tax Disclosure [Abstract]

Income Tax Expense

The Tax Cuts and Jobs Act (the “2017 Act”), enacted on December 22, 2017, includes a broad range of tax reform proposals affecting businesses. The Company completed its accounting for the tax effects of the enactment of the 2017 Act during the second quarter of fiscal 2019. However, the U.S. Treasury and the Internal Revenue Service (“IRS”) have issued tax guidance on certain provisions of the 2017 Act since the enactment date, and the Company anticipates the issuance of additional regulatory and interpretive guidance. The Company applied a reasonable interpretation of the 2017 Act along with the then-available guidance in finalizing its accounting for the tax effects of the 2017 Act. Any additional regulatory or interpretive guidance would constitute new information, which may require further refinements to the Company’s estimates in future periods.

The following table presents the Company’s Income tax expense and the effective tax rate:


	Three Months Ended						Nine Months Ended
	April 1, 2022			April 2, 2021			April 1, 2022			April 2, 2021
	($ in millions)
Income before taxes	$	262		$	249		$	1,612		$	331
Income tax expense	237			52			413			132
Effective tax rate	90		%	21		%	26		%	40		%

The primary drivers of the difference between the effective tax rate for the three and nine months ended April 1, 2022 and the U.S. Federal statutory rate of 21%, are the relative mix of earnings and losses by jurisdiction, the deduction for foreign derived intangible income, credits, and tax holidays in Malaysia, the Philippines and Thailand that will expire at various dates during fiscal years 2024 through 2031. In addition, the effective tax rate for the three and nine months ended April 1, 2022 includes the discrete effect of a net increase to the liability for unrecognized tax benefits, which includes interest and offsetting tax benefits, as a result of ongoing discussions with various taxing authorities of $194 million and $219 million, respectively.

The primary drivers of the difference between the effective tax rate for the three and nine months ended April 2, 2021 and the U.S. Federal statutory rate of 21% are the relative mix of earnings and losses by jurisdiction, the deduction for foreign derived intangible income, credits, and tax holidays in Malaysia, Philippines and Thailand. In addition, the effective tax rate for the three and nine months ended April 2, 2021 includes discrete effects for increases to unrecognized tax benefits of $35 million as a result of ongoing discussions with various taxing authorities that are offset in part by a release of certain unrecognized tax benefits of $22 million as a result of business realignment activities. The effective tax rate for the nine months ended April 2, 2021 also includes the discrete effects of net tax deficiencies from shortfalls of $11 million related to the vesting of stock-based awards and additional tax expense of $10 million from the re-measurement of deferred tax liabilities due to restructuring activities, which have no impact on the amount of income taxes paid by the Company.

As previously disclosed, the IRS issued statutory notices of deficiency and notices of proposed adjustments with respect to transfer pricing with the Company’s foreign subsidiaries and intercompany payable balances for fiscal years 2008 through 2015. The Company filed petitions with the U.S. Tax Court covering fiscal years 2008 through 2012, for which it had received statutory notices of deficiency, while fiscal years 2013 through 2015 remain in the jurisdiction of the IRS’s Examination function. The IRS has filed various Amendments to Answer with the U.S. Tax Court which, together with the notices of proposed adjustments, would result in additional federal income tax liabilities totaling approximately $1.6 billion and penalties totaling $449 million with respect to fiscal years 2008 through 2015. During the three months ended April 1, 2022, in preparation for trial in May 2022, new information became available which required the Company to re-measure its unrecognized tax benefits for which an additional tax expense of $224 million, including interest, was recorded.

Uncertain Tax Positions

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 Condensed Consolidated Balance Sheets.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties for the nine months ended April 1, 2022 (in millions):


Accrual balance at July 2, 2021	$	748
Gross increases related to current year tax positions	7
Gross increases related to prior year tax positions	216
Gross decreases related to prior year tax positions	(57)
Settlements	(2)
Lapse of statute of limitations	(5)
Accrual balance at April 1, 2022	$	907

As of April 1, 2022, the liability for unrecognized tax benefits (excluding accrued interest and penalties) was $907 million. Interest and penalties related to unrecognized tax benefits are recognized in liabilities recorded for uncertain tax positions and are recorded in the provision for income taxes. Accrued interest and penalties included in the Company’s liability related to unrecognized tax benefits as of April 1, 2022 was $231 million. Of these amounts, approximately $996 million could result in potential cash payments.

Subsequent to April 1, 2022, the Company and the IRS tentatively reached a basis for resolving the statutory notices of deficiency and notices of proposed adjustments with respect to fiscal years 2008 through 2015 subject to the parties entering into final stipulations and a closing agreement. As a result, the trial originally scheduled to take place in May 2022 has been cancelled. The tentative basis for resolution would incrementally increase the liability for unrecognized tax benefits, including interest and offsetting tax benefits, by approximately $80 million to $100 million. Including this incremental increase, the Company expects to pay tax and interest totaling approximately $600 million to $700 million within the next twelve months, which the Company expects to be partially offset by reductions to its mandatory deemed repatriation tax obligations aggregating to approximately $100 million in later years. The Company is not able to provide a reasonable estimate of the timing of future tax and interest payments related to the remaining unrecognized tax benefits.

The Company believes that adequate provision has been made for any adjustments that may result from any other tax examinations. However, the outcome of such tax examinations cannot be predicted with certainty. If any issues addressed in the Company’s tax examinations 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. Any significant change in the amount of the Company’s liability for unrecognized tax benefits would most likely result from additional information or settlements relating to the examination of the Company’s tax returns.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Shareholders' Equity (Tables)

9 Months Ended

Apr. 01, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)

RSUs and PSUs	$	75	$	73	$	220	$	212
ESPP	11		10		29		27
Total	$	86	$	83	$	249	$	239


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)
Cost of revenue	$	13	$	14	$	36	$	41
Research and development	43		41		126		120
Selling, general and administrative	30		28		87		78

Subtotal	86		83		249		239
Tax benefit	(9)		(11)		(37)		(35)
Total	$	77	$	72	$	212	$	204

Schedule of Employee Service Share-based Compensation, Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of April 1, 2022:


	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)

RSUs and PSUs (1)	$	589	2.3
ESPP	70		1.5
Total unamortized compensation cost	$	659

(1) Weighted average service period assumes the performance metrics are met for the PSUs.

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at April 1, 2022:


	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in millions)			(in years)	(in millions)




















Options outstanding at July 2, 2021	1.5	$	72.84	1.2	$	15


Exercised	(0.2)	43.52			3
Canceled or expired	(0.4)	98.24
Options outstanding at April 1, 2022	0.9	65.97		0.77	2

Schedule of Restricted Stock Unit

The following table summarizes RSU and PSU activity under the Company’s incentive plans:


	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)			(in millions)




















RSUs and PSUs outstanding at July 2, 2021	16.1	$	50.12
Granted	5.5	62.53

Vested	(4.9)	53.93		$	301
Forfeited	(1.7)	51.77
RSUs and PSUs outstanding at April 1, 2022	15.0	53.33

Segment Reporting (Details) $ in Millions	3 Months Ended		9 Months Ended
Segment Reporting (Details) $ in Millions	Apr. 01, 2022 USD ($)	Apr. 02, 2021 USD ($)	Apr. 01, 2022 USD ($) segment	Apr. 02, 2021 USD ($)
Segment Reporting [Abstract]
Number of product business units \| segment			2
Number of reportable segments \| segment			2
Segment Reporting Information [Line Items]
Revenue, net	$ 4,381	$ 4,137	$ 14,265	$ 12,002
Gross profit	1,181	1,091	4,429	2,955
Stock-based compensation expense			249	239
Total operating expenses	$ 857	$ 774	$ 2,600	$ 2,410
Gross margin, percentage	27.00%	26.40%	31.00%	24.60%
Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 4,381	$ 4,137	$ 14,265	$ 12,002
Gross profit	1,390	1,144	4,726	3,214
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Contamination related charges	(203)	0	(203)	0
Stock-based compensation expense	(13)	(14)	(36)	(41)
Amortization of acquired intangible assets	0	(39)	(65)	(293)
Recoveries from a power outage incident	7	0	7	75
Total operating expenses	$ (209)	$ (53)	$ (297)	$ (259)
Flash
Segment Reporting Information [Line Items]
Gross margin, percentage	35.60%	30.00%	36.20%	27.90%
Flash \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 2,243	$ 2,175	$ 7,353	$ 6,287
Gross profit	$ 798	$ 653	$ 2,665	$ 1,752
HDD
Segment Reporting Information [Line Items]
Gross margin, percentage	27.70%	25.00%	29.80%	25.60%
HDD \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 2,138	$ 1,962	$ 6,912	$ 5,715
Gross profit	$ 592	$ 491	$ 2,061	$ 1,462

Supplemental Financial Statement Data - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Jul. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Proceeds on sale of trade accounts receivable	$ 100	$ 233
Factored receivables outstanding	$ 100		$ 0

Income Tax Expense - Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Income Tax Disclosure [Abstract]
Income before taxes	$ 262	$ 249	$ 1,612	$ 331
Income tax expense	$ 237	$ 52	$ 413	$ 132
Effective tax rate	90.00%	21.00%	26.00%	40.00%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Derivatives Instruments and Hedging Activities (Details)	9 Months Ended
	Apr. 01, 2022
Foreign Exchange Forward Contracts Designated
Derivatives, Fair Value [Line Items]
Derivative, term of contract (to not exceed)	12 months

Leases and Other Commitments - Long-Term Commitments (Details) $ in Millions	Apr. 01, 2022 USD ($)
Fiscal year:
Remaining three months of 2022	$ 162
2023	560
2024	309
2025	148
2026	20
Thereafter	170
Total	$ 1,369

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Disaggregation of Revenue [Line Items]
Revenue, net	$ 4,381	$ 4,137	$ 14,265	$ 12,002
Asia
Disaggregation of Revenue [Line Items]
Revenue, net	2,400	2,215	7,685	6,702
Americas
Disaggregation of Revenue [Line Items]
Revenue, net	1,377	1,009	4,398	3,033
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue, net	604	913	2,182	2,267
Cloud
Disaggregation of Revenue [Line Items]
Revenue, net	1,774	1,423	5,919	3,728
Client
Disaggregation of Revenue [Line Items]
Revenue, net	1,732	1,767	5,439	5,386
Consumer
Disaggregation of Revenue [Line Items]
Revenue, net	$ 875	$ 947	$ 2,907	$ 2,888

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) shares in Millions, $ in Millions	Total	Adoption of new accounting standards	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Retained Earnings Adoption of new accounting standards
Beginning balance (in shares) at Jul. 03, 2020			312	10
Beginning balance at Jul. 03, 2020	$ 9,551	$ (7)	$ 3	$ (737)	$ 3,717	$ (157)	$ 6,725	$ (7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(60)						(60)
Employee stock plans (in shares)				2
Employee stock plans	(40)			$ 216	(256)
Stock-based compensation	76				76
Actuarial pension gain	1					1
Foreign currency translation adjustment	32					32
Net unrealized gain (loss) on derivative contracts	23					23
Ending balance (in shares) at Oct. 02, 2020			312	8
Ending balance at Oct. 02, 2020	9,576		$ 3	$ (521)	3,537	(101)	6,658
Beginning balance (in shares) at Jul. 03, 2020			312	10
Beginning balance at Jul. 03, 2020	9,551	$ (7)	$ 3	$ (737)	3,717	(157)	6,725	$ (7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	199
Ending balance (in shares) at Apr. 02, 2021			312	6
Ending balance at Apr. 02, 2021	9,949		$ 3	$ (364)	3,603	(210)	6,917
Beginning balance (in shares) at Oct. 02, 2020			312	8
Beginning balance at Oct. 02, 2020	9,576		$ 3	$ (521)	3,537	(101)	6,658
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	62						62
Employee stock plans (in shares)				2
Employee stock plans	60			$ 131	(71)
Stock-based compensation	80				80
Actuarial pension gain	1					1
Foreign currency translation adjustment	34					34
Net unrealized gain (loss) on derivative contracts	16					16
Ending balance (in shares) at Jan. 01, 2021			312	6
Ending balance at Jan. 01, 2021	9,829		$ 3	$ (390)	3,546	(50)	6,720
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	197						197
Employee stock plans	0			$ 26	(26)
Stock-based compensation	83				83
Actuarial pension gain	2					2
Foreign currency translation adjustment	(95)					(95)
Net unrealized gain (loss) on derivative contracts	(67)					(67)
Ending balance (in shares) at Apr. 02, 2021			312	6
Ending balance at Apr. 02, 2021	9,949		$ 3	$ (364)	3,603	(210)	6,917
Beginning balance (in shares) at Jul. 02, 2021			312	4
Beginning balance at Jul. 02, 2021	10,721		$ 3	$ (232)	3,608	(197)	7,539
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	610						610
Employee stock plans (in shares)				3
Employee stock plans	(76)			$ 207	(283)
Stock-based compensation	76				76
Actuarial pension gain	1					1
Foreign currency translation adjustment	4					4
Net unrealized gain (loss) on derivative contracts	25					25
Ending balance (in shares) at Oct. 01, 2021			312	1
Ending balance at Oct. 01, 2021	11,361		$ 3	$ (25)	3,401	(167)	8,149
Beginning balance (in shares) at Jul. 02, 2021			312	4
Beginning balance at Jul. 02, 2021	10,721		$ 3	$ (232)	3,608	(197)	7,539
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,199
Ending balance (in shares) at Apr. 01, 2022			313	0
Ending balance at Apr. 01, 2022	11,984		$ 3	$ 0	3,600	(357)	8,738
Beginning balance (in shares) at Oct. 01, 2021			312	1
Beginning balance at Oct. 01, 2021	11,361		$ 3	$ (25)	3,401	(167)	8,149
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	564						564
Employee stock plans (in shares)			1	1
Employee stock plans	56			$ 25	31
Stock-based compensation	87				87
Foreign currency translation adjustment	(45)					(45)
Net unrealized gain (loss) on derivative contracts	(5)					(5)
Ending balance (in shares) at Dec. 31, 2021			313	0
Ending balance at Dec. 31, 2021	12,018		$ 3	$ 0	3,519	(217)	8,713
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25						25
Employee stock plans	(5)				(5)
Stock-based compensation	86				86
Actuarial pension gain	1					1
Foreign currency translation adjustment	(82)					(82)
Net unrealized gain (loss) on derivative contracts	(59)					(59)
Ending balance (in shares) at Apr. 01, 2022			313	0
Ending balance at Apr. 01, 2022	$ 11,984		$ 3	$ 0	$ 3,600	$ (357)	$ 8,738

Related Parties and Related Commitments and Contingencies - Equity Investments (Details) - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,417	$ 1,586
Flash Partners Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	51	191
Investments	182	199
Flash Alliance Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	130	213
Investments	266	293
Flash Forward Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	666	561
Investments	122	129
Flash Ventures
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,417	$ 1,586

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Apr. 01, 2022	Apr. 02, 2021	Apr. 01, 2022	Apr. 02, 2021
Income Statement [Abstract]
Revenue, net	$ 4,381	$ 4,137	$ 14,265	$ 12,002
Cost of revenue	3,200	3,046	9,836	9,047
Gross profit	1,181	1,091	4,429	2,955
Operating expenses:
Research and development	572	555	1,725	1,645
Selling, general and administrative	281	287	851	808
Employee termination, asset impairment, and other charges	4	(68)	24	(43)
Total operating expenses	857	774	2,600	2,410
Operating income	324	317	1,829	545
Interest and other income (expense):
Interest income	1	2	4	6
Interest expense	(75)	(81)	(229)	(246)
Other income, net	12	11	8	26
Total interest and other expense, net	(62)	(68)	(217)	(214)
Income before taxes	262	249	1,612	331
Income tax expense	237	52	413	132
Net income	$ 25	$ 197	$ 1,199	$ 199
Income per common share:
Basic (in dollars per share)	$ 0.08	$ 0.64	$ 3.84	$ 0.65
Diluted (in dollars per share)	$ 0.08	$ 0.63	$ 3.79	$ 0.65
Weighted average shares outstanding:
Basic (in shares)	313	306	312	305
Diluted (in shares)	316	313	316	308

Employee Termination, Asset Impairment and Other Charges (Tables)

9 Months Ended

Apr. 01, 2022

Postemployment Benefits [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company recorded the following charges related to these actions:


	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions)




Employee termination benefits	$	4	$	2	$	22	$	27



Asset impairments and losses (gains) on disposal of assets	—		(70)		2		(70)






Total employee termination, asset impairment, and other charges	$	4	$	(68)	$	24	$	(43)

The following table presents an analysis of the components of these activities against the reserve during the nine months ended April 1, 2022:


	Employee Termination Benefits
	(in millions)








Accrual balance at July 2, 2021	$	2
Charges	22
Cash payments	(20)

Accrual balance at April 1, 2022	$	4

Related Parties and Related Commitments and Contingencies - JV Lease Guarantees (Details) - Apr. 01, 2022 $ in Millions, ¥ in Billions	USD ($)	JPY (¥)
Operating lease guarantees \| Flash Ventures
Loss Contingencies [Line Items]
Total guarantee obligations	$ 1,897	¥ 223

Debt (Tables)

9 Months Ended

Apr. 01, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following as of April 1, 2022 and July 2, 2021:


	April 1, 2022		July 2, 2021
	(in millions)



Variable interest rate Term Loan A-1 maturing 2023	$	—	$	4,332




Variable interest rate Term Loan B-4 maturing 2023	—		1,093




1.50% convertible notes due 2024	1,100		1,100

4.75% senior unsecured notes due 2026	2,300		2,300
Variable interest rate Term Loan A-2 maturing 2027	2,850		—
2.85% senior unsecured notes due 2029	500		—
3.10% senior unsecured notes due 2032	500		—

Total debt	7,250		8,825
Issuance costs and debt discounts	(88)		(100)
Subtotal	7,162		8,725
Less current portion of long-term debt	(75)		(251)
Long-term debt	$	7,087	$	8,474

Fair Value Measurements and Investments (Tables)

9 Months Ended

Apr. 01, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis


	April 1, 2022
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	53	$	—	$	—	$	53


















Foreign exchange contracts	—		31		—		31


Total assets at fair value	$	53	$	31	$	—	$	84
Liabilities:
Foreign exchange contracts	$	—	$	188	$	—	$	188
Interest rate swap contracts	—		16		—		16

Total liabilities at fair value	$	—	$	204	$	—	$	204


	July 2, 2021
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	1,283	$	—	$	—	$	1,283


















Foreign exchange contracts	—		14		—		14


Total assets at fair value	$	1,283	$	14	$	—	$	1,297
Liabilities:
Foreign exchange contracts	$	—	$	65	$	—	$	65
Interest rate swap contracts	—		80		—		80

Total liabilities at fair value	$	—	$	145	$	—	$	145


	April 1, 2022				July 2, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)


Variable interest rate Term Loan A-1 maturing 2023	$	—	$	—	$	4,327	$	4,346


Variable interest rate Term Loan B-4 maturing 2023	—		—		1,093		1,094

1.50% convertible notes due 2024	1,040		1,063		1,017		1,173

4.75% senior unsecured notes due 2026	2,290		2,342		2,288		2,556
Variable interest rate Term Loan A-2 maturing 2027	2,843		2,802		—		—
2.85% senior unsecured notes due 2029	495		457		—		—
3.10% senior unsecured notes due 2032	494		445		—		—




Total	$	7,162	$	7,109	$	8,725	$	9,169