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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Convertible preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Convertible preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Convertible preferred stock, shares issued (in shares)	1,000,000	1,000,000
Convertible preferred stock, shares outstanding (in shares)	1,000,000	1,000,000
Convertible preferred stock, liquidation preference	$ 968	$ 924
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)	326,000,000	322,000,000
Common stock, shares outstanding (in shares)	326,000,000	322,000,000

Debt

9 Months Ended

Mar. 29, 2024

Debt Disclosure [Abstract]

Debt

Debt consisted of the following:


	March 29, 2024		June 30, 2023
	(in millions)













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

Variable interest rate Delayed Draw Term Loan due 2024	300		—
4.75% senior unsecured notes due 2026	2,300		2,300
Variable interest rate Term Loan A-2 maturing 2027	2,625		2,700
3.00% convertible notes due 2028	1,600		—
2.85% senior notes due 2029	500		500
3.10% senior notes due 2032	500		500
Total debt	7,825		7,100
Issuance costs	(57)		(30)
Subtotal	7,768		7,070
Less current portion of long-term debt	(450)		(1,213)
Long-term debt	$	7,318	$	5,857

In August 2023, the Company drew $600 million of principal amount (the “Delayed Draw Term Loan”) under a loan agreement entered into in January 2023 and amended in June 2023 (the “Delayed Draw Term Loan Agreement”), which allowed the Company to draw a single loan of up to $600 million through August 14, 2023. The Delayed Draw Term Loan will mature on June 28, 2024. The Company repaid $300 million principal amount of the Delayed Draw Term Loan during the nine months ended March 29, 2024.

The Delayed Draw Term Loan bears interest, at the Company’s option, at a per annum rate equal to either (x) the Adjusted Term SOFR Rate (as defined in the Delayed Draw Term Loan Agreement) plus an applicable margin varying from 1.750% to 2.625% or (y) a base rate plus an applicable margin varying from 0.750% to 1.625%, in each case depending on the corporate family ratings of the Company from at least two of Standard & Poor’s Ratings Services, Moody’s Investors Service, Inc. and Fitch Ratings, Inc. (the “Credit Rating Agencies”). The all-in interest rate for the Delayed Draw Term Loan as of March 29, 2024 was 7.550%.

During the three and nine months ended March 29, 2024, the Company made scheduled repayments of the Term Loan A-2 of $38 million and $75 million, respectively. 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 SOFR (as defined in the loan agreement governing the Term Loan A-2) 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 the Credit Rating Agencies, with an initial interest rate of Adjusted Term SOFR plus 1.500%. The all-in interest rate for Term Loan A-2 as of March 29, 2024 was 6.930%.

During the three and nine months ended March 29, 2024, the Company drew and repaid $300 million principal amount under its $2.25 billion revolving credit facility maturing in January 2027 (the “2027 Revolving Credit Facility”).

On March 25, 2024, the Company issued a standby letter of credit of $15 million, which reduced the Company’s 2027 Revolving Credit Facility’s capacity by the same amount to $2.24 billion as of March 29, 2024.

The loan agreements governing the Company’s 2027 Revolving Credit Facility, Term Loan A-2 maturing 2027, and the Delayed Draw Term Loan require the Company to comply with certain financial covenants, consisting of a leverage ratio, and a minimum liquidity requirement. As of March 29, 2024, the Company was in compliance with these financial covenants.

On November 3, 2023, the Company issued $1.60 billion aggregate principal amount of convertible senior notes which bear interest at an annual rate of 3.00% and mature on November 15, 2028, unless earlier repurchased, redeemed or converted (the “2028 Convertible Notes”). The Company is not required to make principal payments on the 2028 Convertible Notes prior to the maturity date. The 2028 Convertible Notes are jointly and severally guaranteed by each of the Company’s wholly-owned subsidiaries that guarantees the 4.75% senior unsecured notes due 2026 (currently, Western Digital Technologies, Inc.).

The 2028 Convertible Notes are convertible at the option of any holder at an initial conversion price of approximately $52.20 per share of common stock beginning August 15, 2028. Prior to that date, if the trading price of the Company’s common stock remains above 130% of the conversion price for at least 20 trading days (whether or not consecutive) during the 30 consecutive trading-day period prior to the end of a quarter, holders of the 2028 Convertible Notes would have the right to convert the 2028 Convertible Notes during the next succeeding calendar quarter. The 2028 Convertible Notes are also convertible prior to that date upon the occurrence of certain corporate events. Upon any conversion of the 2028 Convertible Notes, the Company will pay cash for the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of the Company’s common stock or a combination thereof, at the Company’s election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the notes being converted.

Net proceeds from the 2028 Convertible Notes were approximately $1,563 million after deducting issuance costs of approximately $37 million. Debt issuance costs are amortized to interest expense over the term of the 2028 Convertible Notes.

Contemporaneously with the issuance of the 2028 Convertible Notes, the Company entered into individually negotiated transactions with certain holders of the Company’s existing 2024 Convertible Notes to repurchase approximately $508 million aggregate principal amount of such notes at an immaterial discount.

In connection with the issuance of the 2028 Convertible Notes, the Company also entered into privately negotiated capped call transactions with certain counterparties (the “Capped Calls”). The Capped Calls each have a strike price of approximately $52.20 per share, subject to certain adjustments, which correspond to the initial conversion price of the 2028 Convertible Notes. The Capped Calls have initial cap prices of $70.26 per share, subject to certain adjustments. The Capped Calls cover, subject to anti-dilution adjustments, approximately 8 million shares of the Company’s common stock. The Company has the option to settle the Capped Calls in either shares, cash or a combination thereof. The Capped Calls are generally intended to reduce or offset the potential dilution to the Company’s common stock upon any conversion of the 2028 Convertible Notes with such reduction or offset, as the case may be, subject to a cap based on the cap price. However, if the market price per share of the Company’s common stock, as measured under the terms of the Capped Calls, exceeds the cap prices of the Capped Calls, there would nevertheless be dilution and/or there would not be an offset of such cash payments, in each case, to the extent that such market price exceeds the cap price of the Capped Calls. The Capped Calls are separate transactions, and not part of the terms of the 2028 Convertible Notes. As these transactions meet certain accounting criteria, the Capped Calls are recorded in stockholders’ equity and are not accounted for as derivatives. The cost of the Capped Calls of $155 million, net of $37 million in deferred tax assets, was recorded as a decrease to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets as of March 29, 2024.

On February 1, 2024, the Company settled all remaining 2024 Convertible Notes in accordance with their original terms for an aggregate cash principal payment of $592 million plus interest.

- 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.

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+ Details

Pension and Other Post-Retirement Benefit Plans - Additional Information (Details)	9 Months Ended
	Mar. 29, 2024
Retirement Benefits [Abstract]
Expected long-term rate of return on plan assets	2.50%

Income Tax Expense

9 Months Ended

Mar. 29, 2024

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 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.

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022, which contained significant law changes related to tax, climate, energy, and health care. The tax measures include, among other things, a corporate alternative minimum tax (“CAMT”) of 15% on corporations with three-year average annual adjusted financial statement income (“AFSI”) exceeding $1.0 billion. The corporate alternative minimum tax is effective for the Company beginning with fiscal year 2024. The Company is not subject to the CAMT of 15% for fiscal year 2024 as its average annual AFSI did not exceed $1.0 billion for the preceding three-year period.

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


	Three Months Ended					Nine Months Ended
	March 29, 2024			March 31, 2023		March 29, 2024			March 31, 2023
	($ in millions)
Income (loss) before taxes	$	178		(528)		$	(763)		(816)
Income tax expense	43			43		74			159
Effective tax rate	24		%	(8)	%	(10)		%	(19)	%

Beginning in 2023, the 2017 Act requires the Company to capitalize and amortize R&D expenses rather than expensing them in the year incurred. The tax effects related to the capitalization of R&D expenses are included in the effective tax rate for the three and nine months ended March 29, 2024 and March 31, 2023.

The primary drivers of the difference between the effective tax rate for the three and nine months ended March 29, 2024 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 have or will expire at various dates during years 2024 through 2031. On November 1, 2023, one of the Company’s tax holidays in Malaysia expired. The Company has applied for an extension and anticipates this extension, if granted, will be applied retroactively and begin on November 2, 2023. Because the exact terms of the extension are not currently known, the Company is applying the Malaysia corporate statutory tax rate on the expired tax holiday income. If a retroactive extension is granted, the Company will make an adjustment to its effective tax rate in that period. The effective tax rate for the three and nine months ended March 29, 2024 includes the discrete effect of a net increase of $35 million and $48 million to the liability for unrecognized tax benefits, which includes interest and offsetting tax benefits, related to transfer pricing matters, withholding taxes and certain tax deductions. This is offset in part by a net decrease of $7 million and $34 million to the liability for unrecognized tax benefits for the three and nine months ended March 29, 2024, which includes interest and offsetting tax benefits, as a result of adjustments to align with IRS calculations.

The primary drivers of the difference between the effective tax rate for the three and nine months ended March 31, 2023 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.

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 March 29, 2024 (in millions):


Accrual balance at June 30, 2023	$	1,021
Gross increases related to current year tax positions	23
Gross increases related to prior year tax positions	56
Gross decreases related to prior year tax positions	(28)
Settlements	(363)
Lapse of statute of limitations	(1)
Accrual balance at March 29, 2024	$	708

In addition to the amounts noted above, 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 March 29, 2024 were $173 million. Of the aggregate unrecognized tax benefits, including interest and penalties, as of March 29, 2024, approximately $719 million could result in potential cash payments and the Company believes it is reasonably likely that payments of approximately $182 million may be made within the next twelve months and has classified that portion of these unrecognized tax benefits, including interest, in Income taxes payable on the Condensed Consolidated Balance Sheets as of March 29, 2024. The remaining payables related to unrecognized tax benefits are included in Other liabilities on the Condensed Consolidated Balance Sheets as of March 29, 2024.

The Company had previously reached a final agreement with the IRS regarding notices of deficiency with respect to years 2008 through 2012 and in February 2024, also reached a final agreement for resolving the notices of proposed adjustments with respect to years 2013 through 2015. During the nine months ended March 29, 2024, the Company made payments of $363 million for tax and $160 million for interest with respect to years 2008 through 2012 and recorded adjustments to align with IRS calculations, resulting in a remaining liability of $182 million as of March 29, 2024 related to all years from 2008 through 2015. The Company expects to pay any remaining balance with respect to this matter within the next twelve months.

In connection with settlements for the years 2008 through 2015, the Company expects to realize reductions to its mandatory deemed repatriation tax obligations and tax savings from interest deductions in future years aggregating to approximately $164 million. Of this amount, $34 million of the interest savings from the interest paid with respect to years 2008 through 2012 is classified as a deferred tax asset due to interest expense limitation rules.

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. As of March 29, 2024, with the exception of the IRS matter discussed above, it was not possible to estimate the amount of change, if any, in the unrecognized tax benefits that is reasonably possible within the next twelve months. Any significant change in the amount of the Company’s 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

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+ Details

Related Parties and Related Commitments and Contingencies - Schedule of Variable Interest Entity Maximum Loss Exposure (Details) - Mar. 29, 2024 - Related Party $ in Millions, ¥ in Billions	USD ($)	JPY (¥)
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	$ 3,576
Notes receivable
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	556
Equity investments
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	543
Operating lease guarantees
Guarantor Obligations [Line Items]
Operating lease guarantees	1,431	¥ 216
Inventory and prepayments
Guarantor Obligations [Line Items]
Inventory and prepayments	$ 1,046

Derivative Instruments and Hedging Activities (Details)	9 Months Ended
Derivative Instruments and Hedging Activities (Details)	Mar. 29, 2024
Foreign Exchange Forward Contracts Designated
Derivatives, Fair Value [Line Items]
Derivative, term of contract (to not exceed) (in months)	12 months

Pension and Other Post-Retirement Benefit Plans - Schedule of Obligations and Funded Status (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Benefit obligation at end of period	$ 258	$ 273
Fair value of plan assets at end of period	176	185
Unfunded status	$ 82	$ 88

- 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

Related Parties and Related Commitments and Contingencies - Schedule of Remaining Guarantee Obligations (Details) - Equity Method Investee $ in Millions	Mar. 29, 2024 USD ($)
Guarantor Obligations [Line Items]
Remaining three months of 2024	$ 137
2025	369
2026	478
2027	255
2028	147
2029	45
Total guarantee obligations	1,431
Payment of Principal Amortization
Guarantor Obligations [Line Items]
Remaining three months of 2024	110
2025	290
2026	359
2027	154
2028	50
2029	6
Total guarantee obligations	969
Purchase Option Exercise Price at Final Lease Terms
Guarantor Obligations [Line Items]
Remaining three months of 2024	27
2025	79
2026	119
2027	101
2028	97
2029	39
Total guarantee obligations	$ 462

Business Segments, Geographic Information, and Concentrations of Risk (Tables)

9 Months Ended

Mar. 29, 2024

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
	March 29, 2024			March 31, 2023			March 29, 2024			March 31, 2023
	$ in millions
Revenue, net:
Flash	$	1,705		$	1,307		$	4,926		$	4,686
HDD	1,752			1,496			4,313			4,960
Total net revenue	$	3,457		$	2,803		$	9,239		$	9,646
Gross profit:
Flash	$	467		$	(65)		$	437		$	597
HDD	545			363			1,157			1,237
Total gross profit for segments	1,012			298			1,594			1,834
Unallocated corporate items:
Stock-based compensation expense	(11)			(12)			(37)			(38)
Amortization of acquired intangible assets	(1)			—			(2)			(1)
Recovery from contamination incident	1			—			37			—



Total unallocated corporate items	(11)			(12)			(2)			(39)
Consolidated gross profit	$	1,001		$	286		$	1,592		$	1,795
Gross margin:
Flash	27.4		%	(5.0)		%	8.9		%	12.7		%
HDD	31.1		%	24.3		%	26.8		%	24.9		%

Consolidated gross margin	29.0		%	10.2		%	17.2		%	18.6		%

Schedule of Disaggregation of Revenue

The Company’s disaggregated revenue information is as follows:



	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)





Revenue by end market
Cloud	$	1,553	$	1,205	$	3,496	$	4,258
Client	1,174		975		3,443		3,293
Consumer	730		623		2,300		2,095
Total revenue	$	3,457	$	2,803	$	9,239	$	9,646

Revenue by geography
Asia	$	1,740	$	1,353	$	4,990	$	4,533
Americas	1,154		935		2,620		3,448
Europe, Middle East and Africa	563		515		1,629		1,665
Total revenue	$	3,457	$	2,803	$	9,239	$	9,646

Schedule of Goodwill

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


	Flash		HDD		Total
	(in millions)
Balance at June 30, 2023	$	5,716	$	4,321	$	10,037

Foreign currency translation adjustment	(2)		(1)		(3)

Balance at March 29, 2024	$	5,714	$	4,320	$	10,034

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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-Topic 350
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Pension and Other Post-Retirement Benefit Plans - Schedule of Unfunded Amounts Recognized on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Current liabilities	$ 1	$ 1
Non-current liabilities	81	87
Net amount recognized	$ 82	$ 88

Leases and Other Commitments (Tables)

9 Months Ended

Mar. 29, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of March 29, 2024:


	Lease Amounts
	($ in millions)
Minimum lease payments by year:
Remaining three months of 2024	$	17
2025	67
2026	68
2027	60
2028	52
Thereafter	329
Total future minimum lease payments	593
Less: Imputed interest	164
Present value of lease liabilities	429
Less: Current portion (included in Accrued expenses)	47
Long-term operating lease liabilities (included in Other liabilities )	$	382

Operating lease right-of-use assets (included in Other non-current assets)	$	408

Weighted average remaining lease term in years	10.0
Weighted average discount rate	6.0		%

Schedule of Supplemental Cash Flow

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


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Cost of operating leases	$	15	$	15	$	47	$	43
Cash paid for operating leases	17		12		49		38
Operating lease assets obtained in exchange for operating lease liabilities	1		10		178		14

Schedule of Minimum Long-Term Commitments

As of March 29, 2024, the Company had the following minimum long-term commitments:


	Long-Term Commitments
	(in millions)
Year:
Remaining three months of 2024	$	45
2025	172
2026	96
2027	59
2028	20
Thereafter	130
Total	$	522

Pension and Other Post-Retirement Benefit Plans (Tables)

9 Months Ended

Mar. 29, 2024

Retirement Benefits [Abstract]

Schedule of Obligations and Funded Status

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


	March 29, 2024		June 30, 2023
	(in millions)











Benefit obligation at end of period	$	258	$	273









Fair value of plan assets at end of period	176		185
Unfunded status	$	82	$	88

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:


	March 29, 2024		June 30, 2023
	(in millions)
Current liabilities	$	1	$	1
Non-current liabilities	81		87
Net amount recognized	$	82	$	88

Organization and Basis of Presentation - Additional Information (Details)	9 Months Ended
	Mar. 29, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Shareholders' Equity and Convertible Preferred Stock

9 Months Ended

Mar. 29, 2024

Share-Based Payment Arrangement [Abstract]

Shareholders' Equity and Convertible Preferred Stock

Shareholders’ Equity and Convertible Preferred Stock

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
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)

RSUs and PSUs	$	65	$	63	$	198	$	217
ESPP	12		11		28		29
Total	$	77	$	74	$	226	$	246


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Cost of revenue	$	11	$	12	$	37	$	38
Research and development	36		37		102		116
Selling, general and administrative	30		25		87		92

Subtotal	77		74		226		246
Tax benefit	(10)		(11)		(30)		(35)
Total	$	67	$	63	$	196	$	211

Any shortfalls or excess 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 are generally 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 March 29, 2024:


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

RSUs and PSUs (1)	$	454	2.4
ESPP	33		0.7
Total unamortized compensation cost	$	487

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

Plan Activities

Stock Options

The following table summarizes stock option activity under the Company’s incentive plans. As of March 29, 2024, there were no remaining outstanding options.


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






























Options outstanding at June 30, 2023	0.3	$	44.95	0.10



Canceled or expired	(0.3)	44.95
Options outstanding at March 29, 2024	—	$	—

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 June 30, 2023	13.8	$	46.56
Granted	5.7	38.31

Vested	(4.9)	47.62		$	228
Forfeited	(1.4)	45.76
RSUs and PSUs outstanding at March 29, 2024	13.2	$	43.36

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.

Convertible Preferred Stock

On January 31, 2023, the Board of Directors of the Company authorized the designation of 900,000 shares of Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “Preferred Shares”), from the Company’s existing five million authorized but unissued shares of preferred stock and issued the Preferred Shares through a private placement for an aggregate purchase price of $900 million, less issuance costs of $24 million. The Preferred Shares accrue a cumulative preferred dividend at an annual rate of 6.25% per annum (increasing to 7.25% per annum on January 31, 2030 and to 8.25% per annum on January 31, 2033) compounded on a quarterly basis. The Preferred Shares also participate in any dividends declared for common shareholders on an as-converted equivalent basis. No dividends have been declared or paid since the issuance of the Preferred Shares. As of March 29, 2024 and June 30, 2023, unpaid and cumulative dividends payable with respect to the Preferred Shares were $68 million and $24 million, respectively.

As of March 29, 2024 and June 30, 2023, the Preferred Shares outstanding had an aggregate liquidation preference of $968 million and $924 million, respectively, and would have been convertible, if otherwise permitted, into approximately 20 million shares of common stock on each such date.

Leases and Other Commitments - Schedule of Supplemental Balance Sheet Disclosures (Details) $ in Millions	Mar. 29, 2024 USD ($)
Minimum lease payments by year:
Remaining three months of 2024	$ 17
2025	67
2026	68
2027	60
2028	52
Thereafter	329
Total future minimum lease payments	593
Less: Imputed interest	164
Present value of lease liabilities	$ 429
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Less: Current portion (included in Accrued expenses)	$ 47
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Long-term operating lease liabilities (included in Other liabilities )	$ 382
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets
Operating lease right-of-use assets (included in Other non-current assets)	$ 408
Weighted average remaining lease term in years	10 years
Weighted average discount rate	6.00%

Income Tax Expense - Schedule of Income Tax Contingencies (Details) $ in Millions	9 Months Ended
	Mar. 29, 2024 USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit, beginning balance	$ 1,021
Gross increases related to current year tax positions	23
Gross increases related to prior year tax positions	56
Gross decreases related to prior year tax positions	(28)
Settlements	(363)
Lapse of statute of limitations	(1)
Unrecognized tax benefit, ending balance	$ 708

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue, net	$ 3,457	$ 2,803	$ 9,239	$ 9,646
Cost of revenue	2,456	2,517	7,647	7,851
Gross profit	1,001	286	1,592	1,795
Operating expenses:
Research and development	494	476	1,369	1,551
Selling, general and administrative	203	242	608	739
Employee termination, asset impairment, and other	8	40	89	140
Business separation costs	23	0	59	0
Total operating expenses	728	758	2,125	2,430
Operating income (loss)	273	(472)	(533)	(635)
Interest and other expense:
Interest income	10	10	30	15
Interest expense	(108)	(80)	(314)	(223)
Other income, net	3	14	54	27
Total interest and other expense, net	(95)	(56)	(230)	(181)
Income (loss) before taxes	178	(528)	(763)	(816)
Income tax expense	43	43	74	159
Net income (loss)	135	(571)	(837)	(975)
Less: cumulative dividends allocated to preferred shareholders	15	9	44	9
Less: income attributable to preferred shareholders	7	0	0	0
Net income (loss) attributable to common shareholders	$ 113	$ (580)	$ (881)	$ (984)
Net income (loss) per common share:
Basic (in dollars per share)	$ 0.35	$ (1.82)	$ (2.72)	$ (3.09)
Diluted (in dollars per share)	$ 0.34	$ (1.82)	$ (2.72)	$ (3.09)
Weighted average shares outstanding:
Basic (in shares)	326	319	324	318
Diluted (in shares)	335	319	324	318

Business Segments, Geographic Information, and Concentrations of Risk - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue, net	$ 3,457	$ 2,803	$ 9,239	$ 9,646
Gross profit	1,001	286	1,592	1,795
Stock-based compensation expense			226	246
Total operating expenses	728	758	2,125	2,430
Consolidated gross profit	$ 1,001	$ 286	$ 1,592	$ 1,795
Gross margin, percentage	29.00%	10.20%	17.20%	18.60%
Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 3,457	$ 2,803	$ 9,239	$ 9,646
Gross profit	1,012	298	1,594	1,834
Consolidated gross profit	1,012	298	1,594	1,834
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Stock-based compensation expense	(11)	(12)	(37)	(38)
Amortization of acquired intangible assets	(1)	0	(2)	(1)
Recovery from contamination incident	1	0	37	0
Total operating expenses	$ (11)	$ (12)	$ (2)	$ (39)
Flash
Segment Reporting Information [Line Items]
Gross margin, percentage	27.40%	(5.00%)	8.90%	12.70%
Flash \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 1,705	$ 1,307	$ 4,926	$ 4,686
Gross profit	467	(65)	437	597
Consolidated gross profit	$ 467	$ (65)	$ 437	$ 597
HDD
Segment Reporting Information [Line Items]
Gross margin, percentage	31.10%	24.30%	26.80%	24.90%
HDD \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 1,752	$ 1,496	$ 4,313	$ 4,960
Gross profit	545	363	1,157	1,237
Consolidated gross profit	$ 545	$ 363	$ 1,157	$ 1,237

Fair Value Measurements and Investments - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Assets:
Total assets at fair value	$ 369	$ 406
Liabilities:
Total liabilities at fair value	142	192
Foreign exchange contracts
Liabilities:
Derivative liability	142	192
Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	333	371
Certificates of deposit
Assets:
Short-term investments - Certificates of deposit	27
Foreign exchange contracts
Assets:
Foreign exchange contracts	9	35
Level 1
Assets:
Total assets at fair value	360	371
Liabilities:
Total liabilities at fair value	0	0
Level 1 \| Foreign exchange contracts
Liabilities:
Derivative liability	0	0
Level 1 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	333	371
Level 1 \| Certificates of deposit
Assets:
Short-term investments - Certificates of deposit	27
Level 1 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	0	0
Level 2
Assets:
Total assets at fair value	9	35
Liabilities:
Total liabilities at fair value	142	192
Level 2 \| Foreign exchange contracts
Liabilities:
Derivative liability	142	192
Level 2 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 2 \| Certificates of deposit
Assets:
Short-term investments - Certificates of deposit	0
Level 2 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	9	35
Level 3
Assets:
Total assets at fair value	0	0
Liabilities:
Total liabilities at fair value	0	0
Level 3 \| Foreign exchange contracts
Liabilities:
Derivative liability	0	0
Level 3 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 3 \| Certificates of deposit
Assets:
Short-term investments - Certificates of deposit	0
Level 3 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	$ 0	$ 0

Pension and Other Post-Retirement Benefit Plans

9 Months Ended

Mar. 29, 2024

Retirement Benefits [Abstract]

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 the 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:


	March 29, 2024		June 30, 2023
	(in millions)











Benefit obligation at end of period	$	258	$	273









Fair value of plan assets at end of period	176		185
Unfunded status	$	82	$	88

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


	March 29, 2024		June 30, 2023
	(in millions)
Current liabilities	$	1	$	1
Non-current liabilities	81		87
Net amount recognized	$	82	$	88

Net periodic benefit costs were not material for the three and nine months ended March 29, 2024.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Mar. 29, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023			March 29, 2024		March 31, 2023
	(in millions, except per share data)
Net income (loss)	$	135	$	(571)		$	(837)	$	(975)
Less: cumulative dividends on Preferred Stock	15		9			44		9
Less: income attributable to participating securities(1)	7		—			—		—
Net income (loss) attributable to common shareholders	$	113	$	(580)		$	(881)	$	(984)


Weighted average shares outstanding:
Basic	326		319			324		318
RSUs, PSUs, ESPP, and the convertible notes	9		—			—		—
Diluted	335		319			324		318
Net income (loss) per common share
Basic	$	0.35	$	(1.82)		$	(2.72)	$	(3.09)
Diluted	$	0.34	$	(1.82)		$	(2.72)	$	(3.09)
Anti-dilutive potential common shares excluded	—		15			13		15

(1) Preferred Stock represents participating securities because they participate in any dividends on shares of common stock on a pari passu, pro rata basis. Preferred Stock does not participate in undistributed net losses.

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Jul. 01, 2022	0
Beginning balance at Jul. 01, 2022	$ 0
Ending balance (in shares) at Sep. 30, 2022	0
Ending balance at Sep. 30, 2022	$ 0
Common stock, beginning balance (in shares) at Jul. 01, 2022			315
Beginning balance at Jul. 01, 2022	12,323	$ (37)	$ 3	$ 3,733	$ (128)	$ (579)	$ 9,166	$ 91
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	47						47
Employee stock plans (in shares)			3
Employee stock plans	(50)			(50)
Stock-based compensation	86			86
Foreign currency translation adjustment	(87)					(87)
Net unrealized gain (loss) on derivative contracts	(60)					(60)
Common stock, ending balance (in shares) at Sep. 30, 2022			318
Ending balance at Sep. 30, 2022	$ 12,222		$ 3	3,641		(726)	9,304
Beginning balance (in shares) at Jul. 01, 2022	0
Beginning balance at Jul. 01, 2022	$ 0
Ending balance (in shares) at Mar. 31, 2023	1
Ending balance at Mar. 31, 2023	$ 876
Common stock, beginning balance (in shares) at Jul. 01, 2022			315
Beginning balance at Jul. 01, 2022	12,323	$ (37)	$ 3	3,733	$ (128)	(579)	9,166	$ 91
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	(975)
Common stock, ending balance (in shares) at Mar. 31, 2023			320
Ending balance at Mar. 31, 2023	$ 11,741		$ 3	3,831		(375)	8,282
Beginning balance (in shares) at Sep. 30, 2022	0
Beginning balance at Sep. 30, 2022	$ 0
Ending balance (in shares) at Dec. 30, 2022	0
Ending balance at Dec. 30, 2022	$ 0
Common stock, beginning balance (in shares) at Sep. 30, 2022			318
Beginning balance at Sep. 30, 2022	12,222		$ 3	3,641		(726)	9,304
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	(451)						(451)
Employee stock plans (in shares)			1
Employee stock plans	43			43
Stock-based compensation	86			86
Foreign currency translation adjustment	117					117
Net unrealized gain (loss) on derivative contracts	228					228
Common stock, ending balance (in shares) at Dec. 30, 2022			319
Ending balance at Dec. 30, 2022	$ 12,245		$ 3	3,770		(381)	8,853
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Convertible preferred stock, net of issuance costs (in shares)	1
Issuance of convertible preferred stock, net of issuance costs	$ 876
Ending balance (in shares) at Mar. 31, 2023	1
Ending balance at Mar. 31, 2023	$ 876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	(571)						(571)
Employee stock plans (in shares)			1
Employee stock plans	(13)			(13)
Stock-based compensation	74			74
Actuarial pension gain	(1)					(1)
Foreign currency translation adjustment	(9)					(9)
Net unrealized gain (loss) on derivative contracts	16					16
Common stock, ending balance (in shares) at Mar. 31, 2023			320
Ending balance at Mar. 31, 2023	$ 11,741		$ 3	3,831		(375)	8,282
Beginning balance (in shares) at Jun. 30, 2023	1
Beginning balance at Jun. 30, 2023	$ 876
Ending balance (in shares) at Sep. 29, 2023	1
Ending balance at Sep. 29, 2023	$ 876
Common stock, beginning balance (in shares) at Jun. 30, 2023	322		322
Beginning balance at Jun. 30, 2023	$ 10,964		$ 3	3,936		(548)	7,573
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	(685)						(685)
Employee stock plans (in shares)			2
Employee stock plans	(43)			(43)
Stock-based compensation	77			77
Foreign currency translation adjustment	(38)					(38)
Net unrealized gain (loss) on derivative contracts	(45)					(45)
Common stock, ending balance (in shares) at Sep. 29, 2023			324
Ending balance at Sep. 29, 2023	$ 10,230		$ 3	3,970		(631)	6,888
Beginning balance (in shares) at Jun. 30, 2023	1
Beginning balance at Jun. 30, 2023	$ 876
Ending balance (in shares) at Mar. 29, 2024	1
Ending balance at Mar. 29, 2024	$ 876
Common stock, beginning balance (in shares) at Jun. 30, 2023	322		322
Beginning balance at Jun. 30, 2023	$ 10,964		$ 3	3,936		(548)	7,573
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	$ (837)
Common stock, ending balance (in shares) at Mar. 29, 2024	326		326
Ending balance at Mar. 29, 2024	$ 10,121		$ 3	4,018		(636)	6,736
Beginning balance (in shares) at Sep. 29, 2023	1
Beginning balance at Sep. 29, 2023	$ 876
Ending balance (in shares) at Dec. 29, 2023	1
Ending balance at Dec. 29, 2023	$ 876
Common stock, beginning balance (in shares) at Sep. 29, 2023			324
Beginning balance at Sep. 29, 2023	10,230		$ 3	3,970		(631)	6,888
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	(287)						(287)
Employee stock plans (in shares)			2
Employee stock plans	33			33
Stock-based compensation	72			72
Purchase of capped calls related to the issuance of convertible notes, net of tax	(118)			(118)
Foreign currency translation adjustment	58					58
Net unrealized gain (loss) on derivative contracts	80					80
Common stock, ending balance (in shares) at Dec. 29, 2023			326
Ending balance at Dec. 29, 2023	$ 10,068		$ 3	3,957		(493)	6,601
Ending balance (in shares) at Mar. 29, 2024	1
Ending balance at Mar. 29, 2024	$ 876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net(loss) income	135						135
Employee stock plans	(16)			(16)
Stock-based compensation	77			77
Foreign currency translation adjustment	(75)					(75)
Net unrealized gain (loss) on derivative contracts	$ (68)					(68)
Common stock, ending balance (in shares) at Mar. 29, 2024	326		326
Ending balance at Mar. 29, 2024	$ 10,121		$ 3	$ 4,018		$ (636)	$ 6,736

Supplemental Financial Statement Data - Schedule of Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Property, plant and equipment:
Property, plant and equipment, gross	$ 12,036	$ 12,250
Accumulated depreciation	(8,783)	(8,630)
Property, plant and equipment, net	3,253	3,620
Land
Property, plant and equipment:
Property, plant and equipment, gross	235	269
Buildings and improvements
Property, plant and equipment:
Property, plant and equipment, gross	1,826	1,955
Machinery and equipment
Property, plant and equipment:
Property, plant and equipment, gross	8,655	8,704
Computer equipment and software
Property, plant and equipment:
Property, plant and equipment, gross	473	470
Furniture and fixtures
Property, plant and equipment:
Property, plant and equipment, gross	54	54
Construction-in-process
Property, plant and equipment:
Property, plant and equipment, gross	$ 793	$ 798

Supplier Finance Program	9 Months Ended
Supplier Finance Program	Mar. 29, 2024
Payables and Accruals [Abstract]
Supplier Finance Program	Supplier Finance Program The Company maintains a voluntary supplier finance program that provides participating suppliers with enhanced receivable options. The program allows participating suppliers of the Company, at their sole discretion and cost, to sell their receivables due from the Company to a third-party financial institution and receive early payment at terms negotiated between the supplier and the third-party financial institution. The Company’s vendor payment terms and amounts are not impacted by a supplier’s decision to participate in this program. The Company’s current payment terms with its suppliers under these programs generally range from 60 to 90 days and payment terms that the Company negotiates with its suppliers are not impacted by whether a supplier participates in the program. The Company does not provide any guarantees to any third parties and no assets are pledged in connection with the arrangements. The Company’s outstanding payment obligations to vendors eligible to participate under its supplier finance program were $37 million and $38 million as of March 29, 2024 and June 30, 2023, respectively, and are included within Accounts payable on the Company’s Condensed Consolidated Balance Sheets.

Fair Value Measurements and Investments (Tables)

9 Months Ended

Mar. 29, 2024

Fair Value Disclosures [Abstract]

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

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 March 29, 2024 and June 30, 2023, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:


	March 29, 2024
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	333	$	—	$	—	$	333



Short-term investments - Certificates of deposit	27		—		—		27














Foreign exchange contracts	—		9		—		9


Total assets at fair value	$	360	$	9	$	—	$	369
Liabilities:
Foreign exchange contracts	$	—	$	142	$	—	$	142


Total liabilities at fair value	$	—	$	142	$	—	$	142


	June 30, 2023
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	371	$	—	$	—	$	371


















Foreign exchange contracts	—		35		—		35


Total assets at fair value	$	371	$	35	$	—	$	406
Liabilities:
Foreign exchange contracts	$	—	$	192	$	—	$	192


Total liabilities at fair value	$	—	$	192	$	—	$	192

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 2024 and the fourth quarter of 2023, respectively.


	March 29, 2024				June 30, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)
1.50% convertible notes due 2024	$	—	$	—	$	1,099	$	1,067
Variable interest rate Delayed Draw Term Loan due 2024	300		300		—		—
4.75% senior unsecured notes due 2026	2,295		2,253		2,293		2,193
Variable interest rate Term Loan A-2 maturing 2027	2,615		2,556		2,687		2,661
3.00% convertible notes due 2028	1,566		2,351		—		—
2.85% senior notes due 2029	496		436		496		400
3.10% senior notes due 2032	496		403		495		371
Total	$	7,768	$	8,299	$	7,070	$	6,692

Shareholders' Equity and Convertible Preferred Stock - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 77	$ 74	$ 226	$ 246
Tax benefit	(10)	(11)	(30)	(35)
Total	67	63	196	211
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	11	12	37	38
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	36	37	102	116
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	30	25	87	92
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	65	63	198	217
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 12	$ 11	$ 28	$ 29

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revision of Previously Issued Financial Statements - Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income (loss)	$ 135	$ (287)	$ (685)	$ (571)	$ (451)	$ 47	$ (837)	$ (975)
Deferred income taxes							(120)	30
Other non-cash operating activities, net							24	(8)
Other assets and liabilities, net							(178)	(163)
Net cash used in operating activities							$ (660)	(340)
As Previously Reported
Cash flows from operating activities
Net income (loss)				(572)				(991)
Deferred income taxes								34
Other non-cash operating activities, net								6
Other assets and liabilities, net								(165)
Net cash used in operating activities								(340)
Adjustment
Cash flows from operating activities
Net income (loss)				$ 1				16
Deferred income taxes								(4)
Other non-cash operating activities, net								(14)
Other assets and liabilities, net								2
Net cash used in operating activities								$ 0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Net Income (Loss) Per Common Share

9 Months Ended

Mar. 29, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

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


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023			March 29, 2024		March 31, 2023
	(in millions, except per share data)
Net income (loss)	$	135	$	(571)		$	(837)	$	(975)
Less: cumulative dividends on Preferred Stock	15		9			44		9
Less: income attributable to participating securities(1)	7		—			—		—
Net income (loss) attributable to common shareholders	$	113	$	(580)		$	(881)	$	(984)


Weighted average shares outstanding:
Basic	326		319			324		318
RSUs, PSUs, ESPP, and the convertible notes	9		—			—		—
Diluted	335		319			324		318
Net income (loss) per common share
Basic	$	0.35	$	(1.82)		$	(2.72)	$	(3.09)
Diluted	$	0.34	$	(1.82)		$	(2.72)	$	(3.09)
Anti-dilutive potential common shares excluded	—		15			13		15

Basic net income (loss) per share attributable to common shareholders is computed using (i) net income (loss) less (ii) dividends paid to holders of Preferred Shares less (iii) net income (loss) attributable to participating securities divided by (iv) weighted average basic shares outstanding. Diluted net income or loss per share attributable to common shareholders is computed as (i) basic net income (loss) attributable to common shareholders plus (ii) diluted adjustments to income allocable to participating securities divided by (iii) weighted average diluted shares outstanding. The "if-converted" method is used to determine the dilutive impact for the convertible notes and the Preferred Shares. The treasury stock method is used to determine the dilutive impact of unvested equity awards.

Potentially dilutive common shares include dilutive outstanding employee stock options, RSUs and PSUs, rights to purchase shares of common stock under the Company’s ESPP, shares issuable in connection with the Company’s convertible notes, and the Preferred Shares. For the three months ended March 29, 2024, all common shares subject to outstanding equity awards are included in the calculation of diluted shares based on the Company’s average stock price during the period. For the three months ended March 31, 2023 and the nine months ended March 29, 2024 and March 31, 2023, the Company recorded a net loss, and all shares subject to outstanding equity awards were excluded from the calculation of diluted shares for those periods because their impact would have been anti-dilutive.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Mar. 29, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In September 2022, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) No. 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”, which requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU requires the Company to provide disclosure of outstanding obligations to such suppliers for all balance sheet dates presented beginning with the Company’s first quarter of 2024 and to provide certain rollforward information related to those obligations beginning in the Company’s first fiscal quarter of 2025. The ASU does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. The Company adopted the guidance on the first day of fiscal year 2024, except for the rollforward information, which the Company is compiling and intends to provide beginning in fiscal year 2025. See Note 15, Supplier Finance Program, of the Notes to Condensed Consolidated Financial Statements for information regarding the supplier finance program. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which expands on segment reporting requirements primarily through enhanced disclosures surrounding significant segment expenses. The ASU expands on existing segment reporting requirements to require that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to an entity's CODM, a description of other segment items by reportable segment, and any additional measures of a segment's profit or loss used by the CODM when deciding how to allocate resources. These incremental disclosures will be required beginning with the Company’s financial statements for the year ending June 27, 2025. The Company expects to provide any required disclosures at that time. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The ASU calls for enhanced income tax disclosure requirements surrounding the tabular rate reconciliation and income taxes paid. The amendments are effective for the Company’s fiscal year 2026, with early adoption permitted. The Company is currently compiling the information required for these disclosures. These incremental disclosures will be required beginning with the Company’s financial statements for the year ending June 27, 2025. The Company expects to provide any required disclosures at that time.

- 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.

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+ Details

Revision of Previously Issued Financial Statements - Condensed Consolidated Statement of Shareholders’ Equity (Details) - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Jul. 01, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity	$ 10,121	$ 10,068	$ 10,230	$ 10,964	$ 11,741	$ 12,245	$ 12,222	$ 12,323
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity	6,736	6,601	6,888	7,573	8,282	8,853	9,304	9,166
Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity	(636)	$ (493)	$ (631)	(548)	(375)	$ (381)	$ (726)	$ (579)
Foreign Currency Translation Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity	$ (443)			$ (389)	(9)
As Previously Reported \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					8,139
As Previously Reported \| Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					(362)
As Previously Reported \| Foreign Currency Translation Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					(8)
Adjustment \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					143
Adjustment \| Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					(13)
Adjustment \| Foreign Currency Translation Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total shareholders’ equity					$ (1)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

Related Parties and Related Commitments and Contingencies

9 Months Ended

Mar. 29, 2024

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:


	March 29, 2024		June 30, 2023
	(in millions)
Notes receivable, Flash Partners	$	—	$	37
Notes receivable, Flash Alliance	—		48
Notes receivable, Flash Forward	556		709
Investment in Flash Partners	157		161
Investment in Flash Alliance	234		276
Investment in Flash Forward	152		179
Total notes receivable and investments in Flash Ventures	$	1,099	$	1,410

During the three and nine months ended March 29, 2024 and March 31, 2023, the Company made net payments to Flash Ventures of $0.7 billion and $2.5 billion, and $1.2 billion and $3.2 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 March 29, 2024 and June 30, 2023, the Company had accounts payable balances due to Flash Ventures of $310 million and $292 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 March 29, 2024, 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.


	March 29, 2024
	(in millions)
Notes receivable	$	556
Equity investments	543
Operating lease guarantees	1,431
Inventory and prepayments	1,046
Maximum estimable loss exposure	$	3,576

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.

Flash Ventures has historically operated near 100% of its manufacturing capacity. As a result of flash market conditions, during the second half of 2023 and the first two quarters of 2024, the Company temporarily reduced its utilization of its share of Flash Ventures’ manufacturing capacity to an abnormally low level during that period to more closely align the Company’s flash-based wafer supply with projected demand. During the nine months ended March 29, 2024, the Company incurred costs of $249 million associated with the reduction in utilization related to Flash Ventures, which was recorded as a charge to Cost of revenue. No such charges were incurred during the three months ended March 29, 2024 nor the three and nine months ended March 31, 2023.

In February 2022, contamination of certain material used in manufacturing processes occurred at Flash Ventures’ fabrication facilities in both Yokkaichi and Kitakami, Japan which resulted in damage to inventory units in production, a temporary disruption to production operations and a reduction in the Company’s flash wafer availability. During 2022, the Company incurred charges of $207 million related to this contamination incident that were recorded in Cost of revenue and primarily consisted of scrapped inventory and rework costs, decontamination and other costs needed to restore the facilities to normal capacity, as well as charges for under absorption of overhead costs. During the three months ended December 29, 2023, the Company received a recovery of $36 million related to this incident from its insurance carriers, which was recorded in Cost of revenue. The Company continues to pursue recovery of its remaining losses associated with this event; however, the total amount of recovery cannot be estimated at this time.

The Company has facility agreements with Kioxia related to the construction and operation of Kioxia’s “K1” 300-millimeter wafer fabrication facility in Kitakami, Japan and a wafer fabrication facility in Yokkaichi, Japan, referred to as “Y7”. In connection with the start-up of these facilities, the Company has made prepayments toward future building depreciation. As of March 29, 2024, such prepayments aggregated $496 million and will be credited against future wafer charges.

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 March 29, 2024.


	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	216	$	1,431

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 March 29, 2024 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of March 29, 2024:


Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Remaining three months of 2024	$	110	$	27	$	137
2025	290		79		369
2026	359		119		478
2027	154		101		255
2028	50		97		147
2029	6		39		45
Total guarantee obligations	$	969	$	462	$	1,431

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 March 29, 2024, no amounts had 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 March 29, 2024, the Company recognized approximately 4% of its consolidated revenue on products distributed by the Unis Venture. For both the three and nine months ended March 31, 2023, 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 10% and 8% of Accounts receivable, net as of both March 29, 2024 and June 30, 2023, respectively.

Legal Proceedings	9 Months Ended
Legal Proceedings	Mar. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings Tax For disclosures regarding the status of statutory notices of deficiency issued by the IRS with regard to tax years 2008 through 2015, see Note 12, 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.

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 29, 2024	Nov. 03, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Total debt	$ 7,825		$ 7,100
Issuance costs	(57)		(30)
Subtotal	7,768		7,070
Less current portion of long-term debt	(450)		(1,213)
Long-term debt	7,318		5,857
Variable interest rate Delayed Draw Term Loan due 2024
Debt Instrument [Line Items]
Total debt	$ 300		$ 0
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	4.75%	4.75%	4.75%
Total debt	$ 2,300		$ 2,300
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	6.93%
Total debt	$ 2,625		2,700
3.00% convertible notes due 2028
Debt Instrument [Line Items]
Total debt	$ 1,600		$ 0
2.85% senior notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%		2.85%
Total debt	$ 500		$ 500
3.10% senior notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%		3.10%
Total debt	$ 500		$ 500
Convertible Debt \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	1.50%		1.50%
Total debt	$ 0		$ 1,100
Convertible Debt \| 3.00% convertible notes due 2028
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.00%	3.00%	3.00%

Leases and Other Commitments - Schedule of Supplemental Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Leases [Abstract]
Cost of operating leases	$ 15	$ 15	$ 47	$ 43
Cash paid for operating leases	17	12	49	38
Operating lease assets obtained in exchange for operating lease liabilities	$ 1	$ 10	$ 178	$ 14

Employee Termination, Asset Impairment, and Other - Schedule of Net charges (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 29, 2023	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Gain on sale-leaseback of facility	$ (85)
Business Realignment
Restructuring Cost and Reserve [Line Items]
Employee termination benefits		$ 1	$ 40	$ 44	$ 125
Contract termination and other		2	0	31	0
Asset impairments		5	0	99	15
Gain on sale-leaseback of facility		0	0	(85)	0
Total employee termination, asset impairment, and other charges		$ 8	$ 40	$ 89	$ 140

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Fair Value Measurements and Investments

9 Months Ended

Mar. 29, 2024

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.


	March 29, 2024
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	333	$	—	$	—	$	333



Short-term investments - Certificates of deposit	27		—		—		27














Foreign exchange contracts	—		9		—		9


Total assets at fair value	$	360	$	9	$	—	$	369
Liabilities:
Foreign exchange contracts	$	—	$	142	$	—	$	142


Total liabilities at fair value	$	—	$	142	$	—	$	142


	June 30, 2023
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:

Cash equivalents - Money market funds	$	371	$	—	$	—	$	371


















Foreign exchange contracts	—		35		—		35


Total assets at fair value	$	371	$	35	$	—	$	406
Liabilities:
Foreign exchange contracts	$	—	$	192	$	—	$	192


Total liabilities at fair value	$	—	$	192	$	—	$	192

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


	March 29, 2024				June 30, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)
1.50% convertible notes due 2024	$	—	$	—	$	1,099	$	1,067
Variable interest rate Delayed Draw Term Loan due 2024	300		300		—		—
4.75% senior unsecured notes due 2026	2,295		2,253		2,293		2,193
Variable interest rate Term Loan A-2 maturing 2027	2,615		2,556		2,687		2,661
3.00% convertible notes due 2028	1,566		2,351		—		—
2.85% senior notes due 2029	496		436		496		400
3.10% senior notes due 2032	496		403		495		371
Total	$	7,768	$	8,299	$	7,070	$	6,692

- 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

Business Segments, Geographic Information, and Concentrations of Risk - Schedule of Goodwill (Details) $ in Millions	9 Months Ended
	Mar. 29, 2024 USD ($)
Goodwill [Roll Forward]
Balance at June 30, 2023	$ 10,037
Foreign currency translation adjustment	(3)
Balance at March 29, 2024	10,034
Flash
Goodwill [Roll Forward]
Balance at June 30, 2023	5,716
Foreign currency translation adjustment	(2)
Balance at March 29, 2024	5,714
HDD
Goodwill [Roll Forward]
Balance at June 30, 2023	4,321
Foreign currency translation adjustment	(1)
Balance at March 29, 2024	$ 4,320

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Debt - Additional Information (Details) $ / shares in Units, shares in Millions					3 Months Ended		9 Months Ended
	Feb. 01, 2024 USD ($)	Nov. 03, 2023 USD ($) $ / shares $ / Unit shares	Nov. 02, 2023 day	Aug. 14, 2023 USD ($)	Mar. 29, 2024 USD ($) shares	Mar. 31, 2023 shares	Mar. 29, 2024 USD ($) shares	Mar. 31, 2023 shares	Mar. 25, 2024 USD ($)	Aug. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Unamortized costs					$ 57,000,000		$ 57,000,000				$ 30,000,000
Anti-dilutive potential common shares excluded (in shares) \| shares					0	15	13	15
Cost of capped call transactions							$ 155,000,000
Net of deferred taxes					$ 37,000,000		37,000,000
Convertible Debt Securities
Debt Instrument [Line Items]
Anti-dilutive potential common shares excluded (in shares) \| shares		8
Delayed Draw Term Loan Agreement
Debt Instrument [Line Items]
Debt instrument, face amount										$ 600,000,000
Proceeds from delayed draw term loan				$ 600,000,000
Repurchases of debt							$ 300,000,000
Debt instrument, interest rate (percentage)					7.55%		7.55%
Delayed Draw Term Loan Agreement \| Minimum \| Line of Credit \| SOFR
Debt Instrument [Line Items]
Variable interest rate							1.75%
Delayed Draw Term Loan Agreement \| Minimum \| Line of Credit \| Base Rate
Debt Instrument [Line Items]
Variable interest rate							0.75%
Delayed Draw Term Loan Agreement \| Maximum \| Line of Credit \| SOFR
Debt Instrument [Line Items]
Variable interest rate							2.625%
Delayed Draw Term Loan Agreement \| Maximum \| Line of Credit \| Base Rate
Debt Instrument [Line Items]
Variable interest rate							1.625%
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Repurchases of debt					$ 38,000,000		$ 75,000,000
Debt instrument, interest rate (percentage)					6.93%		6.93%
Variable interest rate Term Loan A-2 maturing 2027 \| SOFR
Debt Instrument [Line Items]
Variable interest rate							1.50%
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%
Revolving Credit Facility, 2027 \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount					$ 2,250,000,000		$ 2,250,000,000
Amount drawn-down and repaid on principal amount					$ 300,000,000		$ 300,000,000
2028 Convertible Notes \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 1,600,000,000
Debt instrument, interest rate (percentage)		3.00%			3.00%		3.00%				3.00%
Conversion price (in USD per share) \| $ / shares		$ 52.20
Debt instrument, convertible			130.00%
Debt instrument, convertible, threshold trading days \| day			20
Consecutive trading days \| day			30
Proceeds from convertible debt		$ 1,563,000,000
Debt issuance costs, net		$ 37,000,000
Derivative, price risk option strike price (in USD per share) \| $ / Unit		52.20
Derivative cap price (in USD per share) \| $ / Unit		70.26
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)		4.75%			4.75%		4.75%				4.75%
1.50% convertible notes due 2024 \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)					1.50%		1.50%				1.50%
Repayment of aggregate principal amount convertible notes	$ 592,000,000	$ 508,000,000
2027 Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity					$ 2,240,000,000		$ 2,240,000,000
2027 Revolving Credit Facility \| Standby Letters of Credit
Debt Instrument [Line Items]
Debt instrument, face amount									$ 15,000,000

Leases and Other Commitments - Sale Leaseback (Details) $ in Millions	1 Months Ended
	Sep. 29, 2023 USD ($) option
Lessee, Lease, Description [Line Items]
Sale leaseback net cash proceeds	$ 191
Sale leaseback gain	85
Sale leaseback annual lease rate	$ 16
Sale leaseback increase percentage	0.03
Through January 1, 2039
Lessee, Lease, Description [Line Items]
Sale leaseback number of renewal options \| option	3
Sale leaseback renewal options term	5 years
Through December 2057
Lessee, Lease, Description [Line Items]
Sale leaseback number of renewal options \| option	1
Sale leaseback renewal options term	4 years

Revision of Previously Issued Financial Statements - Condensed Consolidated Statement of Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income (loss)	$ 135	$ (287)	$ (685)	$ (571)	$ (451)	$ 47	$ (837)	$ (975)
Other comprehensive income (loss), before tax:
Actuarial pension gain (loss)	0			(1)			0	(1)
Foreign currency translation adjustment	(75)			(8)			(55)	11
Net unrealized gain on derivative contracts	(86)			21			(45)	233
Total other comprehensive income (loss), before tax	(161)			12			(100)	243
Income tax benefit (expense) related to items of other comprehensive income (loss), before tax	18			(6)			12	(39)
Other comprehensive income (loss), net of tax	(143)			6			(88)	204
Total comprehensive loss	$ (8)			(565)			$ (925)	(771)
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income (loss)				(572)				(991)
Other comprehensive income (loss), before tax:
Actuarial pension gain (loss)				(1)				(1)
Foreign currency translation adjustment				(7)				8
Net unrealized gain on derivative contracts				21				233
Total other comprehensive income (loss), before tax				13				240
Income tax benefit (expense) related to items of other comprehensive income (loss), before tax				(6)				(48)
Other comprehensive income (loss), net of tax				7				192
Total comprehensive loss				(565)				(799)
Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income (loss)				1				16
Other comprehensive income (loss), before tax:
Actuarial pension gain (loss)				0				0
Foreign currency translation adjustment				(1)				3
Net unrealized gain on derivative contracts				0				0
Total other comprehensive income (loss), before tax				(1)				3
Income tax benefit (expense) related to items of other comprehensive income (loss), before tax				0				9
Other comprehensive income (loss), net of tax				(1)				12
Total comprehensive loss				$ 0				$ 28

Employee Termination, Asset Impairment, and Other (Tables)

9 Months Ended

Mar. 29, 2024

Postemployment Benefits [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company recorded the following net charges related to these actions for the periods noted below:


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)




Employee termination benefits	$	1	$	40	$	44	$	125









Contract termination and other	2		—		31		—
Asset impairments	5		—		99		15

Gain on sale-leaseback of facility	—		—		(85)		—


Total employee termination, asset impairment, and other charges	$	8	$	40	$	89	$	140

The following table presents an analysis of the components of these activities against the reserve during the nine months ended March 29, 2024:


	Employee Termination Benefits		Contract Termination and Other		Total
	(in millions)
Accrual balance at June 30, 2023	$	31	$	5	$	36
Charges	44		31		75
Cash payments	(74)		(9)		(83)

Accrual balance at March 29, 2024	$	1	$	27	$	28

Supplemental Financial Statement Data - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Inventories:
Raw materials and component parts	$ 1,666	$ 2,096
Work-in-process	1,045	979
Finished goods	504	623
Total inventories	$ 3,215	$ 3,698

Supplemental Financial Statement Data (Tables)

9 Months Ended

Mar. 29, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventories

Inventories


	March 29, 2024		June 30, 2023
	(in millions)
Inventories:
Raw materials and component parts	$	1,666	$	2,096
Work-in-process	1,045		979
Finished goods	504		623
Total inventories	$	3,215	$	3,698

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net


	March 29, 2024		June 30, 2023
	(in millions)
Property, plant and equipment:
Land	$	235	$	269
Buildings and improvements	1,826		1,955
Machinery and equipment	8,655		8,704
Computer equipment and software	473		470
Furniture and fixtures	54		54
Construction-in-process	793		798
Property, plant and equipment, gross	12,036		12,250
Accumulated depreciation	(8,783)		(8,630)
Property, plant and equipment, net	$	3,253	$	3,620

Schedule of Product Warranty Liability

Product warranty liability

Changes in the warranty accrual were as follows:


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Warranty accrual, beginning of period	$	202	$	289	$	244	$	345

Charges to operations	28		26		76		83
Utilization	(29)		(43)		(112)		(137)
Changes in estimate related to pre-existing warranties	2		—		(5)		(19)
Warranty accrual, end of period	$	203	$	272	$	203	$	272

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:


	March 29, 2024		June 30, 2023
	(in millions)
Warranty accrual:
Current portion (included in Accrued expenses)	$	47	$	97
Long-term portion (included in Other liabilities)	156		147
Total warranty accrual	$	203	$	244

Schedule of Other Liabilities

Other liabilities


	March 29, 2024		June 30, 2023
	(in millions)
Other liabilities:
Non-current net tax payable	$	201	$	464
Non-current portion of unrecognized tax benefits	552		408
Other non-current liabilities	680		543
Total other liabilities	$	1,433	$	1,415

Schedule of Accumulated Other Comprehensive Loss

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


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















Balance at June 30, 2023	$	(2)	$	(389)	$	(157)	$	(548)
Other comprehensive loss before reclassifications	—		(55)		(196)		(251)
Amounts reclassified from accumulated other comprehensive loss	—		—		151		151
Income tax benefit related to items of other comprehensive loss	—		1		11		12
Net current-period other comprehensive loss	—		(54)		(34)		(88)
Balance at March 29, 2024	$	(2)	$	(443)	$	(191)	$	(636)

Revision of Previously Issued Financial Statements

9 Months Ended

Mar. 29, 2024

Accounting Changes and Error Corrections [Abstract]

Revision of Previously Issued Financial Statements

As described in Note 1, in connection with the preparation of its Condensed Consolidated Financial Statements as of and for the three and six months ended December 29, 2023, the Company identified certain errors related to the Company’s reporting and recording of its interests in its equity method investments in Flash Ventures. These errors related to unadjusted differences between the Flash Ventures’ application of Japanese generally accepted accounting principles to certain lease-related transactions compared to the applicable U.S. generally accepted accounting principles. These unadjusted differences resulted in differences in the equity in earnings from these entities recognized by the Company in Other income (expense), net and the carrying value of the Company’s equity method investments in Flash Ventures.

The following tables provide a summary of the revisions made to the Company’s Condensed Consolidated Financial Statements for the periods presented.


	Three Months Ended March 31, 2023
Condensed Consolidated Statement of Operations	As Previously Reported		Adjustment		As Revised
	(in millions, except per share amounts)









Operating loss	$	(472)	$	—	$	(472)
Interest and other expense:
Interest income	10		—		10
Interest expense	(80)		—		(80)
Other income, net	13		1		14
Total interest and other expense, net	(57)		1		(56)
Loss before taxes	(529)		1		(528)
Income tax expense	43		—		43
Net loss	(572)		1		(571)
Less: cumulative dividends allocated to preferred shareholders	9		—		9
Net loss attributable to common shareholders	$	(581)	$	1	$	(580)

Net loss per common share:
Basic	$	(1.82)	$	—	$	(1.82)
Diluted	$	(1.82)	$	—	$	(1.82)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Operations	As Previously Reported		Adjustment		As Revised
	(in millions, except per share amounts)








Operating loss	$	(635)	$	—	$	(635)
Interest and other expense:
Interest income	15		—		15
Interest expense	(223)		—		(223)
Other income, net	13		14		27
Total interest and other expense, net	(195)		14		(181)
Loss before taxes	(830)		14		(816)
Income tax expense	161		(2)		159
Net loss	(991)		16		(975)
Less: cumulative dividends allocated to preferred shareholders	9		—		9
Net loss attributable to common shareholders	$	(1,000)	$	16	$	(984)

Net loss per common share:
Basic	$	(3.14)	$	0.05	$	(3.09)
Diluted	$	(3.14)	$	0.05	$	(3.09)


	Three Months Ended March 31, 2023
Condensed Consolidated Statement of Comprehensive Loss	As Previously Reported		Adjustment		As Revised
	(in millions)
Net loss	$	(572)	$	1	$	(571)
Other comprehensive income, before tax:
Actuarial pension loss	(1)		—		(1)
Foreign currency translation adjustment	(7)		(1)		(8)
Net unrealized gain on derivative contracts	21		—		21
Total other comprehensive income, before tax	13		(1)		12
Income tax expense related to items of other comprehensive income, before tax	(6)		—		(6)
Other comprehensive income, net of tax	7		(1)		6
Total comprehensive loss	$	(565)	$	—	$	(565)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Comprehensive Loss	As Previously Reported		Adjustment		As Revised
	(in millions)
Net loss	$	(991)	$	16	$	(975)
Other comprehensive income, before tax:
Actuarial pension loss	(1)		—		(1)
Foreign currency translation adjustment	8		3		11
Net unrealized gain on derivative contracts	233		—		233
Total other comprehensive income, before tax	240		3		243
Income tax expense related to items of other comprehensive income, before tax	(48)		9		(39)
Other comprehensive income, net of tax	192		12		204
Total comprehensive loss	$	(799)	$	28	$	(771)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Cash Flows	As Previously Reported		Adjustment		As Revised
	(in millions)
Cash flows from operating activities
Net loss	$	(991)	$	16	$	(975)
Deferred income taxes	34		(4)		30
Other non-cash operating activities, net	6		(14)		(8)
Other assets and liabilities, net	(165)		2		(163)
Net cash used in operating activities	(340)		—		(340)


Condensed Consolidated Statement of Shareholders’ Equity	As Previously Reported		Adjustment		As Revised
	(in millions)
Retained earnings as of March 31, 2023	$	8,139	$	143	$	8,282


Accumulated other comprehensive loss as of March 31, 2023	(362)		(13)		(375)
Foreign currency translation adjustment for the three months ended March 31, 2023	(8)		(1)		(9)

Employee Termination, Asset Impairment, and Other

9 Months Ended

Mar. 29, 2024

Postemployment Benefits [Abstract]

Employee Termination, Asset Impairment, and Other

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. In this regard, in the nine months ended March 29, 2024, the Company reassessed existing capacity development plans and made a decision to cancel certain projects, including projects to expand capacity in its Penang, Malaysia facility, resulting in the impairment of existing construction in progress, other assets and the recognition of a liability for certain contract termination costs. The Company has also taken actions to reduce the amount of capital invested in facilities, including the sale-leaseback of its facility in Milpitas, California in September 2023. The Company recorded the following net charges related to these actions for the periods noted below:


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)




Employee termination benefits	$	1	$	40	$	44	$	125









Contract termination and other	2		—		31		—
Asset impairments	5		—		99		15

Gain on sale-leaseback of facility	—		—		(85)		—


Total employee termination, asset impairment, and other charges	$	8	$	40	$	89	$	140

The following table presents an analysis of the components of these activities against the reserve during the nine months ended March 29, 2024:


	Employee Termination Benefits		Contract Termination and Other		Total
	(in millions)
Accrual balance at June 30, 2023	$	31	$	5	$	36
Charges	44		31		75
Cash payments	(74)		(9)		(83)

Accrual balance at March 29, 2024	$	1	$	27	$	28

Related Parties and Related Commitments and Contingencies - Schedule of Guarantor Obligations (Details) - Mar. 29, 2024 $ in Millions, ¥ in Billions	USD ($)	JPY (¥)
Operating lease guarantees \| Related Party
Loss Contingencies [Line Items]
Total guarantee obligations	$ 1,431	¥ 216

Derivative Instruments and Hedging Activities	9 Months Ended
Derivative Instruments and Hedging Activities	Mar. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities As of March 29, 2024, 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. As of March 29, 2024, the Company did not have any derivative contracts with credit-risk-related contingent features. 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 March 29, 2024 and March 31, 2023, 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 AOCL. For more information regarding cash flow hedges, see Note 4, Supplemental Financial Statement Data – Accumulated other comprehensive loss. 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 March 29, 2024 and June 30, 2023, 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.

Income Tax Expense - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income (loss) before taxes	$ 178	$ (528)	$ (763)	$ (816)
Income tax expense	$ 43	$ 43	$ 74	$ 159
Effective tax rate	24.00%	(8.00%)	(10.00%)	(19.00%)

- 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
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-Name Accounting Standards Codification
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+ Details

- Definition

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

+ References + Details

Leases and Other Commitments - Schedule of Minimum Long-Term Commitments (Details) $ in Millions	Mar. 29, 2024 USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
Remaining three months of 2024	$ 45
2025	172
2026	96
2027	59
2028	20
Thereafter	130
Total	$ 522

Shareholders' Equity and Convertible Preferred Stock - Schedule of Stock Options (Details) - $ / shares	9 Months Ended	12 Months Ended
	Mar. 29, 2024	Jun. 30, 2023
Number of Shares
Options outstanding, beginning balance (in shares)	300,000
Canceled or expired (in shares)	(300,000)
Options outstanding, ending balance (in shares)	0	300,000
Weighted Average Exercise Price Per Share
Options outstanding, beginning balance, exercise price (in dollars per share)	$ 44.95
Canceled or expired, exercise price (in dollars per share)	44.95
Options outstanding, ending balance, exercise price (in dollars per share)	$ 0	$ 44.95
Options outstanding, weighted average remaining contractual term		1 month 6 days

Business Segments, Geographic Information, and Concentrations of Risk - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue, net	$ 3,457	$ 2,803	$ 9,239	$ 9,646
Asia
Disaggregation of Revenue [Line Items]
Revenue, net	1,740	1,353	4,990	4,533
Americas
Disaggregation of Revenue [Line Items]
Revenue, net	1,154	935	2,620	3,448
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue, net	563	515	1,629	1,665
Cloud
Disaggregation of Revenue [Line Items]
Revenue, net	1,553	1,205	3,496	4,258
Client
Disaggregation of Revenue [Line Items]
Revenue, net	1,174	975	3,443	3,293
Consumer
Disaggregation of Revenue [Line Items]
Revenue, net	$ 730	$ 623	$ 2,300	$ 2,095

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- 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.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Paragraph 1
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Related Parties and Related Commitments and Contingencies (Tables)

9 Months Ended

Mar. 29, 2024

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:


	March 29, 2024		June 30, 2023
	(in millions)
Notes receivable, Flash Partners	$	—	$	37
Notes receivable, Flash Alliance	—		48
Notes receivable, Flash Forward	556		709
Investment in Flash Partners	157		161
Investment in Flash Alliance	234		276
Investment in Flash Forward	152		179
Total notes receivable and investments in Flash Ventures	$	1,099	$	1,410

Schedule of Variable Interest Entity Maximum Loss Exposure


	March 29, 2024
	(in millions)
Notes receivable	$	556
Equity investments	543
Operating lease guarantees	1,431
Inventory and prepayments	1,046
Maximum estimable loss exposure	$	3,576

Schedule of Guarantor Obligations


	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	216	$	1,431

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 2024	$	110	$	27	$	137
2025	290		79		369
2026	359		119		478
2027	154		101		255
2028	50		97		147
2029	6		39		45
Total guarantee obligations	$	969	$	462	$	1,431

Net Income (Loss) Per Common Share - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income (loss)	$ 135	$ (287)	$ (685)	$ (571)	$ (451)	$ 47	$ (837)	$ (975)
Less: cumulative dividends on Preferred Stock	15			9			44	9
Less: income attributable to participating securities	7			0			0	0
Net income (loss) attributable to common shareholders	$ 113			$ (580)			$ (881)	$ (984)
Weighted average shares outstanding:
Basic (in shares)	326			319			324	318
RSUs, PSUs, ESPP, and the convertible notes (in shares)	9			0			0	0
Diluted (in shares)	335			319			324	318
Net income (loss) per common share
Basic (in dollars per share)	$ 0.35			$ (1.82)			$ (2.72)	$ (3.09)
Diluted (in dollars per share)	$ 0.34			$ (1.82)			$ (2.72)	$ (3.09)
Anti-dilutive potential common shares excluded (in shares)	0			15			13	15

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Mar. 29, 2024
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 based on both NAND flash and hard disk drive technologies. The Company’s broad portfolio of technology and products address the following key end markets: Cloud, Client and Consumer. The Company also generates immaterial license and royalty revenue from its extensive intellectual property portfolio, which is included in each of these three end market categories. 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 year ended June 30, 2023. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. Such adjustments consist of items of a normal, recurring nature as well as the revisions discussed further below. 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 year ended June 30, 2023. 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 year 2024, which will end on June 28, 2024, and fiscal year 2023, which ended on June 30, 2023, are each comprised of 52 weeks, with all quarters presented consisting of 13 weeks. Segment Reporting The Company manufactures, markets, and sells data storage devices and solutions in the United States (“U.S.”) and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. The Company manages and reports under two reportable segments: flash-based products (“Flash”) and hard disk drives (“HDD”). The Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (“CODM”), evaluates the performance of the Company and makes decisions regarding the allocation of resources based on each operating segment’s net revenue and gross margin. Because of the integrated nature of the Company’s production and distribution activities, separate segment asset measures are either not available or not used as a basis for the CODM to evaluate the performance of or to allocate resources to the segments. Business Separation Costs On October 30, 2023, the Company announced that its Board of Directors had completed its strategic review of its business and, after evaluating a comprehensive range of alternatives, authorized the Company to pursue a plan to separate its Flash and HDD business units to create two independent, public companies. As a result of the plan, the Company incurred separation and transition costs and expects to incur such costs through the completion of the separation of the businesses, which the Company targets in the second half of calendar year 2024. The separation and transition costs are recorded within Business separation costs in the Condensed Consolidated Statements of Operations. 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 current macroeconomic conditions. However, actual results could differ materially from these estimates. Revision of Previously Issued Financial Statements As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the period ended December 28, 2023, in connection with the preparation of its Condensed Consolidated Financial Statements as of and for the three and six months ended December 29, 2023, the Company identified certain errors related to the Company’s reporting and recording of its interests in its equity method investments in Flash Partners Ltd., Flash Alliance Ltd., and Flash Forward Ltd. (collectively, “Flash Ventures”). The errors related to unadjusted differences between Flash Ventures’ application of Japanese generally accepted accounting principles to certain lease-related transactions compared to the applicable U.S. generally accepted accounting principles. These unadjusted differences resulted in differences in the equity in earnings from these entities recognized by the Company in Other income (expense), net and the carrying value of the Company’s equity method investments in Flash Ventures. Based on an analysis of quantitative and qualitative factors in accordance with SAB No. 99, “Materiality,” and SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” and as described further in Note 17, Revision of Previously Issued Financial Statements, the Company evaluated the errors and determined the related impacts were not material to its financial statements for the prior periods when they occurred, but that correcting the cumulative errors in the period detected would have been material to the Company's results of operations for that period. Accordingly, the Company has revised previously reported financial information presented herein for such immaterial errors. A summary of revisions to the Condensed Consolidated Financial Statements presented herein is included for comparative purposes in Note 17, Revision of Previously Issued Financial Statements.

Supplemental Financial Statement Data

9 Months Ended

Mar. 29, 2024

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 March 29, 2024 and March 31, 2023, the Company sold trade accounts receivable aggregating $623 million and $626 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 March 29, 2024 and June 30, 2023, the amount of factored receivables that remained outstanding was $102 million and $150 million, respectively.

Inventories


	March 29, 2024		June 30, 2023
	(in millions)
Inventories:
Raw materials and component parts	$	1,666	$	2,096
Work-in-process	1,045		979
Finished goods	504		623
Total inventories	$	3,215	$	3,698

Property, plant and equipment, net


	March 29, 2024		June 30, 2023
	(in millions)
Property, plant and equipment:
Land	$	235	$	269
Buildings and improvements	1,826		1,955
Machinery and equipment	8,655		8,704
Computer equipment and software	473		470
Furniture and fixtures	54		54
Construction-in-process	793		798
Property, plant and equipment, gross	12,036		12,250
Accumulated depreciation	(8,783)		(8,630)
Property, plant and equipment, net	$	3,253	$	3,620

Other intangible assets, net

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. During the three months ended December 29, 2023, one IPR&D project reached technological feasibility and $8 million was reclassified from IPR&D to existing technology and commenced amortization over an estimated useful life of three years. As of March 29, 2024 and June 30, 2023, IPR&D included in intangible assets, net was $72 million and $80 million, respectively.

Product warranty liability

Changes in the warranty accrual were as follows:


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Warranty accrual, beginning of period	$	202	$	289	$	244	$	345

Charges to operations	28		26		76		83
Utilization	(29)		(43)		(112)		(137)
Changes in estimate related to pre-existing warranties	2		—		(5)		(19)
Warranty accrual, end of period	$	203	$	272	$	203	$	272

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:


	March 29, 2024		June 30, 2023
	(in millions)
Warranty accrual:
Current portion (included in Accrued expenses)	$	47	$	97
Long-term portion (included in Other liabilities)	156		147
Total warranty accrual	$	203	$	244

Other liabilities


	March 29, 2024		June 30, 2023
	(in millions)
Other liabilities:
Non-current net tax payable	$	201	$	464
Non-current portion of unrecognized tax benefits	552		408
Other non-current liabilities	680		543
Total other liabilities	$	1,433	$	1,415

Accumulated other comprehensive loss

Accumulated other comprehensive loss (“AOCL”), 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 AOCL:


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















Balance at June 30, 2023	$	(2)	$	(389)	$	(157)	$	(548)
Other comprehensive loss before reclassifications	—		(55)		(196)		(251)
Amounts reclassified from accumulated other comprehensive loss	—		—		151		151
Income tax benefit related to items of other comprehensive loss	—		1		11		12
Net current-period other comprehensive loss	—		(54)		(34)		(88)
Balance at March 29, 2024	$	(2)	$	(443)	$	(191)	$	(636)

During the three and nine months ended March 29, 2024, the amounts reclassified out of AOCL were losses related to foreign exchange contracts that were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations.

As of March 29, 2024, substantially all existing net losses related to cash flow hedges recorded in AOCL are expected to be reclassified to earnings within the next twelve months. In addition, as of March 29, 2024, the Company did not have any foreign exchange forward contracts with credit-risk-related contingent features.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income (loss)	$ (837)	$ (975)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization	430	643
Stock-based compensation	226	246
Deferred income taxes	(120)	30
Gain on disposal of assets	(87)	(7)
Non-cash asset impairment	99	18
Gain on repurchase of debt	(4)	0
Amortization of debt issuance costs and discounts	14	9
Other non-cash operating activities, net	24	(8)
Changes in:
Accounts receivable, net	(202)	1,213
Inventories	483	(341)
Accounts payable	211	(442)
Accounts payable to related parties	18	(54)
Accrued expenses	(310)	(484)
Income taxes payable	(524)	144
Accrued compensation	97	(169)
Other assets and liabilities, net	(178)	(163)
Net cash used in operating activities	(660)	(340)
Cash flows from investing activities
Purchases of property, plant and equipment	(371)	(702)
Proceeds from the sale of property, plant and equipment	195	14
Notes receivable issuances to Flash Ventures	(184)	(496)
Notes receivable proceeds from Flash Ventures	391	542
Strategic investments and other, net	0	22
Net cash provided by (used in) investing activities	31	(620)
Cash flows from financing activities
Issuance of stock under employee stock plans	40	49
Taxes paid on vested stock awards under employee stock plans	(66)	(69)
Net proceeds from convertible preferred stock	(5)	882
Purchase of capped calls	(155)	0
Repurchases of debt	(505)	0
Repayments of debt	(1,267)	(1,180)
Proceeds from debt	2,500	1,180
Debt issuance costs	(36)	(6)
Net cash provided by financing activities	506	856
Effect of exchange rate changes on cash	(6)	(3)
Net decrease in cash and cash equivalents	(129)	(107)
Cash and cash equivalents, beginning of year	2,023	2,327
Cash and cash equivalents, end of period	1,894	2,220
Supplemental disclosure of cash flow information:
Cash paid for income taxes	874	181
Cash paid for interest	$ 321	$ 252

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Mar. 29, 2024	Mar. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Michael Ray [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Michael Ray, a former Executive Vice President, Chief Legal Officer and Secretary of the Company who left the Company effective January 12, 2024, terminated a Rule 10b5-1 Plan on February 23, 2024.
Name	Michael Ray
Title	Executive Vice President, Chief Legal Officer and Secretary
Rule 10b5-1 Arrangement Terminated	true
Termination Date	February 23, 2024
Arrangement Duration	548 days

Organization and Basis of Presentation (Policies)	9 Months Ended
Organization and Basis of Presentation (Policies)	Mar. 29, 2024
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 based on both NAND flash and hard disk drive technologies. The Company’s broad portfolio of technology and products address the following key end markets: Cloud, Client and Consumer. The Company also generates immaterial license and royalty revenue from its extensive intellectual property portfolio, which is included in each of these three end market categories. 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 year ended June 30, 2023. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. Such adjustments consist of items of a normal, recurring nature as well as the revisions discussed further below. 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 year ended June 30, 2023. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year.
Fiscal 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 year 2024, which will end on June 28, 2024, and fiscal year 2023, which ended on June 30, 2023, are each comprised of 52 weeks, with all quarters presented consisting of 13 weeks.
Segment Reporting	Segment Reporting The Company manufactures, markets, and sells data storage devices and solutions in the United States (“U.S.”) and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. The Company manages and reports under two reportable segments: flash-based products (“Flash”) and hard disk drives (“HDD”). The Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (“CODM”), evaluates the performance of the Company and makes decisions regarding the allocation of resources based on each operating segment’s net revenue and gross margin. Because of the integrated nature of the Company’s production and distribution activities, separate segment asset measures are either not available or not used as a basis for the CODM to evaluate the performance of or to allocate resources to the segments.
Business Separation Costs	Business Separation Costs On October 30, 2023, the Company announced that its Board of Directors had completed its strategic review of its business and, after evaluating a comprehensive range of alternatives, authorized the Company to pursue a plan to separate its Flash and HDD business units to create two independent, public companies. As a result of the plan, the Company incurred separation and transition costs and expects to incur such costs through the completion of the separation of the businesses, which the Company targets in the second half of calendar year 2024. The separation and transition costs are recorded within Business separation costs in the Condensed Consolidated Statements of Operations.
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 current macroeconomic conditions. However, actual results could differ materially from these estimates.
Revision of Previously Issued Financial Statements	Revision of Previously Issued Financial Statements As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the period ended December 28, 2023, in connection with the preparation of its Condensed Consolidated Financial Statements as of and for the three and six months ended December 29, 2023, the Company identified certain errors related to the Company’s reporting and recording of its interests in its equity method investments in Flash Partners Ltd., Flash Alliance Ltd., and Flash Forward Ltd. (collectively, “Flash Ventures”). The errors related to unadjusted differences between Flash Ventures’ application of Japanese generally accepted accounting principles to certain lease-related transactions compared to the applicable U.S. generally accepted accounting principles. These unadjusted differences resulted in differences in the equity in earnings from these entities recognized by the Company in Other income (expense), net and the carrying value of the Company’s equity method investments in Flash Ventures. Based on an analysis of quantitative and qualitative factors in accordance with SAB No. 99, “Materiality,” and SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” and as described further in Note 17, Revision of Previously Issued Financial Statements, the Company evaluated the errors and determined the related impacts were not material to its financial statements for the prior periods when they occurred, but that correcting the cumulative errors in the period detected would have been material to the Company's results of operations for that period. Accordingly, the Company has revised previously reported financial information presented herein for such immaterial errors. A summary of revisions to the Condensed Consolidated Financial Statements presented herein is included for comparative purposes in Note 17, Revision of Previously Issued Financial Statements.
Accounting Pronouncements Recently Adopted and Recently Issued Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Recently Adopted In September 2022, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) No. 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”, which requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU requires the Company to provide disclosure of outstanding obligations to such suppliers for all balance sheet dates presented beginning with the Company’s first quarter of 2024 and to provide certain rollforward information related to those obligations beginning in the Company’s first fiscal quarter of 2025. The ASU does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. The Company adopted the guidance on the first day of fiscal year 2024, except for the rollforward information, which the Company is compiling and intends to provide beginning in fiscal year 2025. See Note 15, Supplier Finance Program, of the Notes to Condensed Consolidated Financial Statements for information regarding the supplier finance program. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which expands on segment reporting requirements primarily through enhanced disclosures surrounding significant segment expenses. The ASU expands on existing segment reporting requirements to require that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to an entity's CODM, a description of other segment items by reportable segment, and any additional measures of a segment's profit or loss used by the CODM when deciding how to allocate resources. These incremental disclosures will be required beginning with the Company’s financial statements for the year ending June 27, 2025. The Company expects to provide any required disclosures at that time. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The ASU calls for enhanced income tax disclosure requirements surrounding the tabular rate reconciliation and income taxes paid. The amendments are effective for the Company’s fiscal year 2026, with early adoption permitted. The Company is currently compiling the information required for these disclosures. These incremental disclosures will be required beginning with the Company’s financial statements for the year ending June 27, 2025. The Company expects to provide any required disclosures at that time.
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.

- Definition

Disclosure of accounting policy for segment reporting.

+ References + Details

Income Tax Expense (Tables)

9 Months Ended

Mar. 29, 2024

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
	March 29, 2024			March 31, 2023		March 29, 2024			March 31, 2023
	($ in millions)
Income (loss) before taxes	$	178		(528)		$	(763)		(816)
Income tax expense	43			43		74			159
Effective tax rate	24		%	(8)	%	(10)		%	(19)	%

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 March 29, 2024 (in millions):


Accrual balance at June 30, 2023	$	1,021
Gross increases related to current year tax positions	23
Gross increases related to prior year tax positions	56
Gross decreases related to prior year tax positions	(28)
Settlements	(363)
Lapse of statute of limitations	(1)
Accrual balance at March 29, 2024	$	708

Revision of Previously Issued Financial Statements (Tables)

9 Months Ended

Mar. 29, 2024

Accounting Changes and Error Corrections [Abstract]

Schedule of the Revisions Made to the Company’s Condensed Consolidated Financial Statements

The following tables provide a summary of the revisions made to the Company’s Condensed Consolidated Financial Statements for the periods presented.


	Three Months Ended March 31, 2023
Condensed Consolidated Statement of Operations	As Previously Reported		Adjustment		As Revised
	(in millions, except per share amounts)









Operating loss	$	(472)	$	—	$	(472)
Interest and other expense:
Interest income	10		—		10
Interest expense	(80)		—		(80)
Other income, net	13		1		14
Total interest and other expense, net	(57)		1		(56)
Loss before taxes	(529)		1		(528)
Income tax expense	43		—		43
Net loss	(572)		1		(571)
Less: cumulative dividends allocated to preferred shareholders	9		—		9
Net loss attributable to common shareholders	$	(581)	$	1	$	(580)

Net loss per common share:
Basic	$	(1.82)	$	—	$	(1.82)
Diluted	$	(1.82)	$	—	$	(1.82)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Operations	As Previously Reported		Adjustment		As Revised
	(in millions, except per share amounts)








Operating loss	$	(635)	$	—	$	(635)
Interest and other expense:
Interest income	15		—		15
Interest expense	(223)		—		(223)
Other income, net	13		14		27
Total interest and other expense, net	(195)		14		(181)
Loss before taxes	(830)		14		(816)
Income tax expense	161		(2)		159
Net loss	(991)		16		(975)
Less: cumulative dividends allocated to preferred shareholders	9		—		9
Net loss attributable to common shareholders	$	(1,000)	$	16	$	(984)

Net loss per common share:
Basic	$	(3.14)	$	0.05	$	(3.09)
Diluted	$	(3.14)	$	0.05	$	(3.09)


	Three Months Ended March 31, 2023
Condensed Consolidated Statement of Comprehensive Loss	As Previously Reported		Adjustment		As Revised
	(in millions)
Net loss	$	(572)	$	1	$	(571)
Other comprehensive income, before tax:
Actuarial pension loss	(1)		—		(1)
Foreign currency translation adjustment	(7)		(1)		(8)
Net unrealized gain on derivative contracts	21		—		21
Total other comprehensive income, before tax	13		(1)		12
Income tax expense related to items of other comprehensive income, before tax	(6)		—		(6)
Other comprehensive income, net of tax	7		(1)		6
Total comprehensive loss	$	(565)	$	—	$	(565)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Comprehensive Loss	As Previously Reported		Adjustment		As Revised
	(in millions)
Net loss	$	(991)	$	16	$	(975)
Other comprehensive income, before tax:
Actuarial pension loss	(1)		—		(1)
Foreign currency translation adjustment	8		3		11
Net unrealized gain on derivative contracts	233		—		233
Total other comprehensive income, before tax	240		3		243
Income tax expense related to items of other comprehensive income, before tax	(48)		9		(39)
Other comprehensive income, net of tax	192		12		204
Total comprehensive loss	$	(799)	$	28	$	(771)


	Nine Months Ended March 31, 2023
Condensed Consolidated Statement of Cash Flows	As Previously Reported		Adjustment		As Revised
	(in millions)
Cash flows from operating activities
Net loss	$	(991)	$	16	$	(975)
Deferred income taxes	34		(4)		30
Other non-cash operating activities, net	6		(14)		(8)
Other assets and liabilities, net	(165)		2		(163)
Net cash used in operating activities	(340)		—		(340)


Condensed Consolidated Statement of Shareholders’ Equity	As Previously Reported		Adjustment		As Revised
	(in millions)
Retained earnings as of March 31, 2023	$	8,139	$	143	$	8,282


Accumulated other comprehensive loss as of March 31, 2023	(362)		(13)		(375)
Foreign currency translation adjustment for the three months ended March 31, 2023	(8)		(1)		(9)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 135	$ (287)	$ (685)	$ (571)	$ (451)	$ 47	$ (837)	$ (975)
Other comprehensive income (loss), before tax:
Actuarial pension gain (loss)	0			(1)			0	(1)
Foreign currency translation adjustment	(75)			(8)			(55)	11
Net unrealized gain (loss) on derivative contracts	(86)			21			(45)	233
Total other comprehensive income (loss), before tax	(161)			12			(100)	243
Income tax benefit (expense) related to items of other comprehensive income (loss), before tax	18			(6)			12	(39)
Other comprehensive income (loss), net of tax	(143)			6			(88)	204
Total comprehensive loss	$ (8)			$ (565)			$ (925)	$ (771)

Debt (Tables)

9 Months Ended

Mar. 29, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:


	March 29, 2024		June 30, 2023
	(in millions)













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

Variable interest rate Delayed Draw Term Loan due 2024	300		—
4.75% senior unsecured notes due 2026	2,300		2,300
Variable interest rate Term Loan A-2 maturing 2027	2,625		2,700
3.00% convertible notes due 2028	1,600		—
2.85% senior notes due 2029	500		500
3.10% senior notes due 2032	500		500
Total debt	7,825		7,100
Issuance costs	(57)		(30)
Subtotal	7,768		7,070
Less current portion of long-term debt	(450)		(1,213)
Long-term debt	$	7,318	$	5,857

Leases and Other Commitments

9 Months Ended

Mar. 29, 2024

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 2039. 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 March 29, 2024:


	Lease Amounts
	($ in millions)
Minimum lease payments by year:
Remaining three months of 2024	$	17
2025	67
2026	68
2027	60
2028	52
Thereafter	329
Total future minimum lease payments	593
Less: Imputed interest	164
Present value of lease liabilities	429
Less: Current portion (included in Accrued expenses)	47
Long-term operating lease liabilities (included in Other liabilities )	$	382

Operating lease right-of-use assets (included in Other non-current assets)	$	408

Weighted average remaining lease term in years	10.0
Weighted average discount rate	6.0		%

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


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Cost of operating leases	$	15	$	15	$	47	$	43
Cash paid for operating leases	17		12		49		38
Operating lease assets obtained in exchange for operating lease liabilities	1		10		178		14

Sale-Leaseback

In September 2023, the Company completed a sale and leaseback of its facility in Milpitas, California. The Company received net proceeds of $191 million in cash and recorded a gain of $85 million on the sale. In connection with the sale, the Company agreed to lease back the facility at an annual lease rate of $16 million for the first year, increasing by 3% per year thereafter through January 1, 2039. The lease includes three 5-year renewal options and one 4-year renewal option for the ability to extend through December 2057. The supplemental balance sheet information and supplemental disclosures of operating cost and cash flow information related to the lease are included in the tables above.

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 March 29, 2024, the Company had the following minimum long-term commitments:


	Long-Term Commitments
	(in millions)
Year:
Remaining three months of 2024	$	45
2025	172
2026	96
2027	59
2028	20
Thereafter	130
Total	$	522

Related Parties and Related Commitments and Contingencies - Schedule of Notes Receivable and Investments in Related Parties (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,099	$ 1,410
Flash Partners Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investments	157	161
Flash Partners Ltd \| Related Party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	0	37
Flash Alliance Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investments	234	276
Flash Alliance Ltd \| Related Party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	0	48
Flash Forward Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investments	152	179
Flash Forward Ltd \| Related Party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	556	709
Equity Method Investee
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,099	$ 1,410

Related Parties and Related Commitments and Contingencies - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 29, 2024 USD ($) entity	Mar. 31, 2023 USD ($)	Mar. 29, 2024 USD ($) entity	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jul. 01, 2022 USD ($)
Guarantor Obligations [Line Items]
Number of legal entities \| entity	3		3
Investment funding commitments, percentage	50.00%		50.00%
Percent of total manufacturing capacity in operation	100.00%		100.00%
Costs incurred associated with reduction in utilization	$ 0	$ 0	$ 249,000,000	$ 0
Costs incurred with unexpected power outage incident						$ 207,000,000
Insurance recovery recorded in cost of revenue	36,000,000
Unis Venture \| Product Concentration Risk \| Accounts Receivable Benchmark
Guarantor Obligations [Line Items]
Concentration risk, percentage			10.00%		8.00%
Kioxia Corporation \| Prepayments Of Future Depreciation
Guarantor Obligations [Line Items]
Other commitment	$ 496,000,000		$ 496,000,000
Unis Venture
Guarantor Obligations [Line Items]
Equity method investment, ownership percentage	49.00%		49.00%
Unis Venture \| Product Concentration Risk \| Revenue from Contract with Customer
Guarantor Obligations [Line Items]
Concentration risk, percentage	4.00%	3.00%	4.00%	3.00%
Unis Venture \| Unissoft (Wuxi) Group Co Ltd.
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%
Related Party
Guarantor Obligations [Line Items]
Payments for equity method investments	$ 700,000,000	$ 1,200,000,000	$ 2,500,000,000	$ 3,200,000,000
Accounts payable	$ 310,000,000		$ 310,000,000		$ 292,000,000

Income Tax Expense - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 29, 2024	Jun. 30, 2023	Mar. 29, 2024	Jun. 30, 2023
Income Tax Disclosure [Line Items]
Unrecognized tax benefits, period increase (decrease)	$ 35	$ (7)	$ 48	$ (34)
Penalties and interest accrued on unrecognized tax benefits	173		173
Potential payables related to unrecognized tax benefits	719		719
Tax Years 2008 Through 2012
Income Tax Disclosure [Line Items]
Liability	182		182
Tax and interest payments			363
Interest			160
Mandatory deemed repatriation tax obligations	34		34
Tax Years 2008 Through 2015
Income Tax Disclosure [Line Items]
Mandatory deemed repatriation tax obligations	$ 164		$ 164

Shareholders' Equity and Convertible Preferred Stock - Convertible Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended	12 Months Ended
	Jan. 31, 2023	Mar. 29, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares)		5,000,000	5,000,000
Convertible preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01
Convertible preferred stock, liquidation preference		$ 968	$ 924
Series A Preferred Stock \| Private Placement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares)	900,000
Convertible preferred stock, par value (in dollars per share)	$ 0.01
Convertible Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative dividends		68	24
Unpaid dividends		68	24
Convertible preferred stock, liquidation preference		$ 968	$ 924
Convertible shares issued (in shares)		20,000,000	20,000,000
Convertible Preferred Stock \| Private Placement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares)	5,000,000
Aggregate purchase price	$ 900
Issuance costs	$ 24
Preferred dividend annual rate increasing per annum (as percent)	6.25%
Convertible Preferred Stock \| Private Placement \| January 31, 2030
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred dividend annual rate increasing per annum (as percent)	7.25%
Convertible Preferred Stock \| Private Placement \| January 31, 2033
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred dividend annual rate increasing per annum (as percent)	8.25%

Business Segments, Geographic Information, and Concentrations of Risk - Additional Information (Details)	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Revenue from Contract with Customer \| Customer Concentration Risk \| Top Ten Customers
Concentration Risk [Line Items]
Concentration risk, percentage	42.00%	49.00%	38.00%	45.00%

Business Segments, Geographic Information, and Concentrations of Risk

9 Months Ended

Mar. 29, 2024

Segment Reporting [Abstract]

Business Segments, Geographic Information, and Concentrations of Risk

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


	Three Months Ended						Nine Months Ended
	March 29, 2024			March 31, 2023			March 29, 2024			March 31, 2023
	$ in millions
Revenue, net:
Flash	$	1,705		$	1,307		$	4,926		$	4,686
HDD	1,752			1,496			4,313			4,960
Total net revenue	$	3,457		$	2,803		$	9,239		$	9,646
Gross profit:
Flash	$	467		$	(65)		$	437		$	597
HDD	545			363			1,157			1,237
Total gross profit for segments	1,012			298			1,594			1,834
Unallocated corporate items:
Stock-based compensation expense	(11)			(12)			(37)			(38)
Amortization of acquired intangible assets	(1)			—			(2)			(1)
Recovery from contamination incident	1			—			37			—



Total unallocated corporate items	(11)			(12)			(2)			(39)
Consolidated gross profit	$	1,001		$	286		$	1,592		$	1,795
Gross margin:
Flash	27.4		%	(5.0)		%	8.9		%	12.7		%
HDD	31.1		%	24.3		%	26.8		%	24.9		%

Consolidated gross margin	29.0		%	10.2		%	17.2		%	18.6		%

Disaggregated Revenue

The Company’s broad portfolio of technology and products address multiple end markets. Cloud is comprised primarily of products for public or private cloud environments and end customers. 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
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)





Revenue by end market
Cloud	$	1,553	$	1,205	$	3,496	$	4,258
Client	1,174		975		3,443		3,293
Consumer	730		623		2,300		2,095
Total revenue	$	3,457	$	2,803	$	9,239	$	9,646

Revenue by geography
Asia	$	1,740	$	1,353	$	4,990	$	4,533
Americas	1,154		935		2,620		3,448
Europe, Middle East and Africa	563		515		1,629		1,665
Total revenue	$	3,457	$	2,803	$	9,239	$	9,646

The Company’s top 10 customers accounted for 42% and 38% of its net revenue for each of the three and nine months ended March 29, 2024 and 49% and 45% of its net revenue for the three and nine months ended March 31, 2023, respectively. For the three and nine months ended March 29, 2024 and March 31, 2023, no single customer accounted for 10% or more of the Company’s net revenue.

Goodwill

Goodwill is not amortized. Instead, it is tested for impairment annually as of the beginning of the Company’s fourth quarter, or more frequently if events or changes in circumstances indicate that goodwill may be impaired. Management performed goodwill impairment assessments for each segment and concluded that there were no indications of impairment for the periods presented. The following table provides a summary of goodwill activity for the period:


	Flash		HDD		Total
	(in millions)
Balance at June 30, 2023	$	5,716	$	4,321	$	10,037

Foreign currency translation adjustment	(2)		(1)		(3)

Balance at March 29, 2024	$	5,714	$	4,320	$	10,034

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 135	$ (287)	$ (685)	$ (571)	$ (451)	$ 47	$ (837)	$ (975)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 29, 2024	Apr. 22, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 29, 2024
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		326,524,668
Entity Central Index Key	0000106040
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--06-28

Supplemental Financial Statement Data - Schedule of Current Portion of the Warranty Accrual (Details) - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 30, 2022	Jul. 01, 2022
Warranty accrual:
Current portion (included in Accrued expenses)	$ 47		$ 97
Long-term portion (included in Other liabilities)	156		147
Total warranty accrual	$ 203	$ 202	$ 244	$ 272	$ 289	$ 345

Revision of Previously Issued Financial Statements - Condensed Consolidated Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended						9 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Sep. 29, 2023	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 29, 2024	Mar. 31, 2023
Income Statement [Abstract]
Operating loss	$ 273			$ (472)			$ (533)	$ (635)
Interest and other expense:
Interest income	10			10			30	15
Interest expense	(108)			(80)			(314)	(223)
Other income, net	3			14			54	27
Total interest and other expense, net	(95)			(56)			(230)	(181)
Income (loss) before taxes	178			(528)			(763)	(816)
Income tax expense	43			43			74	159
Net income (loss)	135	$ (287)	$ (685)	(571)	$ (451)	$ 47	(837)	(975)
Less: cumulative dividends allocated to preferred shareholders	15			9			44	9
Net income (loss) attributable to common shareholders	$ 113			$ (580)			$ (881)	$ (984)
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ 0.35			$ (1.82)			$ (2.72)	$ (3.09)
Diluted (in dollars per share)	$ 0.34			$ (1.82)			$ (2.72)	$ (3.09)
As Previously Reported
Income Statement [Abstract]
Operating loss				$ (472)				$ (635)
Interest and other expense:
Interest income				10				15
Interest expense				(80)				(223)
Other income, net				13				13
Total interest and other expense, net				(57)				(195)
Income (loss) before taxes				(529)				(830)
Income tax expense				43				161
Net income (loss)				(572)				(991)
Less: cumulative dividends allocated to preferred shareholders				9				9
Net income (loss) attributable to common shareholders				$ (581)				$ (1,000)
Earnings Per Share [Abstract]
Basic (in dollars per share)				$ (1.82)				$ (3.14)
Diluted (in dollars per share)				$ (1.82)				$ (3.14)
Adjustment
Income Statement [Abstract]
Operating loss				$ 0				$ 0
Interest and other expense:
Interest income				0				0
Interest expense				0				0
Other income, net				1				14
Total interest and other expense, net				1				14
Income (loss) before taxes				1				14
Income tax expense				0				(2)
Net income (loss)				1				16
Less: cumulative dividends allocated to preferred shareholders				0				0
Net income (loss) attributable to common shareholders				$ 1				$ 16
Earnings Per Share [Abstract]
Basic (in dollars per share)				$ 0				$ 0.05
Diluted (in dollars per share)				$ 0				$ 0.05

Shareholders' Equity and Convertible Preferred Stock - Schedule of RSUs and PSUs (Details) - Restricted Stock Units And Performance Share Units $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Mar. 29, 2024 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	13.8
Granted (in shares) \| shares	5.7
Vested (in shares) \| shares	(4.9)
Forfeited (in shares) \| shares	(1.4)
Outstanding, ending balance (in shares) \| shares	13.2
Weighted Average Grant Date Fair Value
Outstanding, beginning balance, grant date fair value (in dollars per share) \| $ / shares	$ 46.56
Granted, grant date fair value (in dollars per share) \| $ / shares	38.31
Vested, grant date fair value (in dollars per share) \| $ / shares	47.62
Forfeited, grant date fair value (in dollars per share) \| $ / shares	45.76
Outstanding, ending balance, grant date fair value (in dollars per share) \| $ / shares	$ 43.36
Aggregate value of restricted stock awards vested \| $	$ 228

Employee Termination, Asset Impairment, and Other - Schedule of Components of Activities (Details) - Business Realignment $ in Millions	9 Months Ended
	Mar. 29, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Accrual balance at June 30, 2023	$ 36
Charges	75
Cash payments	(83)
Accrual balance at March 29, 2024	28
Employee Termination Benefits
Restructuring Reserve [Roll Forward]
Accrual balance at June 30, 2023	31
Charges	44
Cash payments	(74)
Accrual balance at March 29, 2024	1
Contract Termination and Other
Restructuring Reserve [Roll Forward]
Accrual balance at June 30, 2023	5
Charges	31
Cash payments	(9)
Accrual balance at March 29, 2024	$ 27

Supplemental Financial Statement Data - Schedule of Other Liabilities (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Other liabilities:
Non-current net tax payable	$ 201	$ 464
Non-current portion of unrecognized tax benefits	552	408
Other non-current liabilities	680	543
Total other liabilities	$ 1,433	$ 1,415

Supplier Finance Program (Details) - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Supplier Finance Program [Line Items]
Supplier finance program, obligation	$ 37	$ 38
Minimum
Supplier Finance Program [Line Items]
Supplier finance program, payment timing, period	60 days
Maximum
Supplier Finance Program [Line Items]
Supplier finance program, payment timing, period	90 days

Fair Value Measurements and Investments - Schedule of Related Costs and Fair Values Based on Quoted Market Prices (Details) - USD ($) $ in Millions	Mar. 29, 2024	Nov. 03, 2023	Jun. 30, 2023
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%	4.75%
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	6.93%
3.00% convertible notes due 2028 \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.00%	3.00%	3.00%
2.85% senior notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%		2.85%
3.10% senior notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%		3.10%
Carrying Value
Debt Instrument [Line Items]
Long-term debt	$ 7,768		$ 7,070
Carrying Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	0		1,099
Carrying Value \| Variable interest rate Delayed Draw Term Loan due 2024
Debt Instrument [Line Items]
Long-term debt	300		0
Carrying Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,295		2,293
Carrying Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,615		2,687
Carrying Value \| 3.00% convertible notes due 2028
Debt Instrument [Line Items]
Long-term debt	1,566		0
Carrying Value \| 2.85% senior notes due 2029
Debt Instrument [Line Items]
Long-term debt	496		496
Carrying Value \| 3.10% senior notes due 2032
Debt Instrument [Line Items]
Long-term debt	496		495
Level 2 \| Fair Value
Debt Instrument [Line Items]
Long-term debt	8,299		6,692
Level 2 \| Fair Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	0		1,067
Level 2 \| Fair Value \| Variable interest rate Delayed Draw Term Loan due 2024
Debt Instrument [Line Items]
Long-term debt	300		0
Level 2 \| Fair Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,253		2,193
Level 2 \| Fair Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,556		2,661
Level 2 \| Fair Value \| 3.00% convertible notes due 2028
Debt Instrument [Line Items]
Long-term debt	2,351		0
Level 2 \| Fair Value \| 2.85% senior notes due 2029
Debt Instrument [Line Items]
Long-term debt	436		400
Level 2 \| Fair Value \| 3.10% senior notes due 2032
Debt Instrument [Line Items]
Long-term debt	$ 403		$ 371

Supplemental Financial Statement Data - Schedule of Warranty Accrual (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	$ 202	$ 289	$ 244	$ 345
Charges to operations	28	26	76	83
Utilization	(29)	(43)	(112)	(137)
Changes in estimate related to pre-existing warranties	2	0	(5)	(19)
Warranty accrual, end of period	$ 203	$ 272	$ 203	$ 272

Shareholders' Equity and Convertible Preferred Stock - Schedule of Employee Service Share-based Compensation, Unrecognized Costs (Details) $ in Millions	9 Months Ended
	Mar. 29, 2024 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 487
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 454
Weighted Average Service Period	2 years 4 months 24 days
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 33
Weighted Average Service Period	8 months 12 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Supplemental Financial Statement Data - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 29, 2023 USD ($) project	Mar. 29, 2024 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Proceeds on sale of trade accounts receivable		$ 623	$ 626
Factored receivables outstanding		102		$ 150
Intangible assets, net		$ 72		$ 80
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible gross carrying amount	$ 8
Projects that reached technological feasibility \| project	1
Useful life	3 years

Shareholders' Equity and Convertible Preferred Stock (Tables)

9 Months Ended

Mar. 29, 2024

Share-Based Payment Arrangement [Abstract]

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


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)

RSUs and PSUs	$	65	$	63	$	198	$	217
ESPP	12		11		28		29
Total	$	77	$	74	$	226	$	246


	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Cost of revenue	$	11	$	12	$	37	$	38
Research and development	36		37		102		116
Selling, general and administrative	30		25		87		92

Subtotal	77		74		226		246
Tax benefit	(10)		(11)		(30)		(35)
Total	$	67	$	63	$	196	$	211

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 March 29, 2024:


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

RSUs and PSUs (1)	$	454	2.4
ESPP	33		0.7
Total unamortized compensation cost	$	487

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

Schedule of Stock Options

The following table summarizes stock option activity under the Company’s incentive plans. As of March 29, 2024, there were no remaining outstanding options.


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






























Options outstanding at June 30, 2023	0.3	$	44.95	0.10



Canceled or expired	(0.3)	44.95
Options outstanding at March 29, 2024	—	$	—

Schedule of 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 June 30, 2023	13.8	$	46.56
Granted	5.7	38.31

Vested	(4.9)	47.62		$	228
Forfeited	(1.4)	45.76
RSUs and PSUs outstanding at March 29, 2024	13.2	$	43.36

Supplemental Financial Statement Data - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 10,068	$ 12,245	$ 10,964	$ 12,323
Other comprehensive loss before reclassifications			(251)
Amounts reclassified from accumulated other comprehensive loss			151
Income tax benefit related to items of other comprehensive loss	18	(6)	12	(39)
Other comprehensive income (loss), net of tax	(143)	6	(88)	204
Ending balance	10,121	11,741	10,121	11,741
Actuarial Pension Losses
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(2)
Other comprehensive loss before reclassifications			0
Amounts reclassified from accumulated other comprehensive loss			0
Income tax benefit related to items of other comprehensive loss			0
Other comprehensive income (loss), net of tax			0
Ending balance	(2)		(2)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(389)
Other comprehensive loss before reclassifications			(55)
Amounts reclassified from accumulated other comprehensive loss			0
Income tax benefit related to items of other comprehensive loss			1
Other comprehensive income (loss), net of tax			(54)
Ending balance	(443)	(9)	(443)	(9)
Unrealized Losses on Derivative Contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(157)
Other comprehensive loss before reclassifications			(196)
Amounts reclassified from accumulated other comprehensive loss			151
Income tax benefit related to items of other comprehensive loss			11
Other comprehensive income (loss), net of tax			(34)
Ending balance	(191)		(191)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(493)	(381)	(548)	(579)
Ending balance	$ (636)	$ (375)	$ (636)	$ (375)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 1,894	$ 2,023
Accounts receivable, net	1,800	1,598
Inventories	3,215	3,698
Other current assets	623	567
Total current assets	7,532	7,886
Non-current assets:
Property, plant and equipment, net	3,253	3,620
Notes receivable and investments in Flash Ventures	1,099	1,410
Goodwill	10,034	10,037
Other intangible assets, net	78	80
Other non-current assets	1,805	1,513
Total assets	23,801	24,546
Current liabilities:
Accrued expenses	972	1,288
Income taxes payable	476	999
Accrued compensation	445	349
Current portion of long-term debt	450	1,213
Total current liabilities	4,053	5,434
Non-current liabilities:
Long-term debt	7,318	5,857
Other liabilities	1,433	1,415
Total liabilities	12,804	12,706
Commitments and contingencies (Notes 9, 10, 12 and 16)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 1 shares; aggregate liquidation preference of $968 and $924, respectively	876	876
Shareholders’ equity:
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 326 shares and 322 shares, respectively	3	3
Additional paid-in capital	4,018	3,936
Accumulated other comprehensive loss	(636)	(548)
Retained earnings	6,736	7,573
Total shareholders’ equity	10,121	10,964
Total liabilities, convertible preferred stock and shareholders’ equity	23,801	24,546
Nonrelated Party
Current liabilities:
Accounts payable	1,400	1,293
Related Party
Current liabilities:
Accounts payable	$ 310	$ 292