Western Digital (WDC) 10-Q10 May 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 31, 2023	Apr. 26, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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		319,937,433
Entity Central Index Key	0000106040
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Current assets:
Cash and cash equivalents	$ 2,220	$ 2,327
Accounts receivable, net	1,591	2,804
Inventories	3,979	3,638
Other current assets	693	684
Total current assets	8,483	9,453
Property, plant and equipment, net	3,668	3,670
Notes receivable and investments in Flash Ventures	1,379	1,396
Goodwill	10,041	10,041
Other intangible assets, net	97	213
Other non-current assets	1,483	1,486
Total assets	25,151	26,259
Current liabilities:
Accounts payable	1,307	1,902
Accounts payable to related parties	265	320
Accrued expenses	1,158	1,636
Income taxes payable	1,013	869
Accrued compensation	343	510
Current portion of long-term debt	1,175	0
Total current liabilities	5,261	5,237
Long-term debt	5,898	7,022
Other liabilities	1,505	1,779
Total liabilities	12,664	14,038
Commitments and contingencies (Notes 10, 11, 13 and 16)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 0.9 shares and 0 shares, respectively	876	0
Shareholders’ equity:
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 320 shares and 315 shares, respectively	3	3
Additional paid-in capital	3,831	3,733
Accumulated other comprehensive loss	(362)	(554)
Retained earnings	8,139	9,039
Total shareholders’ equity	11,611	12,221
Total liabilities, convertible preferred stock and shareholders’ equity	$ 25,151	$ 26,259

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Jul. 01, 2022
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)	900,000	0
Convertible preferred stock, shares outstanding (in shares)	900,000	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	450,000,000	450,000,000
Common stock, shares issued (in shares)	320,000,000	315,000,000
Common stock, shares outstanding (in shares)	320,000,000	315,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Income Statement [Abstract]
Revenue, net	$ 2,803	$ 4,381	$ 9,646	$ 14,265
Cost of revenue	2,517	3,200	7,851	9,836
Gross profit	286	1,181	1,795	4,429
Operating expenses:
Research and development	476	572	1,551	1,725
Selling, general and administrative	242	281	739	851
Employee termination, asset impairment, and other charges	40	4	140	24
Total operating expenses	758	857	2,430	2,600
Operating income (loss)	(472)	324	(635)	1,829
Interest and other income (expense):
Interest income	10	1	15	4
Interest expense	(80)	(75)	(223)	(229)
Other income, net	13	12	13	8
Total interest and other expense, net	(57)	(62)	(195)	(217)
Income (loss) before taxes	(529)	262	(830)	1,612
Income tax expense	43	237	161	413
Net income (loss)	(572)	25	(991)	1,199
Less: income attributable to preferred shareholders	9	0	9	0
Net income (loss) attributable to common shareholders	$ (581)	$ 25	$ (1,000)	$ 1,199
Income (loss) per common share:
Basic (in dollars per share)	$ (1.82)	$ 0.08	$ (3.14)	$ 3.84
Diluted (in dollars per share)	$ (1.82)	$ 0.08	$ (3.14)	$ 3.79
Weighted average shares outstanding:
Basic (in shares)	319	313	318	312
Diluted (in shares)	319	316	318	316

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (572)	$ 25	$ (991)	$ 1,199
Other comprehensive income (loss), before tax:
Actuarial pension gain (loss)	(1)	1	(1)	2
Foreign currency translation adjustment	(7)	(82)	8	(123)
Net unrealized gain (loss) on derivative contracts and available-for-sale securities	21	(74)	233	(51)
Total other comprehensive income (loss), before tax	13	(155)	240	(172)
Income tax benefit (expense) related to items of other comprehensive income (loss), before tax	(6)	15	(48)	12
Other comprehensive income (loss), net of tax	7	(140)	192	(160)
Total comprehensive income (loss)	$ (565)	$ (115)	$ (799)	$ 1,039

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Cash flows from operating activities
Net income (loss)	$ (991)	$ 1,199
Adjustments to reconcile net income (loss) to net cash provided by operations:
Depreciation and amortization	643	708
Stock-based compensation	246	249
Deferred income taxes	34	41
Gain on disposal of assets	(7)	(14)
Non-cash portion of asset impairment	18	0
Amortization of debt issuance costs and discounts	9	34
Other non-cash operating activities, net	6	42
Changes in:
Accounts receivable, net	1,213	(96)
Inventories	(341)	(45)
Accounts payable	(442)	(100)
Accounts payable to related parties	(54)	(2)
Accrued expenses	(484)	2
Income taxes payable	144	(50)
Accrued compensation	(169)	(149)
Other assets and liabilities, net	(165)	(234)
Net cash (used in) provided by operating activities	(340)	1,585
Cash flows from investing activities
Purchases of property, plant and equipment	(702)	(842)
Proceeds from the sale of property, plant and equipment	14	13
Notes receivable issuances to Flash Ventures	(496)	(496)
Notes receivable proceeds from Flash Ventures	542	519
Strategic investments and other, net	22	(16)
Net cash used in investing activities	(620)	(822)
Cash flows from financing activities
Issuance of stock under employee stock plans	49	62
Taxes paid on vested stock awards under employee stock plans	(69)	(85)
Net proceeds from convertible preferred stock	882	0
Repayments of debt	(1,180)	(3,471)
Proceeds from debt	1,180	1,894
Debt issuance costs	(6)	(23)
Net cash provided by (used in) financing activities	856	(1,623)
Effect of exchange rate changes on cash	(3)	(5)
Net decrease in cash and cash equivalents	(107)	(865)
Cash and cash equivalents, beginning of year	2,327	3,370
Cash and cash equivalents, end of period	2,220	2,505
Supplemental disclosure of cash flow information:
Cash paid for income taxes	181	376
Cash paid for interest	252	221
Noncash exchange of TLA-1 notes for TLA-2 notes	$ 0	$ 2,104

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFRRED STOCK AND SHAREHOLDERS’ EQUITY - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury 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
Common stock, beginning balance (in shares) at Jul. 02, 2021			312
Beginning balance at Jul. 02, 2021	$ 10,721		$ 3	$ (232)	$ 3,608		$ (197)	$ 7,539
Treasury stock, beginning balance (in shares) at Jul. 02, 2021				(4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	610							610
Employee stock plans (in shares)				3
Employee stock plans	(76)			$ 207	(283)
Stock-based compensation	76				76
Actuarial pension gain	1						1
Foreign currency translation adjustment	4						4
Net unrealized gain (loss) on derivative contracts	25						25
Common stock, ending balance (in shares) at Oct. 01, 2021			312
Ending balance at Oct. 01, 2021	11,361		$ 3	$ (25)	3,401		(167)	8,149
Treasury stock, ending balance (in shares) at Oct. 01, 2021				(1)
Common stock, beginning balance (in shares) at Jul. 02, 2021			312
Beginning balance at Jul. 02, 2021	10,721		$ 3	$ (232)	3,608		(197)	7,539
Treasury stock, beginning balance (in shares) at Jul. 02, 2021				(4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,199
Common stock, ending balance (in shares) at Apr. 01, 2022			313
Ending balance at Apr. 01, 2022	11,984		$ 3	$ 0	3,600		(357)	8,738
Treasury stock, ending balance (in shares) at Apr. 01, 2022				0
Common stock, beginning balance (in shares) at Oct. 01, 2021			312
Beginning balance at Oct. 01, 2021	11,361		$ 3	$ (25)	3,401		(167)	8,149
Treasury stock, beginning balance (in shares) at Oct. 01, 2021				(1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	564							564
Employee stock plans (in shares)			1	1
Employee stock plans	56			$ 25	31
Stock-based compensation	87				87
Foreign currency translation adjustment	(45)						(45)
Net unrealized gain (loss) on derivative contracts	(5)						(5)
Common stock, ending balance (in shares) at Dec. 31, 2021			313
Ending balance at Dec. 31, 2021	12,018		$ 3	$ 0	3,519		(217)	8,713
Treasury stock, ending balance (in shares) at Dec. 31, 2021				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25							25
Employee stock plans	(5)				(5)
Stock-based compensation	86				86
Actuarial pension gain	1						1
Foreign currency translation adjustment	(82)						(82)
Net unrealized gain (loss) on derivative contracts	(59)						(59)
Common stock, ending balance (in shares) at Apr. 01, 2022			313
Ending balance at Apr. 01, 2022	$ 11,984		$ 3	$ 0	3,600		(357)	8,738
Treasury stock, ending balance (in shares) at Apr. 01, 2022				0
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		315
Beginning balance at Jul. 01, 2022	$ 12,221	$ (37)	$ 3		3,733	$ (128)	(554)	9,039	$ 91
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	27							27
Employee stock plans (in shares)			3
Employee stock plans	(50)				(50)
Stock-based compensation	86				86
Foreign currency translation adjustment	(80)						(80)
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	$ 12,107		$ 3		3,641		(694)	9,157
Beginning balance (in shares) at Jul. 01, 2022	0
Beginning balance at Jul. 01, 2022	$ 0
Ending balance (in shares) at Mar. 31, 2023	0.9
Ending balance at Mar. 31, 2023	$ 876
Common stock, beginning balance (in shares) at Jul. 01, 2022	315		315
Beginning balance at Jul. 01, 2022	$ 12,221	$ (37)	$ 3		3,733	$ (128)	(554)	9,039	$ 91
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (991)
Common stock, ending balance (in shares) at Mar. 31, 2023	320		320
Ending balance at Mar. 31, 2023	$ 11,611		$ 3		3,831		(362)	8,139
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	12,107		$ 3		3,641		(694)	9,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(446)							(446)
Employee stock plans (in shares)			1
Employee stock plans	43				43
Stock-based compensation	86				86
Foreign currency translation adjustment	97						97
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	$ 12,115		$ 3		3,770		(369)	8,711
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	0.9
Ending balance at Mar. 31, 2023	$ 876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(572)							(572)
Employee stock plans	(13)				(13)
Stock-based compensation	74				74
Actuarial pension gain	(1)						(1)
Foreign currency translation adjustment	(8)						(8)
Net unrealized gain (loss) on derivative contracts	$ 16						16
Common stock, ending balance (in shares) at Mar. 31, 2023	320		320
Ending balance at Mar. 31, 2023	$ 11,611		$ 3		$ 3,831		$ (362)	$ 8,139

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Mar. 31, 2023
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 flash-based products (“Flash”) and hard disk drives (“HDD”) technologies. With dedicated Flash and HDD business units driving advancements in storage technologies, the Company creates and drives innovations needed to help customers capture, preserve, access, and transform an ever-increasing diversity of data. The accounting policies followed by the Company are set forth in Part II, Item 8, Note 1, Organization and Basis of Presentation, of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10‑K for the year ended July 1, 2022. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. All such adjustments are of a normal, recurring nature. Certain information and footnote disclosures normally included in the Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10‑K for the year ended July 1, 2022. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year. Fiscal Year The Company’s fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, the Company reports a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal years 2023, which ends on June 30, 2023, and 2022, which ended on July 1, 2022, 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 and HDD. The Company’s Chief Operating Decision Maker (“CODM”) evaluates performance of the Company and makes decisions regarding 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 not available or reviewed by the CODM to evaluate the performance of or to allocate resources to the segments. 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. Income (Loss) per Common Share

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock and results in fewer instruments with embedded conversion features being separately recognized from the host contract as compared with prior standards. Those instruments that do not have a separately recognized embedded conversion feature will no longer recognize a debt issuance discount related to such a conversion feature and would recognize less interest expense on a periodic basis. Additionally, the ASU amends the calculation of the share dilution impact related to a conversion feature and eliminates the treasury method as an option. The Company adopted the new standard effective July 2, 2022, the first day of the year ending June 30, 2023, using the modified retrospective method. On the date of adoption, the Company recorded a reduction in Additional Paid-In Capital of $128 million, a reduction of unamortized debt discount o f $48 million, a reduction of deferred income tax liabilities of $11 million, and an increase to retained earnings of $91 million for the after-tax impact of previously recognized amortization of the debt discount associated with the Co mpany’s convertible senior notes. In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance” (“ASU 2021-10”). ASU 2021-10 increases the transparency of government assistance received by requiring most business entities to disclose information about government assistance received, including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This ASU is effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2021, which for the Company is the first quarter of 2023. The Company adopted this ASU on July 2, 2022, the first day of the year ending June 30, 2023, and the adoption did not have a material impact on its Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Not Yet Adopted In September 2022, the FASB issued ASU No. 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU is effective for fiscal years beginning after December 15, 2022, which for the Company is the first quarter of 2024, with early adoption permitted, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company is currently evaluating the extent of the impact of this ASU on its Condensed Consolidated Financial Statements.

Business Segments, Geographic I

Business Segments, Geographic Information, and Concentrations of Risk	9 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Business Segments, Geographic Information, and Concentrations of Risk	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 31, April 1, March 31, April 1, $ in millions Net revenue: Flash $ 1,307 $ 2,243 $ 4,686 $ 7,353 HDD 1,496 2,138 4,960 6,912 Total net revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265 Gross profit: Flash $ (65) $ 798 $ 597 $ 2,665 HDD 363 592 1,237 2,061 Total gross profit for segments 298 1,390 1,834 4,726 Unallocated corporate items: Stock-based compensation expense (12) (13) (38) (36) Amortization of acquired intangible assets — — (1) (65) Contamination related charges — (203) — (203) Recoveries from a power outage incident — 7 — 7 Total unallocated corporate items (12) (209) (39) (297) Consolidated gross profit $ 286 $ 1,181 $ 1,795 $ 4,429 Gross margin: Flash (5.0) % 35.6 % 12.7 % 36.2 % HDD 24.3 % 27.7 % 24.9 % 29.8 % Consolidated gross margin 10.2 % 27.0 % 18.6 % 31.0 % 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, which the Company believes it is uniquely positioned to address as the only provider of both Flash and HDD. 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 31, April 1, March 31, April 1, (in millions) Revenue by End Market Cloud $ 1,205 $ 1,774 $ 4,258 $ 5,919 Client 975 1,732 3,293 5,439 Consumer 623 875 2,095 2,907 Total Revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265 Revenue by Geography Asia $ 1,353 $ 2,400 $ 4,533 $ 7,685 Americas 935 1,377 3,448 4,398 Europe, Middle East and Africa 515 604 1,665 2,182 Total Revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265 The Company’s top 10 customers accounted for 49% and 45% of its net revenue for the three and nine months ended March 31, 2023, respectively, and 44% and 43% of its net revenue for the three and nine months ended April 1, 2022, respectively. For the three and nine months ended March 31, 2023 and April 1, 2022, no single customer accounted for 10% or more of the Company’s net revenue. Goodwill The following table provides a summary of goodwill activity for the period: Flash HDD Total (in millions) Balance at July 1, 2022 $ 5,718 $ 4,323 $ 10,041 Foreign currency translation adjustment — — — Balance at March 31, 2023 $ 5,718 $ 4,323 $ 10,041 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. The Company uses qualitative factors to determine whether goodwill is more-likely-than-not impaired and whether a quantitative test for impairment is considered necessary. If the Company concludes from the qualitative assessment that goodwill is more-likely-than-not-impaired, the Company is required to perform a quantitative approach to determine the amount of impairment. As of December 30, 2022, management identified several continuing factors, including changes in macroeconomic conditions and recent declines of the Company’s market stock price, that warranted quantitative analyses of impairments for both the Flash and HDD reporting units as of such date. The fair value of each operating segment was based on a weighting of two valuation methodologies: an income approach and a market approach. The income approach was based on the present value of the projected discounted cash flows (“DCF”) expected to be generated by the operating segment. Those projections required the use of significant estimates and assumptions specific to the reporting unit as well as those based on general economic conditions, which included, among other factors, revenue growth rates, gross margins, operating costs, capital expenditures, assumed tax rates and other assumptions deemed reasonable by management. The present value was based on applying a weighted average cost of capital (“WACC”) which considered long-term interest rates and cost of equity based on the Company’s risk profile. The market approach was based on a guideline company method, which analyzed market multiples of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) for a group of comparable public companies. The Company reconciled the aggregated estimated fair value of both operating segments to the Company’s market capitalization, including consideration of a control premium representing the estimated amount a market participant would pay to obtain a controlling interest in the Company. As of December 30, 2022, the fair value derived from those valuation methodologies exceeded the carrying value by 9% and 28% for Flash and HDD, respectively. Management performed a goodwill impairment assessment for both reporting units as of the third quarter ended March 31, 2023. The assessment considered the continuing macroeconomic environment, industry conditions, reporting unit performance and revised forecasts, and determined there were no events or circumstances from prior quarter’s quantitative assessment that rise to a level that would more-likely-than-not reduce the fair value of the reporting units below their carrying value; therefore, no quantitative goodwill impairment analysis was performed. There were no impairment charges recorded for the three and nine months ended March 31, 2023. The Company is required to use judgment when assessing goodwill for impairment, including evaluating the impact of industry and macroeconomic conditions, the determination of the fair value of each reporting unit and the assignment of assets and liabilities to reporting units. In addition, the estimates used to determine the fair value of reporting units as well as their actual carrying value may change based on future changes in the Company’s results of operations, macroeconomic conditions or other factors. Changes in these estimates could materially affect the Company’s assessment of the fair value and goodwill impairment. In addition, if negative macroeconomic conditions continue or worsen or the Company’s stock price decreases for a sustained period of time, goodwill could become impaired, which could result in an impairment charge and materially adversely affect the Company’s financial condition and results of operations.

Revenues

Revenues	9 Months Ended
Revenues	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Contract assets represent the Company’s rights to consideration where performance obligations are completed but the customer payments are not due until another performance obligation is satisfied. The Company did not have any contract assets as of either March 31, 2023 or July 1, 2022 . Contract liabilities relate to customers’ payments in advance of performance under the contract and primarily relate to remaining performance obligations under professional service and support and maintenance contracts. Contract liabilities as of March 31, 2023 and July 1, 2022 and changes in contract liabilities for the nine months ended March 31, 2023 and April 1, 2022 were not material. The Company incurs sales commissions and other direct incremental costs to obtain sales contracts. The Company has applied the practical expedient to recognize the direct incremental costs of obtaining contracts as an expense when incurred if the amortization period is expected to be one year or less or the amount is not material, with these costs charged to Selling, general and administrative expenses. The Company had no direct incremental costs to obtain contracts that have an expected benefit of greater than one year. The Company applies the practical expedients and does not disclose transaction price allocated to the remaining performance obligations for (i) arrangements that have an original expected duration of one year or less, which mainly consist of the support and maintenance contracts, and (ii) variable consideration amounts for sale-based or usage-based royalties for intellectual property license arrangements, which typically range longer than one year. Remaining performance obligations are mainly attributed to right-to-access patent license arrangements, professional service arrangements and customer support and service contracts which will be recognized over the remaining contract period. The transaction price allocated to the remaining performance obligations as of March 31, 2023 was not material.

Supplemental Financial Statemen

Supplemental Financial Statement Data	9 Months Ended
Supplemental Financial Statement Data	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Statement Data	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 31, 2023 and April 1, 2022, the Company sold trade accounts receivable aggregating $626 million and $100 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 31, 2023 and July 1, 2022, the amount of factored receivables that remained outstanding was $235 million and $300 million, respectively. Inventories March 31, July 1, (in millions) Inventories: Raw materials and component parts $ 2,204 $ 1,603 Work-in-process 1,025 1,162 Finished goods 750 873 Total inventories $ 3,979 $ 3,638 Property, plant and equipment, net March 31, July 1, (in millions) Property, plant and equipment: Land $ 269 $ 269 Buildings and improvements 1,957 1,920 Machinery and equipment 8,716 8,642 Computer equipment and software 510 494 Furniture and fixtures 55 54 Construction-in-process 756 591 Property, plant and equipment, gross 12,263 11,970 Accumulated depreciation (8,595) (8,300) Property, plant and equipment, net $ 3,668 $ 3,670 Other Intangible assets, net March 31, July 1, (in millions) Other Intangible assets: Finite-lived intangible assets $ 5,493 $ 5,493 In-process research and development 80 80 Accumulated amortization (5,476) (5,360) Other Intangible assets, net $ 97 $ 213 As part of prior acquisitions, the Company recorded at the time of the acquisition acquired in-process research and development (“IPR&D”) for projects in progress that had not yet reached technological feasibility. IPR&D is initially accounted for as an indefinite-lived intangible asset. Once a project reaches technological feasibility, the Company reclassifies the balance to existing technology and begins to amortize the intangible asset over its estimated useful life. Product warranty liability Changes in the warranty accrual were as follows: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Warranty accrual, beginning of period $ 289 $ 351 $ 345 $ 363 Charges to operations 26 35 83 111 Utilization (43) (20) (137) (71) Changes in estimate related to pre-existing warranties — (11) (19) (48) Warranty accrual, end of period $ 272 $ 355 $ 272 $ 355 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 31, July 1, (in millions) Warranty accrual: Current portion (included in Accrued expenses) $ 117 $ 162 Long-term portion (included in Other liabilities) 155 183 Total warranty accrual $ 272 $ 345 Other liabilities March 31, July 1, (in millions) Other liabilities: Non-current net tax payable $ 462 $ 659 Non-current portion of unrecognized tax benefits 439 477 Other non-current liabilities 604 643 Total other liabilities $ 1,505 $ 1,779 Accumulated other comprehensive loss Accumulated other comprehensive loss (“AOCI”), net of tax refers to expenses, gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income. The following table illustrates the changes in the balances of each component of AOCI: Actuarial Pension Losses Foreign Currency Translation Adjustment Unrealized Losses on Derivative Contracts Total Accumulated Comprehensive Loss (in millions) Balance at July 1, 2022 $ (11) $ (277) $ (266) $ (554) Other comprehensive income before reclassifications (1) 8 (17) (10) Amounts reclassified from accumulated other comprehensive loss — — 250 250 Income tax benefit related to items of other comprehensive loss — 1 (49) (48) Net current-period other comprehensive income (1) 9 184 192 Balance at March 31, 2023 $ (12) $ (268) $ (82) $ (362) During the three and nine months ended March 31, 2023, the amounts reclassified out of AOCI were losses related to foreign exchange contracts and gains related to interest rate swap contracts. Losses reclassified out of AOCI related to foreign exchange contracts were $79 million and $260 million for the three and nine months ended March 31, 2023, respectively, that were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations. Gains reclassified out of AOCI related to interest rate swap contracts were $6 million and $10 million for the three and nine months ended March 31, 2023, respectively, that were charged to Interest expense in the Condensed Consolidated Statements of Operations.

Fair Value Measurements and Inv

Fair Value Measurements and Investments	9 Months Ended
Fair Value Measurements and Investments	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements and Investments	Fair Value Measurements and Investments Financial Instruments Carried at Fair Value Financial assets and liabilities that are remeasured and reported at fair value at each reporting period are classified and disclosed in one of the following three levels: Level 1. Quoted prices in active markets for identical assets or liabilities. Level 2. Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3. Inputs that are unobservable for the asset or liability and that are significant to the fair value of the assets or liabilities. The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2023 and July 1, 2022, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values: March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets: Cash equivalents - Money market funds $ 146 $ — $ — $ 146 Foreign exchange contracts — 72 — 72 Total assets at fair value $ 146 $ 72 $ — $ 218 Liabilities: Foreign exchange contracts $ — $ 46 $ — $ 46 Total liabilities at fair value $ — $ 46 $ — $ 46 July 1, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets: Cash equivalents - Money market funds $ 266 $ — $ — $ 266 Foreign exchange contracts — 61 — 61 Interest rate swap contracts — 3 — 3 Total assets at fair value $ 266 $ 64 $ — $ 330 Liabilities: Foreign exchange contracts $ — $ 316 $ — $ 316 Total liabilities at fair value $ — $ 316 $ — $ 316 During the periods presented, the Company had no transfers of financial assets and liabilities between levels and there were no changes in valuation techniques or the inputs used in the fair value measurement. Financial Instruments Not Carried at Fair Value For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the third quarter of 2023 and the fourth quarter of 2022, respectively. March 31, 2023 July 1, 2022 Carrying Fair Carrying Fair (in millions) 1.50% convertible notes due 2024 $ 1,098 $ 1,063 $ 1,048 $ 1,040 4.75% senior unsecured notes due 2026 2,292 2,219 2,291 2,205 Variable interest rate Term Loan A-2 maturing 2027 2,692 2,651 2,693 2,621 2.85% senior unsecured notes due 2029 496 408 495 412 3.10% senior unsecured notes due 2032 495 378 495 389 Total $ 7,073 $ 6,719 $ 7,022 $ 6,667

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
Derivative Instruments and Hedging Activities	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities As of March 31, 2023, 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. 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 31, 2023 and April 1, 2022, total net realized and unrealized transaction and foreign exchange contract currency gains and losses were not material to the Company’s Condensed Consolidated Financial Statements. Unrealized gains or losses on designated cash flow hedges are recognized in AOCI. For more information regarding cash flow hedges, see Note 5, 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 31, 2023 and July 1, 2022, 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.

Debt

Debt	9 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Debt consisted of the following: March 31, July 1, (in millions) 1.50% convertible notes due 2024 $ 1,100 $ 1,100 4.75% senior unsecured notes due 2026 2,300 2,300 Variable interest rate Term Loan A-2 maturing 2027 2,700 2,700 2.85% senior unsecured notes due 2029 500 500 3.10% senior unsecured notes due 2032 500 500 Total debt 7,100 7,100 Issuance costs and debt discounts (27) (78) Subtotal 7,073 7,022 Less current portion of long-term debt (1,175) — Long-term debt $ 5,898 $ 7,022 During the nine months ended March 31, 2023, the Company drew and repaid $1.18 billion principal amount under its $2.25 billion revolving credit facility maturing in January 2027 (the “2027 Revolving Credit Facility”). In December 2022, the Company amended the credit agreement governing the 2027 Revolving Credit Facility and Term Loan A-2 for the purposes of providing flexibility by adjusting the leverage ratio requirements of the financial covenant thereunder through the Company’s quarter ending September 27, 2024 (such period, the “Covenant Relief Period”). As amended, the Company is required to maintain a maximum ratio (“Leverage Ratio”) of total funded debt to trailing twelve-month Consolidated Adjusted EBITDA (as defined in the Credit Agreement) at the end of each quarter as follows: Quarter ending: Leverage ratio March 31, 2023 3.75 to 1.00 June 30, 2023 4.75 to 1.00 September 29, 2023 5.00 to 1.00 December 29, 2023 4.75 to 1.00 March 29, 2024 4.50 to 1.00 June 28, 2024 4.25 to 1.00 September 27, 2024 3.75 to 1.00 December 27, 2024 and thereafter 3.25 to 1.00 As of March 31, 2023, the Company was in compliance with this financial covenant. The amendment also provides that the due date for amounts outstanding under the Credit Agreement will be accelerated from January 7, 2027 to November 2, 2023 if, as of that date, the Company does not have cash and cash equivalents plus available unused capacity under its credit facilities that exceed by $1 billion the sum of the outstanding balance of the 1.50% convertible notes due 2024 plus the outstanding principal amount of any other debt maturing within 12 months. In addition, during the Covenant Relief Period, the amendment requires certain subsidiaries of the Company to provide guarantees if the corporate family ratings of the Company from at least two of Standard & Poor’s Ratings Services, Moody’s Investors Service, Inc. and Fitch, Inc. (the “Credit Rating Agencies”) drops below investment grade and includes limits on secured indebtedness and certain types of unsecured subsidiary indebtedness. In January 2023, the Company entered into a loan agreement (the “Delayed Draw Term Loan Agreement”), which allows the Company to draw a single unsecured loan of up to $875 million (the “Delayed Draw Term Loan”) through June 30, 2023. The Delayed Draw Term Loan Agreement may be terminated, at the election of the Company, at any time without premium or penalty, subject to certain conditions. As of March 31, 2023, the Company had not drawn on the Delayed Draw Term Loan. Any amount drawn under the Delayed Draw Term Loan Agreement will mature 364 days following the date of the initial draw. However, the due date will be accelerated to November 2, 2023 if conditions for acceleration of amounts due under the Credit Agreement have been triggered as described above. The Delayed Draw Term Loan will bear 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 the Credit Rating Agencies. The Company will also pay an unused commitment fee on the Delayed Draw Term Loan Agreement of 0.200%. The key covenants, limitations and requirements provided under the Credit Agreement amendment noted above also apply to the Delayed Draw Term Loan Agreement. As described in Note 2, Recent Accounting Pronouncements, the Company adopted ASU 2020-06 effective July 2, 2022, using a modified retrospective method, which resulted in the elimination of the originally recorded debt discount associated with the conversion feature on its 1.50% convertible notes due 2024.

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefit Plans	9 Months Ended
Pension and Other Post-Retirement Benefit Plans	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Post-Retirement Benefit Plans	Pension and Other Post-Retirement Benefit Plans The Company has pension and other post-retirement benefit plans in various countries. The Company’s principal pension plans are in Japan, Thailand and the Philippines. All pension and other post-retirement benefit plans outside of the Company’s Japan, Thailand and 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 31, July 1, (in millions) Benefit obligation at end of period $ 305 $ 294 Fair value of plan assets at end of period 194 189 Unfunded status $ 111 $ 105 The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets: March 31, July 1, (in millions) Current liabilities $ 1 $ 1 Non-current liabilities 110 104 Net amount recognized $ 111 $ 105

Related Parties and Related Com

Related Parties and Related Commitments and Contingencies	9 Months Ended
Related Parties and Related Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Related Parties and Related Commitments and Contingencies	Related Parties and Related Commitments and Contingencies 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 31, July 1, (in millions) Notes receivable, Flash Partners $ 47 $ 27 Notes receivable, Flash Alliance 62 55 Notes receivable, Flash Forward 727 793 Investment in Flash Partners 173 166 Investment in Flash Alliance 253 243 Investment in Flash Forward 117 112 Total notes receivable and investments in Flash Ventures $ 1,379 $ 1,396 During the three and nine months ended March 31, 2023 and April 1, 2022, the Company made net payments to Flash Ventures of $1.2 billion and $3.2 billion, and $1.1 billion and $3.4 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 31, 2023 and July 1, 2022, the Company had accounts payable balances due to Flash Ventures of $265 million and $320 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 31, 2023, 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 31, (in millions) Notes receivable $ 836 Equity investments 543 Operating lease guarantees 1,876 Inventory and prepayments 1,073 Maximum estimable loss exposure $ 4,328 The Company is obligated to pay for variable costs incurred in producing its share of Flash Ventures’ flash-based memory wafer supply, based on its three-month forecast, which generally equals 50% of Flash Ventures’ output. In addition, the Company is obligated to pay for half of Flash Ventures’ fixed costs regardless of the output the Company chooses to purchase. The Company is not able to estimate its total wafer purchase commitment obligation beyond its rolling three-month purchase commitment because the price is determined by reference to the future cost of producing the semiconductor wafers. In addition, the Company is committed to fund 49.9% to 50.0% of each Flash Ventures entity’s capital investments to the extent that each Flash Ventures entity’s operating cash flow is insufficient to fund these investments. In January 2022, the Company entered into additional agreements regarding Flash Ventures’ investment in a new wafer fabrication facility currently under construction in Yokkaichi, Japan, referred to as “Y7”. The primary purpose of Y7 is to provide clean room space to continue the transition of existing flash-based wafer capacity to newer flash technology nodes. The Company is committed to pay, among other items, future building depreciation prepayments aggregating approximately $70 million as follows: $47 million for the remaining three months of 2023 and $23 million in 2024, to 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 31, 2023. Lease Amounts (Japanese yen, in billions) (U.S. dollar, in millions) Total guarantee obligations ¥ 250 $ 1,876 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 31, 2023 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of March 31, 2023: Annual Installments Payment of Principal Amortization Purchase Option Exercise Price at Final Lease Terms Guarantee Amount (in millions) Remaining three months of 2023 $ 144 $ 31 $ 175 2024 480 98 578 2025 271 90 361 2026 297 135 432 2027 104 115 219 2028 and thereafter 24 87 111 Total guarantee obligations $ 1,320 $ 556 $ 1,876 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 31, 2023, no amounts have been accrued in the Condensed Consolidated Financial Statements with respect to these indemnification agreements. Unis Venture The Company has a joint venture with Unisplendour Corporation Limited and Unissoft (Wuxi) Group Co. Ltd. (“Unis”), referred to as the “Unis Venture”, to market and sell the Company’s products in China and to develop data storage systems for the Chinese market in the future. The Unis Venture is 49% owned by the Company and 51% owned by Unis. The Company accounts for its investment in the Unis Venture under the equity method of accounting. Revenue on products distributed by the Unis Venture is recognized upon sell through to third-party customers. For both the three and nine months ended March 31, 2023, the Company recognized approximately 3% of its consolidated revenue on products distributed by the Unis Venture. For both the three and nine months ended April 1, 2022, the Company recognized approximately 5% of its consolidated revenue on products distributed by the Unis Venture. The outstanding accounts receivable due from the Unis Venture were 7% and 5% of Accounts receivable, net as of March 31, 2023 and July 1, 2022, respectively.

Leases and Other Commitments

Leases and Other Commitments	9 Months Ended
Leases and Other Commitments	Mar. 31, 2023
Leases [Abstract]
Leases and Other Commitments	Leases and Other Commitments Leases The Company leases certain domestic and international facilities and data center space under long-term, non-cancelable operating leases that expire at various dates through 2034. These leases include no material variable or contingent lease payments. Operating lease assets and liabilities are recognized based on the present value of the remaining lease payments discounted using the Company’s incremental borrowing rate. Operating lease assets also include prepaid lease payments minus any lease incentives. Extension or termination options present in the Company’s lease agreements are included in determining the right-of-use asset and lease liability when it is reasonably certain the Company will exercise those options. Lease expense is recognized on a straight-line basis over the lease term. The following table summarizes supplemental balance sheet information related to operating leases as of March 31, 2023: Lease Amounts ($ in millions) Minimum lease payments by year: Remaining three months of 2023 $ 13 2024 48 2025 46 2026 46 2027 42 Thereafter 149 Total future minimum lease payments 344 Less: Imputed interest 52 Present value of lease liabilities 292 Less: Current portion (included in Accrued expenses 41 Long-term operating lease liabilities (included in Other liabilities $ 251 Operating lease right-of-use assets (included in Other non-current assets $ 268 Weighted average remaining lease term in years 7.8 Weighted average discount rate 4.2 % The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Cost of operating leases $ 15 $ 15 $ 43 $ 42 Cash paid for operating leases 12 13 38 37 Operating lease assets obtained in exchange for operating lease liabilities 10 9 14 132 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 31, 2023, the Company had the following minimum long-term commitments: Long-Term Commitments (in millions) Year: Remaining three months of 2023 $ 62 2024 206 2025 182 2026 54 2027 46 Thereafter 159 Total $ 709

Shareholders' Equity and Conver

Shareholders' Equity and Convertible Preferred Stock	9 Months Ended
Shareholders' Equity and Convertible Preferred Stock	Mar. 31, 2023
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 31, April 1, March 31, April 1, (in millions) RSUs and PSUs $ 63 $ 75 $ 217 $ 220 ESPP 11 11 29 29 Total $ 74 $ 86 $ 246 $ 249 Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Cost of revenue $ 12 $ 13 $ 38 $ 36 Research and development 37 43 116 126 Selling, general and administrative 25 30 92 87 Subtotal 74 86 246 249 Tax benefit (11) (9) (35) (37) Total $ 63 $ 77 $ 211 $ 212 Windfall tax benefits and tax deficiencies for shortfalls related to the vesting and exercise of stock-based awards, which are recognized as a component of the Company’s Income tax expense, were not material for the periods presented. Compensation cost related to unvested RSUs, PSUs, and rights to purchase shares of common stock under the ESPP will generally be amortized on a straight-line basis over the remaining average service period. The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of March 31, 2023: Unamortized Compensation Costs Weighted Average Service Period (in millions) (years) RSUs and PSUs (1) $ 521 2.4 ESPP 77 1.7 Total unamortized compensation cost $ 598 (1) Weighted average service period assumes the performance metrics are met for the PSUs. Plan Activities Stock Options The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at March 31, 2023: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life (in millions) (in years) Options outstanding at July 1, 2022 0.9 $ 66.76 0.54 Canceled or expired (0.5) 83.10 Options outstanding at March 31, 2023 0.4 $ 44.76 0.33 RSUs and PSUs The following table summarizes RSU and PSU activity under the Company’s incentive plans: Number of Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value at Vest Date (in millions) (in millions) RSUs and PSUs outstanding at July 1, 2022 15.4 $ 52.89 Granted 6.1 41.52 Vested (5.7) 53.78 $ 237 Forfeited (1.3) 55.61 RSUs and PSUs outstanding at March 31, 2023 14.5 $ 47.50 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. Dividend provisions The Preferred Shares will have a stated value of $1,000 per share and 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 will also participate in any dividends declared for common shareholders on an as-converted equivalent basis. As of March 31, 2023, (i) no dividends have been declared or paid since the issuance of the Preferred Shares, and (ii) unpaid and cumulative dividends payable with respect to the Preferred Shares were $9 million. Conversion rights The Preferred Shares will be convertible into shares of the Company’s common stock at an initial conversion rate of $47.75 per share (the “Conversion Price”) (subject to anti-dilution adjustments and certain other one-time adjustments upon the occurrence of various specified spin-off transactions) applied to the aggregate sum of the stated value of the Preferred Shares plus any cumulative accrued but unpaid dividends (the “Accumulated Stated Value”). In the event of a standalone spin-off transaction, the holders of Preferred Shares may have one third of their Preferred Shares converted to a similar class of preferred shares of the spin-off entity. The Preferred Shares will be convertible at the option of the holder upon the earlier of on January 31, 2024, and the date a specified spin-off transaction is completed, unless the Company enters into a definitive agreement with respect to a sale, merger or combination of the spun-off entity, in which case the twelve (12) month period will be extended until the earlier of the consummation of such transaction or the termination of the definitive agreement. The Preferred Shares will be convertible at the option of the Company after January 31, 2026 if the closing price per share of the Company’s common stock exceeds 150% of the Conversion Price for at least 20 out of 30 consecutive trading days immediately prior to the Company’s conversion notice. As of March 31, 2023, the Preferred Shares outstanding would have been convertible, if otherwise permitted, into 19 million shares of common stock. Redemption After January 31, 2030, the Company will have the right, but not the obligation, to redeem the Preferred Shares for an amount in cash equal to 110% of the Accumulated Stated Value. Redemption is contingently mandatory in the event of a fundamental change in the business as defined in the designation of the Preferred Shares. The Preferred Shares has been classified as mezzanine equity in the Company’s Condensed Consolidated Balance Sheets because, in the event of certain fundamental change in the business that are not solely within the control of the Company, the Preferred Shares would become redeemable at the option of the holders. The Company did not adjust the carrying values of the Preferred Shares to the current redemption value of such shares since a liquidation event was not probable at any of the balance sheet dates. Subsequent adjustments to increase or decrease the carrying values to the ultimate redemption value will be made only if and when it becomes probable that such a fundamental change in the business will occur. Voting right The Preferred Shares will vote, to the extent permitted under the Nasdaq listing rules, on an as-converted equivalent basis along with holders of the Company’s common stock. Liquidation preference In the event of any voluntary or involuntary liquidation, holders of the Preferred Shares will be senior to the holders of the Company’s common stock and the liquidation preference is the greater of (i) the sum of amount in cash equal to 110% of the Accumulated Stated Value plus accrued and unpaid dividends and (ii) the payment that the holders of Preferred Shares would have received had all Preferred Shares been converted into common stock immediately prior to such liquidation, before any distributions are made to common shareholders and all other classes of junior capital stock of the Company. As of March 31, 2023, the total aggregate liquidation preference was $909 million. Stock Repurchase Program The Company’s Board of Directors has authorized a stock repurchase program for the repurchase of up to $5.0 billion of the Company’s common stock, which authorization is effective through July 25, 2023. The Company did not make any stock repurchases during the nine months ended March 31, 2023 and has not repurchased any shares of its common stock pursuant to its stock repurchase program since the first quarter of fiscal 2019. Although the Company will reevaluate the repurchasing of common stock when appropriate, there can be no assurance if, when or at what level the Company may resume such activity. The remaining amount available to be repurchased under the Company’s current stock repurchase program as of March 31, 2023 was $4.5 billion. Repurchases under the stock repurchase program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan.

Income Tax Expense

Income Tax Expense	9 Months Ended
Income Tax Expense	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense	Income Tax Expense The Tax Cuts and Jobs Act (the “2017 Act”), enacted on December 22, 2017, includes a broad range of tax reform proposals affecting businesses. The Company completed its accounting for the tax effects of the enactment of the 2017 Act during the second quarter of fiscal 2019. However, the U.S. Treasury and the Internal Revenue Service (“IRS”) have issued tax guidance on certain provisions of the 2017 Act since the enactment date, and the Company anticipates the issuance of additional regulatory and interpretive guidance. The Company applied a reasonable interpretation of the 2017 Act along with the then-available guidance in finalizing its accounting for the tax effects of the 2017 Act. Any additional regulatory or interpretive guidance would constitute new information, which may require further refinements to the Company’s estimates in future periods. 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 of 15% on corporations with three-year average annual adjusted financial statement income exceeding $1 billion. The corporate alternative minimum tax will not be effective for the Company until fiscal year 2024 and the Company is currently evaluating the potential effects of these legislative changes. The following table presents the Company’s Income tax expense and the effective tax rate: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, ($ in millions) Income (loss) before taxes $ (529) $ 262 $ (830) $ 1,612 Income tax expense 43 237 161 413 Effective tax rate (8) % 90 % (19) % 26 % Beginning in fiscal year 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 31, 2023 but did not have a material impact on the effective tax rate. 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 that will expire at various dates during fiscal years 2024 through 2031. The primary drivers of the difference between the effective tax rate for the three and nine months ended April 1, 2022 and the U.S. Federal statutory rate of 21% are the relative mix of earnings and losses by jurisdiction, the deduction for foreign derived intangible income, credits, and tax holidays in Malaysia, the Philippines and Thailand. In addition, the effective tax rate for the three and nine months ended April 1, 2022 includes the discrete effect of an increase to unrecognized tax benefits, which includes interest and offsetting tax benefits, as a result of settlement discussions with various taxing authorities of $194 million and $219 million, respectively. 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 three months ended March 31, 2023 (in millions): Accrual balance at July 1, 2022 $ 1,047 Gross increases related to current year tax positions 6 Gross increases related to prior year tax positions 3 Gross decreases related to prior year tax positions (25) Settlements (5) Lapse of statute of limitations (3) Accrual balance at March 31, 2023 $ 1,023 As of March 31, 2023, the liability for unrecognized tax benefits (excluding accrued interest and penalties) was $1.02 billion. 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 31, 2023 was $280 million. Of these amounts, approximately $1.16 billion could result in potential cash payments. As previously disclosed, the IRS issued statutory notices of deficiency and notices of proposed adjustments with respect to transfer pricing with the Company’s foreign subsidiaries and intercompany payable balances for years 2008 through 2015. The Company and the IRS reached an agreement on the federal tax and interest calculations with respect to years 2008 through 2012 for which the Company expects to pay tax and interest totaling approximately $620 million to $650 million within the next twelve months. The Company and the IRS have also reached a tentative settlement for the years 2013 through 2015 for which the Company expects to pay tax and interest totaling approximately $100 million to $110 million. The Company is uncertain as to when a final agreement for years 2013 through 2015 will be reached and the exact timing of when these payments will be made. However, the Company believes it is reasonably likely that these payments 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 its Condensed Consolidated Balance Sheets as of March 31, 2023. This classification and amount may be subject to change in the next twelve months depending on when the Company is able to reach a final agreement with the IRS. In connection with these settlements, the Company expects to realize reductions to its mandatory deemed repatriation tax obligations and tax savings from interest deductions aggregating to approximately $100 million to $150 million in future years. The Company believes that adequate provision has been made for any adjustments that may result from any other tax examinations. However, the outcome of such tax examinations cannot be predicted with certainty. If any issues addressed in the Company’s tax examinations are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. Any significant change in the amount of the Company’s liability for unrecognized tax benefits would most likely result from additional information or settlements relating to the examination of the Company’s tax returns.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	9 Months Ended
Net Income (Loss) Per Common Share	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	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 31, April 1, March 31, April 1, (in millions, except per share data) Net income (loss) $ (572) $ 25 $ (991) $ 1,199 Less: cumulative dividends on Preferred Stock 9 — 9 — Net income (loss) attributable to common shareholders $ (581) $ 25 $ (1,000) $ 1,199 Weighted average shares outstanding: Basic 319 313 318 312 Employee stock options, RSUs, PSUs, and ESPP — 3 — 4 Diluted 319 316 318 316 Income (loss) per common shares Basic $ (1.82) $ 0.08 $ (3.14) $ 3.84 Diluted $ (1.82) $ 0.08 $ (3.14) $ 3.79 Anti-dilutive potential common shares excluded 15 5 15 4 The Company computes basic income (loss) per common share by dividing net income attributable to common shareholders and the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is computed by using diluted net income attributable to common shareholders, the weighted average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method or the “if-converted” method based on the nature of the securities. Basic 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 Company's convertible Preferred Stock and the treasury stock method is used to determine the dilutive impact of unvested restricted stock.

Employee Termination, Asset Imp

Employee Termination, Asset Impairment, and Other Charges	9 Months Ended
Employee Termination, Asset Impairment, and Other Charges	Mar. 31, 2023
Postemployment Benefits [Abstract]
Employee Termination, Asset Impairment, and Other Charges	Employee Termination, Asset Impairment, and Other Charges Business Realignment The Company periodically incurs charges as part of the integration process of recent acquisitions and to realign its operations with anticipated market demand, primarily consisting of organization rationalization designed to streamline its business, reduce its cost structure and focus its resources. The Company recorded the following charges related to these actions: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Employee termination benefits $ 40 $ 4 $ 125 $ 22 Asset impairments and other charges — — 15 2 Total employee termination, asset impairment, and other charges $ 40 $ 4 $ 140 $ 24 The following table presents an analysis of the components of these activities against the reserve during the nine months ended March 31, 2023: Employee Termination Benefits (in millions) Accrual balance at July 1, 2022 $ 17 Charges 125 Cash payments (126) Accrual balance at March 31, 2023 $ 16

Legal Proceedings

Legal Proceedings	9 Months Ended
Legal Proceedings	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings Tax For disclosures regarding statutory notices of deficiency issued by the IRS on June 28, 2018 and December 10, 2018, petitions filed by the Company with the U.S. Tax Court in September 2018 and March 2019, additional penalties asserted by the IRS in March 2021 and further Amendments to Answers filed by the IRS in June 2021 and January 2022, and the status of resolution with respect to certain matters, see Note 13, Income Tax Expense . Other Matters In the normal course of business, the Company is subject to legal proceedings, lawsuits and other claims. Although the ultimate aggregate amount of probable monetary liability or financial impact with respect to these other matters is subject to many uncertainties, management believes that any monetary liability or financial impact to the Company from these matters, individually and in the aggregate, would not be material to the Company’s financial condition, results of operations or cash flows. However, any monetary liability and financial impact to the Company from these matters could differ materially from the Company’s expectations.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
Organization and Basis of Presentation (Policies)	Mar. 31, 2023
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 flash-based products (“Flash”) and hard disk drives (“HDD”) technologies. With dedicated Flash and HDD business units driving advancements in storage technologies, the Company creates and drives innovations needed to help customers capture, preserve, access, and transform an ever-increasing diversity of data. The accounting policies followed by the Company are set forth in Part II, Item 8, Note 1, Organization and Basis of Presentation, of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10‑K for the year ended July 1, 2022. In the opinion of management, all adjustments necessary to fairly state the Condensed Consolidated Financial Statements have been made. All such adjustments are of a normal, recurring nature. Certain information and footnote disclosures normally included in the Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in the Company’s Annual Report on Form 10‑K for the year ended July 1, 2022. 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 years 2023, which ends on June 30, 2023, and 2022, which ended on July 1, 2022, 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 and HDD. The Company’s Chief Operating Decision Maker (“CODM”) evaluates performance of the Company and makes decisions regarding 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 not available or reviewed by the CODM to evaluate the performance of or to allocate resources to the segments.
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.
Income Per Common Share	Income (Loss) per Common ShareThe Company computes net income (loss) per common share using a two-class method when shares are issued that meet the definition of participating securities. The two-class method determines net income (loss) per common share for each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class method requires undistributed earnings for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The Company’s convertible preferred stock contractually entitles the holders of such shares to participate in dividends but does not contractually require the holders of such shares to participate in the Company’s losses.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock and results in fewer instruments with embedded conversion features being separately recognized from the host contract as compared with prior standards. Those instruments that do not have a separately recognized embedded conversion feature will no longer recognize a debt issuance discount related to such a conversion feature and would recognize less interest expense on a periodic basis. Additionally, the ASU amends the calculation of the share dilution impact related to a conversion feature and eliminates the treasury method as an option. The Company adopted the new standard effective July 2, 2022, the first day of the year ending June 30, 2023, using the modified retrospective method. On the date of adoption, the Company recorded a reduction in Additional Paid-In Capital of $128 million, a reduction of unamortized debt discount o f $48 million, a reduction of deferred income tax liabilities of $11 million, and an increase to retained earnings of $91 million for the after-tax impact of previously recognized amortization of the debt discount associated with the Co mpany’s convertible senior notes. In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance” (“ASU 2021-10”). ASU 2021-10 increases the transparency of government assistance received by requiring most business entities to disclose information about government assistance received, including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This ASU is effective for fiscal years (and interim periods within those fiscal years) beginning after December 15, 2021, which for the Company is the first quarter of 2023. The Company adopted this ASU on July 2, 2022, the first day of the year ending June 30, 2023, and the adoption did not have a material impact on its Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Not Yet Adopted In September 2022, the FASB issued ASU No. 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU is effective for fiscal years beginning after December 15, 2022, which for the Company is the first quarter of 2024, with early adoption permitted, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company is currently evaluating the extent of the impact of this ASU on its Condensed Consolidated Financial Statements.
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.

Business Segments, Geographic_2

Business Segments, Geographic Information, and Concentrations of Risk (Tables)	9 Months Ended
	Mar. 31, 2023
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 31, April 1, March 31, April 1, $ in millions Net revenue: Flash $ 1,307 $ 2,243 $ 4,686 $ 7,353 HDD 1,496 2,138 4,960 6,912 Total net revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265 Gross profit: Flash $ (65) $ 798 $ 597 $ 2,665 HDD 363 592 1,237 2,061 Total gross profit for segments 298 1,390 1,834 4,726 Unallocated corporate items: Stock-based compensation expense (12) (13) (38) (36) Amortization of acquired intangible assets — — (1) (65) Contamination related charges — (203) — (203) Recoveries from a power outage incident — 7 — 7 Total unallocated corporate items (12) (209) (39) (297) Consolidated gross profit $ 286 $ 1,181 $ 1,795 $ 4,429 Gross margin: Flash (5.0) % 35.6 % 12.7 % 36.2 % HDD 24.3 % 27.7 % 24.9 % 29.8 % Consolidated gross margin 10.2 % 27.0 % 18.6 % 31.0 %
Schedule of Disaggregation of Revenue	The Company’s disaggregated revenue information is as follows: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Revenue by End Market Cloud $ 1,205 $ 1,774 $ 4,258 $ 5,919 Client 975 1,732 3,293 5,439 Consumer 623 875 2,095 2,907 Total Revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265 Revenue by Geography Asia $ 1,353 $ 2,400 $ 4,533 $ 7,685 Americas 935 1,377 3,448 4,398 Europe, Middle East and Africa 515 604 1,665 2,182 Total Revenue $ 2,803 $ 4,381 $ 9,646 $ 14,265
Schedule of Goodwill	The following table provides a summary of goodwill activity for the period: Flash HDD Total (in millions) Balance at July 1, 2022 $ 5,718 $ 4,323 $ 10,041 Foreign currency translation adjustment — — — Balance at March 31, 2023 $ 5,718 $ 4,323 $ 10,041

Supplemental Financial Statem_2

Supplemental Financial Statement Data (Tables)	9 Months Ended
Supplemental Financial Statement Data (Tables)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventories	Inventories March 31, July 1, (in millions) Inventories: Raw materials and component parts $ 2,204 $ 1,603 Work-in-process 1,025 1,162 Finished goods 750 873 Total inventories $ 3,979 $ 3,638
Schedule of Property, Plant and Equipment, Net	Property, plant and equipment, net March 31, July 1, (in millions) Property, plant and equipment: Land $ 269 $ 269 Buildings and improvements 1,957 1,920 Machinery and equipment 8,716 8,642 Computer equipment and software 510 494 Furniture and fixtures 55 54 Construction-in-process 756 591 Property, plant and equipment, gross 12,263 11,970 Accumulated depreciation (8,595) (8,300) Property, plant and equipment, net $ 3,668 $ 3,670
Schedule of Other Intangible Assets	Other Intangible assets, net March 31, July 1, (in millions) Other Intangible assets: Finite-lived intangible assets $ 5,493 $ 5,493 In-process research and development 80 80 Accumulated amortization (5,476) (5,360) Other Intangible assets, net $ 97 $ 213
Schedule of Product Warranty Liability	Product warranty liability Changes in the warranty accrual were as follows: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Warranty accrual, beginning of period $ 289 $ 351 $ 345 $ 363 Charges to operations 26 35 83 111 Utilization (43) (20) (137) (71) Changes in estimate related to pre-existing warranties — (11) (19) (48) Warranty accrual, end of period $ 272 $ 355 $ 272 $ 355 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 31, July 1, (in millions) Warranty accrual: Current portion (included in Accrued expenses) $ 117 $ 162 Long-term portion (included in Other liabilities) 155 183 Total warranty accrual $ 272 $ 345
Schedule of Other Liabilities	Other liabilities March 31, July 1, (in millions) Other liabilities: Non-current net tax payable $ 462 $ 659 Non-current portion of unrecognized tax benefits 439 477 Other non-current liabilities 604 643 Total other liabilities $ 1,505 $ 1,779
Schedule of Accumulated Other Comprehensive Loss	The following table illustrates the changes in the balances of each component of AOCI: Actuarial Pension Losses Foreign Currency Translation Adjustment Unrealized Losses on Derivative Contracts Total Accumulated Comprehensive Loss (in millions) Balance at July 1, 2022 $ (11) $ (277) $ (266) $ (554) Other comprehensive income before reclassifications (1) 8 (17) (10) Amounts reclassified from accumulated other comprehensive loss — — 250 250 Income tax benefit related to items of other comprehensive loss — 1 (49) (48) Net current-period other comprehensive income (1) 9 184 192 Balance at March 31, 2023 $ (12) $ (268) $ (82) $ (362)

Fair Value Measurements and I_2

Fair Value Measurements and Investments (Tables)	9 Months Ended
Fair Value Measurements and Investments (Tables)	Mar. 31, 2023
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 31, 2023 and July 1, 2022, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values: March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets: Cash equivalents - Money market funds $ 146 $ — $ — $ 146 Foreign exchange contracts — 72 — 72 Total assets at fair value $ 146 $ 72 $ — $ 218 Liabilities: Foreign exchange contracts $ — $ 46 $ — $ 46 Total liabilities at fair value $ — $ 46 $ — $ 46 July 1, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets: Cash equivalents - Money market funds $ 266 $ — $ — $ 266 Foreign exchange contracts — 61 — 61 Interest rate swap contracts — 3 — 3 Total assets at fair value $ 266 $ 64 $ — $ 330 Liabilities: Foreign exchange contracts $ — $ 316 $ — $ 316 Total liabilities at fair value $ — $ 316 $ — $ 316
Schedule of Related Costs And Fair Values Based On Quoted Market Prices	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 2023 and the fourth quarter of 2022, respectively. March 31, 2023 July 1, 2022 Carrying Fair Carrying Fair (in millions) 1.50% convertible notes due 2024 $ 1,098 $ 1,063 $ 1,048 $ 1,040 4.75% senior unsecured notes due 2026 2,292 2,219 2,291 2,205 Variable interest rate Term Loan A-2 maturing 2027 2,692 2,651 2,693 2,621 2.85% senior unsecured notes due 2029 496 408 495 412 3.10% senior unsecured notes due 2032 495 378 495 389 Total $ 7,073 $ 6,719 $ 7,022 $ 6,667

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following: March 31, July 1, (in millions) 1.50% convertible notes due 2024 $ 1,100 $ 1,100 4.75% senior unsecured notes due 2026 2,300 2,300 Variable interest rate Term Loan A-2 maturing 2027 2,700 2,700 2.85% senior unsecured notes due 2029 500 500 3.10% senior unsecured notes due 2032 500 500 Total debt 7,100 7,100 Issuance costs and debt discounts (27) (78) Subtotal 7,073 7,022 Less current portion of long-term debt (1,175) — Long-term debt $ 5,898 $ 7,022
Schedule of Leverage Ratio	As amended, the Company is required to maintain a maximum ratio (“Leverage Ratio”) of total funded debt to trailing twelve-month Consolidated Adjusted EBITDA (as defined in the Credit Agreement) at the end of each quarter as follows: Quarter ending: Leverage ratio March 31, 2023 3.75 to 1.00 June 30, 2023 4.75 to 1.00 September 29, 2023 5.00 to 1.00 December 29, 2023 4.75 to 1.00 March 29, 2024 4.50 to 1.00 June 28, 2024 4.25 to 1.00 September 27, 2024 3.75 to 1.00 December 27, 2024 and thereafter 3.25 to 1.00

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefit Plans (Tables)	9 Months Ended
Pension and Other Post-Retirement Benefit Plans (Tables)	Mar. 31, 2023
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 31, July 1, (in millions) Benefit obligation at end of period $ 305 $ 294 Fair value of plan assets at end of period 194 189 Unfunded status $ 111 $ 105
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 31, July 1, (in millions) Current liabilities $ 1 $ 1 Non-current liabilities 110 104 Net amount recognized $ 111 $ 105

Related Parties and Related C_2

Related Parties and Related Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2023
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 31, July 1, (in millions) Notes receivable, Flash Partners $ 47 $ 27 Notes receivable, Flash Alliance 62 55 Notes receivable, Flash Forward 727 793 Investment in Flash Partners 173 166 Investment in Flash Alliance 253 243 Investment in Flash Forward 117 112 Total notes receivable and investments in Flash Ventures $ 1,379 $ 1,396
Schedule of Variable Interest Entity Maximum Loss Exposure	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 31, 2023, 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 31, (in millions) Notes receivable $ 836 Equity investments 543 Operating lease guarantees 1,876 Inventory and prepayments 1,073 Maximum estimable loss exposure $ 4,328
Schedule of Guarantor Obligations	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 31, 2023. Lease Amounts (Japanese yen, in billions) (U.S. dollar, in millions) Total guarantee obligations ¥ 250 $ 1,876
Schedule of Remaining Guarantee Obligations	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 31, 2023 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of March 31, 2023: Annual Installments Payment of Principal Amortization Purchase Option Exercise Price at Final Lease Terms Guarantee Amount (in millions) Remaining three months of 2023 $ 144 $ 31 $ 175 2024 480 98 578 2025 271 90 361 2026 297 135 432 2027 104 115 219 2028 and thereafter 24 87 111 Total guarantee obligations $ 1,320 $ 556 $ 1,876

Leases and Other Commitments (T

Leases and Other Commitments (Tables)	9 Months Ended
Leases and Other Commitments (Tables)	Mar. 31, 2023
Leases [Abstract]
Schedule of Supplemental Balance Sheet Disclosures	The following table summarizes supplemental balance sheet information related to operating leases as of March 31, 2023: Lease Amounts ($ in millions) Minimum lease payments by year: Remaining three months of 2023 $ 13 2024 48 2025 46 2026 46 2027 42 Thereafter 149 Total future minimum lease payments 344 Less: Imputed interest 52 Present value of lease liabilities 292 Less: Current portion (included in Accrued expenses 41 Long-term operating lease liabilities (included in Other liabilities $ 251 Operating lease right-of-use assets (included in Other non-current assets $ 268 Weighted average remaining lease term in years 7.8 Weighted average discount rate 4.2 %
Schedule of Supplemental Cash Flow Disclosures	The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Cost of operating leases $ 15 $ 15 $ 43 $ 42 Cash paid for operating leases 12 13 38 37 Operating lease assets obtained in exchange for operating lease liabilities 10 9 14 132
Schedule of Long-term Purchase Agreements	As of March 31, 2023, the Company had the following minimum long-term commitments: Long-Term Commitments (in millions) Year: Remaining three months of 2023 $ 62 2024 206 2025 182 2026 54 2027 46 Thereafter 159 Total $ 709

Shareholders' Equity and Conv_2

Shareholders' Equity and Convertible Preferred Stock (Tables)	9 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award	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 31, April 1, March 31, April 1, (in millions) RSUs and PSUs $ 63 $ 75 $ 217 $ 220 ESPP 11 11 29 29 Total $ 74 $ 86 $ 246 $ 249 Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Cost of revenue $ 12 $ 13 $ 38 $ 36 Research and development 37 43 116 126 Selling, general and administrative 25 30 92 87 Subtotal 74 86 246 249 Tax benefit (11) (9) (35) (37) Total $ 63 $ 77 $ 211 $ 212
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 31, 2023: Unamortized Compensation Costs Weighted Average Service Period (in millions) (years) RSUs and PSUs (1) $ 521 2.4 ESPP 77 1.7 Total unamortized compensation cost $ 598 (1) Weighted average service period assumes the performance metrics are met for the PSUs.
Schedule of Stock Option Activity	The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at March 31, 2023: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life (in millions) (in years) Options outstanding at July 1, 2022 0.9 $ 66.76 0.54 Canceled or expired (0.5) 83.10 Options outstanding at March 31, 2023 0.4 $ 44.76 0.33
Schedule of Restricted Stock Unit	The following table summarizes RSU and PSU activity under the Company’s incentive plans: Number of Shares Weighted Average Grant Date Fair Value Aggregate Intrinsic Value at Vest Date (in millions) (in millions) RSUs and PSUs outstanding at July 1, 2022 15.4 $ 52.89 Granted 6.1 41.52 Vested (5.7) 53.78 $ 237 Forfeited (1.3) 55.61 RSUs and PSUs outstanding at March 31, 2023 14.5 $ 47.50

Income Tax Expense (Tables)

Income Tax Expense (Tables)	9 Months Ended
Income Tax Expense (Tables)	Mar. 31, 2023
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 31, April 1, March 31, April 1, ($ in millions) Income (loss) before taxes $ (529) $ 262 $ (830) $ 1,612 Income tax expense 43 237 161 413 Effective tax rate (8) % 90 % (19) % 26 %
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 three months ended March 31, 2023 (in millions): Accrual balance at July 1, 2022 $ 1,047 Gross increases related to current year tax positions 6 Gross increases related to prior year tax positions 3 Gross decreases related to prior year tax positions (25) Settlements (5) Lapse of statute of limitations (3) Accrual balance at March 31, 2023 $ 1,023

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	9 Months Ended
Net Income (Loss) Per Common Share (Tables)	Mar. 31, 2023
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 31, April 1, March 31, April 1, (in millions, except per share data) Net income (loss) $ (572) $ 25 $ (991) $ 1,199 Less: cumulative dividends on Preferred Stock 9 — 9 — Net income (loss) attributable to common shareholders $ (581) $ 25 $ (1,000) $ 1,199 Weighted average shares outstanding: Basic 319 313 318 312 Employee stock options, RSUs, PSUs, and ESPP — 3 — 4 Diluted 319 316 318 316 Income (loss) per common shares Basic $ (1.82) $ 0.08 $ (3.14) $ 3.84 Diluted $ (1.82) $ 0.08 $ (3.14) $ 3.79 Anti-dilutive potential common shares excluded 15 5 15 4

Employee Termination, Asset I_2

Employee Termination, Asset Impairment, and Other Charges (Tables)	9 Months Ended
	Mar. 31, 2023
Postemployment Benefits [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The Company recorded the following charges related to these actions: Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (in millions) Employee termination benefits $ 40 $ 4 $ 125 $ 22 Asset impairments and other charges — — 15 2 Total employee termination, asset impairment, and other charges $ 40 $ 4 $ 140 $ 24 The following table presents an analysis of the components of these activities against the reserve during the nine months ended March 31, 2023: Employee Termination Benefits (in millions) Accrual balance at July 1, 2022 $ 17 Charges 125 Cash payments (126) Accrual balance at March 31, 2023 $ 16

Organization and Basis of Pre_3

Organization and Basis of Presentation - Additional Information (Details)	9 Months Ended
	Mar. 31, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 02, 2022	Jul. 01, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Additional paid-in capital	$ (3,831)		$ (3,733)
Retained earnings	$ 8,139		$ 9,039
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Additional paid-in capital		$ 128
Debt discount		48
Deferred income tax liabilities		11
Retained earnings		$ 91

Business Segments, Geographic_3

Business Segments, Geographic Information, and Concentrations of Risk (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Segment Reporting Information [Line Items]
Revenue, net	$ 2,803	$ 4,381	$ 9,646	$ 14,265
Gross profit	286	1,181	1,795	4,429
Stock-based compensation expense			246	249
Total operating expenses	$ 758	$ 857	$ 2,430	$ 2,600
Gross margin, percentage	10.20%	27%	18.60%	31%
Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 2,803	$ 4,381	$ 9,646	$ 14,265
Gross profit	298	1,390	1,834	4,726
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Stock-based compensation expense	(12)	(13)	(38)	(36)
Amortization of acquired intangible assets	0	0	(1)	(65)
Contamination related charges	0	(203)	0	(203)
Recoveries from a power outage incident	0	7	0	7
Total operating expenses	$ (12)	$ (209)	$ (39)	$ (297)
Flash
Segment Reporting Information [Line Items]
Gross margin, percentage	(5.00%)	35.60%	12.70%	36.20%
Flash \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 1,307	$ 2,243	$ 4,686	$ 7,353
Gross profit	$ (65)	$ 798	$ 597	$ 2,665
HDD
Segment Reporting Information [Line Items]
Gross margin, percentage	24.30%	27.70%	24.90%	29.80%
HDD \| Operating Segments
Segment Reporting Information [Line Items]
Revenue, net	$ 1,496	$ 2,138	$ 4,960	$ 6,912
Gross profit	$ 363	$ 592	$ 1,237	$ 2,061

Business Segments, Geographic_4

Business Segments, Geographic Information, and Concentrations of Risk - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Disaggregation of Revenue [Line Items]
Revenue, net	$ 2,803	$ 4,381	$ 9,646	$ 14,265
Asia
Disaggregation of Revenue [Line Items]
Revenue, net	1,353	2,400	4,533	7,685
Americas
Disaggregation of Revenue [Line Items]
Revenue, net	935	1,377	3,448	4,398
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue, net	515	604	1,665	2,182
Cloud
Disaggregation of Revenue [Line Items]
Revenue, net	1,205	1,774	4,258	5,919
Client
Disaggregation of Revenue [Line Items]
Revenue, net	975	1,732	3,293	5,439
Consumer
Disaggregation of Revenue [Line Items]
Revenue, net	$ 623	$ 875	$ 2,095	$ 2,907

Business Segments, Geographic_5

Business Segments, Geographic Information, and Concentrations of Risk - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022	Dec. 30, 2022
Flash
Concentration Risk [Line Items]
Carrying value, percentage					9%
Impairment charges	$ 0		$ 0
HDD
Concentration Risk [Line Items]
Carrying value, percentage					28%
Revenue from Contract with Customer \| Customer Concentration Risk \| Top Ten Customers
Concentration Risk [Line Items]
Concentration risk, percentage	49%	44%	45%	43%

Business Segments, Geographic_6

Business Segments, Geographic Information, and Concentrations of Risk - Goodwill Rollforward (Details) $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Balance at July 1, 2022	$ 10,041
Foreign currency translation adjustment	0
Balance at March 31, 2023	10,041
Flash
Goodwill [Roll Forward]
Balance at July 1, 2022	5,718
Foreign currency translation adjustment	0
Balance at March 31, 2023	5,718
HDD
Goodwill [Roll Forward]
Balance at July 1, 2022	4,323
Foreign currency translation adjustment	0
Balance at March 31, 2023	$ 4,323

Revenues - Revenue Remaining Pe

Revenues - Revenue Remaining Performance Obligation (Details)	Mar. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period

Supplemental Financial Statem_3

Supplemental Financial Statement Data - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Apr. 01, 2022	Jul. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Proceeds on sale of trade accounts receivable		$ 626	$ 100
Factored receivables outstanding	$ 235	235		$ 300
Other comprehensive loss, foreign currency transaction and translation adjustment, net of tax	79	260
Gain, reclassification, after tax	$ 6	$ 10

Supplemental Financial Statem_4

Supplemental Financial Statement Data - Inventory (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Inventories:
Raw materials and component parts	$ 2,204	$ 1,603
Work-in-process	1,025	1,162
Finished goods	750	873
Total inventories	$ 3,979	$ 3,638

Supplemental Financial Statem_5

Supplemental Financial Statement Data - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Property, plant and equipment:
Property, plant and equipment, gross	$ 12,263	$ 11,970
Accumulated depreciation	(8,595)	(8,300)
Property, plant and equipment, net	3,668	3,670
Land
Property, plant and equipment:
Property, plant and equipment, gross	269	269
Buildings and improvements
Property, plant and equipment:
Property, plant and equipment, gross	1,957	1,920
Machinery and equipment
Property, plant and equipment:
Property, plant and equipment, gross	8,716	8,642
Computer equipment and software
Property, plant and equipment:
Property, plant and equipment, gross	510	494
Furniture and fixtures
Property, plant and equipment:
Property, plant and equipment, gross	55	54
Construction-in-process
Property, plant and equipment:
Property, plant and equipment, gross	$ 756	$ 591

Supplemental Financial Statem_6

Supplemental Financial Statement Data - Other Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Other Intangible assets:
Finite-lived intangible assets	$ 5,493	$ 5,493
In-process research and development	80	80
Accumulated amortization	(5,476)	(5,360)
Other Intangible assets, net	$ 97	$ 213

Supplemental Financial Statem_7

Supplemental Financial Statement Data - Warranty Accrual Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	$ 289	$ 351	$ 345	$ 363
Charges to operations	26	35	83	111
Utilization	(43)	(20)	(137)	(71)
Changes in estimate related to pre-existing warranties	0	(11)	(19)	(48)
Warranty accrual, end of period	$ 272	$ 355	$ 272	$ 355

Supplemental Financial Statem_8

Supplemental Financial Statement Data - Total Warranty Accrual (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 30, 2022	Jul. 01, 2022	Apr. 01, 2022	Dec. 31, 2021	Jul. 02, 2021
Warranty accrual:
Current portion (included in Accrued expenses)	$ 117		$ 162
Long-term portion (included in Other liabilities)	155		183
Total warranty accrual	$ 272	$ 289	$ 345	$ 355	$ 351	$ 363

Supplemental Financial Statem_9

Supplemental Financial Statement Data - Other Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Other liabilities:
Non-current net tax payable	$ 462	$ 659
Non-current portion of unrecognized tax benefits	439	477
Other non-current liabilities	604	643
Total other liabilities	$ 1,505	$ 1,779

Supplemental Financial State_10

Supplemental Financial Statement Data - Accumulated Other Comprehensive Loss Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 12,115	$ 12,018	$ 12,221	$ 10,721
Other comprehensive income before reclassifications			(10)
Amounts reclassified from accumulated other comprehensive loss			250
Income tax benefit related to items of other comprehensive loss	(6)	15	(48)	12
Other comprehensive income (loss), net of tax	7	(140)	192	(160)
Ending balance	11,611	11,984	11,611	11,984
Actuarial Pension Losses
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(11)
Other comprehensive income before reclassifications			(1)
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			(1)
Ending balance	(12)		(12)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(277)
Other comprehensive income before reclassifications			8
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			9
Ending balance	(268)		(268)
Unrealized Losses on Derivative Contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(266)
Other comprehensive income before reclassifications			(17)
Amounts reclassified from accumulated other comprehensive loss			250
Income tax benefit related to items of other comprehensive loss			(49)
Other comprehensive income (loss), net of tax			184
Ending balance	(82)		(82)
Total Accumulated Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(369)	(217)	(554)	(197)
Ending balance	$ (362)	$ (357)	$ (362)	$ (357)

Fair Value Measurements and I_3

Fair Value Measurements and Investments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Assets:
Total assets at fair value	$ 218	$ 330
Liabilities:
Total liabilities at fair value	46	316
Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	146	266
Foreign exchange contracts
Assets:
Foreign exchange contracts	72	61
Liabilities:
Derivative liability	46	316
Interest rate swap contracts
Assets:
Foreign exchange contracts		3
Level 1
Assets:
Total assets at fair value	146	266
Liabilities:
Total liabilities at fair value	0	0
Level 1 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	146	266
Level 1 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	0	0
Liabilities:
Derivative liability	0	0
Level 1 \| Interest rate swap contracts
Assets:
Foreign exchange contracts		0
Level 2
Assets:
Total assets at fair value	72	64
Liabilities:
Total liabilities at fair value	46	316
Level 2 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 2 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	72	61
Liabilities:
Derivative liability	46	316
Level 2 \| Interest rate swap contracts
Assets:
Foreign exchange contracts		3
Level 3
Assets:
Total assets at fair value	0	0
Liabilities:
Total liabilities at fair value	0	0
Level 3 \| Cash equivalents - Money market funds
Assets:
Cash equivalents - Money market funds	0	0
Level 3 \| Foreign exchange contracts
Assets:
Foreign exchange contracts	0	0
Liabilities:
Derivative liability	$ 0	0
Level 3 \| Interest rate swap contracts
Assets:
Foreign exchange contracts		$ 0

Fair Value Measurements and I_4

Fair Value Measurements and Investments - Debt Instrument Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
1.50% convertible notes due 2024 \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	1.50%	1.50%
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	4.75%	4.75%
2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%	2.85%
3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%	3.10%
Level 2 \| Carrying Value
Debt Instrument [Line Items]
Long-term debt	$ 7,073	$ 7,022
Level 2 \| Carrying Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	1,098	1,048
Level 2 \| Carrying Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,292	2,291
Level 2 \| Carrying Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,692	2,693
Level 2 \| Carrying Value \| 2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Long-term debt	496	495
Level 2 \| Carrying Value \| 3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Long-term debt	495	495
Level 2 \| Fair Value
Debt Instrument [Line Items]
Long-term debt	6,719	6,667
Level 2 \| Fair Value \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Long-term debt	1,063	1,040
Level 2 \| Fair Value \| 4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Long-term debt	2,219	2,205
Level 2 \| Fair Value \| Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Long-term debt	2,651	2,621
Level 2 \| Fair Value \| 2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Long-term debt	408	412
Level 2 \| Fair Value \| 3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Long-term debt	$ 378	$ 389

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details)	9 Months Ended
Derivative Instruments and Hedging Activities (Details)	Mar. 31, 2023
Foreign Exchange Forward Contracts Designated
Derivatives, Fair Value [Line Items]
Derivative, term of contract (to not exceed) (in months)	12 months

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Debt Instrument [Line Items]
Debt instrument, carrying amount	$ 7,100	$ 7,100
Issuance costs and debt discounts	(27)	(78)
Subtotal	7,073	7,022
Less current portion of long-term debt	(1,175)	0
Long-term debt	$ 5,898	$ 7,022
4.75% senior unsecured notes due 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	4.75%	4.75%
Debt instrument, carrying amount	$ 2,300	$ 2,300
Variable interest rate Term Loan A-2 maturing 2027
Debt Instrument [Line Items]
Debt instrument, carrying amount	$ 2,700	$ 2,700
2.85% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	2.85%	2.85%
Debt instrument, carrying amount	$ 500	$ 500
3.10% senior unsecured notes due 2032
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	3.10%	3.10%
Debt instrument, carrying amount	$ 500	$ 500
Convertible Debt \| 1.50% convertible notes due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)	1.50%	1.50%
Debt instrument, carrying amount	$ 1,100	$ 1,100

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	1 Months Ended	9 Months Ended
Debt - Additional Information (Details) - USD ($)	Jan. 31, 2023	Mar. 31, 2023	Apr. 01, 2022	Jul. 02, 2022	Jul. 01, 2022
Debt Instrument [Line Items]
Repayments of debt		$ 1,180,000,000	$ 3,471,000,000
1.50% convertible notes due 2024 \| Convertible Debt
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)		1.50%			1.50%
1.50% convertible notes due 2024 \| Convertible Debt \| Cumulative Effect, Period of Adoption, Adjustment
Debt Instrument [Line Items]
Outstanding convertible note amount		$ 1,000,000,000
Debt instrument, interest rate (percentage)				1.50%
1.50% convertible notes due 2024 \| Convertible Debt \| Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Debt instrument, interest rate (percentage)				1.50%
Delayed Draw Term Loan Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt term	364 days
Commitment fee (percentage)	0.20%
Delayed Draw Term Loan Agreement \| Minimum \| SOFR \| Line of Credit
Debt Instrument [Line Items]
Variable interest rate	1.75%
Delayed Draw Term Loan Agreement \| Minimum \| Base Rate \| Line of Credit
Debt Instrument [Line Items]
Variable interest rate	0.75%
Delayed Draw Term Loan Agreement \| Maximum \| SOFR \| Line of Credit
Debt Instrument [Line Items]
Variable interest rate	2.625%
Delayed Draw Term Loan Agreement \| Maximum \| Base Rate \| Line of Credit
Debt Instrument [Line Items]
Variable interest rate	1.625%
Revolving Credit Facility \| 2027 Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount		$ 2,250,000,000
Revolving Credit Facility \| Delayed Draw Term Loan Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 875,000,000

Debt - Schedule of Leverage Rat

Debt - Schedule of Leverage Ratio (Details) - Revolving Credit Facility	Mar. 31, 2023
March 31, 2023
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	3.75
June 30, 2023
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	4.75
September 29, 2023
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	5
December 29, 2023
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	4.75
March 29, 2024
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	4.50
June 28, 2024
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	4.25
September 27, 2024
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	3.75
December 27, 2024 and thereafter
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum	3.25

Pension and Other Post-Retire_3

Pension and Other Post-Retirement Benefit Plans - Additional Information (Details)	9 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Expected long-term rate of return on plan assets	2.50%

Pension and Other Post-Retire_4

Pension and Other Post-Retirement Benefit Plans - Obligations and Funded Status (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Retirement Benefits [Abstract]
Benefit obligation at end of period	$ 305	$ 294
Fair value of plan assets at end of period	194	189
Unfunded status	$ 111	$ 105

Pension and Other Post-Retire_5

Pension and Other Post-Retirement Benefit Plans - Unfunded Amounts Recognized on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Retirement Benefits [Abstract]
Current liabilities	$ 1	$ 1
Non-current liabilities	110	104
Net amount recognized	$ 111	$ 105

Related Parties and Related C_3

Related Parties and Related Commitments and Contingencies - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($) entity	Apr. 01, 2022 USD ($)	Mar. 31, 2023 USD ($) entity	Apr. 01, 2022 USD ($)	Jul. 01, 2022 USD ($)
Guarantor Obligations [Line Items]
Number of legal entities \| entity	3		3
Accounts payable to related parties	$ 265		$ 265		$ 320
Investment funding commitments, percentage	50%		50%
Depreciation prepayments	$ 70		$ 70
Remainder of fiscal year	47		47
Next fiscal year	$ 23		$ 23
Unis Venture
Guarantor Obligations [Line Items]
Equity method investment, ownership percentage	49%		49%
Revenue from Contract with Customer \| Unis Venture \| Product Concentration Risk
Guarantor Obligations [Line Items]
Concentration risk, percentage	3%	5%	3%	5%
Accounts Receivable Benchmark \| Product Concentration Risk \| Unis Venture
Guarantor Obligations [Line Items]
Concentration risk, percentage			7%		5%
Unissoft (Wuxi) Group Co Ltd. \| Unis Venture
Guarantor Obligations [Line Items]
Partner's ownership in venture business	51%		51%
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%		50%
Equity Method Investee
Guarantor Obligations [Line Items]
Investments in flash ventures	$ 1,200	$ 1,100	$ 3,200	$ 3,400
Accounts payable to related parties	$ 265		$ 265		$ 320

Related Parties and Related C_4

Related Parties and Related Commitments and Contingencies - Equity Investments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jul. 01, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,379	$ 1,396
Flash Partners Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	47	27
Investments	173	166
Flash Alliance Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	62	55
Investments	253	243
Flash Forward Ltd
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties	727	793
Investments	117	112
Equity Method Investee
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable and investments in Flash Ventures	$ 1,379	$ 1,396

Related Parties and Related C_5

Related Parties and Related Commitments and Contingencies - Maximum Loss Exposure (Details) - Mar. 31, 2023 - Equity Method Investee $ in Millions, ¥ in Billions	USD ($)	JPY (¥)
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	$ 4,328
Notes receivable
Guarantor Obligations [Line Items]
VIE, reporting entity involvement, maximum loss exposure, amount	836
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	1,876	¥ 250
Inventory and prepayments
Guarantor Obligations [Line Items]
Inventory and prepayments	$ 1,073

Related Parties and Related C_6

Related Parties and Related Commitments and Contingencies - JV Lease Guarantees (Details) - Mar. 31, 2023 $ in Millions, ¥ in Billions	JPY (¥)	USD ($)
Operating lease guarantees \| Equity Method Investee
Loss Contingencies [Line Items]
Total guarantee obligations	¥ 250	$ 1,876

Related Parties and Related C_7

Related Parties and Related Commitments and Contingencies - Joint Venture Lease Amounts (Details) - Equity Method Investee $ in Millions	Mar. 31, 2023 USD ($)
Guarantor Obligations [Line Items]
Remaining three months of 2023	$ 175
2024	578
2025	361
2026	432
2027	219
2028 and thereafter	111
Total guarantee obligations	1,876
Payment of Principal Amortization
Guarantor Obligations [Line Items]
Remaining three months of 2023	144
2024	480
2025	271
2026	297
2027	104
2028 and thereafter	24
Total guarantee obligations	1,320
Purchase Option Exercise Price at Final Lease Terms
Guarantor Obligations [Line Items]
Remaining three months of 2023	31
2024	98
2025	90
2026	135
2027	115
2028 and thereafter	87
Total guarantee obligations	$ 556

Leases and Other Commitments -

Leases and Other Commitments - Supplemental Balance Sheet (Details) $ in Millions	Mar. 31, 2023 USD ($)
Minimum lease payments by year:
Remaining three months of 2023	$ 13
2024	48
2025	46
2026	46
2027	42
Thereafter	149
Total future minimum lease payments	344
Less: Imputed interest	52
Present value of lease liabilities	$ 292
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Less: Current portion (included in Accrued expenses)	$ 41
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Long-term operating lease liabilities (included in Other liabilities )	$ 251
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)	$ 268
Weighted average remaining lease term in years	7 years 9 months 18 days
Weighted average discount rate	4.20%

Leases and Other Commitments _2

Leases and Other Commitments - Supplemental Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Leases [Abstract]
Cost of operating leases	$ 15	$ 15	$ 43	$ 42
Cash paid for operating leases	12	13	38	37
Operating lease assets obtained in exchange for operating lease liabilities	$ 10	$ 9	$ 14	$ 132

Leases and Other Commitments _3

Leases and Other Commitments - Long-Term Commitments (Details) $ in Millions	Mar. 31, 2023 USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
Remaining three months of 2023	$ 62
2024	206
2025	182
2026	54
2027	46
Thereafter	159
Total	$ 709

Shareholders' Equity and Conv_3

Shareholders' Equity and Convertible Preferred Stock - Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 74	$ 86	$ 246	$ 249
Tax benefit	(11)	(9)	(35)	(37)
Total	63	77	211	212
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	12	13	38	36
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	37	43	116	126
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	25	30	92	87
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	63	75	217	220
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses on stock-based compensation	$ 11	$ 11	$ 29	$ 29

Shareholders' Equity and Conv_4

Shareholders' Equity and Convertible Preferred Stock - Unrecognized Share-based Compensation (Details) $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 598
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Compensation Costs	$ 521
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	$ 77
Weighted Average Service Period	1 year 8 months 12 days

Shareholders' Equity and Conv_5

Shareholders' Equity and Convertible Preferred Stock - Stock Option Activity (Details) - $ / shares shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Mar. 31, 2023
Number of Shares
Options outstanding, beginning balance (in shares)	0.9	0.9
Canceled or expired (in shares)		(0.5)
Options outstanding, ending balance (in shares)		0.4
Weighted Average Exercise Price Per Share
Options outstanding, beginning balance, exercise price (in dollars per share)	$ 66.76	$ 66.76
Canceled or expired, exercise price (in dollars per share)		83.10
Options outstanding, ending balance, exercise price (in dollars per share)		$ 44.76
Options outstanding, weighted average remaining contractual term	6 months 14 days	3 months 29 days

Shareholders' Equity and Conv_6

Shareholders' Equity and Convertible Preferred Stock - Restricted Stock Units And Performance Share Units (Details) - Restricted Stock Units And Performance Share Units $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	15.4
Granted (in shares) \| shares	6.1
Vested (in shares) \| shares	(5.7)
Forfeited (in shares) \| shares	(1.3)
Outstanding, ending balance (in shares) \| shares	14.5
Weighted Average Grant Date Fair Value
Outstanding, beginning balance, grant date fair value (in dollars per share) \| $ / shares	$ 52.89
Granted, grant date fair value (in dollars per share) \| $ / shares	41.52
Vested, grant date fair value (in dollars per share) \| $ / shares	53.78
Forfeited, grant date fair value (in dollars per share) \| $ / shares	55.61
Outstanding, ending balance, grant date fair value (in dollars per share) \| $ / shares	$ 47.50
Aggregate value of restricted stock awards vested \| $	$ 237

Shareholders' Equity and Conv_7

Shareholders' Equity and Convertible Preferred Stock - Convertible Preferred Stock (Details) $ / shares in Units, $ in Millions		9 Months Ended
	Jan. 31, 2023 USD ($) day $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Jul. 01, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares) \| shares		5,000,000	5,000,000
Convertible preferred stock, par value (in dollars per share) \| $ / shares		$ 0.01	$ 0.01
Convertible shares issued (in shares) \| shares		19,000,000
Liquidation preference		$ 909
Series A Preferred Stock \| Private Placement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares) \| shares	900,000
Convertible preferred stock, par value (in dollars per share) \| $ / shares	$ 0.01
Convertible Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, convertible, conversion ratio	0.33
Extension period	12 months
Accumulated stated value, percentage	110%	110%
Convertible Preferred Stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion price, percentage	150%
Consecutive trading days \| day	30
Convertible Preferred Stock \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Consecutive trading days \| day	20
Convertible Preferred Stock \| Private Placement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible preferred stock, shares authorized (in shares) \| shares	5,000,000
Convertible preferred stock, par value (in dollars per share) \| $ / shares	$ 1,000
Aggregate purchase price	$ 900
Issuance costs	$ 24
Preferred dividend annual rate increasing per annum (as percent)	6.25%
Unpaid dividends		$ 9
Cumulative dividends		$ 9
Initial conversion rate (in dollar per share) \| $ / shares	$ 47.75
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%

Shareholders' Equity and Conv_8

Shareholders' Equity and Convertible Preferred Stock - Stock Repurchase Program (Details)	Mar. 31, 2023 USD ($)
Stock Repurchase Program Effective Until July 25, 2023
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized to be repurchased	$ 5,000,000,000
Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase, amount	$ 4,500,000,000

Income Tax Expense - Tax Expens

Income Tax Expense - Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Income Tax Disclosure [Abstract]
Income (loss) before taxes	$ (529)	$ 262	$ (830)	$ 1,612
Income tax expense	$ 43	$ 237	$ 161	$ 413
Effective tax rate	(8.00%)	90%	(19.00%)	26%

Income Tax Expense - Additional

Income Tax Expense - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Apr. 01, 2022	Apr. 01, 2022	Mar. 31, 2023	Jul. 01, 2022
Income Tax Disclosure [Line Items]
Increase to unrecognized tax benefits as a result of ongoing discussions with various taxing authorities	$ 194	$ 219
Unrecognized tax benefits			$ 1,023	$ 1,047
Penalties and interest accrued on unrecognized tax benefits			280
Potential payables related to unrecognized tax benefits			1,160
Minimum
Income Tax Disclosure [Line Items]
Mandatory deemed repatriation tax obligations			100
Maximum
Income Tax Disclosure [Line Items]
Mandatory deemed repatriation tax obligations			150
Tax Years 2008 Through 2012 \| Minimum
Income Tax Disclosure [Line Items]
Penalties and interest accrued on unrecognized tax benefits			620
Tax Years 2008 Through 2012 \| Maximum
Income Tax Disclosure [Line Items]
Penalties and interest accrued on unrecognized tax benefits			650
Tax Years 2013 Through 2015 \| Minimum
Income Tax Disclosure [Line Items]
Penalties and interest accrued on unrecognized tax benefits			100
Tax Years 2013 Through 2015 \| Maximum
Income Tax Disclosure [Line Items]
Penalties and interest accrued on unrecognized tax benefits			$ 110

Income Tax Expense - Unrecogniz

Income Tax Expense - Unrecognized Tax Benefits (Details) $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit, beginning balance	$ 1,047
Gross increases related to current year tax positions	6
Gross increases related to prior year tax positions	3
Gross decreases related to prior year tax positions	(25)
Settlements	(5)
Lapse of statute of limitations	(3)
Unrecognized tax benefit, ending balance	$ 1,023

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Apr. 01, 2022	Dec. 31, 2021	Oct. 01, 2021	Mar. 31, 2023	Apr. 01, 2022
Earnings Per Share [Abstract]
Net income (loss)	$ (572)	$ (446)	$ 27	$ 25	$ 564	$ 610	$ (991)	$ 1,199
Less: income attributable to preferred shareholders	9			0			9	0
Net income (loss) attributable to common shareholders	$ (581)			$ 25			$ (1,000)	$ 1,199
Weighted average shares outstanding:
Basic (in shares)	319			313			318	312
Employee stock options, RSUs, PSUs, and ESPP (in shares)	0			3			0	4
Diluted (in shares)	319			316			318	316
Income (loss) per common shares
Basic (in dollars per share)	$ (1.82)			$ 0.08			$ (3.14)	$ 3.84
Diluted (in dollars per share)	$ (1.82)			$ 0.08			$ (3.14)	$ 3.79
Anti-dilutive potential common shares excluded (in shares)	15			5			15	4

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share - Additional Information (Details)	Mar. 31, 2023	Jul. 01, 2022
1.50% convertible notes due 2024 \| Convertible Debt
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Debt instrument, interest rate (percentage)	1.50%	1.50%

Employee Termination, Asset I_3

Employee Termination, Asset Impairment, and Other Charges - Expense Recognition (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Mar. 31, 2023	Apr. 01, 2022
Postemployment Benefits [Abstract]
Employee termination benefits	$ 40	$ 4	$ 125	$ 22
Asset impairments and other charges	0	0	15	2
Total employee termination, asset impairment, and other charges	$ 40	$ 4	$ 140	$ 24

Employee Termination, Asset I_4

Employee Termination, Asset Impairment, and Other Charges - Business Realignment Activities (Details) - Employee Termination Benefits - Business Realignment $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Accrual balance at July 1, 2022	$ 17
Charges	125
Cash payments	(126)
Accrual balance at March 31, 2023	$ 16