XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.19.2

Fair Value Measurements and Investments (Tables) | 12 Months Ended
--- | ---
Jun. 28, 2019
Fair Value Disclosures [Abstract] |
Cash, Cash Equivalents, and Marketable Securities | The Company’s total cash, cash equivalents and available-for-sale securities was as follows:
| June 28, 2019 |  | June 29, 2018
| (in millions)
Cash and cash equivalents | $ | 3,455 |  |  | $ | 5,005 |
Short-term available-for-sale securities (included within Other current assets) | — |  |  | 23 |
Long-term available-for-sale securities (included within Other non-current assets) | — |  |  | 93 |
Total cash, cash equivalents and available-for-sale securities | $ | 3,455 |  |  | $ | 5,121 |
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 June 28, 2019 and June 29, 2018, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
| June 28, 2019
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 1,388 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,388 |
Certificates of deposit | — |  |  | 17 |  |  | — |  |  | 17 |
Total cash equivalents | 1,388 |  |  | 17 |  |  | — |  |  | 1,405 |
Foreign exchange contracts | — |  |  | 44 |  |  | — |  |  | 44 |
Interest rate swap contracts | — |  |  | 2 |  |  | — |  |  | 2 |
Total assets at fair value | $ | 1,388 |  |  | $ | 63 |  |  | $ | — |  |  | $ | 1,451 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 40 |  |  | $ | — |  |  | $ | 40 |
Interest rate swap contract | — |  |  | 65 |  |  | — |  |  | 65 |
Total liabilities at fair value | $ | — |  |  | $ | 105 |  |  | $ | — |  |  | $ | 105 |
| June 29, 2018
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 2,554 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,554 |
Certificates of deposit | — |  |  | 4 |  |  | — |  |  | 4 |
Total cash equivalents | 2,554 |  |  | 4 |  |  | — |  |  | 2,558 |
Short-term available-for-sale securities: |  |  |  |  |  |  |
U.S. Treasury securities | 3 |  |  | — |  |  | — |  |  | 3 |
Corporate notes and bonds | — |  |  | 12 |  |  | — |  |  | 12 |
Asset-backed securities | — |  |  | 4 |  |  | — |  |  | 4 |
Municipal notes and bonds | — |  |  | 2 |  |  | — |  |  | 2 |
Equity securities | 2 |  |  | — |  |  | — |  |  | 2 |
Total short-term available-for-sale securities | 5 |  |  | 18 |  |  | — |  |  | 23 |
Long-term available-for-sale securities: |  |  |  |  |  |  |
U.S. Treasury securities | 3 |  |  | — |  |  | — |  |  | 3 |
U.S. Government agency securities | — |  |  | 5 |  |  | — |  |  | 5 |
International government securities | — |  |  | 1 |  |  | — |  |  | 1 |
Corporate notes and bonds | — |  |  | 65 |  |  | — |  |  | 65 |
Asset-backed securities | — |  |  | 8 |  |  | — |  |  | 8 |
Municipal notes and bonds | — |  |  | 11 |  |  | — |  |  | 11 |
Total long-term available-for-sale securities | 3 |  |  | 90 |  |  | — |  |  | 93 |
Foreign exchange contracts | — |  |  | 51 |  |  | — |  |  | 51 |
Interest rate swap contracts | — |  |  | 16 |  |  | — |  |  | 16 |
Total assets at fair value | $ | 2,562 |  |  | $ | 179 |  |  | $ | — |  |  | $ | 2,741 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
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 fourth quarter of 2019 and the fourth quarter of 2018, respectively.
| June 28, 2019 |  | June 29, 2018
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (in millions)
0.50% convertible senior notes due 2020 | $ | 33 |  |  | $ | 31 |  |  | $ | 31 |  |  | $ | 34 |
Variable interest rate Term Loan A-1 maturing 2023 | 4,824 |  |  | 4,780 |  |  | 4,982 |  |  | 5,013 |
Variable interest rate U.S. Term Loan B-4 maturing 2023 | 2,424 |  |  | 2,370 |  |  | 2,448 |  |  | 2,452 |
1.50% convertible notes due 2024 | 958 |  |  | 986 |  |  | 931 |  |  | 1,114 |
4.750% senior unsecured notes due 2026 | 2,283 |  |  | 2,263 |  |  | 2,280 |  |  | 2,238 |
Total | $ | 10,522 |  |  | $ | 10,430 |  |  | $ | 10,672 |  |  | $ | 10,851 |

X
- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Comparison and disclosure of financial instruments where the carrying value in the financial statements differs from the fair value. + References No definition available. + Details
Name: | wdc_RelatedCostsAndFairValuesBasedOnQuotedMarketPricesTableTextBlock
Namespace Prefix: | wdc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration