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Revenues | 6 Months Ended
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Jan. 03, 2020
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 January 3, 2020 or June 28, 2019. 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. Direct incremental costs to obtain contracts that have an expected benefit of greater than one year are amortized over the period of expected cash flows from the related contracts, and the amortization expense is recorded as a reduction to revenue. Total capitalized contract costs as of January 3, 2020 and June 28, 2019 as well as the related amortization for the three and six months ended January 3, 2020 and December 28, 2018 were not material. Contract liabilities relate to customers’ payments in advance of performance under the contract and primarily relate to remaining performance obligations under support and maintenance contracts. As of January 3, 2020 and June 28, 2019, contract liabilities were not material. The Company applies the practical expedients and does not disclose transaction price allocated to the remaining performance obligations for (i) arrangements that have an original expected duration of one year or less, which mainly consist of the support and maintenance contracts, and (ii) variable consideration amounts for sale-based or usage-based royalties for IP license arrangements, which typically range longer than one year. Remaining performance obligations are mainly attributed to right-to-access patent license arrangements and customer support and service contracts which will be recognized over the remaining contract period. The transaction price allocated to the remaining performance obligations as of January 3, 2020 was $140 million, which is mainly attributable to the functional IP license and service arrangements. The Company expects to recognize this amount as revenue as follows: $24 million during the remainder of fiscal 2020, $43 million in fiscal 2021, $40 million in fiscal 2022 and $33 million thereafter. The Company’s disaggregated revenue information is as follows:
| Three Months Ended |  | Six Months Ended
| January 3, 2020 |  | December 28, 2018 |  | January 3, 2020 |  | December 28, 2018
| (in millions)
Revenue by Product |  |  |  |  |  |  |
Hard disk drives (“HDD”) | $ | 2,396 |  |  | $ | 2,060 |  |  | $ | 4,804 |  |  | $ | 4,554 |
Flash-based | 1,838 |  |  | 2,173 |  |  | 3,470 |  |  | 4,707 |
Total Revenue | $ | 4,234 |  |  | $ | 4,233 |  |  | $ | 8,274 |  |  | $ | 9,261 |
Revenue by End Market |  |  |  |  |  |  |
Client Devices | $ | 1,797 |  |  | $ | 2,214 |  |  | $ | 3,413 |  |  | $ | 4,864 |
Data Center Devices & Solutions | 1,489 |  |  | 1,074 |  |  | 3,021 |  |  | 2,520 |
Client Solutions | 948 |  |  | 945 |  |  | 1,840 |  |  | 1,877 |
Total Revenue | $ | 4,234 |  |  | $ | 4,233 |  |  | $ | 8,274 |  |  | $ | 9,261 |
Revenue by Geography |  |  |  |  |  |  |
Americas | $ | 1,296 |  |  | $ | 1,015 |  |  | $ | 2,609 |  |  | $ | 2,296 |
Europe, Middle East and Africa | 811 |  |  | 817 |  |  | 1,590 |  |  | 1,701 |
Asia | 2,127 |  |  | 2,401 |  |  | 4,075 |  |  | 5,264 |
Total Revenue | $ | 4,234 |  |  | $ | 4,233 |  |  | $ | 8,274 |  |  | $ | 9,261 |
The Company’s top 10 customers accounted for 44% and 43% of its net revenue for the three and six months ended January 3, 2020, respectively, and 47% of its net revenue for both the three and six months ended December 28, 2018. For the three and six months ended January 3, 2020 and December 28, 2018, no single customer accounted for 10% or more of the Company’s net revenue.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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