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Segment Reporting (Tables) | 3 Months Ended
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Oct. 01, 2021
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
| October 1, 2021 |  | October 2, 2020
| (in millions)
Net revenue: |  |  |
HDD | $ | 2,561 |  |  | $ | 1,844 |
Flash | 2,490 |  |  | 2,078 |
Total net revenue | $ | 5,051 |  |  | $ | 3,922 |
Gross profit |  |  |
HDD | $ | 792 |  |  | $ | 483 |
Flash | 921 |  |  | 548 |
Total gross profit for segments | 1,713 |  |  | 1,031 |
Unallocated corporate items: |  |  |
Amortization of acquired intangible assets | 39 |  |  | 145 |
Stock-based compensation expense | 9 |  |  | 12 |
Charges related to a power outage incident and related recovery | — |  |  | (30) |
Total unallocated corporate items | (48) |  |  | (127) |
Consolidated gross profit | $ | 1,665 |  |  | $ | 904 |
Gross margin: |  |  |
HDD | 30.9 | % |  | 26.2 | %
Flash | 37.0 | % |  | 26.4 | %
Consolidated gross margin | 33.0 | % |  | 23.0 | %
Schedule of Disaggregation of Revenue | The Company’s disaggregated revenue information is as follows:
| Three Months Ended |  |
| October 1, 2021 |  | October 2, 2020 |  |  |  |  |  |
| (in millions)
Revenue by End Market |  |  |  |  |  |  |  |  |
Cloud | $ | 2,225 |  |  | $ | 1,291 |  |  |  |  |  |  |
Client | 1,853 |  |  | 1,750 |  |  |  |  |  |  |
Consumer | 973 |  |  | 881 |  |  |  |  |  |  |
Total Revenue | $ | 5,051 |  |  | $ | 3,922 |  |  |  |  |  |  |
Revenue by Geography |  |  |  |  |  |  |  |  |
Americas | $ | 1,614 |  |  | $ | 1,079 |  |  |  |  |  |  |
Europe, Middle East and Africa | 762 |  |  | 629 |  |  |  |  |  |  |
Asia | 2,675 |  |  | 2,214 |  |  |  |  |  |  |
Total Revenue | $ | 5,051 |  |  | $ | 3,922 |  |  |  |  |  |  |
Schedule of Goodwill | The following table provides a summary of goodwill activity for the period.
| HDD |  | Flash |  | Total
| (in millions)
Balance at July 3, 2021 | $ | 4,328 |  |  | $ | 5,738 |  |  | $ | 10,066 |
Foreign currency translation adjustment | — |  |  | — |  |  | — |
Balance at October 1, 2021 | $ | 4,328 |  |  | $ | 5,738 |  |  | $ | 10,066 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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