XML 52 R34.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Jul. 01, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Disclosure 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 and financial statement line as well as the related tax benefit included in the Company’s Consolidated Statements of Operations:
|  |  |  |  | 2022 |  | 2021 |  | 2020
|  |  |  |  | (in millions)
Options |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |
RSUs and PSUs |  |  |  |  | 286 |  |  | 282 |  |  | 268 |
ESPP |  |  |  |  | 40 |  |  | 36 |  |  | 33 |
Total |  |  |  |  | $ | 326 |  |  | $ | 318 |  |  | $ | 308 |
|  |  |  |  | 2022 |  | 2021 |  | 2020
|  |  |  |  | (in millions)
Cost of revenue |  |  |  |  | $ | 48 |  |  | $ | 55 |  |  | $ | 51 |
Research and development |  |  |  |  | 167 |  |  | 158 |  |  | 163 |
Selling, general and administrative |  |  |  |  | 111 |  |  | 105 |  |  | 94 |
Subtotal |  |  |  |  | 326 |  |  | 318 |  |  | 308 |
Tax benefit |  |  |  |  | (48) |  |  | (47) |  |  | (45) |
Total |  |  |  |  | $ | 278 |  |  | $ | 271 |  |  | $ | 263 |
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 July 1, 2022:
| Unamortized Compensation Costs |  | Weighted Average Service Period
| (in millions) |  | (years)
RSUs and PSUs (1) | $ | 557 |  |  | 2.2
ESPP | 61 |  |  | 1.2
Total unamortized compensation cost | $ | 618 |  |  |
(1) Weighted average service period assumes the performance conditions are met for the PSUs.
Schedule of Stock Option Activity | The following table summarizes stock option activity under the Company’s incentive plans:
| Number of Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
| (in millions) |  |  |  | (in years) |  | (in millions)
Options outstanding at June 28, 2019 | 3.9 |  |  | $ | 65.72 |  |  |  |  |
Exercised | (0.8) |  |  | 43.26 |  |  |  |  | $ | 12 |
Canceled or expired | (0.4) |  |  | 88.58 |  |  |  |  |
Options outstanding at July 3, 2020 | 2.7 |  |  | 69.16 |  |  |  |  |
Exercised | (0.4) |  |  | 44.34 |  |  |  |  | 6 |
Canceled or expired | (0.8) |  |  | 75.42 |  |  |  |  |
Options outstanding at July 2, 2021 | 1.5 |  |  | 72.84 |  |  |  |  |
Exercised | (0.2) |  |  | 43.80 |  |  |  |  | 3 |
Canceled or expired | (0.4) |  |  | 97.65 |  |  |  |  |
Options outstanding at July 1, 2022 | 0.9 |  |  | $ | 66.76 |  |  | 0.54 |  |
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 June 28, 2019 | 11.6 |  |  | $ | 62.07 |  |  |
Granted | 7.4 |  |  | 55.32 |  |  |
Vested | (4.4) |  |  | 58.36 |  |  | $ | 252 |
Forfeited | (1.3) |  |  | 63.33 |  |  |
RSUs and PSUs outstanding at July 3, 2020 | 13.3 |  |  | 60.92 |  |  |
Granted | 8.8 |  |  | 40.40 |  |  |
Vested | (4.5) |  |  | 60.18 |  |  | 196 |
Forfeited | (1.5) |  |  | 55.74 |  |  |
RSUs and PSUs outstanding at July 2, 2021 | 16.1 |  |  | 50.12 |  |  |
Granted | 6.9 |  |  | 60.00 |  |  |
Vested | (5.2) |  |  | 54.27 |  |  | 317 |
Forfeited | (2.4) |  |  | 52.14 |  |  |
RSUs and PSUs outstanding at July 1, 2022 | 15.4 |  |  | $ | 52.89 |  |  |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions | The fair values of ESPP purchase rights have been estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions:
|  |  |  |  | 2022 |  | 2021 |  | 2020
Weighted-average expected term (in years) |  |  |  |  | 1.25 |  | 1.25 |  | 1.25
Risk-free interest rate |  |  |  |  | 1.42% |  | 0.10% |  | 0.55%
Stock price volatility |  |  |  |  | 0.48 |  | 0.56 |  | 0.59
Dividend yield |  |  |  |  | —% |  | —% |  | 1.08%
Fair value |  |  |  |  | $15.56 |  | $21.59 |  | $12.76
Schedule of Shares of Common Stock Reserved for Issuance Table | The following table summarizes all common stock reserved for issuance at July 1, 2022:
| Number of Shares
| (in millions)
Outstanding awards and shares available for award grants | 26 |
ESPP | 4 |
Total | 30 |

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

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Employee Service Share-based Compensation , Unrecognized Costs [Table Text Block] + References No definition available. + Details
Name: | wdc_EmployeeServiceSharebasedCompensationUnrecognizedCostsTableTextBlock
Namespace Prefix: | wdc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summarized table of all shares of common stock reserved for issuance. + References No definition available. + Details
Name: | wdc_SummarizedTableOfAllSharesOfCommonStockReservedForIssuanceTableTableTextBlock
Namespace Prefix: | wdc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration