XML 49 R27.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Fair Value Measurements and Investments (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2021
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 December 31, 2021 and July 2, 2021, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
| December 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents - Money market funds | $ | 71 |  |  | $ | — |  |  | $ | — |  |  | $ | 71 |
Foreign exchange contracts | — |  |  | 22 |  |  | — |  |  | 22 |
Total assets at fair value | $ | 71 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 93 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 86 |  |  | $ | — |  |  | $ | 86 |
Interest rate swap contracts | — |  |  | 48 |  |  | — |  |  | 48 |
Total liabilities at fair value | $ | — |  |  | $ | 134 |  |  | $ | — |  |  | $ | 134 |
| July 2, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents - Money market funds | $ | 1,283 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,283 |
Foreign exchange contracts | — |  |  | 14 |  |  | — |  |  | 14 |
Total assets at fair value | $ | 1,283 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 1,297 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 65 |  |  | $ | — |  |  | $ | 65 |
Interest rate swap contracts | — |  |  | 80 |  |  | — |  |  | 80 |
Total liabilities at fair value | $ | — |  |  | $ | 145 |  |  | $ | — |  |  | $ | 145 |
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 second quarter of fiscal 2022 and the fourth quarter of fiscal 2021, respectively.
| December 31, 2021 |  | July 2, 2021
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (in millions)
Variable interest rate Term Loan A-1 maturing 2023 | $ | 2,998 |  |  | $ | 3,006 |  |  | $ | 4,327 |  |  | $ | 4,346 |
Variable interest rate Term Loan B-4 maturing 2023 | — |  |  | — |  |  | 1,093 |  |  | 1,094 |
1.50% convertible notes due 2024 | 1,032 |  |  | 1,116 |  |  | 1,017 |  |  | 1,173 |
4.75% senior unsecured notes due 2026 | 2,289 |  |  | 2,516 |  |  | 2,288 |  |  | 2,556 |
2.85% senior unsecured notes due 2029 | 495 |  |  | 505 |  |  | — |  |  | — |
3.10% senior unsecured notes due 2032 | 494 |  |  | 504 |  |  | — |  |  | — |
Total | $ | 7,308 |  |  | $ | 7,647 |  |  | $ | 8,725 |  |  | $ | 9,169 |

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=123874694&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=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration