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Segment Reporting (Tables) | 6 Months Ended
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Dec. 31, 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 |  | Six Months Ended
| December 31, 2021 |  | January 1, 2021 |  | December 31, 2021 |  | January 1, 2021
Net revenue: |  |  |  |  |  |  |
HDD | $ | 2,213 |  |  | $ | 1,909 |  |  | $ | 4,774 |  |  | $ | 3,753 |
Flash | 2,620 |  |  | 2,034 |  |  | 5,110 |  |  | 4,112 |
Total net revenue | $ | 4,833 |  |  | $ | 3,943 |  |  | $ | 9,884 |  |  | $ | 7,865 |
Gross profit: |  |  |  |  |  |  |
HDD | $ | 677 |  |  | $ | 488 |  |  | $ | 1,469 |  |  | $ | 971 |
Flash | 946 |  |  | 551 |  |  | 1,867 |  |  | 1,099 |
Total gross profit for segments | 1,623 |  |  | 1,039 |  |  | 3,336 |  |  | 2,070 |
Unallocated corporate items: |  |  |  |  |  |  |
Amortization of acquired intangible assets | (26) |  |  | (109) |  |  | (65) |  |  | (254) |
Stock-based compensation expense | (14) |  |  | (15) |  |  | (23) |  |  | (27) |
Charges related to a power outage incident and related recovery | — |  |  | 45 |  |  | — |  |  | 75 |
Total unallocated corporate items | (40) |  |  | (79) |  |  | (88) |  |  | (206) |
Consolidated gross profit | $ | 1,583 |  |  | $ | 960 |  |  | $ | 3,248 |  |  | $ | 1,864 |
Gross margin: |  |  |  |  |  |  |
HDD | 30.6 | % |  | 25.6 | % |  | 30.8 | % |  | 25.9 | %
Flash | 36.1 | % |  | 27.1 | % |  | 36.5 | % |  | 26.7 | %
Consolidated gross margin | 32.8 | % |  | 24.3 | % |  | 32.9 | % |  | 23.7 | %
Schedule of Disaggregation of Revenue | The Company’s disaggregated revenue information is as follows:
| Three Months Ended |  | Six Months Ended
| December 31, 2021 |  | January 1, 2021 |  | December 31, 2021 |  | January 1, 2021 |  |
| (in millions)
Revenue by End Market |  |  |  |  |  |  |  |  |
Cloud | $ | 1,920 |  |  | $ | 1,014 |  |  | $ | 4,145 |  |  | $ | 2,305 |  |  |
Client | 1,854 |  |  | 1,869 |  |  | 3,707 |  |  | 3,619 |  |  |
Consumer | 1,059 |  |  | 1,060 |  |  | 2,032 |  |  | 1,941 |  |  |
Total Revenue | $ | 4,833 |  |  | $ | 3,943 |  |  | $ | 9,884 |  |  | $ | 7,865 |  |  |
Revenue by Geography |  |  |  |  |  |  |  |  |
Americas | $ | 1,407 |  |  | $ | 945 |  |  | $ | 3,021 |  |  | $ | 2,024 |  |  |
Europe, Middle East and Africa | 816 |  |  | 725 |  |  | 1,578 |  |  | 1,354 |  |  |
Asia | 2,610 |  |  | 2,273 |  |  | 5,285 |  |  | 4,487 |  |  |
Total Revenue | $ | 4,833 |  |  | $ | 3,943 |  |  | $ | 9,884 |  |  | $ | 7,865 |  |  |
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 | — |  |  | (1) |  |  | (1) |
Balance at December 31, 2021 | $ | 4,328 |  |  | $ | 5,737 |  |  | $ | 10,065 |

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