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Segment Reporting (Tables) | 9 Months Ended
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Apr. 01, 2022
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 |  | Nine Months Ended
| April 1, 2022 |  | April 2, 2021 |  | April 1, 2022 |  | April 2, 2021
Net revenue: |  |  |  |  |  |  |
Flash | $ | 2,243 |  |  | $ | 2,175 |  |  | $ | 7,353 |  |  | $ | 6,287 |
HDD | 2,138 |  |  | 1,962 |  |  | 6,912 |  |  | 5,715 |
Total net revenue | $ | 4,381 |  |  | $ | 4,137 |  |  | $ | 14,265 |  |  | $ | 12,002 |
Gross profit: |  |  |  |  |  |  |
Flash | $ | 798 |  |  | $ | 653 |  |  | $ | 2,665 |  |  | $ | 1,752 |
HDD | 592 |  |  | 491 |  |  | 2,061 |  |  | 1,462 |
Total gross profit for segments | 1,390 |  |  | 1,144 |  |  | 4,726 |  |  | 3,214 |
Unallocated corporate items: |  |  |  |  |  |  |
Contamination related charges | (203) |  |  | — |  |  | (203) |  |  | — |
Stock-based compensation expense | (13) |  |  | (14) |  |  | (36) |  |  | (41) |
Amortization of acquired intangible assets | — |  |  | (39) |  |  | (65) |  |  | (293) |
Recoveries from a power outage incident | 7 |  |  | — |  |  | 7 |  |  | 75 |
Total unallocated corporate items | (209) |  |  | (53) |  |  | (297) |  |  | (259) |
Consolidated gross profit | $ | 1,181 |  |  | $ | 1,091 |  |  | $ | 4,429 |  |  | $ | 2,955 |
Gross margin: |  |  |  |  |  |  |
Flash | 35.6 | % |  | 30.0 | % |  | 36.2 | % |  | 27.9 | %
HDD | 27.7 | % |  | 25.0 | % |  | 29.8 | % |  | 25.6 | %
Consolidated gross margin | 27.0 | % |  | 26.4 | % |  | 31.0 | % |  | 24.6 | %
Schedule of Disaggregation of Revenue | The Company’s disaggregated revenue information is as follows:
| Three Months Ended |  | Nine Months Ended
| April 1, 2022 |  | April 2, 2021 |  | April 1, 2022 |  | April 2, 2021 |  |
| (in millions)
Revenue by End Market |  |  |  |  |  |  |  |  |
Cloud | $ | 1,774 |  |  | $ | 1,423 |  |  | $ | 5,919 |  |  | $ | 3,728 |  |  |
Client | 1,732 |  |  | 1,767 |  |  | 5,439 |  |  | 5,386 |  |  |
Consumer | 875 |  |  | 947 |  |  | 2,907 |  |  | 2,888 |  |  |
Total Revenue | $ | 4,381 |  |  | $ | 4,137 |  |  | $ | 14,265 |  |  | $ | 12,002 |  |  |
Revenue by Geography |  |  |  |  |  |  |  |  |
Asia | $ | 2,400 |  |  | $ | 2,215 |  |  | $ | 7,685 |  |  | $ | 6,702 |  |  |
Americas | 1,377 |  |  | 1,009 |  |  | 4,398 |  |  | 3,033 |  |  |
Europe, Middle East and Africa | 604 |  |  | 913 |  |  | 2,182 |  |  | 2,267 |  |  |
Total Revenue | $ | 4,381 |  |  | $ | 4,137 |  |  | $ | 14,265 |  |  | $ | 12,002 |  |  |
Schedule of Goodwill | The following table provides a summary of goodwill activity for the period:
| Flash |  | HDD |  | Total
| (in millions)
Balance at July 3, 2021 | $ | 5,738 |  |  | $ | 4,328 |  |  | $ | 10,066 |
Foreign currency translation adjustment | (3) |  |  | (2) |  |  | (5) |
Balance at April 1, 2022 | $ | 5,735 |  |  | $ | 4,326 |  |  | $ | 10,061 |

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