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Segment Reporting (Tables)

9 Months Ended

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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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Topic 350
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