XML 37 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2
Business Segments, Geographic Information, and Concentrations of Risk (Tables)
3 Months Ended
Sep. 30, 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
September 30,
2022
October 1,
2021
(in millions, except percentages)
Net revenue:
Flash$1,722 $2,490 
HDD2,014 2,561 
Total net revenue$3,736 $5,051 
Gross profit:
Flash$422 $921 
HDD574 792 
Total gross profit for segments996 1,713 
Unallocated corporate items:
Stock-based compensation expense(14)(9)
Amortization of acquired intangible assets(1)(39)
Total unallocated corporate items(15)(48)
Consolidated gross profit$981 $1,665 
Gross margin:
Flash24.5 %37.0 %
HDD28.5 %30.9 %
Consolidated gross margin26.3 %33.0 %
Schedule of Disaggregation of Revenue The Company’s disaggregated revenue information is as follows:
Three Months Ended
September 30,
2022
October 1,
2021
(in millions)
Revenue by End Market
Cloud$1,829 $2,225 
Client1,229 1,853 
Consumer678 973 
Total Revenue$3,736 $5,051 
Revenue by Geography
Asia$1,686 $2,675 
Americas1,423 1,614 
Europe, Middle East and Africa627 762 
Total Revenue$3,736 $5,051 
Schedule of Goodwill The following table provides a summary of goodwill activity for the period:
FlashHDDTotal
(in millions)
Balance at July 1, 2022$5,718 $4,323 $10,041 
Foreign currency translation adjustment(2)(2)(4)
Balance at September 30, 2022$5,716 $4,321 $10,037