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Business Segments, Geographic Information, and Concentrations of Risk (Tables)
9 Months Ended
Mar. 31, 2023
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 EndedNine Months Ended
March 31,
2023
April 1,
2022
March 31,
2023
April 1,
2022
$ in millions
Net revenue:
Flash$1,307 $2,243 $4,686 $7,353 
HDD1,496 2,138 4,960 6,912 
Total net revenue$2,803 $4,381 $9,646 $14,265 
Gross profit:
Flash$(65)$798 $597 $2,665 
HDD363 592 1,237 2,061 
Total gross profit for segments298 1,390 1,834 4,726 
Unallocated corporate items:
Stock-based compensation expense(12)(13)(38)(36)
Amortization of acquired intangible assets— — (1)(65)
Contamination related charges— (203)— (203)
Recoveries from a power outage incident— — 
Total unallocated corporate items(12)(209)(39)(297)
Consolidated gross profit$286 $1,181 $1,795 $4,429 
Gross margin:
Flash(5.0)%35.6 %12.7 %36.2 %
HDD24.3 %27.7 %24.9 %29.8 %
Consolidated gross margin10.2 %27.0 %18.6 %31.0 %
Schedule of Disaggregation of Revenue The Company’s disaggregated revenue information is as follows:
Three Months EndedNine Months Ended
March 31,
2023
April 1,
2022
March 31,
2023
April 1,
2022
(in millions)
Revenue by End Market
Cloud$1,205 $1,774 $4,258 $5,919 
Client975 1,732 3,293 5,439 
Consumer623 875 2,095 2,907 
Total Revenue$2,803 $4,381 $9,646 $14,265 
Revenue by Geography
Asia$1,353 $2,400 $4,533 $7,685 
Americas935 1,377 3,448 4,398 
Europe, Middle East and Africa515 604 1,665 2,182 
Total Revenue$2,803 $4,381 $9,646 $14,265 
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— — — 
Balance at March 31, 2023$5,718 $4,323 $10,041