XML 62 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Debt (Tables) | 12 Months Ended
--- | ---
Jun. 28, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following as of June 28, 2024 and June 30, 2023:
| June 28, 2024 |  | June 30, 2023
| (in millions)
1.50% convertible notes due 2024 | $ | — |  |  | $ | 1,100 |
3.00% convertible notes due 2028 | 1,600 |  |  | — |
4.75% senior unsecured notes due 2026 | 2,300 |  |  | 2,300 |
Variable interest rate Term Loan A-2 maturing 2027 | 2,588 |  |  | 2,700 |
2.85% senior notes due 2029 | 500 |  |  | 500 |
3.10% senior notes due 2032 | 500 |  |  | 500 |
Total debt | 7,488 |  |  | 7,100 |
Issuance costs | (54) |  |  | (30) |
Subtotal | 7,434 |  |  | 7,070 |
Less: current portion of long-term debt | (1,750) |  |  | (1,213) |
Long-term debt | $ | 5,684 |  |  | $ | 5,857 |
Schedule of Leverage Ratio | The Credit Agreement requires the Company to maintain a ratio (“Leverage Ratio”) of total funded debt to Consolidated Adjusted EBITDA (as defined in the Credit Agreement) below a maximum at the end of each quarter as follows:
Quarter ending | Leverage ratio
June 28, 2024 | 5.25 to 1.00
September 27, 2024 | 5.00 to 1.00
December 27, 2024 | 4.50 to 1.00
March 28, 2025 | 4.00 to 1.00
June 25, 2025 | 3.75 to 1.00
Thereafter | 3.25 to 1.00
Schedule of Maturities of Long-term Debt | As of June 28, 2024, the Company is subject to required principal payment or earlier conversion at the option of the holder as follows:
|  | Contractual Maturity (1)
|  | (in millions)
Fiscal year: |  |
2025 |  | $ | 1,750 |
2026 |  | 2,450 |
2027 |  | 2,288 |
2028 |  | — |
2029 |  | 500 |
2030 and thereafter |  | 500 |
Total debt maturities |  | 7,488 |
Issuance costs |  | (54) |
Net carrying value |  | $ | 7,434 |
(1) As of June 28, 2024, the holders of the 2028 Convertible Notes have the option to convert the notes through September 30, 2024. As such, the principal portion of these notes is reflected as current in the table above.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Schedule Of Leverage Ratio + References No definition available. + Details
Name: | wdc_DebtInstrumentScheduleOfLeverageRatioTableTextBlock
Namespace Prefix: | wdc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration