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Income Tax Expense (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 27, 2024 | Jun. 28, 2024
Income Tax Expense [Line Items] |  |
Schedule of Components of Income Tax Expense (Benefit) | The following table presents the Company’s Income tax expense and the effective tax rate:
|  | Six Months Ended |
|  | December 27, 2024 |  |  | December 29, 2023 |
|  | ($ in millions) |
Income (loss) before taxes |  | $ | 440 |  |  | $ | (754 | )
Income tax expense |  |  | 125 |  |  |  | 65 |
Effective tax rate |  |  | 28 | % |  |  | (9 | )%
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a tabular reconciliation of the total amounts of unrecognized tax benefits, excluding accrued interest and penalties for the six months ended December 27, 2024:
|  | (in millions) |
Accrual balance at June 28, 2024 |  | $ | 47 |
Gross increases related to prior year tax positions |  |  | 17 |
Gross increases related to current year tax positions |  |  | 3 |
Gross decrease related to prior year tax positions |  |  | (7 | )
Accrual balance at December 27, 2024 |  | $ | 60 |
The Flash Business of Western Digital Corporation [Member] |  |
Income Tax Expense [Line Items] |  |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |  | Income (loss) Before Taxes The domestic and foreign components of Income (loss) before taxes were as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in millions) |
Foreign |  | $ | (543 | ) |  | $ | (2,253 | ) |  | $ | 276 |
U.S. |  |  | 40 |  |  |  | 251 |  |  |  | 958 |
Income (loss) before taxes |  | $ | (503 | ) |  | $ | (2,002 | ) |  | $ | 1,234 |
Schedule of Components of Income Tax Expense (Benefit) |  | Income Tax Expense The components of the income tax expense were as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in millions) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Foreign |  | $ | 158 |  |  | $ | 138 |  |  | $ | 84 |
U.S. - Federal |  |  | 20 |  |  |  | 76 |  |  |  | 141 |
U.S. - State |  |  | 7 |  |  |  | 8 |  |  |  | 13 |
|  |  | 185 |  |  |  | 222 |  |  |  | 238 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Foreign |  |  | 7 |  |  |  | (15 | ) |  |  | 24 |
U.S. - Federal |  |  | (19 | ) |  |  | (65 | ) |  |  | (82 | )
U.S. - State |  |  | (4 | ) |  |  | (1 | ) |  |  | (10 | )
|  |  | (16 | ) |  |  | (81 | ) |  |  | (68 | )
Total income tax expense (benefit) |  | $ | 169 |  |  | $ | 141 |  |  | $ | 170 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |  | Temporary differences and carryforwards, which give rise to a significant portion of deferred tax assets and liabilities were as follows:
|  | June 28, 2024 |  |  | June 30, 2023 |
|  | (in millions) |
Deferred tax assets: |  |  |  |  |  |  |  |
Sales related reserves and accrued expenses not currently deductible |  | $ | 45 |  |  | $ | 56 |
Accrued compensation and benefits not currently deductible |  |  | 17 |  |  |  | 7 |
Other current accruals |  |  | 17 |  |  |  | 19 |
Net operating loss carryforward |  |  | 19 |  |  |  | 15 |
Share based compensation |  |  | 17 |  |  |  | 17 |
Long-lived assets |  |  | 15 |  |  |  | 28 |
Lease liability |  |  | 45 |  |  |  | 28 |
Unrealized gain (loss) |  |  | 67 |  |  |  | 44 |
Other |  |  | 8 |  |  |  | 1 |
Total deferred tax assets |  |  | 250 |  |  |  | 215 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (3 | ) |  |  | (13 | )
Foreign withholding tax |  |  | (86 | ) |  |  | (93 | )
Right-of-use asset |  |  | (43 | ) |  |  | (26 | )
Deferred income |  |  | (8 | ) |  |  | (3 | )
Other |  |  | (2 | ) |  |  | (6 | )
Total deferred tax liabilities |  |  | (142 | ) |  |  | (141 | )
Valuation allowances |  |  | (27 | ) |  |  | (26 | )
Deferred tax assets, net |  | $ | 81 |  |  | $ | 48 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |  | Reconciliation of the U.S. federal statutory rate to the Business’s effective tax rate is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Tax at federal statutory tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Tax rate differential on international incomes |  |  | (42.3 | ) |  |  | (28.7 | ) |  |  | 0.4 |
Foreign withholding tax |  |  | (10.8 | ) |  |  | (1.7 | ) |  |  | 2.9 |
Change in valuation allowance |  |  | (2.2 | ) |  |  | (0.4 | ) |  |  | 1.4 |
Tax effect of U.S foreign income inclusion |  |  | (1.2 | ) |  |  | (0.4 | ) |  |  | 5.8 |
Tax effect of U.S foreign derived intangible income |  |  | 1.9 |  |  |  | 3.1 |  |  |  | (7.6 | )
Tax effect of permanent differences |  |  | (1.4 | ) |  |  | (0.5 | ) |  |  | (0.1 | )
Tax effect of goodwill impairment |  |  | — |  |  |  | (7.0 | ) |  |  | — |
Tax effect of intangible assets |  |  | 0.9 |  |  |  | 4.3 |  |  |  | (6.5 | )
Tax rate change |  |  | 0.6 |  |  |  | 0.1 |  |  |  | — |
Unremitted earnings of certain non-U.S. entities |  |  | 2.2 |  |  |  | 0.4 |  |  |  | — |
Change in uncertain tax positions |  |  | (11.4 | ) |  |  | 0.6 |  |  |  | 0.5 |
Return to provision adjustment |  |  | (1.3 | ) |  |  | (0.2 | ) |  |  | (0.5 | )
Foreign income tax credits |  |  | 5.1 |  |  |  | 1.4 |  |  |  | (2.4 | )
R&D tax credits |  |  | 2.7 |  |  |  | 1.0 |  |  |  | (2.1 | )
Tax effect of share-based compensation |  |  | (1.1 | ) |  |  | (0.5 | ) |  |  | 0.9 |
Federal audit settlements |  |  | 3.3 |  |  |  | — |  |  |  | — |
Other |  |  | 0.4 |  |  |  | 0.5 |  |  |  | 0.1 |
Effective income tax rate |  |  | (33.6 | )% |  |  | (7.0 | )% |  |  | 13.8 | %
Schedule of Unrecognized Tax Benefits Roll Forward |  | The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in millions) |
Unrecognized tax benefit, beginning balance |  | $ | 25 |  |  | $ | 17 |  |  | $ | 11 |
Gross increases related to current year tax positions |  |  | 15 |  |  |  | 10 |  |  |  | 7 |
Gross increases related to prior year tax positions |  |  | 10 |  |  |  | 1 |  |  |  | — |
Gross decreases related to prior year tax positions |  |  | (3 | ) |  |  | (3 | ) |  |  | (1 | )
Settlements |  |  | — |  |  |  | — |  |  |  | — |
Unrecognized tax benefit, ending balance |  | $ | 47 |  |  | $ | 25 |  |  | $ | 17 |
Schedule of major jurisdictions within which the Business receives foreign |  |
Jurisdiction |  | NOL Carryforward Amount |  |  | Expiration |
|  | (in millions) |
Malaysia |  | $ | 44 |  |  |  | 2028 |
Netherlands |  |  | 12 |  |  |  | 2026 |
Summary of Income Tax Examinations [Table Text Block] |  |
Jurisdiction |  | Period Subject to Examination |
China (calendar) |  |  | 2014-2023 |
Ireland (fiscal) |  |  | 2020-2023 |
India (fiscal) |  |  | 2009-2023 |
Israel (fiscal) |  |  | 2014-2023 |
Japan (fiscal) |  |  | 2017-2023 |
Malaysia (fiscal) |  |  | 2017-2023 |
Singapore (fiscal) |  |  | 2020-2023 |
United Kingdom (fiscal) |  |  | 2022-2023 |

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