XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jan. 02, 2015
Dec. 27, 2013
Jan. 02, 2015
Dec. 27, 2013
Income Statement [Abstract]        
Revenue, net $ 3,888us-gaap_SalesRevenueGoodsNet $ 3,972us-gaap_SalesRevenueGoodsNet $ 7,831us-gaap_SalesRevenueGoodsNet $ 7,776us-gaap_SalesRevenueGoodsNet
Cost of revenue 2,778us-gaap_CostOfGoodsSold 2,816us-gaap_CostOfGoodsSold 5,572us-gaap_CostOfGoodsSold 5,521us-gaap_CostOfGoodsSold
Gross margin 1,110us-gaap_GrossProfit 1,156us-gaap_GrossProfit 2,259us-gaap_GrossProfit 2,255us-gaap_GrossProfit
Operating expenses:        
Research and development 426us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 416us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 863us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 817us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
Selling, general and administrative 164us-gaap_SellingGeneralAndAdministrativeExpense 226us-gaap_SellingGeneralAndAdministrativeExpense 384us-gaap_SellingGeneralAndAdministrativeExpense 358us-gaap_SellingGeneralAndAdministrativeExpense
Charges related to arbitration award 1wdc_ArbitrationAwardProvision 13wdc_ArbitrationAwardProvision 15wdc_ArbitrationAwardProvision 26wdc_ArbitrationAwardProvision
Employee termination, asset impairment and other charges 53wdc_Employeeterminationassetimpairmentandothercharges 23wdc_Employeeterminationassetimpairmentandothercharges 62wdc_Employeeterminationassetimpairmentandothercharges 34wdc_Employeeterminationassetimpairmentandothercharges
Total operating expenses 644us-gaap_OperatingExpenses 678us-gaap_OperatingExpenses 1,324us-gaap_OperatingExpenses 1,235us-gaap_OperatingExpenses
Operating income 466us-gaap_OperatingIncomeLoss 478us-gaap_OperatingIncomeLoss 935us-gaap_OperatingIncomeLoss 1,020us-gaap_OperatingIncomeLoss
Other income (expense):        
Interest and other income 4us-gaap_InvestmentIncomeInterest 3us-gaap_InvestmentIncomeInterest 8us-gaap_InvestmentIncomeInterest 6us-gaap_InvestmentIncomeInterest
Interest and other expense (12)wdc_InterestAndOtherExpense (14)wdc_InterestAndOtherExpense (25)wdc_InterestAndOtherExpense (27)wdc_InterestAndOtherExpense
Total other expense, net (8)us-gaap_NonoperatingIncomeExpense (11)us-gaap_NonoperatingIncomeExpense (17)us-gaap_NonoperatingIncomeExpense (21)us-gaap_NonoperatingIncomeExpense
Income before income taxes 458us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 467us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 918us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 999us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 20us-gaap_IncomeTaxExpenseBenefit 37us-gaap_IncomeTaxExpenseBenefit 57us-gaap_IncomeTaxExpenseBenefit 74us-gaap_IncomeTaxExpenseBenefit
Net income $ 438us-gaap_NetIncomeLoss $ 430us-gaap_NetIncomeLoss $ 861us-gaap_NetIncomeLoss $ 925us-gaap_NetIncomeLoss
Income per common share:        
Basic $ 1.88us-gaap_EarningsPerShareBasic $ 1.82us-gaap_EarningsPerShareBasic $ 3.70us-gaap_EarningsPerShareBasic $ 3.92us-gaap_EarningsPerShareBasic
Diluted $ 1.84us-gaap_EarningsPerShareDiluted $ 1.77us-gaap_EarningsPerShareDiluted $ 3.60us-gaap_EarningsPerShareDiluted $ 3.81us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:        
Basic 233us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 236us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 233us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 236us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 238us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 243us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 239us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 243us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding