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Business Segments, Geographic Information, and Concentrations of Risk (Tables)
6 Months Ended
Dec. 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 EndedSix Months Ended
December 30,
2022
December 31,
2021
December 30,
2022
December 31,
2021
$ in millions
Net revenue:
Flash$1,657 $2,620 $3,379 $5,110 
HDD1,450 2,213 3,464 4,774 
Total net revenue$3,107 $4,833 $6,843 $9,884 
Gross profit:
Flash$240 $946 $662 $1,867 
HDD300 677 874 1,469 
Total gross profit for segments540 1,623 1,536 3,336 
Unallocated corporate items:
Stock-based compensation expense(12)(14)(26)(23)
Amortization of acquired intangible assets— (26)(1)(65)
Total unallocated corporate items(12)(40)(27)(88)
Consolidated gross profit$528 $1,583 $1,509 $3,248 
Gross margin:
Flash14.5 %36.1 %19.6 %36.5 %
HDD20.7 %30.6 %25.2 %30.8 %
Consolidated gross margin17.0 %32.8 %22.1 %32.9 %
Schedule of Disaggregation of Revenue The Company’s disaggregated revenue information is as follows:
Three Months EndedSix Months Ended
December 30,
2022
December 31,
2021
December 30,
2022
December 31,
2021
(in millions)
Revenue by End Market
Cloud$1,224 $1,920 $3,053 $4,145 
Client1,089 1,854 2,318 3,707 
Consumer794 1,059 1,472 2,032 
Total Revenue$3,107 $4,833 $6,843 $9,884 
Revenue by Geography
Asia$1,494 $2,610 $3,180 $5,285 
Americas1,090 1,407 2,513 3,021 
Europe, Middle East and Africa523 816 1,150 1,578 
Total Revenue$3,107 $4,833 $6,843 $9,884 
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 December 30, 2022$5,718 $4,323 $10,041