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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 27, 2024
Dec. 29, 2023
Jun. 28, 2024
Jun. 30, 2023
Jul. 01, 2022
Revenue, net $ 3,759 $ 3,198      
Cost of revenue 2,427 3,225      
Gross profit (loss) 1,332 (27)      
Operating expenses:          
Research and development 562 486      
Selling, general and administrative 272 231      
Employee termination, asset impairment and other 5 (46)      
Business separation costs 41 34      
Goodwill impairment (0) 0 $ 0   $ 0
Gain on business divestiture (34) 0      
Total operating expenses 846 705      
Operating income (loss) 486 (732)      
Interest and other income (expense):          
Interest income 5 6      
Interest expense (6) (22)      
Other income (expense), net (45) (6)      
Total interest and other income (expense), net (46) (22)      
Income (loss) before taxes 440 (754)      
Income tax expense 125 65      
Net income (loss) $ 315 $ (819)      
The Flash Business of Western Digital Corporation [Member]          
Revenue, net     6,663 $ 6,086 9,754
Cost of revenue     5,591 5,656 6,510
Gross profit (loss)     1,072 430 3,244
Operating expenses:          
Research and development     1,061 1,167 1,362
Selling, general and administrative     455 558 666
Employee termination, asset impairment and other     (40) 69 16
Business separation costs     64 0 0
Goodwill impairment     0 671 0
Gain on business divestiture     0 0 (9)
Total operating expenses     1,540 2,465 2,044
Operating income (loss)     (468) (2,035) 1,200
Interest and other income (expense):          
Interest income     12 21 6
Interest expense     (40) (31) (15)
Other income (expense), net     (7) 43 43
Total interest and other income (expense), net     (35) 33 34
Income (loss) before taxes     (503) (2,002) 1,234
Income tax expense     169 141 170
Net income (loss)     $ (672) $ (2,143) $ 1,064