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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Net Investment from Western Digital Corporation
Beginning balance (shares) at Jun. 28, 2024   0        
Beginning balance at Jun. 28, 2024 $ 11,082 $ 0 $ 0 $ 0 $ (452) $ 11,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 211         211
Foreign currency translation adjustment 43       43  
Net unrealized gain (loss) on derivative contracts 166       166  
Stock-based compensation 41         41
Net transfer from Western Digital Corporation 583         583
Ending balance (shares) at Sep. 27, 2024   0        
Ending balance at Sep. 27, 2024 12,126 $ 0 0 0 (243) 12,369
Beginning balance (shares) at Jun. 28, 2024   0        
Beginning balance at Jun. 28, 2024 11,082 $ 0 0 0 (452) 11,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 315          
Foreign currency translation adjustment (35)          
Ending balance (shares) at Dec. 27, 2024   0        
Ending balance at Dec. 27, 2024 12,001 $ 0 0 0 (434) 12,435
Beginning balance (shares) at Sep. 27, 2024   0        
Beginning balance at Sep. 27, 2024 12,126 $ 0 0 0 (243) 12,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 104         104
Foreign currency translation adjustment (78)       (78)  
Net unrealized gain (loss) on derivative contracts (107)       (107)  
Stock-based compensation 48         48
Net transfer from Western Digital Corporation (92)       (6) (86)
Ending balance (shares) at Dec. 27, 2024   0        
Ending balance at Dec. 27, 2024 12,001 $ 0 0 0 (434) $ 12,435
Beginning balance (shares) at Jun. 27, 2025   146        
Beginning balance at Jun. 27, 2025 9,216 $ 1 11,248 (1,784) (249)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 112     112    
Employee stock plans (in shares)   1        
Employee stock plans (15)   (15)      
Foreign currency translation adjustment (14)       (14)  
Net unrealized gain (loss) on derivative contracts 29       29  
Stock-based compensation 53   53      
Ending balance (shares) at Oct. 03, 2025   147        
Ending balance at Oct. 03, 2025 9,381 $ 1 11,286 (1,672) (234)  
Beginning balance (shares) at Jun. 27, 2025   146        
Beginning balance at Jun. 27, 2025 9,216 $ 1 11,248 (1,784) (249)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 915          
Foreign currency translation adjustment (42)          
Ending balance (shares) at Jan. 02, 2026   148        
Ending balance at Jan. 02, 2026 10,213 $ 1 11,336 (869) (255)  
Beginning balance (shares) at Oct. 03, 2025   147        
Beginning balance at Oct. 03, 2025 9,381 $ 1 11,286 (1,672) (234)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income (Loss) 803     803    
Employee stock plans (in shares)   1        
Employee stock plans (8)   (8)      
Foreign currency translation adjustment (28)       (28)  
Net unrealized gain (loss) on derivative contracts 7       7  
Stock-based compensation 58   58      
Ending balance (shares) at Jan. 02, 2026   148        
Ending balance at Jan. 02, 2026 $ 10,213 $ 1 $ 11,336 $ (869) $ (255)