$STX
Seagate Technology Holdings plc

2020 Q1 Form 10-Q Financial Statement

#000113778920000015 Filed on February 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2018 Q4 2018 Q3
Revenue $2.696B $2.715B $2.991B
YoY Change 16.56% -6.83% 13.64%
Cost Of Revenue $1.938B $1.921B $2.078B
YoY Change 13.2% -5.69% 9.6%
Gross Profit $758.0M $794.0M $913.0M
YoY Change 26.12% -9.46% 24.05%
Gross Profit Margin 28.12% 29.24% 30.52%
Selling, General & Admin $120.0M $120.0M $115.0M
YoY Change 9.09% -15.49% -20.69%
% of Gross Profit 15.83% 15.11% 12.6%
Research & Development $250.0M $246.0M $266.0M
YoY Change 5.04% -1.6% 1.14%
% of Gross Profit 32.98% 30.98% 29.13%
Depreciation & Amortization $93.00M $138.0M $134.0M
YoY Change -31.11% -12.1% -16.77%
% of Gross Profit 12.27% 17.38% 14.68%
Operating Expenses $370.0M $366.0M $381.0M
YoY Change 6.32% -6.63% -6.62%
Operating Profit $384.0M $416.0M $503.0M
YoY Change 62.71% -3.93% 97.25%
Interest Expense $48.00M $56.00M $58.00M
YoY Change -12.73% -8.2% -4.92%
% of Operating Profit 12.5% 13.46% 11.53%
Other Income/Expense, Net -$48.00M -$18.00M -$35.00M
YoY Change 128.57% -70.97% -47.76%
Pretax Income $336.0M $398.0M $468.0M
YoY Change 56.28% 7.28% 148.94%
Income Tax $18.00M $14.00M $18.00M
% Of Pretax Income 5.36% 3.52% 3.85%
Net Earnings $318.0M $384.0M $450.0M
YoY Change 63.08% 141.51% 148.62%
Net Earnings / Revenue 11.8% 14.14% 15.05%
Basic Earnings Per Share $1.21 $1.35 $1.57
Diluted Earnings Per Share $1.20 $1.34 $1.54
COMMON SHARES
Basic Shares Outstanding 262.0M shares 285.0M shares 287.0M shares
Diluted Shares Outstanding 265.0M shares 287.0M shares 292.0M shares

Balance Sheet

Concept 2020 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.744B $1.357B $1.942B
YoY Change 25.65% -46.91% -15.01%
Cash & Equivalents $1.744B $1.357B $1.942B
Short-Term Investments
Other Short-Term Assets $148.0M $164.0M $263.0M
YoY Change -26.37% -42.46% -16.77%
Inventory $1.148B $1.097B $1.116B
Prepaid Expenses
Receivables $1.112B $1.058B $1.202B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.152B $3.676B $4.523B
YoY Change 19.07% -25.13% -6.24%
LONG-TERM ASSETS
Property, Plant & Equipment $2.049B $1.823B $1.789B
YoY Change 12.46% 3.46% -1.54%
Goodwill $1.237B $1.237B $1.237B
YoY Change 0.0% -0.08% 0.0%
Intangibles $83.00M $149.0M $169.0M
YoY Change -35.66% -32.88% -33.73%
Long-Term Investments $1.300B $1.259B
YoY Change
Other Assets $292.0M $188.0M $185.0M
YoY Change 56.15% -12.96% -13.55%
Total Long-Term Assets $4.780B $5.113B $5.055B
YoY Change -6.44% 33.15% 22.34%
TOTAL ASSETS
Total Short-Term Assets $4.152B $3.676B $4.523B
Total Long-Term Assets $4.780B $5.113B $5.055B
Total Assets $8.932B $8.789B $9.578B
YoY Change 3.91% 0.45% 6.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.870B $1.442B $1.776B
YoY Change 42.75% -10.99% 15.4%
Accrued Expenses $553.0M $589.0M $616.0M
YoY Change -6.43% -7.82% -6.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $0.00 $499.0M
YoY Change -100.0%
Total Short-Term Liabilities $2.700B $2.300B $3.175B
YoY Change 25.82% -26.12% 29.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.135B $4.324B $4.322B
YoY Change -8.56% 0.19% -13.59%
Other Long-Term Liabilities $175.0M $108.0M $102.0M
YoY Change 43.44% -12.2% -15.0%
Total Long-Term Liabilities $4.310B $4.432B $4.424B
YoY Change -7.19% -0.16% -13.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.700B $2.300B $3.175B
Total Long-Term Liabilities $4.310B $4.432B $4.424B
Total Liabilities $7.102B $6.855B $7.732B
YoY Change 2.82% -10.85% 0.23%
SHAREHOLDERS EQUITY
Retained Earnings -$4.804B -$4.502B -$4.569B
YoY Change -0.08% -12.99% -7.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.830B $1.934B $1.846B
YoY Change
Total Liabilities & Shareholders Equity $8.932B $8.789B $9.578B
YoY Change 3.91% 0.45% 6.95%

Cashflow Statement

Concept 2020 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $318.0M $384.0M $450.0M
YoY Change 63.08% 141.51% 148.62%
Depreciation, Depletion And Amortization $93.00M $138.0M $134.0M
YoY Change -31.11% -12.1% -16.77%
Cash From Operating Activities $480.0M $288.0M $587.0M
YoY Change 9.59% -66.12% 147.68%
INVESTING ACTIVITIES
Capital Expenditures -$194.0M -$127.0M $177.0M
YoY Change 31.97% 64.94% 42.74%
Acquisitions
YoY Change
Other Investing Activities -$40.00M $73.00M $0.00
YoY Change -322.22% -7400.0% -100.0%
Cash From Investing Activities -$234.0M -$54.00M -$176.0M
YoY Change 81.4% -30.77% 33.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0M
YoY Change -9.64%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -289.0M -815.0M -$326.0M
YoY Change 4.71% 62.35% -10.19%
NET CHANGE
Cash From Operating Activities 480.0M 288.0M $587.0M
Cash From Investing Activities -234.0M -54.00M -$176.0M
Cash From Financing Activities -289.0M -815.0M -$326.0M
Net Change In Cash -43.00M -581.0M $88.00M
YoY Change -230.3% -315.19% -134.65%
FREE CASH FLOW
Cash From Operating Activities $480.0M $288.0M $587.0M
Capital Expenditures -$194.0M -$127.0M $177.0M
Free Cash Flow $674.0M $415.0M $410.0M
YoY Change 15.21% -55.23% 262.83%

Facts In Submission

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CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
325000000 USD
CY2018Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
375000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
519000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
829000000 USD
us-gaap Net Income Loss
NetIncomeLoss
518000000 USD
us-gaap Net Income Loss
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834000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
185000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
272000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
53000000 USD
us-gaap Share Based Compensation
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45000000 USD
us-gaap Deferred Income Tax Expense Benefit
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-4000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000 USD
us-gaap Other Noncash Income Expense
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-47000000 USD
us-gaap Other Noncash Income Expense
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44000000 USD
us-gaap Increase Decrease In Accounts Receivable
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124000000 USD
us-gaap Increase Decrease In Accounts Receivable
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-135000000 USD
us-gaap Increase Decrease In Inventories
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172000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
47000000 USD
us-gaap Increase Decrease In Accounts Payable
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458000000 USD
us-gaap Increase Decrease In Accounts Payable
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-240000000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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22000000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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-89000000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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-38000000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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-16000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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9000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-24000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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936000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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875000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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341000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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304000000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
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0 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
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66000000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
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0 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
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10000000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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1000000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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6000000 USD
us-gaap Payments To Acquire Assets Investing Activities
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45000000 USD
us-gaap Payments To Acquire Assets Investing Activities
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8000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments Of Dividends Common Stock
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335000000 USD
us-gaap Payments Of Dividends Common Stock
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361000000 USD
us-gaap Payments For Repurchase Of Common Stock
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600000000 USD
us-gaap Payments For Repurchase Of Common Stock
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286000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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39000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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30000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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498000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
69000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
35000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-2000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-497000000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2251000000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1857000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1746000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1360000000 USD
CY2019Q4 us-gaap Stockholders Equity
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1770000000 USD
CY2020Q1 us-gaap Net Income Loss
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318000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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30000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
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150000000 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2000000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
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170000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1830000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1846000000 USD
CY2018Q4 us-gaap Net Income Loss
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384000000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9000000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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3000000 USD
CY2018Q4 us-gaap Stock Repurchased During Period Value
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136000000 USD
CY2018Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 USD
CY2018Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
178000000 USD
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1934000000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
2162000000 USD
CY2020Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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1000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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69000000 USD
us-gaap Stock Repurchased During Period Value
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597000000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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39000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
335000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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53000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1830000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1665000000 USD
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
34000000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Stock Issued During Period Value Share Based Compensation
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35000000 USD
us-gaap Stock Repurchased During Period Value
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286000000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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30000000 USD
us-gaap Dividends Common Stock Cash
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358000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
45000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1934000000 USD
us-gaap Fiscal Period
FiscalPeriod
The Company operates and reports financial results on a fiscal year of 52 or 53 weeks ending on the Friday closest to June 30. In fiscal years with 53 weeks, the first quarter consists of 14 weeks and the remaining quarters consist of 13 weeks each. The three and six months ended January 3, 2020 consisted of 13 weeks and 27 weeks, respectively, and the three and six months ended December 28, 2018 consisted of 13 weeks and 26 weeks, respectively. Fiscal year 2020, which ends on July 3, 2020, is comprised of 53 weeks and fiscal year 2019, which ended on June 28, 2019, was comprised of 52 weeks. The fiscal quarters ended January 3, 2020, October 4, 2019 and December 28, 2018, are also referred to herein as the “December 2019 quarter”, the “September 2019 quarter” and the “December 2018 quarter”, respectively.
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
686000000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
686000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
686000000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
672000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
672000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
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6000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
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6000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
8000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
8000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
686000000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
686000000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
557000000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
0 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
557000000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
557000000 USD
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 USD
CY2019 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1744000000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2220000000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1357000000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1853000000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
31000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3000000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1746000000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2251000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1360000000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1857000000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
31000000 USD
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
346000000 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
336000000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
365000000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
217000000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
437000000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
417000000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
1148000000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
970000000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
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10095000000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9835000000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8046000000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7966000000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2049000000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1869000000 USD
CY2020Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
170000000 USD
CY2019Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
170000000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
383000000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
382000000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
553000000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
552000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
525000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
766000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
525000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2336000000 USD
CY2020Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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4171000000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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10000000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
86000000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000000 USD
CY2018Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
5000000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
4000000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
11000000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2000000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
6000000 USD
us-gaap Lease Cost
LeaseCost
13000000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
9000000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y10M24D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0629
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
109000000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14000000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
105000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
156000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
87000000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
69000000 USD
us-gaap Restructuring Charges
RestructuringCharges
17000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3000000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1000000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1000000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount
1000000 USD
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2020Q1 stx Indemnificationsobligationsto Officersand Directors
IndemnificationsobligationstoOfficersandDirectors
0 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount
0 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
25000000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
33000000 USD
CY2020Q1 stx Authorized Share Capital Common And Preferred Stock Value
AuthorizedShareCapitalCommonAndPreferredStockValue
13500 USD
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1250000000 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
260923948 shares
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2020Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Common Stock Voting Rights
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one vote per share
CY2020Q1 stx Preferred Stock Minimum Number Of Series
PreferredStockMinimumNumberOfSeries
1
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1600000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
12000000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
597000000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
1000000 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
39000000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
13000000 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
636000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2696000000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2715000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5274000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5706000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2696000000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2715000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5274000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5706000000 USD
CY2020Q1 stx Intellectualpropertyindemnificationobligations
Intellectualpropertyindemnificationobligations
0 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
195000000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
237000000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
46000000 USD
CY2018Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
65000000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44000000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
52000000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-28000000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-28000000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
169000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
222000000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262000000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
318000000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
384000000 USD
us-gaap Net Income Loss
NetIncomeLoss
518000000 USD
us-gaap Net Income Loss
NetIncomeLoss
834000000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
286000000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265000000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
287000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
268000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
290000000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.92
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.88

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