$STX
Seagate Technology Holdings plc

2021 Q4 Form 10-Q Financial Statement

#000113778921000128 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $3.116B $2.314B
YoY Change 34.66% -10.24%
Cost Of Revenue $2.168B $1.718B
YoY Change 26.19% -9.91%
Gross Profit $948.0M $596.0M
YoY Change 59.06% -11.18%
Gross Profit Margin 30.42% 25.76%
Selling, General & Admin $136.0M $118.0M
YoY Change 15.25% -3.28%
% of Gross Profit 14.35% 19.8%
Research & Development $228.0M $223.0M
YoY Change 2.24% -12.55%
% of Gross Profit 24.05% 37.42%
Depreciation & Amortization $104.0M $99.00M
YoY Change 5.05% 7.61%
% of Gross Profit 10.97% 16.61%
Operating Expenses $364.0M $341.0M
YoY Change 6.74% -10.5%
Operating Profit $580.0M $251.0M
YoY Change 131.08% -13.45%
Interest Expense $62.00M $50.00M
YoY Change 24.0% -221.95%
% of Operating Profit 10.69% 19.92%
Other Income/Expense, Net -$66.00M -$30.00M
YoY Change 120.0% -11.76%
Pretax Income $514.0M $221.0M
YoY Change 132.58% 11.62%
Income Tax $13.00M -$2.000M
% Of Pretax Income 2.53% -0.9%
Net Earnings $501.0M $223.0M
YoY Change 124.66% 11.5%
Net Earnings / Revenue 16.08% 9.64%
Basic Earnings Per Share $2.27 $0.87
Diluted Earnings Per Share $2.23 $0.86
COMMON SHARES
Basic Shares Outstanding 221.0M shares 257.0M shares
Diluted Shares Outstanding 225.0M shares 259.0M shares

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $991.0M $1.664B
YoY Change -40.44% -6.73%
Cash & Equivalents $1.535B $1.664B
Short-Term Investments
Other Short-Term Assets $229.0M $141.0M
YoY Change 62.41% 0.0%
Inventory $1.287B $1.323B
Prepaid Expenses
Receivables $1.399B $866.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.450B $3.994B
YoY Change 11.42% -0.92%
LONG-TERM ASSETS
Property, Plant & Equipment $2.216B $2.167B
YoY Change 2.26% 8.84%
Goodwill $1.237B $1.237B
YoY Change 0.0% 0.0%
Intangibles $19.00M $45.00M
YoY Change -57.78% -53.61%
Long-Term Investments $81.00M
YoY Change
Other Assets $327.0M $294.0M
YoY Change 11.22% 15.75%
Total Long-Term Assets $4.925B $4.868B
YoY Change 1.17% 3.42%
TOTAL ASSETS
Total Short-Term Assets $4.450B $3.994B
Total Long-Term Assets $4.925B $4.868B
Total Assets $9.375B $8.862B
YoY Change 5.79% 1.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.812B $1.795B
YoY Change 0.95% 2.57%
Accrued Expenses $655.0M $603.0M
YoY Change 8.62% 6.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $235.0M $25.00M
YoY Change 840.0%
Total Short-Term Liabilities $2.992B $2.644B
YoY Change 13.16% 3.73%
LONG-TERM LIABILITIES
Long-Term Debt $5.626B $4.138B
YoY Change 35.96% -0.05%
Other Long-Term Liabilities $149.0M $181.0M
YoY Change -17.68% 1.69%
Total Long-Term Liabilities $5.775B $4.319B
YoY Change 33.71% 0.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.992B $2.644B
Total Long-Term Liabilities $5.775B $4.319B
Total Liabilities $8.849B $7.041B
YoY Change 25.68% 1.05%
SHAREHOLDERS EQUITY
Retained Earnings -$6.533B -$4.947B
YoY Change 32.06% 3.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $526.0M $1.821B
YoY Change
Total Liabilities & Shareholders Equity $9.375B $8.862B
YoY Change 5.79% 1.42%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $501.0M $223.0M
YoY Change 124.66% 11.5%
Depreciation, Depletion And Amortization $104.0M $99.00M
YoY Change 5.05% 7.61%
Cash From Operating Activities $496.0M $297.0M
YoY Change 67.0% -34.87%
INVESTING ACTIVITIES
Capital Expenditures $117.0M $111.0M
YoY Change 5.41% -175.51%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $7.000M
YoY Change -142.86% -275.0%
Cash From Investing Activities -$120.0M -$104.0M
YoY Change 15.38% -31.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $425.0M $68.00M
YoY Change 525.0%
Debt Paid & Issued, Net $6.000M $13.00M
YoY Change -53.85%
Cash From Financing Activities -$594.0M -$251.0M
YoY Change 136.65% -67.19%
NET CHANGE
Cash From Operating Activities $496.0M $297.0M
Cash From Investing Activities -$120.0M -$104.0M
Cash From Financing Activities -$594.0M -$251.0M
Net Change In Cash -$218.0M -$58.00M
YoY Change 275.86% -87.39%
FREE CASH FLOW
Cash From Operating Activities $496.0M $297.0M
Capital Expenditures $117.0M $111.0M
Free Cash Flow $379.0M $186.0M
YoY Change 103.76% -69.15%

Facts In Submission

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33000000 USD
CY2020Q4 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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29000000 USD
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0 USD
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CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1724000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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993000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1666000000 USD
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631000000 USD
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425000000 USD
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151000000 USD
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34000000 USD
CY2021Q4 us-gaap Stockholders Equity
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601000000 USD
CY2020Q3 us-gaap Stockholders Equity
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223000000 USD
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20000000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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29000000 USD
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68000000 USD
CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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31000000 USD
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28000000 USD
CY2020Q4 us-gaap Stockholders Equity
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1821000000 USD
CY2021Q4 us-gaap Fiscal Period
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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 months ended October 1, 2021 and October 2, 2020 consisted of 13 weeks. Fiscal year 2022, which ends on July 1, 2022, is comprised of 52 weeks and fiscal year 2021, which ended on July 2, 2021, was comprised of 52 weeks. The fiscal quarters ended October 1, 2021, July 2, 2021 and October 2, 2020, are also referred to herein as the “September 2021 quarter”, the “June 2021 quarter” and the “September 2020 quarter”, respectively.
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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460000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
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0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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460000000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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571000000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
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0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
571000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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460000000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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571000000 USD
CY2021Q4 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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0 USD
CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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0 USD
CY2021Q4 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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0 USD
CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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424000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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424000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
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28000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
28000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
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0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
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0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
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8000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
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8000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
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460000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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460000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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991000000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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459000000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1209000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1664000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1722000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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2000000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
993000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1211000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1666000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1724000000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
424000000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
375000000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
443000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
305000000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
386000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1188000000 USD
CY2021Q3 us-gaap Inventory Net
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1204000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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10469000000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10378000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8256000000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8197000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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2213000000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
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2181000000 USD
CY2021Q4 us-gaap Dividends Payable Current
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151000000 USD
CY2021Q3 us-gaap Dividends Payable Current
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153000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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475000000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
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455000000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
626000000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
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608000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-9000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
3000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
4000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1000000 USD
CY2017Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0425
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
500000000 USD
CY2020Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.03375
CY2020Q4 stx Debt Instrument Repurchase Amount Qtd Unsettled
DebtInstrumentRepurchaseAmountQTDUnsettled
2000000 USD
CY2021Q4 stx Proceeds From Lines Of Credittt
ProceedsFromLinesOfCredittt
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
239000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
566000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
525000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
504000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
381000000 USD
CY2021Q4 stx Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
2995000000 USD
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
5210000000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000 USD
CY2021Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-10000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
4000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
112000000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000000 USD
CY2020Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-10000000 USD
CY2020Q4 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-4000000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-3000000 USD
CY2020Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2021Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2020Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1000000 USD
CY2021Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1000000 USD
CY2021Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
475000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
28000000 USD
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4000000 USD
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
21000000 USD
CY2021Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
81000000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
78000000 USD
CY2021Q4 stx Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
6000000 USD
CY2020Q4 stx Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
31000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
109000000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
117000000 USD
CY2021Q4 stx Authorized Share Capital Common And Preferred Stock Value
AuthorizedShareCapitalCommonAndPreferredStockValue
13500 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
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1250000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Shares Outstanding
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224504643 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote per share
CY2021Q4 stx Preferred Stock Minimum Number Of Series
PreferredStockMinimumNumberOfSeries
1
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3800000000 USD
CY2021Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5000000 shares
CY2021Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
425000000 USD
CY2021Q4 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
0 shares
CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
43000000 USD
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
5000000 shares
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
468000000 USD
CY2021Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
6000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3115000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2314000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3115000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2314000000 USD
CY2021Q4 stx Intellectualpropertyindemnificationobligations
Intellectualpropertyindemnificationobligations
0 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
136000000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
151000000 USD
CY2021Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
21000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
18000000 USD
CY2021Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
21000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-6000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
140000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142000000 USD
CY2021Q4 us-gaap Net Income Loss
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526000000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
223000000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226000000 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
257000000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231000000 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
259000000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.33
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.28
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86

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