$STX
Seagate Technology Holdings plc

2022 Q1 Form 10-Q Financial Statement

#000113778922000014 Filed on January 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $3.116B $2.623B
YoY Change 34.66% -2.71%
Cost Of Revenue $2.168B $1.927B
YoY Change 26.19% -0.57%
Gross Profit $948.0M $696.0M
YoY Change 59.06% -8.18%
Gross Profit Margin 30.42% 26.53%
Selling, General & Admin $136.0M $122.0M
YoY Change 15.25% 1.67%
% of Gross Profit 14.35% 17.53%
Research & Development $228.0M $221.0M
YoY Change 2.24% -11.6%
% of Gross Profit 24.05% 31.75%
Depreciation & Amortization $104.0M $96.00M
YoY Change 5.05% 3.23%
% of Gross Profit 10.97% 13.79%
Operating Expenses $364.0M $343.0M
YoY Change 6.74% -7.3%
Operating Profit $580.0M $348.0M
YoY Change 131.08% -9.38%
Interest Expense $62.00M $52.00M
YoY Change 24.0% 8.33%
% of Operating Profit 10.69% 14.94%
Other Income/Expense, Net -$66.00M -$57.00M
YoY Change 120.0% 18.75%
Pretax Income $514.0M $291.0M
YoY Change 132.58% -13.39%
Income Tax $13.00M $11.00M
% Of Pretax Income 2.53% 3.78%
Net Earnings $501.0M $280.0M
YoY Change 124.66% -11.95%
Net Earnings / Revenue 16.08% 10.67%
Basic Earnings Per Share $2.27 $1.12
Diluted Earnings Per Share $2.23 $1.12
COMMON SHARES
Basic Shares Outstanding 218.9M shares 221.0M shares 249.0M shares
Diluted Shares Outstanding 225.0M shares 251.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $991.0M $1.799B
YoY Change -40.44% 3.15%
Cash & Equivalents $1.535B $1.799B
Short-Term Investments
Other Short-Term Assets $229.0M $163.0M
YoY Change 62.41% 10.14%
Inventory $1.287B $1.318B
Prepaid Expenses
Receivables $1.399B $801.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.450B $4.081B
YoY Change 11.42% -1.71%
LONG-TERM ASSETS
Property, Plant & Equipment $2.216B $2.218B
YoY Change 2.26% 8.25%
Goodwill $1.237B $1.237B
YoY Change 0.0% 0.0%
Intangibles $19.00M $40.00M
YoY Change -57.78% -51.81%
Long-Term Investments $81.00M
YoY Change
Other Assets $327.0M $290.0M
YoY Change 11.22% -0.68%
Total Long-Term Assets $4.925B $4.905B
YoY Change 1.17% 2.62%
TOTAL ASSETS
Total Short-Term Assets $4.450B $4.081B
Total Long-Term Assets $4.925B $4.905B
Total Assets $9.375B $8.986B
YoY Change 5.79% 0.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.812B $1.730B
YoY Change 0.95% -7.49%
Accrued Expenses $655.0M $599.0M
YoY Change 8.62% 8.32%
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% 316.67%
Total Short-Term Liabilities $2.992B $2.621B
YoY Change 13.16% -2.93%
LONG-TERM LIABILITIES
Long-Term Debt $5.626B $5.120B
YoY Change 35.96% 23.82%
Other Long-Term Liabilities $149.0M $179.0M
YoY Change -17.68% 2.29%
Total Long-Term Liabilities $5.775B $5.299B
YoY Change 33.71% 22.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.992B $2.621B
Total Long-Term Liabilities $5.775B $5.299B
Total Liabilities $8.849B $7.996B
YoY Change 25.68% 12.59%
SHAREHOLDERS EQUITY
Retained Earnings -$6.533B -$5.829B
YoY Change 32.06% 21.34%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $526.0M $990.0M
YoY Change
Total Liabilities & Shareholders Equity $9.375B $8.986B
YoY Change 5.79% 0.6%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $501.0M $280.0M
YoY Change 124.66% -11.95%
Depreciation, Depletion And Amortization $104.0M $96.00M
YoY Change 5.05% 3.23%
Cash From Operating Activities $496.0M $473.0M
YoY Change 67.0% -1.46%
INVESTING ACTIVITIES
Capital Expenditures $117.0M -$159.0M
YoY Change 5.41% -18.04%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $0.00
YoY Change -142.86% -100.0%
Cash From Investing Activities -$120.0M -$159.0M
YoY Change 15.38% -32.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $425.0M
YoY Change 525.0%
Debt Paid & Issued, Net $6.000M
YoY Change -53.85%
Cash From Financing Activities -$594.0M -179.0M
YoY Change 136.65% -38.06%
NET CHANGE
Cash From Operating Activities $496.0M 473.0M
Cash From Investing Activities -$120.0M -159.0M
Cash From Financing Activities -$594.0M -179.0M
Net Change In Cash -$218.0M 135.0M
YoY Change 275.86% -413.95%
FREE CASH FLOW
Cash From Operating Activities $496.0M $473.0M
Capital Expenditures $117.0M -$159.0M
Free Cash Flow $379.0M $632.0M
YoY Change 103.76% -6.23%

Facts In Submission

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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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20000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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30000000 USD
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
290000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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533000000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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503000000 USD
us-gaap Depreciation Depletion And Amortization
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212000000 USD
us-gaap Depreciation Depletion And Amortization
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195000000 USD
us-gaap Share Based Compensation
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70000000 USD
us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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176000000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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770000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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270000000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
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us-gaap Proceeds From Sales Of Assets Investing Activities
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us-gaap Payments To Acquire Assets Investing Activities
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us-gaap Payments To Acquire Assets Investing Activities
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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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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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37000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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40000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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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 Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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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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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Net Income Loss
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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q4 us-gaap Stock Repurchased During Period Value
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CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q4 us-gaap Dividends Common Stock Cash
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CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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36000000 USD
CY2021Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Net Income Loss
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280000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q1 us-gaap Stock Repurchased During Period Value
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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0.67
CY2021Q1 us-gaap Dividends Common Stock Cash
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30000000 USD
CY2021Q1 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Stockholders Equity
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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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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Dividends Common Stock Cash
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q4 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Stockholders Equity
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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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us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Dividends Common Stock Cash
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Stockholders Equity
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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 and six months ended December 31, 2021 consisted of 13 and 26 weeks, respectively, and the three and six months ended January 1, 2021 consisted of 13 and 26 weeks, respectively. 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 December 31, 2021, October 1, 2021 and January 1, 2021, are also referred to herein as the “December 2021 quarter”, the “September 2021 quarter” and the “December 2020 quarter”, respectively.
CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2021Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
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CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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436000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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436000000 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
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28000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
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472000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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472000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2000000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 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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CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q4 us-gaap Inventory Net
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CY2021Q3 us-gaap Inventory Net
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CY2021Q3 us-gaap Property Plant And Equipment Gross
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CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021Q3 us-gaap Property Plant And Equipment Net
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us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2021Q4 us-gaap Dividends Payable Current
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CY2021Q3 us-gaap Dividends Payable Current
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CY2021Q3 us-gaap Other Accrued Liabilities Current
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CY2021Q4 us-gaap Accrued Liabilities Current
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CY2021Q3 us-gaap Accrued Liabilities Current
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608000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-2000000 USD
CY2021Q4 us-gaap Proceeds From Lines Of Credit
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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220000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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585000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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560000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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562000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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563000000 USD
CY2021Q4 stx Long Term Debt Maturity After Year Four
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3445000000 USD
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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5935000000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
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13000000 USD
us-gaap Income Tax Expense Benefit
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20000000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
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us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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115000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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11000000 USD
us-gaap Income Tax Expense Benefit
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9000000 USD
CY2021Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.25
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.25
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2021Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1000000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2000000 USD
CY2021Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2000000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
3000000 USD
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10000000 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
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 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
2000000 USD
stx Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
4000000 USD
CY2021Q1 stx Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
-7000000 USD
stx Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
16000000 USD
CY2021Q4 stx Authorized Share Capital Common And Preferred Stock Value
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13500 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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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219463688 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Common Stock Voting Rights
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one vote per share
CY2021Q4 stx Preferred Stock Minimum Number Of Series
PreferredStockMinimumNumberOfSeries
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CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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3300000000 USD
us-gaap Stock Repurchased During Period Shares
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10000000 shares
us-gaap Stock Repurchased During Period Value
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905000000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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45000000 USD
us-gaap Stock Repurchased And Retired During Period Shares
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11000000 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
950000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3116000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2623000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6231000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4937000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3116000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2623000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6231000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4937000000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
136000000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
151000000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
43000000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
37000000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
43000000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
42000000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
8000000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-9000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
144000000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
137000000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
501000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
280000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1027000000 USD
us-gaap Net Income Loss
NetIncomeLoss
503000000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
221000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
249000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253000000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2021Q1 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
2000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
225000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
251000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
255000000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.27
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.23
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
495000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
259000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
162000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
33000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
26000000 USD
CY2021Q4 stx Unrecorded Unconditional Purchase Obligation Due After Four Years
UnrecordedUnconditionalPurchaseObligationDueAfterFourYears
15000000 USD

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