2023 Q4 Form 10-Q Financial Statement
#000113778923000128 Filed on October 27, 2023
Income Statement
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| Revenue | $1.555B | $1.454B |
| YoY Change | -17.59% | -44.67% |
| Cost Of Revenue | $1.193B | $1.305B |
| YoY Change | -27.3% | -30.18% |
| Gross Profit | $362.0M | $149.0M |
| YoY Change | 47.15% | -80.37% |
| Gross Profit Margin | 23.28% | 10.25% |
| Selling, General & Admin | $108.0M | $105.0M |
| YoY Change | -13.6% | -29.53% |
| % of Gross Profit | 29.83% | 70.47% |
| Research & Development | $161.0M | $171.0M |
| YoY Change | -19.5% | -30.77% |
| % of Gross Profit | 44.48% | 114.77% |
| Depreciation & Amortization | $62.00M | $76.00M |
| YoY Change | -58.11% | -40.16% |
| % of Gross Profit | 17.13% | 51.01% |
| Operating Expenses | $269.0M | $276.0M |
| YoY Change | -17.23% | -30.65% |
| Operating Profit | $124.0M | -$129.0M |
| YoY Change | -177.5% | -135.73% |
| Interest Expense | $84.00M | $84.00M |
| YoY Change | 9.09% | -231.25% |
| % of Operating Profit | 67.74% | |
| Other Income/Expense, Net | -$128.0M | -$18.00M |
| YoY Change | -204.92% | 20.0% |
| Pretax Income | -$4.000M | -$147.0M |
| YoY Change | -89.47% | -152.31% |
| Income Tax | $15.00M | $37.00M |
| % Of Pretax Income | ||
| Net Earnings | -$19.00M | -$184.0M |
| YoY Change | -42.42% | -166.67% |
| Net Earnings / Revenue | -1.22% | -12.65% |
| Basic Earnings Per Share | -$0.09 | -$0.88 |
| Diluted Earnings Per Share | -$0.09 | -$0.88 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 209.2M shares | 207.4M shares |
| Diluted Shares Outstanding | 209.0M shares | 208.0M shares |
Balance Sheet
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $787.0M | $795.0M |
| YoY Change | 2.21% | 29.27% |
| Cash & Equivalents | $787.0M | $795.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $317.0M | $268.0M |
| YoY Change | 14.44% | -16.51% |
| Inventory | $1.053B | $1.052B |
| Prepaid Expenses | ||
| Receivables | $471.0M | $521.0M |
| Other Receivables | $122.0M | $109.0M |
| Total Short-Term Assets | $2.628B | $2.636B |
| YoY Change | -14.7% | -34.64% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.642B | $1.652B |
| YoY Change | -22.62% | -26.22% |
| Goodwill | $1.237B | $1.237B |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $26.00M | $55.00M |
| YoY Change | -54.39% | -9.84% |
| Other Assets | $568.0M | $584.0M |
| YoY Change | 96.54% | 98.64% |
| Total Long-Term Assets | $4.521B | $4.560B |
| YoY Change | -5.54% | -7.15% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.628B | $2.636B |
| Total Long-Term Assets | $4.521B | $4.560B |
| Total Assets | $7.149B | $7.196B |
| YoY Change | -9.13% | -19.54% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.619B | $1.511B |
| YoY Change | 49.22% | -26.58% |
| Accrued Expenses | $743.0M | $790.0M |
| YoY Change | -10.37% | 32.55% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Total Short-Term Liabilities | $2.529B | $2.473B |
| YoY Change | -7.19% | -30.44% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $5.669B | $5.666B |
| YoY Change | 5.12% | 11.93% |
| Other Long-Term Liabilities | $679.0M | $667.0M |
| YoY Change | 406.72% | 394.07% |
| Total Long-Term Liabilities | $6.348B | $6.333B |
| YoY Change | 14.85% | 21.86% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.529B | $2.473B |
| Total Long-Term Liabilities | $6.348B | $6.333B |
| Total Liabilities | $8.963B | $8.898B |
| YoY Change | 7.51% | 0.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$9.194B | -$9.025B |
| YoY Change | 17.12% | 26.81% |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$1.814B | -$1.702B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.149B | $7.196B |
| YoY Change | -9.13% | -19.54% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$19.00M | -$184.0M |
| YoY Change | -42.42% | -166.67% |
| Depreciation, Depletion And Amortization | $62.00M | $76.00M |
| YoY Change | -58.11% | -40.16% |
| Cash From Operating Activities | $169.0M | $127.0M |
| YoY Change | -32.67% | -29.44% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $70.00M | $70.00M |
| YoY Change | -188.61% | -197.22% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $35.00M | $0.00 |
| YoY Change | 1650.0% | -100.0% |
| Cash From Investing Activities | -$35.00M | -$70.00M |
| YoY Change | -54.55% | 18.64% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $1.288B | |
| YoY Change | ||
| Cash From Financing Activities | -142.0M | -$49.00M |
| YoY Change | -13.94% | -92.39% |
| NET CHANGE | ||
| Cash From Operating Activities | 169.0M | $127.0M |
| Cash From Investing Activities | -35.00M | -$70.00M |
| Cash From Financing Activities | -142.0M | -$49.00M |
| Net Change In Cash | -8.000M | $9.000M |
| YoY Change | -188.89% | -101.72% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $169.0M | $127.0M |
| Capital Expenditures | $70.00M | $70.00M |
| Free Cash Flow | $99.00M | $57.00M |
| YoY Change | -70.0% | -77.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1305000000 | usd |
| CY2023Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
171000000 | usd |
| CY2023Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
105000000 | usd |
| CY2023Q3 | stx |
Amortizationofintangibleassetsexcludingamountincludedincostofrevenue
Amortizationofintangibleassetsexcludingamountincludedincostofrevenue
|
0 | usd |
| CY2022Q3 | stx |
Amortizationofintangibleassetsexcludingamountincludedincostofrevenue
Amortizationofintangibleassetsexcludingamountincludedincostofrevenue
|
3000000 | usd |
| CY2023Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2000000 | usd |
| CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
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9000000 | usd |
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Costs And Expenses
CostsAndExpenses
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1928000000 | usd |
| CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
107000000 | usd |
| CY2022Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000000 | usd |
| CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
71000000 | usd |
| CY2022Q3 | stx |
Gain Loss On Termination Of Interest Rate Swap Net
GainLossOnTerminationOfInterestRateSwapNet
|
0 | usd |
| CY2022Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
| CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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27000000 | usd |
| CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2000000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29000000 | usd |
| CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
208000000 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
210000000 | shares |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-113000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
37000000 | usd |
| CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-297000000 | usd |
| CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
66000000 | usd |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-184000000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29000000 | usd |
| CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
76000000 | usd |
| CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
135000000 | usd |
| CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
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25000000 | usd |
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Share Based Compensation
ShareBasedCompensation
|
29000000 | usd |
| CY2023Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
28000000 | usd |
| CY2022Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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| CY2023Q3 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-7000000 | usd |
| CY2022Q3 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
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| CY2023Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
50000000 | usd |
| CY2022Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
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-13000000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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-100000000 | usd |
| CY2022Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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-434000000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
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| CY2022Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
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| CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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| CY2022Q3 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
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54000000 | usd |
| CY2022Q3 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
4000000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-65000000 | usd |
| CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-93000000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
127000000 | usd |
| CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
245000000 | usd |
| CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
70000000 | usd |
| CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
133000000 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
0 | usd |
| CY2022Q3 | us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
1000000 | usd |
| CY2023Q3 | us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
0 | usd |
| CY2022Q3 | us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
1000000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-70000000 | usd |
| CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-133000000 | usd |
| CY2023Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1288000000 | usd |
| CY2022Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | usd |
| CY2023Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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145000000 | usd |
| CY2022Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
147000000 | usd |
| CY2023Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
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| CY2022Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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408000000 | usd |
| CY2023Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000000 | usd |
| CY2022Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
39000000 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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1500000000 | usd |
| CY2022Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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600000000 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
35000000 | usd |
| CY2022Q3 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
29000000 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-126000000 | usd |
| CY2022Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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-1000000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-49000000 | usd |
| CY2022Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
34000000 | usd |
| CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1000000 | usd |
| CY2022Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
| CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9000000 | usd |
| CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
146000000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
788000000 | usd |
| CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
617000000 | usd |
| CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
797000000 | usd |
| CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
763000000 | usd |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1199000000 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-113000000 | usd |
| CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
35000000 | usd |
| CY2023Q3 | stx |
Adjustments To Additional Paid In Capital Capped Call Options Issuance Of Convertible Notes
AdjustmentsToAdditionalPaidInCapitalCappedCallOptionsIssuanceOfConvertibleNotes
|
95000000 | usd |
| CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000000 | usd |
| CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.70 | |
| CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
146000000 | usd |
| CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
25000000 | usd |
| CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1702000000 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
109000000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29000000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
37000000 | usd |
| CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
29000000 | usd |
| CY2022Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
400000000 | usd |
| CY2022Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
39000000 | usd |
| CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.70 | |
| CY2022Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
145000000 | usd |
| CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
29000000 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-351000000 | usd |
| CY2023Q3 | 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. Both the three months ended September 29, 2023 and September 30, 2022 consisted of 13 weeks. Fiscal years 2024 and 2023 both comprise 52 weeks and end on June 28, 2024 and June 30, 2023, respectively. The fiscal quarters ended September 29, 2023, June 30, 2023 and September 30, 2022, are also referred to herein as the “September 2023 quarter”, the “June 2023 quarter” and the “September 2022 quarter”, respectively. | |
| CY2023Q3 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Other Long-Lived Assets<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with its policy, the Company reviews the estimated useful lives of its fixed assets on an ongoing basis. Effective from the first quarter of fiscal year 2024, the Company changed the useful lives of certain manufacturing equipment from a range of <span style="-sec-ix-hidden:f-262">three</span> to seven years to a range of <span style="-sec-ix-hidden:f-264">three</span> to ten years based on its review of technology product roadmap. The effect of this change in estimate increased the net income and diluted earnings per share by approximately </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$10 million and $0.05, respectively,</span> for the three months ended September 29, 2023. | |
| CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
137000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
137000000 | usd |
| CY2023Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
90000000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
|
0 | usd |
| CY2023Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
90000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
137000000 | usd |
| CY2023Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
90000000 | usd |
| CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
0 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
0 | usd |
| CY2023Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
|
122000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
|
122000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
|
15000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
|
15000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
|
0 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
|
137000000 | usd |
| CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
|
137000000 | usd |
| CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
795000000 | usd |
| CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
786000000 | usd |
| CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
761000000 | usd |
| CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
615000000 | usd |
| CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2000000 | usd |
| CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
797000000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
788000000 | usd |
| CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
763000000 | usd |
| CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
617000000 | usd |
| CY2023Q3 | us-gaap |
Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
|
292000000 | usd |
| CY2023Q3 | us-gaap |
Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
|
363000000 | usd |
| CY2022Q3 | us-gaap |
Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
|
200000000 | usd |
| CY2022Q3 | us-gaap |
Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
|
237000000 | usd |
| CY2023Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
243000000 | usd |
| CY2023Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
241000000 | usd |
| CY2023Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
657000000 | usd |
| CY2023Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
682000000 | usd |
| CY2023Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
152000000 | usd |
| CY2023Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
217000000 | usd |
| CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
1052000000 | usd |
| CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
1140000000 | usd |
| CY2023Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
109000000 | usd |
| CY2023Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
167000000 | usd |
| CY2023Q3 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
159000000 | usd |
| CY2023Q2 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
191000000 | usd |
| CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
268000000 | usd |
| CY2023Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
358000000 | usd |
| CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
10260000000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
10267000000 | usd |
| CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8608000000 | usd |
| CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8561000000 | usd |
| CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1652000000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1706000000 | usd |
| CY2023Q3 | stx |
Restructuring And Related Cost Accelerated Depreciation And Other
RestructuringAndRelatedCostAcceleratedDepreciationAndOther
|
13000000 | usd |
| CY2022Q3 | stx |
Restructuring And Related Cost Accelerated Depreciation And Other
RestructuringAndRelatedCostAcceleratedDepreciationAndOther
|
22000000 | usd |
| CY2023Q3 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
146000000 | usd |
| CY2023Q2 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
145000000 | usd |
| CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
644000000 | usd |
| CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
603000000 | usd |
| CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
790000000 | usd |
| CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
748000000 | usd |
| CY2023Q3 | stx |
Capped Call Transaction Price Per Share
CappedCallTransactionPricePerShare
|
107.848 | |
| CY2023Q3 | stx |
Capped Call Transaction Premium
CappedCallTransactionPremium
|
0.70 | |
| CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
63.44 | |
| CY2023Q3 | stx |
Adjustments To Additional Paid In Capital Capped Call Options Issuance Of Convertible Notes
AdjustmentsToAdditionalPaidInCapitalCappedCallOptionsIssuanceOfConvertibleNotes
|
95000000 | usd |
| CY2019Q3 | stx |
Debt Instrument Covenant Minimum Liquidity
DebtInstrumentCovenantMinimumLiquidity
|
700000000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
0 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
479000000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
0 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
505000000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1500000000 | usd |
| CY2023Q3 | stx |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
3245000000 | usd |
| CY2023Q3 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
5729000000 | usd |
| CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
37000000 | usd |
| CY2023Q3 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
33000000 | usd |
| CY2023Q3 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-9000000 | usd |
| CY2023Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
107000000 | usd |
| CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2000000 | usd |
| CY2022Q3 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-7000000 | usd |
| CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | |
| CY2022Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | |
| CY2023Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
2000000 | usd |
| CY2022Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
9000000 | usd |
| CY2022Q4 | us-gaap |
Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
|
480 | numberofemployees |
| CY2023Q2 | us-gaap |
Restructuring And Related Cost Number Of Positions Eliminated Inception To Date
RestructuringAndRelatedCostNumberOfPositionsEliminatedInceptionToDate
|
3480 | numberofemployees |
| CY2023Q3 | us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-1000000 | usd |
| CY2023Q3 | stx |
Gain Loss On Termination Of Interest Rate Swap Net
GainLossOnTerminationOfInterestRateSwapNet
|
104000000 | usd |
| CY2023Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
55000000 | usd |
| CY2022Q3 | stx |
Net Gains Losses From Investment Under Measurement Alternative
NetGainsLossesFromInvestmentUnderMeasurementAlternative
|
3000000 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | usd |
| CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
18000000 | usd |
| CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
23000000 | usd |
| CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
11000000 | usd |
| CY2022Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3000000 | usd |
| CY2023Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
55000000 | usd |
| CY2023Q3 | stx |
Authorized Share Capital Common And Preferred Stock Value
AuthorizedShareCapitalCommonAndPreferredStockValue
|
13500 | usd |
| CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1250000000 | shares |
| CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
| CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
209181031 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2023Q3 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote per share | |
| CY2023Q3 | stx |
Preferred Stock Minimum Number Of Series
PreferredStockMinimumNumberOfSeries
|
1 | |
| CY2023Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1900000000 | usd |
| CY2023Q3 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
0 | shares |
| CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000000 | usd |
| CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares |
| CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
25000000 | usd |
| CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1454000000 | usd |
| CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2035000000 | usd |
| CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1454000000 | usd |
| CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2035000000 | usd |
| CY2023Q3 | stx |
Intellectual Property Indemnification Obligations
IntellectualPropertyIndemnificationObligations
|
0 | usd |
| CY2023Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
168000000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
148000000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
13000000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
13000000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
18000000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
24000000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
13000000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
12000000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
176000000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
149000000 | usd |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-184000000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29000000 | usd |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
208000000 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
208000000 | shares |
| CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000 | shares |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
208000000 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
210000000 | shares |
| CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.88 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
| CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.88 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
| CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6000000 | shares |
| CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2023Q2 | stx |
Loss Contingency Settlement Amount
LossContingencySettlementAmount
|
300000000 | usd |
| CY2023Q2 | stx |
Loss Contingency Settlement Quarterly Installments Amount
LossContingencySettlementQuarterlyInstallmentsAmount
|
15000000 | usd |
| CY2023Q2 | stx |
Loss Contingency Settlement Terms Period Of Payments
LossContingencySettlementTermsPeriodOfPayments
|
P5Y | |
| CY2023Q2 | stx |
Loss Contingency Settlement Number Of Audits
LossContingencySettlementNumberOfAudits
|
3 | audit |
| CY2023Q2 | stx |
Loss Contingency Number Of Third Party Audits
LossContingencyNumberOfThirdPartyAudits
|
1 | audit |
| CY2023Q2 | stx |
Loss Contingency Settlement Number Of Internal Audits
LossContingencySettlementNumberOfInternalAudits
|
2 | audit |
| CY2023Q2 | stx |
Loss Contingency Settlement Suspended Denial Order Period
LossContingencySettlementSuspendedDenialOrderPeriod
|
P5Y | |
| CY2022Q3 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
300000000 | usd |
| CY2023Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
2600000000 | usd |
| CY2023Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
|
184000000 | usd |
| CY2023Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
|
223000000 | usd |
| CY2023Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
|
1500000000 | usd |
| CY2023Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
|
739000000 | usd |
| CY2023Q3 | stx |
Recorded Unconditional Purchase Obligation Order Cancellation Fees
RecordedUnconditionalPurchaseObligationOrderCancellationFees
|
118000000 | usd |
| CY2023Q3 | stx |
Recorded Unconditional Purchase Obligation Accrued Order Cancellation Fees
RecordedUnconditionalPurchaseObligationAccruedOrderCancellationFees
|
151000000 | usd |
| CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
