2016 Q3 Form 10-K Financial Statement

#000119312517248796 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3 2015
Revenue $2.797B $2.928B $13.74B
YoY Change -4.47% 0.11%
Cost Of Revenue $1.996B $2.152B $9.930B
YoY Change -7.25% 0.53%
Gross Profit $801.0M $776.0M $3.809B
YoY Change 3.22% -0.96%
Gross Profit Margin 28.64% 26.5% 27.72%
Selling, General & Admin $155.0M $203.0M $857.0M
YoY Change -23.65% 18.7%
% of Gross Profit 19.35% 26.16% 22.5%
Research & Development $315.0M $324.0M $1.353B
YoY Change -2.78% 10.36%
% of Gross Profit 39.33% 41.75% 35.52%
Depreciation & Amortization $200.0M $212.0M $841.0M
YoY Change -5.66% -4.32%
% of Gross Profit 24.97% 27.32% 22.08%
Operating Expenses $470.0M $561.0M $2.210B
YoY Change -16.22% 13.45%
Operating Profit $221.0M $215.0M $2.058B
YoY Change 2.79% 15.88%
Interest Expense $50.00M -$53.00M $207.0M
YoY Change -194.34% 6.15%
% of Operating Profit 22.62% -24.65% 10.06%
Other Income/Expense, Net -$48.00M -$5.000M -$88.00M
YoY Change 860.0% -60.0%
Pretax Income $173.0M $149.0M $1.970B
YoY Change 16.11% 1222.15%
Income Tax $6.000M $12.00M $228.0M
% Of Pretax Income 3.47% 8.05% 11.57%
Net Earnings $167.0M $137.0M $1.742B
YoY Change 21.9% 10.96%
Net Earnings / Revenue 5.97% 4.68% 12.68%
Basic Earnings Per Share $0.56 $5.38
Diluted Earnings Per Share $0.55 $425.5K $5.26
COMMON SHARES
Basic Shares Outstanding 299.0M shares 302.0M shares 324.0M shares
Diluted Shares Outstanding 301.0M shares 331.0M shares

Balance Sheet

Concept 2016 Q3 2015 Q3 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.131B $2.485B $2.485B
YoY Change -54.49% -6.37%
Cash & Equivalents $1.125B $2.479B $2.479B
Short-Term Investments $6.000M $6.000M $6.000M
Other Short-Term Assets $216.0M $233.0M $289.0M
YoY Change -7.3% -2.69%
Inventory $868.0M $993.0M $993.0M
Prepaid Expenses
Receivables $1.318B $1.735B $1.735B
Other Receivables $0.00 $66.00M $66.00M
Total Short-Term Assets $3.533B $5.568B $5.568B
YoY Change -36.55% -3.62%
LONG-TERM ASSETS
Property, Plant & Equipment $2.160B $2.278B $2.278B
YoY Change -5.18% 6.65%
Goodwill $1.237B $874.0M
YoY Change 41.53%
Intangibles $448.0M $370.0M
YoY Change 21.08%
Long-Term Investments
YoY Change
Other Assets $219.0M $259.0M $755.0M
YoY Change -15.44% 10.54%
Total Long-Term Assets $4.680B $4.277B $4.277B
YoY Change 9.42% 15.13%
TOTAL ASSETS
Total Short-Term Assets $3.533B $5.568B $5.568B
Total Long-Term Assets $4.680B $4.277B $4.277B
Total Assets $8.213B $9.845B $9.845B
YoY Change -16.58% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.517B $1.540B $1.540B
YoY Change -1.49% -0.58%
Accrued Expenses $444.0M $412.0M $799.0M
YoY Change 7.77% -5.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.249B $2.343B $2.343B
YoY Change -4.01% -2.29%
LONG-TERM LIABILITIES
Long-Term Debt $4.091B $4.155B $4.155B
YoY Change -1.54% 5.99%
Other Long-Term Liabilities $164.0M $183.0M $329.0M
YoY Change -10.38% -3.8%
Total Long-Term Liabilities $164.0M $183.0M $4.484B
YoY Change -10.38% 5.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.249B $2.343B $2.343B
Total Long-Term Liabilities $164.0M $183.0M $4.484B
Total Liabilities $6.620B $6.827B $6.827B
YoY Change -3.03% 2.51%
SHAREHOLDERS EQUITY
Retained Earnings -$4.311B -$2.686B
YoY Change 60.5%
Common Stock $5.929B $5.734B
YoY Change 3.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.593B $3.018B $3.018B
YoY Change
Total Liabilities & Shareholders Equity $8.213B $9.845B $9.845B
YoY Change -16.58% 3.72%

Cashflow Statement

Concept 2016 Q3 2015 Q3 2015
OPERATING ACTIVITIES
Net Income $167.0M $137.0M $1.742B
YoY Change 21.9% 10.96%
Depreciation, Depletion And Amortization $200.0M $212.0M $841.0M
YoY Change -5.66% -4.32%
Cash From Operating Activities $591.0M $228.0M $2.650B
YoY Change 159.21% 3.6%
INVESTING ACTIVITIES
Capital Expenditures $140.0M -$201.0M $747.0M
YoY Change -169.65% 33.63%
Acquisitions $453.0M
YoY Change 58.95%
Other Investing Activities $0.00 -$18.00M $105.0M
YoY Change -100.0% 208.82%
Cash From Investing Activities -$139.0M -$219.0M -$1.287B
YoY Change -36.53% 299.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $101.0M $1.087B
YoY Change -43.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$89.00M -136.0M -$1.495B
YoY Change -34.56% 14.04%
NET CHANGE
Cash From Operating Activities $591.0M 228.0M $2.650B
Cash From Investing Activities -$139.0M -219.0M -$1.287B
Cash From Financing Activities -$89.00M -136.0M -$1.495B
Net Change In Cash $363.0M -127.0M -$132.0M
YoY Change -385.83% -114.27%
FREE CASH FLOW
Cash From Operating Activities $591.0M $228.0M $2.650B
Capital Expenditures $140.0M -$201.0M $747.0M
Free Cash Flow $451.0M $429.0M $1.903B
YoY Change 5.13% -4.8%

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1000000 USD
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1970000000 USD
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204000000 USD
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121000000 USD
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53000000 USD
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114000000 USD
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3000000 shares
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350000000 USD
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3613000000 USD
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750000000 USD
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710000000 USD
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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2650000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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1680000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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1916000000 USD
CY2015 us-gaap Net Income Loss
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1742000000 USD
CY2016 us-gaap Net Income Loss
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248000000 USD
CY2017 us-gaap Net Income Loss
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772000000 USD
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2907000000 USD
CY2016Q3 us-gaap Noncurrent Assets
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2864000000 USD
CY2017Q2 us-gaap Noncurrent Assets
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2380000000 USD
CY2015 us-gaap Nonoperating Income Expense
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-88000000 USD
CY2016 us-gaap Nonoperating Income Expense
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-171000000 USD
CY2017 us-gaap Nonoperating Income Expense
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-239000000 USD
CY2017 us-gaap Number Of Reportable Segments
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1 segment
CY2015 us-gaap Operating Income Loss
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2058000000 USD
CY2016 us-gaap Operating Income Loss
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445000000 USD
CY2017 us-gaap Operating Income Loss
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1054000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due
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135000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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19000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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9000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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6000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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9000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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11000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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15000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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75000000 USD
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50000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
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43000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
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29000000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
3000000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
3000000 USD
CY2017 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
2000000 USD
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444000000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
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466000000 USD
CY2016Q3 us-gaap Other Assets Current
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216000000 USD
CY2017Q2 us-gaap Other Assets Current
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321000000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
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219000000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
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224000000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-5000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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2000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-25000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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-28000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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5000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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8000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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5000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-13000000 USD
CY2015 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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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-11000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
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164000000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
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122000000 USD
CY2015 us-gaap Other Noncash Income Expense
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9000000 USD
CY2016 us-gaap Other Noncash Income Expense
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-12000000 USD
CY2017 us-gaap Other Noncash Income Expense
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-20000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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113000000 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
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105000000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
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-10000000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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19000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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CY2016 us-gaap Payments For Repurchase Of Common Stock
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1090000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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460000000 USD
CY2015 us-gaap Payments For Restructuring
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27000000 USD
CY2016 us-gaap Payments For Restructuring
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131000000 USD
CY2017 us-gaap Payments For Restructuring
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198000000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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CY2015 us-gaap Payments For Repurchase Of Common Stock
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1087000000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
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664000000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
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727000000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
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561000000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
56000000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
27000000 USD
CY2015 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
0 USD
CY2016 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
0 USD
CY2017 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
37000000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5000000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
453000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
634000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
747000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
587000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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434000000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Value
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0 USD
CY2017Q2 us-gaap Preferred Stock Value
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0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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1196000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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1232000000 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
98000000 USD
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
79000000 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
86000000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
19000000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2016Q3 us-gaap Product Warranty Accrual Classified Current
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104000000 USD
CY2017Q2 us-gaap Product Warranty Accrual Classified Current
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113000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
4000000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2016Q3 us-gaap Product Warranty Accrual Noncurrent
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102000000 USD
CY2017Q2 us-gaap Product Warranty Accrual Noncurrent
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120000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
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9884000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
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9633000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
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2160000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
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1875000000 USD
CY2015 us-gaap Repayments Of Long Term Debt And Capital Securities
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1026000000 USD
CY2016 us-gaap Repayments Of Long Term Debt And Capital Securities
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22000000 USD
CY2017 us-gaap Repayments Of Long Term Debt And Capital Securities
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316000000 USD
CY2015 us-gaap Research And Development Expense
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1353000000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1237000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1232000000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4000000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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7000000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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7000000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4000000 USD
CY2017Q2 us-gaap Restructuring And Related Cost Expected Cost Remaining1
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21000000 USD
CY2017 us-gaap Restructuring And Related Cost Incurred Cost
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407000000 USD
CY2015 us-gaap Restructuring Charges
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32000000 USD
CY2016 us-gaap Restructuring Charges
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175000000 USD
CY2017 us-gaap Restructuring Charges
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178000000 USD
CY2014Q2 us-gaap Restructuring Reserve
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14000000 USD
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19000000 USD
CY2016Q3 us-gaap Restructuring Reserve
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63000000 USD
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43000000 USD
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2000000 USD
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0 USD
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11000000 USD
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CY2015 us-gaap Sales Revenue Net
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13739000000 USD
CY2016 us-gaap Sales Revenue Net
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11160000000 USD
CY2017 us-gaap Sales Revenue Net
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10771000000 USD
CY2015 us-gaap Selling General And Administrative Expense
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857000000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
635000000 USD
CY2017 us-gaap Selling General And Administrative Expense
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606000000 USD
CY2015 us-gaap Share Based Compensation
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137000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
120000000 USD
CY2017 us-gaap Share Based Compensation
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137000000 USD
CY2016 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
1000000 shares
CY2017 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
1000000 shares
CY2014Q2 us-gaap Standard Product Warranty Accrual
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273000000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
248000000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
206000000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
233000000 USD
CY2015 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
8000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
2000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
187000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
152000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
114000000 USD
CY2015 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
7000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-17000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
10000000 USD
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
147000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
125000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
131000000 USD
CY2017Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1300000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
19000000 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
24000000 shares
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
13000000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Value
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1087000000 USD
CY2016Q3 us-gaap Stockholders Equity
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1593000000 USD
CY2017Q2 us-gaap Stockholders Equity
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1364000000 USD
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CY2014Q2 us-gaap Unrecognized Tax Benefits
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120000000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
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89000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
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76000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
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74000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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8000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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7000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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45000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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4000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
26000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
8000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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9000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
11000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
27000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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13000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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76000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
74000000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
41000000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
55000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-18000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
331000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
302000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
299000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
324000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
299000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
296000000 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The Company's customer base for disk drive products is concentrated with a small number of OEMs&#160;and distributors. The Company does not generally require collateral or other security to support accounts receivable. To reduce credit risk, the Company performs ongoing credit evaluations on its customers' financial condition. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of customers, historical trends and other information. Dell&#160;Inc. accounted for more than</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's accounts receivable as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments and foreign currency forward exchange contracts. The Company further mitigates concentrations of credit risk in its investments through diversification, by limiting its investments in the debt securities of a single issuer, and investing in highly-rated securities. </font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In entering into foreign currency forward exchange contracts, the Company assumes the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. The counterparties to these contracts are major multinational commercial banks, and the Company has not incurred and does not expect any losses as a result of counterparty defaults. </font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Supplier Concentration.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">Certain of the raw materials, components and equipment used by the Company in the manufacture of its products are available from single-sourced vendors. Shortages could occur in these essential materials and components due to an interruption of supply or increased demand in the industry. If the Company were unable to procure certain materials, components or equipment at acceptable prices, it would be required to reduce its manufacturing operations, which could have a material adverse effect on its results of operations. In addition, the Company may make prepayments to certain suppliers or enter into minimum volume commitment agreements. Should these suppliers be unable to deliver on their obligations or experience financial difficulty, the Company may not be able to recover these prepayments. </font></div></div>
CY2017 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates and reports financial results on a fiscal year of</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;">weeks ending on the Friday closest to</font><font style="font-family:inherit;font-size:10pt;"> June&#160;30. </font><font style="font-family:inherit;font-size:10pt;">Accordingly, fiscal years </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> were comprised of </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks and ended on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">July&#160;1, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. Fiscal year </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> was comprised of </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;">&#160;weeks and ended on </font><font style="font-family:inherit;font-size:10pt;">July&#160;3, 2015</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;">All references to years in these Notes to Consolidated Financial Statements represent fiscal years unless otherwise noted. Fiscal year 2018 will be 52&#160;weeks and will end on </font><font style="font-family:inherit;font-size:10pt;">June 29, 2018. </font></div></div>

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