2014 Q2 Form 10-Q Financial Statement

#000010604014000007 Filed on May 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q4
Revenue $3.651B $3.703B $3.972B
YoY Change -2.07% -1.62% 3.87%
Cost Of Revenue $2.580B $2.627B $2.816B
YoY Change -3.66% -2.81% 1.84%
Gross Profit $1.029B $1.076B $1.156B
YoY Change -2.0% 1.41% 9.16%
Gross Profit Margin 28.18% 29.06% 29.1%
Selling, General & Admin $198.0M $201.0M $226.0M
YoY Change 10.0% 8.65% 39.51%
% of Gross Profit 19.24% 18.68% 19.55%
Research & Development $413.0M $418.0M $416.0M
YoY Change 2.74% 5.56% 10.05%
% of Gross Profit 40.14% 38.85% 35.99%
Depreciation & Amortization $308.0M $307.0M $317.0M
YoY Change 1.99% -0.65% 2.59%
% of Gross Profit 29.93% 28.53% 27.42%
Operating Expenses $611.0M $657.0M $678.0M
YoY Change 4.98% 2.02% 16.7%
Operating Profit $352.0M $419.0M $478.0M
YoY Change -259.28% 0.48% 0.0%
Interest Expense -$5.000M -$13.00M -$11.00M
YoY Change -44.44% 18.18% 10.0%
% of Operating Profit -1.42% -3.1% -2.3%
Other Income/Expense, Net -$13.00M -$11.00M
YoY Change 18.18% 10.0%
Pretax Income $347.0M $406.0M $467.0M
YoY Change -250.87% 0.0% -0.21%
Income Tax $30.00M $31.00M $37.00M
% Of Pretax Income 8.65% 7.64% 7.92%
Net Earnings $317.0M $375.0M $430.0M
YoY Change -219.62% -4.09% 28.36%
Net Earnings / Revenue 8.68% 10.13% 10.83%
Basic Earnings Per Share $1.35 $1.60 $1.82
Diluted Earnings Per Share $1.32 $1.55 $1.77
COMMON SHARES
Basic Shares Outstanding 235.1M shares 235.0M shares 236.0M shares
Diluted Shares Outstanding 242.0M shares 243.0M shares

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.088B $4.865B $4.655B
YoY Change 18.08% 19.83% 21.99%
Cash & Equivalents $4.804B $4.569B $4.655B
Short-Term Investments $284.0M $296.0M
Other Short-Term Assets $417.0M $362.0M $381.0M
YoY Change 35.39% -5.48% -9.93%
Inventory $1.226B $1.277B $1.293B
Prepaid Expenses
Receivables $1.989B $1.802B $1.959B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.720B $8.306B $8.288B
YoY Change 14.77% 13.16% 15.51%
LONG-TERM ASSETS
Property, Plant & Equipment $3.293B $3.406B $3.509B
YoY Change -11.0% -10.44% -10.89%
Goodwill $2.559B $2.558B $2.555B
YoY Change 30.96% 30.91% 33.98%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $473.0M $523.0M $323.0M
YoY Change 164.25% 200.57% 61.5%
Total Long-Term Assets $6.779B $7.026B $6.994B
YoY Change 5.3% 6.66% 3.55%
TOTAL ASSETS
Total Short-Term Assets $8.720B $8.306B $8.288B
Total Long-Term Assets $6.779B $7.026B $6.994B
Total Assets $15.50B $15.33B $15.28B
YoY Change 10.42% 10.09% 9.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.971B $1.902B $2.106B
YoY Change -0.95% -6.63% -3.62%
Accrued Expenses $412.0M $455.0M $479.0M
YoY Change -14.17% -45.64% -33.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $500.0M $500.0M
YoY Change
Long-Term Debt Due $125.0M $125.0M $230.0M
YoY Change -45.65% -45.65% -20.14%
Total Short-Term Liabilities $3.845B $3.747B $4.620B
YoY Change -3.22% 16.15% 38.91%
LONG-TERM LIABILITIES
Long-Term Debt $2.313B $2.344B $1.610B
YoY Change 34.09% 31.46% -12.5%
Other Long-Term Liabilities $499.0M $473.0M $473.0M
YoY Change 12.13% -4.44% -8.33%
Total Long-Term Liabilities $2.812B $2.817B $2.083B
YoY Change 29.59% 23.66% -11.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.845B $3.747B $4.620B
Total Long-Term Liabilities $2.812B $2.817B $2.083B
Total Liabilities $6.657B $6.564B $6.703B
YoY Change 8.37% 19.26% 17.97%
SHAREHOLDERS EQUITY
Retained Earnings $8.066B $7.845B $7.541B
YoY Change 19.51% 10.91% 11.82%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.570B $1.390B $1.178B
YoY Change 55.14% 53.59% 60.93%
Treasury Stock Shares 27.00M shares 26.00M shares 24.00M shares
Shareholders Equity $8.842B $8.768B $8.579B
YoY Change
Total Liabilities & Shareholders Equity $15.50B $15.33B $15.28B
YoY Change 10.42% 10.09% 9.71%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q4
OPERATING ACTIVITIES
Net Income $317.0M $375.0M $430.0M
YoY Change -219.62% -4.09% 28.36%
Depreciation, Depletion And Amortization $308.0M $307.0M $317.0M
YoY Change 1.99% -0.65% 2.59%
Cash From Operating Activities $712.0M $698.0M $726.0M
YoY Change 4.09% -3.99% -5.96%
INVESTING ACTIVITIES
Capital Expenditures -$161.0M -$161.0M -$170.0M
YoY Change 18.38% -14.36% -30.89%
Acquisitions
YoY Change
Other Investing Activities -$19.00M -$470.0M -$595.0M
YoY Change -2058.33% 1703.03%
Cash From Investing Activities -$180.0M -$631.0M -$765.0M
YoY Change 32.35% 284.76% 174.19%
FINANCING ACTIVITIES
Cash Dividend Paid $71.00M $71.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -297.0M -153.0M -175.0M
YoY Change -0.67% -52.04% -18.22%
NET CHANGE
Cash From Operating Activities 712.0M 698.0M 726.0M
Cash From Investing Activities -180.0M -631.0M -765.0M
Cash From Financing Activities -297.0M -153.0M -175.0M
Net Change In Cash 235.0M -86.00M -214.0M
YoY Change -5.62% -135.25% -176.7%
FREE CASH FLOW
Cash From Operating Activities $712.0M $698.0M $726.0M
Capital Expenditures -$161.0M -$161.0M -$170.0M
Free Cash Flow $873.0M $859.0M $896.0M
YoY Change 6.46% -6.12% -11.98%

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CY2014Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
6564000000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
6143000000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15332000000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14036000000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3747000000 USD
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3973000000 USD
CY2014Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
125000000 USD
CY2013Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
230000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1700000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
250000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
219000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
156000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
125000000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
31000000 USD
CY2013Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1725000000 USD
CY2014Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2344000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-88000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-749000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1756000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-834000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2435000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2104000000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
391000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1300000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1245000000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
375000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-34000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-35000000 USD
CY2014Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13000000 USD
CY2013Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11000000 USD
us-gaap Operating Expenses
OperatingExpenses
1850000000 USD
us-gaap Operating Expenses
OperatingExpenses
1826000000 USD
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
641000000 USD
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
644000000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
417000000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
419000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1439000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1487000000 USD
CY2013Q2 us-gaap Other Assets Current
OtherAssetsCurrent
308000000 USD
CY2014Q1 us-gaap Other Assets Current
OtherAssetsCurrent
362000000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179000000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
523000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-4000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
71000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
29000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
45000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
31000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
45000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
32000000 USD
CY2014Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
539000000 USD
CY2013Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
605000000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
473000000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
445000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
21000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
17000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
544000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
607000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
189000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
121000000 USD
CY2013Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
59000000 USD
CY2013Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
71000000 USD
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
71000000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
470000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
823000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
816000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
467000000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
2992000000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
123000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
125000000 USD
CY2014Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
62000000 USD
CY2013Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
73000000 USD
CY2013Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7616000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7991000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3406000000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3700000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
36000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2486000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
173000000 USD
CY2013Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
396000000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1170000000 USD
CY2014Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
426000000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1248000000 USD
CY2013Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
15000000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
40000000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
56000000 USD
CY2014Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
17000000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7845000000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6749000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11479000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11623000000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3703000000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3764000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
526000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
563000000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
202000000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
185000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
125000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
107000000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
-100000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
100000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1300000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4200000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4000000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3600000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3900000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-200000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-900000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-100000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0134
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0241
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0199
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0157
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.0050
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.0053
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.0048
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.0051
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.0041
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.0027
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.0041
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.0027
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0124
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0244
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0231
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0124
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0014
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0013
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0010
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0049
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0046
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0043
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0039
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5200000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
28.48
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
41000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
120000000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
60000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
164000000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
76.28
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
60.21
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
29.93
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1600000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.06
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.67
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.31
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.78
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
623000000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11400000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12500000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13100000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11900000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
36.77
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.47
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.32
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.99
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
616000000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
11200000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
35.11
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M
CY2014Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
500000000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
190000000 USD
CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
211000000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
173000000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
192000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company management has made estimates and assumptions relating to the reporting of certain assets and liabilities in conformity with U.S. GAAP. These estimates and assumptions have been applied using methodologies that are consistent throughout the periods presented. However, actual results could differ materially from these estimates.</font></div></div>
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60000000 USD
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0 USD
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0 USD
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0 USD
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0 USD
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1200000000.0 USD
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1400000000.0 USD
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3300000000.0 USD
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3700000000.0 USD
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3900000000.0 USD
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2500000000.0 USD
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0 USD
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93000000 USD
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39000000 USD
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17000000 USD
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500000000 USD
wdc Maturity Of Auction Rate Securities
MaturityOfAuctionRateSecurities
dates through 2050
wdc Non Cash Portion Of Employee Termination Benefits And Other Charges
NonCashPortionOfEmployeeTerminationBenefitsAndOtherCharges
0 USD
wdc Non Cash Portion Of Employee Termination Benefits And Other Charges
NonCashPortionOfEmployeeTerminationBenefitsAndOtherCharges
16000000 USD
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OptionsOutstandingToPurchaseSharesWithExercisePriceBelowCompanyStockPrice
11200000 shares
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623000000 USD
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P5Y
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledorExpiredInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledorExpiredInPeriod
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P4Y7M
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P5Y
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1400000000 USD
CY2013 wdc Severance And Other Charges
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138000000 USD
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63000000 USD
CY2013Q3 wdc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Assumed In Period
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200000 shares
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3700000 shares
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CY2013Q1 wdc Share Based Compensation Fair Value Assumptions Suboptimal Exercise Factor
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329000000 USD
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CY2013Q3 wdc Share Based Compensation Options Exercises In Period Weighted Average Exercise Price
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25.34
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28.15
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7.77
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900000 shares
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3000000000 USD
CY2014Q1 wdc Sublimit For Letters Of Credit Under Revolving Credit Facility
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100000000 USD
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50000000 USD
wdc Tax Benefit Resulting From Retroactive Extension Of Research And Development Credit
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34000000 USD
wdc Taxes Paid On Vested Stock Awards Under Employee Stock Plans
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27000000 USD
wdc Taxes Paid On Vested Stock Awards Under Employee Stock Plans
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10000000 USD
CY2014Q1 wdc Unsecured Loan Under Credit Facility
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4000000000 USD
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2800000000.0 USD
CY2014Q1 wdc Unvested Employee Service Share Based Compensation Stock Option Awards And Employee Stock Purchase Plan Rights Issued But Not Yet Recognized
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137000000 USD
wdc Unvested Employee Service Share Based Compensation Stock Option Awards And Employee Stock Purchase Plan Rights Issued But Not Yet Recognized Period For Recognition
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P2Y3M
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-03-28
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000106040
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
235068588 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WESTERN DIGITAL CORP
dei Trading Symbol
TradingSymbol
WDC

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