2024 Q3 Form 10-K Financial Statement

#000010604024000031 Filed on August 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $4.095B $3.764B $13.00B
YoY Change 48.91% 40.87% 5.56%
Cost Of Revenue $2.544B $2.411B $10.06B
YoY Change -4.04% -6.55% -3.58%
Gross Profit $1.551B $1.353B $2.945B
YoY Change 1466.67% 1370.65% 56.07%
Gross Profit Margin 37.88% 35.95% 22.65%
Selling, General & Admin $242.0M $220.0M $828.0M
YoY Change 16.91% -4.76% -14.64%
% of Gross Profit 15.6% 16.26% 28.12%
Research & Development $519.0M $538.0M $1.907B
YoY Change 20.42% 17.47% -5.08%
% of Gross Profit 33.46% 39.76% 64.75%
Depreciation & Amortization $135.0M $138.0M $568.0M
YoY Change -8.16% -25.41% -31.4%
% of Gross Profit 8.7% 10.2% 19.29%
Operating Expenses $761.0M $758.0M $2.735B
YoY Change 9.5% 10.01% -8.19%
Operating Profit $790.0M $595.0M $210.0M
YoY Change -232.55% -199.66% -119.23%
Interest Expense -$114.0M -$94.00M -$378.0M
YoY Change -216.33% 17.5% 37.45%
% of Operating Profit -14.43% -15.8% -180.0%
Other Income/Expense, Net -$114.0M -$20.00M $34.00M
YoY Change 32.56% -112.36%
Pretax Income $628.0M $393.0M -$370.0M
YoY Change -192.08% -153.84% -76.28%
Income Tax $135.0M $63.00M $137.0M
% Of Pretax Income 21.5% 16.03%
Net Earnings $481.0M $307.0M -$561.0M
YoY Change -170.22% -142.05% -67.57%
Net Earnings / Revenue 11.75% 8.16% -4.31%
Basic Earnings Per Share $1.40 -$2.61
Diluted Earnings Per Share $1.35 $0.88 -$1.72
COMMON SHARES
Basic Shares Outstanding 343.5M shares 326.5M shares 326.0M shares
Diluted Shares Outstanding 357.0M shares 326.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.705B $1.879B $1.879B
YoY Change -16.09% -7.12% -7.12%
Cash & Equivalents $1.705B $1.879B $1.879B
Short-Term Investments
Other Short-Term Assets $1.395B $673.0M $673.0M
YoY Change 133.67% 18.69% 18.69%
Inventory $3.384B $3.342B $3.342B
Prepaid Expenses
Receivables $2.458B $2.166B $2.166B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.942B $8.060B $8.060B
YoY Change 18.02% 2.21% 2.21%
LONG-TERM ASSETS
Property, Plant & Equipment $2.917B $3.167B $3.167B
YoY Change -13.47% -12.51% -12.51%
Goodwill $9.812B $10.03B
YoY Change -2.22% -0.05%
Intangibles $77.00M $78.00M
YoY Change -3.75% -2.5%
Long-Term Investments
YoY Change
Other Assets $1.972B $1.767B $1.767B
YoY Change 16.48% 17.1% 17.1%
Total Long-Term Assets $15.83B $16.04B $16.04B
YoY Change -3.62% -3.07% -3.07%
TOTAL ASSETS
Total Short-Term Assets $8.942B $8.060B $8.060B
Total Long-Term Assets $15.83B $16.04B $16.04B
Total Assets $24.77B $24.10B $24.10B
YoY Change 3.21% -1.37% -1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.930B $1.724B $1.724B
YoY Change 22.85% 8.77% 8.77%
Accrued Expenses $1.853B $1.704B $1.704B
YoY Change 37.56% 4.09% 4.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.750B $1.750B $1.750B
YoY Change -5.41% 44.27% 44.27%
Total Short-Term Liabilities $6.091B $5.703B $5.703B
YoY Change 5.16% 4.95% 4.95%
LONG-TERM LIABILITIES
Long-Term Debt $5.650B $5.684B $5.684B
YoY Change -2.95% -2.95% -2.95%
Other Long-Term Liabilities $1.158B $1.370B $1.370B
YoY Change -17.17% -3.18% -3.18%
Total Long-Term Liabilities $6.808B $7.054B $7.054B
YoY Change -5.71% -3.0% -3.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.091B $5.703B $5.703B
Total Long-Term Liabilities $6.808B $7.054B $7.054B
Total Liabilities $12.90B $12.76B $12.76B
YoY Change -0.87% 0.4% 0.4%
SHAREHOLDERS EQUITY
Retained Earnings $7.268B $6.775B
YoY Change 7.85% -8.74%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.87B $11.34B $11.34B
YoY Change
Total Liabilities & Shareholders Equity $24.77B $24.10B $24.10B
YoY Change 3.21% -1.37% -1.37%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $481.0M $307.0M -$561.0M
YoY Change -170.22% -142.05% -67.57%
Depreciation, Depletion And Amortization $135.0M $138.0M $568.0M
YoY Change -8.16% -25.41% -31.4%
Cash From Operating Activities -$37.00M $366.0M -$294.0M
YoY Change -94.09% -638.24% -27.94%
INVESTING ACTIVITIES
Capital Expenditures $95.00M -$79.00M $292.0M
YoY Change -23.39% -175.24% -63.82%
Acquisitions
YoY Change
Other Investing Activities $50.00M -$137.0M $265.0M
YoY Change -2600.0% 270.27% 488.89%
Cash From Investing Activities -$45.00M -$58.00M -$27.00M
YoY Change -153.57% -59.15% -96.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$13.00M
YoY Change -101.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -102.0M -319.0M 187.0M
YoY Change -118.41% -1778.95% -78.63%
NET CHANGE
Cash From Operating Activities -37.00M 366.0M -294.0M
Cash From Investing Activities -45.00M -58.00M -27.00M
Cash From Financing Activities -102.0M -319.0M 187.0M
Net Change In Cash -184.0M -11.00M -134.0M
YoY Change -2144.44% -94.24% -54.58%
FREE CASH FLOW
Cash From Operating Activities -$37.00M $366.0M -$294.0M
Capital Expenditures $95.00M -$79.00M $292.0M
Free Cash Flow -$132.0M $445.0M -$586.0M
YoY Change -82.4% -357.23% -51.77%

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<div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fiscal Year</span></div>The Company’s fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, the Company reports a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal years 2024, 2023, and 2022, which ended on June 28, 2024, June 30, 2023 and July 1, 2022, respectively, are comprised of 52 weeks, with all quarters presented consisting of 13 weeks. Unless otherwise indicated, references herein to specific years and quarters are to fiscal years and fiscal quarters, and references to financial information are on a consolidated basis.
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-indent:9pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 wdc Product Warranty Term
ProductWarrantyTerm
P5Y
CY2024 us-gaap Advertising Expense
AdvertisingExpense
56000000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
69000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
88000000 usd
CY2024Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
3860000000 usd
CY2023Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
5660000000 usd
CY2024 us-gaap Gross Profit
GrossProfit
2945000000 usd
CY2023 us-gaap Gross Profit
GrossProfit
1887000000 usd
CY2022 us-gaap Gross Profit
GrossProfit
5874000000 usd
CY2024 wdc Gross Margin Percentage
GrossMarginPercentage
0.226
CY2023 wdc Gross Margin Percentage
GrossMarginPercentage
0.153
CY2022 wdc Gross Margin Percentage
GrossMarginPercentage
0.313
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13003000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12318000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18793000000 usd
CY2024Q2 us-gaap Noncurrent Assets
NoncurrentAssets
3167000000 usd
CY2023Q2 us-gaap Noncurrent Assets
NoncurrentAssets
3620000000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2170000000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1600000000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
10037000000 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
5000000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
10032000000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
623000000 usd
CY2023 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
776000000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
400000000 usd
CY2024Q2 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
0 usd
CY2023Q2 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
150000000 usd
CY2024Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
1727000000 usd
CY2023Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
2096000000 usd
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1066000000 usd
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
979000000 usd
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
549000000 usd
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
623000000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
3342000000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
3698000000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12023000000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12250000000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8856000000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8630000000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3167000000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3620000000 usd
CY2024 us-gaap Depreciation
Depreciation
566000000 usd
CY2023 us-gaap Depreciation
Depreciation
695000000 usd
CY2022 us-gaap Depreciation
Depreciation
708000000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
133000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
221000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
244000000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
345000000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
363000000 usd
CY2024 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
107000000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
106000000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
146000000 usd
CY2024 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
154000000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
169000000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
103000000 usd
CY2024 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-8000000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-38000000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-61000000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
189000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
244000000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
345000000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
36000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
97000000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
153000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
147000000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
189000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
244000000 usd
CY2024Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
201000000 usd
CY2023Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
464000000 usd
CY2024Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
565000000 usd
CY2023Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
408000000 usd
CY2024Q2 wdc Other Miscellaneous Liabilities Noncurrent
OtherMiscellaneousLiabilitiesNoncurrent
604000000 usd
CY2023Q2 wdc Other Miscellaneous Liabilities Noncurrent
OtherMiscellaneousLiabilitiesNoncurrent
543000000 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1370000000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1415000000 usd
CY2023 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-289000000 usd
CY2023 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-351000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
31000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 usd
CY2024 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-423000000 usd
CY2024 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-244000000 usd
CY2024 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-15000000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-164000000 usd
CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-244000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-361000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
10000000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7488000000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7100000000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
54000000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
30000000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
7434000000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
7070000000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1750000000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1213000000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5684000000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5857000000 usd
CY2024 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
155000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
37000000 usd
CY2024Q2 wdc Debt Instrument Covenant Minimum Liquidity Amount
DebtInstrumentCovenantMinimumLiquidityAmount
2000000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1750000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2450000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2288000000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
500000000 usd
CY2024Q2 wdc Long Term Debt Maturity Repayments Of Principal In Year Five And Thereafter
LongTermDebtMaturityRepaymentsOfPrincipalInYearFiveAndThereafter
500000000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7488000000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
54000000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
7434000000 usd
CY2024 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.025
CY2024Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
1000000 usd
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
1000000 usd
CY2024Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
59000000 usd
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
87000000 usd
CY2024Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
60000000 usd
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
88000000 usd
CY2024 wdc Number Of Legal Entities
NumberOfLegalEntities
3 entity
CY2024Q2 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
158000000 usd
CY2023Q2 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
219000000 usd
CY2024Q2 wdc Investment Funding Commitments
InvestmentFundingCommitments
0.50
CY2024Q2 wdc Manufacturing Capacity Percent Operating
ManufacturingCapacityPercentOperating
1
CY2024 wdc Costs Associated With Underutilized Capacity As A Result Of A Temporary Abnormal Reduction In Production
CostsAssociatedWithUnderutilizedCapacityAsAResultOfATemporaryAbnormalReductionInProduction
249000000 usd
CY2023 wdc Costs Associated With Underutilized Capacity As A Result Of A Temporary Abnormal Reduction In Production
CostsAssociatedWithUnderutilizedCapacityAsAResultOfATemporaryAbnormalReductionInProduction
286000000 usd
CY2022 wdc Costs Associated With Underutilized Capacity As A Result Of Unexpected Power Outage Incident
CostsAssociatedWithUnderutilizedCapacityAsAResultOfUnexpectedPowerOutageIncident
207000000 usd
CY2024 us-gaap Insurance Recoveries
InsuranceRecoveries
36000000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
326000000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
260000000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
42000000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
40000000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
307000000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
244000000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
349000000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
284000000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
64000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
57000000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
58000000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
69000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
51000000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
51000000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
178000000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17000000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
137000000 usd
CY2024 wdc Decrease In Operating Lease Liabilities And Right Of Use Assets Due To Lease Remeasurement
DecreaseInOperatingLeaseLiabilitiesAndRightOfUseAssetsDueToLeaseRemeasurement
71000000 usd
CY2023 wdc Decrease In Operating Lease Liabilities And Right Of Use Assets Due To Lease Remeasurement
DecreaseInOperatingLeaseLiabilitiesAndRightOfUseAssetsDueToLeaseRemeasurement
0 usd
CY2022 wdc Decrease In Operating Lease Liabilities And Right Of Use Assets Due To Lease Remeasurement
DecreaseInOperatingLeaseLiabilitiesAndRightOfUseAssetsDueToLeaseRemeasurement
0 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
60000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
57000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
50000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
36000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
254000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
499000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
150000000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
349000000 usd
CY2024 wdc Sale Leaseback Transaction Net Cash Proceeds
SaleLeasebackTransactionNetCashProceeds
191000000 usd
CY2024 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
85000000 usd
CY2024 wdc Sale Leaseback Transaction Annual Lease Rate
SaleLeasebackTransactionAnnualLeaseRate
16000000 usd
CY2024 wdc Sale Leaseback Transaction Increase Percentage
SaleLeasebackTransactionIncreasePercentage
0.03
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
172000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
96000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
59000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
20000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
20000000 usd
CY2024Q2 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
110000000 usd
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
477000000 usd
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13000000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
22000000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
36000000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
295000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
318000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
326000000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
295000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
318000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
326000000 usd
CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
41000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
43000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
48000000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
254000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
275000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
278000000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
465000000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1500000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
72.84
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
43.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
400000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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