v3.26.1
Supplemental Financial Statement Data (Tables)
 12 Months Ended
Jul. 03, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Carrying Amount of Goodwill
The following table provides a summary of goodwill activity for the periods presented:
Balance at (in millions)
Balance at June 28, 2024$7,207 
Divestiture (1)
(382)
Impairment charges(1,830)
Foreign currency translation adjustment4 
Balance at June 27, 20254,999 
Foreign currency translation adjustment(5)
Balance at July 3, 2026$4,994 
(1) On September 28, 2024, the Company sold its majority interest in a subsidiary. See Note 10, Related Parties and Related Commitments and Contingencies for additional disclosures.
Schedule of Inventories
Inventories
20262025
(in millions)
Inventories:
Raw materials and component parts$1,938 $1,517 
Work-in-process313 262 
Finished goods447 300 
Total inventories$2,698 $2,079 
Schedule of Property, Plant and Equipment, Net
The Company’s long-lived assets, including property, plant and equipment by geographic area, are as follows:
20262025
(in millions)
Long-lived assets
United States$100 $93 
China14 14 
Malaysia445 398 
Rest of Asia73 67 
Europe, Middle East and Africa42 47 
Total long-lived assets$674 $619 
Property, plant and equipment, net
20262025
(in millions)
Property, plant and equipment:
Land$9 $10 
Machinery and equipment1,564 1,480 
Buildings and improvements397 390 
Computer equipment and software176 176 
Furniture and fixtures18 18 
Construction-in-process46 51 
Property, plant and equipment, gross2,210 2,125 
Accumulated depreciation(1,536)(1,506)
Property, plant and equipment, net$674 $619 
Schedule of Product Warranty Liability
Product warranty liability
Changes in the warranty accrual were as follows:
20262025
(in millions)
Warranty accrual, beginning of period$44 $48 
Charges to operations62 27 
Utilization(30)(35)
Changes in estimate related to pre-existing warranties(28)4 
Warranty accrual, end of period$48 $44 
The current portion of the warranty accrual was classified in Accrued expenses and the long-term portion was classified in Other liabilities as noted below:
20262025
(in millions)
Warranty accrual:
Current portion$23 $22 
Long-term portion25 22 
Total warranty accrual$48 $44 
Schedule of Other Liabilities
Other liabilities
20262025
(in millions)
Other liabilities:
Non-current lease liability$177 $193 
Tax indemnification liability128 110 
Other non-current liabilities73 62 
Total other liabilities$378 $365 
Schedule of Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss (“AOCL”), net of tax, refers to expenses, gains, and losses that are recorded as an element of equity but are excluded from net income. The components of AOCL were as follows:
Foreign Currency Translation AdjustmentUnrealized Losses on Derivative ContractsTotal Accumulated Comprehensive Loss
(in millions)
Balance at June 28, 2024$(208)$(244)$(452)
Other comprehensive income10 222 232 
Income tax expense related to items of other comprehensive income— (19)(19)
Net current-period other comprehensive income10 203 213 
Net transfer to Western Digital Corporation(4)(6)(10)
Balance at June 27, 2025$(202)$(47)$(249)
Other comprehensive income(54)61 7 
Income tax expense related to items of other comprehensive income— (14)(14)
Net current-period other comprehensive income(54)47 (7)
Balance at July 3, 2026$(256)$— $(256)