v3.26.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Loss
Net Investment from Western Digital Corporation
Beginning balance (shares) at Jun. 30, 2023   0          
Treasury stock, beginning balance (shares) at Jun. 30, 2023     0        
Beginning balance at Jun. 30, 2023 $ 11,439 $ 0 $ 0 $ 0 $ 0 $ (343) $ 11,782
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (672)           (672)
Foreign currency translation adjustment (43)         (43)  
Net unrealized gain (loss) on derivative contracts (66)         (66)  
Stock-based compensation 149           149
Net transfers from (to) Western Digital Corporation per Consolidated Statements of Shareholders’ Equity 275           275
Ending balance (shares) at Jun. 28, 2024   0          
Treasury stock, ending balance (shares) at Jun. 28, 2024     0        
Ending balance at Jun. 28, 2024 11,082 $ 0 $ 0 0 0 (452) 11,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (1,641)       (1,784)   143
Foreign currency translation adjustment 10         10  
Net unrealized gain (loss) on derivative contracts 203         203  
Stock-based compensation 182     67     115
Net transfers from (to) Western Digital Corporation per Consolidated Statements of Shareholders’ Equity (612)         (10) (602)
Issuance of common stock and reclassification of net transfers from Western Digital Corporation (in shares)   145          
Issuance of common stock and reclassification of net transfers from Western Digital Corporation 0 $ 1   11,189     (11,190)
Employee stock plans (in shares)   1          
Employee stock plans $ (8)     (8)      
Ending balance (shares) at Jun. 27, 2025 146 146          
Treasury stock, ending balance (shares) at Jun. 27, 2025     0        
Ending balance at Jun. 27, 2025 $ 9,216 $ 1 $ 0 11,248 (1,784) (249) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 11,433       11,433    
Foreign currency translation adjustment (54)         (54)  
Net unrealized gain (loss) on derivative contracts 47         47  
Stock-based compensation 232     232      
Employee stock plans (in shares)   3          
Employee stock plans $ (601)     (601)      
Repurchases of common stock (in shares) (3)            
Repurchases of common stock $ (4,537)            
Ending balance (shares) at Jul. 03, 2026 146 149          
Treasury stock, ending balance (shares) at Jul. 03, 2026     (3)        
Ending balance at Jul. 03, 2026 $ 15,736 $ 1 $ (4,537) $ 10,879 $ 9,649 $ (256) $ 0