Seagate Technology (STX) 10-K 6 Aug 21 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Aug. 02, 2021	Jan. 01, 2021
Document And Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jul. 2, 2021
Document Transition Report	false
Entity File Number	001-31560
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-1597419
Entity Address, Address Line One	38/39 Fitzwilliam Square
Entity Address, City or Town	Dublin 2
Entity Address, Country	IE
Entity Address, Postal Zip Code	D02 NX53
City Area Code	353) (1)
Local Phone Number	234-3136
Title of 12(b) Security	Ordinary Shares, par value $0.00001 per share
Trading Symbol	STX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 14,800
Entity Common Stock, Shares Outstanding		227,603,061
Entity Central Index Key	0001137789
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--07-02
Entity Registrant Name	Seagate Technology Holdings plc

Legal, Environmental and Other

Legal, Environmental and Other Contingencies	12 Months Ended
	Jul. 02, 2021
Legal, Environmental and Other Contingencies Disclosure [Abstract]
Legal, Environmental and Other Contingencies	Legal, Environmental and Other Contingencies The Company assesses the probability of an unfavorable outcome of all its material litigation, claims or assessments to determine whether a liability had been incurred and whether it is probable that one or more future events will occur confirming the fact of the loss. In the event that an unfavorable outcome is determined to be probable and the amount of the loss can be reasonably estimated, the Company establishes an accrual for the litigation, claim or assessment. In addition, in the event an unfavorable outcome is determined to be less than probable, but reasonably possible, the Company will disclose an estimate of the possible loss or range of such loss; however, when a reasonable estimate cannot be made, the Company will provide disclosure to that effect. Litigation is inherently uncertain and may result in adverse rulings or decisions. Additionally, the Company may enter into settlements or be subject to judgments that may, individually or in the aggregate, have a material adverse effect on its results of operations. Accordingly, actual results could differ materially. Litigation Convolve, Inc. (“Convolve”) and Massachusetts Institute of Technology (“MIT”) v. Seagate Technology LLC, et al. On July 13, 2000, Convolve and MIT filed suit against Compaq Computer Corporation and Seagate Technology LLC in the U.S. District Court for the Southern District of New York, alleging infringement of U.S. Patent No. 4,916,635 (the “‘635 patent”) and U.S. Patent No. 5,638,267 (the “‘267 patent”), misappropriation of trade secrets, breach of contract and other claims. On January 16, 2002, Convolve filed an amended complaint, alleging defendants were infringing U.S. Patent No. 6,314,473 (the “‘473 patent”). The district court ruled in 2010 that the ‘267 patent was out of the case. On August 16, 2011, the district court granted in part and denied in part the Company’s motion for summary judgment. On July 1, 2013, the U.S. Court of Appeals for the Federal Circuit: 1) affirmed the district court’s summary judgment rulings that the Company did not misappropriate any of the alleged trade secrets and that the asserted claims of the ‘635 patent are invalid; 2) reversed and vacated the district court’s summary judgment of non-infringement with respect to the ‘473 patent; and 3) remanded the case for further proceedings on the ‘473 patent. On July 11, 2014, the district court granted the Company’s further summary judgment motion regarding the ‘473 patent. On February 10, 2016, the U.S. Court of Appeals for the Federal Circuit: 1) affirmed the district court’s summary judgment of no direct infringement by the Company because the Company’s ATA/SCSI disk drives do not meet the “user interface” limitation of the asserted claims of the ‘473 patent; 2) affirmed the district court’s summary judgment of non-infringement by Compaq’s products as to claims 1, 3, and 5 of the ‘473 patent because Compaq’s F10 BIOS interface does not meet the “commands” limitation of those claims; 3) vacated the district court’s summary judgment of non-infringement by Compaq’s accused products as to claims 7-15 of the ‘473 patent; 4) reversed the district court’s summary judgment of non-infringement based on intervening rights; and 5) remanded the case to the district court for further proceedings on the ‘473 patent. In view of the rulings made by the district court and the Court of Appeals and the uncertainty regarding the amount of damages, if any, that could be awarded Convolve in this matter, the Company does not believe that it is currently possible to determine a reasonable estimate of the possible range of loss related to this matter. Lambeth Magnetic Structures LLC v. Seagate Technology (US) Holdings, Inc., et al. On April 29, 2016, Lambeth Magnetic Structures LLC filed a complaint against Seagate Technology (US) Holdings, Inc. and Seagate Technology LLC in the U.S. District Court for the Western District of Pennsylvania, alleging infringement of U.S. Patent No. 7,128,988, “Magnetic Material Structures, Devices and Methods.” The Company believes the claims asserted in the complaint are without merit and intends to vigorously defend this case. The court issued its claim construction ruling on October 18, 2017. The trial is scheduled to begin on February 7, 2022. While the possible range of loss for this matter remains uncertain, the Company estimates the amount of loss to be immaterial to the financial statements. Seagate Technology LLC, et al. v. NHK Spring Co. Ltd. and TDK Corporation, et al. On February 18, 2020, Seagate Technology LLC, Seagate Technology (Thailand) Ltd., Seagate Singapore International Headquarters Pte. Ltd., and Seagate Technology International filed a complaint in the United States District Court for the Northern District of California against defendant suppliers of HDD suspension assemblies. Defendants include NHK Spring Co. Ltd., TDK Corporation, Hutchinson Technology Inc., and several of their subsidiaries and affiliates. The complaint includes federal and state antitrust law claims, as well as a breach of contract claim. The complaint alleges that defendants and their co-conspirators knowingly conspired for more than twelve years not to compete in the supply of suspension assemblies; that defendants misused confidential information that the Company had provided pursuant to nondisclosure agreements, in breach of their contractual obligations; and that the Company paid artificially high prices on its purchases of suspension assemblies. The Company seeks to recover the overcharges it paid for suspension assemblies, as well as additional relief permitted by law. Nidec Corporation v. Seagate Technology LLC, et al. On January 18, 2021, Nidec Corporation filed a complaint against Seagate Technology LLC, Seagate Singapore International Headquarters Pte. Ltd., and Seagate Technology (Netherlands) B.V. in the United States District Court for the District of Delaware, alleging infringement of the following patents: U.S. Patent No. 8,737,017, titled “Spindle Motor and Disk Drive Apparatus,” U.S. Patent No. 9,742,239, titled “Spindle Motor and Disk Drive Apparatus,” U.S. Patent No. 9,935,528, titled “Spindle Motor and Disk Drive Apparatus,” U.S. Patent No. 10,407,775, titled “Base Plate, Hard Disk Drive, and Method of Manufacturing Base Plate,” and U.S. Patent No. 10,460,767, titled “Base Member Including Information Mark and Insulating Coating Layer, and Disk Drive Apparatus Including the Same.” The complaint seeks unspecified compensatory damages and other relief. The Company believes the claims asserted in the complaint are without merit and intends to vigorously defend this case. The Company does not believe that it is currently possible to determine a reasonable estimate of the possible range of loss related to this matter. Environmental Matters The Company’s operations are subject to U.S. and foreign laws and regulations relating to the protection of the environment, including those governing discharges of pollutants into the air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites. Some of the Company’s operations require environmental permits and controls to prevent and reduce air and water pollution, and these permits are subject to modification, renewal and revocation by issuing authorities. The Company has established environmental management systems and continually updates its environmental policies and standard operating procedures for its operations worldwide. The Company believes that its operations are in material compliance with applicable environmental laws, regulations and permits. The Company budgets for operating and capital costs on an ongoing basis to comply with environmental laws. If additional or more stringent requirements are imposed on the Company in the future, it could incur additional operating costs and capital expenditures. Some environmental laws, such as the Comprehensive Environmental Response Compensation and Liability Act of 1980 (as amended, the “Superfund” law) and its state equivalents, can impose liability for the cost of cleanup of contaminated sites upon any of the current or former site owners or operators or upon parties who sent waste to these sites, regardless of whether the owner or operator owned the site at the time of the release of hazardous substances or the lawfulness of the original disposal activity. The Company has been identified as a responsible or potentially responsible party at several sites. At each of these sites, the Company has an assigned portion of the financial liability based on the type and amount of hazardous substances disposed of by each party at the site and the number of financially viable parties. The Company has fulfilled its responsibilities at some of these sites and remains involved in only a few at this time. While the Company’s ultimate costs in connection with these sites is difficult to predict with complete accuracy, based on its current estimates of cleanup costs and its expected allocation of these costs, the Company does not expect costs in connection with these sites to be material. The Company may be subject to various state, federal and international laws and regulations governing the environment, including those restricting the presence of certain substances in electronic products. For example, the European Union (“EU”) enacted the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (2011/65/EU), which prohibits the use of certain substances, including lead, in certain products, including disk drives and server storage products, put on the market after July 1, 2006. Similar legislation has been or may be enacted in other jurisdictions, including in the U.S., Canada, Mexico, Taiwan, China, Japan and others. The EU REACH Directive (Registration, Evaluation, Authorization, and Restriction of Chemicals, EC 1907/2006) also restricts substances of very high concern in products. If the Company or its suppliers fails to comply with the substance restrictions, recycle requirements or other environmental requirements as they are enacted worldwide, it could have a materially adverse effect on the Company’s business. Other Matters

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Current assets:
Cash and cash equivalents	$ 1,209	$ 1,722
Accounts receivable, net	1,158	1,115
Inventories	1,204	1,142
Other current assets	208	135
Total current assets	3,779	4,114
Property, equipment and leasehold improvements, net	2,181	2,129
Goodwill	1,237	1,237
Other intangible assets, net	29	58
Deferred income taxes	1,117	1,120
Other assets, net	332	272
Total Assets	8,675	8,930
Current liabilities:
Accounts payable	1,725	1,808
Accrued employee compensation	282	224
Accrued warranty	61	69
Accrued expenses	608	602
Total current liabilities	2,921	2,722
Long-term accrued warranty	75	82
Other non-current liabilities	154	183
Long-term debt, less current portion	4,894	4,156
Total Liabilities	8,044	7,143
Seagate Technology plc shareholders' equity:
Preferred shares, $0.00001 par value per share—100,000,000 authorized; no shares issued or outstanding	0	0
Ordinary shares, $0.00001 par value per share—1,250,000,000 authorized; 227,382,980 issued and outstanding at July 2, 2021 and 256,718,840 issued and outstanding at July 3, 2020	0	0
Additional paid-in capital	6,977	6,757
Accumulated other comprehensive loss	(41)	(66)
Accumulated deficit	(6,305)	(4,904)
Total Shareholders’ Equity	631	1,787
Total Liabilities and Shareholders’ Equity	8,675	8,930
Long-term Debt, Current Maturities	$ 245	$ 19

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 02, 2021	Jul. 03, 2020
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred shares, authorized (in shares)	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred stock, shares outstanding (in shares)	0	0
Ordinary shares, par value (in dollars per share)	$ 0.00001	$ 0.00001
Ordinary shares, authorized (in shares)	1,250,000,000	1,250,000,000
Ordinary shares, shares issued (in shares)	227,382,980	256,718,840
Ordinary shares, outstanding (in shares)	227,382,980	256,718,840

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Income Statement [Abstract]
Revenue	$ 10,681	$ 10,509	$ 10,390
Cost of revenue	7,764	7,667	7,458
Product development	903	973	991
Marketing and administrative	502	473	453
Amortization of intangibles	12	14	23
Restructuring and other, net	8	82	(22)
Total operating expenses	9,189	9,209	8,903
Income from operations	1,492	1,300	1,487
Interest income	2	20	84
Interest expense	(220)	(201)	(224)
Other, net	74	(87)	25
Other expense, net	(144)	(268)	(115)
Income before income taxes	1,348	1,032	1,372
Provision (benefit) for income taxes	34	28	(640)
Net income	$ 1,314	$ 1,004	$ 2,012
Net income per share:
Basic (in dollars per share)	$ 5.43	$ 3.83	$ 7.13
Diluted (in dollars per share)	$ 5.36	$ 3.79	$ 7.06
Number of shares used in per share calculations:
Basic (in shares)	242	262	282
Diluted (in shares)	245	265	285

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 1,314	$ 1,004	$ 2,012
Change in net unrealized loss on cash flow hedges:
Net unrealized gains (losses) arising during the period	15	(27)	0
(Gains) losses reclassified into earnings	(9)	3	0
Net change	6	(24)	0
Change in unrealized components of post-retirement plans:
Net unrealized gains (losses) arising during the period	1	(7)	(16)
Losses (gains) reclassified into earnings	3	1	0
Net change	4	(6)	(16)
Foreign currency translation adjustments
Foreign currency translation adjustments	15	(2)	(2)
Total other comprehensive income (loss), net of tax	25	(32)	(18)
Comprehensive income	$ 1,339	$ 972	$ 1,994

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
OPERATING ACTIVITIES
Net income	$ 1,314	$ 1,004	$ 2,012
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	397	379	541
Share-based compensation	112	109	99
Loss on redemption and repurchase of debt	1	58	0
Deferred income taxes	(4)	(6)	(690)
Other non-cash operating activities, net	(50)	52	(97)
Changes in operating assets and liabilities:
Accounts receivable, net	(42)	(127)	204
Inventories	(64)	(166)	80
Accounts payable	(14)	394	(268)
Accrued employee compensation	58	55	(84)
Accrued expenses, income taxes and warranty	(38)	(39)	(81)
Other assets and liabilities	(44)	1	45
Net cash provided by operating activities	1,626	1,714	1,761
INVESTING ACTIVITIES
Acquisition of property, equipment and leasehold improvements	(498)	(585)	(602)
Proceeds from the sale of assets	4	1	144
Proceeds from settlement of foreign currency forward exchange contracts	0	0	29
Proceeds from redemption of debt security	0	0	1,283
Purchases of investments	(4)	(58)	(18)
Proceeds from sale of investments	29	7	10
Maturities of short-term investments	3	0	0
Net cash (used in) provided by investing activities	(466)	(635)	846
FINANCING ACTIVITIES
Redemption and repurchase of debt	(33)	(1,137)	(819)
Dividends to shareholders	(649)	(673)	(713)
Repurchases of ordinary shares	(2,047)	(850)	(963)
Taxes paid related to net share settlement of equity awards	(33)	(40)	(31)
Proceeds from issuance of long-term debt	1,000	994	245
Proceeds from issuance of ordinary shares under employee stock plans	108	103	69
Other financing activities, net	(19)	(2)	0
Net cash used in financing activities	(1,673)	(1,605)	(2,212)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	0	(1)	(1)
(Decrease) increase in cash, cash equivalents and restricted cash	(513)	(527)	394
Cash, cash equivalents and restricted cash at the beginning of the year	1,724	2,251	1,857
Cash, cash equivalents and restricted cash at the end of the year	1,211	1,724	2,251
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	184	226	223
Cash paid for income taxes, net of refunds	$ 44	$ 51	$ 39

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member]Cumulative Effect, Period of Adoption, Adjustment
Starting Balance (in shares) at Jun. 29, 2018			287
Total Seagate Technology plc Shareholders' Equity, Starting Balance at Jun. 29, 2018	$ 1,665	$ 34	$ 0	$ 6,377	$ (16)	$ (4,696)	$ 34
Increase (Decrease) in Stockholders' Equity
Net income	2,012					2,012
Other comprehensive loss	(18)				(18)
Issuance of ordinary shares under employee stock plans (in shares)			4
Issuance of ordinary shares under employee stock plans	69			69
Repurchases of shares (in shares)			(21)
Repurchases of shares	$ (966)					(966)
Tax withholding related to vesting of restricted stock units (in shares)	(1)		(1)
Tax withholding related to vesting of restricted share units	$ (31)					(31)
Dividends to shareholders ($2.52 per ordinary share)	(702)					(702)
Share-based compensation	99			99
Ending Balance (in shares) at Jun. 28, 2019			269
Total Seagate Technology plc Shareholders' Equity, Ending Balance at Jun. 28, 2019	2,162	$ (2)	$ 0	6,545	(34)	(4,349)	$ (2)
Increase (Decrease) in Stockholders' Equity
Net income	1,004					1,004
Other comprehensive loss	(32)				(32)
Issuance of ordinary shares under employee stock plans (in shares)			6
Issuance of ordinary shares under employee stock plans	103			103
Repurchases of shares (in shares)			(17)
Repurchases of shares	$ (847)					(847)
Tax withholding related to vesting of restricted stock units (in shares)	(1)		(1)
Tax withholding related to vesting of restricted share units	$ (40)					(40)
Dividends to shareholders ($2.52 per ordinary share)	(670)					(670)
Share-based compensation	109			109
Ending Balance (in shares) at Jul. 03, 2020			257
Total Seagate Technology plc Shareholders' Equity, Ending Balance at Jul. 03, 2020	1,787		$ 0	6,757	(66)	(4,904)
Increase (Decrease) in Stockholders' Equity
Net income	1,314					1,314
Other comprehensive loss	25				25
Issuance of ordinary shares under employee stock plans (in shares)			4
Issuance of ordinary shares under employee stock plans	108			108
Repurchases of shares (in shares)			(33)
Repurchases of shares	$ (2,047)					(2,047)
Tax withholding related to vesting of restricted stock units (in shares)	(1)		(1)
Tax withholding related to vesting of restricted share units	$ (33)					(33)
Dividends to shareholders ($2.52 per ordinary share)	(635)					(635)
Share-based compensation	112			112
Ending Balance (in shares) at Jul. 02, 2021			227
Total Seagate Technology plc Shareholders' Equity, Ending Balance at Jul. 02, 2021	$ 631		$ 0	$ 6,977	$ (41)	$ (6,305)

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 02, 2021
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Organization Seagate Technology Holdings plc (“STX”) and its subsidiaries (collectively, unless the context otherwise indicates, the “Company”) is a leading provider of data storage technology and solutions. Its principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. In addition to HDDs, the Company produces a broad range of data storage products including solid state drives (“SSDs”), solid state hybrid drives (“SSHDs”) and storage subsystems. On May 18, 2021, Seagate Technology plc, now known as Seagate Technology Unlimited Company (“STUC”), and STX completed a scheme of arrangement pursuant to which STUC’s ordinary shares were acquired by STX and the ordinary shareholders of STUC received, on a one-for-one basis, new ordinary shares of STX (the “Scheme”). As a result of the Scheme, STUC is now a direct, wholly-owned subsidiary of STX, which is the successor issuer to STUC. In connection with the Scheme, STX assumed STUC’s existing obligations in connection with awards granted under STUC’s incentive plans and other similar employee awards and amended such plans and awards as necessary to provide for the issuance of STX’s registered shares rather than the ordinary shares of STUC upon the exercise or vesting of awards . Basis of Presentation and Consolidation The Company’s consolidated financial statements include the accounts of the Company and all its wholly-owned and majority-owned subsidiaries, after elimination of intercompany transactions and balances. The preparation of financial statements in accordance with the United States (“U.S.”) generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. These estimates and assumptions include the impact of the COVID-19 pandemic. Actual results could differ materially from those estimates. The methods, estimates and judgments the Company uses in applying its most critical accounting policies have a significant impact on the results the Company reports in its consolidated financial statements. Fiscal Year The Company operates and reports financial results on a fiscal year of 52 or 53 weeks ending on the Friday closest to June 30. Accordingly, fiscal years 2021 and 2019 were comprised of 52 weeks and ended on July 2, 2021 and June 28, 2019, respectively. Fiscal year 2020 was comprised of 53 weeks and ended on July 3, 2020. All references to years in these Notes to Consolidated Financial Statements represent fiscal years unless otherwise noted. Fiscal year 2026 will also be comprised of 53 weeks and will end on July 3, 2026. Summary of Significant Accounting Policies Cash and Cash Equivalents. The Company considers all highly liquid investments with a remaining maturity of 90 days or less at the time of purchase to be cash equivalents. The Company’s highly liquid investments are primarily comprised of money market funds, time deposits and certificates of deposits. The Company has classified its marketable debt securities as available-for-sale and they are stated at fair value with unrealized gains and losses included in Accumulated other comprehensive loss, which is a component of Shareholders’ Equity. The Company evaluates the available-for sale debt securities in an unrealized loss position for other-than-temporary impairment. Realized gains and losses are included in Other, net on the Company’s Consolidated Statements of Operations. The cost of securities sold is based on the specific identification method. Other cash equivalents are carried at cost, which approximates fair value. Restricted Cash and Cash Equivalents. Restricted cash and cash equivalents represent cash and cash equivalents that are restricted as to withdrawal or use for other than current operations. Allowance for expected credit loss. The Company maintains an allowance for expected credit loss relating to its accounts receivable based upon expected collectability. This reserve is established based upon historical trends, global macroeconomic conditions, reasonable and supportable forecasts of future conditions and an analysis of specific exposures. The provision for expected credit loss is recorded as a charge to Marketing and administrative expense on the Company’s Consolidated Statements of Operations. Inventories. Inventories are valued at the lower of cost (using the first-in, first-out method) and net realizable value. Net realizable value is based upon the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Adjustments to reduce cost of inventories to its net realizable value are made, if required, for estimated excess or obsolescence determined primarily by future demand forecasts. Property, Equipment and Leasehold Improvements. Property, equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Equipment and buildings are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated life of the asset or the remaining term of the lease. The costs of additions and substantial improvements to property, equipment and leasehold improvements, which extend the economic life of the underlying assets, are capitalized. The cost of maintenance and repairs to property, equipment and leasehold improvements is expensed as incurred. Goodwill. The Company performs a qualitative assessment in the fourth quarter of each year, or more frequently if indicators of potential impairment exist, to determine if any events or circumstances exist, such as an adverse change in business climate or a decline in the overall industry that would indicate that it would more likely than not reduce the fair value of a reporting unit below its carrying amount, including goodwill. If it is determined in the qualitative assessment that the fair value of a reporting unit is more likely than not below its carrying amount, including goodwill, then the Company will perform a quantitative impairment test. The quantitative goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. Any excess in the carrying value of a reporting unit over its fair value is recognized as an impairment loss, limited to the total amount of goodwill allocated to that reporting unit. Other Long-lived Assets. The Company tests other long-lived assets, including property, equipment and leasehold improvements and other intangible assets subject to amortization, for recoverability whenever events or changes in circumstances indicate that the carrying value of those assets may not be recoverable. The Company performs a recoverability test to assess the recoverability of an asset group. If the recoverability test indicates that the carrying value of the asset group is not recoverable, the Company will estimate the fair value of the asset group and the excess of the carrying value over the fair value is allocated pro rata to derive the adjusted carrying value of assets in the asset group. The adjusted carrying value of each asset in the asset group is not reduced below its fair value. In accordance with its policy, the Company reviews the estimated useful lives of its fixed assets on an ongoing basis. This review indicated that the actual lives of certain manufacturing equipment at its manufacturing facilities were longer than the estimated useful lives used for depreciation purposes in the Company’s consolidated financial statements. As a result, effective June 29, 2019, the Company changed its estimate of the useful lives of its manufacturing equipment from a range of three to five years to a range of three to seven years. The effect of this change in estimate increased the net income by $134 million for the fiscal year ended July 3, 2020 and increased the diluted earnings per share by $0.51 for the fiscal year ended July 3, 2020. The Company tests other intangible assets not subject to amortization whenever events occur or circumstances change, such as declining financial performance, deterioration in the environment in which the entity operates or deteriorating macroeconomic conditions that have a negative effect on future expected earnings and cash flows that could affect significant inputs used to determine the fair value of the indefinite-lived intangible asset. Assets Held for Sale. The Company classifies its long-lived assets to be sold as held for sale in the period (i) it has approved and committed to a plan to sell the asset, (ii) the asset is available for immediate sale in its present condition, (iii) an active program to locate a buyer and other actions required to sell the asset have been initiated, (iv) the sale of the asset is probable, (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value and (vi) it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a long-lived asset that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a long-lived asset until the date of sale. Upon designation as an asset held for sale, the Company stops recording depreciation expense on the asset. The Company assesses the fair value of a long-lived asset less any costs to sell at each reporting period and until the asset is no longer classified as held for sale. Leases. Effective June 29, 2019, the Company adopted a new accounting policy for leases in accordance with Accounting Standard Codification (“ASC”) 842, Leases, using the modified retrospective approach. Accordingly, the Company applied the new lease accounting standard prospectively to leases existing or commencing on or after June 29, 2019. The Company elected to apply the practical expedients which allow for not reassessing whether existing contracts contain leases, the classification of existing leases and whether the existing initial direct costs meet the new definition. In addition, the Company elected to combine lease and non-lease components for facility leases and to not recognize right-of-use (“ROU”) assets and lease liabilities for leases with an initial term of 12 months or less on the balance sheet. The Company determines if an arrangement is a lease or contains a lease at inception. ROU assets are included in Other assets, net and lease liabilities are included in Accrued expenses and Other non-current liabilities on the Company’s Consolidated Balance Sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and the corresponding lease liabilities represent its obligation to make lease payments arising from the lease. Lease liabilities are measured at the present value of the remaining lease payments and ROU assets are based on the lease liability, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs. For the Company’s leases that do not provide an implicit rate, the net present value of future minimum lease payments is determined using the Company’s estimated incremental borrowing rate based on the information available at the lease commencement date. Additionally, the Company’s lease term may include options to extend or terminate the lease. These options are reflected in the ROU asset and lease liability when it is reasonably certain that the Company will exercise the option. The Company’s lease agreements do not contain any material residual value guarantees. The Company recognizes lease expense on a straight-line basis over the lease term. Variable lease payments not dependent on an index or a rate primarily consist of common area maintenance charges, are expensed as incurred, and are not included in the ROU asset and lease liability calculation. The total operating and variable lease costs were included in operating expenses in the Company’s Consolidated Statements of Operations. Payment-in-Kind (“PIK”) Income. The Company had a debt investment in non-convertible preferred stock of Toshiba Memory Holdings Corporation ( “ TMHC ” ), now known as Kioxia, that was fully redeemed by TMHC in June 2019. Transaction costs incurred by the Company to acquire this investment were capitalized and amortized as a reduction of interest income on the Consolidated Statements of Operations over the respective term of the investment. The investment contained a PIK income provision, which represented contractual interest that was due upon redemption, and was accrued and recorded as Interest income each reporting period and added to the carrying value of the Investment in debt security. Derivative Financial Instruments. The Company records all derivatives on the balance sheet at fair value and establishes criteria for designation and effectiveness of hedging relationships. The Company excludes the change in forward points from the assessment of hedge effectiveness and recognizes the excluded component in Other, net in the Consolidated Statements of Operations. Foreign currency forward exchange contracts not designated as hedge instruments are used to economically hedge the foreign currency exposure on forecasted expenditures in currencies other than U.S. dollar. The Company recognizes the unrealized gains and losses due to the changes in the fair value of these contracts, as well as the related costs in Other, net in the Consolidated Statements of Operations. Warranty. The Company estimates probable product warranty costs at the time revenue is recognized. The Company generally provides warranty on its products for a period of 1 to 5 years. The Company's warranty provision considers estimated product failure rates and trends (including the timing of product returns during the warranty periods), and estimated repair or replacement costs related to product quality issues, if any. The Company also exercises judgment in estimating its ability to sell refurbished products. The Company's judgment is subject to a greater degree of subjectivity with respect to newly introduced products because of limited experience with those products upon which to base our warranty estimates. Revenue Recognition and Sales Incentive Programs. The Company determines revenue recognition through the following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, the Company satisfies a performance obligation. Revenue from sales of products is generally recognized upon transfer of control to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products, net of sales taxes. This typically occurs upon shipment from the Company. When applicable, the Company includes shipping charges billed to customers in Revenue and includes the related shipping costs in Cost of revenue on the Company's Consolidated Statements of Operations. The Company records estimated variable consideration at the time of revenue recognition as a reduction to revenue. Variable consideration generally consists of sales incentive programs, such as price protection and volume incentives aimed at increasing customer demand. For original equipment manufacturers (“OEMs”) sales, rebates are typically established by estimating the most likely amount of consideration expected to be received based on an OEM customer’s volume of purchases from the Company or other agreed upon rebate programs. For the distribution and retail channel, these programs typically involve estimating the most likely amount of rebates related to a customer’s level of sales, order size, advertising or point of sale activity as well as the expected value of price protection adjustments based on historical analysis and forecasted pricing environment. Marketing development program costs are accrued and recorded as a reduction to revenue at the same time that the related revenue is recognized. The Company expenses sales commissions as incurred because the amortization period would have been one year or less. These costs are recorded as Marketing and administrative on the Company’s Consolidated Statements of Operations. Restructuring Costs. The timing of recognition for severance costs depends on whether employees are required to render service until they are terminated in order to receive the termination benefits. If employees are required to render service until they are terminated in order to receive the termination benefits, a liability is recognized ratably over the future service period. Otherwise, a liability is recognized when management has committed to a restructuring plan and has communicated those actions to employees. Employee termination benefit costs covered by existing benefit arrangements are recognized when management has committed to a restructuring plan and the severance costs are probable and estimable. Advertising Expense. The cost of advertising is expensed as incurred. Advertising costs were approximately $13 million, $19 million and $22 million in fiscal years 2021, 2020 and 2019, respectively. Share-Based Compensation. The Company has elected to apply the with-and-without method to assess the realization of related excess tax benefits. The Company also elected to continue to account for share-based compensation expense net of estimated forfeitures. Refer to Note 11. Compensation for details. Accounting for Income Taxes . The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of tax credits, recognition of income and deductions and calculation of specific tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for income tax and financial statement purposes, as well as tax liabilities associated with uncertain tax positions. The calculation of tax liabilities involves uncertainties in the application of complex tax rules and the potential for future adjustment of the Company’s uncertain tax positions by various taxing authorities. If estimates of these tax liabilities are greater or less than actual results, an additional tax provision or benefit will result. The deferred tax assets the Company records each period depend primarily on the Company’s ability to generate future taxable income in the United States and certain non-U.S. jurisdictions. Each period, the Company evaluates the need for a valuation allowance for its deferred tax assets and, if necessary, adjusts the valuation allowance so that net deferred tax assets are recorded only to the extent the Company concludes it is more likely than not that these deferred tax assets will be realized. If the Company’s outlook for future taxable income changes significantly, the Company’s assessment of the need for, and the amount of, a valuation allowance may also change. Equity Investments. From time to time, the Company enters into certain strategic investments for the promotion of business and strategic objectives, which are accounted for either under equity method or the measurement alternative. These investments are included in Other assets, net in the Company's Consolidated Balance Sheets and are adjusted through Other, net in the Consolidated Statement of Operations. Investments are accounted for under the equity method if the Company has the ability to exercise significant influence, but does not have a controlling financial interest. These investments are measured at cost, less any impairment plus the Company's portion of investee’s income or loss. The Company uses the financial statements of investees to determine any adjustments, which are received on a one-quarter lag. For equity investments where the Company does not have the ability to exercise significant influence and there are no readily determinable fair values, the Company has elected to apply the measurement alternative, under which investments are measured at cost, less impairment, and adjusted for qualifying observable price changes on a prospective basis. The Company’s strategic investments are periodically analyzed to determine whether or not there are indicators of impairment by assessing factors such as deterioration of earnings, adverse change in market/industry conditions, the ability to operate as a going concern, and other factors which indicate that the carrying amount of the investment might not be recoverable. In such a case, the decrease in value is recognized in the period the impairment occurs in the Consolidated Statements of Operations. Comprehensive Income. The Company presents comprehensive income in a separate statement. Comprehensive income is comprised of net income and other gains and losses affecting equity that are excluded from net income. Foreign Currency Remeasurement and Translation. The U.S. dollar is the functional currency for the majority of the Company's foreign operations. Monetary assets and liabilities denominated in foreign currencies are remeasured into the functional currency of the subsidiary at the balance sheet date. The gains and losses from the remeasurement of foreign currency denominated balances into the functional currency of the subsidiary are included in Other, net on the Company's Consolidated Statements of Operations. The Company’s subsidiaries that use the U.S. dollar as their functional currency remeasure monetary assets and liabilities at exchange rates in effect at the end of each period, and nonmonetary assets and liabilities at historical rates. The Company translates the assets and liabilities of its non-U.S. dollar functional currency subsidiaries into U.S. dollars using exchange rates in effect at the end of each period. Revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period. Gains and losses from these translations are recognized in foreign currency translation included in Accumulated other comprehensive loss, which is a component of Shareholders’ Equity. Concentrations Concentration of Credit Risk. The Company’s customer base is concentrated with a small number of customers. 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 allowances for expected credit losses based upon factors surrounding the credit risk of customers, global macroeconomic conditions and an analysis of specific exposures. One customer accounted for 11% and 11% of the Company’s accounts receivable as of July 2, 2021 and July 3, 2020, respectively, and one customer accounted for 15% of the Company’s accounts receivable as of July 3, 2020. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, investments and foreign currency forward exchange contracts. The Company mitigates concentrations of credit risk in its financial instruments through diversification, by investing in highly-rated securities and/or major multinational companies. 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 and investment banks, and the Company has not incurred and does not expect any losses as a result of counterparty defaults. Supplier Concentration. Certain of the raw materials, components and equipment used by the Company in the manufacture of its products are available from single-sourced direct and indirect 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 all or 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. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12 (ASC Topic 740), Simplifying the Accounting for Income Taxes. This ASU simplifies accounting for income taxes by removing certain exceptions to the general principles and amending existing guidance to improve consistent application. The Company is required to adopt this guidance in the first quarter of fiscal year 2022. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 (ASC Topic 848), Reference Rate Reform. This ASU provides optional expedients and exceptions for applying U.S. generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. Adoption of the expedients and exceptions is permitted upon issuance of this update through December 31, 2022. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 (ASC Topic 326), Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments . This ASU amends the requirement on the measurement and recognition of expected credit losses for financial assets held to include future conditions in its estimate of expected credit losses. The Company adopted this new accounting pronouncement in the quarter ended October 2, 2020. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. I n August 2018, the FASB issued ASU 2018-15 (ASC Subtopic 350-40), Intangibles—Goodwill and Other - Internal-Use Software—Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract . This ASU aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The Company adopted this new accounting pronouncement in the quarter ended October 2, 2020. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.

Balance Sheet Information

Balance Sheet Information	12 Months Ended
	Jul. 02, 2021
Disclosure Text Block Supplement [Abstract]
Balance Sheet Information	Balance Sheet Information Available-for-sale Debt Securities The following table summarizes, by major type, the fair value and amortized cost of the Company’s investments as of July 2, 2021: (Dollars in millions) Amortized Unrealized Fair Available-for-sale debt securities: Money market funds $ 552 $ — $ 552 Time deposits and certificates of deposit 1 — 1 Other debt securities 18 — 18 Total $ 571 $ — $ 571 Included in Cash and cash equivalents $ 551 Included in Other current assets 2 Included in Other assets, net 18 Total $ 571 As of July 2, 2021, the Company’s Other current assets included $2 million in restricted cash equivalents held as collateral at banks for various performance obligations. As of July 2, 2021, the Company had no material available-for-sale debt securities that had been in a continuous unrealized loss position for a period greater than 12 months. The Company determined no available-for-sale debt securities were other-than-temporarily impaired as of July 2, 2021. The fair value and amortized cost of the Company’s investments classified as available-for-sale debt securities at July 2, 2021 by remaining contractual maturity were as follows: (Dollars in millions) Amortized Fair Due in less than 1 year $ 553 $ 553 Due in 1 to 5 years 10 10 Due in 6 to 10 years — — Thereafter 8 8 Total $ 571 $ 571 The following table summarizes, by major type, the fair value and amortized cost of the Company’s investments as of July 3, 2020: (Dollars in millions) Amortized Unrealized Fair Available-for-sale securities: Money market funds $ 495 $ — $ 495 Time deposits and certificates of deposits 56 — 56 Other debt securities 18 — 18 Total $ 569 $ — $ 569 Included in Cash and cash equivalents $ 549 Included in Other current assets 2 Included in Other assets, net 18 Total $ 569 As of July 3, 2020, the Company’s Other current assets included $2 million in restricted cash and investments held as collateral at banks for various performance obligations. As of July 3, 2020, the Company had no material available-for-sale debt securities that had been in a continuous unrealized loss position for a period greater than 12 months. The Company determined no available-for-sale debt securities were other-than-temporarily impaired as of July 3, 2020. Cash, Cash Equivalents and Restricted Cash The following table provides a summary of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that reconciles to the corresponding amount in the Consolidated Statements of Cash Flows: (Dollars in millions) July 2, July 3, June 28, June 29, Cash and cash equivalents $ 1,209 $ 1,722 $ 2,220 $ 1,853 Restricted cash included in Other current assets 2 2 31 4 Total cash, cash equivalents and restricted cash shown in the Statements of Cash Flows $ 1,211 $ 1,724 $ 2,251 $ 1,857 As of June 28, 2019, the Company’s Other current assets included $31 million in restricted cash and cash equivalents in an escrow account for the sale of certain properties and cash equivalents held as collateral at banks for various performance obligations Accounts Receivable, net The following table provides details of the accounts receivable, net balance sheet item: (Dollars in millions) July 2, July 3, Accounts receivable $ 1,162 $ 1,120 Allowances for expected credit losses (4) (5) Account receivable, net $ 1,158 $ 1,115 Activity in the expected credit losses accounts is as follows: (Dollars in millions) Balance at Beginning of Period Charges (Credit) to Operations Deductions (1) Balance at End of Period Fiscal year ended June 28, 2019 $ 4 — — $ 4 Fiscal year ended July 3 2020 $ 4 1 — $ 5 Fiscal year ended July 2, 2021 $ 5 — (1) $ 4 ______________________________________________ (1) Uncollectible accounts written off, net of recoveries. In connection with an existing factoring agreement, the Company sells trade receivables to a third party for cash proceeds less a discount. During fiscal year 2021, the Company sold trade receivables without recourse for cash proceeds of $183 million, of which none remained subject to servicing by the Company as of July 2, 2021. During fiscal year 2020, the Company sold trade receivables without recourse for cash proceeds of $89 million, of which $10 million remained subject to servicing by the Company as of July 3, 2020. The discounts on trade receivables sold were not material for fiscal years 2021 and 2020. Inventories The following table provides details of the inventory balance sheet item: (Dollars in millions) July 2, July 3, Raw materials and components $ 375 $ 451 Work-in-process 443 313 Finished goods 386 378 Total inventories $ 1,204 $ 1,142 Property, Equipment and Leasehold Improvements, net The components of property, equipment and leasehold improvements, net were as follows: (Dollars in millions) Useful Life in Years (1) July 2, July 3, Land and land improvements $ 47 $ 48 Equipment 3 – 7 8,250 8,033 Buildings and leasehold improvements Up to 30 1,881 1,848 Construction in progress 200 283 10,378 10,212 Less: accumulated depreciation and amortization (8,197) (8,083) Property, equipment and leasehold improvements, net $ 2,181 $ 2,129 ______________________________________________ (1) Effective June 29, 2019, the Company changed its estimate of the useful lives of its manufacturing equipment from a range of three to five years to a range of three to seven years. Please refer to Note 1. Basis of Presentation and Summary of Significant Accounting Policies for more details. Depreciation expense, which includes amortization of leasehold improvements, was $368 million, $325 million and $464 million for fiscal years 2021, 2020 and 2019, respectively. Interest on borrowings related to eligible capital expenditures is capitalized as part of the cost of the qualified assets and amortized over the estimated useful lives of the assets. During fiscal years 2021, 2020 and 2019, the Company capitalized interest of $5 million, $6 million and $3 million, respectively. Accrued Expenses The following table provides details of the accrued expenses balance sheet item: (Dollars in millions) July 2, July 3, Dividends payable $ 153 $ 167 Other accrued expenses 455 435 Total $ 608 $ 602 Accumulated Other Comprehensive Loss (“AOCL”) The components of AOCL, net of tax, were as follows: (Dollars in millions) Unrealized Gains/(Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Post-Retirement Plans Foreign Currency Translation Adjustments Total Balance at June 28, 2019 $ — $ (20) $ (14) $ (34) Other comprehensive loss before reclassifications (27) (7) (2) (36) Amounts reclassified from AOCL to Consolidated Statements of Operations 3 1 — 4 Other comprehensive loss (24) (6) (2) (32) Balance at July 3, 2020 (24) (26) (16) (66) Other comprehensive gain before reclassifications 15 1 15 31 Amounts reclassified from AOCL to Consolidated Statements of Operations (9) 3 — (6) Other comprehensive income 6 4 15 25 Balance at July 2, 2021 $ (18) $ (22) $ (1) $ (41)

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jul. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The carrying amount of goodwill was $1,237 million as of July 2, 2021 and July 3, 2020. There were no additions to, disposals of, impairments of or translation adjustments to goodwill in fiscal years 2021, 2020 and 2019. Other Intangible Assets Other intangible assets consist primarily of existing technology, customer relationships and trade names acquired in business combinations. Intangibles are amortized on a straight-line basis over the respective estimated useful lives of the assets. Amortization is charged to Operating expenses in the Consolidated Statements of Operations. In fiscal years 2021, 2020 and 2019, amortization expense for other intangible assets was $29 million, $53 million and $77 million, respectively. The carrying value of other intangible assets subject to amortization, excluding fully amortized intangible assets, as of July 2, 2021, is set forth in the following table: (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Useful Life Existing technology $ 43 $ (30) $ 13 1.8 Years Customer relationships 71 (58) 13 1.2 Years Other intangible assets 9 (6) 3 1.7 Years Total amortizable other intangible assets $ 123 $ (94) $ 29 1.5 Years The carrying value of other intangible assets subject to amortization, excluding fully amortized intangible assets, as of July 3, 2020 is set forth in the following table: (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Useful Life Existing technology $ 199 $ (179) $ 20 1.5 Years Customer relationships 71 (48) 23 2.2 Years Trade name 2 (2) — 0.2 Years Other intangible assets 19 (4) 15 2.9 Years Total amortizable other intangible assets $ 291 $ (233) $ 58 2.1 Years As of July 2, 2021, expected amortization expense for other intangible assets for each of the next two years is as follows: (Dollars in millions) Amount 2022 $ 20 2023 9 Thereafter — Total $ 29

Debt

Debt	12 Months Ended
	Jul. 02, 2021
Debt Disclosure [Abstract]
Debt	Debt Credit Agreement The Company’s subsidiary, Seagate HDD Cayman, entered into a credit agreement on February 20, 2019, which was amended on January 13, 2021 and May 18, 2021 (the “Credit Agreement”), increasing the size of the senior unsecured revolving credit facility (“Revolving Credit Facility”), capping the indebtedness guaranteed by certain of Seagate HDD Cayman’s material subsidiaries to an amount $100 million less than the amount that would give rise to a guarantee requirement by such subsidiaries in respect of any series of senior notes and amending certain definitions, covenants, and other provisions to contemplate STX as the parent entity as of the Scheme effective time, respectively. In connection with the May 18, 2021 amendment, STX entered into a joinder agreement pursuant to which, at the Scheme effective time, it became a party to and guarantor of the Credit Agreement. The Credit Agreement provides an up to $1.725 billion senior unsecured revolving credit facility and a term loan facility in an aggregate principal amount of $500 million (“Term Loan”). The Revolving Credit Facility has a final maturity of February 20, 2024 and the Term Loan has a final maturity date of September 16, 2025. The loans made under the Revolving Credit Facility and Term Loan will bear interest at a rate of the London Interbank Offered Rate (“LIBOR”) plus a variable margin for each facility that will be determined based on the corporate credit rating of the Company. STX and certain of its material subsidiaries, including STUC, fully and unconditionally guarantee both the Revolving Credit Facility and Term Loan. The Revolving Credit Facility also allows such facility to increase by an additional $275 million, provided that (i) there has been, and will be after giving effect to such increase, no default, (ii) the increase is at least $25 million and (iii) the existing commitments under the facility receive 0.50% most favored nation protection. An aggregate amount of up to $75 million of the Revolving Credit Facility is available for the issuance of letters of credit, and an aggregate amount of up to $50 million of such facility is also available for swing line loans. On September 17, 2019, Seagate HDD Cayman borrowed the $500 million principal amount under the Term Loan and the proceeds were used to repurchase a portion of its outstanding senior notes. The Term Loan is repayable in quarterly installments of 1.25% of the original principal amount beginning on December 31, 2020, with the remaining balance payable upon maturity. The Company repaid $19 million principal amount of the Term Loan during fiscal year 2021. The Credit Agreement includes three financial covenants: (1) interest coverage ratio, (2) total leverage ratio and (3) a minimum liquidity amount. The Company was in compliance with the covenants as of July 2, 2021 and expects to be in compliance for the next 12 months. As of July 2, 2021, no borrowings (including swing line loans) were outstanding and no commitments were utilized for letters of credit issued under the Revolving Credit Facility. Long-Term Debt $800 million Aggregate Principal Amount of 3.75% Senior Notes due November 2018 (the “2018 Notes”). On November 5, 2013, Seagate HDD Cayman, issued $800 million in aggregate principal amount of 3.75% Senior Notes. The obligations under the 2018 Notes were fully and unconditionally guaranteed on a senior unsecured basis by Seagate Technology plc. The interest on the Notes was payable semi-annually on May 15 and November 15 of each year. On November 15, 2018, the 2018 Notes matured and the entire outstanding principal amount of $499 million was repaid, plus accrued and unpaid interest. $750 million Aggregate Principal Amount of 4.25% Senior Notes due March 2022 (the “2022 Notes”). On February 3, 2017, Seagate HDD Cayman issued, in a private placement, $750 million in aggregate principal amount of 4.25% Senior Notes which will mature on March 1, 2022. The obligations under the 2022 Notes are fully and unconditionally guaranteed on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the 2022 Notes is payable semi-annually on March 1 and September 1 of each year, commencing on September 1, 2017. At any time before February 1, 2022, Seagate HDD Cayman may redeem some or all of the 2022 Notes at a “make whole” redemption price, plus accrued and unpaid interest, if any. The ‘‘make-whole’’ redemption price will be equal to (1) 100% of the principal amount of the 2022 Notes redeemed, plus (2) the excess, if any, of (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 2022 Notes being redeemed, discounted to the redemption date on a semi-annual basis at a rate equal to the sum of the Treasury Rate (as defined in the relevant Indenture) plus 40 basis points, minus accrued and unpaid interest, if any, on the 2022 Notes being redeemed to, but excluding, the redemption date over (b) the principal amount of the 2022 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the 2022 Notes being redeemed to, but excluding, the redemption date. During fiscal year 2021, $9 million aggregate principal amount of the 2022 Notes was repurchased for cash at a premium to their principal amount, plus accrued and unpaid interest. During fiscal year 2020, $521 million aggregate principal amount of the 2022 Notes were repurchased for cash at a premium to their principal amount, plus accrued and unpaid interest, $250 million and $248 million principal amount of which were repurchased pursuant to cash tender offers for certain senior notes on September 18, 2019 and June 18, 2020 (the “Tender Offers”), respectively. The Company recorded an immaterial loss and a loss of $29 million on repurchases during fiscal years 2021 and 2020, respectively, which is included in Other, net in the Company’s Consolidated Statements of Operations. At any time on or after February 1, 2022, Seagate HDD Cayman may redeem some or all of the 2022 Notes at a redemption price equal to 100% of the principal amount of the 2022 Notes redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. $1 billion Aggregate Principal Amount of 4.75% Senior Notes due June 2023 (the “2023 Notes”). On May 22, 2013, Seagate HDD Cayman issued, in a private placement, $1 billion in aggregate principal amount of 4.75% Senior Notes, which will mature on June 1, 2023. The obligations under the 2023 Notes are fully and unconditionally guaranteed on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the 2023 Notes is payable semi-annually on June 1 and December 1 of each year. Seagate HDD Cayman may redeem the 2023 Notes in whole or in part, on not less than 30, nor more than 60 days’ notice, at a “make-whole” premium redemption price. The “make-whole” redemption price will be equal to the greater of (1) 100% of the principal amount of the 2023 Notes being redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the 2023 Notes being redeemed, discounted at the redemption date on a semi-annual basis at a rate equal to the sum of the applicable Treasury Rate plus 50 basis points. Accrued and unpaid interest, if any, will be paid to, but excluding, the redemption date. During fiscal years 2021 and 2019, $5 million and $10 million aggregate principal amount of the 2023 Notes was repurchased for cash at a premium to their principal amount, plus accrued and unpaid interest, respectively. During fiscal year 2020, $395 million aggregate principal amount of the 2023 Notes were repurchased for cash at a premium to their principal amount, plus accrued and unpaid interest, $200 million and $178 million principal amount of which was repurchased pursuant to the Tender Offers on September 18, 2019 and June 18, 2020, respectively. The Company recorded a loss of $1 million and $20 million for fiscal years 2021 and 2020, which is included in Other, net in the Company’s Consolidated Statement of Operations. The loss recorded on the repurchases in fiscal year 2019 was immaterial. $500 million Aggregate Principal Amount of 4.875% Senior Notes due March 2024 (the “2024 Notes”). On February 3, 2017, Seagate HDD Cayman issued, in a private placement, $500 million in aggregate principal amount of 4.875% Senior Notes which will mature on March 1, 2024. The obligations under the 2024 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the 2024 Notes is payable semi-annually on March 1 and September 1 of each year, commencing on September 1, 2017. At any time before January 1, 2024, Seagate HDD Cayman may redeem some or all of the 2024 Notes at a “make-whole” redemption price, plus accrued and unpaid interest, if any. The ‘‘make-whole’’ redemption price will be equal to (1) 100% of the principal amount of the 2024 Notes redeemed, plus (2) the excess, if any, of (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 2024 Notes being redeemed, discounted to the redemption date on a semi-annual basis at a rate equal to the sum of the Treasury Rate plus 45 basis points, minus accrued and unpaid interest, if any, on the 2024 Notes being redeemed to, but excluding, the redemption date over (b) the principal amount of the 2024 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the 2024 Notes being redeemed to, but excluding, the redemption date. $1 billion Aggregate Principal amount of 4.75% Senior Notes due January 2025 (the “2025 Notes”) . On May 28, 2014, Seagate HDD Cayman issued, in a private placement, $1 billion in aggregate principal amount of 4.75% Senior Notes due 2025, which will mature on January 1, 2025. The obligations under the 2025 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the 2025 Notes will be payable in cash semiannually on January 1 and July 1 of each year, commencing on January 1, 2015. At any time, upon not less than 30 nor more than 60 days’ notice, Seagate HDD may redeem some or all of the 2025 Notes at a ‘‘make-whole’’ redemption price. The ‘‘make-whole’’ redemption price will be equal to the greater of (1) 100% of the principal amount of the 2025 Notes redeemed, and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the 2025 Notes being redeemed, discounted to the redemption date on a semi-annual basis at a rate equal to the sum of the Treasury Rate plus 50 basis points. Accrued and unpaid interest, if any, will be paid to, but excluding, the redemption date. On September 18, 2019, $170 million principal amount of the 2025 Notes was repurchased at a premium pursuant to the Tender Offers. During fiscal year 2019, $55 million aggregate principal amount of the 2025 Notes were repurchased for cash at a discount to their principal amount, plus accrued and unpaid interest. For fiscal years 2020 and 2019 the Company recorded a loss of $8 million and a gain of approximately $1 million on the repurchases respectively, which is included in Other, net in the Company’s Consolidated Statements of Operations. On June 18, 2020, Seagate HDD Cayman completed an exchange offer in which the principal amount of $271 million of the 2025 Notes was exchanged for the principal amount of $297 million of the July 2029 Notes (as defined below). The exchange was accounted for as a debt modification with no gain or loss recognized. $700 million Aggregate Principal Amount of 4.875% Senior Notes due June 2027 (the “2027 Notes”) . On May 14, 2015, Seagate HDD Cayman issued, in a private placement, $700 million in aggregate principal amount of 4.875% Senior Notes, which will mature on June 1, 2027. The obligations under the 2027 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the 2027 Notes is payable semi-annually on June 1 and December 1 of each year, commencing on December 1, 2015. At any time before March 1, 2027, Seagate HDD Cayman may redeem some or all of the 2027 Notes at a “make-whole” redemption price. The ‘‘make-whole’’ redemption price will be equal to (1) 100% of the principal amount of the 2027 Notes redeemed, plus (2) the excess, if any of (x) the sum of the present values of the remaining scheduled payments of principal and interest on the 2027 Notes being redeemed, discounted to the redemption date on a semi-annual basis at a rate equal to the sum of the Treasury Rate plus 40 basis points, minus accrued and unpaid interest, if any, on the 2027 Notes being redeemed to, but excluding, the redemption date over (y) the principal amount of the 2027 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the 2027 Notes being redeemed to, but excluding, the redemption date. At any time on or after March 1, 2027, Seagate HDD Cayman may redeem some or all of the 2027 Notes at a redemption price equal to 100% of the principal amount of the 2027 Notes redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. During fiscal year 2019, $6 million aggregate principal amount of the 2027 Notes were repurchased for cash at a discount to their principal amount, plus accrued and unpaid interest. For fiscal year 2019, the Company recorded an immaterial gain on the repurchase, which is included in Other, net in the Company’s Consolidated Statements of Operations. On June 18, 2020, Seagate HDD Cayman completed an exchange offer in which the principal amount of $185 million of the 2027 Notes was exchanged for the principal amount of $203 million of the July 2029 Notes (as defined below). The exchange was accounted for as a debt modification with no gain or loss recognized. $500 million Aggregate Principal Amount of 4.091% Senior Notes due June 2029 (the “June 2029 Notes”) . On June 18, 2020, Seagate HDD Cayman issued, in a private placement, $500 million in aggregate principal amount of 4.091% Senior Notes in connection with Seagate HDD Cayman’s exchange offers to certain eligible holders of Seagate HDD Cayman’s outstanding 2025 Notes and 2027 Notes (the “Exchange Offers”). The obligations under the June 2029 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The June 2029 Notes will mature on June 1, 2029. Interest on the June 2029 Notes will be payable in cash semiannually on June 1 and December 1 of each year, commencing on December 1, 2020. At any time before March 1, 2029, Seagate HDD Cayman may redeem any or all of the June 2029 Notes at a “make-whole” redemption price. The “make-whole” redemption price will be equal to (1) 100% of the principal amount of the June 2029 Notes redeemed, plus (2) the excess, if any, of (x) the sum of the present values of the remaining scheduled payments of principal and interest on the June 2029 Notes being redeemed (as if the 2029 Notes matured on the Notes Par Call Date, as defined below), discounted to the redemption date on a semi-annual basis (assuming a 360-day year of twelve 30-day months) at a rate equal to the sum of the Treasury Rate plus 50 basis points, minus accrued and unpaid interest, if any, on the June 2029 Notes being redeemed to, but excluding, the redemption date over (y) the principal amount of the June 2029 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the June 2029 Notes being redeemed to, but excluding, the redemption date. At any time on or after March 1, 2029 (the “Notes Par Call Date”), Seagate HDD Cayman may redeem some or all of the June 2029 Notes at a redemption price equal to 100% of the principal amount of the June 2029 Notes redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. $500 million Aggregate Principal Amount of 3.125% Senior Notes due July 2029 (the “July 2029 Notes”) . On December 8, 2020, Seag ate HDD Cayman issued, in a private placemen t, $500 million in aggregate principal amount of the July 2029 Notes, which will mature on July 15, 2029. The obligations under the July 2029 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the July 2029 Notes is payable semi-annually on January 15 and July 15 of each yea r, commencing on July 15, 2021. At any time before January 15, 2024, Seagate HDD Cayman may redeem some or all of the July 2029 Notes at a “make-whole” redemption price. The “make-whole” redemption price will be equal to (1) 100% of the principal amount of the July 2029 Notes redeemed, plus (2) the greater of (a) 1.0% of the principal amount of the July 2029 Notes and (b) the excess, if any, of (i) the present value at such redemption date of (x) the applicable redemption price of such July 2029 Notes that would apply if such July 2029 Notes were redeemed on January 15, 2024, plus (y) all remaining scheduled payments of interest due on such July 2029 Notes to and including January 15, 2024, computed using a discount rate equal to the applicable Treasury Rate as of such redemption date plus 50 basis points; over (ii) the sum of accrued and unpaid interest, if any, to, but excluding, the redemption date, plus the principal amount of such July 2029 Notes, plus (3) accrued and unpaid interest, if any, to, but excluding, the redemption date. At any time on or after January 15, 2024, Seagate HDD Cayman may redeem some or all of such July 2029 Notes at a price of 101.563%, 100.781% and 100.000%, after January 15, 2024, January 15, 2025 and January 15, 2026, respectively, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. In addition, Seagate HDD Cayman may redeem with the net cash proceeds from one or more equity offerings up to 40% of the July 2029 Notes before January 15, 2024, at a redemption price of 103.125%, plus accrued and unpaid interest to, but excluding, the redemption date. $500 million Aggregate Principal Amount of 4.125% Senior Notes due January 2031 (the “January 2031 Notes”) . On June 10, 2020, Seagate HDD Cayman issued, in a private placement, $500 million in aggregate principal amount of 4.125% Senior Notes, which will mature on January 15, 2031. The obligations under the January 2031 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. Interest on the Notes will be payable in cash semiannually on January 15 and July 15 of each year, commencing on January 15, 2021. At any time before October 15, 2030, Seagate HDD Cayman may redeem any or all of the Notes at a “make-whole” redemption price. The “make-whole” redemption price will be equal to (1) 100% of the principal amount of the January 2031 Notes redeemed, plus (2) the excess, if any, of (x) the sum of the present values of the remaining scheduled payments of principal and interest on the January 2031 Notes being redeemed (as if the January 2031 Notes matured on the January 2031 Notes Par Call Date, as defined below), discounted to the redemption date on a semi-annual basis (assuming a 360-day year of twelve 30-day months) at a rate equal to the sum of the Treasury Rate plus 50 basis points, minus accrued and unpaid interest, if any, on the January 2031 Notes being redeemed to, but excluding, the redemption date over (y) the principal amount of the January 2031 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the January 2031 Notes being redeemed to, but excluding, the redemption date. At any time on or after October 15, 2030 (the “January 2031 Notes Par Call Date”), Seagate HDD Cayman may redeem some or all of the January 2031 Notes at a redemption price equal to 100% of the principal amount of the January 2031 Notes redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. $500 million Aggregate Principal Amount of 3.375% Senior Notes due July 2031 (the “July 2031 Notes”) . On December 8, 2020, Seagate HDD Cayman issued, in a private placement, $500 million in aggregate principal amount of the July 2031 Notes, which will mature on July 15, 2031. The obligations under the July 2031 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the July 2031 Notes is payable semi-annually on January 15 and July 15 of each yea r, commencing on July 15, 2021. At any time before January 15, 2026, Seagate HDD Cayman may redeem some or all of the July 2031 Notes at a “make-whole” redemption price. The “make-whole” redemption price will be equal to (1) 100% of the principal amount of the July 2031 Notes redeemed, plus (2) the greater of (a) 1.0% of the principal amount of the July 2031 Notes and (b) the excess, if any, of (i) the present value at such redemption date of (x) the applicable redemption price of such July 2031 Notes that would apply if such July 2031 Notes were redeemed on January 15, 2026, plus (y) all remaining scheduled payments of interest due on such July 2031 Notes to and including January 15, 2026, computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over (ii) the sum of accrued and unpaid interest, if any, to, but excluding, the redemption date, plus the principal amount of such July 2031 Notes, plus (3) accrued and unpaid interest, if any, to, but excluding, the redemption date. At any time on or after January 15, 2026, Seagate HDD Cayman may redeem some or all of such July 2031 Notes at a price o f 101.688%, 101.125%, 100.563% and 100.000%, after January 15, 2026, January 15, 2027, January 15, 2028 and January 15, 2029, respectively, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. In addition, Seagate HDD Cayman may redeem with the net cash proceeds from one or more equity offerings up to 40% of the July 2031 Notes before January 15, 2024, a redemption price of 103.375% , accrued and unpaid interest to, but excluding, the redemption date. $500 million Aggregate Principal Amount of 5.75% Senior Notes due December 2034 (the “2034 Notes”) . On December 2, 2014, Seagate HDD Cayman issued, in a private placement, $500 million in aggregate principal amount of 5.75% Senior Notes, which will mature on December 1, 2034. The obligations under the 2034 Notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC and, pursuant to a supplemental indenture dated as of May 18, 2021, STX. The interest on the Notes is payable semi-annually on June 1 and December 1 of each year, commencing on June 1, 2015. At any time before June 1, 2034, Seagate HDD Cayman may redeem some or all of the 2034 Notes at a “make-whole” redemption price. The “ make-whole ” redemption price will be equal to (1) 100% of the principal amount of the 2034 Notes redeemed, plus (2) the excess, if any of (x) the sum of the present values of the remaining scheduled payments of principal and interest on the 2034 Notes being redeemed, discounted to the redemption date on a semi-annual basis at a rate equal to the sum of the Treasury Rate plus 50 basis points, minus accrued and unpaid interest, if any, on the 2034 Notes being redeemed to, but excluding, the redemption date over (y) the principal amount of the 2034 Notes being redeemed, plus (3) accrued and unpaid interest, if any, on the 2034 Notes being redeemed to, but excluding, the redemption date. At any time on or after June 1, 2034, Seagate HDD Cayman may redeem some or all of the 2034 Notes at a redemption price equal to 100% of the principal amount of the 2034 Notes redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. At July 2, 2021, future principal payments on long-term debt were as follows (in millions): Fiscal Year Amount 2022 $ 245 2023 566 2024 525 2025 504 2026 381 Thereafter 2,995 Total $ 5,216

Income Taxes

Income Taxes	12 Months Ended
	Jul. 02, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income before income taxes consisted of the following: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, U.S. $ 191 $ 121 $ 275 Non-U.S. 1,157 911 1,097 $ 1,348 $ 1,032 $ 1,372 The provision (benefit) for income taxes consisted of the following: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Current income tax expense: U.S. $ — $ — $ — Non-U.S. 38 36 45 Total Current 38 36 45 Deferred income tax benefit: U.S. 8 (18) (678) Non-U.S. (12) 10 (7) Total Deferred (4) (8) (685) Provision (benefit) for income taxes $ 34 $ 28 $ (640) The significant components of the Company’s deferred tax assets and liabilities were as follows (in millions): Fiscal Years Ended (Dollars in millions) July 2, July 3, Deferred tax assets Accrued warranty $ 31 $ 35 Inventory carrying value adjustments 39 30 Receivable allowances 15 11 Accrued compensation and benefits 66 55 Depreciation 47 59 Restructuring accruals 1 9 Other accruals and deferred items 25 22 Net operating losses 698 735 Tax credit carryforwards 628 603 Other assets 1 7 Gross: Deferred tax assets 1,551 1,566 Less: Valuation allowance (429) (438) Net: Deferred tax assets 1,122 1,128 Deferred tax liabilities Unremitted earnings of certain non-U.S. entities (5) (16) Acquisition-related Items (5) (8) Other liabilities (9) (5) Net: Deferred tax liabilities (19) (29) Total net deferred tax assets $ 1,103 $ 1,099 At July 2, 2021, the Company recorded $1.1 billion of net deferred tax assets. The realization of most of these deferred tax assets is primarily dependent on the Company’s ability to generate sufficient U.S. and certain non-Irish taxable income in future periods. Although realization is not assured, the Company’s management believes it is more likely than not that these deferred tax assets will be realized. The amount of deferred tax assets considered realizable, however, may increase or decrease in subsequent periods when the Company re-evaluates the underlying basis for its estimates of future U.S. and certain non-Irish taxable income. The deferred tax asset valuation allowance decreased by $9 million in fiscal year 2021. At July 2, 2021, the Company had U.S. and non-U.S. tax net operating loss carryforwards of approximately $4.6 billion and $65 million, respectively, which will expire at various dates beginning in fiscal year 2022, if not utilized. Net operating loss carryforwards of approximately $103 million are scheduled to expire in fiscal year 2022. At July 2, 2021, the Company had U.S. tax credit carryforwards of $731 million which will expire at various dates beginning in fiscal year 2022 if not utilized. As of July 2, 2021, approximately $222 million and $108 million of the Company’s total U.S. net operating loss and tax credit carryforwards, respectively, are subject to annual limitations ranging from $1 million to $45 million pursuant to U.S. tax law. For purposes of the reconciliation between the provision (benefit) for income taxes at the statutory rate and the effective tax rate, the Irish statutory rate of 25% was applied as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Provision at statutory rate $ 337 $ 258 $ 343 Permanent differences 8 (1) 3 Valuation allowance (2) (16) (742) Earnings taxed at less than statutory rate (287) (193) (234) Research Credit (27) (27) (38) Tax expense related to intercompany transactions — — 23 Other individually immaterial items 5 7 5 Provision (benefit) for income taxes $ 34 $ 28 $ (640) A substantial portion of the Company's operations in Malaysia, Singapore and Thailand operate under various tax incentive programs, which expire in whole or in part at various dates through 2025. Certain tax incentives may be extended if specific conditions are met. The net impact of these tax incentive programs was to increase the Company's net income by approximately $226 million in fiscal year 2021 ($0.92 per share, diluted), to increase the Company's net income by approximately $206 million in fiscal year 2020 ($0.78 per share, diluted) and to increase the Company’s net income by approximately $194 million in fiscal year 2019 ($0.68 per share, diluted). The Company consists of an Irish tax resident parent holding company with various U.S. and non-U.S. subsidiaries that operate in multiple non-Irish taxing jurisdictions. The amount of temporary differences (including undistributed earnings) related to outside basis differences in the stock of non-Irish resident subsidiaries considered indefinitely reinvested outside of Ireland for which Irish income taxes have not been provided as of July 2, 2021, was approximately $4.0 billion. If such amounts were remitted to Ireland as a dividend, income tax at 25%, or approximately $1.0 billion would result. As of July 2, 2021, and July 3, 2020, the Company had approximately $108 million and $89 million, respectively, of unrecognized tax benefits excluding interest and penalties. These amounts, if recognized, would impact the effective tax rate subject to certain future valuation allowance offsets. The following table summarizes the activities related to the Company’s gross unrecognized tax benefits: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Balance of unrecognized tax benefits at the beginning of the year $ 89 $ 83 $ 60 Gross increase for tax positions of prior years 7 — 22 Gross decrease for tax positions of prior years (1) (1) (9) Gross increase for tax positions of current year 15 8 16 Gross decrease for tax positions of current year — — — Settlements (1) (1) — Lapse of statutes of limitation (1) — (6) Non-U.S. exchange gain — — — Balance of unrecognized tax benefits at the end of the year $ 108 $ 89 $ 83 It is the Company’s policy to include interest and penalties related to unrecognized tax benefits in the provision for income taxes on the Consolidated Statements of Operations. During fiscal year 2021, the Company recognized net income tax benefit for interest and penalties of less than $1 million, as compared to net tax benefit of less than $1 million during fiscal year 2020, and net tax benefit of $2 million during fiscal year 2019. As of July 2, 2021, the Company’s accrued interest and penalties related to unrecognized tax benefits remains unchanged at less than $1 million compared with fiscal year 2020. During the 12 months beginning July 3, 2021, the Company expects that its unrecognized tax benefits could be reduced by less than $1 million as a result of the expiration of certain statutes of limitation.

Leases, Codification Topic 842

Leases, Codification Topic 842	12 Months Ended
	Jul. 02, 2021
Leases [Abstract]
Lessee, Operating Leases	The Company is a lessee in several operating leases related to real estate facilities for warehouse and office space. The Company’s lease arrangements comprise operating leases with various expiration dates through 2067. The lease term includes the non-cancelable period of the lease, adjusted for options to extend or terminate the lease when it is reasonably certain that an option will be exercised. Operating lease costs include short-term lease costs and are shown net of immaterial sublease income. The components of lease costs and other information related to leases were as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, Operating lease cost $ 15 22 Variable lease cost 4 4 Total lease cost $ 19 26 Operating cash outflows from operating leases $ 19 18 Prior to fiscal year 2020, the Company recognized rent expense for operating leases under the legacy guidance ASC 840. Total rent expense for all land, facility and equipment operating leases, net of sublease income, was $18 million for fiscal year 2019. July 2, July 3, Weighted-average remaining lease term 7.2 years 13.2 years Weighted-average discount rate 6.02 % 6.53 % ROU assets and lease liabilities are included on the Company’s Consolidated Balance Sheet as follows: (Dollars in millions) Balance Sheet Location July 2, July 3, ROU assets Other assets, net $ 97 $ 103 Current lease liabilities Accrued expenses 15 14 Non-current lease liabilities Other non-current liabilities 39 49 At July 2, 2021, future lease payments included in the measurement of lease liabilities were as follows (in millions): Fiscal Year Amount 2022 $ 15 2023 12 2024 8 2025 5 2026 4 Thereafter 21 Total lease payments 65 Less: imputed interest (11) Present value of lease liabilities $ 54

Restructuring and Exit Costs

Restructuring and Exit Costs	12 Months Ended
	Jul. 02, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Exit Costs	Restructuring and Exit Costs During fiscal years 2021 and 2020, the Company recorded restructuring charges of $8 million and $82 million, respectively, comprised primarily of charges related to workforce reduction costs and facilities and other exit costs associated with the restructuring of its workforce. During fiscal year 2019, the Company recorded a net gain of $22 million that included a gain from the sale of a certain property. The Company’s significant restructuring plans are described below. All restructuring charges are reported in Restructuring and other, net on the Consolidated Statements of Operations. June 2020 Plan - On June 1, 2020, the Company committed to a restructuring plan (the “June 2020 Plan”) consistent with its long-term strategy to drive operational efficiencies, reduce its cost structure and invest in future opportunities. The June 2020 Plan included consolidating the Company’s Minnesota facilities into one location and reducing its headcount worldwide by approximately 500 employees. The June 2020 Plan was substantially completed during the first quarter of fiscal year 2021. December 2017 Plan - On December 8, 2017, the Company committed to a restructuring plan (the “December 2017 Plan”) to reduce its cost structure. The December 2017 Plan included reducing the Company’s global headcount by approximately 500 employees. The December 2017 Plan was substantially completed during fiscal year 2018. The following table summarizes the Company’s restructuring activities under all of the Company’s active restructuring plans for fiscal years 2021, 2020 and 2019: June 2020 Plan December 2017 Plan Other Plans (Dollars in millions) Workforce Reduction Costs Facilities and Other Exit Costs Workforce Reduction Costs Facilities and Other Exit Costs Workforce Reduction Costs Facilities and Other Exit Costs Total Accrual balances at June 29, 2018 $ — $ — $ 5 $ 4 $ 14 $ 19 $ 42 Restructuring charges — — — 3 41 10 54 Cash payments — — (5) (5) (43) (12) (65) Adjustments — — — (1) 1 (1) (1) Accrual balances at June 28, 2019 — — — 1 13 16 30 Lease adoption adjustment — — — — — (11) (11) Restructuring charges 56 2 — — 26 2 86 Cash payments (18) — — (1) (30) (4) (53) Adjustments — — — — (4) — (4) Accrual balances at July 3, 2020 38 2 — — 5 3 48 Restructuring charges — — — — 6 8 14 Cash payments (37) (1) — — (10) (5) (53) Adjustments — — — — — (1) (1) Accrual balances at July 2, 2021 $ 1 $ 1 $ — $ — $ 1 $ 5 $ 8 Total costs incurred to date as of July 2, 2021 $ 56 $ 2 $ 26 $ 8 $ 156 $ 52 $ 300 Total expected costs to be incurred as of July 2, 2021 $ — $ 7 $ — $ — $ — $ — $ 7 The accrued restructuring balance of $8 million at July 2, 2021 is included in Accrued expenses in the Company’s Consolidated Balance Sheet. During fiscal year 2021, the Company recognized a gain of $3 million from the sale of a certain property and a gain of $2 million from termination of an operating lease, which are reported in Restructuring and other, net on the Company’s Condensed Consolidated Statements of Operations. During fiscal year 2019, the Company sold a certain property, which was previously classified as assets held for sale and recognized a gain of approximately $78 million. The Company also recorded an impairment charge of $3 million on its held for sale land and building during fiscal year 2019. The gain and impairment charge were included in Restructuring and other, net in the Company’s Consolidated Statements of Operations.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Jul. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company is exposed to foreign currency exchange rate, interest rate and to a lesser extent, equity market risks relating to its ongoing business operations. From time to time, the Company enters into cash flow hedges in the form of foreign currency forward exchange contracts in order to manage the foreign currency exchange rate risk on forecasted expenses and investments denominated in foreign currencies. In the quarter ended October 4, 2019, the Company entered into certain interest rate swap agreements with a notional amount of $500 million to convert the variable interest rate on its Term Loan to fixed interest rates. The contracts will mature on September 16, 2025. The notional amount of the interest rate swap agreements was $481 million as of July 2, 2021. The objective of the interest rate swap agreements is to eliminate the variability of interest payment cash flows associated with the variable interest rates under the Term Loan. The Company designated the interest rate swaps as cash flow hedges. The Company’s accounting policies for these instruments are based on whether the instruments are classified as designated or non-designated hedging instruments. The Company records all derivatives on its Consolidated Balance Sheets at fair value. The changes in the fair value of highly effective designated cash flow hedges are recorded in Accumulated other comprehensive loss until the hedged item is recognized in earnings. Derivatives that are not designated as hedging instruments or are not assessed to be highly effective are adjusted to fair value through earnings. The amount of net unrealized loss on cash flow hedges was $18 million and $24 million as of July 2, 2021 and July 3, 2020. respectively. As of July 2, 2021, the amount of existing net losses related to cash flow hedges recorded in Accumulated other comprehensive loss included a net loss of $5 million that is expected to be reclassified to earnings within twelve months. The Company de-designates its cash flow hedges when the forecasted hedged transactions affects earnings or it is probable the forecasted hedged transactions will not occur in the initially identified time period. At such time, the associated gains and losses deferred in Accumulated other comprehensive loss on the Company’s Consolidated Balance Sheets are reclassified into earnings and any subsequent changes in the fair value of such derivative instruments are immediately reflected in earnings. The Company recognized a net gain of $14 million in Cost of revenue and a net loss of $7 million in Interest expense related to the loss of hedge designation on discontinued cash flow hedges during fiscal year 2021. The Company recognized a net loss of $3 million in Other expense, net related to the loss of hedge designation on discontinued cash flow hedges during fiscal year 2020. The Company did not recognize any material amounts related to the loss of hedge designation on discontinued cash flow hedges during the fiscal year 2019. Other derivatives not designated as hedging instruments consist of foreign currency forward exchange contracts that the Company uses to hedge the foreign currency exposure on forecasted expenditures denominated in currencies other than the U.S. dollar. The Company recognizes gains and losses on these contracts, as well as the related costs in Other, net on its Consolidated Statements of Operations. The following tables show the total notional value of the Company’s outstanding foreign currency forward exchange contracts as of July 2, 2021 and July 3, 2020. All of the foreign currency forward exchange contracts mature within 12 months. As of July 2, 2021 (Dollars in millions) Contracts Designated as Hedges Contracts Not Designated as Hedges Singapore Dollar $ 172 $ 43 Thai Baht 131 46 Chinese Renminbi 73 21 British Pound Sterling 54 16 $ 430 $ 126 As of July 3, 2020 (Dollars in millions) Contracts Designated as Hedges Contracts Not Designated as Hedges Singapore Dollar $ 187 $ 56 Thai Baht 157 42 Chinese Renminbi 81 25 British Pound Sterling 64 20 $ 489 $ 143 The Company is subject to equity market risks due to changes in the fair value of the notional investments selected by its employees as part of its non-qualified deferred compensation plan: the Seagate Deferred Compensation Plan (the “SDCP”). In fiscal year 2014, the Company entered into a Total Return Swap (“TRS”) in order to manage the equity market risks associated with the SDCP’s liabilities. The Company pays a floating rate, based on LIBOR plus an interest rate spread, on the notional amount of the TRS. The TRS is designed to substantially offset changes in the SDCP’s liabilities due to changes in the value of the investment options made by employees. As of July 2, 2021, the notional investments underlying the TRS amounted to $126 million. The contract term of the TRS is through January 2022 and is settled on a monthly basis, therefore limiting counterparty performance risk. The Company did not designate the TRS as a hedge. Rather, the Company records all changes in the fair value of the TRS to earnings to offset the market value changes of the SDCP’s liabilities. The following tables show the Company’s derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets as of July 2, 2021 and July 3, 2020: As of July 2, 2021 Derivative Assets Derivative Liabilities (Dollars in millions) Balance Sheet Fair Balance Sheet Fair Derivatives designated as hedging instruments: Foreign currency forward exchange contracts Other current assets $ 1 Accrued expenses $ (5) Interest rate swap Other current assets — Accrued expenses (14) Derivatives not designated as hedging instruments: Foreign currency forward exchange contracts Other current assets 1 Accrued expenses (2) Total return swap Other current assets 2 Accrued expenses — Total derivatives $ 4 $ (21) As of July 3, 2020 Derivative Assets Derivative Liabilities (Dollars in millions) Balance Sheet Fair Balance Sheet Fair Derivatives designated as hedging instruments: Foreign currency forward exchange contracts Other current assets $ 3 Accrued expenses $ — Interest rate swap Other current assets — Accrued expenses $ (27) Derivatives not designated as hedging instruments: Foreign currency forward exchange contracts Other current assets 2 Accrued expenses (2) Total return swap Other current assets 1 Accrued expenses — Total derivatives $ 6 $ (29) The following tables show the effect of the Company’s derivative instruments on the Consolidated Statement of Comprehensive Income and Consolidated Statement of Operations for the fiscal year ended July 2, 2021: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Amount of Gain/(Loss) Recognized in Foreign currency forward exchange contracts Other, net $ 10 Total return swap Operating expenses 30 (Dollars in millions) Derivatives Designated as Hedging Instruments Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion) Location of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain/(Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain/(Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward exchange contracts $ 7 Cost of revenue $ 14 Other, net $ 1 Interest rate swap 8 Interest expense (7) Interest expense — The following table shows the effect of the Company’s derivative instruments on the Consolidated Statement of Comprehensive Income and Consolidated Statement of Operations for the fiscal year ended July 3, 2020: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Amount of Gain/(Loss) Recognized in Foreign currency forward exchange contracts Other, net $ (2) Total return swap Operating expenses 2

Fair Value

Fair Value	12 Months Ended
	Jul. 02, 2021
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Measurement of Fair Value Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy A fair value hierarchy is based on whether the market participant assumptions used in determining fair value are obtained from independent sources (observable inputs) or reflects the Company's own assumptions of market participant valuation (unobservable inputs). A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs that may be used to measure fair value are: Level 1 - Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 - Quoted prices for identical assets and liabilities in markets that are inactive; quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; or Level 3 - Prices or valuations that require inputs that are both unobservable and significant to the fair value measurement. The Company considers an active market to be one in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, and views an inactive market as one in which there are few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers. Where appropriate, the Company’s or the counterparty’s non-performance risk is considered in determining the fair values of liabilities and assets, respectively. Items Measured at Fair Value on a Recurring Basis The following tables present the Company’s assets and liabilities, by financial instrument type and balance sheet line item that are measured at fair value on a recurring basis, excluding accrued interest components, as of July 2, 2021: Fair Value Measurements at Reporting Date Using (US Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Money market funds $ 551 $ — $ — $ 551 Time deposits and certificates of deposit — — — — Total cash equivalents 551 — — 551 Restricted cash and investments: Money market funds 1 — — 1 Time deposits and certificates of deposit — 1 — 1 Other debt securities — — 18 18 Derivative assets — 4 — 4 Total assets $ 552 $ 5 $ 18 $ 575 Liabilities: Derivative liabilities $ — $ 21 $ — $ 21 Total liabilities $ — $ 21 $ — $ 21 Fair Value Measurements at Reporting Date Using (US Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Cash and cash equivalents $ 551 $ — $ — $ 551 Other current assets 1 5 — 6 Other assets, net — — 18 18 Total assets $ 552 $ 5 $ 18 $ 575 Liabilities: Accrued expenses $ — $ 21 $ — $ 21 Total liabilities $ — $ 21 $ — $ 21 The following tables present the Company’s assets and liabilities, by financial instrument type and balance sheet line item that are measured at fair value on a recurring basis, excluding accrued interest components, as of July 3, 2020: Fair Value Measurements at Reporting Date Using (US Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Money market funds $ 494 $ — $ — $ 494 Time deposits and certificates of deposit — 55 — 55 Total cash equivalents 494 55 — 549 Restricted cash and investments: Money market funds 1 — — 1 Time deposits and certificates of deposit — 1 — 1 Other debt securities — — 18 18 Derivative assets — 6 — 6 Total assets $ 495 $ 62 $ 18 $ 575 Liabilities: Derivative liabilities $ — $ 29 $ — $ 29 Total liabilities $ — $ 29 $ — $ 29 Fair Value Measurements at Reporting Date Using (Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Cash and cash equivalents $ 494 $ 55 $ — $ 549 Other current assets 1 7 — 8 Other assets, net — — 18 18 Total assets $ 495 $ 62 $ 18 $ 575 Liabilities: Accrued expense $ — $ 29 $ — $ 29 Total liabilities $ — $ 29 $ — $ 29 The Company classifies items in Level 1 if the financial assets consist of securities for which quoted prices are available in an active market. The Company classifies items in Level 2 if the financial asset or liability is valued using observable inputs. The Company uses observable inputs including quoted prices in active markets for similar assets or liabilities. Level 2 assets include: agency bonds, corporate bonds, commercial paper, municipal bonds, U.S. Treasuries, time deposits and certificates of deposit. These debt investments are priced using observable inputs and valuation models which vary by asset class. The Company uses a pricing service to assist in determining the fair value of all of its cash equivalents. For the cash equivalents in the Company’s portfolio, multiple pricing sources are generally available. The pricing service uses inputs from multiple industry standard data providers or other third-party sources and various methodologies, such as weighting and models, to determine the appropriate price at the measurement date. The Company corroborates the prices obtained from the pricing service against other independent sources and, as of July 2, 2021, has not found it necessary to make any adjustments to the prices obtained. The Company’s derivative financial instruments are also classified within Level 2. The Company’s derivative financial instruments consist of foreign currency forward exchange contracts, interest rate swaps and the TRS. The Company recognizes derivative financial instruments in its consolidated financial statements at fair value. The Company determines the fair value of these instruments by considering the estimated amount it would pay or receive to terminate these agreements at the reporting date. Items Measured at Fair Value on a Non-Recurring Basis From time to time, the Company enters into certain strategic investments for the promotion of business and strategic objectives, which are accounted for either under the equity method or the measurement alternative. If measured at fair value in the Consolidated Balance Sheets, these investments would generally be classified in Level 3 of the fair value hierarchy. For the investments that are accounted for under the equity method, the Company recorded a net gain of $48 million in fiscal year 2021, a net loss of $2 million and $2 million in fiscal year 2020 and 2019, respectively. The adjusted carrying value of the investments accounted for under the equity method amounted to $78 million and $29 million as of July 2, 2021 and July 3, 2020 respectively. For the investments that are accounted for under the measurement alternative, Company recorded $51 million of net gains in fiscal year 2021, of which $27 million is unrealized as of July 2, 2021 related to upward adjustments due to observable price changes. For fiscal year 2021 and 2020, the Company recorded downward adjustments of $12 million and $18 million, respectively, to write down the carrying amount of certain investments to their fair value. As of July 2, 2021, and July 3, 2020, the carrying value of the Company’s strategic investments under the measurement alternative was $117 million and $106 million, respectively. The Company’s debt is carried at amortized cost. The estimated fair value of the Company’s debt is derived using the closing price of the same debt instruments as of the date of valuation, which takes into account the yield curve, interest rates and other observable inputs. Accordingly, these fair value measurements are categorized as Level 2. The following table presents the fair value and amortized cost of the Company’s debt in order of maturity: July 2, 2021 July 3, 2020 (Dollars in millions) Carrying Estimated Carrying Estimated 4.250% Senior Notes due March 2022 $ 220 $ 224 $ 229 $ 237 4.750% Senior Notes due June 2023 541 578 546 576 4.875% Senior Notes due March 2024 499 544 498 541 4.750% Senior Notes due January 2025 479 529 479 517 4.875% Senior Notes due June 2027 504 561 504 549 4.091% Senior Notes due June 2029 461 519 456 523 3.125% Senior Notes due July 2029 500 488 — — 4.125% Senior Notes due January 2031 499 513 499 524 3.375% Senior Notes due July 2031 500 487 — — 5.750% Senior Notes due December 2034 489 566 489 543 LIBOR Based Term Loan due September 2025 481 478 500 490 $ 5,173 $ 5,487 $ 4,200 $ 4,500 Less: debt issuance costs (34) — (25) — Debt, net of debt issuance costs $ 5,139 $ 5,487 $ 4,175 $ 4,500 Less: current portion of debt, net of debt issuance costs (245) (249) (19) (19) Long-term debt, less current portion, net of debt issuance costs $ 4,894 $ 5,238 $ 4,156 $ 4,481

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Jul. 02, 2021
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Share Capital The Company’s authorized share capital is $13,500 and consists of 1,250,000,000 ordinary shares, par value $0.00001, of which 227,382,980 shares were outstanding as of July 2, 2021, and 100,000,000 preferred shares, par value $0.00001, of which none were issued or outstanding as of July 2, 2021. On May 18, 2021, in connection with a corporate reorganization, a new Irish public limited company, STX, began serving as the publicly traded parent company, and pursuant to a scheme of arrangement under Irish law, each STUC ordinary shareholder received one ordinary share, par value $0.00001, of STX on a one-for-one basis. As of May 18, 2021, there were 227,340,817 ordinary shares of $0.0001 par value per share exchanged in connection with the reorganization. Ordinary shares - Holders of ordinary shares are entitled to receive dividends when and as declared by the Company’s board of directors (the “Board of Directors”). Upon any liquidation, dissolution, or winding up of the Company, after required payments are made to holders of preferred shares, any remaining assets of the Company will be distributed ratably to holders of the preferred and ordinary shares. Holders of shares are entitled to one vote per share on all matters upon which the ordinary shares are entitled to vote, including the election of directors. Preferred shares - The Company may issue preferred shares in one or more series, up to the authorized amount, without shareholder approval. The Board of Directors is authorized to establish from time to time the number of shares to be included in each series, and to fix the rights, preferences and privileges of the shares of each wholly unissued series and any of its qualifications, limitations or restrictions. The Board of Directors can also increase or decrease the number of shares of a series, but not below the number of shares of that series then outstanding, without any further vote or action by the shareholders. The Board of Directors may authorize the issuance of preferred shares with voting or conversion rights that could harm the voting power or other rights of the holders of the ordinary shares. The issuance of preferred shares, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or preventing a change in control of the Company and might harm the market price of its ordinary shares and the voting and other rights of the holders of ordinary shares. Repurchases of Equity Securities All repurchases are effected as redemptions in accordance with the Company’s Constitution. The Company’s Board of Directors increased the authorization for the repurchase of its outstanding ordinary shares by $3.0 billion on October 21, 2020, and $2.0 billion on February 22, 2021. As of July 2, 2021, $4.2 billion remained available for repurchase under the existing repurchase authorization limit. The following table sets forth information with respect to repurchases of the Company’s ordinary shares during fiscal years 2021, 2020 and 2019: (In millions) Number of Shares Repurchased Dollar Value of Shares Repurchased Cumulative repurchased through June 29, 2018 352 $ 10,502 Repurchased in fiscal year 2019 (1) 22 997 Cumulative repurchased through June 28, 2019 374 11,499 Repurchased in fiscal year 2020 (1) 18 887 Cumulative repurchased through July 3, 2020 392 12,386 Repurchased in fiscal year 2021 (1) 34 2,081 Cumulative repurchased through July 2, 2021 426 $ 14,467 ___________________________________________________ (1) For fiscal years 2021, 2020 and 2019, includes net share settlements of $33 million, $40 million and $31 million for 1 million, 1 million and 1 million shares, respectively, in connection with tax withholding related to vesting of restricted share units .

Share-based Compensation

Share-based Compensation	12 Months Ended
	Jul. 02, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation	Share-Based Compensation Share-Based Compensation Plans The Company’s share-based compensation plans have been established to promote the Company’s long-term growth and financial success by providing incentives to its employees, directors and consultants through grants of share-based awards. The provisions of the Company's share-based benefit plans, which allow for the grant of various types of equity-based awards, are also intended to provide greater flexibility to maintain the Company's competitive ability to attract, retain and motivate participants for the benefit of the Company and its shareholders. Seagate Technology Holdings plc 2012 Equity Incentive Plan (the “EIP”). On October 26, 2011, the shareholders approved the EIP and authorized the issuance of up to a total of approximately 27.0 million ordinary shares, par value $0.00001 per share, plus any shares remaining available for grant under the Seagate Technology plc 2004 Share Compensation Plan (the “SCP”) as of the effective date of the EIP (which was equal to approximately 11.0 million ordinary shares as of the effective date of the EIP and which will increase by such additional number of shares as will be returned to the share reserve in respect of awards previously granted under the SCP) (together, the “Share Reserve”). On October 22, 2014, the shareholders authorized the issuance under the EIP of an additional 25.0 million ordinary shares, par value $0.00001 per share. On October 19, 2016, the shareholders authorized the issuance under the EIP of an additional 7.5 million ordinary shares, par value $0.00001 per share. On October 29, 2019, the shareholders authorized the issuance under the EIP of an additional 12.1 million ordinary shares, par value $0.00001 per share. Any shares that are subject to options or share appreciation rights granted under the EIP will be counted against the Share Reserve as one share for every one share granted, and any shares that are subject to restricted share units (“RSUs”) or performance-based share units (“PSU”) (collectively, “Full-Value Share Awards” ) will generally be counted, after October 29, 2019, against the Share Reserve as 2.25 shares for every one share granted. As of July 2, 2021, there were approximately 19.0 million ordinary shares available for issuance of Full-Value Share Awards under the EIP. Dot Hill Systems 2009 Equity Incentive Plan (the “DHEIP”) . Effective May 18, 2021, Seagate Technology Holdings plc assumed the Dot Hill Systems 2009 Equity Incentive Plan, which was acquired by STUC effective October 6, 2015. The Company assumed the remaining authorized but unused share reserve of approximately 2.0 million shares, based on the conversion ratio, from the DHEIP on the acquisition date. Effective April 24, 2019, the Company terminated the DHEIP and thus, no further grants will be made under the DHEIP. Outstanding awards granted under the DHEIP will remain subject to the terms of the DHEIP. Seagate Technology Holdings plc Employee Stock Purchase Plan (the “ESPP”). There are 60.0 million ordinary shares authorized to be issued under the ESPP. The ESPP consists of a six Equity Awards RSUs generally vest over a period of four years, with cliff vesting of a portion of each award occurring annually, subject to continuous employment with the Company through the vesting date. Options generally vest as follows: 25% of the options will vest on the first anniversary of the vesting commencement date and the remaining 75% will vest ratably each month thereafter over the next 36 months. Options granted under the EIP and SCP have an exercise price equal to the fair market value of the Company’s ordinary shares on the grant date. Fair market value is defined as the closing price of the Company's ordinary shares on NASDAQ on the grant date. The Company granted PSUs to its senior executive officers under the SCP and the EIP where vesting is subject to both the continued employment of the participant by the Company and the achievement of certain financial and operational performance goals established by the Compensation Committee of the Company’s Board of Directors. A single PSU represents the right to receive a single ordinary share of the Company. During fiscal years 2021, 2020 and 2019, the Company granted 0.3 million, 0.3 million and 0.4 million PSUs, respectively, where performance is measured based on a three-year average return on invested capital (“ROIC”) goal and a relative total shareholder return (“TSR”) goal, which is based on the Company’s ordinary shares measured against a benchmark TSR of a peer group over the same three-year period (the “TSR/ROIC” awards). These awards vest after the end of the performance period of three years from the grant date. A percentage of these units may vest only if at least the minimum ROIC goal is met regardless of whether the TSR goal is met. The number of share units to vest will range from 0% to 200% of the targeted units. In evaluating the fair value of these units, the Company used a Monte Carlo simulation on the grant date, taking the market-based TSR goal into consideration. Compensation expense related to these units is only recorded in a period if it is probable that the ROIC goal will be met, and it is to be recorded at the expected level of achievement. The Company also granted 0.1 million, 0.1 million and 0.1 million PSUs during fiscal years 2021, 2020 and 2019, respectively, to its senior executive officers which are subject to a performance goal related to the Company's adjusted earnings per share (“AEPS”). These awards have a maximum seven seven Determining Fair Value of Seagate Technology Share Plans Valuation and amortization method - The Company estimates the fair value of granted share options, RSUs and PSUs subject to an AEPS condition granted using the Black-Scholes-Merton valuation model and a single share award approach. This fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period or the remaining service (vesting) period. Expected Term - Expected term represents the period that the Company’s share-based awards are expected to be outstanding and was determined based on historical experience of similar awards, giving consideration to the contractual terms of the share-based awards, vesting schedules and expectations of future employee behavior as influenced by changes to the terms of its share-based awards. Expected Volatility - The Company uses a combination of the implied volatility of its traded options and historical volatility of its share price. Expected Dividend - The Black-Scholes-Merton valuation model calls for a single expected dividend yield as an input. The dividend yield is determined by dividing the expected per share dividend during the coming year by the grant date share price. The expected dividend assumption is based on the Company’s current expectations about its anticipated dividend policy. Also, because the expected dividend yield should reflect marketplace participants’ expectations, the Company does not incorporate changes in dividends anticipated by management unless those changes have been communicated to or otherwise are anticipated by marketplace participants. Risk-Free Interest Rate - The Company bases the risk-free interest rate used in the Black-Scholes-Merton valuation model on the implied yield currently available on U.S. Treasury zero-coupon issues with an equivalent remaining term. Where the expected term of the Company's share-based awards do not correspond with the terms for which interest rates are quoted, the Company performed a straight-line interpolation to determine the rate from the available term maturities. The fair value of the Company’s shares related to options and RSUs granted to employees, shares issued from the ESPP and PSUs subject to TSR/ROIC or AEPS conditions for fiscal years 2021, 2020 and 2019 were estimated using the following assumptions: Fiscal Years 2021 2020 2019 Options Expected term (in years) 4.2 4.2 4.2 Volatility 37 - 38% 39 % 39 - 40% Weighted-average volatility 38 % 39 % 39 % Expected dividend rate 3.2 - 5.2% 4.2 % 4.6 - 5.0% Weighted-average expected dividend rate 4.7 % 4.2 % 4.7 % Risk-free interest rate 0.2 - 0.7% 1.4 % 2.5 - 2.8% Weighted-average fair value $ 10.77 $ 12.41 $ 11.49 RSUs Expected term (in years) 1 - 2.5 1 - 2.5 1 - 2.5 Expected dividend rate 2.5 - 5.4% 3.9 - 5.8% 4.1 - 6.4% Weighted-average expected dividend rate 4.6 % 4.3 % 4.7 % Weighted-average fair value $ 50.64 $ 49.49 $ 44.37 ESPP Expected term (in years) 0.5 0.5 0.5 Volatility 39 - 44% 32 - 35% 34 - 42% Weighted-average volatility 42 % 33 % 38 % Expected dividend rate 4.0 - 5.8% 4.3 - 5.4% 4.8 - 5.6% Weighted-average expected dividend rate 5.1 % 4.9 % 5.2 % Risk-free interest rate 0.1% 1.6 - 2.0% 2.2 - 2.4% Weighted-average fair value $ 13.77 $ 12.23 $ 12.18 PSUs subject to TSR/ROIC conditions Expected term (in years) 3.0 3.0 3.0 Volatility 38 % 37 % 46 % Weighted-average volatility 38 % 37 % 46 % Expected dividend rate 5.6 % 4.6 % 5.0 % Weighted-average expected dividend rate 5.6 % 4.6 % 5.0 % Risk-free interest rate 0.2 % 1.5 % 2.8 % Weighted-average fair value $ 43.20 $ 52.39 $ 46.38 PSUs subject to an AEPS condition Expected term (in years) 2.5 2.5 2.5 Expected dividend rate 3.2 - 5.2% 4.2 % 4.6 - 5.0% Weighted-average expected dividend rate 4.9 % 4.2 % 4.7 % Weighted-average fair value $ 45.50 $ 49.27 $ 43.92 Share-Based Compensation Expense The Company recorded $112 million, $109 million and $99 million of share-based compensation during fiscal years 2021, 2020 and 2019, respectively. Management has made an estimate of expected forfeitures and is recognizing compensation costs only for those equity awards expected to vest. When estimating forfeitures, the Company considers voluntary termination behavior as well as the historical analysis of actual forfeited awards. Share Option Activity The Company issues new ordinary shares upon exercise of share options. The following is a summary of option activities: Options Number of Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In years) Aggregate Intrinsic Value (Dollars in millions) Outstanding at July 3, 2020 2.4 $ 44.18 3.7 $ 15 Granted 0.3 $ 53.06 Exercised (1.1) $ 46.62 Forfeitures — $ 30.95 Expirations — $ 65.68 Outstanding at July 2, 2021 1.6 $ 44.24 4.0 $ 69 Vested and expected to vest at July 2, 2021 1.6 $ 44.09 4.0 $ 68 Exercisable at July 2, 2021 1.0 $ 39.94 3.1 $ 47 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s ordinary shares for the options that were in-the-money at July 2, 2021. During fiscal years 2021, 2020 and 2019, the aggregate intrinsic value of options exercised under the Company’s share option plans was $31 million, $22 million and $5 million, respectively, determined as of the date of option exercise. The aggregate fair value of options vested during fiscal years 2021, 2020 and 2019 was approximately $4 million, $6 million and $9 million, respectively. At July 2, 2021, the total compensation cost related to options granted to employees but not yet recognized was approximately $6 million, net of an immaterial amount of estimated forfeitures. This cost is being amortized on a straight-line basis over a weighted-average remaining term of approximately 2.4 years and will be adjusted for subsequent changes in estimated forfeitures. Unvested Awards Activity The following is a summary of unvested award activities which do not contain a performance condition: Unvested Awards Number of Shares (In millions) Weighted-Average Grant-Date Fair Value Unvested at July 3, 2020 4.8 $ 41.77 Granted 3.3 $ 50.64 Forfeitures (0.2) $ 38.06 Vested (2.0) $ 38.28 Unvested at July 2, 2021 5.9 $ 47.81 At July 2, 2021, the total compensation cost related to unvested awards granted to employees but not yet recognized was approximately $204 million, net of estimated forfeitures of approximately $16 million. This cost is being amortized on a straight-line basis over a weighted-average remaining term of 2.5 years and will be adjusted for subsequent changes in estimated forfeitures. The aggregate fair value of unvested awards vested during fiscal years 2021, 2020 and 2019 were approximately $75 million, $71 million and $57 million, respectively. Performance Awards The following is a summary of unvested award activities which contain a performance condition: Performance Awards Number of Shares (In millions) Weighted-Average Grant-Date Fair Value Performance units at July 3, 2020 0.9 $ 42.77 Granted 0.6 $ 38.11 Forfeitures — $ 46.93 Vested (0.5) $ 28.20 Performance units at July 2, 2021 1.0 $ 46.56 At July 2, 2021, the total compensation cost related to performance awards granted to employees but not yet recognized was approximately $23 million, net of estimated forfeitures of approximately $3 million. This cost is being amortized on a straight-line basis over a weighted-average remaining term of 1.5 years. The aggregate fair value of performance awards vested during fiscal years 2021, 2020 and 2019 were approximately $8 million, $12 million and $12 million, respectively. ESPP During fiscal years 2021, 2020 and 2019, the aggregate intrinsic value of shares purchased under the Company's ESPP was approximately $27 million, $19 million and $10 million, respectively. At July 2, 2021, the total compensation cost related to options to purchase the Company's ordinary shares under the ESPP but not yet recognized was approximately $1.4 million. This cost will be amortized on a straight-line basis over a weighted-average period of approximately one month. During fiscal year 2021, the Company issued 1.5 million ordinary shares with a weighted-average exercise price of $38.24 per share. Tax-Deferred Savings Plan The Company has a tax-deferred savings plan, the Seagate 401(k) Plan (the "401(k) plan"), for the benefit of qualified employees. The 401(k) plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to the 401(k) plan on a bi-weekly basis. Pursuant to the 401(k) plan, the Company matches 50% of employee contributions, up to 6% of compensation, subject to maximum annual contributions of $6,000 per participating employee. During fiscal years 2021, 2020 and 2019, the Company made matching contributions of $15 million, $15 million and $16 million, respectively. Deferred Compensation Plan The Company has adopted the SDCP for the benefit of eligible employees. The plan is designed to permit certain discretionary employer contributions, in excess of the tax limits applicable to the 401(k) plan, and to permit employee deferrals in excess of certain tax limits. During fiscal year 2014, the Company entered into a TRS in order to manage the equity market risks associated with the SDCP liabilities. See Note 8. Derivative Financial Instruments contained in this report for additional information about the TRS.

Guarantees

Guarantees	12 Months Ended
	Jul. 02, 2021
Guarantees [Abstract]
Guarantees	Guarantees Indemnifications of Officers and Directors Seagate Technology, an exempted company incorporated with limited liability under the laws of the Cayman Islands (“Seagate-Cayman”) and wholly-owned subsidiary of STX, from time to time enters into indemnification agreements with the directors, officers, employees and agents of STX or any of its subsidiaries (each, an “Indemnitee”). The indemnification agreements provide indemnification in addition to any of Indemnitee’s indemnification rights under any relevant Articles of Association (or similar constitutional document), applicable law or otherwise, and indemnifies an Indemnitee for certain expenses (including attorneys’ fees), judgments, fines and settlement amounts actually and reasonably incurred by him or her in any action or proceeding, including any action by or in the right of STX or any of its subsidiaries, arising out of his or her service as a director, officer, employee or agent of STX or any of its subsidiaries or of any other entity to which he or she provides services at the Company’s request. However, Indemnitees are not indemnified under the indemnification agreements for (i) any fraud or dishonesty in the performance of Indemnitee’s duty to STX or the applicable subsidiary or (ii) Indemnitee’s conscious, intentional or willful failure to act honestly, lawfully and in good faith with a view to the best interests of the Company. In addition, the indemnification agreements provide that Seagate-Cayman will advance expenses incurred by an Indemnitee in connection with enforcement of the indemnification agreement or with the investigation, settlement or appeal of any action or proceeding against him or her as to which he or she could be indemnified. The nature of these indemnification obligations prevents the Company from making a reasonable estimate of the maximum potential amount it could be required to pay on behalf of its officers and directors. Historically, the Company has not made any significant indemnification payments under such indemnification agreements and no amount has been accrued in the Company’s consolidated financial statements with respect to these indemnification obligations. Indemnification Obligations The Company from time to time enters into agreements with customers, suppliers, partners and others in the ordinary course of business that provide indemnification for certain matters including, but not limited to, intellectual property infringement claims, environmental claims and breach of agreement claims. The nature of the Company’s indemnification obligations prevents the Company from making a reasonable estimate of the maximum potential amount it could be required to pay. Historically, the Company has not made any significant indemnification payments under such agreements and no amount has been accrued in the Company’s consolidated financial statements with respect to these indemnification obligations. Product Warranty The Company estimates probable product warranty costs at the time revenue is recognized. The Company generally warrants its products for a period of 1 to 5 years. The Company uses estimated repair or replacement costs and uses statistical modeling to estimate product return rates in order to determine its warranty obligation. As of July 2, 2021, the Company’s reserve for product warranty was $136 million compared to $151 million as of July 3, 2020. This decrease of $15 million was primarily driven by a continued decline in total number of units under warranty and a decrease in the Company’s warranty return rate as compared to prior year. Changes in the Company’s product warranty liability during the fiscal years ended July 2, 2021, July 3, 2020 and June 28, 2019 were as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Balance, beginning of period $ 151 $ 195 $ 237 Warranties issued 76 86 112 Repairs and replacements (81) (85) (99) Changes in liability for pre-existing warranties, including expirations (10) (45) (55) Balance, end of period $ 136 $ 151 $ 195

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jul. 02, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period and the number of additional shares that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options, unvested RSUs and PSUs and shares to be purchased under the ESPP. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in fair market value of the Company’s share price can result in a greater dilutive effect from potentially dilutive securities. The following table sets forth the computation of basic and diluted net income per share attributable to the shareholders of the Company: Fiscal Years Ended (In millions, except per share data) July 2, July 3, June 28, Numerator: Net income $ 1,314 $ 1,004 $ 2,012 Number of shares used in per share calculations: Total shares for purposes of calculating basic net income per share 242 262 282 Weighted-average effect of dilutive securities: Employee equity award plans 3 3 3 Total shares for purposes of calculating diluted net income per share 245 265 285 Net income per share Basic $ 5.43 $ 3.83 $ 7.13 Diluted 5.36 3.79 7.06 The anti-dilutive shares related to employee equity award plans that were excluded from the computation of diluted net income per share were not material for the fiscal years ended July 2, 2021, July 3, 2020 and June 28, 2019.

Commitments

Commitments	12 Months Ended
	Jul. 02, 2021
Commitments Disclosure [Abstract]
Commitments	Commitments Unconditional Long-Term Purchase Obligations. As of July 2, 2021, the Company had unconditional long-term purchase obligations of approximately $161 million, primarily related to purchases of minimum quarterly amounts of inventory components at fixed contractual prices. The Company expects the commitment to total $47 million, $44 million, $32 million, $24 million and $14 million for fiscal years 2023, 2024, 2025, 2026 and thereafter, respectively. Unconditional Long-term Capital Expenditures . As of July 2, 2021, the Company had $65 million unconditional long-term commitment primarily related to purchases of equipment.

Business Segment and Geographic

Business Segment and Geographic Information	12 Months Ended
	Jul. 02, 2021
Segment Reporting [Abstract]
Business Segment and Geographic Information	Business Segment and Geographic Information The Company’s manufacturing operations are based on technology platforms that are used to produce various data storage and systems solutions that serve multiple applications and markets. The Company has determined that its Chief Operating Decision Maker, the Chief Executive Officer, evaluates performance of the Company and makes decisions regarding investments in the Company’s technology platforms and manufacturing infrastructure based on the Company’s consolidated results. As a result, the Company has concluded that its manufacture and distribution of storage solutions constitutes one reporting segment. In fiscal year 2021, one customer accounted for approximately 11% of consolidated revenue. In fiscal years 2020 and 2019, no customer accounted for more than 10% of consolidated revenue. The following table summarizes the Company’s operations by country: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Revenue from external customers (1) : Singapore $ 5,180 $ 5,032 $ 5,085 United States 3,656 3,583 3,310 The Netherlands 1,825 1,572 1,630 Other 20 322 365 Consolidated $ 10,681 $ 10,509 $ 10,390 Long-lived assets: Thailand $ 682 $ 681 $ 558 United States 612 567 523 Singapore 570 601 556 Other 411 376 286 Consolidated $ 2,275 $ 2,225 $ 1,923 ___________________________________ (1) Revenue is attributed to countries based on the bill from location.

Revenue

Revenue	12 Months Ended
	Jul. 02, 2021
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table provides information about disaggregated revenue by sales channel and geographical region for the Company’s single reportable segment: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Revenues by Channel OEMs $ 7,403 $ 7,504 $ 7,261 Distributors 1,854 1,738 1,780 Retailers 1,424 1,267 1,349 Total $ 10,681 $ 10,509 $ 10,390 Revenues by Geography (1) Asia Pacific $ 5,198 $ 5,060 $ 5,115 Americas 3,656 3,583 3,310 EMEA 1,827 1,866 1,965 Total $ 10,681 $ 10,509 $ 10,390 ____________________________________________________

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 02, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared On July 19, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.67 per share, which will be payable on October 6, 2021 to shareholders of record as of the close of business on September 22, 2021.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 02, 2021
Significant Accounting Policies
Basis of Presentation and Consolidation	Basis of Presentation and ConsolidationThe Company’s consolidated financial statements include the accounts of the Company and all its wholly-owned and majority-owned subsidiaries, after elimination of intercompany transactions and balances.
Fiscal Period	The Company operates and reports financial results on a fiscal year of 52 or 53 weeks ending on the Friday closest to June 30. Accordingly, fiscal years 2021 and 2019 were comprised of 52 weeks and ended on July 2, 2021 and June 28, 2019, respectively. Fiscal year 2020 was comprised of 53 weeks and ended on July 3, 2020. All references to years in these Notes to Consolidated Financial Statements represent fiscal years unless otherwise noted. Fiscal year 2026 will also be comprised of 53 weeks and will end on July 3, 2026.
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Cash and Cash Equivalents. The Company considers all highly liquid investments with a remaining maturity of 90 days or less at the time of purchase to be cash equivalents. The Company’s highly liquid investments are primarily comprised of money market funds, time deposits and certificates of deposits. The Company has classified its marketable debt securities as available-for-sale and they are stated at fair value with unrealized gains and losses included in Accumulated other comprehensive loss, which is a component of Shareholders’ Equity. The Company evaluates the available-for sale debt securities in an unrealized loss position for other-than-temporary impairment. Realized gains and losses are included in Other, net on the Company’s Consolidated Statements of Operations. The cost of securities sold is based on the specific identification method. Other cash equivalents are carried at cost, which approximates fair value. Restricted Cash and Cash Equivalents. Restricted cash and cash equivalents represent cash and cash equivalents that are restricted as to withdrawal or use for other than current operations.
Inventory	Inventories. Inventories are valued at the lower of cost (using the first-in, first-out method) and net realizable value. Net realizable value is based upon the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Adjustments to reduce cost of inventories to its net realizable value are made, if required, for estimated excess or obsolescence determined primarily by future demand forecasts.
Property, Equipment and Leasehold Improvements	Property, Equipment and Leasehold Improvements. Property, equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Equipment and buildings are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated life of the asset or the remaining term of the lease. The costs of additions and substantial improvements to property, equipment and leasehold improvements, which extend the economic life of the underlying assets, are capitalized. The cost of maintenance and repairs to property, equipment and leasehold improvements is expensed as incurred.
Assessment of Goodwill and Other Long-Lived Assets for Impairment	Goodwill. The Company performs a qualitative assessment in the fourth quarter of each year, or more frequently if indicators of potential impairment exist, to determine if any events or circumstances exist, such as an adverse change in business climate or a decline in the overall industry that would indicate that it would more likely than not reduce the fair value of a reporting unit below its carrying amount, including goodwill. If it is determined in the qualitative assessment that the fair value of a reporting unit is more likely than not below its carrying amount, including goodwill, then the Company will perform a quantitative impairment test. The quantitative goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. Any excess in the carrying value of a reporting unit over its fair value is recognized as an impairment loss, limited to the total amount of goodwill allocated to that reporting unit. Other Long-lived Assets. The Company tests other long-lived assets, including property, equipment and leasehold improvements and other intangible assets subject to amortization, for recoverability whenever events or changes in circumstances indicate that the carrying value of those assets may not be recoverable. The Company performs a recoverability test to assess the recoverability of an asset group. If the recoverability test indicates that the carrying value of the asset group is not recoverable, the Company will estimate the fair value of the asset group and the excess of the carrying value over the fair value is allocated pro rata to derive the adjusted carrying value of assets in the asset group. The adjusted carrying value of each asset in the asset group is not reduced below its fair value. In accordance with its policy, the Company reviews the estimated useful lives of its fixed assets on an ongoing basis. This review indicated that the actual lives of certain manufacturing equipment at its manufacturing facilities were longer than the estimated useful lives used for depreciation purposes in the Company’s consolidated financial statements. As a result, effective June 29, 2019, the Company changed its estimate of the useful lives of its manufacturing equipment from a range of three to five years to a range of three to seven years. The effect of this change in estimate increased the net income by $134 million for the fiscal year ended July 3, 2020 and increased the diluted earnings per share by $0.51 for the fiscal year ended July 3, 2020. The Company tests other intangible assets not subject to amortization whenever events occur or circumstances change, such as declining financial performance, deterioration in the environment in which the entity operates or deteriorating macroeconomic conditions that have a negative effect on future expected earnings and cash flows that could affect significant inputs used to determine the fair value of the indefinite-lived intangible asset.
Assets Held For Sale	Assets Held for Sale. The Company classifies its long-lived assets to be sold as held for sale in the period (i) it has approved and committed to a plan to sell the asset, (ii) the asset is available for immediate sale in its present condition, (iii) an active program to locate a buyer and other actions required to sell the asset have been initiated, (iv) the sale of the asset is probable, (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value and (vi) it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a long-lived asset that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a long-lived asset until the date of sale. Upon designation as an asset held for sale, the Company stops recording depreciation expense on the asset. The Company assesses the fair value of a long-lived asset less any costs to sell at each reporting period and until the asset is no longer classified as held for sale.
Investment in Debt Security and Payment-in-Kind (PIK) Income	Payment-in-Kind (“PIK”) Income. The Company had a debt investment in non-convertible preferred stock of Toshiba Memory Holdings Corporation ( “ TMHC ” ), now known as Kioxia, that was fully redeemed by TMHC in June 2019. Transaction costs incurred by the Company to acquire this investment were capitalized and amortized as a reduction of interest income on the Consolidated Statements of Operations over the respective term of the investment. The investment contained a PIK income provision, which represented contractual interest that was due upon redemption, and was accrued and recorded as Interest income each reporting period and added to the carrying value of the Investment in debt security.
Derivative Financial Instruments	Derivative Financial Instruments. The Company records all derivatives on the balance sheet at fair value and establishes criteria for designation and effectiveness of hedging relationships. The Company excludes the change in forward points from the assessment of hedge effectiveness and recognizes the excluded component in Other, net in the Consolidated Statements of Operations. Foreign currency forward exchange contracts not designated as hedge instruments are used to economically hedge the foreign currency exposure on forecasted expenditures in currencies other than U.S. dollar. The Company recognizes the unrealized gains and losses due to the changes in the fair value of these contracts, as well as the related costs in Other, net in the Consolidated Statements of Operations.
Establishment of Warranty Accruals	Warranty. The Company estimates probable product warranty costs at the time revenue is recognized. The Company generally provides warranty on its products for a period of 1 to 5 years. The Company's warranty provision considers estimated product failure rates and trends (including the timing of product returns during the warranty periods), and estimated repair or replacement costs related to product quality issues, if any. The Company also exercises judgment in estimating its ability to sell refurbished products. The Company's judgment is subject to a greater degree of subjectivity with respect to newly introduced products because of limited experience with those products upon which to base our warranty estimates.
Revenue Recognition, Sales Returns and Allowances, and Sales Incentive Programs	Revenue Recognition and Sales Incentive Programs. The Company determines revenue recognition through the following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, the Company satisfies a performance obligation. Revenue from sales of products is generally recognized upon transfer of control to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products, net of sales taxes. This typically occurs upon shipment from the Company. When applicable, the Company includes shipping charges billed to customers in Revenue and includes the related shipping costs in Cost of revenue on the Company's Consolidated Statements of Operations. The Company records estimated variable consideration at the time of revenue recognition as a reduction to revenue. Variable consideration generally consists of sales incentive programs, such as price protection and volume incentives aimed at increasing customer demand. For original equipment manufacturers (“OEMs”) sales, rebates are typically established by estimating the most likely amount of consideration expected to be received based on an OEM customer’s volume of purchases from the Company or other agreed upon rebate programs. For the distribution and retail channel, these programs typically involve estimating the most likely amount of rebates related to a customer’s level of sales, order size, advertising or point of sale activity as well as the expected value of price protection adjustments based on historical analysis and forecasted pricing environment. Marketing development program costs are accrued and recorded as a reduction to revenue at the same time that the related revenue is recognized.
Restructuring Costs	Restructuring Costs. The timing of recognition for severance costs depends on whether employees are required to render service until they are terminated in order to receive the termination benefits. If employees are required to render service until they are terminated in order to receive the termination benefits, a liability is recognized ratably over the future service period. Otherwise, a liability is recognized when management has committed to a restructuring plan and has communicated those actions to employees. Employee termination benefit costs covered by existing benefit arrangements are recognized when management has committed to a restructuring plan and the severance costs are probable and estimable.
Advertising Expense	Advertising Expense. The cost of advertising is expensed as incurred. Advertising costs were approximately $13 million, $19 million and $22 million in fiscal years 2021, 2020 and 2019, respectively.
Stock-Based Compensation	Share-Based Compensation. The Company has elected to apply the with-and-without method to assess the realization of related excess tax benefits. The Company also elected to continue to account for share-based compensation expense net of estimated forfeitures. Refer to Note 11. Compensation for details.
Accounting for Income Taxes	Accounting for Income Taxes . The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of tax credits, recognition of income and deductions and calculation of specific tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for income tax and financial statement purposes, as well as tax liabilities associated with uncertain tax positions. The calculation of tax liabilities involves uncertainties in the application of complex tax rules and the potential for future adjustment of the Company’s uncertain tax positions by various taxing authorities. If estimates of these tax liabilities are greater or less than actual results, an additional tax provision or benefit will result. The deferred tax assets the Company records each period depend primarily on the Company’s ability to generate future taxable income in the United States and certain non-U.S. jurisdictions. Each period, the Company evaluates the need for a valuation allowance for its deferred tax assets and, if necessary, adjusts the valuation allowance so that net deferred tax assets are recorded only to the extent the Company concludes it is more likely than not that these deferred tax assets will be realized. If the Company’s outlook for future taxable income changes significantly, the Company’s assessment of the need for, and the amount of, a valuation allowance may also change.
Financial Instruments Remeasurement	Equity Investments. From time to time, the Company enters into certain strategic investments for the promotion of business and strategic objectives, which are accounted for either under equity method or the measurement alternative. These investments are included in Other assets, net in the Company's Consolidated Balance Sheets and are adjusted through Other, net in the Consolidated Statement of Operations. Investments are accounted for under the equity method if the Company has the ability to exercise significant influence, but does not have a controlling financial interest. These investments are measured at cost, less any impairment plus the Company's portion of investee’s income or loss. The Company uses the financial statements of investees to determine any adjustments, which are received on a one-quarter lag. For equity investments where the Company does not have the ability to exercise significant influence and there are no readily determinable fair values, the Company has elected to apply the measurement alternative, under which investments are measured at cost, less impairment, and adjusted for qualifying observable price changes on a prospective basis. The Company’s strategic investments are periodically analyzed to determine whether or not there are indicators of impairment by assessing factors such as deterioration of earnings, adverse change in market/industry conditions, the ability to operate as a going concern, and other factors which indicate that the carrying amount of the investment might not be recoverable. In such a case, the decrease in value is recognized in the period the impairment occurs in the Consolidated Statements of Operations.
Comprehensive Income	Comprehensive Income. The Company presents comprehensive income in a separate statement. Comprehensive income is comprised of net income and other gains and losses affecting equity that are excluded from net income.
Foreign Currency Remeasurement and Translation	Foreign Currency Remeasurement and Translation. The U.S. dollar is the functional currency for the majority of the Company's foreign operations. Monetary assets and liabilities denominated in foreign currencies are remeasured into the functional currency of the subsidiary at the balance sheet date. The gains and losses from the remeasurement of foreign currency denominated balances into the functional currency of the subsidiary are included in Other, net on the Company's Consolidated Statements of Operations. The Company’s subsidiaries that use the U.S. dollar as their functional currency remeasure monetary assets and liabilities at exchange rates in effect at the end of each period, and nonmonetary assets and liabilities at historical rates. The Company translates the assets and liabilities of its non-U.S. dollar functional currency subsidiaries into U.S. dollars using exchange rates in effect at the end of each period. Revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period. Gains and losses from these translations are recognized in foreign currency translation included in Accumulated other comprehensive loss, which is a component of Shareholders’ Equity.
Concentration of Credit Risk	Concentration of Credit Risk. The Company’s customer base is concentrated with a small number of customers. 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 allowances for expected credit losses based upon factors surrounding the credit risk of customers, global macroeconomic conditions and an analysis of specific exposures. One customer accounted for 11% and 11% of the Company’s accounts receivable as of July 2, 2021 and July 3, 2020, respectively, and one customer accounted for 15% of the Company’s accounts receivable as of July 3, 2020. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, investments and foreign currency forward exchange contracts. The Company mitigates concentrations of credit risk in its financial instruments through diversification, by investing in highly-rated securities and/or major multinational companies. 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 and investment banks, and the Company has not incurred and does not expect any losses as a result of counterparty defaults.
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12 (ASC Topic 740), Simplifying the Accounting for Income Taxes. This ASU simplifies accounting for income taxes by removing certain exceptions to the general principles and amending existing guidance to improve consistent application. The Company is required to adopt this guidance in the first quarter of fiscal year 2022. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 (ASC Topic 848), Reference Rate Reform. This ASU provides optional expedients and exceptions for applying U.S. generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. Adoption of the expedients and exceptions is permitted upon issuance of this update through December 31, 2022. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 (ASC Topic 326), Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments . This ASU amends the requirement on the measurement and recognition of expected credit losses for financial assets held to include future conditions in its estimate of expected credit losses. The Company adopted this new accounting pronouncement in the quarter ended October 2, 2020. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. I n August 2018, the FASB issued ASU 2018-15 (ASC Subtopic 350-40), Intangibles—Goodwill and Other - Internal-Use Software—Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract . This ASU aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The Company adopted this new accounting pronouncement in the quarter ended October 2, 2020. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.
Fair Value, Policy	Measurement of Fair Value Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy A fair value hierarchy is based on whether the market participant assumptions used in determining fair value are obtained from independent sources (observable inputs) or reflects the Company's own assumptions of market participant valuation (unobservable inputs). A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs that may be used to measure fair value are: Level 1 - Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 - Quoted prices for identical assets and liabilities in markets that are inactive; quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; or Level 3 - Prices or valuations that require inputs that are both unobservable and significant to the fair value measurement. The Company considers an active market to be one in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, and views an inactive market as one in which there are few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers. Where appropriate, the Company’s or the counterparty’s non-performance risk is considered in determining the fair values of liabilities and assets, respectively.
Leases	Leases. Effective June 29, 2019, the Company adopted a new accounting policy for leases in accordance with Accounting Standard Codification (“ASC”) 842, Leases, using the modified retrospective approach. Accordingly, the Company applied the new lease accounting standard prospectively to leases existing or commencing on or after June 29, 2019. The Company elected to apply the practical expedients which allow for not reassessing whether existing contracts contain leases, the classification of existing leases and whether the existing initial direct costs meet the new definition. In addition, the Company elected to combine lease and non-lease components for facility leases and to not recognize right-of-use (“ROU”) assets and lease liabilities for leases with an initial term of 12 months or less on the balance sheet. The Company determines if an arrangement is a lease or contains a lease at inception. ROU assets are included in Other assets, net and lease liabilities are included in Accrued expenses and Other non-current liabilities on the Company’s Consolidated Balance Sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and the corresponding lease liabilities represent its obligation to make lease payments arising from the lease. Lease liabilities are measured at the present value of the remaining lease payments and ROU assets are based on the lease liability, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs. For the Company’s leases that do not provide an implicit rate, the net present value of future minimum lease payments is determined using the Company’s estimated incremental borrowing rate based on the information available at the lease commencement date. Additionally, the Company’s lease term may include options to extend or terminate the lease. These options are reflected in the ROU asset and lease liability when it is reasonably certain that the Company will exercise the option. The Company’s lease agreements do not contain any material residual value guarantees. The Company recognizes lease expense on a straight-line basis over the lease term. Variable lease payments not dependent on an index or a rate primarily consist of common area maintenance charges, are expensed as incurred, and are not included in the ROU asset and lease liability calculation. The total operating and variable lease costs were included in operating expenses in the Company’s Consolidated Statements of Operations.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy	Allowance for expected credit loss. The Company maintains an allowance for expected credit loss relating to its accounts receivable based upon expected collectability. This reserve is established based upon historical trends, global macroeconomic conditions, reasonable and supportable forecasts of future conditions and an analysis of specific exposures. The provision for expected credit loss is recorded as a charge to Marketing and administrative expense on the Company’s Consolidated Statements of Operations.

Balance Sheet Information (Tabl

Balance Sheet Information (Tables)	12 Months Ended
	Jul. 02, 2021
Disclosure Text Block Supplement [Abstract]
Summary of Debt Securities, Available-for-sale	July 2, 2021: (Dollars in millions) Amortized Unrealized Fair Available-for-sale debt securities: Money market funds $ 552 $ — $ 552 Time deposits and certificates of deposit 1 — 1 Other debt securities 18 — 18 Total $ 571 $ — $ 571 Included in Cash and cash equivalents $ 551 Included in Other current assets 2 Included in Other assets, net 18 Total $ 571 (Dollars in millions) Amortized Unrealized Fair Available-for-sale securities: Money market funds $ 495 $ — $ 495 Time deposits and certificates of deposits 56 — 56 Other debt securities 18 — 18 Total $ 569 $ — $ 569 Included in Cash and cash equivalents $ 549 Included in Other current assets 2 Included in Other assets, net 18 Total $ 569
Fair value and amortized cost of available-for-sale securities by contractual maturity	July 2, 2021 by remaining contractual maturity were as follows: (Dollars in millions) Amortized Fair Due in less than 1 year $ 553 $ 553 Due in 1 to 5 years 10 10 Due in 6 to 10 years — — Thereafter 8 8 Total $ 571 $ 571
Cash, Cash Equivalent, and Restricted Cash	The following table provides a summary of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that reconciles to the corresponding amount in the Consolidated Statements of Cash Flows: (Dollars in millions) July 2, July 3, June 28, June 29, Cash and cash equivalents $ 1,209 $ 1,722 $ 2,220 $ 1,853 Restricted cash included in Other current assets 2 2 31 4 Total cash, cash equivalents and restricted cash shown in the Statements of Cash Flows $ 1,211 $ 1,724 $ 2,251 $ 1,857
Schedule of Cash and Cash Equivalents	The following table provides a summary of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that reconciles to the corresponding amount in the Consolidated Statements of Cash Flows: (Dollars in millions) July 2, July 3, June 28, June 29, Cash and cash equivalents $ 1,209 $ 1,722 $ 2,220 $ 1,853 Restricted cash included in Other current assets 2 2 31 4 Total cash, cash equivalents and restricted cash shown in the Statements of Cash Flows $ 1,211 $ 1,724 $ 2,251 $ 1,857
Accounts Receivable, net	The following table provides details of the accounts receivable, net balance sheet item: (Dollars in millions) July 2, July 3, Accounts receivable $ 1,162 $ 1,120 Allowances for expected credit losses (4) (5) Account receivable, net $ 1,158 $ 1,115
Activity in the allowance for doubtful accounts	Activity in the expected credit losses accounts is as follows: (Dollars in millions) Balance at Beginning of Period Charges (Credit) to Operations Deductions (1) Balance at End of Period Fiscal year ended June 28, 2019 $ 4 — — $ 4 Fiscal year ended July 3 2020 $ 4 1 — $ 5 Fiscal year ended July 2, 2021 $ 5 — (1) $ 4 ______________________________________________ (1) Uncollectible accounts written off, net of recoveries.
Inventories	The following table provides details of the inventory balance sheet item: (Dollars in millions) July 2, July 3, Raw materials and components $ 375 $ 451 Work-in-process 443 313 Finished goods 386 378 Total inventories $ 1,204 $ 1,142
Property, Equipment and Leasehold Improvements, net	The components of property, equipment and leasehold improvements, net were as follows: (Dollars in millions) Useful Life in Years (1) July 2, July 3, Land and land improvements $ 47 $ 48 Equipment 3 – 7 8,250 8,033 Buildings and leasehold improvements Up to 30 1,881 1,848 Construction in progress 200 283 10,378 10,212 Less: accumulated depreciation and amortization (8,197) (8,083) Property, equipment and leasehold improvements, net $ 2,181 $ 2,129
Accrued Expenses	The following table provides details of the accrued expenses balance sheet item: (Dollars in millions) July 2, July 3, Dividends payable $ 153 $ 167 Other accrued expenses 455 435 Total $ 608 $ 602
Accumulated Other Comprehensive Income (Loss)	(Dollars in millions) Unrealized Gains/(Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Post-Retirement Plans Foreign Currency Translation Adjustments Total Balance at June 28, 2019 $ — $ (20) $ (14) $ (34) Other comprehensive loss before reclassifications (27) (7) (2) (36) Amounts reclassified from AOCL to Consolidated Statements of Operations 3 1 — 4 Other comprehensive loss (24) (6) (2) (32) Balance at July 3, 2020 (24) (26) (16) (66) Other comprehensive gain before reclassifications 15 1 15 31 Amounts reclassified from AOCL to Consolidated Statements of Operations (9) 3 — (6) Other comprehensive income 6 4 15 25 Balance at July 2, 2021 $ (18) $ (22) $ (1) $ (41)

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jul. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Expected amortization expense for acquisition-related intangible assets	As of July 2, 2021, expected amortization expense for other intangible assets for each of the next two years is as follows: (Dollars in millions) Amount 2022 $ 20 2023 9 Thereafter — Total $ 29

Debt (Tables)

Debt (Tables)	12 Months Ended
	Jul. 02, 2021
Debt Disclosure [Abstract]
Future principal payments on long-term debt	At July 2, 2021, future principal payments on long-term debt were as follows (in millions): Fiscal Year Amount 2022 $ 245 2023 566 2024 525 2025 504 2026 381 Thereafter 2,995 Total $ 5,216

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 02, 2021
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Tax Expense (Benefit)	consisted of the following: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, U.S. $ 191 $ 121 $ 275 Non-U.S. 1,157 911 1,097 $ 1,348 $ 1,032 $ 1,372
Schedule of Provision For (Benefits From) Income Taxes	The provision (benefit) for income taxes consisted of the following: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Current income tax expense: U.S. $ — $ — $ — Non-U.S. 38 36 45 Total Current 38 36 45 Deferred income tax benefit: U.S. 8 (18) (678) Non-U.S. (12) 10 (7) Total Deferred (4) (8) (685) Provision (benefit) for income taxes $ 34 $ 28 $ (640)
Schedule of Deferred Tax Assets and Liabilities	The significant components of the Company’s deferred tax assets and liabilities were as follows (in millions): Fiscal Years Ended (Dollars in millions) July 2, July 3, Deferred tax assets Accrued warranty $ 31 $ 35 Inventory carrying value adjustments 39 30 Receivable allowances 15 11 Accrued compensation and benefits 66 55 Depreciation 47 59 Restructuring accruals 1 9 Other accruals and deferred items 25 22 Net operating losses 698 735 Tax credit carryforwards 628 603 Other assets 1 7 Gross: Deferred tax assets 1,551 1,566 Less: Valuation allowance (429) (438) Net: Deferred tax assets 1,122 1,128 Deferred tax liabilities Unremitted earnings of certain non-U.S. entities (5) (16) Acquisition-related Items (5) (8) Other liabilities (9) (5) Net: Deferred tax liabilities (19) (29) Total net deferred tax assets $ 1,103 $ 1,099
Schedule of Reconciliation Between the Provision for Income Taxes at the Statutory Rate and the Effective Tax Rate	For purposes of the reconciliation between the provision (benefit) for income taxes at the statutory rate and the effective tax rate, the Irish statutory rate of 25% was applied as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Provision at statutory rate $ 337 $ 258 $ 343 Permanent differences 8 (1) 3 Valuation allowance (2) (16) (742) Earnings taxed at less than statutory rate (287) (193) (234) Research Credit (27) (27) (38) Tax expense related to intercompany transactions — — 23 Other individually immaterial items 5 7 5 Provision (benefit) for income taxes $ 34 $ 28 $ (640)
Schedule of Gross Unrecognized Tax Benefits	The following table summarizes the activities related to the Company’s gross unrecognized tax benefits: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Balance of unrecognized tax benefits at the beginning of the year $ 89 $ 83 $ 60 Gross increase for tax positions of prior years 7 — 22 Gross decrease for tax positions of prior years (1) (1) (9) Gross increase for tax positions of current year 15 8 16 Gross decrease for tax positions of current year — — — Settlements (1) (1) — Lapse of statutes of limitation (1) — (6) Non-U.S. exchange gain — — — Balance of unrecognized tax benefits at the end of the year $ 108 $ 89 $ 83

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables)	12 Months Ended
	Jul. 02, 2021
Leases [Abstract]
Lease, Cost	Operating lease costs include short-term lease costs and are shown net of immaterial sublease income. The components of lease costs and other information related to leases were as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, Operating lease cost $ 15 22 Variable lease cost 4 4 Total lease cost $ 19 26 Operating cash outflows from operating leases $ 19 18 Prior to fiscal year 2020, the Company recognized rent expense for operating leases under the legacy guidance ASC 840. Total rent expense for all land, facility and equipment operating leases, net of sublease income, was $18 million for fiscal year 2019.

Restructuring and Exit Costs (T

Restructuring and Exit Costs (Tables)	12 Months Ended
	Jul. 02, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Cost Type	The following table summarizes the Company’s restructuring activities under all of the Company’s active restructuring plans for fiscal years 2021, 2020 and 2019: June 2020 Plan December 2017 Plan Other Plans (Dollars in millions) Workforce Reduction Costs Facilities and Other Exit Costs Workforce Reduction Costs Facilities and Other Exit Costs Workforce Reduction Costs Facilities and Other Exit Costs Total Accrual balances at June 29, 2018 $ — $ — $ 5 $ 4 $ 14 $ 19 $ 42 Restructuring charges — — — 3 41 10 54 Cash payments — — (5) (5) (43) (12) (65) Adjustments — — — (1) 1 (1) (1) Accrual balances at June 28, 2019 — — — 1 13 16 30 Lease adoption adjustment — — — — — (11) (11) Restructuring charges 56 2 — — 26 2 86 Cash payments (18) — — (1) (30) (4) (53) Adjustments — — — — (4) — (4) Accrual balances at July 3, 2020 38 2 — — 5 3 48 Restructuring charges — — — — 6 8 14 Cash payments (37) (1) — — (10) (5) (53) Adjustments — — — — — (1) (1) Accrual balances at July 2, 2021 $ 1 $ 1 $ — $ — $ 1 $ 5 $ 8 Total costs incurred to date as of July 2, 2021 $ 56 $ 2 $ 26 $ 8 $ 156 $ 52 $ 300 Total expected costs to be incurred as of July 2, 2021 $ — $ 7 $ — $ — $ — $ — $ 7

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Jul. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional value of outstanding foreign currency forward exchange contracts	The following tables show the total notional value of the Company’s outstanding foreign currency forward exchange contracts as of July 2, 2021 and July 3, 2020. All of the foreign currency forward exchange contracts mature within 12 months. As of July 2, 2021 (Dollars in millions) Contracts Designated as Hedges Contracts Not Designated as Hedges Singapore Dollar $ 172 $ 43 Thai Baht 131 46 Chinese Renminbi 73 21 British Pound Sterling 54 16 $ 430 $ 126 As of July 3, 2020 (Dollars in millions) Contracts Designated as Hedges Contracts Not Designated as Hedges Singapore Dollar $ 187 $ 56 Thai Baht 157 42 Chinese Renminbi 81 25 British Pound Sterling 64 20 $ 489 $ 143
Schedule of gross fair value of derivative instruments	The following tables show the Company’s derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets as of July 2, 2021 and July 3, 2020: As of July 2, 2021 Derivative Assets Derivative Liabilities (Dollars in millions) Balance Sheet Fair Balance Sheet Fair Derivatives designated as hedging instruments: Foreign currency forward exchange contracts Other current assets $ 1 Accrued expenses $ (5) Interest rate swap Other current assets — Accrued expenses (14) Derivatives not designated as hedging instruments: Foreign currency forward exchange contracts Other current assets 1 Accrued expenses (2) Total return swap Other current assets 2 Accrued expenses — Total derivatives $ 4 $ (21) As of July 3, 2020 Derivative Assets Derivative Liabilities (Dollars in millions) Balance Sheet Fair Balance Sheet Fair Derivatives designated as hedging instruments: Foreign currency forward exchange contracts Other current assets $ 3 Accrued expenses $ — Interest rate swap Other current assets — Accrued expenses $ (27) Derivatives not designated as hedging instruments: Foreign currency forward exchange contracts Other current assets 2 Accrued expenses (2) Total return swap Other current assets 1 Accrued expenses — Total derivatives $ 6 $ (29)
Schedule of the effect of derivative instruments on Other comprehensive income (loss) OCI and the Consolidated Statement of Operations	The following tables show the effect of the Company’s derivative instruments on the Consolidated Statement of Comprehensive Income and Consolidated Statement of Operations for the fiscal year ended July 2, 2021: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Amount of Gain/(Loss) Recognized in Foreign currency forward exchange contracts Other, net $ 10 Total return swap Operating expenses 30 (Dollars in millions) Derivatives Designated as Hedging Instruments Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion) Location of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain/(Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain/(Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward exchange contracts $ 7 Cost of revenue $ 14 Other, net $ 1 Interest rate swap 8 Interest expense (7) Interest expense — The following table shows the effect of the Company’s derivative instruments on the Consolidated Statement of Comprehensive Income and Consolidated Statement of Operations for the fiscal year ended July 3, 2020: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Amount of Gain/(Loss) Recognized in Foreign currency forward exchange contracts Other, net $ (2) Total return swap Operating expenses 2

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Jul. 02, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	that are measured at fair value on a recurring basis, excluding accrued interest components, as of July 2, 2021: Fair Value Measurements at Reporting Date Using (US Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Money market funds $ 551 $ — $ — $ 551 Time deposits and certificates of deposit — — — — Total cash equivalents 551 — — 551 Restricted cash and investments: Money market funds 1 — — 1 Time deposits and certificates of deposit — 1 — 1 Other debt securities — — 18 18 Derivative assets — 4 — 4 Total assets $ 552 $ 5 $ 18 $ 575 Liabilities: Derivative liabilities $ — $ 21 $ — $ 21 Total liabilities $ — $ 21 $ — $ 21
Schedule of Fair Value, by Balance Sheet Grouping, Measured on Recurring Basis	Fair Value Measurements at Reporting Date Using (US Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Cash and cash equivalents $ 551 $ — $ — $ 551 Other current assets 1 5 — 6 Other assets, net — — 18 18 Total assets $ 552 $ 5 $ 18 $ 575 Liabilities: Accrued expenses $ — $ 21 $ — $ 21 Total liabilities $ — $ 21 $ — $ 21 Fair Value Measurements at Reporting Date Using (Dollars in millions) Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Total Assets: Cash and cash equivalents $ 494 $ 55 $ — $ 549 Other current assets 1 7 — 8 Other assets, net — — 18 18 Total assets $ 495 $ 62 $ 18 $ 575 Liabilities: Accrued expense $ — $ 29 $ — $ 29 Total liabilities $ — $ 29 $ — $ 29
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The Company’s debt is carried at amortized cost. The estimated fair value of the Company’s debt is derived using the closing price of the same debt instruments as of the date of valuation, which takes into account the yield curve, interest rates and other observable inputs. Accordingly, these fair value measurements are categorized as Level 2. The following table presents the fair value and amortized cost of the Company’s debt in order of maturity: July 2, 2021 July 3, 2020 (Dollars in millions) Carrying Estimated Carrying Estimated 4.250% Senior Notes due March 2022 $ 220 $ 224 $ 229 $ 237 4.750% Senior Notes due June 2023 541 578 546 576 4.875% Senior Notes due March 2024 499 544 498 541 4.750% Senior Notes due January 2025 479 529 479 517 4.875% Senior Notes due June 2027 504 561 504 549 4.091% Senior Notes due June 2029 461 519 456 523 3.125% Senior Notes due July 2029 500 488 — — 4.125% Senior Notes due January 2031 499 513 499 524 3.375% Senior Notes due July 2031 500 487 — — 5.750% Senior Notes due December 2034 489 566 489 543 LIBOR Based Term Loan due September 2025 481 478 500 490 $ 5,173 $ 5,487 $ 4,200 $ 4,500 Less: debt issuance costs (34) — (25) — Debt, net of debt issuance costs $ 5,139 $ 5,487 $ 4,175 $ 4,500 Less: current portion of debt, net of debt issuance costs (245) (249) (19) (19) Long-term debt, less current portion, net of debt issuance costs $ 4,894 $ 5,238 $ 4,156 $ 4,481

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Jul. 02, 2021
Equity [Abstract]
Schedule of Share Repurchases	The following table sets forth information with respect to repurchases of the Company’s ordinary shares during fiscal years 2021, 2020 and 2019: (In millions) Number of Shares Repurchased Dollar Value of Shares Repurchased Cumulative repurchased through June 29, 2018 352 $ 10,502 Repurchased in fiscal year 2019 (1) 22 997 Cumulative repurchased through June 28, 2019 374 11,499 Repurchased in fiscal year 2020 (1) 18 887 Cumulative repurchased through July 3, 2020 392 12,386 Repurchased in fiscal year 2021 (1) 34 2,081 Cumulative repurchased through July 2, 2021 426 $ 14,467

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Jul. 02, 2021
Share-based Payment Arrangement [Abstract]
Weighted-average assumptions used to determine the fair value	The fair value of the Company’s shares related to options and RSUs granted to employees, shares issued from the ESPP and PSUs subject to TSR/ROIC or AEPS conditions for fiscal years 2021, 2020 and 2019 were estimated using the following assumptions: Fiscal Years 2021 2020 2019 Options Expected term (in years) 4.2 4.2 4.2 Volatility 37 - 38% 39 % 39 - 40% Weighted-average volatility 38 % 39 % 39 % Expected dividend rate 3.2 - 5.2% 4.2 % 4.6 - 5.0% Weighted-average expected dividend rate 4.7 % 4.2 % 4.7 % Risk-free interest rate 0.2 - 0.7% 1.4 % 2.5 - 2.8% Weighted-average fair value $ 10.77 $ 12.41 $ 11.49 RSUs Expected term (in years) 1 - 2.5 1 - 2.5 1 - 2.5 Expected dividend rate 2.5 - 5.4% 3.9 - 5.8% 4.1 - 6.4% Weighted-average expected dividend rate 4.6 % 4.3 % 4.7 % Weighted-average fair value $ 50.64 $ 49.49 $ 44.37 ESPP Expected term (in years) 0.5 0.5 0.5 Volatility 39 - 44% 32 - 35% 34 - 42% Weighted-average volatility 42 % 33 % 38 % Expected dividend rate 4.0 - 5.8% 4.3 - 5.4% 4.8 - 5.6% Weighted-average expected dividend rate 5.1 % 4.9 % 5.2 % Risk-free interest rate 0.1% 1.6 - 2.0% 2.2 - 2.4% Weighted-average fair value $ 13.77 $ 12.23 $ 12.18 PSUs subject to TSR/ROIC conditions Expected term (in years) 3.0 3.0 3.0 Volatility 38 % 37 % 46 % Weighted-average volatility 38 % 37 % 46 % Expected dividend rate 5.6 % 4.6 % 5.0 % Weighted-average expected dividend rate 5.6 % 4.6 % 5.0 % Risk-free interest rate 0.2 % 1.5 % 2.8 % Weighted-average fair value $ 43.20 $ 52.39 $ 46.38 PSUs subject to an AEPS condition Expected term (in years) 2.5 2.5 2.5 Expected dividend rate 3.2 - 5.2% 4.2 % 4.6 - 5.0% Weighted-average expected dividend rate 4.9 % 4.2 % 4.7 % Weighted-average fair value $ 45.50 $ 49.27 $ 43.92
Stock option activity	The Company issues new ordinary shares upon exercise of share options. The following is a summary of option activities: Options Number of Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (In years) Aggregate Intrinsic Value (Dollars in millions) Outstanding at July 3, 2020 2.4 $ 44.18 3.7 $ 15 Granted 0.3 $ 53.06 Exercised (1.1) $ 46.62 Forfeitures — $ 30.95 Expirations — $ 65.68 Outstanding at July 2, 2021 1.6 $ 44.24 4.0 $ 69 Vested and expected to vest at July 2, 2021 1.6 $ 44.09 4.0 $ 68 Exercisable at July 2, 2021 1.0 $ 39.94 3.1 $ 47
Nonvested share activity	The following is a summary of unvested award activities which do not contain a performance condition: Unvested Awards Number of Shares (In millions) Weighted-Average Grant-Date Fair Value Unvested at July 3, 2020 4.8 $ 41.77 Granted 3.3 $ 50.64 Forfeitures (0.2) $ 38.06 Vested (2.0) $ 38.28 Unvested at July 2, 2021 5.9 $ 47.81
Performance award activity	The following is a summary of unvested award activities which contain a performance condition: Performance Awards Number of Shares (In millions) Weighted-Average Grant-Date Fair Value Performance units at July 3, 2020 0.9 $ 42.77 Granted 0.6 $ 38.11 Forfeitures — $ 46.93 Vested (0.5) $ 28.20 Performance units at July 2, 2021 1.0 $ 46.56

Guarantees (Tables)

Guarantees (Tables)	12 Months Ended
	Jul. 02, 2021
Guarantees [Abstract]
Schedule of Product Warranty Liability	Changes in the Company’s product warranty liability during the fiscal years ended July 2, 2021, July 3, 2020 and June 28, 2019 were as follows: Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Balance, beginning of period $ 151 $ 195 $ 237 Warranties issued 76 86 112 Repairs and replacements (81) (85) (99) Changes in liability for pre-existing warranties, including expirations (10) (45) (55) Balance, end of period $ 136 $ 151 $ 195

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jul. 02, 2021
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net income (loss) per share	Basic earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period and the number of additional shares that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options, unvested RSUs and PSUs and shares to be purchased under the ESPP. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in fair market value of the Company’s share price can result in a greater dilutive effect from potentially dilutive securities. The following table sets forth the computation of basic and diluted net income per share attributable to the shareholders of the Company: Fiscal Years Ended (In millions, except per share data) July 2, July 3, June 28, Numerator: Net income $ 1,314 $ 1,004 $ 2,012 Number of shares used in per share calculations: Total shares for purposes of calculating basic net income per share 242 262 282 Weighted-average effect of dilutive securities: Employee equity award plans 3 3 3 Total shares for purposes of calculating diluted net income per share 245 265 285 Net income per share Basic $ 5.43 $ 3.83 $ 7.13 Diluted 5.36 3.79 7.06

Business Segment and Geograph_2

Business Segment and Geographic Information (Tables)	12 Months Ended
	Jul. 02, 2021
Segment Reporting [Abstract]
Summary of Operations by Geographic Area	Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Revenue from external customers (1) : Singapore $ 5,180 $ 5,032 $ 5,085 United States 3,656 3,583 3,310 The Netherlands 1,825 1,572 1,630 Other 20 322 365 Consolidated $ 10,681 $ 10,509 $ 10,390 Long-lived assets: Thailand $ 682 $ 681 $ 558 United States 612 567 523 Singapore 570 601 556 Other 411 376 286 Consolidated $ 2,275 $ 2,225 $ 1,923 ___________________________________ (1) Revenue is attributed to countries based on the bill from location.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Jul. 02, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Fiscal Years Ended (Dollars in millions) July 2, July 3, June 28, Revenues by Channel OEMs $ 7,403 $ 7,504 $ 7,261 Distributors 1,854 1,738 1,780 Retailers 1,424 1,267 1,349 Total $ 10,681 $ 10,509 $ 10,390 Revenues by Geography (1) Asia Pacific $ 5,198 $ 5,060 $ 5,115 Americas 3,656 3,583 3,310 EMEA 1,827 1,866 1,965 Total $ 10,681 $ 10,509 $ 10,390 ____________________________________________________

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Schedule of Fiscal Years [Line Items]
Net income	$ 1,314	$ 1,004	$ 2,012
Advertising Expense
Advertising costs	13	19	$ 22
Assets and Liabilities, Lease
Operating lease, ROU asset	97	$ 103
Operating lease liability	$ 54
Diluted (in dollars per share)	$ 5.36	$ 3.79	$ 7.06
Operating Lease, Liability, Current	$ 15	$ 14
Operating Lease, Liability, Noncurrent	$ 39	49
Concentration Risk, Supplier	Supplier Concentration. Certain of the raw materials, components and equipment used by the Company in the manufacture of its products are available from single-sourced direct and indirect 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 all or 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.
Service Life [Member]
Schedule of Fiscal Years [Line Items]
Net income		$ 134
Assets and Liabilities, Lease
Diluted (in dollars per share)		$ 0.51
Minimum [Member]
Establishment of Warranty Accruals
Product warranty period term (in years)	1 year
Maximum [Member]
Establishment of Warranty Accruals
Product warranty period term (in years)	5 years

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies Cumulative effect of the change to the Condensed Consolidated Balance Sheet from the adoption of ASC 606 (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Accounting Policies [Abstract]
Accounts receivable, net	$ 1,158	$ 1,115
Inventories	1,204	1,142
Accrued expenses	608	602
Accumulated deficit	$ (6,305)	$ (4,904)

Balance Sheet Information (Summ

Balance Sheet Information (Summary of fair value and amortized cost of investments, by major type) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 571	$ 569
Unrealized Gain/(Loss)	0	0
Fair Value	571	569
Money market funds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	552	495
Unrealized Gain/(Loss)	0	0
Fair Value	552	495
Time deposits and certificates of deposit [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1	56
Unrealized Gain/(Loss)	0	0
Fair Value	1	56
Other Debt Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		18
Fair Value		18
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax		0
Cash and Cash Equivalents [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	551	549
Other Current Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	2	18
Other Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	18
Short-term Investments
Debt Securities, Available-for-sale [Line Items]
Fair Value		$ 2
Other Debt Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	18
Unrealized Gain/(Loss)	0
Fair Value	$ 18

Balance Sheet Information (Narr

Balance Sheet Information (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019	Jun. 29, 2018
Investments, Debt and Equity Securities [Abstract]
Depreciation Expense	$ 368	$ 325	$ 464
Capitalized Interest	5	6	3
Property, Equipment and Leasehold Improvements, net
Restricted cash and cash equivalents, current	2	2	$ 31	$ 4
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Cost Basis of Other-than-temporarily Imparied Securities		0
Other than temporary impairment losses, investments, available-for-sale securities	0
Available-for-sale, Debt Securities [Member]
Property, Equipment and Leasehold Improvements, net
Restricted cash and cash equivalents, current		$ 2
Available-for-sale, Debt Securities [Member]
Property, Equipment and Leasehold Improvements, net
Restricted cash and cash equivalents, current	$ 2

Balance Sheet Information (Fair

Balance Sheet Information (Fair value and amortized cost of available-for-sale securities by contractual maturity) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Amortized Cost
Amortized cost, due in less than 1 year	$ 553
Amortized cost, due in 1 to 5 years	10
Amortized cost, due in 5 to 10 years	0
Amortized cost, thereafter	8
Amortized Cost	571	$ 569
Fair Value
Fair value, due in less than 1 year	553
Fair value, due in 1 to 5 years	10
Fair value, due in 5 to 10 years	0
Fair value, thereafter	8
Fair value, Total	$ 571	$ 569

Balance Sheet Information (Cash

Balance Sheet Information (Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019	Jun. 29, 2018
Investments, Debt and Equity Securities [Abstract]
Cash and cash equivalents	$ 1,209	$ 1,722	$ 2,220	$ 1,853
Restricted cash included in Other current assets	2	2	31	4
Total cash, cash equivalents, and restricted cash shown in the Statements of Cash Flows	$ 1,211	$ 1,724	$ 2,251	$ 1,857

Balance Sheet Information (Acco

Balance Sheet Information (Accounts Receivable, net) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Accounts Receivable, Gross, Current	$ 1,162	$ 1,120
Allowance for Doubtful Accounts Receivable, Current	(4)	(5)
Accounts receivable, net	1,158	1,115
Transfer of Financial Assets Accounted for as Sales, Cash Proceeds Received for Assets Derecognized, Amount	183	89
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding	$ 0	$ 10

Balance Sheet Information (Allo

Balance Sheet Information (Allowance for Doubtful Accounts Rollforward) (Details) - Allowance for doubtful accounts [Member] - USD ($) $ in Millions		12 Months Ended
		Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		$ 5	$ 4	$ 4
Charges to Operations		0	1	0
Deductions	[1]	(1)	0	0
Balance at End of Period		$ 4	$ 5	$ 4
[1]	(1) Uncollectible accounts written off, net of recoveries.

Balance Sheet Information (Inve

Balance Sheet Information (Inventories) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Inventory, Net [Abstract]
Raw materials and components	$ 375	$ 451
Work-in-process	443	313
Finished goods	386	378
Total Inventory	$ 1,204	$ 1,142

Balance Sheet Information (Prop

Balance Sheet Information (Property, Equipment and Leasehold Improvements, net) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020
Property, Equipment and Leasehold Improvements, net
Property, equipment and leasehold improvements	$ 10,378	$ 10,212
Less: accumulated depreciation and amortization	(8,197)	(8,083)
Total property, equipment and leasehold improvements, net	2,181	2,129
Land [Member]
Property, Equipment and Leasehold Improvements, net
Property, equipment and leasehold improvements	47	48
Equipment [Member]
Property, Equipment and Leasehold Improvements, net
Property, equipment and leasehold improvements	$ 8,250	8,033
Equipment [Member] | Maximum [Member]
Property, Equipment and Leasehold Improvements, net
Useful life in years	7 years
Equipment [Member] | Minimum [Member]
Property, Equipment and Leasehold Improvements, net
Useful life in years	3 years
Buildings and leasehold improvements [Member]
Property, Equipment and Leasehold Improvements, net
Property, equipment and leasehold improvements	$ 1,881	1,848
Buildings and leasehold improvements [Member] | Maximum [Member]
Property, Equipment and Leasehold Improvements, net
Useful life in years	30 years
Construction in progress [Member]
Property, Equipment and Leasehold Improvements, net
Property, equipment and leasehold improvements	$ 200	$ 283

Balance Sheet Information (Accr

Balance Sheet Information (Accrued Expenses) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Payables and Accruals [Abstract]
Dividends Payable, Current	$ 153	$ 167
Other accrued expenses	455	435
Accrued expenses, total	$ 608	$ 602

Balance Sheet Information (Accu

Balance Sheet Information (Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Total Seagate Technology plc Shareholders' Equity, Starting Balance	$ 1,787	$ 2,162	$ 1,665
Other comprehensive loss	25	(32)	(18)
Total Seagate Technology plc Shareholders' Equity, Ending Balance	631	1,787	2,162
Net unrealized gains (losses) arising during the period	15	(27)	0
(Gains) losses reclassified into earnings	(9)	3	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	6	(24)	0
Net unrealized gains (losses) arising during the period	1	(7)	(16)
Losses (gains) reclassified into earnings	3	1	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	4	(6)	(16)
Foreign currency translation adjustments	15	(2)	(2)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Total Seagate Technology plc Shareholders' Equity, Starting Balance	(16)	(14)
Other comprehensive loss before reclassifications	15	(2)
Amounts reclassified from AOCL to Consolidated Statements of Operations	0	0
Total Seagate Technology plc Shareholders' Equity, Ending Balance	(1)	(16)	(14)
AOCI Attributable to Parent [Member]
Total Seagate Technology plc Shareholders' Equity, Starting Balance	(66)	(34)	(16)
Other comprehensive loss before reclassifications	31	(36)
Amounts reclassified from AOCL to Consolidated Statements of Operations	(6)	4
Other comprehensive loss	25	(32)
Total Seagate Technology plc Shareholders' Equity, Ending Balance	(41)	(66)	(34)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Total Seagate Technology plc Shareholders' Equity, Starting Balance	(24)	0
Total Seagate Technology plc Shareholders' Equity, Ending Balance	(18)	(24)	0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Total Seagate Technology plc Shareholders' Equity, Starting Balance	(26)	(20)
Total Seagate Technology plc Shareholders' Equity, Ending Balance	$ (22)	$ (26)	$ (20)

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 29	$ 53	$ 77
Finite-Lived Intangible Assets, Gross	123	291
Goodwill, Translation and Purchase Accounting Adjustments	0	0	0
Goodwill, Impaired, Accumulated Impairment Loss	0	0	0
Disposal Group, Including Discontinued Operation, Goodwill	$ 0	$ 0	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Changes in the carrying amount of goodwill) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0	$ 0	$ 0

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Carrying value of intangible assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 123	$ 291
Accumulated Amortization	(94)	(233)
Total	$ 29	$ 58
Weighted Average Remaining Useful Life (in years)	1 year 6 months	2 years 1 month 6 days
Goodwill, Impaired, Accumulated Impairment Loss	$ 0	$ 0	$ 0
Goodwill, Translation and Purchase Accounting Adjustments	0	0	0
Disposal Group, Including Discontinued Operation, Goodwill	0	0	$ 0
Technology-Based Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	43	199
Accumulated Amortization	(30)	(179)
Total	$ 13	$ 20
Finite-Lived Intangible Assets, Remaining Amortization Period	1 year 9 months 18 days	1 year 6 months
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 71	$ 71
Accumulated Amortization	(58)	(48)
Total	$ 13	$ 23
Weighted Average Remaining Useful Life (in years)	1 year 2 months 12 days	2 years 2 months 12 days
Trade names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		$ 2
Accumulated Amortization		(2)
Total		$ 0
Weighted Average Remaining Useful Life (in years)		2 months 12 days
Other intangible assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 9	$ 19
Accumulated Amortization	(6)	(4)
Total	$ 3	$ 15
Weighted Average Remaining Useful Life (in years)	1 year 8 months 12 days	2 years 10 months 24 days

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Expected Amortization Expense (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 20
2023	9
Thereafter	0
Total	$ 29	$ 58

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)

Jun. 18, 2020

Sep. 18, 2019

Sep. 17, 2019

Nov. 15, 2018

Feb. 03, 2017

May 14, 2015

Dec. 02, 2014

May 28, 2014

May 22, 2013

Jan. 15, 2029

Jan. 15, 2028

Jan. 15, 2027

Jan. 15, 2026

Jan. 15, 2025

Jul. 02, 2021

Jul. 03, 2020

Jun. 28, 2019

Jul. 15, 2031

Jan. 15, 2024

Jul. 15, 2029

Jan. 15, 2026

Jan. 13, 2021

Dec. 08, 2020

Jun. 10, 2020

Feb. 20, 2019

Nov. 05, 2013

Debt Instrument [Line Items]

Loss on redemption and repurchase of debt

$ 1,000,000

$ 58,000,000

$ 0

Repayments of long-term debt

$ 33,000,000

$ 1,137,000,000

819,000,000

Senior Notes 3.75 Percent due November 2018 [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 800,000,000

Stated interest rate (as a percent)

3.75%

Repayments of long-term debt

$ 499,000,000

4.250% Senior Notes due March 2022

Debt Instrument [Line Items]

Basis spread on variable rate (basis points)

40.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.00%

4.750% Senior Notes due June 2023

Debt Instrument [Line Items]

Basis spread on variable rate (basis points)

50.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.00%

4.750% Senior Notes due January 2025

Debt Instrument [Line Items]

Stated interest rate (as a percent)

4.75%

Redemption price as percentage of principal amount (percent)

100.00%

Basis spread on variable rate (basis points)

50.00%

Debt instrument, repurchase amount

$ 170,000,000

55,000,000

Loss on redemption and repurchase of debt

1,000,000

4.750% Senior Notes due January 2025 | Exchange with 2029 Notes [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 271,000,000

5.750% Senior Notes due December 2034

Debt Instrument [Line Items]

Stated interest rate (as a percent)

5.75%

4.875% Senior Notes due March 2024

Debt Instrument [Line Items]

Basis spread on variable rate (basis points)

45.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.00%

4.875% Senior Notes due June 2027

Debt Instrument [Line Items]

Stated interest rate (as a percent)

4.875%

Redemption price as percentage of principal amount (percent)

100.00%

Basis spread on variable rate (basis points)

40.00%

Debt instrument, repurchase amount

6,000,000

4.875% Senior Notes due June 2027 | Exchange with 2029 Notes [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 185,000,000

4.125% Senior Notes due January 2031

Debt Instrument [Line Items]

Stated interest rate (as a percent)

4.125%

Redemption price as percentage of principal amount (percent)

100.00%

Basis spread on variable rate (basis points)

50.00%

Senior Notes 5.75 Percentage due December 2034 [Member]

Debt Instrument [Line Items]

Redemption price as percentage of principal amount (percent)

100.00%

Basis spread on variable rate (basis points)

50.00%

4.091% Senior Notes due June 2029

Debt Instrument [Line Items]

Stated interest rate (as a percent)

4.091%

Redemption price as percentage of principal amount (percent)

100.00%

Basis spread on variable rate (basis points)

50.00%

4.091% Senior Notes due June 2029 | Exchange offers with 2027 Notes [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 203,000,000

Senior Notes 3.125 Percent due July 2029 | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (basis points)

50.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.781%

101.563%

100.00%

100.00%

Debt Instrument, Additional Redemption Price, Percentage Of Principal Amount Redeemed

1.00%

Debt Instrument, Redemption With Cash Proceeds From Equity Offering, Percentage Of Principal Amount

40.00%

Debt Instrument, Redemption Price With Cash Proceeds From Equity Offering, Percentage Of Principal AmountRedeemed

103.125%

Senior Notes 3.375 Percent due July 2031 | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (basis points)

50.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.563%

101.125%

101.688%

100.00%

100.00%

Debt Instrument, Additional Redemption Price, Percentage Of Principal Amount Redeemed

1.00%

Debt Instrument, Redemption With Cash Proceeds From Equity Offering, Percentage Of Principal Amount

40.00%

Debt Instrument, Redemption Price With Cash Proceeds From Equity Offering, Percentage Of Principal AmountRedeemed

103.375%

Other nonoperating income, net [Member] | 4.750% Senior Notes due January 2025

Debt Instrument [Line Items]

Loss on redemption and repurchase of debt

$ 8,000,000

2019 Revolving Credit Facility [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 1,725,000,000

Line of credit facility, accordion feature, increase limit

$ 275,000,000

Line of credit facility, percentage of most favored nation protection

0.50%

Line of Credit Facility, Amount Less Than the Guarantee Requirement

$ 100,000,000

2019 Revolving Credit Facility [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Sub-limit for issuance of letters of credit under revolving credit facility

75,000,000

2019 Revolving Credit Facility [Member] | Bridge Loan [Member]

Debt Instrument [Line Items]

Line of credit facility, capacity available for specific purpose other than for trade purchases

50,000,000

Term Loan [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Debt Instrument, Redemption Price, Percentage

1.25%

Term Loan [Member] | Medium-term Notes [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

500,000,000

Repayments of long-term debt

$ 19,000,000

Proceeds from Lines of Credit

$ 500,000,000

Senior Notes [Member] | 4.250% Senior Notes due March 2022

Debt Instrument [Line Items]

Aggregate principal amount

$ 750,000,000

Stated interest rate (as a percent)

4.25%

Loss on redemption and repurchase of debt

29,000,000

Debt Instrument, Repurchase Amount (YTD)

248,000,000

250,000,000

9,000,000

521,000,000

Senior Notes [Member] | 4.750% Senior Notes due June 2023

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,000,000,000

Stated interest rate (as a percent)

4.75%

Debt instrument, repurchase amount

178,000,000

$ 200,000,000

Loss on redemption and repurchase of debt

1,000,000

20,000,000

Debt Instrument, Repurchase Amount (YTD)

$ 5,000,000

$ 395,000,000

$ 10,000,000

Senior Notes [Member] | 4.750% Senior Notes due January 2025

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,000,000,000

Senior Notes [Member] | 4.875% Senior Notes due March 2024

Debt Instrument [Line Items]

Aggregate principal amount

$ 500,000,000

Stated interest rate (as a percent)

4.875%

Senior Notes [Member] | 4.875% Senior Notes due June 2027

Debt Instrument [Line Items]

Aggregate principal amount

$ 700,000,000

Senior Notes [Member] | 4.125% Senior Notes due January 2031

Debt Instrument [Line Items]

Aggregate principal amount

$ 500,000,000

Senior Notes [Member] | Senior Notes 5.75 Percentage due December 2034 [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 500,000,000

Senior Notes [Member] | 4.091% Senior Notes due June 2029

Debt Instrument [Line Items]

Aggregate principal amount

500,000,000

Senior Notes [Member] | 4.091% Senior Notes due June 2029 | Exchange offers with 2025 Note [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 297,000,000

Senior Notes [Member] | Senior Notes 3.125 Percent due July 2029

Debt Instrument [Line Items]

Aggregate principal amount

$ 500,000,000

Stated interest rate (as a percent)

3.125%

Senior Notes [Member] | Senior Notes 3.375 Percent due July 2031

Debt Instrument [Line Items]

Aggregate principal amount

$ 500,000,000

Stated interest rate (as a percent)

3.375%

Minimum [Member] | 2019 Revolving Credit Facility [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, accordion feature, increase limit

$ 25,000,000

Debt (Future principal payments

Debt (Future principal payments on long-term debt) (Details) $ in Millions	Jul. 02, 2021USD ($)
Debt Disclosure [Abstract]
2022	$ 245
2023	566
2024	525
2025	504
2026	381
Thereafter	2,995
Total future principal payments on short-term and long-term debt	$ 5,216

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019	Jun. 29, 2018
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Total net deferred tax assets	$ 1,103	$ 1,099
Increase (decrease) in valuation allowance	9
Operating loss carryforwards, subject to expiration	103
NOL subject to annual limitation on use	222
Tax credit carryforwards subject to annual limitation on use	$ 108
Domestic federal statutory rate (as a percent)	25.00%
Income tax holiday, aggregate dollar amount	$ 226	$ 206	$ 194
Income tax holiday tax incentive income tax benefits per share (in dollars per share)	$ 0.92	$ 0.78	$ 0.68
Deferred tax liability not recognized due to temporary difference, undistributed earnings of foreign subsidiaries	$ 4,000
Tax amount, if temporary difference were remitted to Ireland as a dividend	1,000
Total gross unrecognized tax benefits excluding interest and penalties	108	$ 89	$ 83	$ 60
Unrecognized tax benefits, income tax penalties and interest expense	1	$ 1	$ (2)
Accrued interest and penalties related to unrecognized tax benefits	1
Expected unrecognized tax benefits reduction	1
Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Aggregate annual limitation on use of NOL and tax credit carryforwards pursuant to U.S. tax law	1
Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Aggregate annual limitation on use of NOL and tax credit carryforwards pursuant to U.S. tax law	45
U.S. Federal [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Net operating loss carryforwards	4,600
Tax credit carryforwards	731
Non-U.S. [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Net operating loss carryforwards	$ 65

Income Taxes (Income (Loss) Bef

Income Taxes (Income (Loss) Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Income Tax Disclosure [Abstract]
U.S.	$ 191	$ 121	$ 275
Non-U.S.	1,157	911	1,097
Income before income taxes	$ 1,348	$ 1,032	$ 1,372

Income Taxes (Schedule of Provi

Income Taxes (Schedule of Provision for (Benefit From) Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Current income tax expense:
U.S.	$ 0	$ 0	$ 0
Non-U.S.	38	36	45
Total Current	38	36	45
Deferred income tax benefit:
U.S.	8	(18)	(678)
Non-U.S.	(12)	10	(7)
Total Deferred	(4)	(8)	(685)
Provision (benefit) for income taxes	34	28	(640)
Unrecognized tax benefits, income tax penalties and interest expense	$ 1	$ 1	$ (2)

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Deferred tax assets
Accrued warranty	$ 31	$ 35
Inventory carrying value adjustments	39	30
Receivable allowances	15	11
Accrued compensation and benefits	66	55
Depreciation	47	59
Restructuring accruals	1	9
Other accruals and deferred items	25	22
Net operating losses	698	735
Tax credit carryforwards	628	603
Other assets	1	7
Gross: Deferred tax assets	1,551	1,566
Less: Valuation allowance	(429)	(438)
Net: Deferred tax assets	1,122	1,128
Deferred tax liabilities
Unremitted earnings of certain non-U.S. entities	(5)	(16)
Acquisition-related Items	(5)	(8)
Net: Deferred tax liabilities	19	29
Total net deferred tax assets	1,103	1,099
Deferred Tax Liabilities, Other	$ (9)	$ (5)

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation Between Income at Statutory Rate and Effective Rate) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Income Tax Disclosure [Abstract]
Provision at statutory rate	$ 337	$ 258	$ 343
Permanent differences	8	(1)	3
Valuation allowance	(2)	(16)	(742)
Earnings taxed at less than statutory rate	(287)	(193)	(234)
Research Credit	(27)	(27)	(38)
Tax expense related to intercompany transactions	0	0	23
Other individually immaterial items	5	7	5
Provision (benefit) for income taxes	$ 34	$ 28	$ (640)

Income Taxes (Schedule of Gross

Income Taxes (Schedule of Gross Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Income Tax Disclosure [Abstract]
Balance of unrecognized tax benefits at the beginning of the year	$ 89	$ 83	$ 60
Gross increase for tax positions of prior years	7	0	22
Gross decrease for tax positions of prior years	(1)	(1)	(9)
Gross increase for tax positions of current year	15	8	16
Gross decrease for tax positions of current year	0	0	0
Settlements	(1)	(1)	0
Lapse of statutes of limitation	(1)	0	(6)
Non-U.S. exchange gain	0	0	0
Balance of unrecognized tax benefits at the end of the year	$ 108	$ 89	$ 83

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020
Leases [Abstract]
Operating Lease, Cost	$ 15	$ 22
Variable Lease, Cost	4	4
Lease, Cost	19	26
Operating Lease, Payments	$ 19	$ 18
Operating Lease, Weighted Average Remaining Lease Term	7 years 2 months 12 days	13 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	6.02%	6.53%
Operating lease, ROU asset	$ 97	$ 103
Operating Lease, Liability, Current	15	14
Operating Lease, Liability, Noncurrent	39	$ 49
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	12
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three	8
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four	5
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five	4
Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five	21
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(11)
Operating lease liability	54
Assets and Liabilities, Lease
Lessee, Operating Lease, Liability, to be Paid, Year One	15
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Lessee, Operating Lease, Liability, to be Paid	$ 65
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities	Other non-current liabilities

Restructuring and Exit Costs (N

Restructuring and Exit Costs (Narrative) (Details) $ in Millions	Jun. 01, 2020numberOfEmployees	Dec. 08, 2017numberOfEmployees	Jul. 02, 2021USD ($)	Jul. 03, 2020USD ($)	Jun. 28, 2019USD ($)
Restructuring Reserve [Line Items]
Restructuring and other, net			$ 8		$ 22
Restructuring and related cost, number of positions eliminated | numberOfEmployees	500	500
Gain (loss) on assets held for sale			(3)		78
Gain (Loss) on Termination of Lease			$ (2)
Property, Plant and Equipment [Member]
Restructuring Reserve [Line Items]
Gain (loss) on assets held for sale				$ 82
Workforce Restructuring Charges [Member] | Land and Building [Member]
Restructuring Reserve [Line Items]
Impairment of assets					$ 3

Restructuring and Exit Costs (S

Restructuring and Exit Costs (Schedule of Restructuring Reserve by Type of Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019	Jun. 29, 2018
Restructuring Reserve [Roll Forward]
Restructuring Reserve	$ 8	$ 48	$ 30	$ 42
Restructuring Charges	(8)		(22)
Payments for Restructuring	(53)	(53)	(65)
Restructuring Reserve, Accrual Adjustment	(1)	(4)	(1)
Adjustment for Lease, Restructuring Charge		(11)
Restructuring and Related Cost, Incurred Cost	300
Restructuring and Related Cost, Expected Cost	7
Employee Severance [Member] | June 2020 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	1	38	0	0
Restructuring Charges	0	56	0
Payments for Restructuring	(37)	(18)	0
Restructuring Reserve, Accrual Adjustment	0	0	0
Adjustment for Lease, Restructuring Charge		0
Restructuring and Related Cost, Incurred Cost	56
Restructuring and Related Cost, Expected Cost	0
Employee Severance [Member] | December 2017 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	0	0	0	5
Restructuring Charges	0	0	0
Payments for Restructuring	0	0	(5)
Restructuring Reserve, Accrual Adjustment	0	0	0
Adjustment for Lease, Restructuring Charge		0
Restructuring and Related Cost, Incurred Cost	26
Restructuring and Related Cost, Expected Cost	0
Employee Severance [Member] | Other Restructuring Plans [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	1	5	13	14
Restructuring Charges	6	26	41
Payments for Restructuring	(10)	(30)	(43)
Restructuring Reserve, Accrual Adjustment	0	(4)	1
Adjustment for Lease, Restructuring Charge		0
Restructuring and Related Cost, Incurred Cost	156
Restructuring and Related Cost, Expected Cost	0
Facility Closing [Member] | June 2020 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	1	2	0	0
Restructuring Charges	0	2	0
Payments for Restructuring	(1)	0	0
Restructuring Reserve, Accrual Adjustment	0	0	0
Adjustment for Lease, Restructuring Charge		0
Restructuring and Related Cost, Incurred Cost	2
Restructuring and Related Cost, Expected Cost	7
Facility Closing [Member] | December 2017 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	0	0	1	4
Restructuring Charges	0	0	3
Payments for Restructuring	0	(1)	(5)
Restructuring Reserve, Accrual Adjustment	0	0	(1)
Adjustment for Lease, Restructuring Charge		0
Restructuring and Related Cost, Incurred Cost	8
Restructuring and Related Cost, Expected Cost	0
Facility Closing [Member] | Other Restructuring Plans [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve	5	3	16	$ 19
Restructuring Charges	8	2	10
Payments for Restructuring	(5)	(4)	(12)
Restructuring Reserve, Accrual Adjustment	(1)	0	(1)
Adjustment for Lease, Restructuring Charge		(11)
Restructuring and Related Cost, Incurred Cost	52
Restructuring and Related Cost, Expected Cost	0
Workforce Restructuring Charges [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 14	$ 86	$ 54

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Oct. 04, 2019
Cash Flow Hedging [Member]
Derivative Financial Instruments
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	$ 18,000,000	$ 24,000,000
us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	5,000,000
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	7,000,000	3,000,000
Gain on hedge designation cash flow hedge	14,000,000
Not Designated as Hedging Instrument [Member] | Foreign currency forward exchange contracts [Member]
Derivative Financial Instruments
Derivative, Notional Amount	126,000,000	143,000,000
Not Designated as Hedging Instrument [Member] | Foreign currency forward exchange contracts [Member] | Singapore, Dollars
Derivative Financial Instruments
Derivative, Notional Amount	43,000,000	56,000,000
Not Designated as Hedging Instrument [Member] | Total Return Swap [Member]
Derivative Financial Instruments
Derivative, Notional Amount	126,000,000
Derivatives designated as hedging instruments [Member] | Foreign currency forward exchange contracts [Member]
Derivative Financial Instruments
Derivative, Notional Amount	430,000,000	489,000,000
Derivatives designated as hedging instruments [Member] | Foreign currency forward exchange contracts [Member] | Singapore, Dollars
Derivative Financial Instruments
Derivative, Notional Amount	172,000,000	$ 187,000,000
Derivatives designated as hedging instruments [Member] | Interest Rate Swap [Member]
Derivative Financial Instruments
Derivative, Notional Amount			$ 500,000,000
Derivative Asset, Notional Amount	$ 481,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule of notional value of outstanding foreign currency forward exchange contracts) (Details) - Foreign currency forward exchange contracts [Member] - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Derivatives designated as hedging instruments [Member]
Derivative Financial Instruments
Derivative, Notional Amount	$ 430	$ 489
Derivatives designated as hedging instruments [Member] | Singapore, Dollars
Derivative Financial Instruments
Derivative, Notional Amount	172	187
Derivatives designated as hedging instruments [Member] | China, Yuan Renminbi
Derivative Financial Instruments
Derivative, Notional Amount	73	81
Derivatives designated as hedging instruments [Member] | United Kingdom, Pounds
Derivative Financial Instruments
Derivative, Notional Amount	54	64
Derivatives designated as hedging instruments [Member] | Thailand, Baht
Derivative Financial Instruments
Derivative, Notional Amount	131	157
Not Designated as Hedging Instrument [Member]
Derivative Financial Instruments
Derivative, Notional Amount	126	143
Not Designated as Hedging Instrument [Member] | Singapore, Dollars
Derivative Financial Instruments
Derivative, Notional Amount	43	56
Not Designated as Hedging Instrument [Member] | China, Yuan Renminbi
Derivative Financial Instruments
Derivative, Notional Amount	21	25
Not Designated as Hedging Instrument [Member] | United Kingdom, Pounds
Derivative Financial Instruments
Derivative, Notional Amount	16	20
Not Designated as Hedging Instrument [Member] | Thailand, Baht
Derivative Financial Instruments
Derivative, Notional Amount	$ 46	$ 42

Derivative Financial Instrume_5

Derivative Financial Instruments (Schedule of gross fair value of derivative instruments) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Fair Values of Derivative Instruments
Asset Derivatives, Other current assets	$ 4	$ 6
Liability derivatives, Accrued expenses	(21)	(29)
Derivatives designated as hedging instruments [Member] | Foreign currency forward exchange contracts [Member] | Other Current Assets [Member]
Fair Values of Derivative Instruments
Asset Derivatives, Other current assets	1	3
Derivatives designated as hedging instruments [Member] | Foreign currency forward exchange contracts [Member] | Accrued Expenses [Member]
Fair Values of Derivative Instruments
Liability derivatives, Accrued expenses	(5)	0
Derivatives designated as hedging instruments [Member] | Interest Rate Swap [Member] | Other Current Assets [Member]
Fair Values of Derivative Instruments
Asset Derivatives, Other current assets	0	0
Derivatives designated as hedging instruments [Member] | Interest Rate Swap [Member] | Accrued Expenses [Member]
Fair Values of Derivative Instruments
Liability derivatives, Accrued expenses	(14)	(27)
Not Designated as Hedging Instrument [Member] | Foreign currency forward exchange contracts [Member] | Other Current Assets [Member]
Fair Values of Derivative Instruments
Asset Derivatives, Other current assets	1	2
Not Designated as Hedging Instrument [Member] | Foreign currency forward exchange contracts [Member] | Accrued Expenses [Member]
Fair Values of Derivative Instruments
Liability derivatives, Accrued expenses	(2)	(2)
Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Other Current Assets [Member]
Fair Values of Derivative Instruments
Asset Derivatives, Other current assets	2	1
Not Designated as Hedging Instrument [Member] | Total Return Swap [Member] | Accrued Expenses [Member]
Fair Values of Derivative Instruments
Liability derivatives, Accrued expenses	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments (Schedule of the effect of derivative instruments on Other comprehensive income (loss) and the Consolidated Statement of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020
Other nonoperating income, net [Member] | Foreign currency forward exchange contracts [Member]
Derivatives Instruments, Gain (Loss)
Amount of Gain/(Loss) Recognized in Income on Derivatives	$ 10	$ (2)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	7	2
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	14	(3)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	1	(1)
Operating Expense [Member] | Total Return Swap [Member]
Derivatives Instruments, Gain (Loss)
Amount of Gain/(Loss) Recognized in Income on Derivatives	30	2
Operating Expense [Member] | Interest Rate Swap [Member]
Derivatives Instruments, Gain (Loss)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	8	(29)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(7)	0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Assets and liabilities measured at fair value on a recurring basis
Gain (loss) on assets held for sale	$ (3)		$ 78
Income (Loss) from Equity Method Investments	48	$ (2)	$ (2)
Equity Method Investments	78	29
Equity Securities without Readily Determinable Fair Value, Amount	117	106
Net gains (losses) from investment under measurement alternative	51
Other nonoperating income, net [Member] | Cost-method Investments [Member]
Assets and liabilities measured at fair value on a recurring basis
Downward adjustments	(12)	$ (18)
Equity Securities, FV-NI, Unrealized Gain	$ 27

Fair Value (Schedule of Fair Va

Fair Value (Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) - Recurring basis [Member] - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents	$ 551	$ 549
Cash and cash equivalents and short-term investments	551
Total assets	575	575
Financial and Nonfinancial Liabilities, Fair Value Disclosure	21	29
Cash, Cash Equivalents, and Short-term Investments		549
Other assets, net	18	18
Derivative Financial Instruments, Assets [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative asset	4	6
Derivative Liability		29
Derivative Financial Instruments, Liabilities [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative Liability	21
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents	551	494
Cash and cash equivalents and short-term investments	551
Total assets	552	495
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Cash, Cash Equivalents, and Short-term Investments		494
Other assets, net	0	0
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member] | Derivative Financial Instruments, Assets [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative asset	0	0
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member] | Derivative Financial Instruments, Liabilities [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative Liability	0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents	0	55
Cash and cash equivalents and short-term investments	0
Total assets	5	62
Financial and Nonfinancial Liabilities, Fair Value Disclosure	21	29
Cash, Cash Equivalents, and Short-term Investments		55
Other assets, net	0	0
Significant Other Observable Inputs (Level 2) [Member] | Derivative Financial Instruments, Assets [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative asset	4	6
Significant Other Observable Inputs (Level 2) [Member] | Derivative Financial Instruments, Liabilities [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative Liability	21	29
Significant Unobservable Inputs (Level 3) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Cash and cash equivalents and short-term investments	0
Total assets	18	18
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Cash, Cash Equivalents, and Short-term Investments		0
Other assets, net	18	18
Significant Unobservable Inputs (Level 3) [Member] | Derivative Financial Instruments, Assets [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative asset	0	0
Significant Unobservable Inputs (Level 3) [Member] | Derivative Financial Instruments, Liabilities [Member]
Assets and liabilities measured at fair value on a recurring basis
Derivative Liability	0	0
Money market funds [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	551	494
Included in Restricted cash and investments	1
Total assets		1
Money market funds [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	551	494
Included in Restricted cash and investments	1
Total assets		1
Money market funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	0
Included in Restricted cash and investments	0
Total assets		0
Money market funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	0
Included in Restricted cash and investments	0
Total assets		0
Time deposits and certificates of deposit [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	55
Included in Restricted cash and investments	1	1
Time deposits and certificates of deposit [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	0
Included in Restricted cash and investments	0	0
Time deposits and certificates of deposit [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	55
Included in Restricted cash and investments	1	1
Time deposits and certificates of deposit [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets and liabilities measured at fair value on a recurring basis
Cash and cash equivalents and short-term investments	0	0
Included in Restricted cash and investments	0	0
Debt Securities [Member]
Assets and liabilities measured at fair value on a recurring basis
Included in Restricted cash and investments	18	18
Debt Securities [Member] | Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Assets and liabilities measured at fair value on a recurring basis
Included in Restricted cash and investments	0	0
Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets and liabilities measured at fair value on a recurring basis
Included in Restricted cash and investments	0	0
Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets and liabilities measured at fair value on a recurring basis
Included in Restricted cash and investments	$ 18	$ 18

Fair Value (Schedule of Fair _2

Fair Value (Schedule of Fair Value, by Balance Sheet Grouping, Measured on Recurring Basis) (Details) - Recurring basis [Member] - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Assets:
Cash and cash equivalents and short-term investments	$ 551
Cash and cash equivalents	551	$ 549
Other current assets	6	8
Other assets, net	18	18
Total assets	575	575
Liabilities, Fair Value Disclosure [Abstract]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	21	29
Accrued Liabilities, Fair Value Disclosure	21	29
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Assets:
Cash and cash equivalents and short-term investments	551
Cash and cash equivalents	551	494
Other current assets	1	1
Other assets, net	0	0
Total assets	552	495
Liabilities, Fair Value Disclosure [Abstract]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Accrued Liabilities, Fair Value Disclosure	0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Cash and cash equivalents and short-term investments	0
Cash and cash equivalents	0	55
Other current assets	5	7
Other assets, net	0	0
Total assets	5	62
Liabilities, Fair Value Disclosure [Abstract]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	21	29
Accrued Liabilities, Fair Value Disclosure	21	29
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Cash and cash equivalents and short-term investments	0
Cash and cash equivalents	0	0
Other current assets	0	0
Other assets, net	18	18
Total assets	18	18
Liabilities, Fair Value Disclosure [Abstract]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Accrued Liabilities, Fair Value Disclosure	$ 0	$ 0

Fair Value (Schedule of Carryin

Fair Value (Schedule of Carrying Values and Estimated Fair Values of Debt Instruments) (Details) - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020	Jun. 18, 2020	May 14, 2015	Dec. 02, 2014	May 28, 2014
Debt Fair Value Disclosures
Less: current portion of debt, net of debt issuance costs	$ (245)	$ (19)
Long-term debt, less current portion, net of debt issuance costs	$ 4,894	4,156
4.750% Senior Notes due January 2025
Debt Fair Value Disclosures
Stated interest rate (as a percent)						4.75%
4.875% Senior Notes due June 2027
Debt Fair Value Disclosures
Stated interest rate (as a percent)				4.875%
4.091% Senior Notes due June 2029
Debt Fair Value Disclosures
Stated interest rate (as a percent)			4.091%
4.125% Senior Notes due January 2031
Debt Fair Value Disclosures
Stated interest rate (as a percent)	4.125%
5.750% Senior Notes due December 2034
Debt Fair Value Disclosures
Stated interest rate (as a percent)					5.75%
Carrying Amount [Member]
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	$ 5,173	4,200
Debt issuance costs	(34)	(25)
Debt, net of debt issuance costs	5,139	4,175
Less: current portion of debt, net of debt issuance costs	(245)	(19)
Long-term debt, less current portion, net of debt issuance costs	4,894	4,156
Carrying Amount [Member] | 4.250% Senior Notes due March 2022
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	220	229
Carrying Amount [Member] | 4.750% Senior Notes due June 2023
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	541	546
Carrying Amount [Member] | 4.875% Senior Notes due March 2024
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	499	498
Carrying Amount [Member] | 4.750% Senior Notes due January 2025
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	479	479
Carrying Amount [Member] | 4.875% Senior Notes due June 2027
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	504	504
Carrying Amount [Member] | 4.091% Senior Notes due June 2029
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	461	456
Carrying Amount [Member] | 4.125% Senior Notes due January 2031
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	499	499
Carrying Amount [Member] | 5.750% Senior Notes due December 2034
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	489	489
Carrying Amount [Member] | LIBOR Based Term Loan due September 2025
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	481	500
Carrying Amount [Member] | Senior Notes 3.125 Percent due July 2029
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	500	0
Carrying Amount [Member] | Senior Notes 3.375 Percent due July 2031
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	500	0
Estimate of Fair Value Measurement [Member]
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	5,487	4,500
Debt issuance costs	0	0
Debt, net of debt issuance costs	5,487	4,500
Less: current portion of debt, net of debt issuance costs	(249)	(19)
Long-term debt, less current portion, net of debt issuance costs	5,238	4,481
Estimate of Fair Value Measurement [Member] | 4.250% Senior Notes due March 2022
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	224	237
Estimate of Fair Value Measurement [Member] | 4.750% Senior Notes due June 2023
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	578	576
Estimate of Fair Value Measurement [Member] | 4.875% Senior Notes due March 2024
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	544	541
Estimate of Fair Value Measurement [Member] | 4.750% Senior Notes due January 2025
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	529	517
Estimate of Fair Value Measurement [Member] | 4.875% Senior Notes due June 2027
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	561	549
Estimate of Fair Value Measurement [Member] | 4.091% Senior Notes due June 2029
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	519	523
Estimate of Fair Value Measurement [Member] | 4.125% Senior Notes due January 2031
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	513	524
Estimate of Fair Value Measurement [Member] | 5.750% Senior Notes due December 2034
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	566	543
Estimate of Fair Value Measurement [Member] | LIBOR Based Term Loan due September 2025
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	478	490
Estimate of Fair Value Measurement [Member] | Senior Notes 3.125 Percent due July 2029
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	488	0
Estimate of Fair Value Measurement [Member] | Senior Notes 3.375 Percent due July 2031
Debt Fair Value Disclosures
Current and noncurrent debt including short-term borrowings	$ 487	$ 0

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details)	12 Months Ended
	Jul. 02, 2021USD ($)$ / sharesshares	Jul. 03, 2020$ / sharesshares
Equity [Abstract]
Ordinary shares, authorized (in shares)	1,250,000,000	1,250,000,000
Ordinary shares, par value (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001
Ordinary shares, outstanding (in shares)	227,382,980	256,718,840
Preferred shares, authorized (in shares)	100,000,000	100,000,000
Preferred shares, par value (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001
Preferred Stock, Shares Issued	0	0
Preferred stock, shares outstanding (in shares)	0	0
Ordinary shares, voting rights	one vote per share
Preferred Stock Minimum Number of Series	1
Authorized Share Capital Common and Preferred Stock Value | $	$ 13,500
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $	$ 4,200,000,000

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Share Repurchases) (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020		Jun. 28, 2019
Repurchases of Equity Securities, Number of Shares Repurchased
Number of shares repurchased, cumulative, beginning of the period (in shares)	392	374		352
Number of shares repurchased, during the period (in shares)	34	18	[1]	22	[1]
Number of shares repurchased, cumulative, end of the period (in shares)	426	392		374
Repurchases of Equity Securities, Dollar Value of Shares Repurchased
Dollar value of shares repurchased, cumulative, beginning of the period	$ 12,386	$ 11,499		$ 10,502
Dollar value of shares repurchased during the period	2,081	887	[1]	997	[1]
Dollar value of shares repurchased, cumulative, end of the period	14,467	12,386		11,499
Settlement in connection with tax withholding	$ 33	$ 40		$ 31
Settlement of shares in connection with tax withholding (in shares)	1	1		1
[1]	For fiscal years 2021, 2020 and 2019, includes net share settlements of $33 million, $40 million and $31 million for 1 million, 1 million and 1 million shares, respectively, in connection with tax withholding related to vesting of restricted share units .

Share-based Compensation (Narra

Share-based Compensation (Narrative) (Details)	Nov. 04, 2011shares	Jul. 02, 2021USD ($)mo$ / sharesshares	Jul. 03, 2020USD ($)$ / sharesshares	Jun. 28, 2019USD ($)shares	Oct. 29, 2019$ / sharesshares	Oct. 19, 2016$ / sharesshares	Oct. 06, 2015shares	Oct. 22, 2014$ / sharesshares	Oct. 26, 2011$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Par value (usd per share) | $ / shares		$ 0.00001	$ 0.00001
Share-based compensation		$ 112,000,000	$ 109,000,000	$ 99,000,000
Defined Contribution Plan
Percentage match of employee contribution under 401(k) plan (as a percent)		50.00%
Maximum contribution match by the employer as a percentage of employee compensation (as a percent)		6.00%
Maximum amount of contribution per employee made by the employer per year		$ 6,000
Matching contributions		15,000,000	15,000,000	16,000,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost of estimated forfeitures		$ 16,000,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition		2 years 6 months
Share-based Compensation Arrangement, Vesting Period Maximum		4 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost of estimated forfeitures		$ 3,000,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition		1 year 6 months
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised		$ 31,000,000	22,000,000	5,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			9,000,000
Unrecognized compensation cost		$ 6,000,000
Number of shares, granted | shares		300,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition		2 years 4 months 24 days
STX 2012 EIP [Member] | Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized | shares					12,100,000	7,500,000		25,000,000	27,000,000
Par value (usd per share) | $ / shares					$ 0.00001	$ 0.00001		$ 0.00001	$ 0.00001
Number of shares available for grant | shares		19,000,000
STX 2004 SCP [Member] | Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares deregistered from the plan | shares	11,000,000
Equity Incentive Plan Dot Hill 2009 [Member] [Domain] | Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized | shares							2,000,000
ESPP [Member] | Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized | shares		60,000,000
Per share weighted average price of shares purchased | $ / shares		$ 38.24
Number of shares available for grant | shares		8,400,000
Offering period for Stock Purchase Plan (in months)		6 months
Maximum number of shares per offering period | shares		1,500,000
Employee purchase price, percentage of fair market value of ordinary shares		85.00%
Aggregate intrinsic value of options exercised		$ 27,000,000	$ 19,000,000	$ 10,000,000
Unrecognized compensation cost		$ 1,400,000
Number of shares, granted | shares		1,500,000
Full Value Share Awards [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining award vesting period (in months) | mo		36
TSR/ROIC [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | shares		300,000	300,000	400,000
Performance period (in years)		3 years
Minimum percentage of targeted stock units to vest (as a percent)		0.00%
Maximum percentage of targeted stock units to vest (as a percent)		200.00%
AEPS [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options to be vested on first anniversary of vesting commencement date (as a percent)		25.00%
Award vesting period		7 years
AEPS [Member] | Performance Shares [Member] | Senior Executive Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | shares		100,000	100,000	100,000
Nonvested Shares [Member] | Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value of nonvested shares vested		$ 4,000,000	$ 6,000,000
Nonvested Shares [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		204,000,000
Performance Awards Market Condition [Member] | Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value of nonvested shares vested		8,000,000	12,000,000	$ 12,000,000
Performance Awards Market Condition [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value of nonvested shares vested		75,000,000	$ 71,000,000	$ 57,000,000
Performance Awards Market Condition [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 23,000,000
Share-based Compensation Award, Tranche One [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options to be vested on first anniversary of vesting commencement date (as a percent)		25.00%
Share-based Compensation Award, Tranche Two through Four [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options to be vested on first anniversary of vesting commencement date (as a percent)		75.00%

Share-based Compensation (Fair

Share-based Compensation (Fair Value of Nonvested Shares and Performance Shares) (Details)	12 Months Ended
	Jul. 02, 2021$ / shares
Stock Compensation Plan [Member] | Nonvested Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value (in dollars per share)	$ 50.64

Share-based Compensation (Weigh

Share-based Compensation (Weighted-average assumptions used to determine the fair value) (Details) - $ / shares	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility, low end of the range	37.00%	39.00%	39.00%
Volatility, high end of the range	38.00%		40.00%
Weighted-average expected dividend rate	5.60%	4.60%	5.00%
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	4 years 2 months 12 days	4 years 2 months 12 days	4 years 2 months 12 days
Weighted-average volatility	38.00%	39.00%	39.00%
Expected dividend rate		420.00%
Weighted-average expected dividend rate	4.70%	4.20%	4.70%
Risk-free interest rate, minimum	0.20%	1.40%	2.50%
Risk-free interest rate, maximum	0.70%		2.80%
Weighted average fair value	$ 10.77	$ 12.41	$ 11.49
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	3.20%		4.60%
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	5.20%		5.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected dividend rate	4.60%	4.30%	4.70%
Weighted average fair value	$ 50.64	$ 49.49	$ 44.37
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	1 year	1 year	1 year
Expected dividend rate	2.50%	3.90%	4.10%
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years 6 months	2 years 6 months	2 years 6 months
Expected dividend rate	5.40%	5.80%	6.40%
Employee Stock [Member] | ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months	6 months
Volatility, low end of the range	39.00%	32.00%	34.00%
Volatility, high end of the range	44.00%	35.00%	42.00%
Weighted-average volatility	42.00%	33.00%	38.00%
Weighted-average expected dividend rate	5.10%	4.90%	5.20%
Risk-free interest rate, minimum		1.60%	2.20%
Risk-free interest rate, maximum		2.00%	2.40%
Risk-free interest rate	0.10%
Weighted average fair value	$ 13.77	$ 12.23	$ 12.18
Employee Stock [Member] | ESPP [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	4.00%	4.30%	4.80%
Employee Stock [Member] | ESPP [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	5.80%	5.40%	5.60%
Performance Shares [Member] | TSR/ROIC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	3 years	3 years	3 years
Volatility	38.00%	37.00%	46.00%
Weighted-average volatility	38.00%	37.00%	46.00%
Expected dividend rate	5.60%	4.60%	5.00%
Risk-free interest rate	0.20%	1.50%	2.80%
Weighted average fair value	$ 43.20	$ 52.39	$ 46.38
Performance Shares [Member] | AEPS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years 6 months	2 years 6 months	2 years 6 months
Expected dividend rate		4.20%
Weighted-average expected dividend rate	4.90%	4.20%	4.70%
Weighted average fair value	$ 45.50	$ 49.27	$ 43.92
Performance Shares [Member] | AEPS [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	3.20%		4.60%
Performance Shares [Member] | AEPS [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	5.20%		5.00%

Share-based Compensation (Stock

Share-based Compensation (Stock option activity) (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 9
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	2 years 4 months 24 days
Number of shares, outstanding at the beginning of the period	2.4
Number of shares, granted	0.3
Number of shares, exercised	(1.1)
Number of shares, forfeitures	0
Number of shares, expirations	0
Number of shares, outstanding at the end of the period	1.6	2.4
Number of shares, vested and expected to vest	1.6
Number of shares, exercisable	1
Weighted-average exercise price, outstanding at the beginning of the period (in dollars per share)	$ 44.18
Weighted-average exercise price, granted (in dollars per share)	53.06
Weighted average exercise price option issued (in dollars per share)	46.62
Weighted-average exercise price, forfeitures (in dollars per share)	30.95
Weighted-average exercise price, expirations (in dollars per share)	65.68
Weighted-average exercise price, outstanding at the end of the period (in dollars per share)	44.24	$ 44.18
Weighted-average exercise price, vested and expected to vest (in dollars per share)	44.09
Weighted-average exercise price, exercisable (in dollars per share)	$ 39.94
Weighted-average remaining contractual term, outstanding at the beginning of the period (in years)	4 years	3 years 8 months 12 days
Weighted-average remaining contractual term, outstanding at the end of the period (in years)	4 years	3 years 8 months 12 days
Weighted-average remaining contractual term, vested and expected to vest (in years)	4 years
Weighted-average remaining contractual term, exercisable (in years)	3 years 1 month 6 days
Aggregate intrinsic value, outstanding at the beginning of the period	$ 15
Aggregate intrinsic value, outstanding at the end of the period	69	$ 15
Aggregate intrinsic value, vested and expected to vest	68
Aggregate intrinsic value, exercisable	$ 47

Share-based Compensation (Nonve

Share-based Compensation (Nonvested share activity) (Details) - Nonvested Shares [Member] - Stock Compensation Plan [Member] shares in Millions	12 Months Ended
	Jul. 02, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, nonvested at the beginning of the period | shares	4.8
Number of shares, granted | shares	3.3
Number of shares, forfeitures | shares	(0.2)
Number of shares, vested | shares	(2)
Number of shares, nonvested at the end of the period | shares	5.9
Weighted-average grant-date fair value, nonvested at the beginning of the period (in dollars per share) | $ / shares	$ 41.77
Weighted-average grant-date fair value, granted (in dollars per share) | $ / shares	50.64
Weighted-average grant-date fair value, forfeitures (in dollars per share) | $ / shares	38.06
Weighted-average grant-date fair value, vested (in dollars per share) | $ / shares	38.28
Weighted-average grant-date fair value, nonvested at the end of the period (in dollars per share) | $ / shares	$ 47.81

Share-based Compensation (Perfo

Share-based Compensation (Performance award activity) (Details) - Performance Shares [Member] - $ / shares shares in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	1 year 6 months
TSR/ROIC [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	0.3	0.3	0.4
Performance Awards Market Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, nonvested at the beginning of the period	0.9
Number of shares, granted	0.6
Number of shares, forfeitures	0
Number of shares, vested	(0.5)
Number of shares, nonvested at the end of the period	1	0.9
Weighted-average grant-date fair value, nonvested at the beginning of the period (in dollars per share)	$ 42.77
Weighted-average grant-date fair value, granted (in dollars per share)	38.11
Weighted-average grant-date fair value, forfeitures (in dollars per share)	46.93
Weighted-average grant-date fair value, vested (in dollars per share)	28.20
Weighted-average grant-date fair value, nonvested at the end of the period (in dollars per share)	$ 46.56	$ 42.77

Guarantees (Narrative) (Details

Guarantees (Narrative) (Details) - USD ($)	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019	Jun. 29, 2018
Schedule of Fiscal Years [Line Items]
intellectual property indemnification obligations	$ 0
intellectual property indemnification obligations	0
Standard product warranty accrual	136,000,000	$ 151,000,000	$ 195,000,000	$ 237,000,000
Standard product warranty accrual, period increase (decrease)	$ 15,000,000
Minimum [Member]
Schedule of Fiscal Years [Line Items]
Product warranty period term (in years)	1 year
Maximum [Member]
Schedule of Fiscal Years [Line Items]
Product warranty period term (in years)	5 years

Guarantees (Product Warranty) (

Guarantees (Product Warranty) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of period	$ 151	$ 195	$ 237
Warranties issued	76	86	112
Repairs and replacements	(81)	(85)	(99)
Changes in liability for pre-existing warranties, including expirations	(10)	(45)	(55)
Balance, end of period	$ 136	$ 151	$ 195

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of computation of basic and diluted net income (loss) per share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Numerator:
Net income	$ 1,314	$ 1,004	$ 2,012
Number of shares used in per share calculations:
Total shares for purposes of calculating basic net income per share attributable to Seagate Technology plc	242	262	282
Weighted-average effect of dilutive securities:
Employee equity award plans	3	3	3
Total shares for purpose of calculating diluted net income per share attributable to Seagate Technology plc	245	265	285
Net income per share attributable to Seagate Technology plc ordinary shareholders:
Basic net income per share (in dollars per share)	$ 5.43	$ 3.83	$ 7.13
Diluted net income per share (in dollars per share)	$ 5.36	$ 3.79	$ 7.06

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Millions	12 Months Ended
	Jul. 02, 2021USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
Unrecorded Unconditional Purchase Obligation	$ 161
Unrecorded Unconditional Purchase Obligation, Due within Two Years	44
Unrecorded Unconditional Purchase Obligation, Due within Three Years	32
Unrecorded Unconditional Purchase Obligation, Due within Four Years	24
Capital Expenditures [Abstract]
Unrecorded Unconditional Purchase Obligation, to be Paid, Year One	47
Unrecorded Unconditional Purchase Obligation, Due within Five Years	14
Capital Addition Purchase Commitments [Member]
Capital Expenditures [Abstract]
Long-term purchase commitment, amount	$ 65

Business Segment and Geograph_3

Business Segment and Geographic Information (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas) (Details) - USD ($) $ in Millions		12 Months Ended
		Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Revenue from external customers and long-lived assets
Revenue	[1]	$ 10,681	$ 10,509	$ 10,390
Long-lived assets	[2]	2,275	2,225	1,923
Singapore
Revenue from external customers and long-lived assets
Revenue	[1]	5,180	5,032	5,085
Long-lived assets	[2]	570	601	556
United States
Revenue from external customers and long-lived assets
Revenue	[1]	3,656	3,583	3,310
Long-lived assets	[2]	612	567	523
The Netherlands
Revenue from external customers and long-lived assets
Revenue	[1]	1,825	1,572	1,630
Other
Revenue from external customers and long-lived assets
Revenue	[1]	20	322	365
Long-lived assets	[2]	411	376	286
Thailand
Revenue from external customers and long-lived assets
Long-lived assets	[2]	$ 682	$ 681	$ 558
[1]	Revenue is attributed to countries based on the bill from location.
[2]	Revenue is attributed to countries based on the bill from location.

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 10,681	$ 10,509	$ 10,390
Americas
Disaggregation of Revenue [Line Items]
Revenue	3,656	3,583	3,310
EMEA
Disaggregation of Revenue [Line Items]
Revenue	1,827	1,866	1,965
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	5,198	5,060	5,115
OEMs
Disaggregation of Revenue [Line Items]
Revenue	7,403	7,504	7,261
Distributors
Disaggregation of Revenue [Line Items]
Revenue	1,854	1,738	1,780
Retailers
Disaggregation of Revenue [Line Items]
Revenue	$ 1,424	$ 1,267	$ 1,349

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Jul. 19, 2021	Jul. 02, 2021	Jul. 03, 2020	Jun. 28, 2019
Subsequent Event [Line Items]
Cash dividends declared per ordinary share (in dollars per share)		$ 2.66	$ 2.58	$ 2.52
Subsequent event [Member]
Subsequent Event [Line Items]
Cash dividends declared per ordinary share (in dollars per share)	$ 0.67