XML 37 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Results of Operations
 12 Months Ended
Jul. 01, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations
Quarterly Results of Operations (unaudited)
 
First (1)
 
Second (2)
 
Third (3)
 
Fourth (4)
 
(in millions, except per share amounts)
2016
 
 
 
 
 
 
 
Revenue, net
$
3,360

 
$
3,317

 
$
2,822

 
$
3,495

Gross profit
955

 
906

 
753

 
821

Operating income
322

 
251

 
88

 
(195
)
Net income
283

 
251

 
74

 
(366
)
Basic income per common share
$
1.23

 
$
1.08

 
$
0.32

 
$
(1.40
)
Diluted income per common share
$
1.21

 
$
1.07

 
$
0.32

 
$
(1.40
)
 
 
(1) 
Includes $56 million of employee termination, asset impairment and other charges related to business realignment.
(2) 
Includes $27 million of employee termination, asset impairment and other charges related to business realignment, $32 million of charges related to interest on an arbitration award and $27 million of costs related to the acquisition of SanDisk.
(3) 
Includes $140 million of employee termination, asset impairment and other charges related to the closure of the Company’s Odawara Facility and business realignment and $16 million of costs related to the acquisition of SanDisk.
(4) 
Includes $122 million of employee termination, asset impairment and other charges related to the closure of the Company’s Odawara Facility and Restructuring Plan, and $116 million of costs related to the acquisition of SanDisk.
 
First (1)
 
Second (2)
 
Third (3)
 
Fourth (4)
 
(in millions, except per share amounts)
2015
 
 
 
 
 
 
 
Revenue, net
$
3,943

 
$
3,888

 
$
3,550

 
$
3,191

Gross profit
1,149

 
1,110

 
1,032

 
930

Operating income
469

 
466

 
421

 
255

Net income
423

 
438

 
384

 
220

Basic income per common share
$
1.81

 
$
1.88

 
$
1.66

 
$
0.95

Diluted income per common share
$
1.76

 
$
1.84

 
$
1.63

 
$
0.94

 
 
(1) 
Includes $9 million of employee termination, asset impairment and other charges and $14 million of charges related to interest on an arbitration award.
(2) 
Includes $53 million of employee termination, asset impairment and other charges, $1 million of charges related to interest on an arbitration award and a $37 million gain on flood-related insurance recovery.
(3) 
Includes $10 million of employee termination, asset impairment and other charges.
(4) 
Includes $104 million of employee termination, asset impairment and other charges.