Related Party Transactions

12 Months Ended

Jun. 28, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

In connection with the Company's acquisition of the Samsung HDD business, Samsung became a shareholder of the Company and appointed one of its executives to the Company's Board of Directors.

Samsung Electronics Co. Ltd. (“Samsung”) The Company recorded revenue of $413 million and $407 million from sales to Samsung for fiscal year 2013 and 2012, respectively. The Company made payments to Samsung in fiscal years 2013 and 2012 of $393 million and $102 million, respectively, related to purchases of components and services. The Company had accounts payable to Samsung of $48 million and $25 million at June 28, 2013 and June 29, 2012, respectively. The Company had accounts receivable from Samsung of $49 million and $64 million at June 28, 2013 and June 29, 2012, respectively.

During the years presented, members of the Company's board of directors also served on the boards of the following companies with which the Company had transactions:

Symantec Corporation (“Symantec”) The Company made payments of $30 million for the purchase of its new Cupertino, California facility to Symantec in fiscal year 2011.

United Parcel Service, Inc. ("UPS") The Company made payments for freight and logistics services to UPS of $94 million and $150 million in fiscal years 2012, and 2011, respectively. At June 29, 2012, the Company had accounts payable to UPS of $15 million. UPS was no longer deemed a related party during fiscal year 2013.

LSI Corporation (“LSI”) The Company recorded revenue of $4 million and $65 million from sales to LSI for fiscal years 2012 and 2011, respectively. There was no material revenue in fiscal year 2013. The Company made payments to LSI in fiscal years 2013, 2012, and 2011 of $574 million, $685 million and $333 million, respectively, related to purchases of various components. The Company had accounts payable to LSI of $79 million and $455 million at June 28, 2013 and June 29, 2012, respectively.

Microsoft Corporation (“Microsoft”) The Company recorded revenue of $141 million and $54 million from sales to Microsoft for fiscal year 2013 and 2012, respectively. The Company made payments to Microsoft in fiscal year 2013 and 2012 of $2 million and $24 million, respectively, related to purchases of licensed software. The Company had accounts receivable from Microsoft of $33 million and $39 million at June 28, 2013 and June 29, 2012.