Analysis of Debt

Western Digital Corp., balance sheet: debt

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
Current portion of long-term debt	1,213)	—)	251)	286)	276)	179)
Long-term debt, less current portion	5,857)	7,022)	8,474)	9,289)	10,246)	10,993)
Total long-term debt, including current portion (carrying amount)	7,070)	7,022)	8,725)	9,575)	10,522)	11,172)

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Debt item	Description	The company
Total long-term debt, including current portion (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Western Digital Corp. total debt decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

	Jun 30, 2023
Selected Financial Data (US$ in millions)
Financial instruments	6,692)
Revolving credit facility maturing 2023	—)
Total long-term debt, including current portion (fair value)	6,692)
Financial Ratio
Debt, fair value to carrying amount ratio	0.95

Weighted-average interest rate on debt: 4.68%

Interest rate	Debt amount¹	Interest rate × Debt amount
1.50%	1,100)	17)
4.75%	2,300)	109)
6.56%	2,700)	177)
2.85%	500)	14)
3.10%	500)	16)
Total	7,100)	333)
4.68%

¹ US$ in millions

² Weighted-average interest rate = 100 × 333 ÷ 7,100 = 4.68%

Western Digital Corp. (NASDAQ:WDC)