Western Digital Corp., adjusted total assets

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
Total assets	24,429)	26,259)	26,132)	25,662)	26,370)	29,235)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	242)	172)
Less: Noncurrent deferred tax assets, net²	111)	100)	188)	—)	—)	215)
After Adjustment
Adjusted total assets	24,318)	26,159)	25,944)	25,662)	26,612)	29,192)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax assets, net. See details »

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Western Digital Corp., adjusted current liabilities

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
Current liabilities	5,434)	5,237)	4,870)	4,406)	3,817)	4,456)
Adjustments
Less: Warranty accrual, current portion (included in Accrued expenses)	97)	162)	175)	205)	188)	168)
After Adjustment
Adjusted current liabilities	5,337)	5,075)	4,695)	4,201)	3,629)	4,288)

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Western Digital Corp., adjusted total liabilities

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
Total liabilities	12,706)	14,038)	15,411)	16,111)	16,403)	17,704)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	242)	172)
Less: Noncurrent deferred tax liabilities²	—)	—)	—)	45)	138)	—)
Less: Warranty accrual	244)	345)	363)	408)	350)	318)
After Adjustment
Adjusted total liabilities	12,462)	13,693)	15,048)	15,658)	16,157)	17,558)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Western Digital Corp., adjusted shareholders’ equity

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
Shareholders’ equity	11,723)	12,221)	10,721)	9,551)	9,967)	11,531)
Adjustments
Less: Deferred tax assets (liabilities), net¹	111)	100)	188)	(45)	(138)	215)
Add: Warranty accrual	244)	345)	363)	408)	350)	318)
After Adjustment
Adjusted shareholders’ equity	11,856)	12,466)	10,896)	10,004)	10,455)	11,634)

¹ Deferred tax assets (liabilities), net. See details »

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Western Digital Corp., adjusted capitalization table

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
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 reported debt	7,070)	7,022)	8,725)	9,575)	10,522)	11,172)
Shareholders’ equity	11,723)	12,221)	10,721)	9,551)	9,967)	11,531)
Total reported capital	18,793)	19,243)	19,446)	19,126)	20,489)	22,703)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	242)	172)
Add: Current portion of operating lease liabilities (included in Accrued expenses)²	40)	40)	33)	36)	—)	—)
Add: Long-term operating lease liabilities (included in Other liabilities)³	244)	277)	204)	209)	—)	—)
Adjusted total debt	7,354)	7,339)	8,962)	9,820)	10,764)	11,344)
Adjustments to Equity
Less: Deferred tax assets (liabilities), net⁴	111)	100)	188)	(45)	(138)	215)
Add: Warranty accrual	244)	345)	363)	408)	350)	318)
Adjusted shareholders’ equity	11,856)	12,466)	10,896)	10,004)	10,455)	11,634)
After Adjustment
Adjusted total capital	19,210)	19,805)	19,858)	19,824)	21,219)	22,978)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities (included in Accrued expenses). See details »

³ Long-term operating lease liabilities (included in Other liabilities). See details »

⁴ Deferred tax assets (liabilities), net. See details »

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Western Digital Corp., adjusted net income (loss)

US$ in millions

12 months ended:	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
As Reported
Net income (loss)	(1,706)	1,500)	821)	(250)	(754)	675)
Adjustments
Add: Deferred income tax expense (benefit)¹	(34)	114)	(242)	(82)	374)	(348)
Add: Increase (decrease) in warranty accrual	(101)	(18)	(45)	58)	32)	7)
Add: Other comprehensive gain (loss), net of tax	38)	(357)	(40)	(89)	(29)	19)
After Adjustment
Adjusted net income (loss)	(1,803)	1,239)	494)	(363)	(377)	353)

¹ Deferred income tax expense (benefit). See details »

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Western Digital Corp. (NASDAQ:WDC)

Adjustments to Financial Statements