| Allowance for Doubtful Accounts |
Activity in the allowance for doubtful accounts was as follows:
|
|
|
|
(In millions) |
|
|
|
|
|
|
|
|
Nine Months Ended March 31, 2018 |
|
|
|
|
|
Balance, beginning of period |
|
$ |
361 |
|
|
Charged to costs and other |
|
|
41 |
|
|
Write-offs |
|
|
(74 |
) |
|
|
|
|
|
|
|
|
|
|
Balance, end of period |
|
$ |
328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported as of March 31, 2018 |
|
|
|
|
|
Accounts receivable, net of allowance for doubtful accounts |
|
$ |
311 |
|
|
Other long-term assets |
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
328 |
|
|
|
|
|
|
|
|
| Impact of Tax Cuts and Jobs Act on Previously Reported Balances of Prior Period Income Tax Liabilities |
As a result of the TCJA, we have recast certain prior period income tax liabilities on our consolidated balance sheets to conform to the current period presentation. Previously reported balances were impacted as follows:
|
(In millions) |
|
As
Previously
Reported |
|
|
As
Adjusted |
|
|
|
|
|
|
|
|
Balance Sheets |
|
|
|
|
|
|
June 30,
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
Long-term income taxes |
|
$ |
0 |
|
|
$ |
13,485 |
|
|
Other long-term liabilities |
|
|
17,034 |
|
|
|
3,549 |
|
|
|
|
|
|
|
|
|
|
|
|
| Impacts of Adoption of Standards Related to Revenue Recognition and Leases to Previously Reported Results |
Adoption of the standards related to revenue recognition and leases impacted our previously reported results as follows:
|
(In millions, except per share amounts) |
|
As
Previously
Reported |
|
|
New
Revenue
Standard
Adjustment |
|
|
As
Restated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
22,090 |
|
|
$ |
1,122 |
|
|
$ |
23,212 |
|
|
Provision for income taxes |
|
|
1,115 |
|
|
|
493 |
|
|
|
1,608 |
|
|
Net income |
|
|
4,801 |
|
|
|
685 |
|
|
|
5,486 |
|
|
Diluted earnings per share |
|
|
0.61 |
|
|
|
0.09 |
|
|
|
0.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended March 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
66,633 |
|
|
$ |
4,333 |
|
|
$ |
70,966 |
|
|
Provision for income taxes |
|
|
2,913 |
|
|
|
1,610 |
|
|
|
4,523 |
|
|
Net income |
|
|
14,691 |
|
|
|
2,729 |
|
|
|
17,420 |
|
|
Diluted earnings per share |
|
|
1.87 |
|
|
|
0.35 |
|
|
|
2.22 |
|
|
|
|
|
(In millions) |
|
As
Previously
Reported |
|
|
New
Revenue
Standard
Adjustment |
|
|
New Lease
Standard
Adjustment |
|
|
As
Restated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net of allowance for doubtful accounts |
|
$ |
19,792 |
|
|
$ |
2,639 |
|
|
$ |
0 |
|
|
$ |
22,431 |
|
|
Operating lease right-of-use assets |
|
|
0 |
|
|
|
0 |
|
|
|
6,555 |
|
|
|
6,555 |
|
|
Other current and long-term assets |
|
|
11,147 |
|
|
|
32 |
|
|
|
0 |
|
|
|
11,179 |
|
|
Unearned revenue |
|
|
44,479 |
|
|
|
(17,823 |
) |
|
|
0 |
|
|
|
26,656 |
|
|
Deferred income taxes |
|
|
531 |
|
|
|
5,203 |
|
|
|
0 |
|
|
|
5,734 |
|
|
Operating lease liabilities |
|
|
0 |
|
|
|
0 |
|
|
|
5,372 |
|
|
|
5,372 |
|
|
Other current and long-term liabilities |
|
|
23,464 |
|
|
|
(26 |
) |
|
|
1,183 |
|
|
|
24,621 |
|
|
Stockholders' equity |
|
|
72,394 |
|
|
|
15,317 |
|
|
|
0 |
|
|
|
87,711 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|