| Allowance for Doubtful Accounts |
Activity in the allowance for doubtful accounts was as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
2018 |
|
|
|
|
2017 |
|
|
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of period |
|
$ |
361 |
|
|
|
$ |
409 |
|
|
$ |
289 |
|
|
Charged to costs and other |
|
|
134 |
|
|
|
|
58 |
|
|
|
175 |
|
|
Write-offs |
|
|
(98 |
) |
|
|
|
(106 |
) |
|
|
(55 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, end of period |
|
$ |
397 |
|
|
|
$ |
361 |
|
|
$ |
409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for doubtful accounts included in our consolidated balance sheets:
|
|
|
|
|
|
|
|
|
June 30, |
|
|
2018 |
|
|
|
|
2017 |
|
|
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net of allowance for doubtful accounts |
|
$ |
377 |
|
|
|
$ |
345 |
|
|
$ |
392 |
|
|
Other long-term assets |
|
|
20 |
|
|
|
|
16 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
397 |
|
|
|
$ |
361 |
|
|
$ |
409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 in 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
89,950 |
|
|
$ |
6,621 |
|
|
$ |
96,571 |
|
|
Provision for income taxes |
|
|
1,945 |
|
|
|
2,467 |
|
|
|
4,412 |
|
|
Net income |
|
|
21,204 |
|
|
|
4,285 |
|
|
|
25,489 |
|
|
Diluted earnings per share |
|
|
2.71 |
|
|
|
0.54 |
|
|
|
3.25 |
|
|
|
|
|
Year Ended June 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
85,320 |
|
|
$ |
5,834 |
|
|
$ |
91,154 |
|
|
Provision for income taxes |
|
|
2,953 |
|
|
|
2,147 |
|
|
|
5,100 |
|
|
Net income |
|
|
16,798 |
|
|
|
3,741 |
|
|
|
20,539 |
|
|
Diluted earnings per share |
|
|
2.10 |
|
|
|
0.46 |
|
|
|
2.56 |
|
|
|
|
|
(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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|