v3.21.2
UNEARNED REVENUE
 3 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
UNEARNED REVENUE

NOTE 12 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

2021

 

 

June 30,
2021

 

 

 

 

Productivity and Business Processes

 

$

20,565

 

 

$

22,120

 

Intelligent Cloud

 

 

16,117

 

 

 

17,710

 

More Personal Computing

 

 

4,333

 

 

 

4,311

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

41,015

 

 

$

44,141

 

 

 

 

 

 

 

 

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

 

 

Three Months Ended September 30, 2021

 

 

 

Balance, beginning of period

 

$

44,141

 

Deferral of revenue

 

 

21,970

 

Recognition of unearned revenue

 

 

(25,096

)

 

 

 

 

 

 

 

Balance, end of period

 

$

41,015

 

 

 

 

 

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $142 billion as of September 30, 2021, of which $137 billion is related to the commercial portion of revenue. We expect to recognize approximately 50% of this revenue over the next 12 months and the remainder thereafter.