Other Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Total inventories consisted of the following (in millions):

Other long-term assets consisted of the following (in millions):



	As of
	March 31, 2015		December 31, 2014
Privately-held investments	$	93.1	$	89.9
Licensed software	8.3		8.6
Federal income tax receivable	28.9		20.0
Customer financing receivable	4.5		16.9
Inventory	9.8		8.0
Prepaid costs, deposits, and other	63.7		35.5
Promissory note in connection with the sale of Junos Pulse⁽¹⁾	125.0		125.0
Other long-term assets	$	333.3	$	303.9

_______________________________


⁽¹⁾	On October 1, 2014, the Company completed the sale of its Junos Pulse product portfolio. The Company received total consideration of $230.7 million, of which $105.7 million was in cash, net of a $19.3 million working capital adjustment, and $125.0 million was in the form of an 18-month non-contingent interest bearing promissory note issued to the Company.

Changes in the Company’s warranty reserve during the three months ended March 31, 2015 were as follows (in millions):



Balance as of December 31, 2014	$	28.7
Provisions made during the period	7.3
Actual costs incurred during the period	(7.1		)
Balance as of March 31, 2015	$	28.9

Details of the Company's deferred revenue, as reported in the Condensed Consolidated Balance Sheets, were as follows (in millions):



	As of
	March 31, 2015			December 31, 2014
Deferred product revenue:
Undelivered product commitments and other product deferrals	$	229.5		$	180.3
Distributor inventory and other sell-through items	90.0			103.7
Deferred gross product revenue	319.5			284.0
Deferred cost of product revenue	(66.1		)	(58.4		)
Deferred product revenue, net	253.4			225.6
Deferred service revenue	921.3			850.1
Total	$	1,174.7		$	1,075.7
Reported as:
Current	$	855.5		$	780.8
Long-term	319.2			294.9
Total	$	1,174.7		$	1,075.7

Other (expense) income, net, consisted of the following (in millions):