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Other Financial Information (Tables)
 12 Months Ended
Dec. 31, 2015
Other Financial Information [Abstract]  
Inventories
Total inventories consisted of the following (in millions):
 
As of December 31,
 
2015
 
2014
Production materials
$
61.9

 
$
38.3

Finished goods
13.1

 
24.2

Inventories
$
75.0

 
$
62.5
Property and equipment
Property and equipment, net, consisted of the following (in millions):
 
As of December 31,
 
2015
 
2014
Computers and equipment
$
915.1

 
$
806.1

Software
169.1

 
161.2

Leasehold improvements
203.4

 
179.5

Furniture and fixtures
43.2

 
33.7

Building and building improvements
246.1

 
238.4

Land and land improvements
241.1

 
241.0

Construction-in-process (1)
158.2

 
70.3

Property and equipment, gross
1,976.2

 
1,730.2

Accumulated depreciation
(955.2
)
 
(825.9
)
Property and equipment, net
$
1,021.0

 
$
904.3


_______________________________
(1) On July 10, 2015, the Company entered into a data center lease agreement that was accounted for as a build-to-suit lease. As the Company was deemed to be the owner of the property during the construction period, the Company capitalized the construction cost in property, plant and equipment and recorded a corresponding financing liability of $45.6 million on the Consolidated Balance Sheet as of December 31, 2015.
Other long-term assets
Other long-term assets consisted of the following (in millions):
 
As of December 31,
 
2015
 
2014
Privately-held investments
$
102.4

 
$
89.9

Licensed software
7.1

 
8.6

Federal income tax receivable
28.9

 
20.0

Customer financing receivable
—

 
16.9

Inventory
8.4

 
8.0

Prepaid costs, deposits, and other(1)
110.5

 
75.1

Promissory note, including principal and accrued interest, in connection with the sale of
   Junos Pulse
132.9

 
125.0

Other long-term assets(1)
$
390.2

 
$
343.5


_______________________________

(1) 
During the year ended December 31, 2015, the Company early adopted ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes, requiring all deferred tax assets and liabilities, and any related valuation allowance, to be classified as non-current on the Consolidated Balance Sheets. Certain amounts in the prior-year Consolidated Financial Statements were retrospectively adjusted to conform to the current-year presentation.
Warranties
Changes in the Company’s warranty reserve were as follows (in millions):
 
As of December 31,
 
2015
 
2014
Beginning balance
$
28.7

 
$
28.0

Provisions made during the period, net
27.9

 
28.6

Actual costs incurred during the period
(28.2
)
 
(27.9
)
Ending balance
$
28.4

 
$
28.7
Deferred revenue
Details of the Company's deferred revenue, as reported in the Consolidated Balance Sheets, were as follows (in millions):
 
As of December 31,
 
2015
 
2014
Deferred product revenue:
 
 
 
Undelivered product commitments and other product deferrals
$
210.1

 
$
180.3

Distributor inventory and other sell-through items
81.8

 
103.7

Deferred gross product revenue
291.9

 
284.0

Deferred cost of product revenue
(51.6
)
 
(58.4
)
Deferred product revenue, net
240.3

 
225.6

Deferred service revenue
927.8

 
850.1

Total
$
1,168.1

 
$
1,075.7

Reported as:
 
 
 
Current
$
822.9

 
$
780.8

Long-term
345.2

 
294.9

Total
$
1,168.1

 
$
1,075.7
Other (expense) income, net
Other (expense) income, net consisted of the following (in millions):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Interest income
$
21.8

 
$
10.0

 
$
8.7

Interest expense
(83.3
)
 
(66.9
)
 
(58.4
)
Net gain on legal settlement
—

 
196.1

 
—

Gain on investments
6.8

 
167.9

 
11.3

Gain on sale of Junos Pulse
—

 
19.6

 
—

Other
(5.1
)
 
6.7

 
(2.0
)
Other (expense) income, net
$
(59.8
)
 
$
333.4

 
$
(40.4
)