Other Financial Information (Tables)

3 Months Ended

Mar. 31, 2016

Total inventories consisted of the following (in millions):

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



	As of
	March 31, 2016		December 31, 2015
Privately-held investments	$	107.8	$	102.4
Licensed software	6.7		7.1
Federal income tax receivable	43.7		28.9
Customer financing receivable	2.2		—
Inventory	7.2		8.4
Prepaid costs, deposits, and other^(*)	76.3		99.2
Promissory note in connection with the sale of Junos Pulse	132.9		132.9
Other long-term assets	$	376.8	$	378.9

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^(*)	During the three months ended March 31, 2016, the Company adopted ASU 2015-03. The balance as of December 31, 2015 was retrospectively adjusted to conform to the current-year presentation.

Changes in the Company’s warranty reserve during the three months ended March 31, 2016 were as follows (in millions):



Balance as of December 31, 2015	$	28.4
Provisions made during the period	6.6
Actual costs incurred during the period	(6.6		)
Balance as of March 31, 2016	$	28.4

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



	As of
	March 31, 2016			December 31, 2015
Deferred product revenue:
Undelivered product commitments and other product deferrals	$	205.6		$	210.1
Distributor inventory and other sell-through items	102.8			81.8
Deferred gross product revenue	308.4			291.9
Deferred cost of product revenue	(47.3		)	(51.6		)
Deferred product revenue, net	261.1			240.3
Deferred service revenue	998.9			927.8
Total	$	1,260.0		$	1,168.1
Reported as:
Current	$	893.3		$	822.9
Long-term	366.7			345.2
Total	$	1,260.0		$	1,168.1

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