Other Financial Information (Tables)

6 Months Ended

Jun. 30, 2016

Total inventories consisted of the following (in millions):

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



	As of
	June 30, 2016		December 31, 2015
Privately-held investments	$	88.5	$	102.4
Licensed software	6.2		7.1
Federal income tax receivable	40.8		28.9
Inventory	5.6		8.4
Prepaid costs, deposits, and other^(*)	47.2		43.3
Deferred tax asset	13.2		55.9
Promissory note in connection with the sale of Junos Pulse	57.9		132.9
Other long-term assets	$	259.4	$	378.9

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^(*)	During the six months ended June 30, 2016, the Company adopted ASU 2015-03. As a result, debt issuance costs included in prepaid costs, deposits, and other were reclassified to long-term debt as of December 31, 2015 to conform to the current-year presentation.

Changes in the Company’s warranty reserve during the six months ended June 30, 2016 were as follows (in millions):



Balance as of December 31, 2015	$	28.4
Provisions made during the period	13.6
Actual costs incurred during the period	(13.5		)
Balance as of June 30, 2016	$	28.5

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



	As of
	June 30, 2016			December 31, 2015
Deferred product revenue:
Undelivered product commitments and other product deferrals	$	242.5		$	210.1
Distributor inventory and other sell-through items	99.9			81.8
Deferred gross product revenue	342.4			291.9
Deferred cost of product revenue	(51.6		)	(51.6		)
Deferred product revenue, net	290.8			240.3
Deferred service revenue	1,004.8			927.8
Total	$	1,295.6		$	1,168.1
Reported as:
Current	$	933.0		$	822.9
Long-term	362.6			345.2
Total	$	1,295.6		$	1,168.1

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