BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 8,468	$ 6,510
Short-term investments (including securities loaned of $1,230 and $204)	114,313	106,730
Total cash, cash equivalents, and short-term investments	122,781	113,240
Accounts receivable, net of allowance for doubtful accounts of $340 and $426	14,343	18,277
Inventories	1,961	2,251
Other	5,864	5,892
Total current assets	144,949	139,660
Property and equipment, net of accumulated depreciation of $21,888 and $19,800	21,379	18,356
Equity and other investments	8,912	10,431
Goodwill	34,524	17,872
Intangible assets, net	11,001	3,733
Other long-term assets	3,845	3,416
Total assets	224,610	193,468
Current liabilities:
Accounts payable	6,580	6,898
Short-term debt	25,065	12,904
Current portion of long-term debt	599	0
Accrued compensation	3,982	5,264
Income taxes	508	580
Short-term unearned revenue	26,085	27,468
Securities lending payable	1,280	294
Other	6,688	5,949
Total current liabilities	70,787	59,357
Long-term debt	59,306	40,557
Long-term unearned revenue	8,595	6,441
Deferred income taxes	1,133	1,476
Other long-term liabilities	15,980	13,640
Total liabilities	155,801	121,471
Commitments and contingencies
Stockholders' equity:
Common stock and paid-in capital—shares authorized 24,000; outstanding 7,730 and 7,808	68,177	68,178
Retained earnings	120	2,282
Accumulated other comprehensive income	512	1,537
Total stockholders' equity	68,809	71,997
Total liabilities and stockholders' equity	$ 224,610	$ 193,468