ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Allowance for Doubtful Accounts

Activity in the allowance for doubtful accounts was as follows:

(In millions)
Year Ended June 30,	2017			2016			2015
Balance, beginning of period	$	426		$	335		$	301
Charged to costs and other		85			146			77
Write-offs		(106	)		(55	)		(43	)
Balance, end of period	$	405		$	426		$	335

Expected Impacts of Adoption of Standards Related to Revenue Recognition and Leases to Reported Results

Adoption of the standards related to revenue recognition and leases is expected to impact our reported results as follows:

(In millions, except earnings per share)					Year Ended June 30, 2017
	As Reported		New Revenue Standard Adjustment		New Lease Standard Adjustment		As Adjusted
Income statements:
Revenue	$	89,950	$	6,621	$	0	$	96,571
Provision for income taxes		1,945		2,467		0		4,412
Net income		21,204		4,285		0		25,489
Diluted earnings per share		2.71		0.54		0		3.25

(In millions, except earnings per share)					Year Ended June 30, 2016
	As Reported		New Revenue Standard Adjustment		New Lease Standard Adjustment		As Adjusted
Income statements:
Revenue	$	85,320	$	5,834	$	0	$	91,154
Provision for income taxes		2,953		2,147		0		5,100
Net income		16,798		3,741		0		20,539
Diluted earnings per share		2.10		0.46		0		2.56

(In millions)					June 30, 2017
	As Reported		New Revenue Standard Adjustment		New Lease Standard Adjustment		As Adjusted
Balance sheets:
Accounts receivable, net	$	19,792	$	2,639	$	0	$	22,431
Operating lease right-of-use assets		0		0		6,555		6,555
Other current and long-term assets		11,147		32		0		11,179
Unearned revenue		44,479		(17,823)		0		26,656
Deferred income taxes		531		5,203		0		5,734
Operating lease liabilities		0		0		5,372		5,372
Other current and long-term liabilities		23,464		(26)		1,183		24,621
Stockholders' equity		72,394		15,317		0		87,711

(In millions)					June 30, 2016
	As Reported		New Revenue Standard Adjustment		New Lease Standard Adjustment		As Adjusted
Balance sheets:
Accounts receivable, net	$	18,277	$	2,359	$	0	$	20,636
Operating lease right-of-use assets		0		0		5,198		5,198
Other current and long-term assets		9,308		1,872		0		11,180
Unearned revenue		33,909		(11,716)		0		22,193
Deferred income taxes		1,476		4,837		0		6,313
Operating lease liabilities		0		0		4,257		4,257
Other current and long-term liabilities		19,589		17		941		20,547
Stockholders' equity		71,997		11,093		0		83,090