ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2017

Allowance for Doubtful Accounts

Activity in the allowance for doubtful accounts was as follows:

(In millions)
Three Months Ended September 30, 2017
Balance, beginning of period	$	361
Charged to costs and other		(45	)
Write-offs		(16	)
Balance, end of period	$	300
Reported as of September 30, 2017
Accounts receivable, net of allowance for doubtful accounts	$	285
Other long-term assets		15
Total	$	300

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

Adoption of the standards related to revenue recognition and leases impacted our previously reported results as follows:

(In millions, except per share amounts)	As Previously Reported		New Revenue Standard Adjustment		As Restated
Three Months Ended September 30, 2016
Income Statements
Revenue	$	20,453	$	1,475	$	21,928
Provision for income taxes		635		525		1,160
Net income		4,690		977		5,667
Diluted earnings per share		0.60		0.12		0.72

(In millions)	As Previously Reported		New Revenue Standard Adjustment			New Lease Standard Adjustment		As Restated
June 30, 2017
Balance Sheets
Accounts receivable, net of allowance for doubtful accounts	$	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