ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Allowance for Doubtful Accounts

Activity in the allowance for doubtful accounts was as follows:

(In millions)
Six Months Ended December 31, 2017
Balance, beginning of period	$	361
Charged to costs and other		45
Write-offs		(53	)
Balance, end of period	$	353
Reported as of December 31, 2017
Accounts receivable, net of allowance for doubtful accounts	$	337
Other long-term assets		16
Total	$	353

Impact of Tax Cuts and Jobs Act on Previously Reported Balances of Prior Period Income Tax Liabilities

As a result of the TCJA, we have recast certain prior period income tax liabilities on our consolidated balance sheets to conform to the current period presentation. Previously reported balances were impacted as follows:

(In millions)	As Previously Reported		As Adjusted		As Previously Reported		As Adjusted
Balance Sheets				June 30, 2017			September 30, 2017
Long-term income taxes	$	0	$	13,485	$	0	$	13,944
Other long-term liabilities		17,034		3,549		18,173		4,229

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
Income Statements
Three Months Ended December 31, 2016
Revenue	$	24,090	$	1,736	$	25,826
Provision for income taxes		1,163		592		1,755
Net income		5,200		1,067		6,267
Diluted earnings per share		0.66		0.14		0.80
Six Months Ended December 31, 2016
Revenue	$	44,543	$	3,211	$	47,754
Provision for income taxes		1,798		1,117		2,915
Net income		9,890		2,044		11,934
Diluted earnings per share		1.26		0.26		1.52

(In millions)	As Previously Reported		New Revenue Standard Adjustment			New Lease Standard Adjustment		As Restated
Balance Sheets
June 30, 2017
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