ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Allowance for Doubtful Accounts

Activity in the allowance for doubtful accounts was as follows:

(In millions)
Nine Months Ended March 31, 2018
Balance, beginning of period	$	361
Charged to costs and other		41
Write-offs		(74	)
Balance, end of period	$	328
Reported as of March 31, 2018
Accounts receivable, net of allowance for doubtful accounts	$	311
Other long-term assets		17
Total	$	328

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
Balance Sheets				June 30, 2017
Long-term income taxes	$	0	$	13,485
Other long-term liabilities		17,034		3,549

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 March 31, 2017
Revenue	$	22,090	$	1,122	$	23,212
Provision for income taxes		1,115		493		1,608
Net income		4,801		685		5,486
Diluted earnings per share		0.61		0.09		0.70
Nine Months Ended March 31, 2017
Revenue	$	66,633	$	4,333	$	70,966
Provision for income taxes		2,913		1,610		4,523
Net income		14,691		2,729		17,420
Diluted earnings per share		1.87		0.35		2.22

(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