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UNEARNED REVENUE
 9 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
UNEARNED REVENUE

NOTE 12 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,
2019

 

 

June 30,
2018

 

 

 

 

Productivity and Business Processes

 

$

12,679

 

 

$

14,864

 

Intelligent Cloud

 

 

12,531

 

 

 

14,706

 

More Personal Computing

 

 

2,925

 

 

 

3,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

28,135

 

 

$

32,720

 

 

 

 

 

 

 

 

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

 

 

Nine Months Ended March 31, 2019

 

 

 

Balance, beginning of period

 

$

32,720

 

Deferral of revenue

 

 

48,957

 

Recognition of unearned revenue

 

 

(53,542

)

 

 

 

 

 

 

 

Balance, end of period

 

$

28,135

 

 

 

 

 

 

 

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized (“contracted not recognized revenue”), which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted not recognized revenue was $75 billion as of March 31, 2019, of which we expect to recognize approximately 55% of the revenue over the next 12 months and the remainder thereafter. Many customers are committing to our products and services for longer contract terms, which is increasing the percentage of contracted revenue that will be recognized beyond the next 12 months.