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UNEARNED REVENUE
 9 Months Ended
Mar. 31, 2020
Revenue From Contract With Customer [Abstract]  
UNEARNED REVENUE

NOTE 11 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,
2020

 

 

June 30,
2019

 

 

 

 

Productivity and Business Processes

 

$

14,077

 

 

$

16,831

 

Intelligent Cloud

 

 

12,984

 

 

 

16,988

 

More Personal Computing

 

 

3,336

 

 

 

3,387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

30,397

 

 

$

37,206

 

 

 

 

 

 

 

 

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

 

 

Nine Months Ended March 31, 2020

 

 

 

Balance, beginning of period

 

$

37,206

 

Deferral of revenue

 

 

49,749

 

Recognition of unearned revenue

 

 

(56,558

)

 

 

 

 

 

 

 

Balance, end of period

 

$

30,397

 

 

 

 

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $93 billion as of March 31, 2020, of which $89 billion is related to the commercial portion of revenue. We expect to recognize approximately 50% of this revenue over the next 12 months and the remainder thereafter.