Revenues

3 Months Ended

Jul. 05, 2019

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Timing of revenue recognition

The following table provides our revenue disaggregated by the timing of recognition:

	Three Months Ended
(In millions)	July 5, 2019		June 29, 2018
Enterprise Security:
Products and services transferred at a point in time	$	93	$	99
Products and services transferred over time	$	518	$	457
Consumer Cyber Safety:
Products and services transferred at a point in time	$	13	$	12
Products and services transferred over time	$	623	$	588
Total
Products and services transferred at a point in time	$	106	$	111
Products and services transferred over time	$	1,141	$	1,045

Contract liabilities

Contract liabilities by segment were as follows:

(In millions)	July 5, 2019		March 29, 2019
Enterprise Security	$	1,888	$	2,002
Consumer Cyber Safety	1,011		1,054
Total	$	2,899	$	3,056

The amount of revenue recognized during the three months ended July 5, 2019 that was included within the contract liabilities balance at March 29, 2019 was $920 million. The amount of revenue recognized during the three months ended June 29, 2018 that was included within the contract liabilities balance at March 31, 2018 was $848 million.

Contract acquisition costs

During the three months ended July 5, 2019 and June 29, 2018, we recognized amortization expense of capitalized contract acquisition costs of $28 million and $23 million, respectively. There were no impairment losses recognized during the periods.

Remaining performance obligations

Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and amounts that will be billed and recognized as revenue in future periods. As of July 5, 2019, we had $2,506 million of remaining performance obligations, which does not include Consumer Cyber Safety customer deposit liabilities of approximately $416 million. The approximate percentages expected to be recognized as revenue in the future are as follows:

	Total Remaining Performance Obligations		Percent Expected to be Recognized as Revenue
(In millions, except percentages)			0 - 12 Months		13 - 24 Months		25 - 36 Months		Over 36 Months
Enterprise Security	$	1,911	65	%	24	%	9	%	2	%
Consumer Cyber Safety	595		95	%	4	%	1	%	—	%
Total	$	2,506	72	%	19	%	7	%	1	%

Percentages may not add to 100% due to rounding.