Deferred Revenue And Performance Obligations

3 Months Ended

Mar. 30, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Deferred Revenue Disclosure [Text Block]

DEFERRED REVENUE AND PERFORMANCE OBLIGATIONS

Deferred Revenue

Changes in the Company’s deferred revenue during the first quarter of fiscal 2018 and 2017 are as follows:

	First Quarter of
	2018			2017
				*As Adjusted
(In millions)
Balance as of prior fiscal year end	$	276.6		246.4
Revenue recognized from prior fiscal year end	(98.0		)	(87.8	)
Acquired deferred revenue	22.3			4.0
Net deferred revenue activity	159.5			139.9
Balance as of the end of the first quarter	360.4			302.5

* See Note 2 for a summary of adjustments

Remaining Performance Obligations

As of the end of first quarter of fiscal 2018, approximately $1.0 billion of revenue is expected to be recognized from remaining performance obligations for which goods or services have not been delivered, primarily hardware, subscription, software maintenance and professional services contracts. The Company expects to recognize revenue of approximately 73% and 16% on these remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter.