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Deferred Revenue And Remaining Performance Obligations
 6 Months Ended
Jul. 03, 2020
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue and Performance Obligations DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS
Deferred Revenue
Changes to our deferred revenue during the second quarter and first two quarters of fiscal 2020 and 2019 were as follows: 
  
Second Quarter of
 
First Two Quarters of
(In millions)
2020
 
2019
 
2020
 
2019
Beginning balance of the period
$
551.5

 
$
464.4

 
$
541.9

 
$
387.3

Revenue recognized
(130.1
)
 
(85.4
)
 
(331.9
)
 
(223.8
)
Net deferred revenue activity
109.6

 
73.4

 
321.0

 
288.9

Ending balance of the period
$
531.0

 
$
452.4

 
$
531.0

 
$
452.4


Remaining Performance Obligations
As of the end of the second quarter of fiscal 2020, approximately $1.2 billion of revenue is expected to be recognized from remaining performance obligations for which goods or services have not been delivered, primarily subscription and software maintenance, and to a lesser extent, hardware and professional services contracts. We expect to recognize revenue of approximately 72% and 17% on these remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter.