v3.24.3
UNEARNED REVENUE
 3 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
UNEARNED REVENUE

NOTE 12 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

September 30,

2024

June 30,
2024

 

 

Productivity and Business Processes

$

40,429

$

43,599

Intelligent Cloud

12,397

13,683

More Personal Computing

2,863

2,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

55,689

$

60,184

 

 

 

 

 

 

 

 

 

We have recast certain prior period amounts to conform to the way we internally manage and monitor our business. Refer to Note 1 – Accounting Policies for further information.

Changes in unearned revenue were as follows:

 

(In millions)

 

 

Three Months Ended September 30, 2024

 

 

Balance, beginning of period

$

60,184

 

Deferral of revenue

37,642

 

Recognition of unearned revenue

(42,137

)

 

 

 

 

 

 

Balance, end of period

$

55,689

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $266 billion as of September 30, 2024, of which $259 billion is related to the commercial portion of revenue. We expect to recognize approximately 45% of our total company remaining performance obligation revenue over the next 12 months and the remainder thereafter.