Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Other Financial Information [Abstract]

Inventories

Total inventory consisted of the following (in millions):

	As of December 31,
	2016		2015
Production materials	$	75.6	$	61.9
Finished goods	19.9		13.1
Inventory	$	95.5	$	75.0
Reported as:
Prepaid expenses and other current assets	$	91.4	$	66.6
Other long-term assets	4.1		8.4
Total	$	95.5	$	75.0

Property and equipment

Property and equipment, net, consisted of the following (in millions):

	As of December 31,
	2016			2015
Computers and equipment	$	1,070.1		$	915.1
Software	285.4			169.1
Leasehold improvements	235.6			203.4
Furniture and fixtures	47.0			43.2
Building and building improvements	251.8			246.1
Land and land improvements	241.0			241.1
Construction-in-process(*)	26.2			158.2
Property and equipment, gross	2,157.1			1,976.2
Accumulated depreciation	(1,093.3		)	(955.2		)
Property and equipment, net	$	1,063.8		$	1,021.0

_______________________________

^(*)   Includes capitalized construction costs for a lease arrangement entered into in July 2015. Refer to Note 16. Commitments and Contingencies for further details.

Other long-term assets

Other long-term assets consisted of the following (in millions):

	As of December 31,
	2016		2015
Investments in privately-held companies	$	62.7	$	102.4
Promissory note in connection with the sale of Junos Pulse	57.9		132.9
Federal income tax receivable	43.8		28.9
Deferred tax asset	19.5		55.9
Inventory	4.1		8.4
Prepaid costs, deposits, and other(*)	49.2		50.4
Other long-term assets	$	237.2	$	378.9

_______________________________

^(*)  On January 1, 2016, the Company adopted ASU 2015-03. As a result, debt issuance costs included in prepaid costs, deposits, and other were reclassified to long-term debt as of December 31, 2015 to conform to the current-year presentation.

Warranties

Changes in the Company’s warranty reserve were as follows (in millions):

	As of December 31,
	2016			2015
Beginning balance	$	28.4		$	28.7
Provisions made during the period, net	43.0			27.9
Actual costs incurred during the period	(30.1		)	(28.2		)
Ending balance	$	41.3		$	28.4

Deferred revenue

Details of the Company's deferred revenue, as reported in the Consolidated Balance Sheets, were as follows (in millions):

	As of December 31,
	2016			2015
Deferred product revenue:
Undelivered product commitments and other product deferrals	$	302.4		$	210.1
Distributor inventory and other sell-through items	74.2			81.8
Deferred gross product revenue	376.6			291.9
Deferred cost of product revenue	(53.7		)	(51.6		)
Deferred product revenue, net	322.9			240.3
Deferred service revenue	1,158.2			927.8
Total	$	1,481.1		$	1,168.1
Reported as:
Current	$	1,032.0		$	822.9
Long-term	449.1			345.2
Total	$	1,481.1		$	1,168.1

Other (expense) income, net

Other (expense) income, net consisted of the following (in millions):

	Years Ended December 31,
	2016			2015			2014
Interest income	$	35.4		$	21.8		$	10.0
Interest expense	(97.7		)	(83.3		)	(66.9		)
Gain on legal settlement, net	—			—			196.1
(Loss) gain on investments, net	(1.8		)	6.8			167.9
Gain on sale of Junos Pulse	—			—			19.6
Other	1.8			(5.1		)	6.7
Other (expense) income, net	$	(62.3	)	$	(59.8	)	$	333.4