Deferred Revenue

6 Months Ended

Sep. 30, 2013

Deferred Revenue Disclosure [Abstract]

NOTE F – DEFERRED REVENUE

The current and noncurrent components of “Deferred revenue (billed or collected)” at September 30, 2013 and March 31, 2013 were as follows:



	September 30, 2013		March 31, 2013
	(in millions)
Current:
Subscription and maintenance	$	1,882	$	2,307
Professional services	136		154
Software fees and other	20		21
Total deferred revenue (billed or collected) – current	$	2,038	$	2,482
Noncurrent:
Subscription and maintenance	$	824	$	940
Professional services	30		33
Software fees and other	2		2
Total deferred revenue (billed or collected) – noncurrent	$	856	$	975
Total deferred revenue (billed or collected)	$	2,894	$	3,457

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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