Deferred Revenue

9 Months Ended

Dec. 31, 2016

Deferred Revenue Disclosure [Abstract]

NOTE E – DEFERRED REVENUE

The current and noncurrent components of “Deferred revenue (billed or collected)” at December 31, 2016 and March 31, 2016 were as follows:



	December 31, 2016		March 31, 2016
	(in millions)
Current:
Subscription and maintenance	$	1,711	$	1,990
Professional services	134		116
Software fees and other	72		91
Total deferred revenue (billed or collected) – current	$	1,917	$	2,197
Noncurrent:
Subscription and maintenance	$	630	$	712
Professional services	16		21
Software fees and other	5		4
Total deferred revenue (billed or collected) – noncurrent	$	651	$	737
Total deferred revenue (billed or collected)	$	2,568	$	2,934

- 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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