QUARTERLY INFORMATION (UNAUDITED)

12 Months Ended

Jun. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY INFORMATION (UNAUDITED)

NOTE 22 — QUARTERLY INFORMATION (UNAUDITED)

(In millions, except per share amounts)
Quarter Ended	September 30		December 31			March 31		June 30		Total
Fiscal Year 2018
Revenue	$	24,538	$	28,918		$	26,819	$	30,085	$	110,360
Gross margin		16,260		17,854			17,550		20,343		72,007
Operating income		7,708		8,679			8,292		10,379		35,058
Net income (loss) (a)		6,576		(6,302	)		7,424		8,873		16,571
Basic earnings (loss) per share		0.85		(0.82	)		0.96		1.15		2.15
Diluted earnings (loss) per share (b)		0.84		(0.82	)		0.95		1.14		2.13

Fiscal Year 2017 (c)
Revenue	$	21,928	$	25,826	$	23,212	$	25,605		$	96,571
Gross margin		14,084		15,925		15,152		17,149			62,310
Operating income		6,715		7,905		6,723		7,682	(d)		29,025	(d)
Net income		5,667		6,267		5,486		8,069	(d)		25,489	(d)
Basic earnings per share		0.73		0.81		0.71		1.05			3.29
Diluted earnings per share		0.72		0.80		0.70		1.03	(d)		3.25	(d)

(a) Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.

(b) Reflects the net charge (benefit) related to the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018.

(c) On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date.

(d) Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.04, respectively.