ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2018

Activity in the allowance for doubtful accounts was as follows:

(In millions)


Year Ended June 30,		2018			2017			2016

Balance, beginning of period	$	361		$	409		$	289
Charged to costs and other		134			58			175
Write-offs		(98	)		(106	)		(55	)


Balance, end of period	$	397		$	361		$	409

Allowance for doubtful accounts included in our consolidated balance sheets:



June 30,		2018		2017		2016

Accounts receivable, net of allowance for doubtful accounts	$	377	$	345	$	392
Other long-term assets		20		16		17


Total	$	397	$	361	$	409

Impact of Tax Cuts and Jobs Act on Previously Reported Balances of Prior Period Income Tax Liabilities

As a result of the TCJA, we have recast certain prior period income tax liabilities in our consolidated balance sheets to conform to the current period presentation. Previously reported balances were impacted as follows:

(In millions)	As Previously Reported		As Adjusted


Balance Sheets				June 30, 2017

Long-term income taxes	$	0	$	13,485
Other long-term liabilities		17,034		3,549

Impacts of Adoption of Standards Related to Revenue Recognition and Leases to Previously Reported Results

Adoption of the standards related to revenue recognition and leases impacted our previously reported results as follows:

(In millions, except per share amounts)	As Previously Reported		New Revenue Standard Adjustment		As Restated


Income Statements

Year Ended June 30, 2017

Revenue	$	89,950	$	6,621	$	96,571
Provision for income taxes		1,945		2,467		4,412
Net income		21,204		4,285		25,489
Diluted earnings per share		2.71		0.54		3.25

Year Ended June 30, 2016

Revenue	$	85,320	$	5,834	$	91,154
Provision for income taxes		2,953		2,147		5,100
Net income		16,798		3,741		20,539
Diluted earnings per share		2.10		0.46		2.56

(In millions)	As Previously Reported		New Revenue Standard Adjustment			New Lease Standard Adjustment		As Restated


Balance Sheets

June 30, 2017

Accounts receivable, net of allowance for doubtful accounts	$	19,792	$	2,639		$	0	$	22,431
Operating lease right-of-use assets		0		0			6,555		6,555
Other current and long-term assets		11,147		32			0		11,179
Unearned revenue		44,479		(17,823	)		0		26,656
Deferred income taxes		531		5,203			0		5,734
Operating lease liabilities		0		0			5,372		5,372
Other current and long-term liabilities		23,464		(26	)		1,183		24,621
Stockholders' equity		72,394		15,317			0		87,711