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UNEARNED REVENUE
 6 Months Ended
Dec. 31, 2019
Revenue From Contract With Customer [Abstract]  
UNEARNED REVENUE

NOTE 11 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,
2019

 

 

June 30,
2019

 

 

 

 

Productivity and Business Processes

 

$

14,266

 

 

$

16,831

 

Intelligent Cloud

 

 

13,766

 

 

 

16,988

 

More Personal Computing

 

 

3,189

 

 

 

3,387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

31,221

 

 

$

37,206

 

 

 

 

 

 

 

 

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

 

 

Six Months Ended December 31, 2019

 

 

 

Balance, beginning of period

 

$

37,206

 

Deferral of revenue

 

 

31,108

 

Recognition of unearned revenue

 

 

(37,093

)

 

 

 

 

 

 

 

Balance, end of period

 

$

31,221

 

 

 

 

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $93 billion as of December 31, 2019, of which $90 billion is related to the commercial portion of revenue. We expect to recognize approximately 50% of this revenue over the next 12 months and the remainder thereafter. Many customers are committing to our products and services for longer contract terms, which is increasing the percentage of remaining performance obligations that will be recognized beyond the next 12 months.