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UNEARNED REVENUE
 6 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
UNEARNED REVENUE

NOTE 12 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

2021

 

 

June 30,
2021

 

 

 

 

Productivity and Business Processes

 

$

18,494

 

 

$

22,120

 

Intelligent Cloud

 

 

14,549

 

 

 

17,710

 

More Personal Computing

 

 

3,726

 

 

 

4,311

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

36,769

 

 

$

44,141

 

 

 

 

 

 

 

 

 

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

 

 

Six Months Ended December 31, 2021

 

 

 

Balance, beginning of period

 

$

44,141

 

Deferral of revenue

 

 

44,389

 

Recognition of unearned revenue

 

 

(51,761

)

 

 

 

 

 

 

 

Balance, end of period

 

$

36,769

 

 

 

 

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $152 billion as of December 31, 2021, of which $147 billion is related to the commercial portion of revenue. We expect to recognize approximately 45% of this revenue over the next 12 months and the remainder thereafter.