Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name MICROSOFT CORPORATION
CIK 0000789019
Accession number 0001193125-14-289961
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/789019/000119312514289961/msft-20140630.xml
Fiscal year end --06-30
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-06-30
Current year-to-date income statement start date 2013-07-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The components of the deferred income tax assets and liabilities were as follows:

 

(In millions)             
June 30,    2014     2013  

Deferred Income Tax Assets

                 

Stock-based compensation expense

    $ 903      $ 888   

Other expense items

      1,112        917   

Unearned revenue

      520        445   

Impaired investments

      209        246   

Loss carryforwards

      922        715   

Other revenue items

      64        55   
 

Deferred income tax assets

    $ 3,730      $ 3,266   

Less valuation allowance

      (903 )      (579 ) 
 

Deferred income tax assets, net of valuation allowance

    $    2,827      $    2,687   
 

Deferred Income Tax Liabilities

                 

Foreign earnings

    $ (1,140 )    $ (1,146 ) 

Unrealized gain on investments

      (1,911 )      (1,012 ) 

Depreciation and amortization

      (470 )      (604 ) 

Other

      (87 )      (2 ) 
 

Deferred income tax liabilities

    $ (3,608 )    $ (2,764 ) 
 

Net deferred income tax assets (liabilities)

    $ (781 )    $ (77 ) 
    
 

Reported As

                 

Current deferred income tax assets

    $ 1,941      $ 1,632   

Other current liabilities

      (125 )      0   

Other long-term assets

      131        0   

Long-term deferred income tax liabilities

      (2,728 )      (1,709 ) 
 

Net deferred income tax assets (liabilities)

    $ (781 )    $ (77 ) 
    
 

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 3,730,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -903,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 2,827,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -3,608,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -781,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -2,728,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -781,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,827,000,000
Deferred tax liabilities, net -3,608,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -781,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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