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Microsoft was served with the complaint in June 2014 and has been substituted for the Nokia defendants.We generally fund research at the corporate level to ensure that we are looking beyond immediate product considerations to opportunities further in the future.Microsoft and Motorola have filed additional claims against each other with the ITC, in federal district courts in Seattle, verizon app challenge 2016 Wisconsin, Florida, and California, and in courts in Germany.In a separate 2009 decision, the Court of Appeals for the District of Columbia held that adverse health effect claims arising from the use of cellular handsets that operate within the.S.Smith President, Chief Legal Officer.While these programs may differ in various parts of the world, generally they include those discussed below.Stockholders equity statements (In millions) Year Ended June 30, Common stock and paid-in capital Balance, beginning of period 68,366 67,306 65,797 Common stock issued Common stock repurchased (3,700) (2,328) (2,014) Stock-based compensation expense 2,574 2,446 2,406 Stock-based compensation income tax benefits Other, net.The specific hardware warranty terms and conditions vary depending upon the product sold and the country in which we do business, but generally include parts and labor over a period generally ranging from 90 days to three years.We believe this is the future of true distributed computing infrastructure, designed to meet the needs and complexities of the real world.Note 14 restructuring charges Phone Hardware Integration In July 2014, we announced a restructuring plan to simplify our organization and align NDS with our companys overall strategy (the Phone Hardware Integration Plan).While our main research and development facilities are located in Redmond, Washington, we also operate research and development facilities in other parts of the.S.
They are not the results that would have been realized had we been a combined company during the periods presented and are not necessarily indicative of our consolidated results of operations in future periods.
Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content.
Foreign Currency Certain forecasted transactions, assets, and liabilities are exposed to foreign currency risk.
Based on the results of our testing, we determined that the carrying value of the intangible assets was not recoverable, and an impairment charge was recorded to the extent that estimated fair value exceeded carrying value.Federal statutory rate and our effective rate were as follows: Year Ended June 30, Federal statutory rate.0.0.0 Effect of: Foreign earnings taxed at lower rates (20.9) (17.1) (17.5) Phone Hardware nondeductible charges and valuation allowance.1.9 0 Domestic production activities deduction.Comprehensive income statements (In millions) Year Ended June 30, Net income 12,193 22,074 21,863 Other comprehensive income (loss Net unrealized gains (losses) on derivatives (net of tax effects of 20, (4 and (14) 559 (35) (26) Net unrealized gains (losses) on investments (net of tax.Stock-Based Compensation We measure stock-based compensation cost at the grant date based on the fair value of the award and recognize it as expense, net of estimated forfeitures, over the vesting or service period, as applicable, of the stock award (generally four to five years).Simply stated, I want Microsoft to be the greatest place to work for smart people who are hungry to make a difference.We reached over 8 million paid Dynamics seats and refreshed and enhanced Microsoft Dynamics ERP products.In fiscal years 2015, 2014, and 2013, there were no individually significant other reconciling items.