Below is operating income (loss) by segment group.
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(In millions)
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Year Ended June 30,
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2015
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2014
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2013
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Devices and Consumer
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$
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6,876
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$
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8,559
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$
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9,267
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Commercial
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24,852
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23,477
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21,152
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Corporate and Other
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(13,567
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)
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(4,277
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)
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(3,655
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)
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Total operating income
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$
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18,161
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$
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27,759
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$
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26,764
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Corporate and Other operating income includes adjustments to conform our internal accounting policies to U.S. GAAP, corporate-level activity not specifically attributed to a segment, and impairment, integration, and restructuring expenses. Significant internal accounting policies that differ from U.S. GAAP relate to revenue recognition, income statement classification, and depreciation.
Corporate and Other activity was as follows:
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(In millions)
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Year Ended June 30,
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2015
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2014
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2013
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Corporate (a) (b)
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$
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(13,575
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)
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$
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(3,744
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)
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$
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(4,102
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)
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Other (adjustments to U.S. GAAP):
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Revenue reconciling amounts (c)
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204
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(415
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)
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403
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Cost of revenue reconciling amounts
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(72
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)
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(78
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)
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(31
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)
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Operating expenses reconciling amounts
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(124
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)
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(40
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)
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75
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Total Corporate and Other
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$
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(13,567
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)
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$
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(4,277
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)
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$
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(3,655
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)
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(a) Corporate is presented on the basis of our internal accounting policies and excludes the adjustments to U.S. GAAP that are presented separately in those line items.
(b) Corporate for fiscal year 2015 included impairment, integration, and restructuring expenses of $10.0 billion.
(c) Revenue reconciling amounts for fiscal year 2015 included a net $303 million of previously deferred net revenue related to sales of bundled products and services (“Bundled Offerings”). Revenue reconciling amounts for fiscal year 2014 included a net $349 million of revenue deferrals related to Bundled Offerings. Revenue reconciling amounts for fiscal year 2013 included the recognition of $540 million of revenue previously deferred on sales of Windows 7 with an option to upgrade to Windows 8 Pro at a discounted price.
No sales to an individual customer or country other than the United States accounted for more than 10% of fiscal year 2015, 2014, or 2013 revenue. Revenue, classified by the major geographic areas in which our customers are located, was as follows:
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(In millions)
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Year Ended June 30,
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2015
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2014
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2013
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United States (a)
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$
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42,941
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$
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43,474
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$
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41,344
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Other countries
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50,639
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43,359
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36,505
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Total
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$
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93,580
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$
|
86,833
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$
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77,849
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