Everywhere we operate, we focus on contributing to local communities in positive ways — helping to spark growth, competitiveness and economic opportunity for all. The mix of income before income taxes between the U. Certain options and forwards not designated as hedging instruments are also used to manage the variability in foreign exchange rates on certain balance sheet amounts and to manage other foreign currency exposures. Revenue Recognition Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable. Customers purchasing a Windows 10 license will receive unspecified updates and upgrades over the life of their Windows 10 device at no additional cost.
Marketing Solutions competes with online and offline outlets that generate revenue from advertisers and marketers. The regional center in Ireland supports the European, Middle Eastern, and African region; the center in Singapore supports the Japan, India, Greater China, and Asia-Pacific region; and the centers in Fargo, North Dakota, Fort Lauderdale, Florida, Puerto Rico, Redmond, Washington, and Reno, Nevada support Latin America and North America. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. Alternatively, you can the view program online by going to A. LinkedIn faces competition from online recruiting companies, talent management companies, and larger companies that are focusing on talent management and human resource services; job boards; traditional recruiting firms; and companies that provide learning and development products and services. In November 2016, we completed the sale of our feature phone business.
We have not engaged in any related party transactions or arrangements with unconsolidated entities or other persons that are reasonably likely to materially affect liquidity or the availability of capital resources. These costs are expected to be recognized over a weighted average period of 3 years. We will continue to invest in the highest growth opportunities, innovate boldly, and empower people and organizations by creating the platforms and tools that enable others to grow and thrive, now and well into the future. Certain volume licensing arrangements include a perpetual license for current products combined with rights to receive unspecified future versions of software products and are accounted for as subscriptions, with billings recorded as unearned revenue and recognized as revenue ratably over the coverage period. We will be required to use a forward-looking expected credit loss model for accounts receivables, loans, and other financial instruments.
Gross margin percentage increased slightly due to a margin percent increase in More Personal Computing and segment sales mix, offset in part by margin percent declines in Productivity and Business Processes and Intelligent Cloud. High profitability of the business and solid financial position 4. The stock will commence trading at the new split price February 18, 2003. This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. In July 2016, the German Supreme Court heard our appeal contesting the legality of the levy assessed on phones with music players and over five megabytes of memory.
Office Commercial Office Commercial is designed to increase personal, team, and organizational productivity through a range of products and services. Goodwill Goodwill is tested for impairment at the reporting unit level operating segment or one level below an operating segment on an annual basis May 1 for us and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We compete to provide enterprise-wide computing solutions and point solutions with numerous commercial software vendors that offer solutions and middleware technology platforms, software applications for connectivity both Internet and intranet , security, hosting, database, and e-business servers. New scenarios — like those enabled by Microsoft Teams — will redefine how work gets done and help foster employee engagement and culture. Certain of our employees are subject to collective bargaining agreements. We believe that our audits provide a reasonable basis for our opinion.
Windows Commercial revenue grew 5%, driven by multi-year agreement revenue. These meet the definition of a derivative instrument in cases where physical delivery of the assets is not taken at the earliest available delivery date. A number of companies, such as Red Hat, supply versions of Linux. Critical accounting policies for us include revenue recognition, impairment of investment securities, goodwill, research and development costs, contingencies, income taxes, and inventories. Many of these revenue and expenses are denominated in currencies other than the U. Enterprises work to unlock business insights from a world of data.
We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. Call us toll-free at 800 285-7772 or outside the United States, call 425 706-4400. We also compete with other providers of entertainment services through online marketplaces. The company has paid a cash dividend to shareholders every year since 2003 and has increased its dividend payments for 17 consecutive years. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Plaintiffs have filed a motion to reopen discovery and file additional expert evidence.
This guidance is effective for us beginning July 1, 2018, with early adoption permitted beginning July 1, 2017. No instances of impairment were identified in our May 1, 2017 or May 1, 2016 test. Given the current short-term trend, the stock is expected to rise 11. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board United States. Certain corporate-level activity is not allocated to our segments, including impairment, integration, and restructuring expenses. Under the standard, revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services.