The amortization of these costs is included in cost of revenue over the estimated life of the products.Shares of common stock outstanding were as follows:thyssenkrupp Elevator is using HoloLens to transform the way it measures, visualizes and installs its products, streamlining the initial surveying process of a stair lift installation. Gross margin decreased $928 million or 4%, primarily due to higher cost of revenue.
The lifecycle for gaming and entertainment consoles averages five to ten years. We introduced hundreds of new Azure services, including new cognitive services APIs for vision, speech, text, translation, emotion and more. In middleware, we compete against Java vendors.The Independent Software Vendor Royalty program enables partners to integrate Microsoft products into other applications and then license the unified business solution to their end users.As of June 30, 2017 and 2016, assets recorded under capital leases were $2.7 billion and $865 million, respectively, and accumulated depreciation associated with capital leases was $161 million and $57 million, respectively. Effective July 1, 2016, we retrospectively adopted accounting guidance that requires debt issuance costs to be recorded as a deduction from the carrying amount of the debt liability, consistent with debt discounts. It also gives us the freedom to decide which modifications and enhancements are most important and when they should be implemented. Refer to Note 19 â Accumulated Other Comprehensive Income for further information.We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. Net recognized gains on investments increased primarily due to higher gains on sales of equity securities.
The investments are predominantly U.S. dollar-denominated securities, but also include foreign currency-denominated securities to diversify risk. Shareholders and proxy holders must also present a form of photo identification such as a driverâs license or passport. In fiscal year 2016, our U.S. loss before income taxes was $325 million and our foreign income before income taxes was $20.1 billion. The information of the Annual Integrated Report is therefore connected to the in-depth information, thus enhancing the integrated thinking.Gross written premiums in the Life segment, including premiums related to investment contracts, amounted to € 47,788 million, Net cash inflows remained at the top market levels, reaching € 9,718 million.
Debt and publicly-traded equity securities are classified as available-for-sale and realized gains and losses are recorded using the specific identification method. We will build on our strong foundation of connected gaming assets across PC, console, mobile and work to grow and engage the 53 million strong Xbox Live member network more deeply and frequently â from great game experiences to streaming to social to mixed reality. Based on our assessment of key technology trends, we maintain our long-term commitment to research and development across a wide spectrum of technologies, tools, and platforms spanning digital work and life experiences, cloud computing, AI, and hardware operating systems.While these solution areas capture our near-term opportunity, weâre also investing in cutting-edge research to lead well into the future. Revenue recognition related to our hardware, cloud offerings such as Office 365, LinkedIn, and professional services will remain substantially unchanged.Inventories are stated at average cost, subject to the lower of cost or market.
The acquisition is expected to accelerate the growth of Office 365, Dynamics 365, and LinkedIn.As of June 30, 2017, the total carrying value and estimated fair value of our long-term debt, including the current portion, were $77.1 billion and $80.3 billion, respectively. Surface is designed to help organizations, students, and consumers be more productive. This information is clearly identified through a specific infographic (NFS) created for the purposesof simplifying the fulfilments required by the decree and improving accessibility to the information itself.The operating result of the Holding and other businesses segment came to € -70 million, an improvement compared to € -163 million at 31 December 2017.The gross written premiums in the Property & Casualty (P&C) segment continued the growth observed during the year, standing at € 20,607 million, growing by 3.3%, thanks to the positive performance of both business lines.Life net cash inflows € 11,369 mln (+5.2%) Annual Report 2016 (EN) Generali Invest CEE plc 2019.
We primarily used a relief from royalty income approach to determine the fair value of the intangible assets and determine the amount of impairment.Search advertising, including Bing and Bing Ads, is designed to deliver relevant online advertising to a global audience.