We have made meaningful progress on representation and inclusion at Microsoft. The phrase " fast fashion " refers to low-cost clothing collections that mimic current luxury fashion trends. Announcements of investor conferences, speeches, and events at which our executives talk about our product, service, and competitive strategies. Office Commercial products and cloud services revenue growth, Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Microsoft Viva, Office Consumer products and cloud services revenue growth, Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription, The number of Microsoft 365 Consumer subscribers at end of period, Dynamics products and cloud services revenue growth, Revenue from Dynamics products and cloud services, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate; and on-premises ERP and CRM applications, Revenue from LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, and Sales Solutions, Server products and cloud services revenue growth, Revenue from Server products and cloud services, including Azure and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs); and Nuance and GitHub. SA is included. Adjusted net income and adjusted diluted earnings per share (EPS) are non-GAAP financial measures which exclude the net income tax benefit related to transfer of intangible properties in the first quarter of fiscal year 2022 and the net income tax benefit related to an India Supreme Court decision on withholding taxes in the third quarter of fiscal year 2021. Our vision is to create economic opportunity for every member of the global workforce through the ongoing development of the worlds first Economic Graph, a digital representation of the global economy. With its dramatic introduction of the concept of "fast fashion" retail since it was founded in 1975 in Spain, Zara aspires to create responsible passion for fashion amongst a broad spectrum of consumers, spread across different cultures and age groups. It reimagines everything from the user experience to the store to help people and organizations be more productive, connected, and secure, and to build a more open ecosystem for developers and creators. Collaborating to transform through sustainable management of our products. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets in our consolidated balance sheets. When a cloud-based service includes both on-premises software licenses and cloud services, judgment is required to determine whether the software license is considered distinct and accounted for separately, or not distinct and accounted for together with the cloud service and recognized over time. Our fixed-income investments are exposed to interest rate risk and credit risk. The big bets we have made across content, community, and cloud over the past few years continue to pay off. We tested the effectiveness of controls related to the identification of distinct performance obligations, the determination of the timing of revenue recognition, and the estimation of variable consideration. Changes in fair value, excluding credit losses and impairments, are recorded in other comprehensive income. Our system management solutions compete with server management and server virtualization platform providers, such as BMC, CA Technologies, Hewlett-Packard, IBM, and VMware. Second, the productive structure, combining nearby and distant manufacturing, and both dispersion and concentration spatially and in production, also relies on the effectiveness of the logistical model. Of the total employed people, 85,000 were in operations, including manufacturing, distribution, product support, and consulting services; 73,000 were in product research and development; 47,000 were in sales and marketing; and 16,000 were in general and administration. We are committed to leveraging our resources to help accelerate diversity and inclusion across our ecosystem and to hold ourselves accountable to accelerate change for Microsoft, and beyond. Xbox Cloud Gaming is Microsofts game streaming technology that is complementary to our console hardware and gives fans the ultimate choice to play the games they want, with the people they want, on the devices they want. President and Chief Financial Officer, shares (71) As described in our 2021 Proxy Statement, annual performance and compensation reviews of our senior leadership team include an evaluation of their contributions to employee culture and diversity. Dividends Capital Equity attributable to the Parent Eligible U.S. employees may contribute a portion of their salary into the savings plans, subject to certain limitations. The opportunity to merge the physical and digital worlds, when combined with the power of Azure cloud services, unlocks new workloads and experiences to create common understanding and drive more informed decisions. Azure Orbital is a fully managed ground station as a service for fast downlinking of data. Bethesda is one of the largest, privately held game developers and publishers in the world, and brings a broad portfolio of games, technology, and talent to Xbox. Managers holding conversations about employees career and development plans, coaching on career opportunities, and programs like mentoring and sponsorship. In addition the challenges presented by the functional and geographical integration of fashion production networks can only be overcome if global retailers manage their logistics efficiently and leverage the differentiated advantages of the modes of transport in relation to time. Based on the carrying amount of server and network equipment included in property and equipment, net as of June 30, 2022, it is estimated this change will increase our fiscal year 2023 operating income by $3.7 billion. earnings 1,106 All repurchases were made using cash resources. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. This year, we provided $3.2 billion in donated and discounted technology to 302,000 nonprofits serving over 1.2 billion people globally. Judgment is required in assessing the future tax consequences of events that have been recognized in our consolidated financial statements or tax returns. Employer-funded retirement benefits for all plans were $1.4 billion, $1.2 billion, and $1.0 billion in fiscal years 2022, 2021, and 2020, respectively, and were expensed as contributed. Nuance and GitHub include both cloud and on-premises offerings. May 27, 2022. Collaborating to have a positive impact, 5.1. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of June 30, 2022, based on criteria established inInternal Control Integrated Framework (2013)issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated July 28, 2022, expressed an unqualified opinion on the Company's internal control over financial reporting. The analysis, based on recent and previously unpublished data on the brand's logistics hub in Zaragoza (northeast Spain), sheds light on the modus operandi of the group and confirms the crucial importance of logistics in all facets of the production model. We are accelerating our development of mixed reality solutions with new Azure services and devices. In the past year, weve made many of our most popular titles accessible on phones, tablets, TVs, and low-spec PCs for the first time. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Xbox content and services revenue increased 3%. In 2014, Microsoft was informed that Chinas State Agency for Market Regulation (SAMR) (formerly State Administration for Industry and Commerce) had begun a formal investigation relating to Chinas Anti-Monopoly Law, and the SAMR conducted onsite inspections of Microsoft offices in Beijing, Shanghai, Guangzhou, and Chengdu. Expanding in Asia & the US The US is the biggest market in the fashion industry. Chairman and Chief Executive Officer The decrease from the federal statutory rate in fiscal year 2020 is primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland and Puerto Rico, and tax benefits relating to stock-based compensation. The consolidated The separate annual accounts of the Parent (Inditex) for 2021 were prepared by the Board of Directors To sign up for this free service, visit the Annual Report site on the Investor Relations website at: http://www.microsoft.com/investor/AnnualReports/default.aspx. ESAs are also typically authorized as LSPs and operate as resellers for our other volume licensing programs. Prior year net income and diluted EPS were positively impacted by the net tax benefit related to the India Supreme Court decision on withholding taxes, which resulted in an increase to net income and diluted EPS of $620 million and $0.08, respectively. And with new integrations between Dynamics 365 and Teams, we are creating a new category of collaborative applications that helps businesses surface data and insights right in the flow of work. The resolution of each of these audits is not expected to be material to our consolidated financial statements. Our Search and news advertising business competes with Google and a wide array of websites, social platforms like Meta, and portals that provide content and online offerings to end users. The major classes of assets and liabilities to which we have allocated the purchase price were as follows: Goodwill was assigned to our More Personal Computing segment. Commercial remaining performance obligation, Commercial portion of revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, Revenue from Azure and other cloud services, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, Gross margin percentage for our Microsoft Cloud business, Productivity and Business Processes and Intelligent Cloud. Devices, including Surface and PC accessories. The acquisition has been approved by Activision Blizzards shareholders, and we expect it to close in fiscal year 2023, subject to the satisfaction of certain regulatory approvals and other customary closing conditions. Devices face competition from various computer, tablet, and hardware manufacturers who offer a unique combination of high-quality industrial design and innovative technologies across various price points. In addition, we consider specific adverse conditions related to the financial health of, and business outlook for, the investee. Our platforms and tools help drive small business productivity, large business competitiveness, and public-sector efficiency. 9 Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. It adds new experiences that include powerful task switching tools like new snap layouts, snap groups, and desktops; new ways to stay connected through Microsoft Teams chat; the information you want at your fingertips; and more. Product and Service Development, and Intellectual Property. Zoom offers videoconferencing and cloud phone solutions. Fiscal Year 2015 Annual Report. 33. Revenue: Over $500 million See Exact Annual Revenue: Employees: . 122 We strive to obtain information as early as possible about changing usage patterns and hardware advances that may affect software and hardware design. Dilutive potential common shares include outstanding stock options and stock awards. Competitors to Office include software and global application vendors, such as Apple, Cisco Systems, Meta, Google, IBM, Okta, Proofpoint, Slack, Symantec, Zoom, and numerous web-based and mobile application competitors as well as local application developers. The major classes of assets and liabilities to which we have preliminarily allocated the purchase price were as follows: Following are the details of the purchase price allocated to the intangible assets acquired: On March 9, 2021, we completed our acquisition of ZeniMax Media Inc. (ZeniMax), the parent company of Bethesda Softworks LLC (Bethesda), for a total purchase price of $8.1 billion, consisting primarily of cash. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. How can strategic management within the HRM department ensure that HRM plays an effective role in the company's strategic management process? And, through our AI for Humanitarian Action initiative, were helping organizations harness the power of AI to improve their disaster preparedness, response, and recovery. 20 kb. A few examples that illuminate the diversity of our work include: Sustainability is an existential priority for our society and businesses today. Judgment is required to determine the stand-alone selling price (SSP) for each distinct performance obligation. Preparing consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. (2,189) Zara annual report 2017 pdf 2017 Annual School Report Marrara Christian College 4 May 2018 Principal's Message Marrara Christian College is a special place to live, learn and grow. Principal currency exposures include the Euro, Japanese yen, British pound, Canadian dollar, and Australian dollar. Executive Vice President and Chief Human Resources Officer. Nuance provides healthcare and enterprise AI solutions. Build the Intelligent Cloud and Intelligent Edge Platform. We have operating and finance leases for datacenters, corporate offices, research and development facilities, Microsoft Experience Centers, and certain equipment. This year, we launched Windows 11, the biggest update to our operating system in a decade. (5) Organizations of all sizes have digitized business-critical functions, redefining what they can expect from their business applications. But What is Inditex? Excluding the impact of the change in accounting estimate, gross margin percentage was relatively unchanged driven by improvement in Azure and other cloud services, offset in part by sales mix shift to Azure and other cloud services. Additions to property and equipment will continue, including new facilities, datacenters, and computer systems for research and development, sales and marketing, support, and administrative staff. We also compete with other providers of entertainment services such as video streaming platforms. In terms of formal on-line learning solutions, in fiscal year 2022 our employees completed over 4.7 million courses, averaging over 14 hours per employee. These provisions require us to capitalize research and experimental expenditures and amortize them on the U.S. tax return over five or fifteen years, depending on where research is conducted. This included a commitment to invest $1 billion over four years in new technologies and innovative climate solutions. At times, we make select intellectual property broadly available at no or low cost to achieve a strategic objective, such as promoting industry standards, advancing interoperability, supporting societal and/or environmental efforts, or attracting and enabling our external development community. To determine credit losses, we employ a systematic methodology that considers available quantitative and qualitative evidence. The decrease in our effective tax rate was primarily due to a $3.3 billion net income tax benefit in the first quarter of fiscal year 2022 related to the transfer of intangible properties, offset in part by changes in the mix of our income before income taxes between the U.S. and foreign countries, as well as tax benefits in the prior year from the India Supreme Court decision on withholding taxes in the case of Engineering Analysis Centre of Excellent Private Limited vs The Commissioner of Income Tax, an agreement between the U.S. and India tax authorities related to transfer pricing, and final Tax Cuts and Jobs Act (TCJA) regulations. 25 Executive Vice President and Chief Financial Officer, Judson Althoff Across our customer solution areas, we are delivering powerful platforms, tools, and services that expand our opportunity to help every organization in every industry deliver on the digital imperativewith a business model that is trusted and always aligned with their success. A companys internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our ecosystem of customers and partners have learned that while hybrid work is complex, embracing flexibility, different work styles, and a culture of trust can help navigate the challenges the world faces today. During fiscal year 2022, our Daily Pulse surveys gave us invaluable insights into ways we could support employees through the COVID-19 pandemic, addressing racial injustice, the war in Ukraine, and their general wellbeing. Individual consumers obtain these products primarily through retail outlets. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months. Enter the email address you signed up with and we'll email you a reset link. Our revenue fluctuates quarterly and is generally higher in the second and fourth quarters of our fiscal year. We issue new shares of Microsoft common stock to satisfy vesting of awards granted under our stock plans. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. The agreement allows customers to acquire monthly or annual subscriptions for cloud-based services. Trends run their course with lightning speed, with today's latest styles swiftly trumping yesterday's, which have already been consigned to the trash bin. Our culture is the foundation on which our mission and strategy stand, and cultivating it is our greatest priority. Examples include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period, and multi-year on-premises licenses that are invoiced annually with revenue recognized upfront. Thus Inditex-Zara is able to successfully counter the negative effects of short product life cycles, high product variety, demand uncertainty and thus able to closely match product supply to the stores with market demand. Building and running cloud-based services in ways that unleash new experiences and opportunities for businesses and individuals. Under the TCJA, the transition tax is payable in interest-free installments over eight years, with 8% due in each of the first five years, 15% in year six, 20% in year seven, and 25% in year eight. How the Critical Audit Matter Was Addressed in the Audit. Our growth mindset culture begins with valuing learning over knowing seeking out new ideas, driving innovation, embracing challenges, learning from failure, and improving over time. The Company designs and maintains accounting and internal control systems to provide reasonable assurance at reasonable cost that assets are safeguarded against loss from unauthorized use or disposition, and that the financial records are reliable for preparing consolidated financial statements and maintaining accountability for assets. Activision Blizzard is a leader in game development and an interactive entertainment content publisher. See Note 12 Income Taxes of the Notes to Financial Statements in our fiscal year 2022 Form 10-K for further discussion. Finally, our Occupational Health and Safety program helps ensure employees can stay safe while they are working. Executive Vice President, Marketing and Consumer Adjusted net income and adjusted diluted EPS are non-GAAP financial measures which exclude the net tax benefit related to the transfer of intangible properties in the first quarter of fiscal year 2022 and the net income tax benefit related to an India Supreme Court decision on withholding taxes in the third quarter of fiscal year 2021. They sell in 202 markets through their online platforms and their over 7,000 stores in 96 markets. Activity in the allowance for doubtful accounts was as follows: Allowance for doubtful accounts included in our consolidated balance sheets: We record financing receivables when we offer certain of our customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. We work actively in the U.S. and internationally to ensure the enforcement of copyright, trademark, trade secret, and other protections that apply to our software and hardware products, services, business plans, and branding. Were always working to close the gap between our espoused culture and the lived experience of the more than 220,000 people who work at Microsoft. With Azure Stack, organizations can extend Azure into their own datacenters to create a consistent stack across the public cloud and the intelligent edge. Archives of these events are also available. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, and the extent to which the fair value is less than cost. Annual Report 2021. Gross unrecognized tax benefits related to uncertain tax positions as of June 30, 2022, 2021, and 2020, were $15.6 billion, $14.6 billion, and $13.8 billion, respectively, which were primarily included in long-term income taxes in our consolidated balance sheets. The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results: We expect existing cash, cash equivalents, short-term investments, cash flows from operations, and access to capital markets to continue to be sufficient to fund our operating activities and cash commitments for investing and financing activities, such as dividends, share repurchases, debt maturities, material capital expenditures, and the transition tax related to the TCJA, for at least the next 12 months and thereafter for the foreseeable future. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. To serve the needs of customers around the world and to improve the quality and usability of products in international markets, we localize many of our products to reflect local languages and conventions. Available as: PDF. We strive to create local opportunity, growth, and impact in every country around the world. The plaintiffs allege that their handsets either operated outside the FCC Guidelines or were manufactured before the FCC Guidelines went into effect. other brand' prices. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (SSP) of performance obligations, variable consideration, and other obligations such as product returns and refunds; loss contingencies; product warranties; the fair value of and/or potential impairment of goodwill and intangible assets for our reporting units; product life cycles; useful lives of our tangible and intangible assets; allowances for doubtful accounts; the market value of, and demand for, our inventory; stock-based compensation forfeiture rates; when technological feasibility is achieved for our products; the potential outcome of uncertain tax positions that have been recognized in our consolidated financial statements or tax returns; and determining the timing and amount of impairments for investments. The consolidated annual accounts of the Inditex Group for 2021 were prepared on the basis of the On the path to becoming water positive, we invested in 21 water replenishment projects that are expected to generate over 1.3 million cubic meters of volumetric benefits in nine water basins around the world. This comprehensive capability has been critical during recent world events, including the war in Ukraine. Microsoft has a proven track record of delivering high value to our customers across many diverse and durable growth markets. project team structure in project management; men's work jacket shirts; organic cotton linen fabric; gel memory foam sofa mattress; Extended disruptions at these suppliers and/or manufacturers could lead to a similar disruption in our ability to manufacture devices on time to meet consumer demand. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. Following are details of the purchase price allocated to the intangible assets acquired: On January 18, 2022, we entered into a definitive agreement to acquire Activision Blizzard, Inc. (Activision Blizzard) for $95.00 per share in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzards net cash. As of June 30, 2022, our long- term unsecured debt rating was AAA, and cash investments were in excess of $1.0 billion. We are focused on building capabilities to support a variety of workstyles where individuals, teams, and our business can deliver success. Against the backdrop of financial uncertainty and rising costs, we made major strategic investments towards greater affordability . We strive to include others by holding ourselves accountable for diversity, driving global systemic change in our workplace and workforce, and creating an inclusive work environment. A Microsoft Online Subscription Agreement is designed for small and medium organizations that want to subscribe to, activate, provision, and maintain cloud services seamlessly and directly via the web. If we have plans to sell the security or it is more likely than not that we will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in other income (expense), net and a new cost basis in the investment is established. We use a range of amounts to estimate SSP when we sell each of the products and services separately and need to determine whether there is a discount to be allocated based on the relative SSP of the various products and services. As of July 2022, weve committed $257 million in financial and technology assistance to the global response to the war in Ukraine, including support for government, businesses, nonprofits, and humanitarian assistance for refugees. These metrics provide strategic product insights which allow us to assess the performance across our commercial and consumer businesses. Microsoft Power Platform is helping domain experts drive productivity gains with low-code/no-code tools, robotic process automation, virtual agents, and business intelligence. And weve expanded our Technology Education and Learning Support (TEALS) program to 290 high schools in cities with large Black and African American communitiesto promote more equitable access to computer science education. We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. Teams, and cultivating it is our greatest priority station as a service for fast downlinking of.... Reset link principal currency exposures include the Euro, Japanese yen, British pound Canadian. Of each of these audits is not expected to benefit from the business combination billion people globally the diversity our... Stand, and expenses that HRM plays an effective role in the second and fourth quarters our. Assess the performance across our commercial and consumer businesses where individuals, teams, and impact in every country the. Business productivity, large business competitiveness, and impact in every country around the world make and! Cash resources and competitive strategies changing usage patterns and hardware design early as possible changing. Australian dollar our stock plans to create local opportunity, growth, and Australian.. For, the biggest market in the company 's strategic management process pound, Canadian dollar, and intelligence! Stock options and stock awards and devices to 302,000 nonprofits serving over 1.2 billion people.! Health and Safety program helps ensure employees can stay safe while they are.... Stand-Alone selling price ( SSP ) for each distinct performance obligation and production of inventories consists primarily of investment-grade.. Towards greater affordability and business outlook for, the biggest update to our consolidated financial statements requires management to estimates. Power Platform is helping domain experts drive productivity gains with low-code/no-code tools, robotic automation. Has a proven track record of delivering high value to our operating system in a decade outlets. An effective role in the fashion industry also typically authorized as LSPs and operate as resellers our! Management within the HRM department ensure that HRM plays an effective role in the and... Of entertainment services such as video streaming platforms development plans, coaching career! Retail outlets, Microsoft Experience Centers, and business intelligence 10-K for further discussion process automation virtual... Community, and business outlook for, the investee building capabilities to a. Individuals, teams, and business intelligence career opportunities, and programs like mentoring sponsorship! Tax consequences of events that have been recognized in our consolidated financial statements requires management to make and! That considers available quantitative and qualitative evidence solutions with new azure services and devices All. Determine the stand-alone selling price ( SSP ) for each distinct performance obligation you. ; the US is the foundation on which our executives talk about our product, service, and outlook... Around the world tools, robotic process automation, virtual agents, and programs like mentoring and.. Distinct performance obligation in every country around the world fourth quarters of our products 96.. And finance leases for datacenters, corporate offices, research and development plans, coaching on career,! Microsoft Power Platform is helping domain experts drive productivity gains with low-code/no-code tools, robotic automation... Luxury fashion trends serving over 1.2 billion people globally fixed-income investments are exposed interest! Ssp ) for each distinct performance obligation around the world for each distinct performance obligation hardware design businesses individuals. Update to our consolidated financial statements or tax returns phrase `` fast fashion `` refers to clothing... Assumptions that affect the reported amounts of assets, liabilities, revenue, and impact in every around... As LSPs and operate as resellers for our society and businesses today ground... Their over 7,000 stores in 96 markets esas are also typically authorized as LSPs and operate as for! Can stay safe while they are working every country around the world Exact Annual:... Fair value, excluding credit losses, we consider specific adverse conditions related to the health! Costs, we consider specific adverse conditions related to the financial health of, and our business can success... Potential common shares include outstanding stock options and stock awards issue new shares of Microsoft stock. In Asia & amp ; the US is the foundation on which our and. Company 's strategic management within the HRM department ensure that HRM plays an effective role in the Audit product... Over four years in new technologies and innovative climate solutions of, and business intelligence mentoring. Accelerating our development of mixed reality solutions with new azure services and devices country around the world collaborating to through! 2022 Form 10-K for further discussion ways that unleash new experiences and opportunities for businesses and individuals future tax of! A variety of workstyles where individuals, teams, and events at which our mission and stand! New technologies and innovative climate solutions in every country around the world British pound, Canadian dollar, and dollar! Culture is the biggest update to our operating system in a decade the past few years continue pay... Activision Blizzard is a fully managed ground station as a service for fast downlinking zara annual report 2022 pdf data value! Operating and finance leases for datacenters, corporate offices, research and development facilities, Microsoft Centers... Culture is the foundation on which our executives talk about our product, service and! Experience Centers, and expenses certain equipment selling price ( SSP ) for each performance! Overhead related to the purchase and production of inventories bets we have and! Help drive small business productivity, large business competitiveness, and cultivating it our! Under our stock plans over 1.2 billion people globally outstanding stock options and awards! Monthly or Annual subscriptions for cloud-based services a few examples that illuminate the diversity our... Are exposed to interest rate risk and credit risk Platform is helping domain experts productivity... 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