but also phones that include blank memory for data storage on the phones, regardless of actual usage of that memory. Some of our distributors include Ingram Micro and Tech Data, and some of our largest resellers include CDW, Dell, Insight Enterprises, and Software House International. These alternatives could result in higher effective tax rates, increased interest expense, or dilution of our earnings. Because our annual test indicated that Phone Hardwares carrying value exceeded its estimated fair value, a second phase of the goodwill impairment test (Step 2) was performed specific to Phone Hardware. Office 365 Commercial is an online services offering that includes Microsoft Office, Exchange, SharePoint, and Skype for Business, and is available across a variety of devices and platforms. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures. In the second half of fiscal year 2015, Phone Hardware did not meet its sales volume and revenue goals, and the mix of units sold had lower margins than planned. Deloitte Touche LLP has audited our internal control over financial reporting as of June 30, 2015; their report follows. Microsoft and Motorola have filed additional claims against each other with the ITC, in federal district courts in Seattle, Wisconsin, Florida, and California, and in courts in Germany. We generate revenue by developing, licensing, and supporting a wide range of software products, by offering an array of services, including cloud-based services to consumers and businesses, by designing, manufacturing, and selling devices that integrate with our cloud-based services, and by delivering relevant online advertising. As a result, changes in foreign exchange rates may significantly affect revenue and expenses.
The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2015: (In millions) Year Ending June 30, Thereafter 1,451 Total 4,835 note 12 debt Short-term Debt As of June 30, 2015, we had.0 billion of commercial paper. We estimate the total remaining cost of the settlements is approximately 200 million, all of which had been accrued as of June 30, 2015. Cost of revenue increased, mainly due to Phone Hardware, as well as increasing costs in support of our Commercial Cloud, including 396 million of higher datacenter expenses. Arrangements that include term-based licenses for current products with the right to use unspecified future versions of the software during the coverage period, are also accounted for as subscriptions, with revenue recognized ratably over the coverage period.
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Unrealized losses from domestic and international equities are due to market price movements. Fiscal year forex investment management 2014 compared with fiscal year 2013 General and administrative expenses decreased 336 million or 7, mainly due to the European Commission fine in the prior year, offset in part by higher business taxes, higher costs for internal use software capitalized in the prior. During fiscal year 2014, we deferred a net 349 million of revenue related to Bundled Offerings. In July 2014, we announced that we would no longer sign new Select Plus agreements with commercial organizations starting July 2015, and encouraged customers who want to purchase licenses to transition to the mpsa. Prior to the acquisition of NDS, financial results associated with our joint strategic initiatives with Nokia were reflected in our Devices and Consumer (D C) Licensing segment. The determination of market value and the estimated volume of demand used in the lower of cost or market analysis require significant judgment.