Table:
| (in millions) | Balance as of March 30, 2018 | Revenue Recognition Guidance | Accounting for Income Taxes Guidance | Opening Balance as of March 31, 2018 |
| --- | --- | --- | --- | --- |
| Accounts receivable, net | $809 | $24 | $— | $833 |
| Other current assets (1) | $522 | $(8) | $(8) | $506 |
| Other long-term assets (2) | $526 | $57 | $750 | $1,333 |
| Total assets | $15,759 | $73 | $742 | $16,574 |
| Short-term contract liabilities | $2,368 | $(107) | $— | $2,261 |
| Other current liabilities | $372 | $(2) | $— | $370 |
| Long-term contract liabilities | $735 | $(62) | $— | $673 |
| Deferred income tax liabilities | $592 | $47 | $— | $639 |
| Total liabilities | $10,736 | $(124) | $— | $10,612 |
| Retained earnings | $328 | $197 | $742 | $1,267 |
Paragraphs:
Opening Balance Sheet Adjustments
The following summarizes the effect of adopting the above new accounting standards:
(1) The balance as of March 30, 2018, includes income tax receivable and prepaid income taxes of $107 million and short-term deferred commissions of $94 million. The opening balance as of March 31, 2018, includes income tax receivable and prepaid income taxes of $99 million and short-term deferred commissions of $86 million.
(2) The balance as of March 30, 2018, includes long-term deferred commissions of $35 million, long-term income tax receivable and prepaid income taxes of $61 million and deferred income tax assets of $46 million. The opening balance as of March 31, 2018, includes long-term deferred commissions of $92 million, long-term income tax receivable and prepaid income taxes of $29 million, and deferred income tax assets of $828 million.
Question:
What does the table show?
Answer: summarizes the effect of adopting the above new accounting standards