Table:
|  | April 26, 2019 | April 27, 2018 |
| --- | --- | --- |
| Deferred product revenue | $ 84 | $ 107 |
| Deferred services revenue | 3,502 | 3,134 |
| Financed unearned services revenue | 82 | 122 |
| Total | $ 3,668 | $ 3,363 |
| Reported as: |  |  |
| Short-term | $ 1,825 | $ 1,712 |
| Long-term | 1,843 | 1,651 |
| Total | $ 3,668 | $ 3,363 |
Paragraphs:
Deferred revenue and financed unearned services revenue (in millions):
The following table summarizes the components of our deferred revenue and financed unearned services balance as reported in our consolidated balance sheets (in millions):
Deferred product revenue represents unrecognized revenue related to undelivered product commitments and other product deliveries that have not met all revenue recognition criteria. Deferred services revenue represents customer payments made in advance for services, which include software and hardware maintenance contracts and other services. Financed unearned services revenue represents undelivered services for which cash has been received under certain third-party financing arrangements. See Note 18 – Commitments and Contingencies for additional information related to these arrangements
Question:
What does deferred product revenue represent?
Answer: unrecognized revenue related to undelivered product commitments and other product deliveries that have not met all revenue recognition criteria