NOTE 11. ADDITIONAL FINANCIAL INFORMATION

Impairment and restructuring charges

Impairment and restructuring charges were $3 million and $39 million for the three months ended December 31, 2017 and 2016, respectively, and $24 million and $176 million for the six months ended December 31, 2017 and 2016, respectively. The impairment and restructuring charges for the three and six months ended December 31, 2016 were primarily comprised of costs in connection with management and employee transitions and restructuring at several of the Company’s business units.

Other, net

The following table sets forth the components of Other, net included in the Unaudited Consolidated Statements of Operations:

	For the three months ended December 31,						For the six months ended December 31,
	2017			2016			2017			2016
	(in millions)
Acquisition related and other transaction costs^(a)	$	(85	)	$	(31	)	$	(139	)	$	(31	)
Disney Transaction costs^(b)		(32	)		-			(32	)		-
Settlement loss on pension liabilities^(c)		(86	)		(40	)		(86	)		(40	)
Other^(d)		(26	)		(17	)		(44	)		(28	)

Total other, net	$	(229	)	$	(88	)	$	(301	)	$	(99	)

^(a)

The acquisition related and other transaction costs primarily represent the change in fair value of a foreign currency option contract to limit the foreign currency exchange rate risk in connection with the Sky Acquisition (See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Sky Acquisition” for further discussion).

^(b)	See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Disney Transaction/Distribution of New Fox” for further discussion.

^(c)

During the three and six months ended December 31, 2017, the Company settled a portion of its pension obligations by irrevocably transferring pension liabilities to an insurance company through the purchase of a group annuity contract and through lump sum distributions. These payments, funded with pension plan assets, resulted in pre-tax settlement losses related to the recognition of accumulated deferred actuarial losses. During the three and six months ended December 31, 2016, the Company settled a portion of its pension obligations through lump sum distributions, which resulted in a pre-tax settlement loss related to the recognition of accumulated deferred actuarial losses.

^(d)	Other for the six months ended December 31, 2016 included approximately $35 million of costs related to settlements of claims arising out of allegations of sexual harassment at the Company’s Fox News Channel business.

Receivables, net

Receivables are presented net of an allowance for returns and doubtful accounts, which is an estimate of amounts that may not be collectible. Allowances for returns and doubtful accounts as of December 31, 2017 and June 30, 2017 were $515 million and $537 million, respectively.

Supplemental Cash Flows Information

	For the six months ended December 31,
	2017			2016
	(in millions)
Supplemental cash flows information
Cash paid for income taxes	$	(663	)	$	(460	)

Cash paid for interest	$	(596	)	$	(597	)