Restructuring Programs

12 Months Ended

Jun. 30, 2014

Restructuring And Related Activities [Abstract]

NOTE 4. RESTRUCTURING PROGRAMS

Fiscal 2014

In fiscal 2014, the Company recorded restructuring charges of $79 million, of which $67 million related to the newspaper businesses. The restructuring charges recorded in fiscal 2014 were primarily for employee termination benefits.

Fiscal 2013

In fiscal 2013, the Company recorded restructuring charges of $293 million, of which $276 million related to the newspaper businesses. The restructuring charges primarily related to the reorganization of the Australian newspaper businesses which was announced at the end of fiscal 2012 and the continued reorganization of the U.K. newspaper businesses. The restructuring charges recorded were primarily for termination benefits in Australia and contract termination payments in the U.K.

Fiscal 2012

In fiscal 2012, the Company recorded restructuring charges of $156 million, of which $151 million related to the newspaper businesses. The Company commenced the reorganization of portions of the newspaper businesses and recorded restructuring charges primarily for termination benefits as a result of the shutdown of The News of the World, certain organizational restructurings at other newspapers and the shutdown of a regional newspaper.

Changes in the restructuring program liabilities were as follows:


	One time employee termination benefits			Facility related costs			Other costs			Total
	(in millions)

Balance, June 30, 2011	$	23		$	10		$	—		$	33
Additions		126			2			28			156
Payments		(98	)		(4	)		(15	)		(117	)
Other		—			—			(13	)		(13	)

Balance, June 30, 2012	$	51		$	8		$	—		$	59
Additions		208			4			81			293
Payments		(207	)		(5	)		(69	)		(281	)
Other		(1	)		(1	)		(10	)		(12	)

Balance, June 30, 2013	$	51		$	6		$	2		$	59
Additions		69			8			2			79
Payments		(101	)		(5	)		(1	)		(107	)
Other		2			(2	)		(3	)		(3	)

Balance, June 30, 2014	$	21		$	7		$	—		$	28

As of June 30, 2014, restructuring liabilities of approximately $23 million were included in the Balance Sheet in Other current liabilities and $5 million were included in Other non-current liabilities.

Dow Jones

As a result of the Dow Jones acquisition, in fiscal 2008, the Company established and approved plans to integrate the acquired operations into the Company’s News and Information Services segment. The cost to implement these plans consisted of separation payments for certain Dow Jones executives under the change in control plan Dow Jones had established prior to the acquisition, non-cancelable lease commitments and lease termination charges for leased facilities and other contract termination costs associated with the restructuring activities. As of June 30, 2014, all of the material aspects of the plans have been completed and the remaining obligation primarily pertains to the lease termination charges for leased facilities of approximately $23 million.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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