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Additional Financial Information (Tables)
 12 Months Ended
Jun. 30, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Components of Other Current Assets Included in Balance Sheets

The following table sets forth the components of Other current assets included in the Balance Sheets:

 

     As of June 30,  
     2014      2013  
     (in millions)  

Inventory(a)

    $ 310       $ 301   

Assets held for sale(b)

      11         89   

Deferred tax assets

      76         55   

Prepayments and other current assets

      274         235   
  

 

 

     

 

 

  

Total Other current assets

    $ 671       $ 680   
  

 

 

     

 

 

  

 

(a) 

Inventory as of June 30, 2014 and 2013 was primarily comprised of books, newsprint, printing ink, plate material and programming rights.
(b) 

Assets held for sale as of June 30, 2013 was comprised primarily of the net assets of the Dow Jones Local Media Group.
Components of Other Non-Current Assets Included in Balance Sheets

The following table sets forth the components of Other non-current assets included in the Balance Sheets:

 

     As of June 30,  
     2014      2013  
     (in millions)  

Royalty advances to authors

    $ 267       $ 248   

Notes receivable(a)

      83         108   

Deferred tax assets

      146         139   

Other

      186         103   
  

 

 

     

 

 

  

Total Other non-current assets

    $ 682       $ 598   
  

 

 

     

 

 

  

 

(a) 

Notes receivable relates to the Company’s sale of its former U.K. newspaper division headquarters. (See Note 3—Acquisitions, Disposals and Other Transactions).
Components of Other Current Liabilities

The following table sets forth the components of Other current liabilities:

 

     As of June 30,  
     2014      2013  
     (in millions)  

Current tax payable

    $ 25       $ 28   

Current deferred income tax

      36         61   

Royalties and commissions payable

      168         154   

Other

      202         189   
  

 

 

     

 

 

  

Total Other current liabilities

    $ 431       $ 432   
  

 

 

     

 

 
Components of Other, Net Included in Statements of Operations

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

 

     For the fiscal years ended June 30,  
         2014             2013             2012      
     (in millions)  

Foreign tax refund payable to 21st Century Fox(a)

    $ (721 )    $ —        $ —     

Gain on third party pension contribution(b)

      37        —          —     

Gain on sale of Australian property

      36       

Gain on CMH transaction(c)

      —          1,263        —     

Gain on sale of investment in SKY Network Television Ltd.(d)

      —          321        —     

Gain on the financial indexes business transactions(e)

      —          12        —     

Loss on sale of U.K. newspaper division headquarters(c)

      —          —          (22 ) 

Investment write-offs(d)

      —          —          (30 ) 

Other

      (5 )      (3 )      (7 ) 
  

 

 

    

 

 

    

 

 

  

Total Other, net

    $ (653 )    $ 1,593      $ (59 ) 
  

 

 

    

 

 

    

 

 

  

 

(a) 

See Note 17—Income Taxes
(b) 

See Note 15—Retirement Benefit Obligations
(c) 

See Note 3—Acquisitions, Disposals and Other Transactions
(d) 

See Note 5—Investments
(e) 

In April 2013, the Company sold its 10% investment in its venture with CME. The Company recorded a gain of $12 million on this transaction which was recorded in Other, net for the fiscal year ended June 30, 2013. In addition, as a result of the transaction, the Company was released from its agreement to indemnify CME with respect to any payment of principal, premium and interest made by CME under its guarantee of the third-party debt issued by the joint venture.
Components of Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) were as follows:

 

     For the fiscal years ended June 30,  
         2014             2013             2012      
     (in millions)  

Accumulated other comprehensive income (loss), net of tax:

       

Unrealized holding gains (losses) on securities:

       

Balance, beginning of year

    $ 2      $ 1      $ 1   

Fiscal year activity(a)

      22        1        —     
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      24        2        1   
  

 

 

    

 

 

    

 

 

  

Pension plans:

       

Balance, beginning of year

      (348 )      (358 )      (214 ) 

Fiscal year activity(b)

      (36 )      10        (144 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (384 )      (348 )      (358 ) 
  

 

 

    

 

 

    

 

 

  

Foreign currency translation:

       

Balance, beginning of year

      617        1,404        1,744   

Fiscal year activity(c)

      354        (787 )      (340 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      971        617        1,404   
  

 

 

    

 

 

    

 

 

  

Share of other comprehensive income from equity affiliates, net:

       

Balance, beginning of year

      —          —          —     

Fiscal year activity(d)

      (1 )      —          —     
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (1 )      —          —     
  

 

 

    

 

 

    

 

 

  

Total accumulated other comprehensive income (loss), net of tax:

       

Balance, beginning of year

      271        1,047        1,531   

Fiscal year activity, net of income taxes

      339        (776 )      (484 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

    $ 610      $ 271      $ 1,047   
  

 

 

    

 

 

    

 

 

  

 

(a) 

Net of income tax expense of $14 million, nil and $1 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.
(b) 

Net of income tax (benefit) expense of $(3) million, $5 million and $(50) million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.
(c) 

Excludes $2 million, $(10) million and $(5) million relating to noncontrolling interests for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.
(d) 

Net of income tax benefit of $1 million for the fiscal year ended June 30, 2014 and nil for the fiscal years ended June 30, 2013 and 2012.