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Investments - Schedule of Investments (Detail)
In Millions, unless otherwise specified
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Jun. 30, 2014
Foxtel [Member]
USD ($)
Jun. 30, 2013
Foxtel [Member]
USD ($)
Nov. 30, 2012
Foxtel [Member]
Jun. 30, 2014
Other Equity Method Investments [Member]
USD ($)
Jun. 30, 2013
Other Equity Method Investments [Member]
USD ($)
Jun. 30, 2014
Loan Receivable from Foxtel [Member]
USD ($)
Jun. 30, 2014
Loan Receivable from Foxtel [Member]
AUD
Jun. 30, 2013
Loan Receivable from Foxtel [Member]
USD ($)
Jun. 30, 2013
Loan Receivable from Foxtel [Member]
AUD
Schedule of Investments [Line Items]                      
Equity method investments     $ 1,869 [1] $ 1,875 [1]   $ 24 $ 35        
Other investments 425 412           425 [2] 451 412 [2] 451
Available-for-sale securities 151 [3] 6 [3]                  
Cost method investments 140 [4] 171 [4]                  
Total Investments $ 2,609 $ 2,499                  
Equity method investment, ownership percentage     50.00% [1]   50.00%            
[1] For the fiscal years ended June 30, 2014 and 2013, the Company received dividends from Foxtel of $151 million and $159 million, respectively. The Company's investment in Foxtel exceeds its equity in the underlying net assets by approximately $2.1 billion as of June 30, 2014. This amount represented the excess cost over the Company's proportionate share of its investment's underlying net assets. This has been allocated between finite-lived intangible assets, indefinite-lived intangible assets and goodwill. The finite-lived intangible assets of approximately $0.7 billion primarily represent subscriber relationships with a weighted remaining average useful life of 8 years.
[2] In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and Foxtel's shareholders made pro rata capital contributions in the form of subordinated shareholder notes based on their respective ownership interests. The Company's share of the subordinated shareholder notes was approximately A$451 million ($425 million and $412 million as of June 30, 2014 and 2013, respectively). The subordinated shareholder note can be repaid beginning in July 2022 provided that Foxtel's senior debt has been repaid. The subordinated shareholder note has a maturity date of July 15, 2027, with interest of 12% payable on June 30 each year and at maturity. Upon maturity, the principal advanced will be repayable.
[3] In April 2014, The Rubicon Project ("Rubicon"), in which the Company originally owned approximately 5.6 million shares, completed an initial public offering of its common stock. The Company sold approximately 850 thousand shares as part of the public offering which resulted in a pre-tax gain on sale of $6 million and reduced the Company's ownership percentage to 13.7%. Prior to the public offering, the Company's investment in Rubicon was recorded in the Balance Sheets as a cost method investment. As a result of the offering, the Company's remaining investment in Rubicon was designated as an available-for-sale security as of April 2014, and carried at fair value. While the Rubicon investment is classified as an available-for-sale security, the Company is contractually restricted from selling these shares for at least six months from the date of the public offering.
[4] Cost method investments primarily include the Company's investment in SEEKAsia Limited ("SEEK Asia") and certain investments in China. In February 2014, SEEK Asia, in which the Company owns a 12.1% interest, agreed to purchase the online employment businesses of JobStreet Corporation Berhad ("JobStreet"), which will be combined with JobsDB, Inc., SEEK Asia's existing online employment business. The transaction, which is subject to certain conditions, including regulatory approval and JobStreet shareholder approval, will be funded primarily through additional contributions by SEEK Asia shareholders. The Company's share of the funding contribution is expected to be approximately $50 million and is subject to the closing of the JobStreet acquisition. The Company will continue to hold a 12.1% investment in SEEK Asia following the transaction.