Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2015 and June 30, 2014 were as follows:

	As of June 30,
	2015		2014
	(in millions)
Intangible Assets Not Subject to Amortization
Newspaper Mastheads	$	308	$	317
Distribution Networks		392		397
Imprints		266		190
Tradenames		120		4
Total intangible assets not subject to amortization		1,086		908
Intangible Assets Subject to Amortization
Channel Distribution Agreements(a)		366		471
Publishing Rights(b)		389		358
Customer Relationships(c)		360		352
Other(d)		41		48
Total intangible assets subject to amortization, net		1,156		1,229
Total Intangible assets, net	$	2,242	$	2,137

^(a)  Net of accumulated amortization of $43 million and $33 million as of June 30, 2015 and 2014, respectively. The average useful life of the channel distribution agreements is 25 years primarily based on the period that a majority of the future cash flows from these intangibles will be generated.

^(b)  Net of accumulated amortization of $122 million and $94 million as of June 30, 2015 and 2014, respectively. The average useful life of publishing rights is 4 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

^(c)  Net of accumulated amortization of $354 million and $325 million as of June 30, 2015 and 2014, respectively. The average useful life of customer relationships ranges from 2 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

^(d)  Net of accumulated amortization of $90 million and $86 million as of June 30, 2015 and 2014, respectively. The average useful life of other intangible assets ranges from 2 to 10 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	News and Information Services			Book Publishing			Digital Real Estate Services			Cable Network Programming			Digital Education			Other		Total Goodwill
	(in millions)
Balance, June 30, 2013	$	1,679		$	70		$	70		$	581		$	325		$	—	$	2,725
Acquisitions		19			2			12			—			—			—		33
Foreign currency movements		3			—			4			18			—			—		25
Dispositions		—			(1	)		—			—			—			—		(1	)
Balance, June 30, 2014	$	1,701		$	71		$	86		$	599		$	325		$	—	$	2,782
Acquisitions		—			191			566			—			—			4		761
Foreign currency movements		(5	)		(21	)		(16	)		(113	)		—			—		(155	)
Impairments		—			—			—			—			(325	)		—		(325	)
Balance, June 30, 2015	$	1,696		$	241		$	636		$	486		$	—		$	4	$	3,063