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Related Party Transactions and Relationship with 21st Century Fox Investment (Tables)
 12 Months Ended
Jun. 30, 2015
Schedule of Net Revenue from Related Parties

The following table sets forth the net revenue from related parties included in the Statements of Operations:

 

     For the fiscal years ended June 30,  
         2015              2014              2013      
     (in millions)  

Related party revenue, net of expense

    $ 330       $ 349       $ 242   

 
Schedule of Amount of Accounts Receivable Due from and Payable to Related Parties

The following table sets forth the amount of accounts receivable due from and payable to related parties outstanding on the Balance Sheets:

 

     As of June 30,  
         2015              2014      
     (in millions)  

Accounts receivable from related parties

    $ 3       $ 2   

Notes receivable from related parties

      345         425   

Accounts payable to related parties

      —           —     

 
21st Century Fox [Member]  
Schedule of Components of Net Decrease in Investment

The following table summarizes the components of the net decrease in 21st Century Fox investment for the fiscal year ended June 30, 2013:

 

     For the fiscal year
ended June 30,		  
     2013  
     (in millions)  

Cash pooling and general financing activities(a)

    $ (176 ) 

Corporate allocations

      240   

Cash transfer from 21st Century Fox for acquisitions and dispositions

      1,933   

Contribution of assets and liabilities assumed upon Separation:

   

Cash

      786   

Amounts due from 21st Century Fox(b)

      247   

Taxes payable(c)

      571   

Deferred taxes, net of valuation allowances(d)

      416   

Cost and equity-based investments

      127   

Employee benefits and compensation liabilities

      (94 ) 

Redeemable preferred stock

      (20 ) 

Other liabilities, net

      (11 ) 

Conversion of 21st Century Fox investment to Additional paid-in capital

      (12,287 ) 
  

 

 

  

Net decrease in 21st Century Fox investment

    $ (8,268 ) 
  

 

 

  

 

(a) 

The activities included in the line item “Cash pooling and general financing activities” include financing activities for capital transfers, cash sweeps and other treasury services prior to the Separation. Such pooling activities no longer exist between the Company and 21st Century Fox post-Separation.
(b) 

The amounts due from 21st Century Fox consisted of a receivable of $207 million related to the final cash distribution which was received from 21st Century Fox during the first quarter of fiscal 2014 and $40 million related to the indemnification of certain costs related to the U.K. Newspaper Matters as discussed below.
(c) 

For purposes of the Company’s Financial Statements for periods prior to the Separation, income tax expense has been recorded as if the Company filed tax returns on a stand-alone basis separate from 21st Century Fox by applying the separate tax returns method. This amount represents the difference between the separate return method and the actual income tax liabilities allocated to the Company, pursuant to the applicable tax law, as of the Distribution Date.
(d) 

The deferred taxes primarily relate to a U.S. deferred tax asset of $429 million ($378 million, net of valuation allowance) as a result of the increased tax basis recognized for goodwill and intangible assets pursuant to the internal reorganization, that transferred to the Company upon Separation.