XML 141 R58.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments - Schedule of Investments (Parenthetical) (Detail)
AUD in Millions, $ in Millions
1 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
Nov. 30, 2014
USD ($)
Aug. 31, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Jun. 30, 2015
AUD
Dec. 31, 2014
Jul. 31, 2014
USD ($)
Schedule of Investments [Line Items]                  
Equity method investments dividends received       $ 138 $ 153 $ 220      
Finite-lived intangible assets, net $ 1,156     1,156 1,229        
Other investments $ 345     345 425        
Cash consideration on sale of marketable securities     $ 104            
Gain on sale of marketable securities [1]       $ 29 6        
Foxtel Shareholder Notes [Member]                  
Schedule of Investments [Line Items]                  
Earliest date subordinated note can be repaid       Jul. 01, 2022          
Maturity date of subordinated note       Jul. 15, 2027          
Percentage of interest payable on subordinated note 12.00%     12.00%     12.00%    
Foxtel [Member]                  
Schedule of Investments [Line Items]                  
Equity method investments dividends received       $ 107 151        
Investment exceeds equity in underlying net assets $ 1,600     1,600          
Carrying value of investment [2] 1,476     1,476 1,869        
Loan Receivable from Foxtel [Member]                  
Schedule of Investments [Line Items]                  
Other investments $ 345 [3]     $ 345 [3] $ 425 [3]   AUD 451    
APN [Member]                  
Schedule of Investments [Line Items]                  
Ownership interest percentage on investment 14.99%     14.99%     14.99%    
Purchase price of ownership interest       $ 112          
SEEK Asia Limited [Member]                  
Schedule of Investments [Line Items]                  
Ownership interest percentage on investment 12.90% 12.10%   12.90%     12.90%    
Additional ownership interest percentage on investment 0.80%     0.80%     0.80%    
Other investments, amount   $ 60              
Purchase price of ownership interest $ 7                
Subscriber Relationships [Member] | Foxtel [Member]                  
Schedule of Investments [Line Items]                  
Finite-lived intangible assets, net $ 500     $ 500          
Finite Lived Intangible Asset Useful Life       8 years          
iProperty Group Limited [Member]                  
Schedule of Investments [Line Items]                  
Ownership interest percentage on investment 19.90%     19.90%     19.90%   17.22%
Equity method investment, cash consideration paid                 $ 100
Additional ownership interest percentage on investment               2.20%  
Carrying value of investment $ 90     $ 90          
[1] See Note 5-Investments
[2] The change in the Foxtel investment for the fiscal year ended June 30, 2015 was primarily due to the impact of foreign currency fluctuations. For the fiscal years ended June 30, 2015 and 2014, the Company received dividends from Foxtel of $107 million and $151 million, respectively. The Company's investment in Foxtel exceeds its equity in the underlying net assets by approximately $1.6 billion as of June 30, 2015. 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 $0.5 billion primarily represent subscriber relationships with a weighted remaining average useful life of 8 years.
[3] 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 ($345 million and $425 million as of June 30, 2015 and June 30, 2014, 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.