Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of			As of
	December 31, 2015			June 30, 2015
	(in millions)
Receivables	$	1,587		$	1,503
Allowances for returns and doubtful accounts		(238	)		(220	)
Receivables, net	$	1,349		$	1,283

Components of Other Current Assets

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

	As of December 31, 2015		As of June 30, 2015
	(in millions)
Inventory(a)	$	254	$	299
Deferred tax assets		—		63
Assets held for sale		—		92
Prepayments and other current assets		249		263
Total Other current assets	$	503	$	717

^(a)  Inventory at December 31, 2015 and June 30, 2015 was primarily comprised of books, newsprint, printing ink and programming rights.

Components of Other Non-Current Assets

The following table sets forth the components of Other non-current assets:

	As of December 31, 2015		As of June 30, 2015
	(in millions)
Royalty advances to authors	$	296	$	304
Notes receivable(a)		36		39
Deferred tax assets		518		219
Other		134		124
Total Other non-current assets	$	984	$	686

^(a)  Notes receivable relates to the Company’s sale of its former U.K. newspaper division headquarters.

Components of Other Current Liabilities

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

	As of December 31, 2015		As of June 30, 2015
	(in millions)
Current tax payable	$	28	$	27
Royalties and commissions payable		201		163
Other		174		211
Total Other current liabilities	$	403	$	401

Components of Other, Net

The following table sets forth the components of Other, net:

	For the three months ended December 31,					For the six months ended December 31,
	2015			2014		2015			2014
	(in millions)
Gain on sale of marketable securities(a)	$	—		$	—	$	—		$	29
Dividends received from cost method investments		—			3		—			20
Other, net		(6	)		7		(1	)		9
Total Other, net	$	(6	)	$	10	$	(1	)	$	58

^(a)  In August 2014, REA Group completed the sale of a minority interest held in marketable securities for total cash consideration of $104 million. As a result of the sale, REA Group recognized a pre-tax gain of $29 million, which was reclassified out of accumulated other comprehensive income and included in Other, net in the Statement of Operations.