Acquisitions, Disposals and Other Transactions (Tables) - Move Inc [Member]

9 Months Ended

Mar. 31, 2016

Schedule of Total Transaction Value for Acquisition

The total transaction value for the Move acquisition is set forth below (in millions):

Cash paid for Move equity	$	864
Assumed equity-based compensation awards—pre-combination services		28
Total consideration transferred	$	892
Plus: Assumed debt		129
Plus: Assumed equity-based compensation awards—post-combination services		39
Less: Cash acquired		(108	)
Total transaction value	$	952

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

Under the purchase method of accounting, the total consideration transferred is allocated to net tangible and intangible assets based upon the fair value as of the date of completion of the acquisition. The excess of the total consideration transferred over the fair value of the net tangible and intangible assets acquired was recorded as goodwill. The allocation is as follows (in millions):

Assets acquired:
Cash	$	108
Other current assets		28
Intangible assets		216
Deferred income taxes		153
Goodwill		552
Other noncurrent assets		69
Total assets acquired	$	1,126
Liabilities assumed:
Current liabilities	$	50
Deferred income taxes		52
Borrowings		129
Other noncurrent liabilities		3
Total liabilities assumed		234
Net assets acquired	$	892