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Additional Financial Information (Tables)
 9 Months Ended
Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Receivables, Net

Receivables, net consist of:

 

     As of
March 31, 2016		     As of
June 30, 2015		  
     (in millions)  

Receivables

    $ 1,467      $ 1,503   

Allowances for returns and doubtful accounts

      (213 )      (220 ) 
  

 

 

    

 

 

  

Receivables, net

    $ 1,254      $ 1,283   
  

 

 

    

 

 

  
Components of Other Current Assets

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

 

     As of
March 31, 2016		      As of
June 30, 2015		  
     (in millions)  

Inventory(a)

    $ 367       $ 299   

Deferred tax assets

      —           63   

Assets held for sale

      —           92   

Amounts due from 21st Century Fox(b)

      59         63   

Prepayments and other current assets

      253         263   
  

 

 

     

 

 

  

Total Other current assets

    $ 679       $ 780   
  

 

 

     

 

 

  

 

(a) 

Inventory at March 31, 2016 and June 30, 2015 was primarily comprised of books, newsprint, printing ink and programming rights.
(b) 

Relates to costs incurred in connection with the U.K. Newspaper Matters which will be indemnified by 21st Century Fox.
Components of Other Non-Current Assets

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

 

     As of
March 31, 2016		      As of
June 30, 2015		  
     (in millions)  

Royalty advances to authors

    $ 305       $ 304   

Notes receivable(a)

      35         39   

Other

      132         124   
  

 

 

     

 

 

  

Total Other non-current assets

    $ 472       $ 467   
  

 

 

     

 

 

  

 

(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
March 31, 2016		      As of
June 30, 2015		  
     (in millions)  

Current tax payable

    $ 26       $ 27   

Royalties and commissions payable

      212         163   

Other

      366         211   
  

 

 

     

 

 

  

Total Other current liabilities

    $ 604       $ 401   
  

 

 

     

 

 

  
Components of Other, Net

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

 

     For the three months
ended March 31,		     For the nine months
ended March 31,		  
         2016              2015             2016              2015      
     (in millions)  

Gain on iProperty transaction(a)

    $ 29       $     —        $ 29       $     —     

Gain on sale of marketable securities(b)

        —           —            —           29   

Dividends received from cost method investments

      —           —          —           20   

Gain on sale of cost method investment

      —           14        —           14   

Other, net

      4         (2 )      3         7   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total Other, net

    $ 33       $ 12      $ 32       $ 70   
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(a) 

The Company recorded a $29 million gain resulting from the revaluation of REA Group’s previously held equity interest in iProperty. See Note 2—Acquisitions, Disposals and Other Transactions.
(b) 

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.