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Discontinued Operations (Tables)
12 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Results of Operations and Cash Flows from Discontinued Operations

The following table summarizes the results of operations from the discontinued segment:

 

     For the fiscal years ended June 30,  
         2016             2015             2014      
     (in millions)  

Revenues

   $ 27      $ 109      $ 88   

Loss before income tax benefit

     (159     (496     (219

Income tax benefit

     174        51        77   
  

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations, net of tax

   $ 15      $ (445   $ (142
  

 

 

   

 

 

   

 

 

 

The following table summarizes the cash flows from discontinued operations:

 

     For the fiscal years ended June 30,  
         2016             2015             2014      
     (in millions)  

Net cash used in operating activities

   $ (74   $ (157   $ (175

Net cash provided by (used in) investing activities

     13        (70     (21

Net cash used in financing activities

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Net decrease in cash and cash equivalents

   $ (61   $ (227   $ (196
  

 

 

   

 

 

   

 

 

 
Summary of Assets and Liabilities Held for Sale Related to Discontinued Operations

Assets and liabilities held for sale related to discontinued operations as of June 30, 2016 and June 30, 2015 are included in Other current liabilities and Other current assets, respectively, in the Balance Sheets as follows:

 

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

Current assets

   $ 1      $ 54   

Non-current assets

     —          100   
  

 

 

   

 

 

 

Total assets

   $ 1      $ 154   
  

 

 

   

 

 

 

Current Liabilities

     7        46   

Non-current liabilities

     —          16   
  

 

 

   

 

 

 

Total liabilities

   $ 7      $ 62   
  

 

 

   

 

 

 

Net (liabilities) assets held for sale

   $ (6   $ 92