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Segment Information (Tables)
12 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

The following table reconciles Total Segment EBITDA to income from continuing operations.

 

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

Revenues:

      

News and Information Services

   $ 5,338      $ 5,731      $ 6,153   

Book Publishing

     1,646        1,667        1,434   

Digital Real Estate Services

     822        625        408   

Cable Network Programming

     484        500        491   

Other

     2        1        —     
  

 

 

   

 

 

   

 

 

 

Total Revenues

     8,292        8,524        8,486   
  

 

 

   

 

 

   

 

 

 

Segment EBITDA:

      

News and Information Services

   $ 214      $ 603      $ 665   

Book Publishing

     185        221        197   

Digital Real Estate Services

     344        201        214   

Cable Network Programming

     124        135        128   

Other

     (183     (215     (241
  

 

 

   

 

 

   

 

 

 

Total Segment EBITDA

     684        945        963   
  

 

 

   

 

 

   

 

 

 

Depreciation and amortization

     (505     (498     (552

Impairment and restructuring charges

     (89     (84     (94

Equity earnings of affiliates

     30        58        90   

Interest, net

     43        56        68   

Other, net

     18        75        (653
  

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations before income tax benefit (expense)

     181        552        (178

Income tax benefit (expense)

     54        (185     614   
  

 

 

   

 

 

   

 

 

 

Income from continuing operations

   $ 235      $ 367      $ 436   
  

 

 

   

 

 

   

 

 

 
Reconciliation of Depreciation and Amortization, Capital Expenditures and Goodwill and Intangible Assets from Segments to Consolidated
     For the fiscal years ended June 30,  
     2016      2015      2014  
     (in millions)  

Depreciation and amortization:

        

News and Information Services

   $ 347       $ 365       $ 458   

Book Publishing

     55         52         36   

Digital Real Estate Services

     69         44         20   

Cable Network Programming

     29         33         36   

Other

     5         4         2   
  

 

 

    

 

 

    

 

 

 

Total Depreciation and amortization

   $ 505       $ 498       $ 552   
  

 

 

    

 

 

    

 

 

 

 

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

Capital expenditures:

        

News and Information Services

   $ 174       $ 238       $ 268   

Book Publishing

     9         12         52   

Digital Real Estate Services

     64         45         24   

Cable Network Programming

     8         7         7   

Other

     1         6         7   
  

 

 

    

 

 

    

 

 

 

Total Capital expenditures

   $ 256       $ 308       $ 358   
  

 

 

    

 

 

    

 

 

 

 

     As of June 30,  
     2016      2015  
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,651       $ 2,593   

Book Publishing

     869         896   

Digital Real Estate Services

     1,499         835   

Cable Network Programming

     898         938   

Other

     4         4   
  

 

 

    

 

 

 

Total goodwill and intangible assets, net

   $ 5,921       $ 5,266   
  

 

 

    

 

 

 

 

Reconciliation of Assets from Segments to Consolidated


     As of June 30,  
     2016      2015  
     (in millions)  

Total assets:

     

News and Information Services

   $ 6,728       $ 6,749   

Book Publishing

     1,855         2,022   

Digital Real Estate Services

     2,158         1,278   

Cable Network Programming

     1,101         1,163   

Other(a)

     1,371         1,352   

Investments

     2,270         2,379   

Assets held for sale

     —           92   
  

 

 

    

 

 

 

Total assets

   $ 15,483       $ 15,035   
  

 

 

    

 

 

 
 
(a)

The Other segment primarily includes Cash and cash equivalents.

Revenue and Long-Lived Assets by Geographic Region

Geographic Segments

 

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

Revenues:(a)

        

U.S. and Canada(b)

   $ 3,920       $ 3,808       $ 3,631   

Europe(c)

     1,873         1,982         2,045   

Australasia and Other(d)

     2,499         2,734         2,810   
  

 

 

    

 

 

    

 

 

 

Total revenues

   $ 8,292       $ 8,524       $ 8,486   
  

 

 

    

 

 

    

 

 

 

 

(a)

Revenues are attributed to region based on location of customer.

(b)

Revenues include approximately $3.8 billion for fiscal 2016, $3.6 billion for fiscal 2015 and $3.5 billion for fiscal 2014 from customers in the U.S.

(c)

Revenues include approximately $1.5 billion for fiscal 2016, $1.6 billion for fiscal 2015 and $1.8 billion for fiscal 2014 from customers in the U.K.

(d)

Revenues include approximately $2.3 billion for fiscal 2016, $2.3 billion for fiscal 2015 and $2.6 billion for fiscal 2014 from customers in Australia.

 

     As of June 30,  
     2016      2015  
     (in millions)  

Long-lived assets:(a)

     

U.S. and Canada

   $ 1,058       $ 1,097   

Europe

     939         1,201   

Australasia and Other

     804         859   
  

 

 

    

 

 

 

Total long-lived assets

   $ 2,801       $ 3,157   
  

 

 

    

 

 

 

 

(a)

Reflects total assets less current assets, goodwill, intangible assets, investments and non-current deferred tax assets.