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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Operating activities:      
Net income (loss) $ 250 $ (78) $ 294
Less: Income (loss) from discontinued operations, net of tax 15 (445) (142)
Income from continuing operations: 235 367 436
Adjustments to reconcile income from continuing operations to cash provided by operating activities:      
Depreciation and amortization 505 498 552
Equity earnings of affiliates (30) (58) (90)
Cash distributions received from affiliates 34 138 153
Impairment charges, net of tax 0 0 14
Other, net (18) (75) (68)
Deferred income taxes and taxes payable (147) 59 109
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets 22 29 (102)
Inventories, net 35 18 24
Accounts payable and other liabilities 342 34 104
Pension and postretirement benefit plans (26) (22) (103)
Net cash provided by operating activities from continuing operations 952 988 1,029
Investing activities:      
Capital expenditures (256) (308) (358)
Changes in restricted cash (315) 0 0
Acquisitions, net of cash acquired (520) (1,190) (45)
Investments in equity affiliates and other (51) (146) (1)
Other investments (54) (224) (83)
Proceeds from dispositions 42 182 202
Other 30 15 0
Net cash used in investing activities from continuing operations (1,124) (1,671) (285)
Financing activities:      
Net transfers from 21st Century Fox and affiliates 0 0 217
Borrowings 342 0 0
Repayment of borrowings acquired in the Move acquisition 0 (129) 0
Repurchase of shares (41) (30) 0
Dividends paid (147) (30) (24)
Other, net (4) (1) (4)
Net cash provided by (used in) financing activities from continuing operations 150 (190) 189
Net (decrease) increase in cash and cash equivalents (22) (873) 933
Net decrease in cash and cash equivalents from discontinued operations (61) (227) (196)
Cash and cash equivalents, beginning of period 1,951 3,145 2,381
Exchange movement on opening cash balance (36) (94) 27
Cash and cash equivalents, end of period $ 1,832 $ 1,951 $ 3,145