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Discontinued Operations (Tables)
6 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Results of Operations from Discontinued Operations

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

 

     For the three months
ended December 31,
    For the six months
ended December 31,
 
         2016              2015             2016              2015      
     (in millions)  

Revenues

   $   —         $ 1      $   —         $ 27   

Loss before income tax benefit

     —           (29     —           (151

Income tax benefit

     —           5        —           173   
  

 

 

    

 

 

   

 

 

    

 

 

 

(Loss) income from discontinued operations, net of tax

   $   —         $ (24   $   —         $ 22   
  

 

 

    

 

 

   

 

 

    

 

 

 

Summary of Cash Flows from Discontinued Operations

The following table summarizes the cash flows from discontinued operations:

 

     For the six months ended
December 31,
 
         2016             2015      
     (in millions)  

Net cash used in operating activities

   $ (3   $ (59

Net cash used in investing activities

     —          19   

Net cash used in financing activities

     —          —     
  

 

 

   

 

 

 

Net decrease in cash and cash equivalents

   $ (3   $ (40
  

 

 

   

 

 

 

Summary of Liabilities Held for Sale Related to Discontinued Operations

Liabilities held for sale related to discontinued operations as of December 31, 2016 and June 30, 2016 are included in Other current liabilities in the Balance Sheets as follows:

 

     As of
December 31, 2016
    As of
June 30, 2016
 
     (in millions)  

Current assets

   $ 1      $ 1   

Non-current assets

     —          —     
  

 

 

   

 

 

 

Total assets

   $ 1      $ 1   
  

 

 

   

 

 

 

Current liabilities

     5        7   

Non-current liabilities

     —          —     
  

 

 

   

 

 

 

Total liabilities

   $ 5      $ 7   
  

 

 

   

 

 

 

Net liabilities held for sale

   $ (4   $ (6