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

Receivables, net consist of:

 

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

Receivables

    $ 1,615      $ 1,442   

Receivable associated with sale of REA Group’s European business(a)

      140        —     

Allowance for sales returns

      (187 )      (170 ) 

Allowances for doubtful accounts

      (40 )      (43 ) 
  

 

 

    

 

 

  

Receivables, net

    $ 1,528      $ 1,229   
  

 

 

    

 

 

  

 

(a) See Note 2—Acquisitions, Disposals and Other Transactions.
Components of Other Current Assets

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

 

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

Inventory(a)

    $ 226       $ 218   

Amounts due from 21st Century Fox(b)

      53         55   

Prepayments and other current assets

      220         240   
  

 

 

     

 

 

  

Total Other current assets

    $ 499       $ 513   
  

 

 

     

 

 

  

 

(a) Inventory at December 31, 2016 and June 30, 2016 was primarily comprised of books, newsprint 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
December 31, 2016		      As of
June 30, 2016		  
     (in millions)  

Royalty advances to authors

    $ 300       $ 311   

Other

      85         85   
  

 

 

     

 

 

  

Total Other non-current assets

    $ 385       $ 396   
  

 

 

     

 

 

  

Components of Other Current Liabilities

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

 

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

Current tax payable

    $ 38       $ 33   

Royalties and commissions payable

      185         179   

Current portion of long term debt

      87         3   

Other

      250         251   
  

 

 

     

 

 

  

Total Other current liabilities

    $ 560       $ 466   
  

 

 

     

 

 

  

Components of Other, Net Included in Statements of Operations

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

 

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

Gain on sale of REA Group’s European business(a)

    $ 120      $ —        $ 120      $ —     

Write-down of marketable securities

      (21 )        (21 )   

Gain on sale of other businesses

      11        —          11        —     

Gain on sale of equity method investments

      11        —          17        —     

Other, net

      2        (6 )      13        (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Other, net

    $ 123      $ (6 )    $ 140      $ (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) The Company recorded a $120 million gain resulting from the sale of REA Group’s European business. See Note 2—Acquisitions, Disposals and Other Transactions.