Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of March 31, 2017			As of June 30, 2016
	(in millions)
Receivables	$	1,540		$	1,442
Allowance for sales returns		(173	)		(170	)
Allowances for doubtful accounts		(41	)		(43	)
Receivables, net	$	1,326		$	1,229

Components of Other Current Assets

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

	As of March 31, 2017		As of June 30, 2016
	(in millions)
Inventory(a)	$	228	$	218
Amounts due from 21st Century Fox(b)		60		55
Prepayments and other current assets		298		240
Total Other current assets	$	586	$	513

^(a) Inventory at March 31, 2017 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 March 31, 2017		As of June 30, 2016
	(in millions)
Royalty advances to authors	$	308	$	311
Other		134		85
Total Other non-current assets	$	442	$	396

Components of Other Current Liabilities

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

	As of March 31, 2017		As of June 30, 2016
	(in millions)
Current tax payable	$	41	$	33
Royalties and commissions payable		180		179
Current portion of long-term debt		103		3
Other		259		251
Total Other current liabilities	$	583	$	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 March 31,					For the nine months ended March 31,
	2017			2016		2017			2016
	(in millions)
Gain on sale of REA Group’s European business(a)	$	(13	)	$	—	$	107		$	—
Gain on iProperty transaction(b)		—			29		—			29
Write-down of marketable securities		—			—		(21	)		—
Gain on sale of other businesses		—			—		11			—
Gain on sale of equity method investments		—			1		17			1
Other, net		—			3		13			2
Total Other, net	$	(13	)	$	33	$	127		$	32

(a) In December 2016, REA Group sold its European business for approximately $140 million (approximately €133 million) in cash, which resulted in a pre-tax gain of $120 million in the second quarter of fiscal 2017. The gain was partially offset in the third quarter of fiscal 2017 by $13 million related to the impact of foreign currency fluctuations on the receipt of the sales proceeds, which were received in February 2017, and certain other currency translation impacts. The sale allows REA Group to focus on its core businesses in Australia and Asia.

(b) The Company recorded a $29 million gain resulting from the revaluation of REA Group’s previously held equity interest in iProperty. (See Note 2—Acquisitions, Disposals and Other Transactions).