Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2017 and June 30, 2016 were as follows:

	As of June 30,
	2017		2016
	(in millions)
Intangible Assets Not Subject to Amortization
Newspaper mastheads	$	299	$	307
Distribution networks		390		391
Imprints		237		245
Radio broadcast licenses		185		—
Trademarks and tradenames		179		191
Total intangible assets not subject to amortization		1,290		1,134
Intangible Assets Subject to Amortization
Channel distribution agreements(a)		335		342
Publishing rights(b)		329		365
Customer relationships(c)		310		336
Other(d)		17		30
Total intangible assets subject to amortization, net		991		1,073
Total Intangible assets, net	$	2,281	$	2,207

^(a)  Net of accumulated amortization of $76 million and $58 million as of June 30, 2017 and 2016, respectively. The average useful life of the channel distribution agreements is 25 years primarily based on the period that a majority of the future cash flows from these intangible assets will be generated.

^(b)  Net of accumulated amortization of $181 million and $150 million as of June 30, 2017 and 2016, respectively. The useful lives of publishing rights range from 4 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

^(c)  Net of accumulated amortization of $399 million and $363 million as of June 30, 2017 and 2016, respectively. The useful lives of customer relationships range from 2 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated.

^(d)  Net of accumulated amortization of $83 million and $69 million as of June 30, 2017 and 2016, respectively. The useful lives of other intangible assets range from 2 to 15 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	News and Information Services			Book Publishing			Digital Real Estate Services			Cable Network Programming			Other			Total Goodwill
	(in millions)
Balance, June 30, 2015	$	1,696		$	241		$	636		$	486		$	4		$	3,063
Acquisitions		80			31			545			—			—			656
Foreign currency movements		(11	)		(12	)		28			(10	)		—			(5	)
Balance, June 30, 2016	$	1,765		$	260		$	1,209		$	476		$	4		$	3,714
Acquisitions		136			10			2			11			—			159
Impairments(a)		(20	)		—			(24	)		—			(4	)		(48	)
Dispositions(b)		—			—			(20	)		—			—			(20	)
Foreign currency movements		3			1			16			13			—			33
Balance, June 30, 2017	$	1,884		$	271		$	1,183		$	500		$	—		$	3,838

^(a)  In the News and Information Services segment, the write-down of goodwill primarily relates to a reporting unit in the U.K.. In the Digital Real Estate Services segment, the write-down of goodwill relates to the Company’s DIAKRIT reporting unit.

^(b)  Relates to REA Group’s sale of its European business.