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Segment Information (Tables)
12 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

 

     For the fiscal years ended
June 30,
 
     2017     2016     2015  
     (in millions)  

Revenues:

      

News and Information Services

   $ 5,069     $ 5,338     $ 5,731  

Book Publishing

     1,636       1,646       1,667  

Digital Real Estate Services

     938       822       625  

Cable Network Programming

     494       484       500  

Other

     2       2       1  
  

 

 

   

 

 

   

 

 

 

Total Revenues

     8,139       8,292       8,524  
  

 

 

   

 

 

   

 

 

 

Segment EBITDA:

      

News and Information Services

   $ 414     $ 214     $ 603  

Book Publishing

     199       185       221  

Digital Real Estate Services

     324       344       201  

Cable Network Programming

     123       124       135  

Other

     (175     (183     (215

Depreciation and amortization

     (449     (505     (498

Impairment and restructuring charges

     (927     (89     (84

Equity (losses) earnings of affiliates

     (295     30       58  

Interest, net

     39       43       56  

Other, net

     132       18       75  
  

 

 

   

 

 

   

 

 

 

(Loss) income from continuing operations before income tax (expense) benefit

     (615     181       552  

Income tax (expense) benefit

     (28     54       (185
  

 

 

   

 

 

   

 

 

 

(Loss) income from continuing operations

   $ (643   $ 235     $ 367  
  

 

 

   

 

 

   

 

 

 

 

Reconciliation of Depreciation and Amortization, Capital Expenditures and Goodwill and Intangible Assets from Segments to Consolidated
     For the fiscal years
ended June 30,
 
     2017      2016      2015  
     (in millions)  

Depreciation and amortization:

        

News and Information Services

   $ 283      $ 347      $ 365  

Book Publishing

     52        55        52  

Digital Real Estate Services

     78        69        44  

Cable Network Programming

     32        29        33  

Other

     4        5        4  
  

 

 

    

 

 

    

 

 

 

Total Depreciation and amortization

   $ 449      $ 505      $ 498  
  

 

 

    

 

 

    

 

 

 

 

     For the fiscal years
ended June 30,
 
     2017      2016      2015  
     (in millions)  

Capital expenditures:

        

News and Information Services

   $ 165      $ 174      $ 238  

Book Publishing

     11        9        12  

Digital Real Estate Services

     66        64        45  

Cable Network Programming

     14        8        7  

Other

     —          1        6  
  

 

 

    

 

 

    

 

 

 

Total Capital expenditures

   $ 256      $ 256      $ 308  
  

 

 

    

 

 

    

 

 

 

 

 

     As of June 30,  
     2017      2016  
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,952      $ 2,651  

Book Publishing

     835        869  

Digital Real Estate Services

     1,420        1,499  

Cable Network Programming

     912        898  

Other

     —          4  
  

 

 

    

 

 

 

Total Goodwill and intangible assets, net

   $ 6,119      $ 5,921  
  

 

 

    

 

 

Reconciliation of Assets from Segments to Consolidated
As of June 30,  
     2017      2016  
     (in millions)  

Total assets:

     

News and Information Services

   $ 6,142      $ 6,728  

Book Publishing

     1,845        1,855  

Digital Real Estate Services

     2,307        2,158  

Cable Network Programming

     1,194        1,101  

Other(a)

     1,037        1,371  

Investments

     2,027        2,270  
  

 

 

    

 

 

 

Total assets

   $ 14,552      $ 15,483  
  

 

 

    

 

 

 

 

(a) 

The Other segment primarily includes Cash and cash equivalents.

 

Revenue and Long-Lived Assets by Geographic Region

Geographic Segments

 

     For the fiscal years ended
June 30,
 
     2017      2016      2015  
     (in millions)  

Revenues:(a)

        

U.S. and Canada(b)

   $ 3,880      $ 3,920      $ 3,808  

Europe(c)

     1,671        1,873        1,982  

Australasia and Other(d)

     2,588        2,499        2,734  
  

 

 

    

 

 

    

 

 

 

Total Revenues

   $ 8,139      $ 8,292      $ 8,524  
  

 

 

    

 

 

    

 

 

 
(a) 

Revenues are attributed to region based on location of customer.

(b) 

Revenues include approximately $3.7 billion for fiscal 2017, $3.8 billion for fiscal 2016 and $3.6 billion for fiscal 2015 from customers in the U.S.

(c) 

Revenues include approximately $1.3 billion for fiscal 2017, $1.5 billion for fiscal 2016 and $1.6 billion for fiscal 2015 from customers in the U.K.

(d) 

Revenues include approximately $2.3 billion for fiscal 2017, $2.3 billion for fiscal 2016 and $2.3 billion for fiscal 2015 from customers in Australia.

 

     As of June 30,  
     2017      2016  
     (in millions)  

Long-lived assets:(a)

     

U.S. and Canada

   $ 960      $ 1,058  

Europe

     560        939  

Australasia and Other

     546        804  
  

 

 

    

 

 

 

Total long-lived assets

   $ 2,066      $ 2,801  
  

 

 

    

 

 

 

 

(a) 

Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.