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Additional Financial Information (Tables)
 12 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Other Current Assets

The following table sets forth the components of Other current assets included in the Balance Sheets:

 

     As of June 30,  
     2017      2016  
     (in millions)  

Inventory(a)

    $ 208      $ 218  

Amounts due from 21st Century Fox

      82        55  

Prepayments and other current assets

      233        240  
  

 

 

     

 

 

  

Total Other current assets

    $ 523      $ 513  
  

 

 

     

 

 

  

 

(a) 

Inventory as of June 30, 2017 and 2016 was primarily comprised of books, newsprint, printing ink, and programming rights.
Components of Other Non-Current Assets

The following table sets forth the components of Other non-current assets included in the Balance Sheets:

 

     As of June 30,  
     2017      2016  
     (in millions)  

Royalty advances to authors

    $ 298      $ 311  

Other

      144        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 June 30,  
     2017      2016  
     (in millions)  

Current tax payable

    $ 39      $ 33  

Royalties and commissions payable

      152        179  

Current portion of long-term debt

      103        3  

Other

      306        251  
  

 

 

     

 

 

  

Total Other current liabilities

    $ 600      $ 466  
  

 

 

     

 

 

  
Components of Other, Net Included in Statements of Operations

The following table sets forth the components of Other, net included in the Statements of Operations:

 

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

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

    $ 107     $ —       $ —    

Gain on iProperty transaction(b)

      —         29       —    

Impairment of marketable securities and cost method investments(c)

      (21 )      (21 )      (5 ) 

Gain on sale of other businesses

      19       2       —    

Gain on sale of equity method investments

      11       1       7  

Gain on sale of marketable securities(d)

      7       1       29  

Dividends received from cost method investments

      3       —         25  

Gain on sale of cost method investments

      —         —         15  

Other

      6       6       4  
  

 

 

    

 

 

    

 

 

  

Total Other, net

    $ 132     $ 18     $ 75  
  

 

 

    

 

 

    

 

 

  

 

(a) 

The Company recognized a pre-tax gain of $107 million for the fiscal year ended June 30, 2017 related to REA Group’s sale of its European business. See Note 3—Acquisitions, Disposals and Other Transactions.
(b) 

See Note 3—Acquisitions, Disposals and Other Transactions.
(c) 

See Note 6—Investments.
(d) 

In August 2014, REA Group completed the sale of a minority interest held in marketable securities for total cash consideration of $104 million. As a result of the sale, REA Group recognized a pre-tax gain of $29 million, which was reclassified out of accumulated other comprehensive loss and included in Other, net in the Statement of Operations.

 
Components of Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss were as follows:

 

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

Accumulated other comprehensive loss, net of tax:

       

Unrealized holding gains (losses) on securities:

       

Balance, beginning of year

    $ 20     $ 19     $ 24  

Fiscal year activity(a)

      (25 )      1       (5 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (5 )      20       19  
  

 

 

    

 

 

    

 

 

  

Benefit Plan Adjustments:

       

Balance, beginning of year

      (445 )      (413 )      (384 ) 

Fiscal year activity(b)

      8       (32 )      (29 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (437 )      (445 )      (413 ) 
  

 

 

    

 

 

    

 

 

  

Foreign currency translation adjustments:

       

Balance, beginning of year

      (585 )      (188 )      971  

Fiscal year activity(c)

      75       (397 )      (1,159 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (510 )      (585 )      (188 ) 
  

 

 

    

 

 

    

 

 

  

Share of other comprehensive income from equity affiliates, net:

       

Balance, beginning of year

      (16 )      —         (1 ) 

Fiscal year activity(d)

      4       (16 )      1  
  

 

 

    

 

 

    

 

 

  

Balance, end of year

      (12 )      (16 )      —    
  

 

 

    

 

 

    

 

 

  

Total accumulated other comprehensive loss, net of tax:

       

Balance, beginning of year

      (1,026 )      (582 )      610  

Fiscal year activity, net of income taxes

      62       (444 )      (1,192 ) 
  

 

 

    

 

 

    

 

 

  

Balance, end of year

    $ (964 )    $ (1,026 )    $ (582 ) 
  

 

 

    

 

 

    

 

 

  

 

(a) 

Net of income tax (benefit) expense of ($10) million, nil and nil for the fiscal years ended June 30, 2017, 2016 and 2015, respectively.
(b) 

Net of income tax expense (benefit) of $8 million, ($14) million and ($11) million for the fiscal years ended June 30, 2017, 2016 and 2015, respectively.
(c) 

Excludes $9 million, ($1) million and ($24) million relating to noncontrolling interests for the fiscal years ended June 30, 2017, 2016 and 2015, respectively.
(d) 

Net of income tax expense (benefit) of $2 million, ($7) million and $1 million for the fiscal years ended June 30, 2017, 2016 and 2015, respectively.