NOTE 3. IMPAIRMENT AND RESTRUCTURING CHARGES

Fiscal 2018

During the three and six months ended December 31, 2017, the Company recorded restructuring charges of $12 million and $27 million, respectively, of which $11 million and $25 million, respectively, related to the News and Information Services segment. The restructuring charges recorded in fiscal 2018 were primarily for employee termination benefits.

Fiscal 2017

During the three and six months ended December 31, 2016, the Company recorded restructuring charges of $47 million and $67 million, respectively, of which $47 million and $66 million, respectively, related to the News and Information Services segment. The restructuring charges recorded in fiscal 2017 were for employee termination benefits.

During the three and six months ended December 31, 2016, the Company recognized a non-cash impairment charge of approximately $310 million primarily related to the write-down of fixed assets at the Australian newspapers. The write-down was a result of the impact of adverse trends on the future expected performance of the Australian newspapers, where revenue declines from continued weakness in the print advertising market accelerated during the quarter. The write-down was comprised of approximately $149 million related to printing presses and print-related equipment, $77 million related to facilities, $66 million related to capitalized software and $18 million related to tradenames. The carrying value of News Corp Australia’s remaining long-lived assets as of December 31, 2016 was approximately $420 million, consisting primarily of approximately $375 million of fixed assets and $30 million of intangible assets. Significant unobservable inputs utilized in the income approach valuation method were a discount rate of 11.5% and no long-term growth.

Changes in restructuring program liabilities were as follows:


	For the three months ended December 31,
	2017												2016
	One time employee termination benefits			Facility related costs			Other costs			Total			One time employee termination benefits			Facility related costs		Other costs		Total
	(in millions)
Balance, beginning of period	$	25		$	5		$	10		$	40		$	30		$	5	$	6	$	41
Additions		11			—			1			12			47			—		—		47
Payments		(15	)		(1	)		(1	)		(17	)		(36	)		—		—		(36	)
Other		1			—			—			1			—			—		—		—

Balance, end of period	$	22		$	4		$	10		$	36		$	41		$	5	$	6	$	52


	For the six months ended December 31,
	2017												2016
	One time employee termination benefits			Facility related costs			Other costs			Total			One time employee termination benefits			Facility related costs		Other costs		Total
	(in millions)
Balance, beginning of period	$	33		$	6		$	10		$	49		$	33		$	5	$	6	$	44
Additions		26			—			1			27			67			—		—		67
Payments		(38	)		(1	)		(1	)		(40	)		(58	)		—		—		(58	)
Other		1			(1	)		—			—			(1	)		—		—		(1	)

Balance, end of period	$	22		$	4		$	10		$	36		$	41		$	5	$	6	$	52

As of December 31, 2017, restructuring liabilities of approximately $24 million were included in the Balance Sheet in Other current liabilities and $12 million were included in Other non-current liabilities.