Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of			As of
	December 31, 2017			June 30, 2017
	(in millions)
Receivables	$	1,593		$	1,484
Allowance for sales returns		(174	)		(166	)
Allowances for doubtful accounts		(40	)		(42	)
Receivables, net	$	1,379		$	1,276

Components of Other Current Assets

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

	As of		As of
	December 31, 2017		June 30, 2017
	(in millions)
Inventory(a)	$	216	$	208
Amounts due from 21st Century Fox		52		82
Prepayments and other current assets		215		233
Total Other current assets	$	483	$	523

^(a) Inventory at December 31, 2017 and June 30, 2017 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:

	As of		As of
	December 31, 2017		June 30, 2017
	(in millions)
Royalty advances to authors	$	301	$	298
Other		143		144
Total Other non-current assets	$	444	$	442

Components of Other Current Liabilities

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

	As of		As of
	December 31, 2017		June 30, 2017
	(in millions)
Current tax payable	$	39	$	39
Royalties and commissions payable		179		152
Current portion of long-term debt		94		103
Other		239		306
Total Other current liabilities	$	551	$	600

Components of Other, Net

The following table sets forth the components of Other, net:

	For the three months ended December 31,						For the six months ended December 31,
	2017			2016			2017			2016
	(in millions)
Gain on sale of REA Group’s European business	$	—		$	120		$	—		$	120
Write-down of available-for-sale securities(a)		(30	)		(21	)		(30	)		(21	)
Gain on sale of other businesses		—			11			—			11
Gain on sale of equity method investments		—			11			—			17
Other, net		(1	)		2			7			13
Total Other, net	$	(31	)	$	123		$	(23	)	$	140

(a) For the three and six months ended December 31, 2017 and 2016, the write-downs of available-for-sale securities were reclassified out of accumulated other comprehensive loss and included in Other, net in the Statement of Operations.