Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of			As of
	March 31, 2018			June 30, 2017
	(in millions)
Receivables	$	1,532		$	1,484
Allowance for sales returns		(165	)		(166	)
Allowances for doubtful accounts		(39	)		(42	)
Receivables, net	$	1,328		$	1,276

Components of Other Current Assets

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

	As of		As of
	March 31, 2018		June 30, 2017
	(in millions)
Inventory(a)	$	224	$	208
Amounts due from 21st Century Fox		59		82
Prepayments and other current assets		263		233
Total Other current assets	$	546	$	523

^(a) Inventory at March 31, 2018 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
	March 31, 2018		June 30, 2017
	(in millions)
Royalty advances to authors	$	319	$	298
Other		148		144
Total Other non-current assets	$	467	$	442

Components of Other Current Liabilities

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

	As of		As of
	March 31, 2018		June 30, 2017
	(in millions)
Current tax payable	$	40	$	39
Royalties and commissions payable		187		152
Current portion of long-term debt		92		103
Other		247		306
Total Other current liabilities	$	566	$	600

Components of Other, Net

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

	For the three months ended						For the nine months ended
	March 31,						March 31,
	2018			2017			2018			2017
	(in millions)
Gain on sale of SEEKAsia(a)	$	32		$	—		$	32		$	—
Gain on sale of REA Group’s European business		—			(13	)		—			107
Write-down of available-for-sale securities(b)		(3	)		—			(33	)		(21	)
Gain on sale of other businesses		—			—			—			11
Gain on sale of equity method investments		—			—			—			17
Other, net		—			—			7			13
Total Other, net	$	29		$	(13	)	$	6		$	127

^(a) During the three months ended March 31, 2018, the Company sold its investment in SEEKAsia for $122 million in cash and recognized a $32 million gain in Other, net.

^(b) For the three and nine months ended March 31, 2018 and for the nine months ended March 31, 2017, 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.