Borrowings (Tables)

12 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s total borrowings consist of the following:

	Interest rate at June  30, 2018			Due date at June  30, 2018		As of June 30, 2018			As of June 30, 2017
						(in millions)
Foxtel Group
Credit facility 2013(a)		3.86	%		Apr 7, 2019	$	222		$	—
Credit facility 2014—tranche 1(a)		3.86	%		May 30, 2019		148			—
Credit facility 2014—tranche 2(a)		3.96	%		Jan 31, 2020		148			—
Credit facility 2015(a)		4.01	%		Jul 31, 2020		296			—
Credit facility 2016(a)(b)		4.56	%		Sept 11, 2021		108			—
Working capital facility 2017(a)(b)		4.16	%		Jul 3, 2020		59			—
US private placement 2009—tranche 3		6.20	%		Sept 24, 2019		75			—
US private placement 2012—USD portion—tranche 1(c)		3.68	%		Jul 25, 2019		150			—
US private placement 2012—USD portion—tranche 2(c)		4.27	%		Jul 25, 2022		196			—
US private placement 2012—USD portion—tranche 3(c)		4.42	%		Jul 25 2024		146			—
US private placement 2012—AUD portion		7.04	%		Jul 25, 2022		83			—
REA Group
Credit facility 2016—tranche 1(d)		—			Dec 31, 2017		—			92
Credit facility 2016—tranche 2(d)		3.11	%		Dec 31, 2018		89			92
Credit facility 2016—tranche 3(d)		3.21	%		Dec 31, 2019		178			184
Credit facility 2018(d)		3.01	%		April 27, 2021		54			—
Other Obligations					Feb 2, 2018		—			11
Total borrowings							1,952			379
Less: current portion(e)							(462	)		(103	)
Long-term borrowings						$	1,490		$	276

^(a)  Borrowings under these facilities bear interest at a floating rate of Australian BBSY plus an applicable margin of between 1.10% and 2.70% per annum payable quarterly.

^(b) As of June 30, 2018, the Foxtel Group has undrawn commitments of $198 million under these facilities for which it pays a commitment fee in the range of 40% and 45% of the applicable margin.

^(c) The carrying value of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 11—Financial Instruments and Fair Value Measurements.

^(d) Borrowings under this facility bear interest at a floating rate of the Australian BBSY plus a margin in the range of 0.85% and 1.45% depending on REA Group’s net leverage ratio. As of June 30, 2018, REA Group was paying a margin of between 0.95% and 1.05%.

^(e) The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.”

Scheduled of Debt Maturities Excluding Other Obligations and Debt Issuance Costs

The following table summarizes the Company’s debt maturities as of June 30, 2018:

	As of June 30, 2018
	(in millions)
Fiscal 2019	$	462
Fiscal 2020		551
Fiscal 2021		406
Fiscal 2022		108
Fiscal 2023		279
Thereafter		146