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Additional Financial Information
 3 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information

NOTE 14. ADDITIONAL FINANCIAL INFORMATION

Receivables, net

Receivables are presented net of an allowance for doubtful accounts, which is an estimate of amounts that may not be collectible. The allowance for doubtful accounts is estimated based on historical experience, receivable aging, current economic trends and specific identification of certain receivables that are at risk of not being collected. As a result of the adoption of ASU 2014-09 the Company has reclassified its sales returns reserve to Other current liabilities.

Receivables, net consist of:

 

     As of
September 30, 2018		     As of
June 30, 2018		  
     (in millions)  

Receivables

    $ 1,693     $ 1,829  

Allowance for sales returns(a)

      —         (171 ) 

Allowance for doubtful accounts

      (45 )      (46 ) 
  

 

 

    

 

 

  

Receivables, net

    $ 1,648     $ 1,612  
  

 

 

    

 

 

  

 

(a) 

As a result of the adoption of the new revenue recognition standard, the Company reclassified the allowance for sales returns from Receivables to Other current liabilities. See Note 2 – Revenue.

Other Non-Current Assets

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

 

     As of
September 30, 2018		      As of
June 30, 2018		  
     (in millions)  

Royalty advances to authors

    $ 322      $ 312  

Inventory(a)

      146        143  

Other

      429        376  
  

 

 

     

 

 

  

Total Other non-current assets

    $ 897      $ 831  
  

 

 

     

 

 

  

 

(a)

Primarily consists of the non-current portion of programming rights.

Other Current Liabilities

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

 

     As of
September 30, 2018		      As of
June 30, 2018		  
     (in millions)  

Current tax payable

    $ 16      $ 17  

Allowance for sales returns

      196        —    

Royalties and commissions payable

      201        187  

Other

      230        168  
  

 

 

     

 

 

  

Total Other current liabilities

    $ 643      $ 372  
  

 

 

     

 

 

  

Other, net

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

 

     For the three months ended
September 30,		  
     2018      2017  
     (in millions)  

Remeasurement of equity securities

    $ 15      $ —    

Gain on sale of cost method investments

      —          6  

Other, net

      5        3  
  

 

 

     

 

 

  

Total Other, net

    $ 20      $ 9  
  

 

 

     

 

 

  

Supplemental Cash Flow Information

The following table sets forth the Company’s cash paid for taxes and interest:

 


     For the three months ended
September 30,		  
     2018      2017  
     (in millions)  

Cash paid for interest

    $ 23      $ 3  

Cash paid for taxes

      29        48