Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis

The following table summarizes those assets and liabilities measured at fair value on a recurring basis:

	September 30, 2018								June 30, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Foreign currency derivatives - cash flow hedges	$	—	$	4	$	—	$	4	$	—	$	3	$	—	$	3
Cross currency interest rate derivatives - fair value hedges		—		22		—		22		—		29		—		29
Cross currency interest rate derivatives - economic hedges		—		11		—		11		—		10		—		10
Cross currency interest rate derivatives - cash flow hedges		—		91		—		91		—		76		—		76
Equity securities(a)		111		—		115		226		93		—		—		93
Total assets	$	111	$	128	$	115	$	354	$	93	$	118	$	—	$	211
Liabilities:
Interest rate derivatives - cash flow hedges	$	—	$	18	$	—	$	18	$	—	$	20	$	—	$	20
Mandatorily redeemable noncontrolling interests		—		—		12		12		—		—		12		12
Cross currency interest rate derivatives - cash flow hedges		—		11		—		11		—		12		—		12
Total liabilities	$	—	$	29	$	12	$	41	$	—	$	32	$	12	$	44

(a) See Note 5 —Investments.

Summary of Equity Securities Classified as Level 3

A rollforward of the Company’s equity securities classified as Level 3 is as follows:

	For the three months ended September 30,
	2018
	(in millions)
Balance - beginning of period	$	127
Purchases		5
Sales		(10)
Foreign exchange and other		(7)
Balance - end of period	$	115

Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3

A rollforward of the Company’s mandatorily redeemable noncontrolling interest liabilities classified as Level 3 is as follows:

	For the three months ended September 30,
	2018		2017
	(in millions)
Balance - beginning of period	$	12	$	79
Additions		—		12
Accretion		—		2
Balance - end of period	$	12	$	93

Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates

Hedges are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details:

			Fair value as of
	Balance Sheet Location		September 30, 2018			June 30, 2018
			(in millions)
Foreign currency derivatives - cash flow hedges		Other current assets	$	4		$	3
Cross currency interest rate derivatives - fair value hedges		Other current assets		7			—
Cross currency interest rate derivatives - economic hedges		Other current assets		11			—
Cross currency interest rate derivatives - cash flow hedges		Other current assets		30			—
Cross currency interest rate derivatives - fair value hedges		Other non-current assets		15			29
Cross currency interest rate derivatives - cash flow hedges		Other non-current assets		61			76
Cross currency interest rate derivatives - economic hedges		Other non-current assets		—			10
Interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Cross currency interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Interest rate derivatives - cash flow hedges		Other non-current liabilities		(17	)		(20	)
Cross currency interest rate derivatives - cash flow hedges		Other non-current liabilities		(10	)		(12	)

Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges

The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on Accumulated other comprehensive loss and the Statement of Operations during the three months ended September 30, 2018. The Company did not have any such hedges in the three months ended September 30, 2017.

	Gain (loss) recognized in Accumulated					Gain (loss) reclassified from Accumulated
	Other Comprehensive Income for the three months ended					Other Comprehensive Income for the three months ended					Income statement
	September 30,					September 30,					location
	2018			2017		2018			2017
	(in millions)
Derivative instruments designated as cash flow hedges:
Foreign currency derivatives - cash flow hedges	$	(2	)	$	—	$	1		$	—		Operating expenses
Cross currency interest rate derivatives - cash flow hedges		14			—		(14	)		—		Interest (expense) income, net
Interest rate derivatives - cash flow hedges		1			—		(2	)		—		Interest (expense) income, net
Total	$	13		$	—	$	(15	)	$	—