Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of December 31, 2018			As of June 30, 2018
	(in millions)
Receivables	$	1,901		$	1,829
Allowance for sales returns(a)		—			(171	)
Allowance for doubtful accounts		(48	)		(46	)
Receivables, net	$	1,853		$	1,612

(a) As a result of the adoption of the new revenue recognition standard during the first quarter of fiscal 2019, the Company reclassified the allowance for sales returns from Receivables, net to Other current liabilities. See Note 2—Revenues.

Components of Other Non-Current Assets

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

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Royalty advances to authors	$	326	$	312
Retirement benefit assets		145		135
Inventory(a)		144		143
Other		297		241
Total Other non-current assets	$	912	$	831

(a) Primarily consists of the non-current portion of programming rights.

Components of Other Current Liabilities

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

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Current tax payable	$	18	$	17
Allowance for sales returns		216		—
Royalties and commissions payable		223		187
Other		213		168
Total Other current liabilities	$	670	$	372

Components of Other, Net

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

	For the three months ended						For the six months ended
	December 31,						December 31,
	2018			2017			2018			2017
	(in millions)
Dividends received from equity security investments	$	22		$	—		$	23		$	—
Remeasurement of equity securities(a)		(44	)		—			(29	)		—
Write-down of available-for-sale securities(b)		—			(30	)		—			(30	)
Gain on sale of Australian property		12			—			12			—
Other, net		17			—			21			9
Total Other, net	$	7		$	(30	)	$	27		$	(21	)

(a) As a result of the adoption of ASU 2016-01 during the first quarter of fiscal 2019, the Company has included the impact from the remeasurement of equity securities in Other, net in the Statement of Operations for the three and six months ended December 31, 2018. During the three and six months ended December 31, 2017, the impact from the remeasurement of equity securities was included in Accumulated other comprehensive loss in the Balance Sheets.

(b) For the three and six months ended December 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.

Summary of Supplemental Cash Flow Information

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

	For the six months ended  December 31,
	2018		2017
	(in millions)
Cash paid for interest	$	45	$	6
Cash paid for taxes		75		89