Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2019 and June 30, 2018 were as follows:

	As of June 30,
	2019		2018
	(in millions)
Intangible Assets Not Subject to Amortization
Trademarks and tradenames	$	383	$	441
Newspaper mastheads		296		298
Distribution networks		308		308
Imprints		231		239
Radio broadcast licenses		140		188
Total intangible assets not subject to amortization		1,358		1,474
Intangible Assets Subject to Amortization
Publishing rights(a)		275		299
Customer relationships(b)		746		849
Other(c)		47		49
Total intangible assets subject to amortization, net		1,068		1,197
Total Intangible assets, net	$	2,426	$	2,671

(a)	Net of accumulated amortization of $235 million and $213 million as of June 30, 2019 and 2018, respectively. The useful lives of publishing rights range from 4 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.
(b)	Net of accumulated amortization of $528 million and $447 million as of June 30, 2019 and 2018, respectively. The useful lives of customer relationships range from 3 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated.
(c)	Net of accumulated amortization of $98 million and $87 million as of June 30, 2019 and 2018, respectively. The useful lives of other intangible assets range from 2 to 15 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	News and Information Services			Subscription Video Services			Book Publishing			Digital Real Estate Services			Total Goodwill
	(in millions)
Balance, June 30, 2017	$	1,884		$	500		$	271		$	1,183		$	3,838
Acquisitions(a)		2			1,574			—			123			1,699
Impairments(b)		(158	)		(41	)		—			(19	)		(218	)
Foreign currency movements		2			(73	)		(4	)		(26	)		(101	)
Balance, June 30, 2018	$	1,730		$	1,960		$	267		$	1,261		$	5,218
Acquisitions(c)		29			—			—			125			154
Impairments		(49	)		—			—			—			(49	)
Dispositions		(16	)		—			—			—			(16	)
Foreign currency movements		(7	)		(116	)		(1	)		(36	)		(160	)
Balance, June 30, 2019	$	1,687		$	1,844		$	266		$	1,350		$	5,147

(a) Primarily relates to the Transaction in the Subscription Video Services segment and the acquisition of Smartline and Hometrack in the Digital Real Estate Services segment.

(b) In the News and Information Services segment, the write-down of goodwill primarily relates to the News America Marketing reporting unit, and in the Subscription Video Services segment the write-down primarily relates to the FOX SPORTS Australia reporting unit. In the Digital Real Estate Services segment, the write-down of goodwill relates to the Company’s DIAKRIT reporting unit.

(c) In the News and Information Services segment, the increase in goodwill primarily relates to acquisitions made by the News Australia reporting unit and in the Digital Real Estate Services segment, the increase in goodwill primarily relates to the acquisition of Opcity.