Segment Information (Tables)

12 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

	For the fiscal years ended June 30,
	2019			2018			2017
	(in millions)
Revenues:
News and Information Services	$	4,956		$	5,119		$	5,069
Subscription Video Services		2,202			1,004			494
Book Publishing		1,754			1,758			1,636
Digital Real Estate Services		1,159			1,141			938
Other		3			2			2
Total Revenues	$	10,074		$	9,024		$	8,139
Segment EBITDA:
News and Information Services	$	417		$	397		$	412
Subscription Video Services		380			173			123
Book Publishing		253			239			195
Digital Real Estate Services		384			401			324
Other		(190	)		(139	)		(172	)
Depreciation and amortization		(659	)		(472	)		(449	)
Impairment and restructuring charges		(188	)		(351	)		(927	)
Equity losses of affiliates		(17	)		(1,006	)		(295	)
Interest (expense) income, net		(59	)		(7	)		39
Other, net		33			(324	)		135
Income (loss) before income tax expense		354			(1,089	)		(615	)
Income tax expense		(126	)		(355	)		(28	)
Net income (loss)	$	228		$	(1,444	)	$	(643	)

Reconciliation of Depreciation and Amortization, Capital Expenditures and Goodwill and Intangible Assets from Segments to Consolidated

	For the fiscal years ended June 30,
	2019		2018		2017
	(in millions)
Depreciation and amortization:
News and Information Services	$	223	$	223	$	283
Subscription Video Services		292		107		32
Book Publishing		42		52		52
Digital Real Estate Services		97		87		78
Other		5		3		4
Total Depreciation and amortization	$	659	$	472	$	449

	For the fiscal years ended June 30,
	2019		2018		2017
	(in millions)
Capital expenditures:
News and Information Services	$	172	$	173	$	165
Subscription Video Services		307		81		14
Book Publishing		7		17		11
Digital Real Estate Services		78		78		66
Other		8		15		—
Total Capital expenditures	$	572	$	364	$	256

	As of June 30,
	2019		2018
	(in millions)
Goodwill and intangible assets, net:
News and Information Services	$	2,617	$	2,730
Subscription Video Services		2,595		2,853
Book Publishing		772		804
Digital Real Estate Services		1,589		1,502
Other		—		—
Total Goodwill and intangible assets, net	$	7,573	$	7,889

Reconciliation of Assets from Segments to Consolidated

	As of June 30,
	2019		2018
	(in millions)
Total assets:
News and Information Services	$	5,482	$	6,039
Subscription Video Services		4,406		4,738
Book Publishing		2,074		1,898
Digital Real Estate Services		2,229		2,171
Other(a)		1,185		1,107
Investments		335		393
Total assets	$	15,711	$	16,346

 

(a) The Other segment primarily includes Cash and cash equivalents.

Revenue and Long-Lived Assets by Geographic Region

Geographic Segments

	For the fiscal years ended June 30,
	2019		2018		2017
	(in millions)
Revenues:(a)
U.S. and Canada(b)	$	4,044	$	3,998	$	3,880
Europe(c)		1,664		1,766		1,671
Australasia and Other(d)		4,366		3,260		2,588
Total Revenues	$	10,074	$	9,024	$	8,139

(a) Revenues are attributed to region based on location of customer.

(b) Revenues include approximately $3.9 billion for fiscal 2019, $3.9 billion for fiscal 2018 and $3.7 billion for fiscal 2017 from customers in the U.S.

(c) Revenues include approximately $1.3 billion for fiscal 2019, $1.4 billion for fiscal 2018 and $1.3 billion for fiscal 2017 from customers in the U.K.

(d) Revenues include approximately $4.0 billion for fiscal 2019, $2.9 billion for fiscal 2018 and $2.3 billion for fiscal 2017 from customers in Australia.

	As of June 30,
	2019		2018
	(in millions)
Long-lived assets:(a)
U.S. and Canada	$	983	$	937
Europe		654		682
Australasia and Other		1,847		1,772
Total long-lived assets	$	3,484	$	3,391

(a) Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.