Additional Financial Information

3 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Additional Financial Information

NOTE 13. 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.

Receivables, net consist of:

	As of			As of
	September 30, 2019			June 30, 2019
	(in millions)
Receivables	$	1,593		$	1,590
Allowance for doubtful accounts		(53	)		(46	)
Receivables, net	$	1,540		$	1,544

Other Non-Current Assets

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

	As of		As of
	September 30, 2019		June 30, 2019
	(in millions)
Royalty advances to authors	$	347	$	343
Retirement benefit assets		122		117
Inventory(a)		161		155
Other		323		315
Total Other non-current assets	$	953	$	930

(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		As of
	September 30, 2019		June 30, 2019
	(in millions)
Royalties and commissions payable	$	229	$	211
Current operating lease liabilities(a)		182		—
Allowance for sales returns		176		192
Current tax payable		21		22
Other		241		299
Total Other current liabilities	$	849	$	724

(a) As a result of the adoption of ASU 2016-02 during the first quarter of fiscal 2020, the Company has included ​​​​​​​the current portion of its operating lease liabilities within Other current liabilities as of September 30, 2019.

Other, net

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

	For the three months ended
	September 30,
	2019		2018
	(in millions)
Remeasurement of equity securities	$	1	$	15
Other		3		5
Total Other, net	$	4	$	20

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,
	2019		2018
	(in millions)
Cash paid for interest	$	16	$	23
Cash paid for taxes		27		29