Revenues (Tables)

3 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue by Type and Segment

The following tables presents the Company’s disaggregated revenues for the three months ended September​​​​​​​ 30, 2019 and 2018:

	For the three months ended September 30, 2019
	News and Information Services		Subscription Video Services		Book Publishing		Digital Real Estate Services		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	534	$	451	$	—	$	10	$	995
Advertising		530		51		—		27		608
Consumer		—		—		387		—		387
Real estate		—		—		—		218		218
Other		85		12		18		17		132
Total Revenues	$	1,149	$	514	$	405	$	272	$	2,340
	For the three months ended September 30, 2018
	News and Information Services		Subscription Video Services		Book Publishing		Digital Real Estate Services		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	529	$	491	$	—	$	14	$	1,034
Advertising		576		57		—		31		664
Consumer		—		—		400		—		400
Real estate		—		—		—		227		227
Other		143		17		18		21		199
Total Revenues	$	1,248	$	565	$	418	$	293	$	2,524

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2019 and 2018:

	For the three months ended
	September 30,
	2019			2018
	(in millions)
Balance - beginning of period	$	428		$	510
Deferral of revenue		821			595
Recognition of deferred revenue(a)		(794	)		(670	)
Other		(7	)		1
Balance - end of period	$	448		$	436

(a) For the three months ended September 30, 2019 and 2018, the Company recognized approximately $266 million and $357 million, respectively, of revenue which was included in the opening deferred revenue balance.