Investments (Tables)

3 Months Ended

Sep. 30, 2019

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of September 30, 2019		As of September 30, 2019		As of June 30, 2019
			(in millions)
Equity method investments(a)		various	$	140	$	148
Equity securities(b)		various		189		187
Total Investments			$	329	$	335

(a) Equity method investments are primarily comprised of Foxtel’s investment in Nickelodeon Australia Joint Venture and Elara Technologies Pte. Ltd. (“Elara”), which operates PropTiger.com, Makaan.com and Housing.com.

(b) Equity securities are primarily comprised of certain investments in China and the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets.

Schedule of Total Gains and Losses on Equity Securities

The components comprising total gains and losses on equity securities are set forth below:

	For the three months ended
	September 30,
	2019		2018
	(in millions)
Total gains recognized on equity securities	$	1	$	15
Less: Gains recognized on equity securities sold		—		—
Unrealized gains recognized on equity securities held at end of period	$	1	$	15