Investments (Tables)

6 Months Ended

Dec. 31, 2019

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of December 31, 2019		As of December 31, 2019		As of June 30, 2019
			(in millions)
Equity method investments(a)		various	$	139	$	148
Equity securities(b)		various		186		187
Total Investments			$	325	$	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 December 31,						For the six months ended December 31,
	2019			2018			2019			2018
	(in millions)						(in millions)
Total losses recognized on equity securities	$	(6	)	$	(44	)	$	(5	)	$	(29	)
Less: Net gains recognized on equity securities sold		—			—			—			—
Unrealized losses recognized on equity securities held at end of period	$	(6	)	$	(44	)	$	(5	)	$	(29	)