Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of December 31, 2019			As of June 30, 2019
	(in millions)
Receivables	$	1,624		$	1,590
Allowance for doubtful accounts		(54	)		(46	)
Receivables, net	$	1,570		$	1,544

Components of Other Non-Current Assets

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

	As of December 31, 2019		As of June 30, 2019
	(in millions)
Royalty advances to authors	$	338	$	343
Retirement benefit assets		137		117
Inventory(a)		143		155
Other		330		315
Total Other non-current assets	$	948	$	930

(a) Primarily consists of the non-current portion of programming rights.

Components of Other Current Liabilities

The following table sets forth the components of Other current liabilities:

	As of December 31, 2019		As of June 30, 2019
	(in millions)
Royalties and commissions payable	$	218	$	211
Current operating lease liabilities(a)		183		—
Allowance for sales returns		180		192
Current tax payable		19		22
Other		269		299
Total Other current liabilities	$	869	$	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 December 31, 2019.

Components of Other, Net Included in Statements of Operations

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

	For the three months ended December 31,						For the six months ended December 31,
	2019			2018			2019			2018
	(in millions)
Dividends received from equity security investments	$	—		$	22		$	1		$	23
Remeasurement of equity securities		(6	)		(44	)		(5	)		(29	)
Gain on sale of Australian property		—			12			—			12
Other, net		8			17			10			21
Total Other, net	$	2		$	7		$	6		$	27

Summary of Supplemental Cash Flow Information

The following table sets forth the Company’s cash paid for taxes and interest:

	For the six months ended December 31,
	2019		2018
	(in millions)
Cash paid for interest	$	33	$	45
Cash paid for taxes	$	69	$	75