Investments (Tables)

9 Months Ended

Mar. 31, 2020

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of March 31, 2020		As of March 31, 2020		As of June 30, 2019
			(in millions)
Equity method investments(a)		various	$	146	$	148
Equity securities(b)		various		179		187
Total Investments			$	325	$	335

(a) Equity method investments are primarily comprised of Foxtel’s investment in Nickelodeon Australia Joint Venture, Elara Technologies Pte. Ltd. (“Elara”), which operates PropTiger.com and Housing.com, and REA Group’s investment in 99.co Joint Venture.

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

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 March 31,					For the nine months ended March 31,
	2020			2019		2020			2019
	(in millions)					(in millions)
Total (losses) gains recognized on equity securities	$	(17	)	$	6	$	(22	)	$	(23	)
Less: Net gains recognized on equity securities sold		—			—		—			—
Unrealized (losses) gains recognized on equity securities held at end of period	$	(17	)	$	6	$	(22	)	$	(23	)