Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2020 and June 30, 2019 were as follows:

	As of June 30,
	2020		2019
	(in millions)
Intangible Assets Not Subject to Amortization
Trademarks and tradenames	$	321	$	383
Newspaper mastheads	281		296
Distribution networks(a)	—		308
Imprints	224		231
Radio broadcast licenses	121		140
Total intangible assets not subject to amortization	947		1,358
Intangible Assets Subject to Amortization
Publishing rights(b)	261		275
Customer relationships(c)	647		746
Other(d)	9		47
Total intangible assets subject to amortization, net	917		1,068
Total Intangible assets, net	$	1,864	$	2,426

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(a)The Company's distribution networks were deconsolidated during fiscal 2020 in connection with the sale of News America Marketing. See Note 4—Acquisitions, Disposals and Other Transactions.

(b)Net of accumulated amortization of $252 million and $235 million as of June 30, 2020 and 2019, respectively. The useful lives of publishing rights range from 4 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

(c)Net of accumulated amortization of $592 million and $528 million as of June 30, 2020 and 2019, respectively. The useful lives of customer relationships range from 3 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated.

(d)Net of accumulated amortization of $79 million and $98 million as of June 30, 2020 and 2019, respectively. The useful lives of other intangible assets range from 2 to 15 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Total Goodwill
	(in millions)
Balance, June 30, 2018	$	1,261	$	1,960	$	1,368	$	267	$	362	$	5,218
Acquisitions(a)	125		—		—		—		29		154
Impairments	—		—		—		—		(49)		(49)
Dispositions	—		—		—		—		(16)		(16)
Foreign currency movements	(36)		(116)		—		(1)		(7)		(160)
Balance, June 30, 2019	$	1,350	$	1,844	$	1,368	$	266	$	319	$	5,147
Acquisitions	—		—		—		10		2		12
Impairments	—		(882)		—		—		(216)		(1,098)
Dispositions	(2)		—		—		—		—		(2)
Foreign currency movements	(15)		(77)		—		(12)		(4)		(108)
Balance, June 30, 2020	$	1,333	$	885	$	1,368	$	264	$	101	$	3,951

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(a)In the Digital Real Estate Services segment, the increase in goodwill primarily relates to the acquisition of Opcity and in the News Media segment, the increase in goodwill primarily relates to acquisitions made by the News Corp Australia reporting unit.