Revenues (Tables)

6 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue by Type and Segment

The following tables present the Company’s disaggregated revenues by type and segment for the three and six months ended December 31, 2020 and 2019:

	For the three months ended December 31, 2020
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	8	$	446	$	319	$	—	$	257	$	—	$	1,030
Advertising	30		55		115		—		248		—		448
Consumer	—		—		—		523		—		—		523
Real estate	281		—		—		—		—		—		281
Other	20		10		12		21		68		1		132
Total Revenues	$	339	$	511	$	446	$	544	$	573	$	1	$	2,414

	For the three months ended December 31, 2019
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	9	$	439	$	296	$	—	$	245	$	1	$	990
Advertising	25		53		120		—		479		—		677
Consumer	—		—		—		421		—		—		421
Real estate	242		—		—		—		—		—		242
Other	18		9		14		21		87		—		149
Total Revenues	$	294	$	501	$	430	$	442	$	811	$	1	$	2,479

	For the six months ended December 31, 2020
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	16	$	883	$	630	$	—	$	503	$	—	$	2,032
Advertising	58		105		185		—		432		—		780
Consumer	—		—		—		964		—		—		964
Real estate	516		—		—		—		—		—		516
Other	39		19		17		38		125		1		239
Total Revenues	$	629	$	1,007	$	832	$	1,002	$	1,060	$	1	$	4,531

	For the six months ended December 31, 2019
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	19	$	890	$	585	$	—	$	490	$	1	$	1,985
Advertising	52		104		204		—		925		—		1,285
Consumer	—		—		—		808		—		—		808
Real estate	460		—		—		—		—		—		460
Other	35		21		23		39		163		—		281
Total Revenues	$	566	$	1,015	$	812	$	847	$	1,578	$	1	$	4,819

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three and six months ended December 31, 2020 and 2019:

	For the three months ended December 31,				For the six months ended December 31,
	2020		2019		2020		2019
	(in millions)
Balance, beginning of period	$	409	$	448	$	398	$	428
Deferral of revenue	755		754		1,462		1,575
Recognition of deferred revenue(a)	(779)		(797)		(1,480)		(1,591)
Other	15		6		20		(1)
Balance, end of period	$	400	$	411	$	400	$	411

(a)For the three and six months ended December 31, 2020, the Company recognized $237 million and $331 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and six months ended December 31, 2019, the Company recognized $232 million and $329 million, respectively, of revenue which was included in the opening deferred revenue balance.