Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of December 31, 2020		As of June 30, 2020
	(in millions)
Receivables	$	1,526	$	1,276
Less: allowances	(82)		(73)
Receivables, net	$	1,444	$	1,203

Components of Other Non-Current Assets

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

	As of December 31, 2020		As of June 30, 2020
	(in millions)
Royalty advances to authors	$	354	$	348
Retirement benefit assets	121		94
Inventory(a)	285		133
News America Marketing deferred consideration	120		111
Other	313		353
Total Other non-current assets	$	1,193	$	1,039

(a)The balance as of December 31, 2020 primarily consists of the non-current portion of programming rights. Upon adoption of ASU 2019-02, the Company reclassified the current portion of its programming rights, totaling $151 million, from Inventory, net to Other non-current assets. The Company’s programming rights are substantially all monetized as a film group.

Components of Other Current Liabilities

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

	As of December 31, 2020		As of June 30, 2020
	(in millions)
Royalties and commissions payable	$	208	$	169
Current operating lease liabilities	131		131
Allowance for sales returns	201		174
Current tax payable	18		50
Other	306		314
Total Other current liabilities	$	864	$	838

Components of Other, Net

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

	For the three months ended December 31,				For the six months ended December 31,
	2020		2019		2020		2019
	(in millions)
Remeasurement of equity securities	$	37	$	(6)	$	46	$	(5)
Dividends received from equity security investments	1		$	—	3		1
Gain on remeasurement of previously-held interest in Elara (Note 3)	7		—		7		—
Other	9		8		15		10
Total Other, net	$	54	$	2	$	71	$	6

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,
	2020		2019
	(in millions)
Cash paid for interest	$	28	$	33
Cash paid for taxes	$	98	$	69