Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of March 31, 2021		As of June 30, 2020
	(in millions)
Receivables	$	1,415	$	1,276
Less: allowances	(80)		(73)
Receivables, net	$	1,335	$	1,203

Components of Other Non-Current Assets

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

	As of March 31, 2021		As of June 30, 2020
	(in millions)
Royalty advances to authors	$	363	$	348
Retirement benefit assets	130		94
Inventory(a)	292		133
News America Marketing deferred consideration	124		111
Other	310		353
Total Other non-current assets	$	1,219	$	1,039

(a)The balance as of March 31, 2021 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 March 31, 2021		As of June 30, 2020
	(in millions)
Royalties and commissions payable	$	239	$	169
Current operating lease liabilities	139		131
Allowance for sales returns	188		174
Current tax payable	6		50
Other	351		314
Total Other current liabilities	$	923	$	838

Components of Other, Net

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

	For the three months ended March 31,				For the nine months ended March 31,
	2021		2020		2021		2020
	(in millions)
Remeasurement of equity securities	$	33	$	(17)	$	79	$	(22)
Dividends received from equity security investments	6		1		9		2
Gain on sale of businesses(a)	18		20		18		20
Gain on remeasurement of previously-held interest in Elara (Note 3)	—		—		7		—
Other	4		9		19		19
Total Other, net	$	61	$	13	$	132	$	19

(a)During the three and nine months ended March 31, 2021, Move sold the assets associated with its Top Producer professional software and service product and recognized an $18 million gain on the sale.

During the three and nine months ended March 31, 2020, REA Group contributed its businesses located in Singapore and Indonesia into a joint venture with 99.co in return for an equity method investment in the combined entity. As a result of the deconsolidation of these entities, REA Group recognized a $20 million gain in Other, net.

Summary of Supplemental Cash Flow Information

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

	For the nine months ended March 31,
	2021		2020
	(in millions)
Cash paid for interest	$	41	$	43
Cash paid for taxes	$	131	$	93