XML 49 R34.htm IDEA: XBRL DOCUMENT v3.21.2
Revenues (Tables)
 12 Months Ended
Jun. 30, 2021
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 fiscal years ended June 30, 2021, 2020 and 2019:
For the fiscal year ended June 30, 2021
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription
$25 $1,825 $1,296 $— $1,060 $— $4,206 
Advertising
126 210 373 — 885 — 1,594 
Consumer
— — — 1,908 — — 1,908 
Real estate
1,153 — — — — — 1,153 
Other
89 37 33 77 260 1 497 
Total Revenues
$1,393 $2,072 $1,702 $1,985 $2,205 $1 $9,358 
For the fiscal year ended June 30, 2020
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription
$36 $1,673 $1,191 $— $956 $1 $3,857 
Advertising
98 174 359 — 1,562 — 2,193 
Consumer
— — — 1,593 — — 1,593 
Real estate
862 — — — — — 862 
Other
69 37 40 73 283 1 503 
Total Revenues
$1,065 $1,884 $1,590 $1,666 $2,801 $2 $9,008 
For the fiscal year ended June 30, 2019
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription
$49 $1,926 $1,120 $— $1,008 $1 $4,104 
Advertising
122 215 393 — 2,007 1 2,738 
Consumer
— — — 1,679 — — 1,679 
Real estate
908 — — — — — 908 
Other
80 61 36 75 392 1 645 
Total Revenues
$1,159 $2,202 $1,549 $1,754 $3,407 $3 $10,074 
Summary of Deferred Revenue from Contracts with Customers The following table presents changes in the deferred revenue balance for the fiscal years ended June 30, 2021 and 2020:
For the fiscal year ended June 30,
20212020
(in millions)
Beginning balance$398 $428 
Deferral of revenue
3,152 3,091 
Recognition of deferred revenue (a)
(3,109)(3,064)
Other (b)
32 (57)
Ending balance$473 $398 
________________________
(a)For the fiscal years ended June 30, 2021 and 2020, the Company recognized approximately $381 million and $384 million, respectively, of revenue which was included in the opening deferred revenue balance.
(b)For the fiscal year ended June 30, 2021, includes $16 million of deferred revenue acquired as a result of the acquisition of IBD. For the fiscal year ended June 30, 2020, the Company disposed of $51 million of deferred revenue in connection with the sale of News America Marketing. See Note 4—Acquisitions, Disposals and Other Transactions.