Investments (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of June 30, 2021	As of June 30,
		2021		2020
		(in millions)
Equity method investments(a)	various	$	71	$	120
Equity securities(b)	various	280		177
Total Investments		$	351	$	297

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(a)As of June 30, 2020, equity method investments were primarily comprised of Foxtel’s investment in Nickelodeon Australia Joint Venture and Elara, which operates PropTiger.com and Housing.com. In December 2020, the Company acquired a controlling interest in Elara and began consolidating its results. Refer to Note 4—Acquisitions, Disposals and Other Transactions for further discussion.

(b)Equity securities are primarily comprised of certain investments in China, Tremor and the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets.

Schedule of Total Gains and Losses on Equity Securities

The components comprising total gains and losses on equity securities are set forth below:

	For the fiscal year ended June 30,
	2021		2020		2019
	(in millions)
Total gains (losses) recognized on equity securities	$	81	$	(21)	$	(23)
Less: Net losses recognized on equity securities sold or impaired	(1)		—		—
Unrealized gains (losses) recognized on equity securities held at end of period	$	82	$	(21)	$	(23)