Restructuring Programs

3 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

RESTRUCTURING PROGRAMS

During the three months ended September 30, 2021 and 2020, the Company recorded restructuring charges of $22 million and $40 million, respectively, of which $12 million and $31 million, respectively, related to the News Media segment. The restructuring charges recorded in fiscal 2022 primarily related to employee termination benefits. Restructuring charges in fiscal 2021 primarily related to exit costs associated with the closure of the Company’s operations at its Bronx print plant.

Changes in restructuring program liabilities were as follows:


	For the three months ended September 30,
	2021				2020
	One time employee termination benefits		Other costs		Total		One time employee termination benefits		Other costs		Total
	(in millions)
Balance, beginning of period	$	51	$	35	$	86	$	64	$	9	$	73
Additions	18		4		22		19		21		40
Payments	(41)		(2)		(43)		(48)		—		(48)
Other	—		—		—		(1)		—		(1)
Balance, end of period	$	28	$	37	$	65	$	34	$	30	$	64

As of September 30, 2021, restructuring liabilities of approximately $37 million were included in the Balance Sheet in Other current liabilities and $28 million were included in Other non-current liabilities.