Revenues (Tables)

3 Months Ended

Sep. 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 three months ended September 30, 2021 and 2020:

	For the three months ended September 30, 2021
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	3	$	440	$	349	$	—	$	285	$	—	$	1,077
Advertising	33		59		90		—		223		—		405
Consumer	—		—		—		524		—		—		524
Real estate	320		—		—		—		—		—		320
Other	70		11		5		22		68		—		176
Total Revenues	$	426	$	510	$	444	$	546	$	576	$	—	$	2,502

	For the three months ended September 30, 2020
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	8	$	437	$	311	$	—	$	246	$	—	$	1,002
Advertising	28		50		70		—		184		—		332
Consumer	—		—		—		441		—		—		441
Real estate	235		—		—		—		—		—		235
Other	19		9		5		17		57		—		107
Total Revenues	$	290	$	496	$	386	$	458	$	487	$	—	$	2,117

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2021 and 2020:

	For the three months ended September 30,
	2021		2020
	(in millions)
Balance, beginning of period	$	473	$	398
Deferral of revenue	815		707
Recognition of deferred revenue(a)	(814)		(701)
Other	(7)		5
Balance, end of period	$	467	$	409

(a)For the three months ended September 30, 2021 and 2020, the Company recognized $298 million and $257 million, respectively, of revenue which was included in the opening deferred revenue balance.