Restructuring Programs

6 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

RESTRUCTURING PROGRAMS

Fiscal 2022

During the three and six months ended December 31, 2021, the Company recorded restructuring charges of $23 million and $45 million, respectively, of which $12 million and $24 million, respectively, related to the News Media segment. The restructuring charges recorded in fiscal 2022 primarily related to employee termination benefits.

Fiscal 2021

During the three and six months ended December 31, 2020, the Company recorded restructuring charges of $23 million and $63 million, respectively, of which $12 million and $43 million, respectively, related to the News Media segment. The restructuring charges recorded in fiscal 2021 primarily related to employee termination benefits and exit costs associated with the closure of the Company’s Bronx print plant.

Changes in restructuring program liabilities were as follows:


	For the three months ended December 31,
	2021				2020
	One time employee termination benefits		Other costs		Total		One time employee termination benefits		Other costs		Total
	(in millions)
Balance, beginning of period	$	28	$	37	$	65	$	34	$	30	$	64
Additions	19		4		23		16		7		23
Payments	(24)		(5)		(29)		(21)		(3)		(24)
Other	—		—		—		3		—		3
Balance, end of period	$	23	$	36	$	59	$	32	$	34	$	66


	For the six months ended December 31,
	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	37		8		45		35		28		63
Payments	(65)		(7)		(72)		(69)		(3)		(72)
Other	—		—		—		2		—		2
Balance, end of period	$	23	$	36	$	59	$	32	$	34	$	66

As of December 31, 2021, restructuring liabilities of approximately $31 million were included in the Balance Sheet in Other current liabilities and $28 million were included in Other non-current liabilities.