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Additional Financial Information
 9 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information ADDITIONAL FINANCIAL INFORMATION
Receivables, net
Receivables are presented net of allowances, which reflect the Company’s expected credit losses based on historical experience as well as current and expected economic conditions.
Receivables, net consist of:
As of
March 31, 2022		As of
June 30, 2021
(in millions)
Receivables$1,606 $1,569 
Less: allowances(74)(71)
Receivables, net$1,532 $1,498 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
March 31, 2022		As of
June 30, 2021
(in millions)
Royalty advances to authors$392 $406 
Retirement benefit assets139 120 
Inventory(a)
303 279 
News America Marketing deferred consideration138 128 
Other480 514 
Total Other non-current assets$1,452 $1,447 
(a)Primarily consists of the non-current portion of programming rights.
Other Current Liabilities
The following table sets forth the components of Other current liabilities:
As of
March 31, 2022		As of
June 30, 2021
(in millions)
Royalties and commissions payable$265 $206 
Current operating lease liabilities144 143 
Allowance for sales returns190 190 
Current tax payable31 30 
Other461 504 
Total Other current liabilities$1,091 $1,073 
Other, net
The following table sets forth the components of Other, net:
For the three months ended March 31,For the nine months ended March 31,
2022202120222021
(in millions)
Remeasurement of equity securities$(19)$33 $— $79 
Dividends received from equity security investments8 6 18 9 
Gain on sale of businesses(a)
— 18 98 18 
Gain on remeasurement of previously-held interest(b)
— — 3 7 
Gain on dilution of PropertyGuru investment(c)
15 — 15 — 
Other9 4 9 19 
Total Other, net$13 $61 $143 $132 
(a)     During the nine months ended March 31, 2022, REA Group acquired an 18% interest in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. The Company recognized a gain of $107 million on the disposition of such entities.
During the three and nine months ended March 31, 2021, Move sold the assets associated with its Top Producer professional software and service product and recognized an $18 million gain on the sale.
(b)     Relates to the acquisition of Elara (which was rebranded to REA India) in the nine months ended March 31, 2021.
(c)     During the three months ended March 31, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. REA Group recognized a gain of approximately $15 million resulting from its ownership dilution in the transaction. At March 31, 2022, REA Group held an ownership interest of 17.5% in PropertyGuru.
Supplemental Cash Flow Information
The following table sets forth the Company’s cash paid for taxes and interest:
For the nine months ended March 31,
20222021
(in millions)
Cash paid for interest$63 $41 
Cash paid for taxes$132 $131