Investments (Tables)

3 Months Ended

Sep. 30, 2022

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of September 30, 2022	As of September 30, 2022		As of June 30, 2022
		(in millions)
Equity method investments(a)	various	$	262	$	276
Equity securities(b)	various	208		212
Total Investments		$	470	$	488

(a)Equity method investments are primarily comprised of REA Group’s ownership interest in PropertyGuru Pte. Ltd. (“PropertyGuru”).

(b)Equity securities are primarily comprised of Tremor, certain investments in China 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 three months ended September 30,
	2022		2021
	(in millions)
Total (losses) gains recognized on equity securities	$	(3)	$	28
Less: Net gains recognized on equity securities sold	—		—
Unrealized (losses) gains recognized on equity securities held at end of period	$	(3)	$	28