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Additional Financial Information
 6 Months Ended
Dec. 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
December 31, 2022		As of
June 30, 2022
(in millions)
Receivables$1,693 $1,569 
Less: allowances(57)(67)
Receivables, net$1,636 $1,502 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
December 31, 2022		As of
June 30, 2022
(in millions)
Royalty advances to authors$393 $403 
Retirement benefit assets144 133 
Inventory(a)
261 268 
News America Marketing deferred consideration149 142 
Other453 438 
Total Other non-current assets$1,400 $1,384 
(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
December 31, 2022		As of
June 30, 2022
(in millions)
Royalties and commissions payable$233 $215 
Current operating lease liabilities111 139 
Allowance for sales returns165 173 
Current tax payable16 18 
Other436 430 
Total Other current liabilities$961 $975 
Other, net
The following table sets forth the components of Other, net:
For the three months ended December 31,For the six months ended December 31,
2022202120222021
(in millions)
Remeasurement of equity securities$(11)$(9)$(14)$19 
Dividends received from equity security investments2 9 4 10 
(Loss) gain on sale of businesses(a)
— (9)— 98 
Gain on remeasurement of previously-held interest— 3 — 3 
Other3 (1)(14)— 
Total Other, net$(6)$(7)$(24)$130 
(a)     During the six months ended December 31, 2021, 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.
Supplemental Cash Flow Information
The following table sets forth the Company’s cash paid for taxes and interest:
For the six months ended December 31,
20222021
(in millions)
Cash paid for interest$54 $49 
Cash paid for taxes$81 $92