Investments (Tables)

6 Months Ended

Dec. 31, 2022

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of December 31, 2022	As of December 31, 2022		As of June 30, 2022
		(in millions)
Equity method investments(a)	various	$	294	$	276
Equity securities(b)	various	230		212
Total Investments		$	524	$	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, the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets, and Dow Jones’ investment in an artificial intelligence-focused data analytics company.

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 December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)				(in millions)
Total (losses) gains recognized on equity securities	$	(11)	$	(9)	$	(14)	$	19
Less: Net gains recognized on equity securities sold	2		—		2		—
Unrealized (losses) gains recognized on equity securities held at end of period	$	(13)	$	(9)	$	(16)	$	19