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Additional Financial Information (Tables)
6 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Receivables, Net
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 
Components of 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.
Components of 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 $975 
Components of Other, Net
The following table sets forth the components of Other, net:
For the three months ended December 31,For the six months ended December 31,
2022202120222021
(in millions)
Remeasurement of equity securities$(11)$(9)$(14)$19 
Dividends received from equity security investments10 
(Loss) gain on sale of businesses(a)
— (9)— 98 
Gain on remeasurement of previously-held interest— — 
Other(1)(14)— 
Total Other, net$(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.
Summary of 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