Investments (Tables)

9 Months Ended

Mar. 31, 2023

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of March 31, 2023	As of March 31, 2023		As of June 30, 2022
		(in millions)
Equity method investments(a)	various	$	279	$	276
Equity securities(b)	various	227		212
Total Investments		$	506	$	488

(a)Equity method investments are primarily comprised of REA Group’s ownership interest in PropertyGuru Group 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 March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)				(in millions)
Total (losses) gains recognized on equity securities	$	(2)	$	(18)	$	(16)	$	1
Less: Net gains recognized on equity securities sold	—		—		2		—
Unrealized (losses) gains recognized on equity securities held at end of period	$	(2)	$	(18)	$	(18)	$	1