Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:

	As of March 31, 2023		As of June 30, 2022
	(in millions)
Receivables	$	1,601	$	1,569
Less: allowances	(61)		(67)
Receivables, net	$	1,540	$	1,502

Components of Other Non-Current Assets

The following table sets forth the components of Other non-current assets:

	As of March 31, 2023		As of June 30, 2022
	(in millions)
Royalty advances to authors	$	391	$	403
Retirement benefit assets	150		133
Inventory(a)	273		268
News America Marketing deferred consideration	153		142
Other	444		438
Total Other non-current assets	$	1,411	$	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 March 31, 2023		As of June 30, 2022
	(in millions)
Royalties and commissions payable	$	255	$	215
Current operating lease liabilities	113		139
Allowance for sales returns	154		173
Current tax payable	14		18
Other	447		430
Total Other current liabilities	$	983	$	975

Components of Other, Net

The following table sets forth the components of Other, net:

	For the three months ended March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Remeasurement of equity securities	$	(2)	$	(19)	$	(16)	$	—
Dividends received from equity security investments	2		8		6		18
Gain on sale of businesses(a)	—		—		—		98
Gain on remeasurement of previously-held interest	—		—		—		3
Gain on dilution of PropertyGuru investment(b)	—		15		—		15
Other	14		9		—		9
Total Other, net	$	14	$	13	$	(10)	$	143

(a)During the nine months ended March 31, 2022, 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.

(b)During the three months ended March 31, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. REA Group recognized a gain of approximately $15 million resulting from its ownership dilution in the transaction. At March 31, 2022, REA Group held an ownership interest of 17.5% in PropertyGuru.

Summary of Supplemental Cash Flow Information

The following table sets forth the Company’s cash paid for taxes and interest:

	For the nine months ended March 31,
	2023		2022
	(in millions)
Cash paid for interest	$	69	$	63
Cash paid for taxes	$	114	$	132