Property, Plant and Equipment

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

	Original Useful Lives	As of June 30,
		2023		2022
		(in millions)
Land		$	121	$	120
Buildings and leaseholds	3 to 50 years	1,515		1,478
Digital set top units and installations	5 to 10 years	1,142		1,109
Machinery and equipment	2 to 20 years	1,302		1,278
Capitalized software	2 to 15 years	1,925		1,707
Finance lease right-of-use assets	15 years	121		124
		6,126		5,816
Less: accumulated depreciation and amortization(a)		(4,359)		(3,933)
		1,767		1,883
Construction in progress		275		220
Total Property, plant and equipment, net		$	2,042	$	2,103

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(a)Includes accumulated amortization of capitalized software of approximately $1,335 million and $1,135 million as of June 30, 2023 and 2022, respectively.

Depreciation and amortization related to property, plant and equipment was $555 million, $548 million and $568 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. This includes amortization of capitalized software of $242 million, $263 million and $250 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Fixed Asset Impairments

During the fiscal year ended June 30, 2022, the Company recognized non-cash impairment charges of $15 million related to the write-down of fixed assets associated with the shutdown and sale of certain U.S. printing facilities at the Dow Jones segment.