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Commitments and Contingencies (Tables)
12 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments by Fiscal Year Maturity The following table summarizes the Company’s material firm commitments as of June 30, 2023:
As of June 30, 2023
Payments Due by Period
Total
Less than 1
year
1-3 years
3-5 years
More than 5
years
(in millions)
Purchase obligations(a)
$1,584 $562 $620 $355 $47 
Sports programming rights(b)
3,732 501 1,073 950 1,208 
Programming costs(c)
1,444 430 528 359 127 
Operating leases(d)
Transmission costs(e)
132 24 32 30 46 
Land and buildings
1,606 136 257 199 1,014 
Plant and machinery
— — 
Finance leases
Transmission costs(e)
43 28 15 — — 
Borrowings(f)
2,945 333 562 550 1,500 
Interest payments on borrowings(g)
613 120 189 163 141 
Total commitments and contractual obligations
$12,107 $2,138 $3,280 $2,606 $4,083 
________________________
(a)The Company has commitments under purchase obligations related to minimum subscriber guarantees for license fees, printing contracts, capital projects, marketing agreements, production services and other legally binding commitments.
(b)The Company has sports programming rights commitments with the National Rugby League, Australian Football League and Cricket Australia, as well as certain other broadcast rights which are payable through fiscal 2032.
(c)The Company has programming rights commitments with various suppliers for programming content.
(d)The Company leases office facilities, warehouse facilities, printing plants, satellite services and equipment. These leases, which are classified as operating leases, are expected to be paid at certain dates through fiscal 2048. Amounts reflected represent only the Company’s lease obligations for which it has firm commitments.
(e)The Company has contractual commitments for satellite transmission services. The Company’s satellite transponder services arrangements extend through fiscal 2032 and are accounted for as operating or finance leases, based on the underlying terms of those arrangements.
(f)See Note 9—Borrowings.
(g)Reflects the Company’s expected future interest payments based on borrowings outstanding and interest rates applicable at June 30, 2023. Such rates are subject to change in future periods. See Note 9—Borrowings.