Investments (Tables)

3 Months Ended

Sep. 30, 2023

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of September 30, 2023	As of September 30, 2023		As of June 30, 2023
		(in millions)
Equity method investments(a)	various	$	183	$	192
Equity securities(b)	various	208		235
Total Investments		$	391	$	427

(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 International Ltd., certain investments in China, the Company’s investment in ARN Media Limited, which operates a portfolio of Australian radio 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 September 30,
	2023		2022
	(in millions)
Total losses recognized on equity securities	$	(23)	$	(3)
Less: Net gains recognized on equity securities sold	—		—
Unrealized losses recognized on equity securities held at end of period	$	(23)	$	(3)