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Additional Financial Information
 9 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information
NOTE 12. ADDITIONAL FINANCIAL INFORMATION
Receivables, net
Receivables are presented net of allowances, which reflect the Company’s expected credit losses based on historical experience as well as current and expected economic conditions.
Receivables, net consist of:
As of
March 31, 2024		As of
June 30, 2023
(in millions)
Receivables$1,501 $1,482 
Less: allowances(63)(57)
Receivables, net$1,438 $1,425 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
March 31, 2024		As of
June 30, 2023
(in millions)
Royalty advances to authors$377 $376 
Retirement benefit assets143 134 
Inventory(a)
251 267 
News America Marketing deferred consideration167 157 
Other392 407 
Total Other non-current assets$1,330 $1,341 
(a)Primarily consists of the non-current portion of programming rights.
Other Current Liabilities
The following table sets forth the components of Other current liabilities:
As of
March 31, 2024		As of
June 30, 2023
(in millions)
Royalties and commissions payable$256 $206 
Current operating lease liabilities111 112 
Allowance for sales returns138 154 
Programming rights payable
136 111 
Other289 370 
Total Other current liabilities$930 $953 
Other, net
The following table sets forth the components of Other, net:
For the three months ended March 31,For the nine months ended March 31,
2024202320242023
(in millions)
Remeasurement of equity securities$(1)$(2)$(11)$(16)
Dividends received from equity security investments1 2 4 6 
Gain on remeasurement of previously-held interest— — 4 — 
Other(10)14 (20)— 
Total Other, net$(10)$14 $(23)$(10)
Supplemental Cash Flow Information
The following table sets forth the Company’s cash paid for interest and taxes:
For the nine months ended March 31,
20242023
(in millions)
Cash paid for interest$71 $69 
Cash paid for taxes$110 $114