Property, Plant and Equipment

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

	Original Useful Lives	As of June 30,
		2024		2023
		(in millions)
Property, plant and equipment:
Land		$	121	$	121
Buildings and leaseholds	3 to 50 years	1,527		1,515
Digital set top units and installations	5 to 10 years	1,171		1,142
Machinery and equipment	2 to 20 years	945		1,302
Capitalized software	2 to 15 years	2,206		1,925
Finance lease right-of-use assets	15 years	125		121
Construction in progress		215		275
Total Property, plant and equipment		6,310		6,401
Accumulated depreciation and amortization(a)		(4,396)		(4,359)
Total Property, plant and equipment, net		$	1,914	$	2,042

(a)Includes accumulated amortization of capitalized software of approximately $1,556 million and $1,335 million as of June 30, 2024 and 2023, respectively.

Depreciation and amortization related to property, plant and equipment was $580 million, $555 million and $548 million for the fiscal years ended June 30, 2024, 2023 and 2022, respectively. This includes amortization of capitalized software of $300 million, $242 million and $263 million for the fiscal years ended June 30, 2024, 2023 and 2022, respectively.

Fixed Asset Impairments

During the fiscal year ended June 30, 2024, the Company recognized non-cash impairment charges of $22 million at the News Media segment related to the write-down of fixed assets associated with the combination of certain United Kingdom (“U.K.”) printing operations with those of a third party.

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.