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Additional Financial Information
3 Months Ended
Sep. 30, 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
September 30, 2024
As of
June 30, 2024
(in millions)
Receivables$1,768 $1,568 
Less: allowances(70)(65)
Receivables, net$1,698 $1,503 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
September 30, 2024
As of
June 30, 2024
(in millions)
Royalty advances to authors$361 $375 
Retirement benefit assets159 147 
Inventory(a)
226 226 
Other428 422 
Total Other non-current assets$1,174 $1,170 
(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
September 30, 2024
As of
June 30, 2024
(in millions)
Royalties and commissions payable$245 $215 
Current operating lease liabilities115 117 
Allowance for sales returns146 141 
Programming rights payable
103 98 
Other320 334 
Total Other current liabilities$929 $905 
Other, net
The following table sets forth the components of Other, net:
For the three months ended September 30,
20242023
(in millions)
Remeasurement of equity securities$10 $(23)
Dividends received from equity security investments— 
Gain on remeasurement of previously-held interest— 
Other13 (18)
Total Other, net$23 $(35)
Supplemental Cash Flow Information
The following table sets forth the Company’s cash paid for interest and taxes:
For the three months ended September 30,
20242023
(in millions)
Cash paid for interest$34 $19 
Cash paid for taxes$48 $25