During the three and six months ended December 31, 2024, the Company recorded restructuring charges of $16 million and $38 million, respectively. During the three and six months ended December 31, 2023, the Company recorded restructuring charges of $9 million and $25 million, respectively. The restructuring charges recorded in fiscal 2025 and 2024 primarily related to employee termination benefits.

During the three and six months ended December 31, 2023, the Company recognized non-cash impairment charges of $1 million and $22 million, respectively, at the News Media segment related to the write-down of fixed assets associated with the combination of News UK’s printing operations with those of DMG Media.


	For the three months ended December 31,
	2024				2023
	One time employee termination benefits		Other costs		Total		One time employee termination benefits		Other costs		Total
	(in millions)
Balance, beginning of period	$	24	$	33	$	57	$	28	$	40	$	68
Additions	15		1		16		9		—		9
Payments	(20)		(2)		(22)		(15)		(2)		(17)
Other	(1)		(1)		(2)		—		—		—
Balance, end of period	$	18	$	31	$	49	$	22	$	38	$	60


	For the six months ended December 31,
	2024				2023
	One time employee termination benefits		Other costs		Total		One time employee termination benefits		Other costs		Total
	(in millions)
Balance, beginning of period	$	25	$	34	$	59	$	48	$	41	$	89
Additions	36		2		38		25		—		25
Payments	(42)		(4)		(46)		(51)		(3)		(54)
Other	(1)		(1)		(2)		—		—		—
Balance, end of period	$	18	$	31	$	49	$	22	$	38	$	60

As of December 31, 2024, restructuring liabilities of approximately $24 million were included in the Balance Sheet in Other current liabilities and $25 million were included in Other non-current liabilities.