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ADDITIONAL FINANCIAL INFORMATION
 6 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ADDITIONAL FINANCIAL INFORMATION
NOTE 13. 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
December 31, 2024		As of
June 30, 2024
(in millions)
Receivables$1,713 $1,478 
Less: allowances(58)(58)
Receivables, net$1,655 $1,420 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
December 31, 2024		As of
June 30, 2024
(in millions)
Royalty advances to authors$361 $375 
Non-current receivables
291 300 
Retirement benefit assets152 147 
Other131 135 
Total Other non-current assets$935 $957 
Other Current Liabilities
The following table sets forth the components of Other current liabilities:
As of
December 31, 2024		As of
June 30, 2024
(in millions)
Royalties and commissions payable$241 $215 
Allowance for sales returns152 141 
Current operating lease liabilities84 89 
Other282 327 
Total Other current liabilities$759 $772 
Other, net
The following table sets forth the components of Other, net:
For the three months ended December 31,For the six months ended December 31,
2024202320242023
(in millions)
Remeasurement of equity securities$18 $13 $28 $(10)
Gain on sale of investment in PropertyGuru87 — 87 — 
Other(13)8 (1)(7)
Total Other, net$92 $21 $114 $(17)
Supplemental Cash Flow Information
The following table sets forth the Company’s cash paid for interest and taxes:
For the six months ended December 31,
20242023
(in millions)
Cash paid for interest$41 $21 
Cash paid for taxes$108 $74