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ADDITIONAL FINANCIAL INFORMATION
 9 Months Ended
Mar. 31, 2025
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
March 31, 2025		As of
June 30, 2024
(in millions)
Receivables$1,599 $1,478 
Less: allowances(60)(58)
Receivables, net$1,539 $1,420 
Other Non-Current Assets
The following table sets forth the components of Other non-current assets:
As of
March 31, 2025		As of
June 30, 2024
(in millions)
Royalty advances to authors$355 $375 
Non-current receivables
298 300 
Retirement benefit assets160 147 
Other136 135 
Total Other non-current assets$949 $957 
Other Current Liabilities
The following table sets forth the components of Other current liabilities:
As of
March 31, 2025		As of
June 30, 2024
(in millions)
Royalties and commissions payable$249 $215 
Allowance for sales returns138 141 
Current operating lease liabilities79 89 
Other282 327 
Total Other current liabilities$748 $772 
Other, net
The following table sets forth the components of Other, net:
For the three months ended March 31,For the nine months ended March 31,
2025202420252024
(in millions)
Remeasurement of equity securities$(12)$(1)$16 $(11)
Gain on sale of investment in PropertyGuru— — 87 — 
Other(1)(8)(2)(15)
Total Other, net$(13)$(9)$101 $(26)
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,
20252024
(in millions)
Cash paid for interest$59 $24 
Cash paid for taxes$150 $110