XML 41 R30.htm IDEA: XBRL DOCUMENT

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2025

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes those assets and liabilities, as applicable, measured at fair value on a recurring basis:


	As of March 31, 2025								As of June 30, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Interest rate derivatives - cash flow hedges	$	—	$	15	$	—	$	15	$	—	$	28	$	—	$	28
Equity and other securities	59		47		164		270		53		39		122		214
Total assets	$	59	$	62	$	164	$	285	$	53	$	67	$	122	$	242

Schedule of Equity and Other Securities Classified as Level 3

A rollforward of the Company’s equity and other securities classified as Level 3 is as follows:


	For the nine months ended March 31,
	2025		2024
	(in millions)
Balance - beginning of period	$	122	$	130
Additions(a)	42		4
Returns of capital	(5)		(4)
Measurement adjustments	3		—
Foreign exchange and other	2		2
Balance - end of period	$	164	$	132

(a)The additions for the nine months ended March 31, 2025 primarily relate to REA Group’s investment in Athena Home Loans.

Schedule of Hedges Classified as Current or Non-current in Balance Sheets Based on Maturity Dates

Derivatives are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details:


	Balance Sheet Classification	As of March 31, 2025		As of June 30, 2024
		(in millions)
Interest rate derivatives - cash flow hedges	Other current assets	$	7	$	14
Interest rate derivatives - cash flow hedges	Other non-current assets	8		14

Schedule of Derivative Instruments Designated as Cash Flow Hedges

The following tables present the impact that changes in the fair values had on Accumulated other comprehensive loss and the Statements of Operations during the three and nine months ended March 31, 2025 and 2024 for derivatives designated as cash flow hedges:

Gains (losses) recognized in Accumulated other comprehensive loss for the three and nine months ended March 31, 2025 and 2024, by derivative instrument:


	For the three months ended March 31,				For the nine months ended March 31,
	2025		2024		2025		2024
	(in millions)
Interest rate derivatives - cash flow hedges	$	(3)	$	9	$	(3)	$	7

(Gains) losses reclassified from Accumulated other comprehensive loss into the Statements of Operations for the three and nine months ended March 31, 2025 and 2024, by derivative instrument:


	Income Statement Classification	For the three months ended March 31,				For the nine months ended March 31,
		2025		2024		2025		2024
		(in millions)
Interest rate derivatives - cash flow hedges	Interest income (expense), net	$	(3)	$	(5)	$	(10)	$	(13)

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details