XML 53 R43.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2024

Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis

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


	June 30, 2024								June 30, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Interest rate derivatives - cash flow hedges	$	—	$	28	$	—	$	28	$	—	$	35	$	—	$	35
Equity and other securities	53		39		122		214		105		—		130		235
Total assets	$	53	$	67	$	122	$	242	$	105	$	35	$	130	$	270

Summary of Equity Securities Classified as Level 3

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


	For the fiscal years ended June 30,
	2024		2023
	(in millions)
Balance—beginning of year	$	130	$	103
Additions(a)	4		31
Sales	—		(3)
Returns of capital	(4)		(6)
Measurement adjustments	—		1
Foreign exchange and other	(8)		4
Balance—end of year	$	122	$	130

(a)The additions for the fiscal year ended June 30, 2023 primarily relate to Dow Jones’ investment in an artificial intelligence-focused data analytics company.

Summary 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:


		Fair value as of June 30,
	Balance Sheet Classification	2024		2023
		(in millions)
Interest rate derivatives - cash flow hedges	Other current assets	$	14	$	15
Interest rate derivatives - cash flow hedges	Other non-current assets	14		20

Financial Instruments and Fair Value Measurements - Summary 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 fiscal years ended June 30, 2024, 2023 and 2022 for derivatives designated as cash flow hedges:

Gains (losses) recognized in Accumulated other comprehensive loss for the fiscal years ended June 30, 2024, 2023 and 2022, by derivative instrument:


	For the fiscal years ended June 30,
	2024		2023		2022
	(in millions)
Interest rate derivatives—cash flow hedges	$	10	$	29	$	13

(Gains) losses reclassified from Accumulated other comprehensive loss into the Statements of Operations for the fiscal years ended June 30, 2024, 2023 and 2022, by derivative instrument:


	Income Statement Classification	For the fiscal years ended June 30,
		2024		2023		2022
		(in millions)
Interest rate derivatives - cash flow hedges	Interest expense, net	$	(17)	$	(9)	$	2

- 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