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Segment Information (Tables)
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).
Segment information is summarized as follows:
For the fiscal years ended June 30,
202420232022
(in millions)
Revenues:
Dow Jones$2,231 $2,153 $2,004 
Digital Real Estate Services1,658 1,539 1,741 
Book Publishing2,093 1,979 2,191 
News Media2,270 2,341 2,501 
Other— — — 
Total Revenues
$8,252 $8,012 $8,437 
Segment EBITDA:
Dow Jones$542 $494 $433 
Digital Real Estate Services508 457 574 
Book Publishing269 167 306 
News Media133 173 238 
Other(211)(202)(227)
Depreciation and amortization(440)(415)(372)
Impairment and restructuring charges
(133)(121)(105)
Equity losses of affiliates
(6)(127)(13)
Interest expense, net(18)(49)(44)
Other, net
(59)3 47 
Income before income tax expense from continuing operations585 380 837 
Income tax expense from continuing operations(206)(152)(64)
Net income from continuing operations379 228 773 
Net loss from discontinued operations, net of tax(25)(41)(13)
Net income$354 $187 $760 
Reconciliation of Depreciation and Amortization from Segments to Consolidated
For the fiscal years ended June 30,
202420232022
(in millions)
Depreciation and amortization:
Dow Jones$153 $152 $119 
Digital Real Estate Services137 123 112 
Book Publishing54 49 49 
News Media91 84 84 
Other5 7 8 
Total Depreciation and amortization$440 $415 $372 
For the fiscal years ended June 30,
202420232022
(in millions)
Capital expenditures:
Dow Jones$100 $91 $77 
Digital Real Estate Services131 130 109 
Book Publishing32 42 37 
News Media93 83 85 
Other1 1 2 
Total Capital expenditures$357 $347 $310 
As of June 30,
20242023
(in millions)
Goodwill and intangible assets, net:
Dow Jones$3,248 $3,298 
Digital Real Estate Services1,828 1,779 
Book Publishing914 958 
News Media294 316 
Other— — 
Total Goodwill and intangible assets, net$6,284 $6,351 
Reconciliation of Assets from Segments to Consolidated
As of June 30,
20242023
(in millions)
Total assets:
Dow Jones$4,139 $4,305 
Digital Real Estate Services3,020 2,942 
Book Publishing2,647 2,629 
News Media2,018 2,047 
Other(a)
1,858 1,783 
Investments429 427 
Assets held for sale(b)
2,573 2,788 
Total assets$16,684 $16,921 
(a)The Other segment primarily includes Cash and cash equivalents.
(b)See Note 3—Discontinued Operations.
Revenue and Long-Lived Assets by Geographic Region
Geographic Segments
For the fiscal years ended June 30,
202420232022
(in millions)
Revenues:(a)
U.S. and Canada(b)
$4,004 $3,965 $4,094 
Europe(c)
1,734 1,666 1,805 
Australasia and Other(d)
2,514 2,381 2,538 
Total Revenues
$8,252 $8,012 $8,437 
(a)Revenues are attributed to region based on location of customer.
(b)Revenues include approximately $3.9 billion for fiscal 2024, $3.8 billion for fiscal 2023 and $4.0 billion for fiscal 2022 from customers in the U.S.
(c)Revenues include approximately $1.3 billion for fiscal 2024, $1.2 billion for fiscal 2023 and $1.4 billion for fiscal 2022 from customers in the U.K.
(d)Australasia comprises Australia, Asia, Papua New Guinea and New Zealand. Revenues include approximately $2.1 billion for fiscal 2024, $2.0 billion for fiscal 2023 and $2.2 billion for fiscal 2022 from customers in Australia.
As of June 30,
20242023
(in millions)
Long-lived assets:(a)
U.S. and Canada$1,414 $1,623 
Europe858 843 
Australasia and Other762 746 
Total long-lived assets
$3,034 $3,212 
(a)Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.