GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Carrying Values of Intangible Assets

The net carrying values of the Company’s intangible assets for the fiscal years ended June 30, 2026 and June 30, 2025 were as follows:

	As of June 30,
	2026		2025
	(in millions)
Intangible Assets Not Subject to Amortization
Trademarks and tradenames	$	272	$	276
Newspaper mastheads	281		281
Imprints	239		250
Radio broadcast licenses	109		123
Total intangible assets not subject to amortization	901		930
Intangible Assets Subject to Amortization
Publishing rights	245		267
Customer relationships	671		708
Other	20		25
Total intangible assets subject to amortization, net	936		1,000
Total Intangible assets, net	$	1,837	$	1,930

Schedule of Information Related to Amortizable Intangible Assets and Related Accumulated Amortization

Information related to amortizable intangible assets and related accumulated amortization for the fiscal years ended June 30, 2026 and June 30, 2025 is summarized below:

	Useful lives	As of June 30,
		2026						2025
		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
		(in millions)
Publishing rights(a)	3 to 30 years	$	689	$	444	$	245	$	677	$	410	$	267
Customer relationships(b)	3 to 25 years	1,396		725		671		1,373		665		708
Other(c)	3 to 15 years	125		105		20		125		100		25
Total		$	2,210	$	1,274	$	936	$	2,175	$	1,175	$	1,000

(a)The useful lives of publishing rights are primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

(b)The useful lives of customer relationships are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated.

(c)The useful lives of other intangible assets represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Expected Amortization Expense

Based on the current amount of amortizable intangible assets, the estimated amortization expense for each of the succeeding five fiscal years is as follows:

	As of June 30, 2026
	(in millions)
Fiscal 2027	$	97
Fiscal 2028	93
Fiscal 2029	87
Fiscal 2030	83
Fiscal 2031	69

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Total Goodwill
	(in millions)
Balance, June 30, 2024	$	2,195	$	1,604	$	406	$	131	$	4,336
Acquisitions	44		(8)		16		—		52
Foreign exchange and other	—		(21)		2		4		(15)
Balance, June 30, 2025	$	2,239	$	1,575	$	424	$	135	$	4,373
Acquisitions	29		94		6		2		131
Dispositions	—		(2)		—		—		(2)
Foreign exchange and other	—		45		(7)		2		40
Balance, June 30, 2026	$	2,268	$	1,712	$	423	$	139	$	4,542