Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Components of Other, net

The following table sets forth the components of Other, net included in the Unaudited Combined Statements of Operations:

	For the three months ended December 31,						For the six months ended December 31,
	2018			2017			2018			2017
	(in millions)
Acquisition related and other transaction costs(a)	$	(38	)	$	(32	)	$	(78	)	$	(32	)
Unrealized losses on investments(b)		(255	)		-			(72	)		-
U.K. Newspaper Matters Indemnity(c)		(21	)		(10	)		(30	)		3
Settlement loss related to pension plans(d)		-			(50	)		-			(50	)
Other		(25	)		(1	)		(20	)		(16	)
Total other, net	$	(339	)	$	(93	)	$	(200	)	$	(95	)

^(a) The acquisition related and other transaction costs for the three and six months ended December 31, 2018 are related to the Separation and Distribution which includes retention related costs.

^(b) Represents the unrealized losses related to changes in fair value of the Company’s investment in Roku which are recognized in net income in accordance with ASU 2016-01 (See Note 1 - Description of Business and Basis of Presentation under the heading “Recently Adopted and Recently Issued Accounting Guidance and U.S. Tax Reform”).

^(c) See Note 9 - Commitments and Contingencies.

^(d) The settlement loss was primarily related to the Shared Plans (See Note 12 - Pension and Other Postretirement Benefits in the Form 10).

Components of Other Non-current Assets

Other Non-Current Assets

The following table sets forth the components of Other non-current assets included in the Combined Balance Sheets:

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Investments(a)	$	289	$	275
Inventories, net		155		121
Other(b)		389		363
Total other non-current assets	$	833	$	759

^(a) Includes an investment with a readily determinable fair value of $185 million and $257 million as of December 31, 2018 and June 30, 2018, respectively (See Note 4 - Fair Value). See Note 2 - Acquisitions, Disposals and Other Transactions for information on recent investments.

^(b) Other includes $230 million and $265 million as of December 31, 2018 and June 30, 2018, respectively, related to the Trust (as defined in Note 12 - Pension and Other Postretirement Benefits in the Form 10).

Components of Accounts Payable, Accrued Expenses and Other Current Liabilities

The following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Combined Balance Sheets:

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Program rights payable	$	443	$	380
Accrued expenses		428		530
Deferred revenue		129		147
Income taxes payable(a)		127		553
Other current liabilities		114		149
Total accounts payable, accrued expenses and other current liabilities	$	1,241	$	1,759

^(a) As discussed in Note 1 - Description of Business and Basis of Presentation, income tax items have been calculated as if the Company filed a separate return and was operating as a standalone business. Therefore, tax balances reflected in the Combined Financial Statements may not be reflective of the Company’s actual tax balances prior to or subsequent to the Distribution.

Components of Other Liabilities

The following table sets forth the components of Other liabilities included in the Combined Balance Sheets:

	As of December 31, 2018		As of June 30, 2018
	(in millions)
Accrued noncurrent pension liabilities(a)	$	377	$	244
Other noncurrent liabilities		230		178
Total other liabilities	$	607	$	422

^(a) The increase in accrued noncurrent pension liabilities was related to the pension benefit assets and liabilities of the Shared Plans allocable to the Company’s employees transferred to the Company during the second quarter of fiscal 2019 (See Note 10 - Pension and Other Postretirement Benefits).