Inventories, Net

9 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 3. INVENTORIES, NET

The Company’s inventories were comprised of the following:

	As of March 31, 2019			As of June 30, 2018
	(in millions)
Sports programming rights	$	928		$	983
Entertainment programming rights		367			318
Total inventories, net		1,295			1,301
Less: current portion of inventories, net		(1,074	)		(1,180	)
Total non-current inventories, net	$	221		$	121

The Company evaluates the recoverability of the unamortized costs associated with the Company’s programming rights using total estimated advertising and other revenues attributable to the program material and considering the Company’s expectations of the usefulness of the program rights. As a result of the evaluation, the Company recognized a write-down of approximately $55 million related to entertainment and syndicated programming rights at the Television segment, which was recorded in Operating expenses in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2019.