Segment Information (Tables)

9 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Reconciliation from Income Before Income Tax (Expense) Benefit to Total Segment EBITDA

The following table reconciles Income before income tax (expense) benefit to Total Segment EBITDA for the three and nine months ended March 31, 2019 and 2018:

	For the three months ended March 31,						For the nine months ended March 31,
	2019			2018			2019			2018
	(in millions)
Income before income tax (expense) benefit	$	706		$	654		$	1,568		$	1,577
Add
Amortization of cable distribution investments		10			11			29			43
Depreciation and amortization		58			43			152			126
Impairment and restructuring charges		14			14			14			11
Interest expense		81			7			112			20
Interest income		(19	)		-			(19	)		-
Other, net		(84	)		(23	)		116			75
Total Segment EBITDA	$	766		$	706		$	1,972		$	1,852

Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for the three and nine months ended March 31, 2019 and 2018:

	For the three months ended March 31,						For the nine months ended March 31,
	2019			2018			2019			2018
	(in millions)
Revenues
Cable Network Programming	$	1,383		$	1,325		$	4,082		$	3,778
Television		1,370			1,138			4,796			3,982
Other, Corporate and Eliminations		(1	)		-			(2	)		(1	)
Total revenues	$	2,752		$	2,463		$	8,876		$	7,759
Segment EBITDA
Cable Network Programming	$	741		$	692		$	1,893		$	1,730
Television		99			81			256			268
Other, Corporate and Eliminations		(74	)		(67	)		(177	)		(146	)
Total Segment EBITDA	$	766		$	706		$	1,972		$	1,852

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component
	For the three months ended March 31,					For the nine months ended March 31,
	2019			2018		2019			2018
	(in millions)
Cable Network Programming
Affiliate fee	$	968		$	931	$	2,845		$	2,609
Advertising		276			266		893			825
Other		139			128		344			344
Total Cable Network Programming revenues		1,383			1,325		4,082			3,778
Television
Advertising		812			735		3,245			2,796
Affiliate fee		452			350		1,257			1,001
Other		106			53		294			185
Total Television revenues		1,370			1,138		4,796			3,982
Other, Corporate and Eliminations		(1	)		-		(2	)		(1	)
Total revenues	$	2,752		$	2,463	$	8,876		$	7,759

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended March 31,				For the nine months ended March 31,
	2019		2018		2019		2018
	(in millions)
Depreciation and amortization
Cable Network Programming	$	12	$	10	$	35	$	28
Television		28		27		80		82
Other, Corporate and Eliminations		18		6		37		16
Total depreciation and amortization	$	58	$	43	$	152	$	126

Reconciliation of Assets from Segments to Consolidated

	As of March 31, 2019		As of June 30, 2018
	(in millions)
Assets
Cable Network Programming	$	2,620	$	2,430
Television		6,506		6,805
Other, Corporate and Eliminations		8,038		3,611
Investments		493		275
Total assets	$	17,657	$	13,121