Inventories, Net

12 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 5. INVENTORIES, NET

The Company’s inventories were comprised of the following:

	As of June 30,
	2019			2018
	(in millions)
Sports programming rights	$	954		$	983
Entertainment programming rights		380			318
Total inventories, net		1,334			1,301
Less: current portion of inventories, net		(1,129	)		(1,180	)
Total non-current inventories, net	$	205		$	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 Statement of Operations for fiscal 2019.