The changes in the carrying values of the Company’s intangible assets and related accumulated amortization were as follows:

	Intangible assets not subject to amortization
	FCC licenses		Other		Total		Amortizable intangible assets, net^(a)			Total intangible assets, net
	(in millions)
Balance, June 30, 2018	$	2,167	$	642	$	2,809	$	57		$	2,866
Amortization		-		-		-		(15	)		(15	)

Balance, June 30, 2019	$	2,167	$	642	$	2,809	$	42		$	2,851

^(a)	Net of accumulated amortization of $129 million and $114 million as of June 30, 2019 and 2018, respectively. The average useful life of other intangible assets ranges from five to 20 years.

Amortization related to finite-lived intangible assets was $15 million, $14 million and $15 million for fiscal 2019, 2018 and 2017, respectively.

Based on the current balance of finite-lived intangible assets, the estimated amortization expense for each of the succeeding five fiscal years is as follows:

	For the years ending June 30,
	2020		2021		2022		2023		2024
	(in millions)
Estimated amortization expense^(a)	$	14	$	14	$	4	$	4	$	4

^(a)	These amounts may vary as acquisitions and dispositions occur in the future.

	Cable Network Programming		Television			Total Goodwill
	(in millions)
Balance, June 30, 2018	$	919	$	1,828		$	2,747
Other		68		(124	)		(56	)
Balance, June 30, 2019	$	987	$	1,704		$	2,691

The carrying amount of Television segment goodwill was net of accumulated impairments of $371 million as of June 30, 2019 and 2018.

The Company’s goodwill impairment reviews are determined using a two-step process. The first step of the process is to compare the fair value of a reporting unit with its carrying amount, including goodwill. In performing the first step, the Company determines the fair value of a reporting unit by using a market-based valuation approach methodology. Determining fair value requires the exercise of significant judgments, including judgments about appropriate company earnings multiples and relevant comparable transactions, as applicable, and projections employed in the analyses which are based on the Company’s estimated outlook. In assessing the reasonableness of its determined fair values, the Company evaluates its results against other value indicators, such as comparable public company trading values. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment review is not necessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment review is required to be performed to estimate the implied fair value of the reporting unit’s goodwill. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. That is, the estimated fair value of the reporting unit is allocated to all of the assets and liabilities of that unit (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination and the estimated fair value of the reporting unit was the purchase price paid. The implied fair value of the reporting unit’s goodwill is compared with the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess.

The Company performs impairment reviews consisting of a comparison of the estimated fair value of the Company’s FCC licenses with their carrying amount on a station-by-station basis using a discounted cash flow valuation method, assuming a hypothetical start-up scenario for a broadcast station in each of the markets the Company operates in. The significant assumptions used are the discount rate and terminal growth rates and operating margins, as well as industry data on future advertising revenues in the markets where the Company owns television stations. These assumptions are based on actual historical performance and estimates of future performance in each market.

During fiscal 2019 and 2018, the Company determined that the goodwill and indefinite-lived intangible assets included in the Balance Sheets as of June 30, 2019 and 2018, respectively, were not impaired.