Segment Information (Tables)

12 Months Ended

Jun. 30, 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 fiscal 2019, 2018 and 2017:

	For the years ended June 30,
	2019			2018		2017
	(in millions)
Income before income tax (expense) benefit	$	2,224		$	2,170	$	2,241
Add
Amortization of cable distribution investments		38			53		57
Depreciation and amortization		212			171		169
Impairment and restructuring charges		26			16		165
Interest expense		203			43		23
Interest income		(41	)		-		-
Other, net		19			39		131
Total Segment EBITDA	$	2,681		$	2,492	$	2,786

Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for fiscal 2019, 2018 and 2017:

	For the years ended June 30,
	2019			2018			2017
	(in millions)
Revenues
Cable Network Programming	$	5,381		$	5,049		$	4,323
Television		5,979			5,106			5,600
Other, Corporate and Eliminations		29			(2	)		(2	)
Total revenues	$	11,389		$	10,153		$	9,921
Segment EBITDA
Cable Network Programming	$	2,495		$	2,308		$	2,055
Television		470			379			909
Other, Corporate and Eliminations		(284	)		(195	)		(178	)
Total Segment EBITDA	$	2,681		$	2,492		$	2,786

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

	For the years ended June 30,
	2019		2018			2017
	(in millions)
Cable Network Programming
Affiliate fee	$	3,804	$	3,541		$	3,059
Advertising		1,184		1,120			1,075
Other		393		388			189
Total Cable Network Programming revenues		5,381		5,049			4,323
Television
Advertising		3,872		3,478			4,076
Affiliate fee		1,708		1,382			1,235
Other		399		246			289
Total Television revenues		5,979		5,106			5,600
Other, Corporate and Eliminations		29		(2	)		(2	)
Total revenues	$	11,389	$	10,153		$	9,921

Reconciliation of Depreciation and Amortization from Segments to Consolidated and Reconciliation of Capital Expenditures from Segments to Consolidated

	For the years ended June 30,
	2019		2018		2017
	(in millions)
Depreciation and amortization
Cable Network Programming	$	48	$	38	$	33
Television		96		112		116
Other, Corporate and Eliminations		68		21		20
Total depreciation and amortization	$	212	$	171	$	169

	For the years ended June 30,
	2019		2018		2017
	(in millions)
Capital expenditures
Cable Network Programming	$	83	$	64	$	41
Television		71		89		74
Other, Corporate and Eliminations		81		62		76
Total capital expenditures	$	235	$	215	$	191

Reconciliation of Assets from Segments to Consolidated

	As of June 30,
	2019		2018
	(in millions)
Assets
Cable Network Programming	$	2,584	$	2,430
Television		6,598		6,805
Other, Corporate and Eliminations		9,462		3,611
Investments		865		275
Total assets	$	19,509	$	13,121

Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated

	As of June 30,
	2019		2018
	(in millions)
Goodwill and intangible assets, net
Cable Network Programming	$	1,246	$	1,184
Television		3,891		4,024
Other, Corporate and Eliminations		405		405
Total goodwill and intangible assets, net	$	5,542	$	5,613