Additional Financial Information (Tables)

12 Months Ended

Jun. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Components of Other, net

The following table sets forth the components of Other, net included in the Statements of Operations:

	For the years ended June 30,
	2019			2018			2017
	(in millions)
Net unrealized gains on investments(a)	$	268		$	-		$	-
Transaction costs(b)		(199	)		(103	)		-
U.K. Newspaper Matters Indemnity(c)		(58	)		(29	)		(54	)
Settlement loss related to pension plans(d)		-			(53	)		(25	)
Gain on spectrum relinquishment(e)		12			102			-
Shareholder litigation settlement(f)		-			68			-
Other(g)		(42	)		(24	)		(52	)
Total other, net	$	(19	)	$	(39	)	$	(131	)

^(a) Represents the net unrealized gains related to changes in fair value of the Company’s investments in Roku and The Stars Group which are recognized in the Statements of Operations in accordance with ASC 321 (See Note 6—Fair Value).

^(b) The transaction costs for fiscal 2019 and 2018 are primarily related to the Separation and the Distribution which includes retention related costs.

^(c) See Note 13—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity”.

^(d) The settlement loss was primarily related to the Shared Plans (See Note 14—Pension and Other Postretirement Benefits).

^(e) See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Fiscal 2018”.

^(f) See Note 13—Commitments and Contingencies under the heading “Shareholder Litigation”.

^(g) Other for fiscal 2017 included approximately $50 million of costs related to settlements of claims arising out of allegations of sexual harassment and discrimination at the Company’s FOX News business (See Note 13—Commitments and Contingencies under the heading “FOX News”.

Components of Other Non-current Assets

The following table sets forth the components of Other non-current assets included in the Balance Sheets:

	As of June 30,
	2019		2018
	(in millions)
Investments(a)	$	865	$	275
Inventories, net		205		121
Other(b)		455		363
	+
Total other non-current assets	$	1,525	$	759

^(a) Includes investments accounted for at fair value on a recurring basis of $761 million and $257 million as of June 30, 2019 and 2018, respectively (See Note 6—Fair Value). See Note 3—Acquisitions, Disposals and Other Transactions for information on recent investments.

^(b) Other includes $249million and $265 million of assets in the Grantor Trust as of June 30, 2019 and 21CF Grantor Trust attributable to the Company as of June 30, 2018, respectively (See Note 14—Pension and Other Postretirement Benefits).

Components of Accounts Payable, Accrued Expenses and Other Current Liabilities

The following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:

	As of June 30,
	2019		2018
	(in millions)
Accrued expenses	$	835	$	530
Program rights payable		514		380
Deferred revenue		169		147
Income taxes payable(a)		6		553
Other current liabilities		188		149
Total accounts payable, accrued expenses and other current liabilities	$	1,712	$	1,759

^(a) The amount of income taxes payable as of June 30, 2018 represents the estimated liability determined using the separate tax return methodology as discussed in Note 1—Description of Business and Basis of Presentation.

Components of Other Liabilities

The following table sets forth the components of Other liabilities included in the Balance Sheets:

	As of June 30,
	2019		2018
	(in millions)
Accrued non-current pension/postretirement liabilities(a)	$	543	$	244
Other non-current liabilities		356		178
Total other liabilities	$	899	$	422

^(a) The increase in accrued non-current pension/postretirement liabilities was primarily related to the pension and other postretirement benefit assets and liabilities of the Shared Plans allocable to the Company’s employees transferred to the Company (See Note 14—Pension and Other Postretirement Benefits).