Goodwill and Intangible Assets, Net

6 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

NOTE 5. GOODWILL AND INTANGIBLE ASSETS, NET

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, 2019	$	2,167	$	642	$	2,809	$	42		$	2,851
Amortization		-		-		-		(13	)		(13	)
Acquisitions(b)		-		-		-		73			73
Balance, December 31, 2019	$	2,167	$	642	$	2,809	$	102		$	2,911

^{(a) Net of accumulated amortization of $142 million and $129 million as of December 31, 2019 and June 30, 2019, respectively. The average useful life of amortizable intangible assets ranges from five to 20 years.}

^(b) See Note 2—Acquisitions, Disposals and Other Transactions under the heading “Credible Acquisition.”

The changes in the carrying value of goodwill, by segment, are as follows:

	Cable Network Programming		Television		Other, Corporate and Eliminations		Total Goodwill
	(in millions)
Balance, June 30, 2019	$	987	$	1,704	$	-	$	2,691
Acquisitions(a)		42		36		222		300
Balance, December 31, 2019	$	1,029	$	1,740	$	222	$	2,991

^(a) Primarily relates to the Credible Acquisition (See Note 2—Acquisitions, Disposals and Other Transactions under the heading “Credible Acquisition”).