Restructuring Programs

12 Months Ended

Jun. 30, 2020

Restructuring And Related Activities [Abstract]

Restructuring Programs

NOTE 4. RESTRUCTURING PROGRAMS

Fiscal 2020

During fiscal 2020, the Company recorded restructuring charges at the Cable Network Programming and Television segments of approximately $425 million reflecting contract termination costs related to a programming rights agreement with the United States Golf Association (the “USGA”) for the broadcast of USGA events on the Company’s networks, including the write-off of approximately $75 million of programming rights advances. The Company paid approximately $320 million to the USGA in June 2020 for the contract termination. As a result of the contract termination, the Company no longer has the rights to broadcast future USGA events and has no additional payment obligations to the USGA.

Changes in the restructuring program liabilities were as follows:

	One time termination benefits			Contract termination costs				Total
	(in millions)
Balance, June 30, 2017	$	(93	)	$	-			$	(93	)
Additions		(11	)		-				(11	)
Payments		66			-				66
Other		1			-				1
Balance, June 30, 2018	$	(37	)	$	-			$	(37	)
Additions		(26	)		-				(26	)
Payments		23			-				23
Balance, June 30, 2019	$	(40	)	$	-			$	(40	)
Additions		(24	)		(427	)			(451	)
Payments		26			397		(a)		423
Balance, June 30, 2020	$	(38	)	$	(30	)		$	(68	)

^(a) Includes the write-off of approximately $75 million of programming rights advances.

Restructuring charges are recorded in Impairment and restructuring charges in the Statements of Operations. As of June 30, 2020 and 2019, restructuring liabilities of approximately $40 million and $30 million, respectively, were included in Accounts payable, accrued expenses and other current liabilities in the Balance Sheets and the balance of the accrual was included in Non-current Other liabilities in the Balance Sheets.