Inventories, Net

12 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 5. INVENTORIES, NET

The Company’s inventories were comprised of the following:

	As of June 30,
	2020			2019
	(in millions)
Sports programming rights	$	674		$	954
Entertainment programming rights		384			380
Total inventories, net		1,058			1,334
Less: current portion of inventories, net		(856	)		(1,129	)
Total non-current inventories, net	$	202		$	205

The Company evaluates the recoverability of the unamortized costs associated with the Company’s programming rights using total estimated advertising and other revenues attributable to the program material and considering the Company’s expectations of the usefulness of the program rights. As a result of the evaluation, the Company recognized write-downs of approximately $95 million and $55 million in fiscal 2020 and 2019, respectively, related to sports, entertainment and syndicated programming rights at the Cable Network Programming and Television segments, which were recorded in Operating expenses in the Statements of Operations.