Additional Financial Information

12 Months Ended

Jun. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

NOTE 21. ADDITIONAL FINANCIAL INFORMATION

Other, net

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

	For the years ended June 30,
	2020			2019			2018
	(in millions)
Transaction costs^(a)	$	(125	)	$	(199	)	$	(103	)
U.K. Newspaper Matters Indemnity^(b)		(90	)		(58	)		(29	)
Net gains on investments in equity securities^(c)		14			268			9
Settlement loss related to pension plans^(d)		-			-			(53	)
Gain on spectrum relinquishment^(e)		-			12			102
Shareholder litigation settlement^(f)		-			-			68
Other		(47	)		(42	)		(33	)
Total other, net	$	(248	)	$	(19	)	$	(39	)

^(a)

The transaction costs are primarily related to the Separation and the Distribution which includes retention related costs and for fiscal 2020 include costs associated with the profits participants litigation (See Note 14—Commitments and Contingencies under the heading “Profits Participants Litigation”).

⁽^b⁾	See Note 14—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity.”

^(c)	Net gains on investments in equity securities for fiscal 2020 included the loss related to the change in fair value of the Company’s investment in Roku, which was sold in March 2020 (See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Roku”).

^(d)	The settlement loss was primarily related to the legacy plans (See Note 15—Pension and Other Postretirement Benefits).

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

^(f)	See Note 14—Commitments and Contingencies under the heading “Shareholder Litigation.”

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,
	2020		2019
	(in millions)
Investments^(a)	$	618	$	865
Operating lease ROU assets		539		-
Grantor Trust		247		249
Inventories, net		202		205
Other		195		206
Total other non-current assets	$	1,801	$	1,525

^(a)	Includes investments accounted for at fair value on a recurring basis of $531 million and $761 million as of June 30, 2020 and 2019, respectively (See Note 6—Fair Value).

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,
	2020		2019
	(in millions)
Accrued expenses	$	907	$	835
Program rights payable		485		514
Deferred revenue		152		169
Operating lease liabilities		122		-
Other current liabilities		240		194
Total accounts payable, accrued expenses and other current liabilities	$	1,906	$	1,712

Other Liabilities

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

	As of June 30,
	2020		2019
	(in millions)
Accrued non-current pension/postretirement liabilities	$	709	$	543
Non-current operating lease liabilities		452		-
Other non-current liabilities		321		356
Total other liabilities	$	1,482	$	899

Supplemental Information

	For the years ended June 30,
	2020			2019			2018
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(355	)	$	(39	)	$	(28	)
Cash paid for income taxes	$	(88	)	$	(4	)	$	-

Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	1,254		$	-		$	-
Cash acquired		41			-			-
Liabilities assumed		(84	)		-			-
Noncontrolling interests		(109	)		-			-
Cash paid		(1,102	)		-			-
Fair value of equity instruments consideration	$	-		$	-		$	-