Additional Financial Information (Tables)

3 Months Ended

Sep. 30, 2020

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 three months ended September 30,
	2020			2019
	(in millions)
Transaction costs(a)	$	451		$	(45	)
Net gains on investments in equity securities(b)		121			49
Other		(53	)		(19	)
Total other, net	$	519		$	(15	)

^{(a) The transaction costs for the three months ended September 30, 2020 are primarily related to the partial settlement from Disney of $462 million related to the reimbursement of the Company’s prepayment of its share of the Divestiture Tax (See Note 1—Description of Business and Basis of Presentation). The transaction costs for the three months ended September 30, 2019 are primarily related to costs associated with the profits participants litigation (See Note 14—Commitments and Contingencies in the 2020 Form 10-K under the heading “Profits Participants Litigation”) and the Separation and the Distribution (See Note 1—Description of Business and Basis of Presentation in the 2020 Form 10-K under the heading “The Distribution”) and included retention related costs.}

^(b) Net gains on investments in equity securities for the three months ended September 30, 2020 included the gain related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value) and for the three months ended September 30, 2019 included the gains related to the changes in fair value of the Company’s investments in Roku, Inc. and The Stars Group Inc. (See Note 6—Fair Value in the 2020 Form 10-K).

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 September 30, 2020		As of June 30, 2020
	(in millions)
Investments(a)	$	755	$	618
Operating lease ROU assets		505		539
Grantor Trust		260		247
Inventories, net		255		202
Other		165		195
Total other non-current assets	$	1,940	$	1,801

^(a) Included investments accounted for at fair value on a recurring basis of $640 million and $531 million as of September 30, 2020 and June 30, 2020, respectively (See Note 4—Fair Value).

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 September 30, 2020		As of June 30, 2020
	(in millions)
Accrued expenses	$	871	$	907
Program rights payable		524		485
Deferred revenue		242		152
Operating lease liabilities		104		122
Other current liabilities		271		240
Total accounts payable, accrued expenses and other current liabilities	$	2,012	$	1,906

Components of Other Liabilities

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

	As of September 30, 2020		As of June 30, 2020
	(in millions)
Accrued non-current pension/postretirement liabilities	$	710	$	709
Non-current operating lease liabilities		432		452
Other non-current liabilities		280		321
Total other liabilities	$	1,422	$	1,482

Supplemental Cash Flows Information

Supplemental Cash Flows Information

	For the three months ended September 30,
	2020			2019
	(in millions)
Cash paid for interest	$	(169	)	$	(171	)
Cash paid for income taxes	$	(86	)	$	(6	)