XML 40 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value (Schedule of Financial Assets and Liabilities Carried at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Assets    
Investments in equity securities $ 640 $ 531
Liabilities    
Redeemable noncontrolling interests (310) (305)
Fair value measurements recurring    
Assets    
Investments in equity securities 640 531
Liabilities    
Other (4) (6)
Redeemable noncontrolling interests (310) (305)
Total 326 220
Fair value measurements recurring | Level 1    
Assets    
Investments in equity securities [1] 640 531
Liabilities    
Other 0 0
Redeemable noncontrolling interests 0 0
Total 640 531
Fair value measurements recurring | Level 2    
Assets    
Investments in equity securities 0 0
Liabilities    
Other 0 0
Redeemable noncontrolling interests 0 0
Total 0 0
Fair value measurements recurring | Level 3    
Assets    
Investments in equity securities 0 0
Liabilities    
Other [2] (4) (6)
Redeemable noncontrolling interests [2] (310) (305)
Total $ (314) $ (311)
[1] The investment categorized as Level 1 represents an investment in equity securities of Flutter Entertainment plc (“Flutter”) with a readily determinable fair value (See Note 3—Acquisitions, Disposals and Other Transactions in the 2020 Form 10-K under the heading “Flutter” for further discussion).
[2] The Company utilizes the market approach valuation technique for its Level 3 fair value measures. Inputs to such measures could include observable market data obtained from independent sources such as broker quotes and recent market transactions for similar assets. It is the Company’s policy to maximize the use of observable inputs in the measurement of its Level 3 fair value measurements. To the extent observable inputs are not available, the Company utilizes unobservable inputs based upon the assumptions market participants would use in valuing the liability. Examples of utilized unobservable inputs are future cash flows and long-term growth rates.