Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 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 December 31,						For the six months ended December 31,
	2020			2019			2020			2019
	(in millions)
Transaction costs(a)	$	(18	)	$	2		$	433		$	(43	)
Net gains on investments in equity securities(b)		220			333			341			382
U.K. Newspaper Matters Indemnity(c)		(15	)		(31	)		(28	)		(44	)
Other		(15	)		(2	)		(55	)		(8	)
Total other, net	$	172		$	302		$	691		$	287

^{(a) The transaction costs for the six months ended December 31, 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 six months ended December 31, 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 and six months ended December 31, 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 and six months ended December 31, 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).

^(c) See Note 8—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity.”

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 December 31, 2020		As of June 30, 2020
	(in millions)
Investments(a)	$	1,006	$	618
Operating lease ROU assets		474		539
Grantor Trust		279		247
Inventories, net		232		202
Other		176		195
Total other non-current assets	$	2,167	$	1,801

^(a) Included investments accounted for at fair value on a recurring basis of $894 million and $531 million as of December 31, 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 December 31, 2020		As of June 30, 2020
	(in millions)
Accrued expenses	$	1,010	$	907
Program rights payable		650		485
Deferred revenue		276		152
Operating lease liabilities		92		122
Other current liabilities		185		240
Total accounts payable, accrued expenses and other current liabilities	$	2,213	$	1,906

Components of Other Liabilities

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

	As of December 31, 2020		As of June 30, 2020
	(in millions)
Accrued non-current pension/postretirement liabilities	$	704	$	709
Non-current operating lease liabilities		413		452
Other non-current liabilities		352		321
Total other liabilities	$	1,469	$	1,482

Schedule Of Supplemental Information

Supplemental Information

	For the six months ended December 31,
	2020			2019
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(206	)	$	(191	)
Cash paid for income taxes	$	(92	)	$	(35	)
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	-		$	404
Cash acquired		-			15
Liabilities assumed		-			(35	)
Noncontrolling interests		-			(109	)
Cash paid		-			(275	)
Fair value of equity instruments consideration	$	-		$	-