Additional Financial Information

12 Months Ended

Jun. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Additional Financial Information

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,
	2021			2020			2019
	(in millions)
Transaction costs(a)	$	421		$	(125	)	$	(199	)
Net gains on investments in equity securities(b)		258			14			268
U.K. Newspaper Matters Indemnity(c)		(64	)		(90	)		(58	)
Other		(36	)		(47	)		(30	)
Total other, net	$	579		$	(248	)	$	(19	)

^(a) The transaction costs for fiscal 2021 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 fiscal 2020 and 2019 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) Net gains on investments in equity securities for fiscal 2021 included the gains related to the changes in fair value of the Company’s investment in Flutter (See Note 6—Fair Value). 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”).

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

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,
	2021		2020
	(in millions)
Investments(a)	$	899	$	618
Operating lease ROU assets		469		539
Grantor Trust		304		247
Inventories, net		199		202
Other		187		195
Total other non-current assets	$	2,058	$	1,801

^(a) Includes investments accounted for at fair value on a recurring basis of $788 million and $531 million as of June 30, 2021 and 2020, 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,
	2021		2020
	(in millions)
Accrued expenses	$	1,077	$	907
Program rights payable		659		485
Deferred revenue		196		152
Operating lease liabilities		92		122
Other current liabilities		229		240
Total accounts payable, accrued expenses and other current liabilities	$	2,253	$	1,906

Other Liabilities

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

	As of June 30,
	2021		2020
	(in millions)
Accrued non-current pension/postretirement liabilities	$	586	$	709
Non-current operating lease liabilities		409		452
Other non-current liabilities		341		321
Total other liabilities	$	1,336	$	1,482

Supplemental Information

	For the years ended June 30,
	2021			2020			2019
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(390	)	$	(355	)	$	(39	)
Cash paid for income taxes	$	(225	)	$	(88	)	$	(4	)
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	49		$	1,254		$	-
Cash acquired		-			41			-
Liabilities assumed and other		2			(84	)		-
Noncontrolling interests		-			(109	)		-
Cash paid		(51	)		(1,102	)		-
Fair value of equity instruments consideration	$	-		$	-		$	-