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Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Values of Intangible Assets and Related Accumulated Amortization

The changes in the carrying values of the Company’s intangible assets and related accumulated amortization were as follows:

 

 

 

Intangible assets not subject to amortization

 

 

 

 

 

 

 

 

 

 

 

FCC

licenses

 

 

Other

 

 

Total

 

 

Amortizable

intangible

assets, net(a)

 

 

Total

intangible

assets,

net

 

 

 

(in millions)

 

Balance, June 30, 2019

 

$

2,167

 

 

$

642

 

 

$

2,809

 

 

$

42

 

 

$

2,851

 

Acquisitions(b)

 

 

113

 

 

 

-

 

 

 

113

 

 

 

300

 

 

 

413

 

Disposals(b)

 

 

(30

)

 

 

-

 

 

 

(30

)

 

 

-

 

 

 

(30

)

Amortization

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(36

)

 

 

(36

)

Balance, June 30, 2020

 

$

2,250

 

 

$

642

 

 

$

2,892

 

 

$

306

 

 

$

3,198

 

Acquisitions(b)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

19

 

 

 

19

 

Amortization

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(63

)

 

 

(63

)

Balance, June 30, 2021

 

$

2,250

 

 

$

642

 

 

$

2,892

 

 

$

262

 

 

$

3,154

 

 

(a)

Net of accumulated amortization of $228 million and $165 million as of June 30, 2021 and 2020, respectively.

(b)

See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Acquisitions and Disposals.”
Schedule of Finite-Lived Intangible Assets, Estimated Amortization Expense

Based on the balance of finite-lived intangible assets as of June 30, 2021, the estimated amortization expense for each of the succeeding five fiscal years is as follows:

 

 

 

For the years ending June 30,

 

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

 

(in millions)

 

Estimated amortization expense(a)

 

$

56

 

 

$

52

 

 

$

35

 

 

$

28

 

 

$

27

 

 

(a)

These amounts may vary as acquisitions and dispositions occur in the future.
Schedule of Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

 

 

 

Cable Network Programming

 

 

Television

 

 

Other,

Corporate

and

Eliminations

 

 

Total Goodwill

 

 

 

(in millions)

 

Balance, June 30, 2019

 

$

987

 

 

$

1,704

 

 

$

-

 

 

$

2,691

 

Acquisitions(a)

 

 

45

 

 

 

462

 

 

 

222

 

 

 

729

 

Disposals(a)

 

 

-

 

 

 

(11

)

 

 

-

 

 

 

(11

)

Balance, June 30, 2020

 

$

1,032

 

 

$

2,155

 

 

$

222

 

 

$

3,409

 

Acquisitions(a)

 

 

32

 

 

 

-

 

 

 

-

 

 

 

32

 

Disposals(a)

 

 

(5

)

 

 

-

 

 

 

(1

)

 

 

(6

)

Balance, June 30, 2021

 

$

1,059

 

 

$

2,155

 

 

$

221

 

 

$

3,435

 

 

(a)

See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Acquisitions and Disposals.”