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Additional Financial Information (Tables)
 6 Months Ended
Dec. 31, 2021
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,
2021202020212020
(in millions)
Net (losses) gains on investments in equity securities(a)
$(165)$220 $(102)$341 
U.K Newspaper Matters Indemnity(b)
(32)(15)(49)(28)
Transaction Costs(c)
(11)(18)(24)433 
Other(3)(15)33 (55)
Total other, net$(211)$172 $(142)$691 
(a)
Net (losses) gains on investments in equity securities for the three and six months ended December 31, 2021 and 2020 included the (losses) gains related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value).
(b)
See Note 8—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity.”
(c)
The transaction costs for the six months ended December 31, 2020 are primarily related to the reimbursement from Disney of $462 million related to the substantial settlement of the Company’s prepayment of its share of the Divestiture Tax (as defined in Note 1—Description of Business and Basis of Presentation in the 2021 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
December 31,
2021
As of
June 30,
2021
 (in millions)
Investments(a)
$831 $899 
Operating lease ROU assets476 469 
Inventories, net462 199 
Grantor Trust300 304 
Other207 187 
Total other non-current assets$2,276 $2,058 
(a)
Included investments accounted for at fair value on a recurring basis of $689 million and $788 million as of December 31, 2021 and June 30, 2021, 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,
2021
As of
June 30,
2021
(in millions)
Accrued expenses$850 $1,077 
Program rights payable771 659 
Deferred revenue163 196 
Operating lease liabilities105 92 
Other current liabilities231 229 
Total accounts payable, accrued expenses and other current liabilities$2,120 $2,253 
Components of Other Liabilities
The following table sets forth the components of Other liabilities included in the Balance Sheets:
As of
December 31,
2021
As of
June 30,
2021
(in millions)
Accrued non-current pension/postretirement liabilities$560 $586 
Non-current operating lease liabilities406 409 
Other non-current liabilities376 341 
Total other liabilities$1,342 $1,336 
Schedule of Supplemental Information
Supplemental Information
For the six months ended
December 31,
 20212020
 (in millions)
Supplemental cash flows information
Cash paid for interest$(200)$(206)
Cash paid for income taxes$(155)$(92)
 
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash$335 $— 
Cash acquired10 — 
Liabilities assumed(48)— 
Redeemable noncontrolling interests issued(5)— 
Cash paid(239)— 
Fair value of equity instruments issued as consideration to third parties(a)
53 — 
Issuance of subsidiary common units(53)— 
Fair value of equity instruments consideration$— $— 
(a)
Includes Redeemable noncontrolling interests.