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Additional Financial Information (Tables)
 9 Months Ended
Mar. 31, 2022
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 March 31,
For the nine months ended March 31,
2022202120222021
(in millions)
Net (losses) gains on investments in equity securities(a)
$(191)$43 $(293)$384 
U.K Newspaper Matters Indemnity(b)
(22)(15)(71)(43)
Transaction Costs(c)
(17)(2)(41)431 
Other(3)35 30 (20)
Total other, net$(233)$61 $(375)$752 
(a)
Net (losses) gains on investments in equity securities for the three and nine months ended March 31, 2022 and 2021 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 nine months ended March 31, 2021 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
March 31,
2022
As of
June 30,
2021
 (in millions)
Investments(a)
$648 $899 
Operating lease ROU assets454 469 
Inventories, net487 199 
Grantor Trust293 304 
Other217 187 
Total other non-current assets$2,099 $2,058 
(a)
Includes investments accounted for at fair value on a recurring basis of $506 million and $788 million as of March 31, 2022 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
March 31,
2022
As of
June 30,
2021
(in millions)
Accrued expenses$862 $1,077 
Program rights payable766 659 
Deferred revenue165 196 
Operating lease liabilities107 92 
Other current liabilities221 229 
Total accounts payable, accrued expenses and other current liabilities$2,121 $2,253 
Components of Other Liabilities
The following table sets forth the components of Other liabilities included in the Balance Sheets:
As of
March 31,
2022
As of
June 30,
2021
(in millions)
Accrued non-current pension/postretirement liabilities$544 $586 
Non-current operating lease liabilities382 409 
Other non-current liabilities371 341 
Total other liabilities$1,297 $1,336 
Schedule of Supplemental Information
Supplemental Information
For the nine months ended
March 31,
 20222021
 (in millions)
Supplemental cash flows information
Cash paid for interest$363 $370 
Cash paid for income taxes$(204)$(132)
 
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash$348 $— 
Cash acquired7 — 
Liabilities assumed(47)— 
Redeemable noncontrolling interests issued(5)— 
Cash paid(250)— 
Fair value of equity instruments issued as consideration to third parties(a)
53 — 
Issuance of subsidiary common units(53)— 
Fair value of equity instruments consideration$— $— 
(a)
Includes Redeemable noncontrolling interests.