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Inventories, Net
 12 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventories, Net INVENTORIES, NET
The Company's inventories were comprised of the following:
As of June 30,
20222021
(in millions)
Licensed programming, including prepaid sports rights$975 $811 
Owned programming337 117 
Total inventories, net1,312 928 
Less: current portion of inventories, net(791)(729)
Total non-current inventories, net$521 $199 
Owned programming
Released$205 $48 
In-process or other132 69 
Total$337 $117 
The following table presents the aggregate amortization expense related to inventories, net included in Operating Expenses in the Statement of Operations:
For the years ended June 30,
20222021
(in millions)
Amortization expense$5,379 $4,721 
Based on the balance of inventories, net as of June 30, 2022, the estimated amortization expense for each of the succeeding three fiscal years is as follows:
For the years ending June 30,
202320242025
(in millions)
Estimated amortization expense$934 $164 $38 
Inventories are evaluated for recoverability when an event or circumstance occurs that indicates that fair value may be less than unamortized costs. The Company will determine if there is an impairment by evaluating the fair value of the inventories, which are primarily supported by internal forecasts as compared to unamortized costs. The Company recognized impairments of approximately $50 million, nil and $95 million in fiscal 2022, 2021 and 2020, respectively, related to licensed and owned programming at the Cable Network Programming and Television segments, which were recorded in Operating expenses in the Statements of Operations.