Leases (Tables)

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Lessee Operating Lease Components of Balance Sheet and Other Supplemental Information

The following amounts were recorded in the Company's Balance Sheet relating to its operating leases and other supplemental information:

	For the years ended June 30,
	2022			2021
	(in millions)
ROU assets	$	477		$	469
Lease liabilities
Current lease liabilities	$	107		$	92
Non-current lease liabilities	405			409
Total lease liabilities	$	512		$	501
Other supplemental information
Weighted average remaining lease term	9 years			8 years
Weighted average discount rate	3		%	3		%

Summary of Lease Costs and Supplemental Cash Flows Information

The following table presents information about the Company's lease costs and supplemental cash flows information for leases:

	For the years ended June 30,
	2022		2021		2020
	(in millions)
Lease costs
Total lease costs(a)	$	128	$	126	$	126
Supplemental cash flows information
Operating cash flows from operating leases	$	116	$	134	$	166
ROU assets obtained in exchange for operating lease liabilities	$	137	$	49	$	87

(a) Total lease costs of $128 million, $126 million and $126 million for the years ended June 30, 2022, 2021 and 2020 are net of sublease income of approximately $15 million, $30 million and $50 million, respectively. Approximately $15 million and $40 million of the sublease income for the years ended June 30, 2021 and 2020, respectively, relates to office facilities that were subleased through November 2020 to News Corporation, a related party (see Note 13—Related Party Transactions).

Schedule of lease payments relating to the Company’s operating leases

The following table presents the lease payments relating to the Company's operating leases:

	As of June 30, 2022
	(in millions)
Fiscal Year
2023	$	119
2024	116
2025	104
2026	57
2027	29
Thereafter	181
Total lease payments	606
Less: imputed interest	(94)
Present value of operating lease liabilities	$	512