Additional Financial Information (Tables)

12 Months Ended

Jun. 30, 2022

The following table sets forth the components of Interest expense, net included in the Statements of Operations:

The following table sets forth the components of Other, net included in the Statements of Operations:


	For the years ended June 30,
	2022		2021		2020
	(in millions)
Net (losses) gains on investments in equity securities(a)	$	(386)	$	258	$	14
U.K. Newspaper Matters Indemnity(b)	(81)		(64)		(90)
Transaction costs(c)	(69)		421		(125)
Other	27		(36)		(47)
Total other, net	$	(509)	$	579	$	(248)


(a)			Net (losses) gains on investments in equity securities for fiscal 2022 and 2021 included the (losses) gains related to the changes in fair value of the Company's investment in Flutter (See Note 6—Fair Value). Net (losses) gains on investments in equity securities for fiscal 2020 included the loss related to the change in fair value of the Company's investment in Roku, which was sold in March 2020 (See Note 3—Acquisitions, Disposals and Other Transactions under the heading "Roku").
(b)			See Note 14—Commitments and Contingencies under the heading "U.K. Newspaper Matters Indemnity."
(c)			The transaction costs for fiscal 2021 are primarily related to the partial settlement from Disney of $462 million related to the reimbursement of the Company's prepayment of its share of the Divestiture Tax (See Note 1—Description of Business and Basis of Presentation). The transaction costs for fiscal 2020 are primarily related to the Separation and the Distribution, which includes retention related cost, and costs associated with the profits participants litigation (See Note 14—Commitments and Contingencies under the heading "Profits Participants Litigation" to the financial statements included within the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2021 as filed with the SEC on August 10, 2021).

The following table sets forth the components of Other non-current assets included in the Balance Sheets:


	As of June 30,
	2022		2021
	(in millions)
Investments(a)	$	578	$	899
Inventories, net	521		199
Operating lease ROU assets	477		469
Grantor Trust	270		304
Other	225		187
Total other non-current assets	$	2,071	$	2,058


(a)			Includes investments accounted for at fair value on a recurring basis of $435 million and $788 million as of June 30, 2022 and 2021, respectively (See Note 6—Fair Value).

The following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:


	As of June 30,
	2022		2021
	(in millions)
Accrued expenses	$	992	$	1,077
Programming payable	686		659
Deferred revenue	209		196
Operating lease liabilities	107		92
Other current liabilities	302		229
Total accounts payable, accrued expenses and other current liabilities	$	2,296	$	2,253

The following table sets forth the components of Other liabilities included in the Balance Sheets:


	As of June 30,
	2022		2021
	(in millions)
Accrued non-current pension/postretirement liabilities	$	447	$	586
Non-current operating lease liabilities	405		409
Other non-current liabilities	268		341
Total other liabilities	$	1,120	$	1,336


	For the years ended June 30,
	2022		2021		2020
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(383)	$	(390)	$	(355)
Cash paid for income taxes	$	(209)	$	(225)	$	(88)

Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	348	$	49	$	1,254
Cash acquired	9		—		41
Liabilities assumed	(47)		2		(84)
Redeemable noncontrolling interests issued	(5)		—		(109)
Cash paid	(252)		(51)		(1,102)
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.