Additional Financial Information (Tables)

3 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interest Income and Interest Expense Disclosure

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

	For the three months ended September 30,
	2022		2021
	(in millions)
Interest expense	$	(87)	$	(97)
Interest income	19		—
Interest expense, net	$	(68)	$	(97)

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 September 30,
	2022		2021
	(in millions)
U.K Newspaper Matters Indemnity(a)	$	(61)	$	(17)
Net gains on investments in equity securities(b)	21		63
Transaction costs	(16)		(12)
Other	(20)		35
Total other, net	$	(76)	$	69

(a)	See Note 8—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity.”
(b)	Net gains on investments in equity securities for the three months ended September 30, 2022 and 2021 included the gains related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value).

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 September 30, 2022		As of June 30, 2022
	(in millions)
Investments(a)	$	649	$	578
Inventories, net	646		521
Operating lease assets	453		477
Grantor Trust	252		270
Other	229		225
Total other non-current assets	$	2,229	$	2,071

(a) Includes investments accounted for at fair value on a recurring basis of $505 million and $435 million as of September 30, 2022 and June 30, 2022, 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 September 30, 2022		As of June 30, 2022
	(in millions)
Accrued expenses	$	824	$	992
Programming payable	727		686
Deferred revenue	282		209
Operating lease liabilities	107		107
Other current liabilities	422		302
Total accounts payable, accrued expenses and other current liabilities	$	2,362	$	2,296

Components of Other Liabilities

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

	As of September 30, 2022		As of June 30, 2022
	(in millions)
Accrued non-current pension/postretirement liabilities	$	441	$	447
Non-current operating lease liabilities	387		405
Other non-current liabilities	249		268
Total other liabilities	$	1,077	$	1,120

Schedule of Supplemental Information

	For the three months ended September 30,
	2022		2021
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(151)	$	(168)
Cash paid for income taxes	$	(8)	$	(66)
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	—	$	120
Cash paid	—		(75)
Fair value of equity instruments consideration	—		45
Issuance of subsidiary common units	—		(45)
Fair value of equity instruments consideration	$	—	$	—