Additional Financial Information (Tables)

6 Months Ended

Dec. 31, 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 December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)
Interest expense	$	(89)	$	(98)	$	(176)	$	(195)
Interest income	29		1		48		1
Total interest expense, net	$	(60)	$	(97)	$	(128)	$	(194)

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 December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)
Net gains (losses) on investments in equity securities(a)	$	114	$	(165)	$	135	$	(102)
U.K. Newspaper Matters Indemnity(b)	(21)		(32)		(82)		(49)
Transaction costs	(12)		(11)		(28)		(24)
Other	(8)		(3)		(28)		33
Total other, net	$	73	$	(211)	$	(3)	$	(142)

(a)	Net gains (losses) on investments in equity securities for the three and six months ended December 31, 2022 and 2021 include the gains (losses) 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.”

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 December 31, 2022		As of June 30, 2022
	(in millions)
Operating lease assets(a)	$	969	$	477
Investments(b)	772		578
Inventories, net	680		521
Grantor Trust	264		270
Other	237		225
Total other non-current assets	$	2,922	$	2,071

(a)	See Note 8—Commitments and Contingencies under the heading “Commitments.”
(b)	Includes investments accounted for at fair value on a recurring basis of $625 million and $435 million as of December 31, 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 December 31, 2022		As of June 30, 2022
	(in millions)
Programming payable	$	962	$	686
Accrued expenses	939		992
Deferred revenue	148		209
Operating lease liabilities	109		107
Other current liabilities	385		302
Total accounts payable, accrued expenses and other current liabilities	$	2,543	$	2,296

Components of Other Liabilities

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

	As of December 31, 2022		As of June 30, 2022
	(in millions)
Non-current operating lease liabilities(a)	$	900	$	405
Accrued non-current pension/postretirement liabilities	427		447
Other non-current liabilities	176		268
Total other liabilities	$	1,503	$	1,120

(a) See Note 8—Commitments and Contingencies under the heading “Commitments.”

Schedule of Supplemental Information

	For the six months ended December 31,
	2022		2021
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(174)	$	(200)
Cash paid for income taxes	$	(179)	$	(155)
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	—	$	335
Cash acquired	—		10
Liabilities assumed	—		(48)
Redeemable noncontrolling interests issued	—		(5)
Cash paid	—		(239)
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.