Inventories, Net

9 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Inventories, Net

INVENTORIES, NET

The Company’s inventories were comprised of the following:

	As of March 31, 2023		As of June 30, 2022
	(in millions)
Licensed programming, including prepaid sports rights	$	733	$	975
Owned programming	446		337
Total inventories, net	1,179		1,312
Less: current portion of inventories, net	(487)		(791)
Total non-current inventories, net	$	692	$	521
Owned programming
Released	$	252	$	205
In-process and other	194		132
Total	$	446	$	337

The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:

	For the three months ended March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)				(in millions)
Amortization expense	$	1,781	$	1,150	$	5,201	$	4,591