Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2023

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 March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Interest expense	$	(86)	$	(92)	$	(262)	$	(287)
Interest income	31		1		79		2
Total interest expense, net	$	(55)	$	(91)	$	(183)	$	(285)

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 March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Legal settlement costs(a)	$	(850)	$	—	$	(850)	$	—
Net gains (losses) on investments in equity securities(b)	182		(191)		317		(293)
U.K. Newspaper Matters Indemnity(a)	(24)		(22)		(106)		(71)
Transaction costs	(17)		(17)		(45)		(41)
Other	(10)		(3)		(38)		30
Total other, net	$	(719)	$	(233)	$	(722)	$	(375)

(a)	See Note 8—Commitments and Contingencies under the headings “Defamation and Disparagement Claims” and “U.K. Newspaper Matters Indemnity.”
(b)	Net gains (losses) on investments in equity securities includes the gains (losses) 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 March 31, 2023		As of June 30, 2022
	(in millions)
Operating lease assets(a)	$	965	$	477
Investments(b)	954		578
Inventories, net	692		521
Grantor Trust	269		270
Other	265		225
Total other non-current assets	$	3,145	$	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 $806 million and $435 million as of March 31, 2023 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 March 31, 2023		As of June 30, 2022
	(in millions)
Accrued expenses(a)	$	1,662	$	992
Programming payable	836		686
Deferred revenue	186		209
Operating lease liabilities	77		107
Other current liabilities	392		302
Total accounts payable, accrued expenses and other current liabilities	$	3,153	$	2,296

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

Components of Other Liabilities

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

	As of March 31, 2023		As of June 30, 2022
	(in millions)
Non-current operating lease liabilities(a)	$	930	$	405
Accrued non-current pension/postretirement liabilities	426		447
Other non-current liabilities	222		268
Total other liabilities	$	1,578	$	1,120

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

Schedule of Supplemental Information

	For the nine months ended March 31,
	2023		2022
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(324)	$	(363)
Cash paid for income taxes	$	(239)	$	(204)
Supplemental information on acquisitions
Fair value of assets acquired, excluding cash	$	—	$	348
Cash acquired	—		7
Liabilities assumed	—		(47)
Redeemable noncontrolling interests issued	—		(5)
Cash paid	—		(250)
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.