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Inventories, Net
 12 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories, Net INVENTORIES, NET
The Company’s inventories were comprised of the following:
As of June 30,
20232022
(in millions)
Licensed programming, including prepaid sports rights$720 $975 
Owned programming465 337 
Total inventories, net1,185 1,312 
Less: current portion of inventories, net(543)(791)
Total non-current inventories, net$642 $521 
Owned programming
Released$256 $205 
In-process or other209 132 
Total$465 $337 
The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statement of Operations:
For the years ended June 30,
202320222021
(in millions)
Total amortization expense$6,036 $5,379 $4,721 
Based on the balance of inventories, net as of June 30, 2023, the estimated amortization expense for each of the succeeding three fiscal years is as follows:
For the years ending June 30,
202420252026
(in millions)
Estimated amortization expense$694 $123 $55 
Inventories are evaluated for recoverability when an event or circumstance occurs that indicates that fair value may be less than unamortized costs. The Company will determine if there is an impairment by evaluating the fair value of the inventories, which are primarily supported by internal forecasts as compared to unamortized costs. The Company recognized impairments of approximately $10 million, $50 million and nil in fiscal 2023, 2022 and 2021, respectively, related to owned programming at the Cable Network Programming and Television segments, which were recorded in Operating expenses in the Statements of Operations.