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Goodwill and Intangible Assets, Net
12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net GOODWILL AND INTANGIBLE ASSETS, NET
The changes in the carrying values of the Company’s intangible assets and related accumulated amortization were as follows:
 Intangible assets not subject to amortization
Amortizable
intangible
assets, net(a)
 
Total
intangible
assets, net
 
FCC
licenses
 Other Total  
 (in millions)
Balance, June 30, 2021
$2,250 $642 $2,892 $262 $3,154 
Acquisitions(b)
— — — 71 71 
Amortization and other— — — (68)(68)
Balance, June 30, 2022
$2,250 $642 $2,892 $265 $3,157 
Amortization and other— — — (73)(73)
Balance, June 30, 2023
$2,250 $642 $2,892 $192 $3,084 
(a)
Net of accumulated amortization of $366 million and $292 million as of June 30, 2023 and 2022, respectively.
(b)
See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Acquisitions and Disposals.”
Amortization expense related to finite-lived intangible assets was $74 million, $66 million and $63 million for fiscal 2023, 2022 and 2021, respectively.
Based on the balance of finite-lived intangible assets as of June 30, 2023, the estimated amortization expense for each of the succeeding five fiscal years is as follows:
 
For the years ending June 30,
 20242025202620272028
 (in millions)
Estimated amortization expense(a)
$46 $33 $32 $29 $23 
(a)
These amounts may vary as acquisitions and dispositions occur in the future.
The changes in the carrying value of goodwill, by segment, are as follows:
 Cable Network Programming Television
Other,
Corporate and
Eliminations
Total Goodwill
 (in millions)
Balance, June 30, 2021
$1,059 $2,155 $221 $3,435 
Acquisitions and other(a)
— 86 33 119 
Balance, June 30, 2022
$1,059 $2,241 $254 $3,554 
Acquisitions and other
— — 
Balance, June 30, 2023
$1,059 $2,246 $254 $3,559 
(a)
See Note 3—Acquisitions, Disposals and Other Transactions under the heading “Acquisitions and Disposals.”
The carrying amount of Television segment goodwill was net of accumulated impairments of $371 million as of June 30, 2023 and 2022.