Additional Financial Information (Tables)

3 Months Ended

Sep. 30, 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 September 30,
	2023		2022
	(in millions)
Interest expense	$	(91)	$	(87)
Interest income	49		19
Total interest expense, net	$	(42)	$	(68)

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 September 30,
	2023		2022
	(in millions)
Net (losses) gains on investments in equity securities(a)	$	(171)	$	21
U.K. Newspaper Matters Indemnity(b)	(5)		(61)
Other	10		(36)
Total other, net	$	(166)	$	(76)

(a)	Net (losses) gains on investments in equity securities includes the (losses) gains 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 headings “U.K. Newspaper Matters Indemnity.” The decrease for the three months ended September 30, 2023, as compared to the corresponding period of fiscal 2023, was attributable to an increase in the number of civil claims submitted in fiscal 2023 in advance of the September 30, 2022 cutoff date set by the judge for this phase of the litigation.

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 September 30, 2023		As of June 30, 2023
	(in millions)
Operating lease assets	$	931	$	947
Investments(a)	877		1,034
Inventories, net	737		642
Grantor Trust	262		276
Other	249		269
Total other non-current assets	$	3,056	$	3,168

(a) Includes investments accounted for at fair value on a recurring basis of $727 million and $884 million as of September 30, 2023 and June 30, 2023, 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 September 30, 2023		As of June 30, 2023
	(in millions)
Programming payable	$	849	$	785
Accrued expenses	812		1,028
Deferred revenue	254		160
Operating lease liabilities	70		72
Other current liabilities	354		469
Total accounts payable, accrued expenses and other current liabilities	$	2,339	$	2,514

Components of Other Liabilities

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

	As of September 30, 2023		As of June 30, 2023
	(in millions)
Non-current operating lease liabilities	$	907	$	925
Accrued non-current pension/postretirement liabilities	334		361
Other non-current liabilities	178		198
Total other liabilities	$	1,419	$	1,484

Schedule of Supplemental Information

	For the three months ended September 30,
	2023		2022
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(158)	$	(151)
Cash paid for income taxes	$	(2)	$	(8)