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Inventories, Net
 9 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventories, Net INVENTORIES, NET
The Company’s inventories were comprised of the following:
As of
March 31,
2024
As of
June 30,
2023
(in millions)
Licensed programming, including prepaid sports rights$867 $720 
Owned programming485 465 
Total inventories, net1,352 1,185 
Less: current portion of inventories, net(660)(543)
Total non-current inventories, net$692 $642 
Owned programming
Released$226 $256 
In-process or other259 209 
Total$485 $465 
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,
2024202320242023
(in millions)
Total amortization expense$1,134 $1,781 $4,596 $5,201 
The Company evaluates the recoverability of unamortized programming and production costs, included within Inventories, net in the Balance Sheets, using expected future cash flows. The Company has determined that its unamortized production costs related to certain television series are not recoverable and therefore recognized a write-down at the Television segment of approximately $30 million and $10 million which was recorded in Operating expenses in the Statements of Operations for the three and nine months ended March 31, 2024 and 2023, respectively.